Economy/Finance

Bally’s Corporation Rejects Acquisition Bid to Focus on Chicago and Online Casino Operations

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mobile gaming, Casino moguls, Licensed online casinos in USA, Sports betting, Online Gambling News
Following the closure of the landmark Tropicana Las Vegas casino 2 April 2024, the owner Bally’s Corporation is looking for the best option to focus its operating strategy in the near future. In the circums...

Fanatics Sportsbook Launches Operations in Kansas to Mark 17th Market Entry Since October 2023

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Kansas, North Carolina
Sports betting giant Fanatics Sportsbook has launched its online sports wagering operations in Kansas. The latest US regulated market entry marks the 17th state included in the operator's portfolio since the ac...

Melco International Records a Loss of HK$1.74 Billion in 2023, Narrowed from $5.11 Billion

Vanja Mitic
Latest Casino and Gambling News, Casino News, Casino reviews from Macau, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Cyprus, Macau, Financial Press Releases, Philippines
Macau’s concessionaire Melco Resorts & Entertainment’s parent company, Melco International Development Ltd, reportedly lost HK$1,74 billion (US$222 million) in 2023. The loss is attributable to the owners. ...

Georgia Fails Again to Legalize Sports Wagering due to Disagreements Between Lawmakers Over Tax Money

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Sports betting, Taxation, Georgia-Eurasia, Taxes
An attempt to officially approve sports wagering in Georgia failed again this year. The reason for this is that lawmakers couldn't reach compromise on how to spend the collected tax money. Both bills couldn'...

Thailand Awaits Governmental Approval to Open First Legal Casino Resort in 2029

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Online Gambling News
A gambling development study cleared the Thailand's House of Representatives to await approval from the cabinet of Prime Minister. If approved, the study may trigger up to eight legal integrated casino developm...

888 Holdings Signs Purchase Agreement to Sell Select US B2C Assets to Hard Rock Digital

Marija Malenovic
Casino Sales, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, European Casino News, Florida, Gibraltar
888 Holdings, the London-listed firm, has officially completed its strategic consideration of its American B2C operations. The outcome of the deliberation was that the firm came to the agreement to sell chosen ...

Paradise Entertainment Generated $7.8 Million Profit in 2023 to Actively Seek International Expansions

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Technology, Casinos of the Philippines, Economy/Finance, Online Gambling News
A Macau’s leading gaming and entertainment operator, Paradise Entertainment Ltd, reveals that the company generated  a profit of US$7.8 million in 2023. The value added to the company's 2023 balance sheet after...

New Jersey Bill Proposes Tax Increase on Online Sports Betting and Casino Gaming to 30%

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, New Jersey
New Jersey is contemplating raising the state's online casino gaming and sports wagering tax rate to a maximum of 30%. Additionally, Senator John McKeon is cited as the lead sponsor of the tax rate hike legisla...

XSGames Looking to Expand in Europe through Acquisition of Palasino Holdings’ Shares

Radosav Milutinovic
Austria, Gaming Law & Legislation, U.S.A., Taiwan, Australia, Latest Casino and Gambling News, Casino News, World Casino News, China, Gaming Industry News, Technology, Hong Kong, Economy/Finance, Mobile gaming, Czech Republic, European Casino News, Licenses, Online Gambling News, Asian Casino News, Germany, Mergers, Acquisitions & Partnerships, Malta
Following the 2022 US market entry, the Taiwanese gaming and investment company XSGames is working to expand its slot machine developments to European market. As reported, the online gaming content and slot mac...

Macau Gaming Industry Expected to Keep the Pace and Generate $2.36 Billion in Revenue in March 2024

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
Renowned investment bank JP Morgan reveals that the Macau gaming industry generated $77.9 million in daily gross gaming revenues last week. As reported by Inside Asian Gaming (IAG), the bank's analysts consider...

BGaming Joins Forces with Superbet to Expand in Romania; Releases Diamond of Jungle Slot

Marija Malenovic
Online gaming software, Casino News, Latest Casino and Gambling News, Latest Casino Bonuses, World Casino News, Gaming Industry News, Newest casino games, Mobile gaming, Economy/Finance, Free Spins Bonuses, European Casino News, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Malta, Romania
For BGaming, one of the flagship iGaming operators, the third month of the new year is going great so far! In this sense, on March 21st the firm released its first dual volatility enhanced slot, Diamond of J...