Economy/Finance

September 7, 2015

U.S.A., Latest Casino and Gambling News, World Casino News, Economy/Finance, Maryland

Maryland Lottery and Gaming announced that the state’s five land based casinos generated a total of $96.7 million gaming revenue in August 2015, which is an increase of 20 percent compared to the same month the...

Deadwood South Dakota may get $9 million facelift

September 7, 2015

Casino expansion projects, Economy/Finance, South Dakota

Rapid City and Omaha architects unveiled plans in late August that could see the Black Hills South Dakota gambling and tourist town of Deadwood completely revitalized. The Black Hills Pioneer reported that TSP ...

Macau junket ops taking debtors to court

September 5, 2015

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

According to a report on Macau Business Daily (MBD), there has been a major increase in filings with the Court of First Instance by VIP gaming promoters seeking to recover moneys owed by well-to-do gamblers who...

Tinian Dynasty to close this month

Kim M

September 5, 2015

Casino News, Latest Casino and Gambling News, World Casino News, Casino closures, Economy/Finance, Northern Mariana Islands, Saipan

After closing the Tinian Dynasty Casino two weeks ago, owner, Hong Kong Entertainment (HKE) Chairman Wai Chan announced that due to negative cash flow and low tourist arrivals complete closure of both the casin...

China’s mobile gaming revenue will exceed the U.S. market in 2015

September 3, 2015

U.S.A., Online gambling regulation, China, North America Casino News, Economy/Finance, Asian Casino News

Niko Partners, one of the leading research companies in the Asian games market intelligence segment recently released the 2015 Chinese Mobile Gaming Report which confirmed a growth curve in 2015. The report con...

Romanian license numbers up

September 3, 2015

Latest Casino and Gambling News, Economy/Finance, Unlicensed Operation, Romania

According to a note from Eastern European Gaming, since a new Romanian gambling law went into effect recently, the country has seen an influx of companies willing to comply with the new regulations, even if it ...

Playtech revenues soar; First half profit up 11%

September 2, 2015

Online gaming software, Latest Casino and Gambling News, World Casino News, Economy/Finance, Lottery

Playtech Plc, a developer and provider of online and offline gaming software and content, announced a revenue increase of €286 million ($321.4 million) up by 33 percent for the first half of 2015 to June 30 com...

Macau gaming revenue down 35.5%; Austerity measures implemented

September 2, 2015

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

Macau witnessed a 35.5% y-o-y gross gaming revenue (GGR) fall to MOP18.62 billion ($2.33 billion) for August, according to information provided by the Gaming Inspection and Coordination Bureau. August was the 1...

Government official wants authorities to investigate City of Dreams Manila Casino over employee sacking

September 2, 2015

Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Asian Casino News, Labor Relations, Philippines

The Philippines has encouraged gambling enterprises to set up multi-million dollar casinos in the country as the casino industry was expected to generated significant gaming revenue for the government and also ...

8 or more Macau VIP gaming rooms close in August

Sadonna Price

September 2, 2015

Latest Casino and Gambling News, Economy/Finance, Macau, Labor Relations

According to Macau Business Daily, a minimum of 8 VIP gaming rooms should be closing, either already having done so in August or soon to be in September. The VIP business of Macau is struggling, leaving junket ...

New Jersey casinos put pressure on Governor Christie to approve rescue bills

September 1, 2015

Gaming Law & Legislation, U.S.A., Casino News, Gaming Industry News, Economy/Finance, New Jersey

Atlantic City has witnessed a significant slump in the casino industry and as a result, four out of the twelve casinos in Atlantic City have been forced to shut down in the last 18 months. Once a thriving hub f...

Partner in Macau Ponte 16 posts small loss for first half of 2015

August 31, 2015

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

Success Universe Group reported loss of HK$1.9 million ($245,161) for the first half of 2015 in comparison with the same period last year. The company’s share worth noted a fall of 0.04 HK cents compared to ear...

Illinois budget crisis hits lottery winners

August 31, 2015

Economy/Finance, Lottery, Illinois

The state of Illinois is in the midst of a financial crisis and the government has been operating without a budget since the fiscal year ended on June 30th. Millions of dollars in lottery payouts have ceased wh...

Macau’s crackdown on underground banking activities will hit struggling casino industry