Economy/Finance | World Casino News

Cambodian casino operator NagaCorp reports net profit growth of 49%

August 13, 2015

Latest Casino and Gambling News, Cambodia, Economy/Finance, Asian Casino News

As Macau casinos are showing continuous drop of revenue, Australian and Cambodian casinos don’t seem to have the same problem. The latest casino operator to reveal an impressive growth of net profit is NagaCorp...

Macau casino operator SJM Holdings profit falls more than half

Alex Lanter

August 13, 2015

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau

Macau casino operator SJM Holdings reported huge losses of more than 50% year-on-year in the first half of 2015. The profit the company made in the first six months, up to 30th of June, was around HKD1.79 billi...

Studio City default contingency plan based on table allocations

Lars Jones

August 12, 2015

Casino project updates, Economy/Finance, Licenses, Macau

In April it was widely reported that Melco Crown Entertainment (60% owner of Studio City International Holdings Ltd) could find itself in technical default with lenders by October 1, 2016 if they are operating ...

Echo Entertainment Group profit grows more than 50% thanks to Asian VIPs

Alex Lanter

August 12, 2015

Latest Casino and Gambling News, Australia, Economy/Finance, Oceania Casino News

Macau has witnessed a drop in VIP clientele that resulted in significant decline in revenue. However, the Macau struggle has proven to be an opportunity for Australian casinos to shine and take over Asian VIPs....

Increased lottery proceeds helps revenue top $1 billion in Maryland

Kim M

August 10, 2015

Latest Casino and Gambling News, Casino openings, Casino project updates, Economy/Finance, Financial Press Releases, Maryland

Topping the $1 billion mark for first time, state officials in Maryland attributed the 2.2 increase from last year to casino revenue and lottery sales. According to Gordon Medenica, the state’s new Lottery a...

Stagnant gaming business means layoffs for City Of Dreams Manila

Kim M

August 10, 2015

Latest Casino and Gambling News, World Casino News, Economy/Finance, Macau, Philippines

After celebrating the “Grand Launch” of its new integrated casino resort in February of this year, the $1.3 billion City of Dreams Manila, a joint venture between Macau’s Melco Crown Entertainment and the Belle...

First-ever profit reported by The Cosmopolitan in Las Vegas

Sadonna Price

August 10, 2015

Latest Casino and Gambling News, Economy/Finance, Nevada

The Cosmopolitan hotel and casino, located on the Las Vegas Strip, was first opened in 2010. The casino had yet to report a quarterly profit since opening five years ago, until now. A quarterly profit was poste...

Lottery terminals in Puerto Rico threaten tourism industry according to association

Lars Jones

August 8, 2015

Gaming Law & Legislation, Casino closures, Economy/Finance, Lottery, Unlicensed Operation, Fines, Lawsuits & Litigation, Puerto Rico

The Puerto Rican economy is in deep trouble with a public debt of $72 billion and the government is scrambling for ways to bolster revenues and avert a calamity. One move to get quick cash saw Finance Minister ...

Genting Singapore sees sharp decline in net profits

Alex Lanter

August 7, 2015

Latest Casino and Gambling News, World Casino News, Economy/Finance, Asian Casino News, Singapore

Genting Singapore Plc experienced the biggest fall in net profits in the past six years recently, with shares plunging more than 8 percent. The biggest reason for this situation, according to the company, is th...

Massachusetts casinos will benefit horse racing tracks

Kim M

August 4, 2015

Horse Racing, Latest Casino and Gambling News, Casino openings, Economy/Finance, Massachusetts

The horse racing industry in Massachusetts now has plenty of cash from casinos, the problem is, with the exception of Suffolk Downs, there isn’t much need for it in the current landscape. Due to a provision ...

Golden Entertainment’s Sartini to take measured approach to growth at Rocky Gap Casino

Sam Mitchell

August 4, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Maryland

On 3rd August 2015, it was reported that the new owner is no hurry to make changes at the Rocky Gap Casino Resort in western Maryland. Golden Entertainment is taking a slower approach in regards to the runni...

Caesars reaches restructuring agreement with lenders

Kim M

August 3, 2015

Latest Casino and Gambling News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation, Nevada

The corporation that filed for bankruptcy over six months ago, a major division of Caesars Entertainment Corporation, filed for bankruptcy, and now wants a Chicago bankruptcy court to approve a restructuring pl...

Arizona’s Q2 tribal gaming revenue increases, contributes $25.8 million toward state’s operating costs

D. Graham

August 2, 2015

Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Arizona, Economy/Finance

For the fourth consecutive quarter, Arizona’s tribal gaming revenue, received from fifteen tribes operating twenty-three casinos, has increased over the same time period compared to the year before. The Ariz...

Wynn net income drops; Shining light in future

Kim M

August 1, 2015

Casino News, Latest Casino and Gambling News, Casino project updates, Economy/Finance, Asian Casino News, Macau

According to analysts, although Wynn Resort’s second quarter numbers have taken a hit, the announcement of a solid opening date for Wynn Palace on the Cotai Strip brightens the picture. This years second qua...

Amaya NYX deal for Cryptologic and Chartwell closes

Lars Jones

August 1, 2015

Latest Casino and Gambling News, Economy/Finance, Ontario, Game manufacturers, Mergers, Acquisitions & Partnerships, Nevada

Amaya Inc. has completed the sale of its online gaming platform to NYX Gaming. Amaya acquired Chartwell Technology Inc. and Cryptologic Inc. in 2011 and 2012 respectively, forming the basis of the platform sale...

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Cambodian casino operator NagaCorp reports net profit growth of 49%

Macau casino operator SJM Holdings profit falls more than half

Studio City default contingency plan based on table allocations

Echo Entertainment Group profit grows more than 50% thanks to Asian VIPs

Increased lottery proceeds helps revenue top $1 billion in Maryland

Stagnant gaming business means layoffs for City Of Dreams Manila

First-ever profit reported by The Cosmopolitan in Las Vegas

Lottery terminals in Puerto Rico threaten tourism industry according to association

Genting Singapore sees sharp decline in net profits

Massachusetts casinos will benefit horse racing tracks

Golden Entertainment’s Sartini to take measured approach to growth at Rocky Gap Casino

Caesars reaches restructuring agreement with lenders

Arizona’s Q2 tribal gaming revenue increases, contributes $25.8 million toward state’s operating costs

Wynn net income drops; Shining light in future

Amaya NYX deal for Cryptologic and Chartwell closes

BAGO Raises Alarm Over Surge in Illegal Online Gambling Across Belgium

Man Arrested in Japan Record-Breaking Illegal Online Gambling Case

Ultimate Fire Link Cash Falls by the Bay Debuts on Caesars Online Platforms

Meta Tightens Online Gambling Ad Rules, Eases Process for Indian Firms

DraftKings No Longer in Contention for Nassau Casino Project