Economy/Finance | World Casino News

Caesars reaches restructuring agreement with lenders

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

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

Latest Casino and Gambling News, Casino 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, Ontario, Game manufacturers, Economy/Finance, 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...

Mohegan Sun posts 3Q profit on cost-cutting and increased visitors

Kim M

July 30, 2015

Latest Casino and Gambling News, Economy/Finance, Connecticut, Financial Press Releases, Massachusetts

The organization is optimistic after a strong profit report according to the tribal authority that owns and operates the Mohegan Sun, and casino president Robert J Soper. Cost cutting and increased slot machine...

Illinois cities won’t earn casino tax shares until state budget is set

Sadonna Price

July 30, 2015

Latest Casino and Gambling News, Economy/Finance, Taxation, Illinois

A state spending plan has yet to be approved in the state of Illinois and this fact has now affected the gambling facilities of the state. Cities that play host to a casino will not receive a share of taxes ear...

Atlanta Mayor; “fiscally irresponsible” to not consider casino for Turner Field

Sam Mitchell

July 28, 2015

Latest Casino and Gambling News, Casino proposals, Economy/Finance, Georgia

Last Thursday Atlanta Mayor, Kasim Reed said that he would be willing to meet with the representatives that have pitched casino developments for the Turner Field area, but many local residents are not happy wi...

Tribal casinos up for fifth straight year, according to NIGC

Kim M

July 27, 2015

Latest Casino and Gambling News, U.S.A., Economy/Finance, Licensed online casinos in USA

According to the Washington, D.C. based National Indian Gaming Commission (NIGC), the U.S. Indian gaming industry recorded its fifth consecutive year of gross gaming revenue (GGR) for the 2014 fiscal year, coll...

Galaxy to take stake in Monaco casino operator

Lars Jones

July 25, 2015

Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Monaco

Galaxy Entertainment Group Ltd. is taking a 5 percent stake in a Monaco hotel and casinos operator established in 1863. The shares in Societe des Bains de Mer et du Cercle des Etrangers a Monaco (SBM) are being...

Hilton forced to shutdown Puerto Rico hotel casino due to the country’s economic crisis

Renee Kingsley

July 23, 2015

U.S.A., Casino News, Casino closures, Gaming Industry News, Economy/Finance, Unlicensed Operation, Puerto Rico

The Condado Plaza Hilton in Puerto Rico is one of the biggest and most popular hotels on the Island and has been operating for the past forty years. The hotel attracts thousands of tourists each year as it is l...

Alabama Governor says Poarch Creek Indians have not made a $250 million offer

Renee Kingsley

July 22, 2015

Gaming Law & Legislation, Tribal Gaming, U.S.A., Casino expansion projects, Alabama, Gaming Industry News, Economy/Finance, Licenses

The state of Alabama has struggled financially over the last twelve months and the government has found it difficult to meet its budgeted expectations. The Poarch Band of Creek Indians in Alabama came forward l...

Mid-year Delaware online gambling numbers mixed; Lower 2Q

Kim M

July 21, 2015

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Poker, Licensed online casinos in USA, Delaware, Online Gambling News

The state of Delaware, one of the few states that offer legalized online gambling, has experienced a two month decline in revenue for the three locations in the state where regulated online poker is legal. Harr...

Caesars new CEO Mark Frissora’s blamed for accounting failures at Hertz

Renee Kingsley

July 21, 2015

U.S.A., Las Vegas, Gaming Industry News, Economy/Finance, Employment & Careers, Conspiracy, Fines, Lawsuits & Litigation

Mark Frissora holds an impressive resume and that was one of the reasons why he was hired to be the new chief executive officer at Caesars Entertainment Corp. Frissora’s past includes being the chief executive ...

34 gambling establishments apply for South Korea casino licenses

Renee Kingsley

July 20, 2015

Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, South Korea

The Asian gaming boom continues even as revenues shrink in flagship Macau. Seeing massive tax possibilities and tourism benefits, coupled with an exodus of VIPs from Macau, several Asian countries including Vie...

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Renee Kingsley

July 20, 2015

Gaming Law & Legislation, Casino News, Casino openings, Gaming Industry News, Casino project updates, Bahamas, Economy/Finance, Caribbean Casino News, Bankruptcy, Fines, Lawsuits & Litigation

When Sarkis Izmirlian proposed to set up a mega resort in the Bahamas, the country opened its doors as the $3.5 billion resort was expected to boost tourism, bring in significant revenue and provide employment ...

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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

Mohegan Sun posts 3Q profit on cost-cutting and increased visitors

Illinois cities won’t earn casino tax shares until state budget is set

Atlanta Mayor; “fiscally irresponsible” to not consider casino for Turner Field

Tribal casinos up for fifth straight year, according to NIGC

Galaxy to take stake in Monaco casino operator

Hilton forced to shutdown Puerto Rico hotel casino due to the country’s economic crisis

Alabama Governor says Poarch Creek Indians have not made a $250 million offer

Caesars new CEO Mark Frissora’s blamed for accounting failures at Hertz

34 gambling establishments apply for South Korea casino licenses

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Bally’s $300M Star Investment at Risk Over AUSTRAC Penalty

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

Evolution Expands into Rhode Island Through Bally’s Casino Deal

The Venetian Resort Settles EEOC Religious Discrimination Lawsuit

MLB Probes Guardians Pitcher Luis Ortiz Over Betting Concerns