Economy/Finance | World Casino News

Macau’s Gaming Sector Sees Increase in Tax Breaks for International Play

March 6, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Macau, Taxation, Asian Casino News

In a strategic move to fortify its position as a global gaming hub, Macau has escalated tax rebates for gross gaming revenues generated from international players in 2024. This initiative, detailed in a recent ...

Flutter Entertainment’s Strategic Triumphs Lead to Remarkable 2024 Performance

Vanja Mitic

March 5, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases

Flutter Entertainment has successfully navigated a transformative 2024, solidifying its position as a leader in the global gaming and betting market. The company’s robust strategy and execution have yielded a s...

SJM Holdings Achieves Financial Recovery with Strong 2024 Performance

Vanja Mitic

March 5, 2025

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

After a challenging period, SJM Holdings Ltd has reported a slight profit for the fiscal year 2024, marking a significant recovery from a HKD2.01 billion loss in 2023. The Macau-based casino operator attributed...

North Carolina Considers Tax Deduction for Gambling Losses

Johnny K.

March 5, 2025

Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, North Carolina

In a significant legislative move, the North Carolina House of Representatives is currently deliberating a bill that could allow state residents to deduct gambling losses from their income taxes. This proposal,...

BetMGM Announces Job Cuts at Jersey City Office Amid Sports Betting Slowdown

Johnny K.

March 5, 2025

U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, New Jersey

In a significant restructuring move, BetMGM has announced it will cut 83 jobs at its headquarters in Jersey City, New Jersey. This decision comes as the company navigates a slowdown in the sports betting market...

Resolution in Sight for MGM and FTC Over Cyberattack Investigation

Vanja Mitic

March 4, 2025

U.S.A., Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Fines, Lawsuits & Litigation

MGM Resorts International and the Federal Trade Commission (FTC) reached a settlement of a contentious legal dispute triggered by a severe cyberattack on MGM in September 2023, which resulted in considerable op...

Genting Berhad Announces Leadership Transition as Lim Kok Thay Steps Down as CEO

Vanja Mitic

March 3, 2025

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

After nearly two decades at the helm, Lim Kok Thay is stepping down as Chief Executive Officer (CEO) of Genting Berhad. The company announced that Tan Kong Han, who has served as President, Chief Operating Offi...

Macau’s Gaming Revenue Rises in February, Boosted by Chinese New Year

Johnny K.

March 3, 2025

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

In February 2025, Macau experienced a significant uptick in its gross gaming revenue (GGR), reaching MOP19.74 billion (approximately USD 2.46 billion). This marked a 6.8% increase from the previous year, driven...

Melco Resorts Evaluates Strategic Alternatives for City of Dreams Manila

Vanja Mitic

February 28, 2025

Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Philippines

Melco Resorts & Entertainment Limited, a prominent player in the integrated resort sector in Asia and Europe, is currently assessing various strategic alternatives for its Philippine venture, City of Dreams...

Star Entertainment Shares Plunge as Company Seeks $650 Million Rescue Amid Financial Woes

Vanja Mitic

February 28, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Financial Press Releases

Star Entertainment Group Ltd. has witnessed a significant downturn, with its shares tumbling over 15% after trading resumed following a brief halt. The company, ensnared in grave financial difficulties, is acti...

Rush Street Interactive Reports 2024 Growth With Strong Q4 Performance

Johnny K.

February 28, 2025

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases

Rush Street Interactive (RSI) has reported significant financial growth for 2024, with total revenue reaching $924.1 million, reflecting a 34% year-over-year increase. The online casino and sports betting opera...

Light & Wonder to Drop Live Casino

admin2

February 28, 2025

U.S.A., Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News

Gambling service product and service supplier Light & Wonder has announced its decision to move away from its live casino business, choosing to focus on other aspects of its business that will provide great...

New Jersey’s Proposed Tax Hike on Online Gambling Sparks Industry Backlash

Vanja Mitic

February 27, 2025

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Taxation, Taxes, New Jersey

In a bold fiscal move, New Jersey Governor Phil Murphy has proposed significant tax increases on online sports betting and internet gambling, sparking widespread concern among casinos and betting firms. The pro...

Former Trident Acquisitions CEO Indicted for Securities Fraud

Johnny K.

February 27, 2025

Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Lottery, Crime, Financial Fraud

Vadim Komissarov, the former CEO of Trident Acquisitions Corp. (TDAC), is facing serious federal charges, including securities fraud, obstruction of justice, and perjury. Prosecutors allege he orchestrated a sc...

PointsBet Board Supports AU$353M Mixi Takeover as BlueBet Challenges

Johnny K.

February 27, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, Oceania Casino News

PointsBet has received two competing takeover offers, with its board unanimously backing an AU$353 million all-cash bid from Japanese digital entertainment company Mixi. Meanwhile, Australian-based bookmaker Bl...

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Macau’s Gaming Sector Sees Increase in Tax Breaks for International Play

Flutter Entertainment’s Strategic Triumphs Lead to Remarkable 2024 Performance

SJM Holdings Achieves Financial Recovery with Strong 2024 Performance

North Carolina Considers Tax Deduction for Gambling Losses

BetMGM Announces Job Cuts at Jersey City Office Amid Sports Betting Slowdown

Resolution in Sight for MGM and FTC Over Cyberattack Investigation

Genting Berhad Announces Leadership Transition as Lim Kok Thay Steps Down as CEO

Macau’s Gaming Revenue Rises in February, Boosted by Chinese New Year

Melco Resorts Evaluates Strategic Alternatives for City of Dreams Manila

Star Entertainment Shares Plunge as Company Seeks $650 Million Rescue Amid Financial Woes

Rush Street Interactive Reports 2024 Growth With Strong Q4 Performance

Light & Wonder to Drop Live Casino

New Jersey’s Proposed Tax Hike on Online Gambling Sparks Industry Backlash

Former Trident Acquisitions CEO Indicted for Securities Fraud

PointsBet Board Supports AU$353M Mixi Takeover as BlueBet Challenges

Michigan Gaming Control Board Takes Action Against 11 Illegal Offshore Casinos

Enjoy Requests Termination of Casino Licenses in Chile’s Key Cities

Boyd Gaming Breaks Ground on Cadence Crossing Casino in Henderson

Grand Korea Leisure Reports Strong March Casino Revenue Growth

Florida Horsemen Continue Battle Against Racing Decoupling Bill