Economy/Finance

Altostratus Limited Reveals New Plans to Relocate Its Isle of Man Casino

Vanja Mitic
Isle of man, Latest Casino and Gambling News, Casino Destinations, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships
Altostratus Limited, one of the leading companies in the Isle of Man, revealed its updated plans for building a new casino in Douglas. The much-needed Douglas casino: The total worth of the casino will be...

Growing New York’s Mobile Betting Generates $727 Million in Tax Revenues in Fiscal Year 2022-2023

Radosav Milutinovic
Casino News, Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Lottery, Licensed online casinos in USA, Sports betting, Online Gambling News, New York
Online sports betting operations are rapidly growing in the state of New York to funnel a rising level of tax revenues and simultaneously record the increased number of problem gaming cases. As reported, online...

AGA Survey Finds That Gaming Industry Annually Contributes $329 Billion to U.S. Economy

Radosav Milutinovic
U.S.A., Las Vegas, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Unlicensed Operation, Taxation, Online Gambling News, Labor Relations, Nevada, New Jersey
The latest study for the American Gaming Association (AGA) shows that the casino gaming industry annually generates almost $329 billion in economic activity to significantly contribute to the U.S. economy. Acco...

Macau’s Revenue Reaches Almost $825 Million During National Festive Week

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News
Thanks to the national Golden Week celebrations, Macau gaming industry reportedly generated gross revenue of around MOP6.65 billion (US$824.5 million) for the first eight days of October. The festive week celeb...

Romania Issues Draft Emergency Ordinance To Introduce Changes In Gambling Industry

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, Licensing, Taxes, Romania
New measures offiicially adopted on October 5 via the Emergency Ordinance (GEO) that external advertising will be restricted to 35 square meters and that casinos can no longer use rewards to attract players, sh...

MGM Resorts Refuses to Pay Ransom Money To Hackers To Align With FBI Guidance

Radosav Milutinovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Hacking, Gaming Industry News, Economy/Finance, Data Protection, Licensed online casinos in USA, Online Gambling News, Crime
MGM Resorts International reportedly refused to pay ransom money demanded by hackers after the cyberattack detected on September 10. As reported, the company followed the suggestions of the Federal Bureau of In...
acquisition

Golden Matrix Makes the Next Step in MeridianBet Group Acquisition

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships
Golden Matrix Group, Inc., one of the leading companies in the iGaming industry, released some updates related to the recent acquisition of the leading Southeast European B2C company, MeridianBet Group.  The...
richmond

Urban One which Is Included in the New Richmond Casino Project Goes Through Financial Reporting Irregularities

Vanja Mitic
Virginia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Press Releases
The voters for Richmond haven't decided yet if they want a new casino. However, the new events stole the spotlight when one of the companies included in this major project came under suspicion for financial rep...
detroit

Detroit Casino Workers Unions Vote in Favor of the Authorization of the Strike, Demanding Salary Increases

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Unsavory reports, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, Michigan
The casino workers from Detroit keep trying to improve the work conditions, and the next step is the strike. The Detroit Casino Council (DCC) confirmed that the union members voted in favor of the strike if it ...

Super Typhoon Causes Macau’s GGR To Drop 13.2% In September

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
Last month, September, Macau's gross gaming income (GGR) fell 13.2% month-after-month to MOP14.94 billion, which is approximately US$1.85 billion, the Gaming Inspection and Coordination Bureau, the Macau's loca...

Far East Consortium International Ltd. Receives Approval To Spin-Off And List Palasino Holdings

Marija Malenovic
Casino News, Latest Casino and Gambling News, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Czech Republic, European Casino News, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Licensing
Far East Consortium International Ltd. (FEC), a flagship global real estate developer based in Hong Kong, revealed that it has got validation from the Hong Kong Stock Exchange to continue with the spin-off of P...

New Jersey Supreme Court To Judge On Insurance Exclusions Related To COVID-19

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey
The New Jersey Supreme Court is contemplating if Atlantic City Casino could receive business interruption insurance payments for losses that it suffered throughout the pandemic period, possibly offering guidanc...

Macau’s GGR For First 24 Days Of September At MOP12 Billion

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, New Hotels, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau
During the first 24 days of September this year, Macau’s gross gaming income (GGR) was calculated to be roughly MOP12 billion, which is approximately $1.49 billion, with MOP500 million, which is roughly $62.1 m...