Economy/Finance | World Casino News

Cambodia’s Casino Tax Revenue Jumps 85% in 2024 to $63.1 Million

January 9, 2025

Latest Casino and Gambling News, Cambodia, World Casino News, Economy/Finance, Taxation, Taxes, Financial Press Releases

Cambodia experienced an impressive boost in tax revenue from casinos and game-of-chance operators in 2024, collecting $63.1 million, an 85% rise compared to the previous year. This substantial increase, reporte...

Tipico Group Expands into Austria with Admiral Acquisition

Johnny K.

January 9, 2025

Austria, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Mergers, Acquisitions & Partnerships

NOVOMATIC AG, a global leader in gaming technology, has agreed to sell its 100% stake in ATLAS Group GmbH, the parent company of Admiral Austria, to Tipico Group. The deal, which remains subject to regulatory a...

Flutter Adjusts US Revenue Projections After NFL Betting Trends

Johnny K.

January 8, 2025

Latest Casino and Gambling News, U.S.A., NFL, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Fantasy Sports, Financial Press Releases

Flutter Entertainment, a global leader in sports betting and iGaming, has revised its US earnings expectations for 2024. The company attributes this adjustment to unprecedented outcomes in the NFL season, where...

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Vanja Mitic

January 8, 2025

Casino News, Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Casino closures, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The Clark Development Corporation (CDC) has issued a cease-and-desist order against Fontana Development Corporation (FDC) and Fontana Resort and Country Club Inc. (FRCCI), halting all operations of the Fontana ...

US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue

Vanja Mitic

January 8, 2025

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Online Gambling News, Financial Press Releases

For the third consecutive year, wagering on US horse racing has declined, with a total handle of $11.26 billion in 2024, representing a 3.35% drop from the previous year’s $11.65 billion. December marked the la...

Las Vegas Tourism Shows Mixed November Trends as Formula One Impact Wanes

Vanja Mitic

January 5, 2025

Latest Casino and Gambling News, Las Vegas, Casino Destinations, Gaming Industry News, Economy/Finance, Nevada

Las Vegas tourism in November 2024 reflected mixed outcomes, with overall visitation slightly increasing but many other key metrics declining. According to the Las Vegas Convention and Visitors Authority (LVCVA...

Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth

Vanja Mitic

January 3, 2025

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

South Korea’s Paradise Co, a leader in the foreigner-only casino market, closed 2024 with an impressive 10.2% growth in casino revenue, reaching KRW818.8 billion (US$556 million). This marks a significant impro...

Ohio Sports Betting Surpasses $1 Billion in November 2024

Vanja Mitic

January 3, 2025

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases, Ohio

For the second time since the legalization of sports betting in Ohio, the state achieved a remarkable milestone, with total wagers surpassing $1 billion in a single month. November 2024 saw Ohio sportsbooks col...

Macau’s 2024 Gaming Revenue Rebounds, Exceeding Government Projections

Johnny K.

January 2, 2025

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

Macau’s casino industry demonstrated significant recovery in 2024, with gross gaming revenue (GGR) reaching MOP226.78 billion (US$28.34 billion), a 23.9% increase from the previous year. This growth reflects th...

Mohegan Reports Mixed 2024 Financial Results with Debt Concerns

Johnny K.

January 2, 2025

Tribal Gaming, U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

Mohegan Gaming & Entertainment has released its financial outcomes for the fourth quarter and fiscal year ending September 30, 2024, highlighting strong revenue growth while grappling with substantial liqui...

Sands China Rewards Staff with Bonus and Salary Increase

Johnny K.

December 31, 2024

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

Sands China has announced a new initiative to reward its employees with both a discretionary bonus and a salary increase, underscoring its commitment to team member recognition. As stated in a press release cit...

Bally’s Chicago Offers Equity Stake in $1.7 Billion Casino Project

Johnny K.

December 31, 2024

Casino News, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Illinois

Bally’s Chicago has unveiled an investment opportunity for a 25% equity stake in its highly anticipated casino and resort project. The initiative includes both a public offering and a private placement, managed...

MGM China Rewards Staff with Bonuses Amid 2024 Milestones

Vanja Mitic

December 31, 2024

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

MGM China Holdings Limited has announced a discretionary bonus equivalent to one month’s salary for 95% of its workforce, recognizing their dedication throughout 2024. Set to be distributed in two phases around...

Sydney University Criticized for Gambling Industry Investments

Johnny K.

December 28, 2024

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Oceania Casino News

The University of Sydney has come under scrutiny for its financial ties to the gambling industry, including investments in major companies such as Aristocrat and Entain. These companies have also funded academi...

SJM Resorts Announces One-Month Employee Bonus for January 2025 Amid Anticipation for Salary Updates

Vanja Mitic

December 26, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Financial Press Releases

Macau gaming operator SJM Resorts has announced a “special discretionary bonus” for its employees, equivalent to one month’s salary. This bonus will be distributed on January 20, 2025, signaling the start of th...

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Cambodia’s Casino Tax Revenue Jumps 85% in 2024 to $63.1 Million

Tipico Group Expands into Austria with Admiral Acquisition

Flutter Adjusts US Revenue Projections After NFL Betting Trends

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue

Las Vegas Tourism Shows Mixed November Trends as Formula One Impact Wanes

Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth

Ohio Sports Betting Surpasses $1 Billion in November 2024

Macau’s 2024 Gaming Revenue Rebounds, Exceeding Government Projections

Mohegan Reports Mixed 2024 Financial Results with Debt Concerns

Sands China Rewards Staff with Bonus and Salary Increase

Bally’s Chicago Offers Equity Stake in $1.7 Billion Casino Project

MGM China Rewards Staff with Bonuses Amid 2024 Milestones

Sydney University Criticized for Gambling Industry Investments

SJM Resorts Announces One-Month Employee Bonus for January 2025 Amid Anticipation for Salary Updates

Macau Casinos Cut Mass Baccarat Bets After Satellite Closures

ACMA Orders ISP Blocks for 12 Illegal Gambling Sites

Golden Nugget Lake Tahoe Wraps Up Extensive Property Updates

Thunderkick Signs Ontario Casino Content Deal With PointsBet

Palace Calls for Evidence in Claims Against PAGCOR Chair