Economy/Finance | World Casino News

Summit Ascent Holdings Limited benefits from domestic Tigre De Cristal trade

August 24, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Casino project updates, Gaming Industry News, Economy/Finance, Russia

Summit Ascent Holdings Limited has released its interim half-year financial results showing that aggregated revenues increased by 37% year-on-year to approximately $22.6 million thanks to the strong performance...

Regulatory green light for MGM Resorts International’s proposed LeoVegas AB takeover

Adam Morgan

August 23, 2022

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

American land-based casino giant MGM Resorts International has announced the receipt of the ‘necessary governmental clearances’ concerning its $607 million plan to purchase prominent iGaming operator LeoVegas A...

Queensland license review for The Star Entertainment Group Limited hears damning allegations

Adam Morgan

August 23, 2022

Australia, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

In Australia and the official Queensland investigation into whether The Star Entertainment Group Limited is fit to hold a casino license has reportedly heard how the operator ‘actively encouraged’ high-risk gam...

Atlantic City casinos post disappointing second-quarter combined profit

Adam Morgan

August 23, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, New Jersey

The nine casinos in Atlantic City reportedly saw their combined second-quarter online and retail operating profit fall by almost one percent year-on-year to $183.6 million despite recording a comparative 14.1% ...

MGM Resorts International unveils New York-New York renovation plans

Adam Morgan

August 22, 2022

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships

Some three months after completing its takeover of the prestigious The Cosmopolitan of Las Vegas property and American casino operator MGM Resorts International has reportedly announced that it will be renovati...

California Republicans join Democrats in opposition to online sportsbetting

Adam Morgan

August 22, 2022

Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, California, Economy/Finance, Sports betting, Online Gambling News

Members of the Republican political party in the western American state of California have reportedly followed their Democratic counterparts in coming out against an upcoming local constitutional referendum tha...

Rank Group returns an annual profit despite experiencing a ‘challenging’ year

Adam Morgan

August 22, 2022

Bingo, Casino News, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, United Kingdom

In the United Kingdom and prominent land-based and online gaming operator Rank Group has announced that it recorded an underlying net profit of £40.4 million ($47.6 million) for the twelve months to the end of ...

MGM China Holdings Limited taking concession consideration steps

Adam Morgan

August 22, 2022

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

In Macau and local casino operator MGM China Holdings Limited has announced that it is coming into line with recently-ratified legislation so as to be able to obtain one of the former Portuguese enclave’s new t...

Borgata Hotel Casino and Spa sets new monthly net gambling revenues record

Adam Morgan

August 19, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, New Jersey, Pennsylvania

In New Jersey and the 2,700-room Borgata Hotel Casino and Spa reportedly set a new statewide monthly net gambling revenues record in July after chalking up combined win of more than $124 million. According t...

Second-quarter setbacks for Melco Resorts and Entertainment Limited

Adam Morgan

August 19, 2022

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

Asian casino operator Melco Resorts and Entertainment Limited has released its unaudited financial results for the three months to the end of June showing a net loss that grew by 35.4% year-on-year to stand at ...

Penn Entertainment Incorporated to fully acquire Barstool Sports Incorporated

Adam Morgan

August 18, 2022

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

American casino operator Penn Entertainment Incorporated has reportedly inked a deal that is to see it pay approximately $387 million so as to fully acquire all of the outstanding shares of online sportsbetting...

American interests help Sportradar AG to record second-quarter growth

Adam Morgan

August 18, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Sports betting, Switzerland

Sports data intelligence specialist Sportradar AG has released its second-quarter financial result showing that it experienced a bump of 23% year-on-year in its aggregated revenues to approximately $186 million...

New Jersey gambling revenues increase in July but casinos still struggle to reach pre-pandemic levels

Sadonna Price

August 18, 2022

Latest Casino and Gambling News, Economy/Finance, New Jersey

The New Jersey Division of Gaming Enforcement (DGE) just released the revenue reports for gambling in the state for the month of July. Casinos, horse tracks, and online providers were able to earn over $480 mil...

Former Indiana casino executive sentenced to two-month federal prison term

Adam Morgan

August 18, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Indiana

In the American state of Indiana and a prominent former casino executive has reportedly been sentenced to serve two months in federal prison after being found guilty of running a scheme that illegally funneled ...

Entain hit with record-setting Gambling Commission fine

Adam Morgan

August 17, 2022

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Licensing, Fines, Lawsuits & Litigation, United Kingdom

Less than a week after hitting the online sportsbetting exchange at Smarkets.com with a six-figure fine and the United Kingdom’s Gambling Commission regulator has now reportedly ordered Entain to pay a penalty ...

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Summit Ascent Holdings Limited benefits from domestic Tigre De Cristal trade

Regulatory green light for MGM Resorts International’s proposed LeoVegas AB takeover

Queensland license review for The Star Entertainment Group Limited hears damning allegations

Atlantic City casinos post disappointing second-quarter combined profit

MGM Resorts International unveils New York-New York renovation plans

California Republicans join Democrats in opposition to online sportsbetting

Rank Group returns an annual profit despite experiencing a ‘challenging’ year

MGM China Holdings Limited taking concession consideration steps

Borgata Hotel Casino and Spa sets new monthly net gambling revenues record

Second-quarter setbacks for Melco Resorts and Entertainment Limited

Penn Entertainment Incorporated to fully acquire Barstool Sports Incorporated

American interests help Sportradar AG to record second-quarter growth

New Jersey gambling revenues increase in July but casinos still struggle to reach pre-pandemic levels

Former Indiana casino executive sentenced to two-month federal prison term

New Coalition Agreement Increases Gaming Tax in the Netherlands to 37.8%

GLPI Acquires Real Estate Assets of Three Casinos in Nevada and South Dakota for $105 Million

New Jersey Casinos See $511 Million Win in April, Second-Best Month for Online Gambling

Macau Legend Development Completes Disposal of Laos Casino Resort After Delays in February

Q1 2024 Sets Record for U.S. Commercial Gaming Revenue, iGaming and Sports Betting Hit All-Time Highs