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...
Massachusetts casinos will benefit horse racing tracks Kim M Latest Casino and Gambling NewsHorse RacingCasino openingsEconomy/FinanceMassachusetts August 4, 2015 0The horse racing industry in Massachusetts now has plenty of cash from casinos, the problem is, with the exception of...
Golden Entertainment’s Sartini to take measured approach to growth at Rocky Gap Casino Sam Mitchell Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMergers, Acquisitions & PartnershipsMaryland August 4, 2015 0On 3rd August 2015, it was reported that the new owner is no hurry to make changes at the Rocky...
Caesars reaches restructuring agreement with lenders Kim M Latest Casino and Gambling NewsEconomy/FinanceBankruptcyFines, Lawsuits & LitigationNevada August 3, 2015 0The corporation that filed for bankruptcy over six months ago, a major division of Caesars Entertainment Corporation, filed for bankruptcy,...
Arizona’s Q2 tribal gaming revenue increases, contributes $25.8 million toward state’s operating costs D. Graham Latest Casino and Gambling NewsTribal GamingU.S.A.Casino NewsWorld Casino NewsNorth America Casino NewsGaming Industry NewsCasino project updatesArizonaEconomy/Finance August 2, 2015 0For the fourth consecutive quarter, Arizona’s tribal gaming revenue, received from fifteen tribes operating twenty-three casinos, has increased over the...
Wynn net income drops; Shining light in future Kim M Latest Casino and Gambling NewsCasino NewsCasino project updatesEconomy/FinanceAsian Casino NewsMacau August 1, 2015 0According to analysts, although Wynn Resort’s second quarter numbers have taken a hit, the announcement of a solid opening date...
Amaya NYX deal for Cryptologic and Chartwell closes Lars Jones Latest Casino and Gambling NewsGame manufacturersEconomy/FinanceOntarioMergers, Acquisitions & PartnershipsNevada August 1, 2015 0Amaya Inc. has completed the sale of its online gaming platform to NYX Gaming. Amaya acquired Chartwell Technology Inc. and...
Mohegan Sun posts 3Q profit on cost-cutting and increased visitors Kim M Latest Casino and Gambling NewsEconomy/FinanceConnecticutFinancial Press ReleasesMassachusetts July 30, 2015 0The organization is optimistic after a strong profit report according to the tribal authority that owns and operates the Mohegan...
Illinois cities won’t earn casino tax shares until state budget is set Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceTaxationIllinois July 30, 2015 0A state spending plan has yet to be approved in the state of Illinois and this fact has now affected...