Bloomberry chairman Razon warns of oversupply in Manila casino market Kim M Latest Casino and Gambling NewsEconomy/FinancePhilippines April 22, 2016 0On Thursday, Filipino billionaire, and chairman of Bloomberry Resorts Corp, Enrique Razon Jr., warned that the opening of two additional...
Macau Labour groups to petition Government for casino employee benefits on May 1 Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceEmployment & CareersMacauLabor Relations April 22, 2016 0May 1 is known as International Workers Day and commonly referred to as Labor Day in Asia. Two of Macau’s...
Sands China misses analyst earnings predictions but Sheldon Adleson remains confident over recovery Renee Kingsley Latest Casino and Gambling NewsLas VegasChinaCasino project updatesEconomy/FinanceMacau April 21, 2016 0The Las Vegas Sands Corp is the biggest casino enterprise in the world and derives a significant portion of its...
Analyst says nearby construction hurting Studio City’s opening momentum Kim M Latest Casino and Gambling NewsEconomy/FinanceMacau April 20, 2016 0A note from Sterne Agee CRT on Monday stated that Melco Crown’s new Studio City is being hurt by continued...
New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceTaxationFines, Lawsuits & LitigationNew Jersey April 20, 2016 0New Jersey Governor Chris Christie increased pressure for a state takeover of the nearly bankrupt Atlantic City earlier this month...
Possible compromise in the works as leaders discuss Atlantic City financial woes Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceNew Jersey April 19, 2016 0Legislators in the state of New Jersey have been considering a takeover of Atlantic City for some time in the...
Exclusive: Vernon Downs investor concerned about market share, continued impact of Oneida monopoly Lars Jones Latest Casino and Gambling NewsTribal GamingHorse RacingEconomy/FinanceNew York April 17, 2016 0While Tioga Downs in the Southern Tier of Upstate New York works busily toward getting their facilities ready to open...
Washoe County to take responsibility for back taxes; Reno Casinos avoid paying close to $5 million Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceNevada April 15, 2016 0An issue with unpaid taxes in Washoe County has now been resolved, as the county has decided to not hold...
Atlantic City would get 130 days to avoid takeover with new plan Kim M Latest Casino and Gambling NewsEconomy/FinanceNew Jersey April 14, 2016 0Under a new proposal, Atlantic City has 130 days to devise a plan to fix its finances or the state...
MGM and Wynn Macau have stopped providing free shuttle access from March 1 Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceMacau April 14, 2016 0A couple of years ago it would have been inconceivable to think that visitors to Macau would have to pay...
In first three months of 2016 Ohio casinos generate a hefty $71.2 million Kim M Latest Casino and Gambling NewsEconomy/FinanceOhio April 12, 2016 0The first three months of 2016 recorded the highest single quarter for Ohio’s four casinos since they opened in 2012;...
$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced Lars Jones Latest Casino and Gambling NewsNorth America Casino NewsEconomy/FinanceMergers, Acquisitions & Partnerships April 11, 2016 0MGM Growth Properties LLC MGM Resorts International’s (nyse:mgm) real estate investment trust (REIT), has announced the terms of its initial...
Indiana casino revenues slightly down in March Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceIndiana April 10, 2016 0After starting off strong in 2016, the casinos of Indiana have reported a slight drop in revenues from gaming when...
Sun International drops Peermont Group acquisition Lars Jones Latest Casino and Gambling NewsSouth AfricaEconomy/FinanceMergers, Acquisitions & Partnerships April 8, 2016 0Wednesday South Africa’s Sun International (JSE: SUI) announced that it planned to halt its R9.5 billion ($623 million) plan to take over rival Peermont...
Atlantic City casinos report a 40% higher gross operating profit in 2015 Alex Lanter Latest Casino and Gambling NewsCasino NewsEconomy/FinanceNew Jersey April 8, 2016 0Atlantic City had a pretty bad year in 2014 when four of its gaming properties closed their doors for customers....