Economy/Finance

Atlantic City Casino Industry Saw 15% Lower Profit in First Quarter of 2023

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Labor Relations, Financial Press Releases, New Jersey
Associated Press reports that the Atlantic City’s casino industry collected an almost 15% lower gross operating profit in the first quarter of 2023 in comparison to the first quarter of the last year. Accordi...

PAGCOR’s Casino Sale To Be Extra Difficult As Local Players Move To Entertainment City And Clark; Local Demand As Main Driver Of Philippine Gaming Industry

Marija Malenovic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines
Philippines gaming regulator PAGCOR's move to officially sell its casinos is predicted to be hampered by the growing number of domestic players moving from PAGCOR casinos to integrated resorts in Manila and Cla...
skillonnet

Fine of £305.150 Issued to SkillOnNet Because of Money Laundering and Social Responsibility Breaches

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
The UK Gambling Commission recently found out that SkillOnNet Limited committed various breaches related to social responsibility and money laundering rules. The Commission issued a fine of £305.150 to the comp...

Maverick Gaming Opens $2 Million Poker Room in Mountlake Terrace, Washington

Radosav Milutinovic
Washington, Latest Casino and Gambling News, Casino News, U.S.A., Casino expansion projects, World Casino News, North America Casino News, Casino openings, Gaming Industry News, Brick-n-Mortar Poker Rooms, Economy/Finance, Colorado, Employment & Careers, Poker, Labor Relations, Nevada
On May 19, 2023, Maverick Gaming, one of the youngest and the fastest growing casino operators in the United States, celebrated the grand opening of its new Ace's Poker room in the city of Mountlake Terrace, Wa...
acquisition

Paf Acquires Two 888’s Latvian Brands WilliamHill.lv and MrGreen.lv

Vanja Mitic
Latvia, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships
One of the most successful betting and gaming companies in the world, 888 Holding Plc, is selling its Latvian operations. Famous brands owned by 888, WilliamHill.lv, and MrGreen.lv will be acquired by Paf Consu...

Macau Casinos Mount Comeback As Mass-Market Players Return; Galaxy Entertainment Group Returns To Pre-Pandemic Profit Levels as EBITDA Reaches US$244M

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
In the first quarter of 2023, casinos in Macau saw a recovery, with Galaxy Entertainment on Monday the newest to announce a big rebound in profit after the official lifting of Covid-19 restrictions. Returnin...

Light & Wonder Submits Proposal To Purchase Remaining Shares Of SciPlay

Marija Malenovic
Casino Sales, Las Vegas, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Mergers, Acquisitions & Partnerships
Light & Wonder, previously known as Scientific Games Corp, a flagship developer of land-based and digital games based in Las Vegas, Nevada, has reported its latest proposal to purchase the remaining 17% sta...

VICI Properties Inc. Signs Definitive Agreements To Purchase Four Properties From Century Casinos Inc.

Marija Malenovic
Casino Sales, U.S.A., Horse Racing, Latest Casino and Gambling News, Casino News, Alberta, Canada, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Colorado, Licenses, Horse Racing, Mergers, Acquisitions & Partnerships, Licensing, New York
On May 17, VICI Properties Inc., a New York-based real estate investment trust, disclosed that it has signed a definitive agreement to purchase the real estate properties of Century Casino & Hotel Edmonton,...

Commercial Gaming Income in Q1 2023 Hits New Quarterly Record, Surpassing $16 Billion

Marija Malenovic
Tribal Gaming, Washington D.C., Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
On May 16, the American Gaming Association (AGA) officially unveiled its State of the States 2023 report, offering the final state-by-state economic and regulatory analysis of US commercial gaming in 2022 for p...
mgm

MGM Springfield Records Revenue Increase, Three Massachusetts Casinos Earned $101M

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Oceania Casino News, Financial Press Releases, Massachusetts
MGM Springfield reported an increase in revenue this year compared to 2022. Neither economic crisis nor growing competition in the online and mobile sports betting industry hasn't had a chance against this indu...

AGA: American Sports Betting Sentiment Rose 22% Since 2018 PASPA Repeal; US Simultaneously Recorded $220 Billion Handle

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxes, Kentucky, Nevada
The Professional and Amateur Sports Protection Act of 1992, known as PASPA, regulated the U.S. sports wagering market until 2018 when Supreme Court ruled that the PASPA conflicted with the Tenth Amendment and r...