Economy/Finance

California governor signs pair of revised tribal gaming compacts into law

May 30, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, California, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

In the western American state of California and Governor Gavin Newsom (pictured) has reportedly signed legislation into law ratifying refreshed tribal gaming compacts with the Santa Rosa Rancheria Tachi Yokut T...

No more ‘satellite’ casino purchases expected for SJM Holdings Limited

Adam Morgan

May 30, 2022

Casino Sales, Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

American investment bank JPMorgan Chase and Company has reportedly predicted that Macau casino operator SJM Holdings Limited is unlikely to pursue a policy of purchasing any further ‘satellite’ gambling assets....

SJM Holdings Limited to purchase Macau’s Casino Oceanus at Jai Alai venue

Adam Morgan

May 27, 2022

Casino Sales, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and casino operator SJM Holdings Limited has reportedly announced that it is to issue convertible five-year bonds worth slightly over $242.82 million so as to be able to buy the Casino Oceanus at Jai A...

Canadian iGaming pair ink ‘transformative’ merger agreement

Adam Morgan

May 27, 2022

Latest Casino and Gambling News, Canada, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

Canadian lottery, online casino and sportsbook operator Kings Entertainment Group Incorporated has announced the signing of a definitive all-share agreement that is to see it merge with iGaming compatriot Sport...

Welcomed first-quarter improvement for Genting Malaysia Berhad

Adam Morgan

May 26, 2022

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Bahamas, Economy/Finance, African Casino News, Asian Casino News, United Kingdom

Asian casino operator Genting Malaysia Berhad has reportedly released its first-quarter financial results showing that its aggregated revenues for the three-month period had increased by 176.2% year-on-year to ...

WSOP bracelet holder Cory Zeidman indicted by federal authorities

Adam Morgan

May 26, 2022

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Money Laundering, Economy/Finance, Poker, Sports betting, Crime

In the United States and professional poker player Cory Zeidman (pictured) has reportedly been arrested on charges relating to an illicit sportsbetting scheme federal prosecutors are contending bilked victims o...

Dynam Company Limited experiences post-pandemic revival

Adam Morgan

May 25, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

The second largest operator of pachinko parlors in the whole of Japan, Dynam Company Limited, has reportedly announced that its net profit for the twelve months to the end of March more than doubled to top a ve...

Ocean Casino Resort to soon premiere $85 million of new offerings

Adam Morgan

May 25, 2022

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance, Poker, Mergers, Acquisitions & Partnerships, New Jersey

In New Jersey and the owner of the giant Ocean Casino Resort has announced that the property is spending roughly $85 million so as to soon debut 460 new rooms as well as multiple food and beverage outlets and a...

Illinois judge rejects temporary Golden Nugget Danville restraining order

Adam Morgan

May 24, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Illinois, Fines, Lawsuits & Litigation

In the American state of Illinois and a judge has reportedly denied a temporary restraining order that would have immediately stopped the city of Danville from following through with work on the coming Golden N...

Macau aggregated casino operator debt forecast to top $25 billion this year

Adam Morgan

May 24, 2022

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

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China’s o...

Mexican casino industry lobbying for a unified industry tax regime

Adam Morgan

May 24, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Mexico, Taxation

In Mexico and the Entertainment and Gambling Industry Permit Holders, Operators and Suppliers Association (AIEJA) trade group has reportedly called on the federal government to implement a unified casino indust...

Legalized sportsbetting proving to be beneficial for Illinois

Adam Morgan

May 23, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Illinois, Licensing, Taxes

In the two years after launching legalized sportsbetting in March of 2020 and the American state of Illinois reportedly banked some $122 million in wagering taxes as well as licensing and application fees worth...

New York online sportsbetting market experiencing summer slow-down

Adam Morgan

May 23, 2022

Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Licensing, Taxes, New York

The eight online sportsbooks in the eastern American state of New York have reportedly begun seeing business taper off as they recorded their lowest ever weekly combined handle tally for the seven days to May 1...

Slot machine revenue in Nevada boosted by COVID-19

Sadonna Price

May 23, 2022

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Nevada

Slot machines are always a big revenue driver at casinos, but the games are really reaching new heights for Nevada. In the state, over 120,000 slots can be found via licensed nonrestricted locations with the ma...

Nustar Resort and Casino ramping up gaming operations following May 7 soft launch

Adam Morgan

May 23, 2022

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Poker, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and Universal Hotels and Resorts Incorporated has reportedly announced that it is to ramp up gaming operations within its Nustar Resort and Casino over the course of the next few months follo...