Economy/Finance

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

Radosav Milutinovic
Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, 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, Casino News, Latest Casino and Gambling 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, World Casino News, Online gambling regulation, 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 News, Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino 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
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation, Sports betting, Online Gambling News, 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...

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
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, 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
Gaming Law & Legislation, U.S.A., Casino Destinations, Casino proposals, Latest Casino and Gambling News, Gaming Industry News, Casino project updates, 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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino 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
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, India, Economy/Finance, Horse Racing, Asian Casino News, Taxation, Sports betting, Online Gambling News, 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...