Economy/Finance | World Casino News

Chicago sportsbetting proposition stalls amid opposition to low tax rate

December 8, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Sports betting, Illinois

The effort to pass legislation that would bring legalized sportsbetting to the American city of Chicago has reportedly stalled over claims that the measure’s suggested tax rate would bring in just ‘peanuts’ fro...

Playtech issues JKO Play Limited with a takeover bid cut-off date

Adam Morgan

December 8, 2021

Isle of man, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

In the United Kingdom and online casino games developer Playtech has reportedly issued JKO Play Limited with a ‘put-up or shut-up’ notice as it prepares to potentially ponder takeover approaches from multiple p...

Cancellation blow for Macau junket giant Tak Chun Group

Adam Morgan

December 8, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Macau, Mergers, Acquisitions & Partnerships, Crime

Asian junket operator Tak Chun Group has reportedly confirmed that the lucrative cooperation agreements it held with Macau’s collection of six licensed casino operators have been unilaterally cancelled. Acco...

Atlantic City casinos could be facing dire future owing to their PILOT liabilities

Adam Morgan

December 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, New Jersey

In the American state of New Jersey and a senior politician has reportedly warned that four of the nine casinos in Atlantic City could soon be at risk of being put out of business if his compatriots do not amen...

Interim reprieve for operation of electronic gaming machines in Virginia

Adam Morgan

December 7, 2021

Virginia, Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, The Players Lounge, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation

In the southern American state of Virginia and a local judge has reportedly issued a temporary injunction to prevent law enforcement officials from shutting down the retail operation of popular slot-like electr...

Gaming and Leisure Properties Incorporated buying trio of American casinos

Adam Morgan

December 7, 2021

U.S.A., Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American real estate investment trust Gaming and Leisure Properties Incorporated has announced the signing of definitive agreements that are to see it pay in the region of $1.81 billion so as to acquire a trio ...

Lacklustre November financials for Paradise Company Limited

Adam Morgan

December 6, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated November gaming revenues fell by 53.6% month-on-month to sit just shy of $8.4 million as it continu...

Thailand inaugurates body to investigate legalization of casino gambling

Adam Morgan

December 6, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Thailand

The government of Thailand has reportedly established a special cross-bench body that is to be tasked with considering a variety of measures that could well lead to the legalization of some casino gaming. Ac...

Fertitta Entertainment Incorporated attempting to cancel SPAC merger

Adam Morgan

December 6, 2021

NBA, U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

American special purpose acquisition company (SPAC) Fast Acquisition Corporation is reportedly refusing to cancel a deal that is to see it merge with Fertitta Entertainment Incorporated and take the hospitality...

Tough couple of months for American online sportsbetting operators

Adam Morgan

December 3, 2021

NFL, U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

The individual value of stocks in some of the largest online sportsbetting operators in the United States including DraftKings Incorporated and Penn National Gaming Incorporated have reportedly taken a hit over...

Local campaign threatening Nagasaki Prefecture casino bid

Adam Morgan

December 3, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and a group of citizens opposed to the campaign to bring an integrated casino resort to Nagasaki Prefecture has reportedly submitted a petition calling on the local government to halt the entire effort...

Churchill Downs Incorporated said to be exploring potential TwinSpires sale

Adam Morgan

December 3, 2021

U.S.A., Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Newest casino games, Gaming Industry News, Economy/Finance, The Players Lounge, Licenses, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

American casino operator Churchill Downs Incorporated reportedly saw the value of its shares rise by 5.7% yesterday on news that it is potentially exploring the option of selling off its TwinSpires-branded onli...

October brings in $1.7m in online gambling and sports betting revenues for Connecticut

Sadonna Price

December 3, 2021

Tribal Gaming, Latest Casino and Gambling News, Economy/Finance, Connecticut, Sports betting

Connecticut’s online gambling and sports betting industry got started in mid-October, and we now know how the month faired. After starting on October 12, the online services generated around $1.7 million throug...

MGM Resorts International potentially pondering new Las Vegas Strip property

Adam Morgan

December 2, 2021

Latest Casino and Gambling News, Las Vegas, Casino proposals, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

A senior executive with American casino operator MGM Resorts International has reportedly hinted that the firm may soon embark on a plan to bring a new gambling-friendly development to the south end of the Las ...

Macau regulator confirms shuttering of all Suncity Group gaming lounges

Adam Morgan

December 2, 2021

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Employment & Careers, Unlicensed Operation, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly confirmed the temporary closure of all local VIP gaming lounges operated by junket firm Suncity Group. According to a repor...

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Chicago sportsbetting proposition stalls amid opposition to low tax rate

Playtech issues JKO Play Limited with a takeover bid cut-off date

Cancellation blow for Macau junket giant Tak Chun Group

Atlantic City casinos could be facing dire future owing to their PILOT liabilities

Interim reprieve for operation of electronic gaming machines in Virginia

Gaming and Leisure Properties Incorporated buying trio of American casinos

Lacklustre November financials for Paradise Company Limited

Thailand inaugurates body to investigate legalization of casino gambling

Fertitta Entertainment Incorporated attempting to cancel SPAC merger

Local campaign threatening Nagasaki Prefecture casino bid

Churchill Downs Incorporated said to be exploring potential TwinSpires sale

October brings in $1.7m in online gambling and sports betting revenues for Connecticut

MGM Resorts International potentially pondering new Las Vegas Strip property

Macau regulator confirms shuttering of all Suncity Group gaming lounges

Push Gaming Releases New Sweet Slot Sequel, Retro Sweets

Rumbao Tribute Portfolio Hotel in Puerto Rico To Add Casino

Venetian Las Vegas Celebrates 25th Anniversary, Announces $1.5 Billion Renovation Project

MGM Resorts Celebrates Record-Breaking $4.83 Billion Revenue in Q1 of 2024

New Ho-Chunk Casino in Beloit to Open in 2026, Construction Starts This Fall in Southern Wisconsin