Economy/Finance

Macau GGR expected to exceed $22 billion by 2027 to incur additional 20% tax to operators

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Online Gambling News, Taxation, Asian Casino News
Analysts at Morgan Stanley are predicting that Macau's gross gaming revenue values will exceed $22 billion by 2027. The predictions follow the signing of new gaming concession contracts by Macau's six operators...

Macau allocates gaming tables and slot machines to impose contingency to operators

Radosav Milutinovic
Casino News, Gaming Law & Legislation, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, The Players Lounge, Asian Casino News, Macau
The new concession period in the Macau gambling industry commences on January 1, 2023. The Macau government has therefore announced the allocation of tables and slot machines following its previous announcement...

ASIC launches civil proceedings against Star Entertainment’s 11 casino executives and directors

Radosav Milutinovic
Gaming Law & Legislation, Australia, Latest Casino and Gambling News, Casino Cheating, World Casino News, Gaming Industry News, Money Laundering, Casino moguls, Economy/Finance, Licenses, Online Gambling News, Oceania Casino News, Labor Relations, Crime, Financial Fraud, Fines, Lawsuits & Litigation
Australia's corporate regulator has commenced legal action against current and former directors and officials of casino operator Star Entertainment Group Ltd.  The Australian Securities and Investments Commissi...
maryland

Maryland’s Mobile Betting’s Report Has Been Announced – the State Generates $186m

Vanja Mitic
U.S.A., 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, Sports betting, Online Gambling News, Taxation, Financial Press Releases, Maryland
Maryland sports betting report has been published, and there is some interesting financial news. A big surprise was the amount of more than $180 million in the mobile handle. That money was spent during the Tha...
chicago bally's

Chicago Plan Commission Approves Bally’s Chicago Casino Proposal

Vanja Mitic
Casino News, U.S.A., Casino Destinations, Casino proposals, Latest Casino and Gambling News, New Hotels, Casino expansion projects, World Casino News, North America Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Illinois
The plans for the Bally's casino in Chicago are already prepared. The one thing that everyone was waiting for was approval from the city's planning agency, which was finally announced on Monday.    The zonin...

Ernst & Young report that compulsory affordability checks affect UK betting and gaming industry

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, European Casino News, Licenses, The Players Lounge, Taxation, Online Gambling News, Financial Press Releases, United Kingdom
After a recent study showed that affordability checks imposed by Government are already affecting revenues, Britain’s regulated betting and gaming sector has called on Government to publish a White Paper and se...
philippines

Privatization of Philippines Casinos Gains Secretary’s Support

Vanja Mitic
Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Labor Relations, Philippines
Benjamin Diokno, the Philippines' Department of Finance Secretary, announced the plans for the Philippines casinos. The plans for privatization have been recently resurrected, and PAGCOR is about to privatize t...

Macau introduces casino play zones for foreign players, offers up to 5% tax relief for attracting overseas customers

Radosav Milutinovic
Taiwan, Casino Destinations, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Casino reviews from Macau, World Casino News, China, Gaming Industry News, Hong Kong, Economy/Finance, The Players Lounge, Taxation, Online Gambling News, Macau, Asian Casino News
Following the recent announcement of Macau’s authorities that this Chinese Administrative Region would be gradually opening up for visitors from abroad and from mainland China,  Macau is to create distinct zone...

Station Casinos set leaders for Durango resort

Marija Malenovic
U.S.A., Las Vegas, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, New Hotels, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Conferences / Trade Shows, Online Gambling News, Labor Relations, Nevada
The grand opening of Durango Resort in southwest valley in Las Vegas, a deluxe resort destination developed by Station Casinos and its subsidiary Red Rock Resorts Incorporated, is less than a year away! With...

Macau gradually opens up as officials expect no large-scale infections in future

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Macau
Macau's authorities announce that this Chinese Administrative Region will be ''gradually opening up'' for visitors from abroad and from mainland China. The COVID outbreak in the community can no longer be contr...

Jay-Z Roc Nation and Caesars cooperation for Times Square Casino proposal

Marija Malenovic
Casino News, U.S.A., Latest Casino and Gambling News, Las Vegas, Casino proposals, Gaming Law & Legislation, Online gambling regulation, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships, Licensing, Taxes, New York
After partnering with SL Green, on Monday, December 5th,  Las Vegas-based Caesars Entertainment publicly announced that it has inked a partnership and support from Roc Nation, the full-service entertainment age...