Economy/Finance

Lottomatica’s Vertical Acquires 100 percent of the SKS365’s Share Capital

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casino expansion projects, Gaming Industry News, Economy/Finance, Mobile gaming, European Casino News, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Italy, Malta
Following the Italian lawmakers' announcements of the regulatory changes proposed to channel almost $1 billion of the illegal online gaming revenues to legal gambling operating streams, the major online gaming ...

Macau Experiences New Post-Covid Revenue High In October; GGR To Reach US$26.8bln Next Year

Marija Malenovic
Gaming Law & Legislation, 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, Financial Press Releases
During October, the gaming industry in Macau continued to grow in terms of accumulated profits, with gross gaming profit (GGR) reaching a 30.9% increase compared to September's GGR of MOP$19.5 billion, which is...

Nevada’s Gaming Income For September Improved Thanks To Strong Performances Of The Strip And Clark County

Marija Malenovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Licensing, Financial Press Releases, Nevada
During September, the Las Vegas Strip was able to generate impressive revenue as it increased the state's overall monthly gambling revenue, according to the Nevada Gaming Control Board (NGCB), Nevada's gaming r...

Vornado Withdraws From Midtown New York Casino License Race

Radosav Milutinovic
Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Licensing, Financial Press Releases, New York
Vornado Realty Trust, one of the leading New York developers, announced on 26 October 2023 that the company would step out from the race for a casino license in New York City. The developer's decision has repor...

Italian Gambling Market Loses EUR 1 Billion In Annual Revenues To Illegal Gambling Websites

Radosav Milutinovic
Online Blacklist, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Unlicensed Operation, Licenses, Online Gambling News, Italy
The European Gaming & Betting Association (EGBA) reveals that the illegal online gambling market in Italy generates annual revenue of around €1 billion. The Association indicates that the figure is equal to...

Thailand’s House of Representatives Forms Thai House Committee To Examine Possibility Of Legal Casinos

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Taxation, Taxes, Thailand
Thailand's House of Representatives has agreed to establish a committee of 60 members to look into the possible opening of entertainment facilities, involving casinos, to tackle the long-running problem of non-...

India’s Government Requests US$12 Billion In Taxes From Gambling Operators For FY 2018

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, India, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Asian Casino News, Taxation, Fines, Lawsuits & Litigation
India’s governmental body Goods and Services Tax (GST) Council has sent out a notice to the country's land-based casinos and online gaming platforms to make payments of the goods and services tax for the financ...

MGM Springfield Reaches $6.8 Million Settlement Agreement With The State

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Licensed online casinos in USA, Online Gambling News, Labor Relations, Financial Fraud, Massachusetts
MGM Springfield reached a $6.8 million settlement with the Attorney General's Office over the allegations that the company committed wage and hour violations to impact 2,036 workers. As Boston Herald reports, t...

London’s Iconic Crockfords Casino Closes After 195 Years For The Lack of High Rollers

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Taxation, United Kingdom
Crockfords Casino, the iconic London property owned by the Genting gaming group, closes after 195 years of operations. The legendary home to high rollers closes over the owner's allegations that the city of Lon...

Tabcorp Stakeholders Object Against Immoderate Levels of Executive Pay

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Oceania Casino News, Mergers, Acquisitions & Partnerships, Labor Relations
Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, has faced its first-ever protest vote since the last came exactly five years ago, in 2018...

Tipico Debuts Enhanced Proprietary Casino App in New Jersey

Kim M
Latest Casino and Gambling News, U.S.A., Online gaming software, World Casino News, New online casinos, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, New Jersey
As the number of legal online gambling platforms in the U.S. has grown considerably over the last several years, the industry has become increasingly competitive. In order to keep up with consumer demand and be...

La Française des Jeux Generates 1.875 Billion In Revenues From January to September 2023, Acquires ZEturf and PLI

Radosav Milutinovic
Jackpot Winners, Ireland, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Poker, Lottery, Horse Racing, Sports betting, Online Gambling News, France, Financial Press Releases
France’s leading gaming operator and one of the industry leaders worldwide, La Française des Jeux (FDJ), announces its revenue figures for the period January - September 2023 inclusive. 3.9% Higher Revenue L...

Texas Hold’em Poker GGR In Macau Hits 93.7% Of 2019 Record

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Online Poker, Economy/Finance, Poker, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
According to information obtained from the Gaming Inspection and Coordination Bureau, the gross gaming income (GGR) collected from Texas Hold’em poker in the regulated Macau market throughout the third quarter ...

Sands China Hits $1.78 Billion Revenue In Q3 2023 To Verify Post-Pandemic Recovery

Radosav Milutinovic
Las Vegas, Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Macau, Asian Casino News, Financial Press Releases
It seems that the Sands China has definitely recovered from the lows experienced during the pandemic years as the casino giant registered a $1.78 billion revenue in the third quarter of 2023. When compared to t...

Unionized Employees Go On Strike At Detroit’s 3 Casinos

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, Unsavory reports, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, Michigan
Following the expiration of the existing contract with Detroit's 3 casinos and without a new contract, a large number of unionized employees at the Detroit's 3 casinos officially began a strike on October 17th....