Galaxy profits fall 66% on turndown and poor luck Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau August 20, 2015 0Galaxy Entertainment Group reported a dramatic fall of revenues by 66% in the first half of 2015. The Macau casino...
SLS Las Vegas suffers net loss of $48.6 million in second quarter of 2015 Alex Lanter Latest Casino and Gambling NewsU.S.A.Economy/FinanceNevada August 19, 2015 0The SLS Las Vegas reported a net loss of more than $48.6 million in the second quarter of 2015. According...
Plainridge Park Casino generated revenue of more than $18 million in its first month Alex Lanter Latest Casino and Gambling NewsU.S.A.World Casino NewsEconomy/FinanceMassachusetts August 18, 2015 0Plainridge Park Casino in Plainville, Massachusetts generated more than $18 million in gaming revenue in its first month of operation....
Billionaire James Packer’s Crown credit profile under pressure D. Graham Latest Casino and Gambling NewsAustraliaCasino NewsWorld Casino NewsNorth America Casino NewsGaming Industry NewsCasino project updatesEconomy/FinanceMacauNevada August 18, 2015 0Between the recent increase in cost to insure Crown Resort’s notes, rising net debt, widening spread of credit default swaps,...
Atlantic City casinos’ revenue for July goes up for 8.1%; Taj Mahal the only loser Alex Lanter Latest Casino and Gambling NewsU.S.A.Economy/FinanceNew Jersey August 14, 2015 0The revenue of Atlantic City’s eight surviving casinos rose by 8.1% in July, compared with the same month last year....
Aspers Swansea Casino considers reopening Kim M Latest Casino and Gambling NewsCasino NewsWorld Casino NewsCasino openingsCasino closuresEconomy/FinanceUnited Kingdom August 14, 2015 0The £13 million (US21.1198 million) South West Wales Aspers Swansea Casino is considering reopening after closing its doors in 2012....
Cambodian casino operator NagaCorp reports net profit growth of 49% Alex Lanter Latest Casino and Gambling NewsCambodiaEconomy/FinanceAsian Casino News August 13, 2015 0As Macau casinos are showing continuous drop of revenue, Australian and Cambodian casinos don’t seem to have the same problem....
Macau casino operator SJM Holdings profit falls more than half Alex Lanter Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau August 13, 2015 0Macau casino operator SJM Holdings reported huge losses of more than 50% year-on-year in the first half of 2015. The...
Studio City default contingency plan based on table allocations Lars Jones Casino project updatesEconomy/FinanceLicensesMacau August 12, 2015 0In April it was widely reported that Melco Crown Entertainment (60% owner of Studio City International Holdings Ltd) could find...
Echo Entertainment Group profit grows more than 50% thanks to Asian VIPs Alex Lanter Latest Casino and Gambling NewsAustraliaEconomy/FinanceOceania Casino News August 12, 2015 0Macau has witnessed a drop in VIP clientele that resulted in significant decline in revenue. However, the Macau struggle has...
Increased lottery proceeds helps revenue top $1 billion in Maryland Kim M Latest Casino and Gambling NewsCasino openingsCasino project updatesEconomy/FinanceFinancial Press ReleasesMaryland August 10, 2015 0Topping the $1 billion mark for first time, state officials in Maryland attributed the 2.2 increase from last year to...
Stagnant gaming business means layoffs for City Of Dreams Manila Kim M Latest Casino and Gambling NewsWorld Casino NewsEconomy/FinanceMacauPhilippines August 10, 2015 0After celebrating the “Grand Launch” of its new integrated casino resort in February of this year, the $1.3 billion City...
First-ever profit reported by The Cosmopolitan in Las Vegas Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceNevada August 10, 2015 0The Cosmopolitan hotel and casino, located on the Las Vegas Strip, was first opened in 2010. The casino had yet...
Lottery terminals in Puerto Rico threaten tourism industry according to association Lars Jones Gaming Law & LegislationCasino closuresEconomy/FinanceLotteryUnlicensed OperationFines, Lawsuits & LitigationPuerto Rico August 8, 2015 0The Puerto Rican economy is in deep trouble with a public debt of $72 billion and the government is scrambling...
Genting Singapore sees sharp decline in net profits Alex Lanter Latest Casino and Gambling NewsWorld Casino NewsEconomy/FinanceAsian Casino NewsSingapore August 7, 2015 0Genting Singapore Plc experienced the biggest fall in net profits in the past six years recently, with shares plunging more...