Economy/Finance

Genting Singapore Increases Profit By 60% and Invests $5 Billion In the Resorts World Sentosa Expansion

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Singapore
Casino operator Genting Singapore Ltd reports about the sustained recovery in the region as the company generated almost SGD690.0 million (US$507.1 million) in gross gaming revenues in the third quarter of 2023...

Melco Relaunches Studio City in Q1 2024 Following the Record Casino Performance

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, Casino expansion projects, World Casino News, Casino openings, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Asian Casino News
Lawrence Ho Yau Lung, chairman and chief executive of the casino operating group Melco Resorts & Entertainment Ltd announces that the group's Macau complex Studio City will be launched in the first quarter ...

Flutter Cuts Full-Year Revenue Prediction, Shares Fall

Marija Malenovic
Ireland, Horse Racing, Australia, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, European Casino News, Horse Racing, Online Gambling News, Sports betting, Financial Press Releases, New York
Flutter Entertainment, a global gambling and sports wagering firm, is predicting that recent favorable results will help that full-year income reach the bottom of its former prediction range, except for the new...

Tentative Contract Is Slowly Forming With Las Vegas Hospitality Employees Amidst Strike Threat, States MGM’s CEO

Marija Malenovic
Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, Nevada
After a landmark agreement at dawn on November 8 between the Caesars Entertainment and Las Vegas hotel employees union, a tentative contract is slowly forming for the 20,000 hospitality employees at MGM Resorts...

MGM China Hits $226 Million Record EBITDA; Exceeds 2019 Levels in Booming Macau Gambling Market

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
Macau gambling industry seems to have closed the page where pandemic impacted the business.  Eleven months after the January 8, 2023 re-opening of the casino facilities, the stakeholders are no longer referring...

Richmond Voters Reject A Proposed Casino Project For The Second Time

Marija Malenovic
Virginia, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, New Hotels, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Licensing
The do-over referendum for the Richmond casino project was unsuccessful at the ballot box by a much wider margin compared to the first casino referendum that was held two years ago, back in 2021. The primary re...

Gaming Innovation Group Strengthens Position in North America thorugh KaFe Rocks Acquisition

Vanja Mitic
Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Mergers, Acquisitions & Partnerships
Gaming Innovation Group Inc. (GiG) acquires KaFe Rocks Ltd. Two industry leaders signed a deal, and the popular affiliate company will become a part of the GiG. Expansion to North America: GiG Media is th...

GAN Enters Definitive Merger Agreement With Sega Sammy Creation

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Japan, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships
GAN Limited, a leading North American real money iGaming technology provider and a prominent sports betting operator has entered a definitive Merger Agreement with Sega Sammy Creation, a game development subsid...

Mark Cuban Shares His Desire For Casino-Centered Resorts In Texas

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, World Casino News, North America Casino News, New Hotels, Gaming Industry News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, Texas
At Chase’s Make Your Move Summit that occurred during the last week, Mark Cuban, the leader and owner of the Dallas Mavericks, expressed his wish for a casino-centered resorts to be located in Texas, according ...

Mets Owner Partners With Hard Rock For $8 Billion Casino Development Proposal in Queens

Radosav Milutinovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, New York
The withdrawal of the Vornado Realty Trust from the race for the last midtown New York casino license seems to have raised the spirit of the remaining four major potential bidders. One of them, New York Mets ow...

Better Collective Acquires Playmaker Capital For $188 Million

Marija Malenovic
Casino Sales, Denmark, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Canada, Gaming Industry News, Economy/Finance, Ontario, European Casino News, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships
Better Collective has officially purchased Playmaker Capital for an overall cost of €176 million (£153 million/$188 million). Additionally, the projected date of the official conclusion of the definitive purcha...

Dutch Court Rules That Two Online Casinos Refund EUR 217,000 to Gamblers

Radosav Milutinovic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Unlicensed Operation, Online Gambling News, Fines, Lawsuits & Litigation, Malta, Netherlands
A Dutch court has ordered two online casino operators to reimburse a total of EUR 217,000 to players having lost money with these gambling websites while online gambling was illegal in the Netherlands. Illeg...

Pagcor to Upgrade Casino Filipino As Country’s Gaming Revenues Head to Exceed the 2019 Record

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
Following the recent move to transform the state-run Philippine Amusement and Gaming Corp (Pagcor) into an exclusively regulatory entity, this governmental agency's chairman and chief executive Alejandro Tengco...

Georgian Prime Minister Raises Tax Rate For Gambling Businesses In Georgia To 15%

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Sports betting, Online Gambling News, Taxation, Georgia-Eurasia, Licensing, Taxes
Georgian Prime Minister Irakli Gharibashvili has raised taxes on the gambling industry and reported that the level of gambling in the country is "catastrophic." Rise of the gambling turnover: During his b...

Crown Melbourne Casino Workers Announce Strike During the Busy Racing Season

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Horse Racing, Online Gambling News, Oceania Casino News, Labor Relations
After four months of negotiations for a better terms and conditions of labor agreement, around 3600 workers of the Crown Melbourne casino might reportedly resort to a protected strike action during the busies...