Economy/Finance

Tabcorp Reveals 5% Market Share Growth; Exceeds FY23 Predictions

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships, Oceania Casino News, Taxes, Financial Press Releases
Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, stake rose over 5% on Thursday following a report of net income $66.5 million after tax, ...

U.S. Sports Betting Handle Hits $250 Billion To Mirror Support of 77% of American Adults

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Financial Press Releases
Five years after the U.S. Supreme Court ruled to remove the federal ban on sports betting, the total handle for all 30 U.S. jurisdictions recently reached the threshold of $250 billion, according to reports. Th...

Major Macau Casino Incurs $727k Loss Due to Counterfeit Chips

Radosav Milutinovic
Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, Casino Cheating, China, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Macau, Asian Casino News, Conspiracy, Crime, Financial Fraud
On August 21, 2023, one of the most prominent casinos on the Cotai Strip in Macau suffered a loss of HK$5.7 million (US$727,000) after a criminal group used fake chips to gamble in the casino. The group of eigh...

Macau Jockey Club To Reportedly Host Its Final Race This Saturday

Marija Malenovic
Horse Racing, Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Casino expansion projects, Casino closures, Gaming Industry News, Economy/Finance, Horse Racing, Asian Casino News, Macau, Labor Relations
Recently, reports surfaced that the fate of horse racing in Macau could be in jeopardy as signs indicate that the "Macau Jockey Club (MJC) will soon lose its right to run racing in the SAR." However, nothing is...

SJM Holdings Experiences 241% Year-Over-Year GGR Growth

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Casino moguls, Economy/Finance, Macau, Online Gambling News, Asian Casino News, Financial Press Releases
SJM Holdings, a flagship owner, operator and developer of casinos and IRs in Macau, revealed gross gaming income (GGR) of HK$5.66 billion, approximately US$722 million, for the three months to June 30th, 2023, ...

Legal Battle Between The Star And Multiplex Over Queen’s Wharf Cost Overruns

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, New Hotels, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Oceania Casino News, Crime, Fines, Lawsuits & Litigation
Long-lasting litigation over cost overruns at The Star Entertainment Group's Queen’s Wharf, a $3.6 billion mixed-use residential and entertainment development in Brisbane, has rocketed after Multiplex, the proj...

Grosvenor Casinos Awaiting High Rollers and Gambling Reforms to Support London Recovery

Radosav Milutinovic
Bingo, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Online Gambling News, Labor Relations, United Kingdom
John O’Reilly, the CEO of Grosvenor Casinos owner Rank Group, reportedly said that the the post-pandemic recovery of London casino performance is falling behind the rest of the country due to the smaller presen...

Boyd Gaming’s Local Properties Donate $100,000 To Aid Relief Efforts After Hawaii Wildfires

Marija Malenovic
Hawaii, U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, Unsavory reports, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Conferences / Trade Shows, Nevada
Tragically, at the beginning of this month across Hawaii, but mostly on the island of Maui, a series of deadly wildfires broke out, causing the death of at least 111 people and extensive damage, predominantly a...
philippines

Second Richest Man in Philippines Builds Two New Casinos in Manila Region

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
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Vertex Entertainment and Resort Corp, owned by the second richest man in the Philippines, according to Forbes, is planning to open two new casinos in Manilla. The casinos are part of a bigger project, a huge re...

New Jersey Casinos Hit Historical $506 Million Revenue Level; Record-Breaking Borgata’s Performance

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases, New Jersey
The New Jersey gambling industry generated a total of $506 million in revenues in July 2023, up 5.3 percent from the same period of the prior year. As Associated Press (AP) reports, New Jersey casinos, horse tr...

Michigan Gaming Control Board Votes Unianimously To Extend Licenses For 3 Detroit Casinos; Properties Collected $107.2M In Gambling Income In July

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Sports betting, Fantasy Sports, Fantasy eSports, Licensing, Taxes, Financial Press Releases, Michigan
Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka De...