Economy/Finance

Crown Resorts Lays Off 180 of Its Employees and Reduces Working Hours in Crown Sydney

Vanja Mitic
Australia, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Unsavory reports, Casino project updates, Gaming Industry News, Economy/Finance, Employment & Careers
The renowned Crown Resorts is going through a challenging period, and some measures had to be taken. Since the foot traffic recently wasn’t how it used to be, the casino decided to reduce its operating hours. A...

Macau Government Collected $6.4 Billion In Gaming Tax Revenues in Ten Months of 2023

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Taxation, Asian Casino News, Financial Press Releases
Financial Services Bureau of the city of Macau released on 16 November 2023 the data on the financial impact of the Macau gaming industry on the governmental operations. According to the Bureau, the Macau gover...

US Commercial Casinos Generated $16.17 Billion From Gamblers In Q3 2023; Best Third Quarter Ever

Marija Malenovic
Washington D.C., Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Financial Press Releases
The third quarter of this year was the best-ever third quarter in the history of the US commercial gaming industry, taking in $16.17 billion, in compliance with numbers recently released by the American Gaming ...

Arizona Sports Betting Handle Reaches $610 Million in September 2023

Radosav Milutinovic
NFL, U.S.A., Latest Casino and Gambling News, World Casino News, Gaming Industry News, Arizona, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Financial Press Releases
Sports betting handle in Arizona amounted to more than $610 million in September 2023, according to a November 15 news release (pdf) from the Arizona Department of Gaming (ADG). The figure representing a 13.5 p...

Combined Income From Virginia’s 3 Casinos Reaches Almost $50M; HR Bristol Exceeds $215 Million Since Official Opening

Marija Malenovic
Virginia, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Financial Press Releases
It was recently reported that Bristol Casino: The Future Home Of Hard Rock, exceeded over $215 million in adjusted gaming income last month, aka October, approximately 16 months after officially opening its doo...

Division Gaming Enforcement Issues Fines for DraftKings, Rush Street, and Other New Jersey Casinos

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gaming software, Online gambling regulation, Unsavory reports, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Horse Racing, Online Gambling News, Sports betting, Crime, Fines, Lawsuits & Litigation, New Jersey
The New Jersey sportsbooks are going through a lot - including several penalties that were issued to two of them. Penalties for DraftKings and Rush Street Interactive: At the end of October, David Rebuck,...

SJM Holdings’ $53 Million Loss Offset By Booming Grand Lisboa Resort Operations

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, Reviews from the Cotai Strip, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
The acceleration of the Macau gaming industry seems to be compensating for the lows experienced during the pandemic. However, the past closures of gambling properties still impact SJM Holdings as the company re...

Queen’s Wharf Casino To Open Despite Incomplete Community Impact Study

Marija Malenovic
Casino News, Latest Casino and Gambling News, Australia, New Hotels, World Casino News, Casino openings, Casino project updates, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Oceania Casino News
The long-awaited Queen’s Wharf Brisbane complex is due to open in 2024, although the Palaszczuk government hasn't commissioned or finished an independent and full study about the impact on the community. Abs...

Genting Singapore Increases Profit By 60% and Invests $5 Billion In the Resorts World Sentosa Expansion

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Singapore
Casino operator Genting Singapore Ltd reports about the sustained recovery in the region as the company generated almost SGD690.0 million (US$507.1 million) in gross gaming revenues in the third quarter of 2023...

Melco Relaunches Studio City in Q1 2024 Following the Record Casino Performance

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, Casino expansion projects, World Casino News, Casino openings, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Asian Casino News
Lawrence Ho Yau Lung, chairman and chief executive of the casino operating group Melco Resorts & Entertainment Ltd announces that the group's Macau complex Studio City will be launched in the first quarter ...

Flutter Cuts Full-Year Revenue Prediction, Shares Fall

Marija Malenovic
Ireland, U.S.A., Horse Racing, Australia, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, European Casino News, Horse Racing, Online Gambling News, Sports betting, Financial Press Releases, New York
Flutter Entertainment, a global gambling and sports wagering firm, is predicting that recent favorable results will help that full-year income reach the bottom of its former prediction range, except for the new...

Tentative Contract Is Slowly Forming With Las Vegas Hospitality Employees Amidst Strike Threat, States MGM’s CEO

Marija Malenovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, Nevada
After a landmark agreement at dawn on November 8 between the Caesars Entertainment and Las Vegas hotel employees union, a tentative contract is slowly forming for the 20,000 hospitality employees at MGM Resorts...