Economy/Finance

MGM China Hits $226 Million Record EBITDA; Exceeds 2019 Levels in Booming Macau Gambling Market

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
Macau gambling industry seems to have closed the page where pandemic impacted the business.  Eleven months after the January 8, 2023 re-opening of the casino facilities, the stakeholders are no longer referring...

Richmond Voters Reject A Proposed Casino Project For The Second Time

Marija Malenovic
Virginia, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, New Hotels, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Licensing
The do-over referendum for the Richmond casino project was unsuccessful at the ballot box by a much wider margin compared to the first casino referendum that was held two years ago, back in 2021. The primary re...

Gaming Innovation Group Strengthens Position in North America thorugh KaFe Rocks Acquisition

Vanja Mitic
Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Mergers, Acquisitions & Partnerships
Gaming Innovation Group Inc. (GiG) acquires KaFe Rocks Ltd. Two industry leaders signed a deal, and the popular affiliate company will become a part of the GiG. Expansion to North America: GiG Media is th...

GAN Enters Definitive Merger Agreement With Sega Sammy Creation

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Japan, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships
GAN Limited, a leading North American real money iGaming technology provider and a prominent sports betting operator has entered a definitive Merger Agreement with Sega Sammy Creation, a game development subsid...

Mark Cuban Shares His Desire For Casino-Centered Resorts In Texas

Marija Malenovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, New Hotels, Gaming Industry News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, Texas
At Chase’s Make Your Move Summit that occurred during the last week, Mark Cuban, the leader and owner of the Dallas Mavericks, expressed his wish for a casino-centered resorts to be located in Texas, according ...

Mets Owner Partners With Hard Rock For $8 Billion Casino Development Proposal in Queens

Radosav Milutinovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, New York
The withdrawal of the Vornado Realty Trust from the race for the last midtown New York casino license seems to have raised the spirit of the remaining four major potential bidders. One of them, New York Mets ow...

Better Collective Acquires Playmaker Capital For $188 Million

Marija Malenovic
Casino Sales, Denmark, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Canada, Gaming Industry News, Ontario, Economy/Finance, European Casino News, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships
Better Collective has officially purchased Playmaker Capital for an overall cost of €176 million (£153 million/$188 million). Additionally, the projected date of the official conclusion of the definitive purcha...

Dutch Court Rules That Two Online Casinos Refund EUR 217,000 to Gamblers

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Unlicensed Operation, Online Gambling News, Fines, Lawsuits & Litigation, Malta, Netherlands
A Dutch court has ordered two online casino operators to reimburse a total of EUR 217,000 to players having lost money with these gambling websites while online gambling was illegal in the Netherlands. Illeg...

Pagcor to Upgrade Casino Filipino As Country’s Gaming Revenues Head to Exceed the 2019 Record

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
Following the recent move to transform the state-run Philippine Amusement and Gaming Corp (Pagcor) into an exclusively regulatory entity, this governmental agency's chairman and chief executive Alejandro Tengco...

Georgian Prime Minister Raises Tax Rate For Gambling Businesses In Georgia To 15%

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, Taxation, Sports betting, Georgia-Eurasia, Licensing, Taxes
Georgian Prime Minister Irakli Gharibashvili has raised taxes on the gambling industry and reported that the level of gambling in the country is "catastrophic." Rise of the gambling turnover: During his b...

Crown Melbourne Casino Workers Announce Strike During the Busy Racing Season

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Horse Racing, Online Gambling News, Oceania Casino News, Labor Relations
After four months of negotiations for a better terms and conditions of labor agreement, around 3600 workers of the Crown Melbourne casino might reportedly resort to a protected strike action during the busies...

Lottomatica’s Vertical Acquires 100 percent of the SKS365’s Share Capital

Radosav Milutinovic
Latest Casino and Gambling News, Casino expansion projects, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, European Casino News, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Italy, Malta
Following the Italian lawmakers' announcements of the regulatory changes proposed to channel almost $1 billion of the illegal online gaming revenues to legal gambling operating streams, the major online gaming ...

Macau Experiences New Post-Covid Revenue High In October; GGR To Reach US$26.8bln Next Year

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
During October, the gaming industry in Macau continued to grow in terms of accumulated profits, with gross gaming profit (GGR) reaching a 30.9% increase compared to September's GGR of MOP$19.5 billion, which is...

Nevada’s Gaming Income For September Improved Thanks To Strong Performances Of The Strip And Clark County

Marija Malenovic
Las Vegas, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Licensing, Financial Press Releases, Nevada
During September, the Las Vegas Strip was able to generate impressive revenue as it increased the state's overall monthly gambling revenue, according to the Nevada Gaming Control Board (NGCB), Nevada's gaming r...

Vornado Withdraws From Midtown New York Casino License Race

Radosav Milutinovic
U.S.A., Casino Destinations, Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Online Gambling News, Licensing, Financial Press Releases, New York
Vornado Realty Trust, one of the leading New York developers, announced on 26 October 2023 that the company would step out from the race for a casino license in New York City. The developer's decision has repor...