Economy/Finance

Nevada’s Gaming Industry Hits a $1.31 Billion Record Revenue Level in October 2023

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, Nevada
Nevada’s Gaming Control Board revealed that the state gambling industry generated more than $1.31 billion in gross gaming revenues in October 2023 to set another monthly gaming revenue record. As reported, the ...

Inspired Entertainment Potentially Delisted Due to Failing to Provide Q3 Results

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Unsavory reports, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News
Inspired Entertainment still hasn't published the results from the third quarter of 2023, which can lead to serious consequences - the company might even be delisted from the NASDAQ exchange.  Q3 Results: ...

Kindred Group Leaves North America and Norway; Reduces Number of Employees

Radosav Milutinovic
Virginia, Norway, U.S.A., Latest Casino and Gambling News, North America Casino News, Canada, Gaming Industry News, Arizona, Economy/Finance, Ontario, Employment & Careers, Licensed online casinos in USA, Online Gambling News, Fines, Lawsuits & Litigation, New Jersey, Pennsylvania, Washington
Kindred Group, an online gaming operator of casino, poker, bingo, and sports betting, announces that the group will continue to exit the North American market expecting to complete the process by the end of Q2 ...

Dr. Miriam Adelson To Sell $2 Billion Worth of Shares in Casino Giant Las Vegas Sands To Purchase Majority Stake in NBA’s Dallas Mavericks

Marija Malenovic
Casino Sales, NBA, U.S.A., Las Vegas, Latest Casino and Gambling News, Casino News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Sports betting, Mergers, Acquisitions & Partnerships, Nevada
Las Vegas Sands' controlling stakeholder, Dr. Miriam Adelson reportedly intends to officially sell a $2 billion stake in the firm's total shares and will utilize the result, along with her own cash, to purchase...

New York City Zoning Changes Provide Multiple Areas for Casino Developments

Radosav Milutinovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, New York
A set of zoning changes recently released by Mayor Eric Adams’ administration would provide for casino developments in multiple areas of New York City. As reported by Crain’s New York Business, these changes ar...

A $2.2 Billion Casino Resort Proposed For Northern Vietnam to Allow Local Gambler Admissions

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Vietnam
The Vietnamese Ministry of Planning and Investment has served a report to the Prime Minister for another integrated resort that will allow gambling activities to local population. The Ministry has reportedly pr...

Philippine Gaming Industry Generates US$1.24 Billion in Q3 2023 to Exceed Prepandemic Levels

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
Gross gaming revenues of the Philippine gaming industry reached the level of Php68.8 billion (US$1.24 billion) in the third quarter of 2023. The figure reportedly represents a 20.1% increase when compared to th...

Betting And Gaming Council Calls On UK Chancellor To Reconsider “Stealth Casino Tax”

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Taxes, United Kingdom
The Betting and Gaming Council (BGC), the UK’s only wagering and gaming industry body, has called on the Chancellor to reconsider indirect tax on land-based casinos, the Autumn Statement confirmed. UK casino...

Kenosha County Board Delays Vote On Intergovernmental Contract With Menominee Tribe Until January 16

Marija Malenovic
Tribal Gaming, Casino proposals, Casino News, Latest Casino and Gambling News, Tribal Gaming, U.S.A., World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Wisconsin
The Kenosha County Board has officially voted to delay reviewing of an intergovernmental contract with the Menominee Tribe of Wisconsin for a proposed casino project till 2024, saying it needs additional inform...

Star Entertainment Signs Binding Contract With NSW Government On Casino Duty Rates

Marija Malenovic
Casino News, Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Poker, Taxation, Oceania Casino News, Mergers, Acquisitions & Partnerships, Taxes
Star Entertainment Group, an Australian-based gambling and entertainment company, revealed on November 21st filling that it has officially entered into a binding contract with the New South Wales government on ...

Las Vegas Grand Prix Shatters the Records, Sportsbooks Profitable

Vanja Mitic
Las Vegas, Casino News, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, The Players Lounge, Sports betting, Online Gambling News
The Las Vegas Grand Prix is over, and now it can be said that it was wild! The casinos earned a huge profit, and the records were shattered. Great results for sportsbooks: Caesars Sportsbook achieved fant...

MotorCity Casino and Hollywood Casino Workers Ratify Contract as MGM Staff Continues to Strike in Detroit

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Technology, Gaming Industry News, Economy/Finance, Employment & Careers, Licensed online casinos in USA, Online Gambling News, Labor Relations, Michigan
After walking off the job on October 17, 2023, around 2,100 workers at MotorCity Casino and Hollywood Casino at Greektown, Detroit have ratified a contract with the employers to end a 34-day strike at these two...

Crown Resorts Lays Off 180 of Its Employees and Reduces Working Hours in Crown Sydney

Vanja Mitic
Australia, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers
The renowned Crown Resorts is going through a challenging period, and some measures had to be taken. Since the foot traffic recently wasn’t how it used to be, the casino decided to reduce its operating hours. A...