Economy/Finance

Osaka Expo’s Problems Strain City’s IR Construction Progress

Marija Malenovic
Latest Casino and Gambling News, Casino proposals, Casino News, World Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Asian Casino News, Mergers, Acquisitions & Partnerships
Work on ground preparation has now officially started for the planned Osaka’s integrated resort (IR) which is slated to be cited right beside the Osaka’s expo site. However, this step forward is masked by issue...

NSW Regulator Imposes Six-Month Deadline to Star Sydney to Regain Casino License

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation
The NSW Independent Casino Commission (NICC) imposed a new six-month deadline to the Australian casino giant Star Entertainment to regain the gambling license for its gaming operations in Sydney. Otherwise, the...

Macau Gaming Shares Are Trading at Their Lowest Levels In December Since Prior To January 8 Reopening

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau
Industry analysts stay puzzled by the descending trajectory of gaming shares in Macau, which this month, or December, officially fell to their worst levels so far in 2023. In addition, neither the income nor th...

Paradise Co Reached US$34 Million In Revenues in February 2023 to Nearly Double 2022 Figures

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea
Paradise Co Ltd, one of the leading South Korean casino operators, recently filed a financial report to the Korea Exchange (KRX) to confirm that the casino generated more than KRW44.67 billion (US$34.0 million)...

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

Radosav Milutinovic
Las Vegas, Casino News, Latest Casino and Gambling News, U.S.A., 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
Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Online gambling regulation, Unsavory reports, 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
Norway, Virginia, U.S.A., Latest Casino and Gambling News, Canada, North America Casino News, Arizona, Gaming Industry News, 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, Latest Casino and Gambling News, Casino News, U.S.A., Las Vegas, World Casino News, North America 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
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, 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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino proposals, Casino 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 News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
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
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, 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, Tribal Gaming, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Casino project updates, 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...