Economy/Finance

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VICI Properties Acquires Famous Casinos in Alberta

Vanja Mitic
Casino News, Alberta, Latest Casino and Gambling News, Casino Destinations, World Casino News, North America Casino News, Canada, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships
An experiential real estate investment trust, VICI Properties Inc, announced some major news - the company acquired the real estate assets of the biggest casinos in Alberta: two casinos in Edmonton, PURE Casino...

Alabama charges 11 persons for illegal sports betting operations

Radosav Milutinovic
Greyhound Racing, Latest Casino and Gambling News, Horse Racing, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Alabama, Gaming Industry News, Mobile gaming, Economy/Finance, Illegal Bookmaking, Unlicensed Operation, Taxation, Sports betting, Tax Evasion, Online Gambling News, Conspiracy, Fines, Lawsuits & Litigation, Financial Fraud
Federal prosecutors said Friday that 11 people across Alabama have been charged with tax evasion, illegal operation, and money laundering activities in connection to an online sports betting organization. Ille...

Aquis Entertainment finalizes US$42 million sale of Casino Canberra to Iris Capital

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Australia, New Hotels, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Oceania Casino News, Licensing
Australia-based Aquis Entertainment has officially announced that it has finalized the sale of its entire subsidiary, Canberra-based Aquis Canberra Pty Ltd, better known as the Casino Canberra site, to Iris CC ...

New York state imposes $500 million fee for city casino license

Marija Malenovic
Gaming Law & Legislation, U.S.A., Casino proposals, Latest Casino and Gambling News, Casino News, North America Casino News, New Hotels, Online gambling regulation, Casino openings, World Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Licenses, Online Gambling News, Licensing, New York
Once licensed to operate any of New York state's three casinos, the operators are required to pay the state at least a $500 million fee for the gambling license, under new rules authorized by the state's site c...

Emperor Entertainment Hotel signs deal to take over management of Macau’s satellite casino Grand Emperor

Marija Malenovic
Casino News, Gaming Law & Legislation, Latest Casino and Gambling News, Casino Destinations, World Casino News, Online gambling regulation, New Hotels, Casino reviews from Macau, Hong Kong, Gaming Industry News, Game manufacturers, Economy/Finance, Licenses, Macau, Asian Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, Financial Press Releases
After a six-month period of direct administration by Macau gaming licensee, SJM Resorts Ltd., a subsidiary of Hong Kong-based SJM Holdings Ltd., Emperor Entertainment Hotel's subsidiary, Tin Hou Ltd. based in H...

Macau concessionaries report year-to-year casinos fee as 10-year gaming concessions start

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, New Hotels, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Game manufacturers, Conferences / Trade Shows, Online Gambling News, Asian Casino News, Macau, Financial Press Releases
On January 2nd, 2023, six Macau concessionaires reported that they would individually pay the Macau government a base sum of MOP750 dollars per square meter of gaming space for the first 3 years of their latest...

Another Triumphant Year For Nevada’s Gaming Industry

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Las Vegas, Gaming Law & Legislation, Casino News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Online Gambling News, Sports betting, Licensing, Financial Press Releases, Nevada
As December draws to a close, Nevada casinos have already gained in gaming profit what was lost in record performance from 2021. However, December's gaming profit has yet to be analyzed and reported. Increas...

Fontainebleau Developers Acquire $2.2B Financing to complete Strip resort

Marija Malenovic
Latest Casino and Gambling News, Casino News, U.S.A., Las Vegas, Casino proposals, World Casino News, North America Casino News, Casino openings, New Hotels, Casino project updates, Gaming Industry News, Economy/Finance, Florida, Online Gambling News, Mergers, Acquisitions & Partnerships, Nevada, Texas
On Friday, December 23, the founders of the long-postponed Fontainebleau Las Vegas project publicly announced that they have acquired a $2.2 billion construction loan to complete construction of the Fontaineble...

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 Destinations, Casino News, Gaming Law & Legislation, Reviews from the Cotai Strip, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, The Players Lounge, Macau, Asian Casino News
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...