Economy/Finance

Tabcorp Secures 20-year Victorian Betting And Wagering License After Lengthy Bidding War

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Oceania Casino News, Licensing
Shares in Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, were on their way for the "best day ever" on December 18, following an event in...

Sports Wagering And Internet Gambling Hit New Record Levels In New Jersey In November

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Horse Racing, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Financial Press Releases, New Jersey
Sports wagering and internet gambling hit new record levels last month in New Jersey. The primary reason for this is the constant evolution and decreasing dependence on brick-and-mortar casinos of the regulated...

DraftKings Accepted Out-Of-State Deposits to Allegedly Break Law in Massachusetts

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Massachusetts
A leading US sports wagering operator, DraftKings has allegedly committed the violation of a Massachusetts state law governing the use of credit cards for placing bets with operators across the state. The Massa...

Cordish Breaks Ground for the $270 Million Live! Casino Development in Bossier, Louisiana

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, Casino project updates, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Louisiana
After one of the America’s leading development firms, The Cordish Companies, secured  an unanimous approval in October 2023 from the Louisiana Gaming Control Board to officially become a licensed casino operato...

IMPERIAL Pacific International Files a Complaint Against Commonwealth Casino Commission Because of the Regulatory Fees

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Northern Mariana Islands
IMPERIAL Pacific International (IPI) decided to sue the Commonwealth Casino Commission (CCC) at Northern Mariana Islands, and the civil complaint was filed in federal court. The reason behind this lies in the c...

Stake.com’s Owners Ed Craven and Bijan Tehrani Reportedly Acquire PointsBet Stakes

Vanja Mitic
Cryptocurrency, Latest Casino and Gambling News, Australia, Online gaming software, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Bitcoin accepting properties, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships
According to the Australian media, PointsBet’s stakes were allegedly acquired by Ed Craven, a co-founder of Stake.com, and Bijan Tehrani, his business partner.  The secret deal: The undisclosed investment...

Osaka Expo’s Problems Strain City’s IR Construction Progress

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino proposals, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Asian Casino News, Mergers, Acquisitions & Partnerships
Work on ground preparation has now officially started for the planned Osaka’s integrated resort (IR) which is slated to be cited right beside the Osaka’s expo site. However, this step forward is masked by issue...

NSW Regulator Imposes Six-Month Deadline to Star Sydney to Regain Casino License

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation
The NSW Independent Casino Commission (NICC) imposed a new six-month deadline to the Australian casino giant Star Entertainment to regain the gambling license for its gaming operations in Sydney. Otherwise, the...

Macau Gaming Shares Are Trading at Their Lowest Levels In December Since Prior To January 8 Reopening

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau
Industry analysts stay puzzled by the descending trajectory of gaming shares in Macau, which this month, or December, officially fell to their worst levels so far in 2023. In addition, neither the income nor th...

Paradise Co Reached US$34 Million In Revenues in February 2023 to Nearly Double 2022 Figures

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea
Paradise Co Ltd, one of the leading South Korean casino operators, recently filed a financial report to the Korea Exchange (KRX) to confirm that the casino generated more than KRW44.67 billion (US$34.0 million)...