Economy/Finance | World Casino News

MGM China Rewards Staff with Bonuses Amid 2024 Milestones

December 31, 2024

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

MGM China Holdings Limited has announced a discretionary bonus equivalent to one month’s salary for 95% of its workforce, recognizing their dedication throughout 2024. Set to be distributed in two phases around...

Sydney University Criticized for Gambling Industry Investments

Johnny K.

December 28, 2024

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Oceania Casino News

The University of Sydney has come under scrutiny for its financial ties to the gambling industry, including investments in major companies such as Aristocrat and Entain. These companies have also funded academi...

SJM Resorts Announces One-Month Employee Bonus for January 2025 Amid Anticipation for Salary Updates

Vanja Mitic

December 26, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Financial Press Releases

Macau gaming operator SJM Resorts has announced a “special discretionary bonus” for its employees, equivalent to one month’s salary. This bonus will be distributed on January 20, 2025, signaling the start of th...

Irish Gambling Regulator Advocates Bank Gambling Block Measures

Vanja Mitic

December 25, 2024

Ireland, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News

Ireland’s Gambling Regulatory Authority (GRAI) is working closely with major banks to implement voluntary blocks on gambling-related transactions made with credit and debit cards. This initiative is part of a b...

DraftKings Sued Over Account Closures and Withheld Funds

Vanja Mitic

December 25, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud, Massachusetts, Texas

DraftKings Inc., a major player in online sports betting, is under fire following the filing of a class action lawsuit on December 23, 2024. The suit, brought by Texas resident Eric Avila, accuses the company o...

Winna.com Secures $15M to Lead Crypto Casino Innovation

Johnny K.

December 25, 2024

Cryptocurrency, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Bitcoin accepting properties, Sports betting, Online Gambling News

Winna.com, a crypto-focused gaming platform, has successfully raised $15 million in a seed funding round. This substantial investment aims to support the platform's ambitious growth plans and enhance its offeri...

Betfred Faces Challenges as It Scales Back U.S. Operations, Exiting Multiple States

Vanja Mitic

December 24, 2024

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting

Betfred, a leading British sportsbook, is scaling back its operations in the United States, further reducing its footprint as the challenges for smaller betting operators intensify. Recent closures include the ...

U.S. Gaming Industry Hits Record $67B Revenue, Eyes Growth in 2025

Vanja Mitic

December 24, 2024

Latest Casino and Gambling News, U.S.A., North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases

The American Gaming Association (AGA) has reported unprecedented achievements for the U.S. commercial gaming sector in 2024, positioning the industry for further expansion in 2025. Total revenue is projected to...

JPMorgan Ends Stake in Star Entertainment Amid Ongoing Turmoil

Johnny K.

December 23, 2024

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Mergers, Acquisitions & Partnerships

JPMorgan Chase has divested its stake in Star Entertainment, an Australian casino group grappling with mounting regulatory, operational, and financial difficulties. The gaming company’s recent exchange filing c...

Arizona Tribes Contribute Over $42.5M in Gaming Funds for Q2 FY2025

Johnny K.

December 23, 2024

Tribal Gaming, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Arizona, Gaming Industry News, Economy/Finance, Financial Press Releases

Arizona's tribal gaming sector continues its strong performance, with the Arizona Department of Gaming (ADG) reporting (pdf) $42,508,200 in contributions to the Arizona Benefits Fund for the second quarter of f...

Massachusetts Casinos and Sports Betting Generate Over $181 Million in November

Vanja Mitic

December 23, 2024

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Financial Press Releases, Massachusetts

Massachusetts casinos and sports betting operations combined for a significant financial milestone in November 2024, generating over $181 million in revenue. The Massachusetts Gaming Commission's latest report ...

Macau Records Over 312,000 Visitors During SAR Anniversary Weekend

Vanja Mitic

December 23, 2024

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

Macau experienced a tourism surge over the three-day holiday weekend from December 20 to 22, 2024, with 312,035 visitors entering the city, according to data released by the Public Security Police. The mileston...

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Vanja Mitic

December 20, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

Macau has set an ambitious financial target for 2025, projecting MOP240 billion in gross gaming revenue (GGR), signaling a strong recovery in its gaming and tourism industries. The forecast surpasses the MOP216...

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Vanja Mitic

December 20, 2024

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Gaming Industry News, Money Laundering, Economy/Finance, Illegal Bookmaking, Employment & Careers, Crime, Fines, Lawsuits & Litigation, Nevada

In a rare move, the Nevada Gaming Commission revoked the gaming license of former MGM Grand and Resorts World Las Vegas executive Scott Sibella, concluding a highly publicized investigation into his role in com...

Connecticut Sets New Record With $30.3M in Sports Betting Revenue for November

Vanja Mitic

December 20, 2024

Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Connecticut, Online Gambling News, Sports betting, Financial Press Releases

In a major achievement for its sports betting industry, Connecticut set a record in November 2024, earning $30.3 million in sports betting revenue. The Department of Consumer Protection (DCP) announced this mil...

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MGM China Rewards Staff with Bonuses Amid 2024 Milestones

Sydney University Criticized for Gambling Industry Investments

SJM Resorts Announces One-Month Employee Bonus for January 2025 Amid Anticipation for Salary Updates

Irish Gambling Regulator Advocates Bank Gambling Block Measures

DraftKings Sued Over Account Closures and Withheld Funds

Winna.com Secures $15M to Lead Crypto Casino Innovation

Betfred Faces Challenges as It Scales Back U.S. Operations, Exiting Multiple States

U.S. Gaming Industry Hits Record $67B Revenue, Eyes Growth in 2025

JPMorgan Ends Stake in Star Entertainment Amid Ongoing Turmoil

Arizona Tribes Contribute Over $42.5M in Gaming Funds for Q2 FY2025

Massachusetts Casinos and Sports Betting Generate Over $181 Million in November

Macau Records Over 312,000 Visitors During SAR Anniversary Weekend

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Connecticut Sets New Record With $30.3M in Sports Betting Revenue for November

Estonia Aims for Gambling Growth with Lower Taxes

Crypto.com and Robinhood Expand Prediction Markets to Pop Culture

NCAA Presses Kalshi Over Integrity, Branding, and Prop Bets

Genting Bhd’s Takeover of Genting Malaysia Set to Proceed

U.S. Casino Industry Faces Heavy Losses as Shutdown Continues