Economy/Finance | World Casino News

AGA responds to Pennsylvania Govenor Tom Wolf’s new casino tax proposal

February 25, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Taxation, Pennsylvania

Pennsylvania Governor Tom Wolf has proposed a tax on casinos to bring in revenues and help the state's ailing budget. The American Gaming Association (AGA) does not agree with the proposal and let the governor ...

Atlantic City mayor rejects idea of state intervention; Proposes alternative

Kim M

February 23, 2016

Latest Casino and Gambling News, Economy/Finance, New Jersey

On Monday, the mayor of the resort city on New Jersey's Atlantic coast known for its casinos, iconic Boardwalk, and wide beaches, did not mince words as he stood outside of City Hall and spoke about a proposed ...

New legislation seeks to revise 2013 deal with Oneida Nation

Kim M

February 23, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, New York

A proposed revision to the 2013 Oneida Settlement Agreement (pdf), which would mean more money for Madison County, New York, has leaders of Madison counties and Oneida feuding. If the bill is successful, Mad...

Adelson confident that Parisian will follow Venetian Macao’s success

Alex Lanter

February 23, 2016

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

Sheldon Adelson, chairman and chief executive of well established Macau operator Sands China Ltd, expressed confidence that the company’s latest project in the hub would be as successful as its sister facility ...

Sands China reports a 43% drop in 2015 net profit

Alex Lanter

February 22, 2016

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

Well established Macau casino operator Sands China Limited revealed a 43% drop in net profit for 2015. The report wasn’t received with much surprise taken into account the overall market slowdown that struck th...

North New Jersey proposed casinos could be successful; may harm older casinos in other states

Sadonna Price

February 22, 2016

Latest Casino and Gambling News, Casino proposals, Economy/Finance, New Jersey

Officials of the gambling industry and gaming analysts are predicting that if New Jersey is able to set up two new casinos in the northern portion of the state, they will be successful. The casinos could actual...

Gulf casino’s January revenue up 15 percent

Kim M

February 21, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Mississippi

Mississippi's Gulf Coast casino’s January revenue of $100.5 million, which is a $13 million increase over the $87.3 million posted for the same period last year, means a 15 percent increase for the region’s cas...

Market uncertainty causes MGM Resorts to delay Cotai opening

Kim M

February 20, 2016

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

On Thursday MGM Resorts International said that due to the struggling casino business in Macau and the planned openings in the region of other multi-billion dollar resorts, it would delay the opening of its $3 ...

Resorts World Sentosa lays off casino employees

Sadonna Price

February 19, 2016

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

During the period of Chinese New Year, Resorts World Sentosa decided to lay off as many as 30 employees. In Singapore, the casino decided to cut several staff members including cashiers on the gaming floor as w...

New Jersey lawmakers announce ‘intervention’ of Atlantic City

Sadonna Price

February 18, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, New Jersey

Lawmakers in the state of New Jersey have been trying for months now to figure out a way to assist Atlantic City, as the former booming gambling town has been struggling to remain afloat, almost in bankruptcy. ...

Michigan State earns $21.9 million from FireKeepers Casino in revenue-sharing payments

Kim M

February 18, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Financial Press Releases, Michigan

In 2015, the state of Michigan and area municipalities received $21.9 million in revenue-sharing payments from the FireKeepers Casino Hotel. That’s a 7.8 percent increase for the year totaling $16.6 million ...

Casinos in Montana flourish in highly competitive market

Kim M

February 17, 2016

Latest Casino and Gambling News, Casino proposals, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Montana

The building of a new Town Pump Casino in the Billings Heights has recently been approved by the Billings City Council; a nod that was met with groans online. More than 1,400 licensed gambling operations, wi...

Revenue increases at Plainridge casino in January

Kim M

February 17, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Massachusetts

January numbers are on the rise at Massachusetts first casino. Slot machines at Plainridge Park Casino pulled in $12.5 million in gross revenues in January, according to a report (pdf) on Tuesday from the Ma...

High-Rollers earn incredible wins at The Star Sydney

Sadonna Price

February 17, 2016

Latest Casino and Gambling News, Australia, Economy/Finance

During a six month time frame, The Star Casino in Sydney, Australia saw six VIP gamblers earn close to A$80 million, by playing baccarat and beating the house time after time. The high rollers would wager as mu...

Las Vegas authorized to receive special federal security funding to protect $53 billion casino industry

Renee Kingsley

February 16, 2016

Economy/Finance, Nevada

Las Vegas, Nevada officials have been pushing hard to get additional security due to the fact that the state’s multi-billion dollar casino industry could be a soft spot for an organized terrorist attack. The De...

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AGA responds to Pennsylvania Govenor Tom Wolf’s new casino tax proposal

Atlantic City mayor rejects idea of state intervention; Proposes alternative

New legislation seeks to revise 2013 deal with Oneida Nation

Adelson confident that Parisian will follow Venetian Macao’s success

Sands China reports a 43% drop in 2015 net profit

North New Jersey proposed casinos could be successful; may harm older casinos in other states

Gulf casino’s January revenue up 15 percent

Market uncertainty causes MGM Resorts to delay Cotai opening

Resorts World Sentosa lays off casino employees

New Jersey lawmakers announce ‘intervention’ of Atlantic City

Casinos in Montana flourish in highly competitive market

Revenue increases at Plainridge casino in January

High-Rollers earn incredible wins at The Star Sydney

Las Vegas authorized to receive special federal security funding to protect $53 billion casino industry

Ethiopia Orders Nationwide Shutdown of Sports Betting

Caesars Sportsbook Set to Enter Summerlin at Rampart Casino

Single-Action Betting Patents at Center of Penn Lawsuit

New York State Clears Path for Three New York City Casinos

Mohegan Moves Toward Full Financial Exit From INSPIRE