Economy/Finance | World Casino News

Macau gaming tax increases in 2021 to MOP$33.91 billion

February 21, 2022

Latest Casino and Gambling News, Economy/Finance, Macau

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13....

Peninsula Pacific Entertainment ordered to sell Louisiana casino license

Adam Morgan

February 18, 2022

Casino Sales, Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Louisiana

The gaming regulator for the southern American state of Louisiana has reportedly ordered Peninsula Pacific Entertainment to sell off its dormant land-based casino license within 60 days or risk having the certi...

Betting and Gaming Council highlights Europe’s black market iGaming scene

Adam Morgan

February 18, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, European Casino News, Employment & Careers, Unlicensed Operation, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, United Kingdom

In the United Kingdom and the influential Betting and Gaming Council lobby group has drawn attention to the size of Europe’s black market iGaming scene while warning that the British gambling landscape now stan...

Hard Rock International pinpoints three possible New York City casino locales

Adam Morgan

February 18, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Licenses, New York

American casino operator Hard Rock International has reportedly announced that it has identified three locations in New York City that could potentially serve as the site for a proposed Las Vegas-style developm...

Genting Singapore Limited expresses optimism despite depressed financials

Adam Morgan

February 17, 2022

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Singapore

Asian casino operator Genting Singapore Limited has reportedly expressed ‘a sense of optimism’ about the future despite seeing its net profit for the final six months of 2021 fall by 49% year-on-year to approxi...

The Star Entertainment Group Limited chalks up a half-year net loss

Adam Morgan

February 17, 2022

Australia, Casino News, Latest Casino and Gambling News, Casino project updates, Gaming Industry News, Economy/Finance

In Australia and local casino operator The Star Entertainment Group Limited reportedly recorded a net loss of about $53.2 million for the final six months of last year owing to coronavirus-related capacity rest...

Kindred Group has been ordered to abandon Norway or begin paying fines

Adam Morgan

February 17, 2022

Norway, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Unlicensed Operation, Online Gambling News, Crime, Licensing, Fines, Lawsuits & Litigation

The gaming regulator for Norway has reportedly ordered prominent online casino operator Kindred Group to stop servicing players in the Scandinavian nation or risk being hit with daily fines of up to €118,649 ($...

Michigan sportsbooks set yet another record-breaking sports betting handle in January

Sadonna Price

February 17, 2022

Latest Casino and Gambling News, Economy/Finance, Online Poker, Poker, Sports betting, Online Gambling News, Michigan

Sportsbooks in Michigan continue to do well, with the January reports revealing that yet another record-setting handle has been hit. In January, the state saw its sportsbooks earn over $530 million in bets, the...

Canadian tribes partnering to protect their iGaming rights and futures

Adam Morgan

February 16, 2022

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Canada, Gaming Industry News, Economy/Finance, Ontario, Canadian Tribal, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

In Canada and the Mohawk Council of Kahnawake and the Six Nations of the Grand River have announced the signing of a ‘mutual cooperation agreement on gaming’ as part of an effort to defend their associated righ...

Wynn Resorts Limited inks Encore Boston Harbor lease-back agreement

Adam Morgan

February 16, 2022

Casino Sales, Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Massachusetts

American casino operator Wynn Resorts Limited has announced the signing of a $1.7 billion lease-back deal with real estate investment trust Realty Income involving its Encore Boston Harbor development. The L...

Seneca Nation of Indians hold-up hits New York revenue-sharing deal

Adam Morgan

February 16, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, New York

In the United States and the casino-operating Seneca Nation of Indians has reportedly asked the National Indian Gaming Commission to rule on the legality of its recently-agreed revenue-sharing deal with the sta...

Commercial gaming revenue hits all-time high in United States for 2021 at $53bn

Sadonna Price

February 16, 2022

U.S.A., Latest Casino and Gambling News, Economy/Finance

It appears last year was a record-setting one for commercial casinos in the United States. The American Gaming Association (AGA) is reporting that its Commercial Gaming Revenue Tracker shows the nation reached ...

New York first 30-day online sportsbetting handle tally hits $1.98 billion

Adam Morgan

February 15, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Licensing, Taxes, New York

The seven licensed mobile-friendly online sportsbooks in the eastern American state of New York reportedly chalked up almost $2 billion in aggregated handle over the course of their first 30 days of operation. ...

Super Bowl sportsbetting handle hits record high in Nevada

Adam Morgan

February 15, 2022

NFL, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Nevada

Sportsbettors in the western American state of Nevada reportedly spent an all-time high of $179.8 million wagering on the action from Sunday evening’s Super Bowl LVI to produce an exceptional $15.4 million in o...

Legislation tabled that would bring online sportsbetting to Hawaii

Adam Morgan

February 15, 2022

Hawaii, Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Licensing, Taxes

In the American state of Hawaii and lawmakers are reportedly considering a new piece of legislation that could see the island jurisdiction legalize online sportsbetting with an associated 55% tax rate on any pl...

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Macau gaming tax increases in 2021 to MOP$33.91 billion

Peninsula Pacific Entertainment ordered to sell Louisiana casino license

Betting and Gaming Council highlights Europe’s black market iGaming scene

Hard Rock International pinpoints three possible New York City casino locales

Genting Singapore Limited expresses optimism despite depressed financials

The Star Entertainment Group Limited chalks up a half-year net loss

Kindred Group has been ordered to abandon Norway or begin paying fines

Michigan sportsbooks set yet another record-breaking sports betting handle in January

Canadian tribes partnering to protect their iGaming rights and futures

Wynn Resorts Limited inks Encore Boston Harbor lease-back agreement

Commercial gaming revenue hits all-time high in United States for 2021 at $53bn

New York first 30-day online sportsbetting handle tally hits $1.98 billion

Super Bowl sportsbetting handle hits record high in Nevada

Legislation tabled that would bring online sportsbetting to Hawaii

Real Dealer Studios Releases Revolutionary Volcano Roulette

Inspired Partners with ComeOn Group to Launch Virtual Sports in the Nordics

Democratic Alliance Submits New Bill to Regulate Online Gambling in South Africa

Ukraine Bans Military from Gambling, Requests Online Game Stores and Accounts Blocked

Canadian Regulatory Body Fights Against Competitive Manipulation, Porter Case Sets an Example