Economy/Finance

MGM China Reports US$666 Million Profit Drop In 2022

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
MGM China, a Macau-based flagship developer, owner and operator of gaming resorts and accommodation in the Greater China region, officially announced overnight a decline in group-wide profit of HK$5.23 billion,...
georgia

Georgia Continues with the Reforms of the Gambling Laws to Align with the EU Conditions

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Taxation, Online Gambling News, Georgia-Eurasia, Licensing, Taxes
The Georgian government kept proceeding with the reforms that impacted both casinos and the players. Since the reforms began earlier this month, more than 1.4 million players from Georgia have been banned from ...

Summit Ascent Faces Contingencies and Records Growth at Tigre de Cristal Casino in Russia

Radosav Milutinovic
Casino News, Casino Destinations, Casino proposals, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Casino project updates, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Financial Press Releases, Russia
Asian casino operator Summit Ascent Holdings announced a $200 million expansion of its Russian-integrated resort Tigre de Cristal earlier. Last year, the COVID-19 pandemic and the Russian invasion of Ukraine po...

North Carolina Legislators Step Closer to Legalize Sports Wagering

Radosav Milutinovic
Virginia, Tennessee, U.S.A., Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Tribal Gaming, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Taxation, Sports betting, Licensing, Taxes, North Carolina
A bill to legalize sports wagering is to clear the North Carolina House of Representatives and be sent to the Senate for final approval. The representatives approved the proposal on a 66-45 vote Tuesday less th...
william hill group

£19.2 Million Fine for William Hill Group’s Businesses

Vanja Mitic
Gaming Law & Legislation, Casino News, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
William Hill Group’s brands WHG (International) Limited, Mr Green limited, and William Hill Organization Limited have to pay a fine of £19.2 million in total for violations and failures related to social respon...

Philippine Senator Recommends Banning POGOs Within 3 Months

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, Casino News, Online gambling regulation, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Conferences / Trade Shows, Licenses, Taxation, Online Gambling News, Asian Casino News, Crime, Licensing, Taxes, Philippines
Philippine Senator Sherwin Gatchalian, chairman of the Senate’s Committee on Ways and Means, recommended the country's government to officially shut down Philippine Offshore Gaming Operators (POGOs), which are ...

Dutch Gaming Authority Imposed EUR 25,000 Conditional Fine on Winning Poker Network

Radosav Milutinovic
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, Online Gambling News, Fines, Lawsuits & Litigation, Netherlands
In September 2022, De Kansspelautoriteit (Ksa), the Gaming Authority in the Netherlands, determined that one of the busiest Dutch gaming networks, Winning Poker Network (WPN), violated its rules. The regulato...

Pickering To Split Casino Profits With Durham For Social Housing Projects

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Canada, Gaming Industry News, Ontario, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships
The city of Pickering, Ontario, Canada has officially signed an agreement to give a portion of its casino gaming profits to Durham Region, becoming the first city in Ontario to do so. Furthermore, Durham sho...

Richton Park Casino and Racing Development Versus Hawthorne Veto Power

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Horse Racing, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Illinois
The real-estate developer Greenway Entertainment Group announced Wednesday its intention to build a casino and horse race track in south suburban Richton Park. In line with the announcement, Illinois lawmakers ...
bloomberry

Deal with PH Resorts Group Terminated by Bloomberry Resorts Corp

Vanja Mitic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
It was announced on Wednesday that Solaire Resort’s parent company, Bloomberry Resorts Corp, terminated the deal related to acquiring a stake in integrated resort developments in Cebu and Clark, owned by PH Res...

Mississippi Gaming Commission To Hold Hearing To Approve South Beach Casino Site

Marija Malenovic
Casino proposals, Casino News, Latest Casino and Gambling News, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Licensing, Mississippi
On Thursday, March 23, the developer of South Beach Casino and Resort will have a location approval hearing from the Mississippi Gaming Commission. On that note, South Mississippi may have one more competito...

Affinity Gaming Sells Rail City Casino in Sparks to Truckee Gaming

Marija Malenovic
Casino Sales, Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Gaming Law & Legislation, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, Nevada
Affinity Gaming, a privately held casino and sports wagering company based in Paradise near Las Vegas, Nevada, formerly known as Herbst Gaming and Affinity Gaming, reported last week that it is selling Rail Cit...
new jersey

New Jersey Casino Revenue Up 10.4% Compared to Last Year

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New Jersey
The New Jersey Division of Gaming Enforcement released the February revenue on Thursday, March 16th. An increase of 10.4% is evident in casinos, horse tracks that accept sports bets, and online partners of gamb...

Both Mayor Candidates Support Legalization of Video Gambling in Chicago

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Taxation, Illinois, Taxes
Both candidates for Chicago mayor - Paul Vallas and Brandon Johnson - would support the legalization of video gambling machines within their city limits if elected in the April 4 election. The candidates would ...