Economy/Finance

Petersburg City Council Votes Cordish to Develop Casino Complex

Marija Malenovic
Virginia, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Licensing
After a members-only meeting that lasted over an hour and a half, the Petersburg City Council, VA, suddenly voted unanimously on April 24 to select Cordish Companies, the company with headquarters in Baltimore,...

PAGCOR’s Gaming Revenue Hits All-Time High in Q1 2024

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) revealed on April 28 that it managed to hit an all-time record in gaming revenue of Php25.24bln, roughly US$437m, for the 3-month period leading to March 31 of...

Nevada Gaming Income Down in March; First Drop in 8 Months

Marija Malenovic
Las Vegas, Casino News, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Nevada
According to profit data released by the Nevada Gaming Control Board (NGCB) on April 25, gaming earnings collected by the state has seen a drop over the past month. In addition, the drop occurred for the 1st ti...

Malaysia Explores Possibility of Issuing 2nd Casino License for Forest City Project; Possible Negative Effects for Marina Bay Sands and Genting Group

Marija Malenovic
Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Asian Casino News, Malaysia, Licensing, Singapore
Anwar Ibrahim, the Prime Minister of Malaysia, has reportedly met up with 2 of Malaysian's top business leaders, including Lim Kok Thay, CEO of Genting Malaysia Bhd, to talk about the chance of issuing a 2nd ca...

Operator of Hollywood Casino at Meadows Pays $10,000 Fine for Breaching Problem Gaming Rules

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Illegal Bookmaking, Fines, Lawsuits & Litigation, Pennsylvania
The Pennsylvania Gaming Control Board has imposed a $10,000 fine on gambling operator Washington Trotting Association over problem gambling breach allegations. As CBS News reports, the Board has introduced the ...

Michigan Tribal Casino Payments Decreased for Second Consecutive Year

Radosav Milutinovic
Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxes, Financial Press Releases, Michigan
The Michigan Gaming Control Board has released the data on payments made by the state's tribal casinos to local entities in 2023. As reported, gaming payments made by 23 tribal casinos in the state have decline...

Saracen Casino Seeks Regulatory Amendment to Launch iGaming in Arkansas

Radosav Milutinovic
Arkansas, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, Online gambling regulation, Gaming Industry News, Online Poker, Economy/Finance, Mobile gaming, Licenses, Horse Racing, Taxation, Online Gambling News, Sports betting
After the 2022 legalization of online sports betting in Arkansas had already resulted in significant revenue figures, Saracen Casino Resort in Pine Bluff is seeking regulatory approval to launch an iGaming ...

Pennsylvania Hits Record $554.6m Gaming Income in March 2024

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Financial Press Releases, Pennsylvania
Pennsylvania managed to reach $554.6m in income collected from all types of gambling in March, representing a 7.6% increase over the previous year, according to figures released on April 17 by the Pennsylvania ...

Northeastern US Casinos Rattled by Online Wagering, Smoking and Upcoming NY Rivalry Concerns

Marija Malenovic
Casino News, Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Conferences / Trade Shows, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, New Jersey, New York
Casinos in the Northeast U.S. are currently facing a large number of problems as they prepare for the emergence of fresh rivals in NY City. Among those problems are the loss of business from illegal online oper...