Economy/Finance

North Carolina Lawmakers Exclude Three Casino Developments From The 2024 Budget

Radosav Milutinovic
Tribal Gaming, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino expansion projects, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Online Gambling News, North Carolina
After Republicans in the North Carolina legislature drafted a bill to allow three casino developments in the state, a final budget will reportedly be passed without such a proposal. As reported by Associated Pr...

Wall Street Analyst Expects $200 Million Cyber Insurance Coverage for MGM Resorts

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, North America Casino News, Hacking, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Crime, Nevada
JMP Securities gaming analyst Jordan Bender reportedly estimates that the the losses recently incurred to MGM Resorts International by a September 11 cyberattack could be covered by a $200 million cyber insuran...

Macau’s Mass GGR To Reach Pre-Covid Levels During Upcoming October Golden Week

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
As reported by Inside Asian Gaming, gaming income across Macau is predicted to recuperate 100% over the coming holiday period, approaching the levels seen during the October Golden Week that took place in 2019....
acquisition

Better Collective Acquires Oldest Danish Sports Media Tipsbladet for €6.5 million

Vanja Mitic
Denmark, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships
Better Collective acquired the renowned Danish sports media Tipsbladet for 6.5 million EUR.  Media with the longest tradition: Tipsbladet established itself as the sports media with the longest tradition ...

Macau Banks Banned From Doing Business With Foreign Gaming Operators, AMCM’s Updated Industry Guidance Says

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Crime
As reported by Asia Gaming Brief, the Monetary Authority of Macao (AMCM), Macau's financial regulatory body, released "updated industry guidance on Anti-Money Laundering/Combating the Financing of Terrorism (AM...

US Commercial Casinos Collected Nearly $5.4 Billion From Punters In July; Most Significant Month Ever

Marija Malenovic
Washington D.C., Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
As AP News reported, US commercial casinos experienced their greatest July ever in 2023, collecting almost $5.4 billion from punters, in compliance with numbers published Thursday, September 14, by the AGA's Co...
playtika

Playtika Signs Acquisition Agreement with Israeli-based Innplay Labs for up to $300 Million

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships
Digital entertainment company, Playtika Holding Corp. (NASDAQ: PLTK), will reportedly acquire fellow Israel-based company Innplay Labs for as much as $300 million (£241.4m/€281.5m), having entered into a defini...

Caesars Entertainment Target Of Hacker Attack; Pays Hackers To Stop Data Leak

Marija Malenovic
Cryptocurrency, Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Technology, Hacking, Gaming Industry News, Casino moguls, Economy/Finance, Crime
Following the cybersecurity issue that hit MGM Resorts International's US properties, the Las Vegas Review Journal and Bloomberg now reported that Caesars Entertainment Inc. paid out tens of millions of dollars...

JP Morgan Expects Macau’s September 2023 Revenue Decline Due to Natural Calamity

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, Reviews from the Cotai Strip, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
Based on the gross gaming revenue levels reached by Macau's gambling industry in the first ten days of this month and the heavy weather conditions featuring the same period, financial agency JP Morgan reportedl...
hong kong

Oh Luen’s Sales Manager Pleaded Guilty in Wynn Macau Bribery Case

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Hong Kong, Gaming Industry News, Economy/Finance, Macau, Crime, Bribery, Fines, Lawsuits & Litigation
After the bribery case in Hong Kong was revealed in May last year, the sales manager who has been charged with offering various bribes has pleaded guilty.  Guilty over the bribery: The employee and former d...
tabcorp

Tabcorp Settles the Dispute with Australian Taxation Office, Benefits about $83 Million

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Taxation, Sports betting, Financial Press Releases
The largest gambling company in Australia, Tabcorp Holding Limited, settled the dispute it had with the Australian Taxation Office, which occurred because of the issues with the income tax treatment for many li...

Sportech Intends To Remove Stocks From London’s Junior AIM; Pre-Tax Loss Significantly Reduced

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Taxation, Taxes, Financial Press Releases, United Kingdom
UK-based entertainment and online gambling firm Sportech, intends to ask for shareholder validation to remove its shares from London’s junior Alternative Investment Market (AIM) because of the large burden of s...

Possible Revival Of Two Casino Projects In US Means Well For Genting Malaysia

Marija Malenovic
Tribal Gaming, U.S.A., Casino proposals, Latest Casino and Gambling News, Casino News, Tribal Gaming, New Hotels, Casino expansion projects, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Licenses, Asian Casino News, Malaysia, Licensing, Massachusetts, New York
Following the possible continuation of two crucial casino projects in the US, Maybank Investment Bank commented in a note published on September 10 that they "could raise Genting Malaysia’s long-term earnings e...