Economy/Finance

Melco Opens Foreigner-Only Gaming Areas In Its Macau Facilities

Radosav Milutinovic
Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, Casino expansion projects, World Casino News, Casino openings, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
Lawrence Ho, the Chairman and CEO of Asian casino operator Melco Resorts, confirmed Thursday that the company has now opened three gaming areas of its Macau-based casinos exclusively to be used by foreign playe...
Jamul Indian Village Development Corporation

Jamul Indian Village Development Corporation Got the Funds to Finance New Hotel Building

Vanja Mitic
Tribal Gaming, Casino Destinations, Casino News, Tribal Gaming, Casino expansion projects, New Hotels, Gaming Industry News, California, Economy/Finance, Financial Press Releases
The Syndicate of commercial banks, whose leader is KeyBanc Capital Markets Inc, approved a $515 million credit to the Jamul Indian Village Development Corporation (JIVDC). The company already operates Jamul Cas...
texas

Casinos and Sports Betting Legalization in Texas – It’s Up to Voters

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Casino proposals, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Licenses, Sports betting, Online Gambling News, Licensing, Texas
Seems like casinos and sports betting will soon be legalized in Texas! Many gaming advocates keep fighting for legalization, and the progress is noticeable. A step towards legalization: Two main proposals...

BGC Expects UK Regulators to Scale Gambling Reforms and Protect Land-Based Operators

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, European Casino News, Employment & Careers, Sports betting, Taxation, Online Gambling News, Financial Press Releases, United Kingdom
Awaiting the UK government's Gambling White Paper which will set out new reforms to wagering and gaming operations in the country, the industry standards body, Betting & Gaming Council (BGC), sa...

MGM China Reports US$666 Million Profit Drop In 2022

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
MGM China, a Macau-based flagship developer, owner and operator of gaming resorts and accommodation in the Greater China region, officially announced overnight a decline in group-wide profit of HK$5.23 billion,...
georgia

Georgia Continues with the Reforms of the Gambling Laws to Align with the EU Conditions

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Taxation, Online Gambling News, Georgia-Eurasia, Licensing, Taxes
The Georgian government kept proceeding with the reforms that impacted both casinos and the players. Since the reforms began earlier this month, more than 1.4 million players from Georgia have been banned from ...

Summit Ascent Faces Contingencies and Records Growth at Tigre de Cristal Casino in Russia

Radosav Milutinovic
Casino proposals, Latest Casino and Gambling News, Casino News, Casino Destinations, Casino expansion projects, World Casino News, Casino project updates, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Financial Press Releases, Russia
Asian casino operator Summit Ascent Holdings announced a $200 million expansion of its Russian-integrated resort Tigre de Cristal earlier. Last year, the COVID-19 pandemic and the Russian invasion of Ukraine po...

North Carolina Legislators Step Closer to Legalize Sports Wagering

Radosav Milutinovic
Virginia, Tennessee, Gaming Law & Legislation, Tribal Gaming, U.S.A., Casino proposals, Latest Casino and Gambling News, Casino News, North America Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Sports betting, Taxation, Licensing, Taxes, North Carolina
A bill to legalize sports wagering is to clear the North Carolina House of Representatives and be sent to the Senate for final approval. The representatives approved the proposal on a 66-45 vote Tuesday less th...
william hill group

£19.2 Million Fine for William Hill Group’s Businesses

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
William Hill Group’s brands WHG (International) Limited, Mr Green limited, and William Hill Organization Limited have to pay a fine of £19.2 million in total for violations and failures related to social respon...

Philippine Senator Recommends Banning POGOs Within 3 Months

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, Casino News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Licenses, Asian Casino News, Taxation, Online Gambling News, Crime, Licensing, Taxes, Philippines
Philippine Senator Sherwin Gatchalian, chairman of the Senate’s Committee on Ways and Means, recommended the country's government to officially shut down Philippine Offshore Gaming Operators (POGOs), which are ...

Dutch Gaming Authority Imposed EUR 25,000 Conditional Fine on Winning Poker Network

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, Fines, Lawsuits & Litigation, Netherlands
In September 2022, De Kansspelautoriteit (Ksa), the Gaming Authority in the Netherlands, determined that one of the busiest Dutch gaming networks, Winning Poker Network (WPN), violated its rules. The regulato...

Pickering To Split Casino Profits With Durham For Social Housing Projects

Marija Malenovic
Casino News, Latest Casino and Gambling News, North America Casino News, Canada, World Casino News, Gaming Industry News, Economy/Finance, Ontario, Online Gambling News, Mergers, Acquisitions & Partnerships
The city of Pickering, Ontario, Canada has officially signed an agreement to give a portion of its casino gaming profits to Durham Region, becoming the first city in Ontario to do so. Furthermore, Durham sho...

Richton Park Casino and Racing Development Versus Hawthorne Veto Power

Radosav Milutinovic
Gaming Law & Legislation, Horse Racing, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Illinois
The real-estate developer Greenway Entertainment Group announced Wednesday its intention to build a casino and horse race track in south suburban Richton Park. In line with the announcement, Illinois lawmakers ...