Economy/Finance

Crown Melbourne to Pay Additional AU$20 Million Fine For Wrong Tax Deduction Claims

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Tax Evasion, Oceania Casino News, Fines, Lawsuits & Litigation
Following the series of fines imposed to the Australian casino operator Crown Melbourne over the last two years, the Victorian Gambling and Casino Control Commission (VGCCC) now holds the operator responsible f...

Videoslots Limited To Pay £2 Million Regulatory Settlement for Non-Compliant Procedures

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, European Casino News, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
The UK Gambling Commission has issued a 2 million pound regulatory settlement for Videoslots Limited for the operator's failure to comply with the social responsibility and anti-money laundering (AML) procedure...

Arizona’s Sports Betting Handle in March 2023 Exceeds $600 Million Again

Radosav Milutinovic
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Arizona, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation
The Arizona Department of Gaming (ADG) reports that the sports wagering handle in the state of Arizona reached the level of more than $644 million in March of 2023, which is the second highest monthly level sin...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Marija Malenovic
Laos, Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Asian Casino News, Taxation, Mergers, Acquisitions & Partnerships, Licensing, Taxes
Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Entain to Acquire STS Holdings for $946 Million to Expand in Poland

Radosav Milutinovic
Croatia, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Poland, United Kingdom
Entain, the global sports-betting, gaming, and entertainment group announced the acquisition of the Poland-based sports betting operator STS Holdings. As Reuters news agency reports, Entain is launching a tende...

Richmond City Council Votes To Bring To Life Proposed Casino Project; Second Referendum Likely This Fall

Marija Malenovic
Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Taxation, Licensing, Taxes
During a meeting Monday night, June 12, the Richmond City Council voted 8 to 1 in favor of the bill that would put ONE Casino+Resort back on the November ballot, which will likely move to a second referendum vo...

Macau Tax Revenue Increases 15% in May, Contributes 79% to Total Region’s Income

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases
Inside Asian Gaming reports that the Macau government collected MOP$5.7 billion (US$706 million) in gaming tax revenue in May 2023. The source also transfers the data from the Financial Services Bureau reportin...

Seneca Nation Unveils New 20-Year Gaming Compact With New York State

Marija Malenovic
Tribal Gaming, Latest Casino and Gambling News, Tribal Gaming, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York
After several months of discussions, on June 7, the Seneca Nation of Indians revealed that it had struck an agreement in principle with New York State on the newest 20-year casino gaming compact to continue man...

North Carolina Online Sports Betting Bill To Be Signed into Law

Radosav Milutinovic
Tribal Gaming, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Licenses, Sports betting, Taxation, Online Gambling News, North Carolina
The North Carolina legislature has given a final approval on June 7, 2023 to legalize online sports gambling in the state. The bill additionally allowing sports gambling in selected land-based gambling faciliti...

Star Entertainment Pushes the Opening of ”Queen’s Dwarf” to April 2024

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, Casino project updates, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Fines, Lawsuits & Litigation
Following a series of accusations for the Queensland casino laws violations, and the financial issues resulting in extensive lay-offs, the Australian gaming corporation Star Entertainment is facing another prob...

Montreal Casino Staff Announces Strike Ahead of Formula 1 Event

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Canada, Gaming Industry News, Economy/Finance, Employment & Careers, Quebec, Labor Relations
More than 1,000 Montreal casino employees have announced a five-day strike to speed up the wage negotiations with the employer Loto-Quebec that commenced in June 2022. According to Montreal Gazette, the custome...