Economy/Finance | World Casino News

Tax Relief for Star Entertainment Amidst Opening of $3.6 Billion Queen’s Wharf Precinct

September 4, 2024

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation

Just days after the grand unveiling of the $3.6 billion Queen's Wharf precinct, Star Entertainment is seeking urgent financial relief to keep the expansive project operational. The Queensland government is curr...

Macau Streamlines FX Operations in Casinos for Enhanced Efficiency

Vanja Mitic

September 3, 2024

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

In an effort to streamline operations and improve administrative efficiency, Macau's financial regulator has introduced a series of updates to the authorization process for foreign exchange (FX) services within...

Macau’s Casino Revenue Surges in August, Edging Closer to Pre-Pandemic Figures

Vanja Mitic

September 2, 2024

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

In a significant rebound for the gaming industry, Macau's casinos have reported an impressive increase in gross gaming revenues (GGR) for August. The Gaming Inspection and Coordination Bureau (DICJ) provided fi...

Star Entertainment’s Trading Suspension Amid Financial Delays and Regulatory Concerns

Johnny K.

September 2, 2024

Gaming Law & Legislation, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation

Shares of Star Entertainment Group have been temporarily suspended from trading on the Australian Securities Exchange (ASX) as the company failed to meet the deadline for submitting its annual financial results...

Grand Korea Leisure Reports Stellar Casino Revenue Growth in August; Up 114.7% From July

Vanja Mitic

September 2, 2024

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Financial Press Releases, South Korea

Grand Korea Leisure Co Ltd (GKL), a prominent operator of casinos designated for foreigners in South Korea, has experienced a significant uptick in its casino revenue figures for August. In a September 2 filing...

Star Entertainment Faces Uncertain Future Amid Continued Scrutiny

Johnny K.

August 31, 2024

Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation

Star Entertainment's future in Sydney remains uncertain as it grapples with severe critiques from consecutive investigations revealing a culture resistant to necessary ethical reforms. The New South Wales Indep...

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Vanja Mitic

August 30, 2024

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

SJM Holdings, a casino operator from Macau, has witnessed a substantial enhancement in its operational outcomes, primarily due to cost reductions in its satellite casinos and significant upgrades across its maj...

Las Vegas Strip Leads July Gaming Revenue Decline as Nevada Dips 15%

Vanja Mitic

August 29, 2024

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

July 2024 witnessed a 15% decrease in gaming win on the Las Vegas Strip, marking the first state-wide decline in gaming revenue in four months, as reported by the Nevada Gaming Control Board on Wednesday, Augus...

Shin Hwa World Mitigates Losses with Strategic Revenue Growth in H1 2024

Vanja Mitic

August 29, 2024

Latest Casino and Gambling News, Casino Destinations, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

In a robust turn of financial strategy, Shin Hwa World, a major integrated resort operator based in South Korea, has effectively mitigated its losses for the first half of 2024 by nearly 32%. This financial imp...

Sands China Leads in Macau’s Gaming Market for Q2

Vanja Mitic

August 28, 2024

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

Sands China Ltd emerged as a leader in Macau’s casino industry for the second quarter, leading in mass-market and VIP gross gaming revenue (GGR) as well as hold-adjusted earnings before interest, taxation, depr...

U.S. Gambling Sector Hits $39.9B in H1 2024, $29.1B from Illegal Operations

Vanja Mitic

August 28, 2024

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

The U.S. gambling sector has displayed remarkable financial performance in the first half of 2024, reaching a gross gaming revenue (GGR) of $39.9 billion, according to a recent report exclusively shared with iG...

NagaCorp’s Financial Hurdles: Impairment Losses Overshadow Revenue Growth

Johnny K.

August 28, 2024

Casino News, Latest Casino and Gambling News, Cambodia, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Russia

NagaCorp, the prominent Cambodian gaming operator, has experienced a significant financial turnaround, reporting a slight loss of $963,000 for the first half of 2024. This marks a stark contrast from the $82.97...

DraftKings Emerges as a Top Pick for NFL Season Investing

Johnny K.

August 28, 2024

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

As the NFL season gears up, the spotlight turns not just on the games but also on investment opportunities in gambling-related stocks. DraftKings, a prominent player in the online gambling arena, has particular...

Georgian Court Rules in Favor of Aviator LLC in Landmark Trademark and Copyright Infringement Case

Vanja Mitic

August 27, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Georgia-Eurasia, Fines, Lawsuits & Litigation

On August 20, 2024, the Court of First Instance in Georgia delivered a significant ruling in favor of Aviator LLC, a company involved in the gambling services sector. The court upheld Aviator LLC’s claims of tr...

Philippine Supreme Court Orders PAGCOR to Pay 30 Years of Dues to Sports Commission

Vanja Mitic

August 27, 2024

Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines

In a landmark decision, the Philippine Supreme Court has ordered the Philippine Amusement and Gaming Corporation (PAGCOR) to remit 30 years' worth of payments to the Philippine Sports Commission. This ruling, m...

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Tax Relief for Star Entertainment Amidst Opening of $3.6 Billion Queen’s Wharf Precinct

Macau Streamlines FX Operations in Casinos for Enhanced Efficiency

Macau’s Casino Revenue Surges in August, Edging Closer to Pre-Pandemic Figures

Star Entertainment’s Trading Suspension Amid Financial Delays and Regulatory Concerns

Grand Korea Leisure Reports Stellar Casino Revenue Growth in August; Up 114.7% From July

Star Entertainment Faces Uncertain Future Amid Continued Scrutiny

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Las Vegas Strip Leads July Gaming Revenue Decline as Nevada Dips 15%

Shin Hwa World Mitigates Losses with Strategic Revenue Growth in H1 2024

Sands China Leads in Macau’s Gaming Market for Q2

U.S. Gambling Sector Hits $39.9B in H1 2024, $29.1B from Illegal Operations

NagaCorp’s Financial Hurdles: Impairment Losses Overshadow Revenue Growth

DraftKings Emerges as a Top Pick for NFL Season Investing

Georgian Court Rules in Favor of Aviator LLC in Landmark Trademark and Copyright Infringement Case

Philippine Supreme Court Orders PAGCOR to Pay 30 Years of Dues to Sports Commission

Chinese Underground Banking Networks Fuel Global Criminal Finance

New York Sportsbooks Maintain Strong July With Third Month Above 11% Hold

FireLake Casino and Hotel Debut Brings New Era for CPN

California Tribes Contest Court Decision on Cardroom Banked Games

Peoria Presses Boyd Gaming to Build Casino in City or Sell License