Economy/Finance

Romania Issues Draft Emergency Ordinance To Introduce Changes In Gambling Industry

Marija Malenovic
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, Taxation, Licensing, Taxes, Romania
New measures offiicially adopted on October 5 via the Emergency Ordinance (GEO) that external advertising will be restricted to 35 square meters and that casinos can no longer use rewards to attract players, sh...

MGM Resorts Refuses to Pay Ransom Money To Hackers To Align With FBI Guidance

Radosav Milutinovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Hacking, Economy/Finance, Licensed online casinos in USA, Data Protection, Online Gambling News, Crime
MGM Resorts International reportedly refused to pay ransom money demanded by hackers after the cyberattack detected on September 10. As reported, the company followed the suggestions of the Federal Bureau of In...
acquisition

Golden Matrix Makes the Next Step in MeridianBet Group Acquisition

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships
Golden Matrix Group, Inc., one of the leading companies in the iGaming industry, released some updates related to the recent acquisition of the leading Southeast European B2C company, MeridianBet Group.  The...
richmond

Urban One which Is Included in the New Richmond Casino Project Goes Through Financial Reporting Irregularities

Vanja Mitic
Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Unsavory reports, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Press Releases
The voters for Richmond haven't decided yet if they want a new casino. However, the new events stole the spotlight when one of the companies included in this major project came under suspicion for financial rep...
detroit

Detroit Casino Workers Unions Vote in Favor of the Authorization of the Strike, Demanding Salary Increases

Vanja Mitic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Unsavory reports, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, Michigan
The casino workers from Detroit keep trying to improve the work conditions, and the next step is the strike. The Detroit Casino Council (DCC) confirmed that the union members voted in favor of the strike if it ...

Super Typhoon Causes Macau’s GGR To Drop 13.2% In September

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
Last month, September, Macau's gross gaming income (GGR) fell 13.2% month-after-month to MOP14.94 billion, which is approximately US$1.85 billion, the Gaming Inspection and Coordination Bureau, the Macau's loca...

Far East Consortium International Ltd. Receives Approval To Spin-Off And List Palasino Holdings

Marija Malenovic
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Czech Republic, European Casino News, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Licensing
Far East Consortium International Ltd. (FEC), a flagship global real estate developer based in Hong Kong, revealed that it has got validation from the Hong Kong Stock Exchange to continue with the spin-off of P...

New Jersey Supreme Court To Judge On Insurance Exclusions Related To COVID-19

Marija Malenovic
Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey
The New Jersey Supreme Court is contemplating if Atlantic City Casino could receive business interruption insurance payments for losses that it suffered throughout the pandemic period, possibly offering guidanc...

Macau’s GGR For First 24 Days Of September At MOP12 Billion

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News
During the first 24 days of September this year, Macau’s gross gaming income (GGR) was calculated to be roughly MOP12 billion, which is approximately $1.49 billion, with MOP500 million, which is roughly $62.1 m...

Flutter Entertainment Acquires Controlling Stake In MaxBet To Enter the Attractive Serbian Market

Radosav Milutinovic
Serbia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, United Kingdom
Flutter Entertainment, a London Stock Exchange listed international sports betting and gambling company, has acquired a controlling stake in Serbia's second-largest sports betting and gaming operator, MaxBet! A...

Singapore Police Seized $1.8 Billion in the Anti-Money Laundering Blitz

Radosav Milutinovic
Turkey, Cambodia, Latest Casino and Gambling News, Casino Destinations, China, World Casino News, Gaming Industry News, Cyprus, Money Laundering, Economy/Finance, Online Gambling News, Dominican Republic, Crime, Philippines, Singapore, Switzerland
The biggest anti-money laundering case in Singapore has resulted in the seizure of assets worth almost S$2.4 billion ($1.76 billion) following the simultaneous raid of 400 police officers in the city that broug...

Gaming Commissioner Awaits More Details From MGM And Caesars On Cyberattack Issue

Radosav Milutinovic
Las Vegas, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Hacking, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Crime, Nevada
Following the recent cyberattacks on MGM International and Caesars Entertainment Inc. and few details provided by the companies affected, Nevada Gaming Commissioner Brian Krolicki reportedly asked for details a...

Mohegan Unveils Its Prediction Regarding Possible Market Size Of Mohegan Inspire

Marija Malenovic
Tribal Gaming, Casino News, Latest Casino and Gambling News, Tribal Gaming, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Casino moguls, Economy/Finance, Connecticut, Asian Casino News, South Korea
As reported by Inside Asian Gaming, Mohegan Gaming and Entertainment, a Connecticut-based tribal gaming company operated by the Mohegan Tribe, reveals that it expects the possible market size for Mohegan Inspir...

Sweden Proposes Gambling Tax Increase To Generate Additional $50 Million In Tax Revenues

Radosav Milutinovic
Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation, Online Gambling News
Swedish government (Regeringen) has announced that the gambling tax rate in the country may increase from 18% to 22% of gross gaming revenue (GGR) since 1 July 2024. The proposal based on the belief that the ga...