Economy/Finance | World Casino News

Land & Buildings LLC gives up on push for MGM board seats

May 21, 2015

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Nevada

MGM Resorts International is one of the biggest casino operators in the world and has built a strong reputation in the market for delivering consistent results. Land & Buildings Investment Management LLC ba...

Okada’s Universal sells entire Manila land stake to local firm

Lars Jones

May 20, 2015

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

According to a filing with the Japanese Stock Exchange, Universal Entertainment Corp has sold it's entire 40% stake in Eagle II Holdco Inc, to Filipino firm All Seasons Hotels & Resorts Corp for $2.9 millio...

Sun City opens junket rooms in Philippines–Macau policies may be reason

Sam Mitchell

May 18, 2015

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

Sun City is currently the largest junket in Macau with a historic share of the lucrative market in the 25-30% range. They recently began expanding operations in the Philippines. Analysts are worried that this m...

STDM Portugal losses increase 95%

Sam Mitchell

May 18, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Portugal

Last week Sociedade de Turismo e Diversões de Macau (STDM) saw losses in Portugal increase by 95%. This has been put down to the heavy taxes on gaming and declining revenues. The business founded by Stanley Ho ...

Genting Singapore first quarter profits tumble 64%

Sam Mitchell

May 15, 2015

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

On the 15th May 2015, the first quarter profits for Genting Singapore have dropped 64% as VIP gaming declined and mass market gaming has not increased. The company currently doesn't see the end of the tunnel fo...

Gaming revenue dips; Macau govt surplus down 54.8%

Sam Mitchell

May 14, 2015

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

On May 13th 2015, according to the city’s Financial Service Bureau, the surplus for the government of Macau has gone down by 54.8% to MOP20.9 billion for year on year in the last four months to April 30th. I...

Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers

Renee Kingsley

May 14, 2015

Economy/Finance, Macau

Beijing's anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP gamblers have decided to stop frequenting Macau's casinos and instead take their...

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Land & Buildings LLC gives up on push for MGM board seats

Okada’s Universal sells entire Manila land stake to local firm

Sun City opens junket rooms in Philippines–Macau policies may be reason

STDM Portugal losses increase 95%

Genting Singapore first quarter profits tumble 64%

Gaming revenue dips; Macau govt surplus down 54.8%

Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers

Light & Wonder Stock Climbs 10% After Court Limits Disclosures in Aristocrat Trade Secrets Case

IGT Will Continue to Monopolize Rhode Island’s Online Sports Betting Market Until 2026, At Least

Polymarket Nears $200 Million Round, Boosting Valuation to $1 Billion

Relax Gaming’s Groovy Knights Dream Drop Is A Funky Spin on the Classic Jackpot Slot

Hacksaw AB Makes Debut on Nasdaq Stockholm After Successful IPO