Economy/Finance | World Casino News

Positive financial prognosis for DraftKings Incorporated

May 9, 2022

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

The price of individual shares in DraftKings Incorporated reportedly rallied late last week to reach as high as $14.25 following news that the American sportsbetting firm had significantly improved its upcoming...

City of Dreams Mediterranean grand opening could potentially be delayed

Adam Morgan

May 6, 2022

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

On the island nation of Cyprus and the opening date for the €550 million ($581 million) City of Dreams Mediterranean development from Melco Resorts and Entertainment Limited could reportedly soon be pushed back...

Federal court convicts former Mashpee Wampanoag Tribe leader of bribery

Adam Morgan

May 6, 2022

Casino News, Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Gaming Industry News, Economy/Finance, Licenses, Crime, Bribery, Fines, Lawsuits & Litigation, Massachusetts

In the eastern American state of Massachusetts and the former leader of the Mashpee Wampanoag Tribe has reportedly been convicted in federal court on extortion and bribery charges linked to his group’s plan to ...

Flutter Entertainment heralds positive first-quarter performance

Adam Morgan

May 5, 2022

Ireland, U.S.A., NFL, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, United Kingdom

British and Irish iGaming behemoth Flutter Entertainment has reportedly disclosed that the ongoing cost of living crisis in the United Kingdom is not putting punters off gambling as it chalked up a rise of 6% y...

Grand Korea Leisure Company Limited experiences April revenues crash

Adam Morgan

May 5, 2022

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

South Korean casino operator Grand Korea Leisure Company Limited reportedly saw its aggregated gross gaming revenues for April drop by 34.6% year-on-year and almost 81% sequentially to a very disappointing $4.5...

Brazil releases rules on coming fixed-odds online sportsbetting market

Adam Morgan

May 4, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Brazil, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Licensing

The government for the South American nation of Brazil has reportedly signed off on a comprehensive set of new regulations for the giant country’s coming fixed-odds online sportsbetting market. According to ...

Atlantic City casino workers union seeking ‘significant’ pay increases

Adam Morgan

May 4, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, New Jersey

In Atlantic City and the Local 54 branch of the Unite Here trade union is reportedly engaged in extensive negotiations as part of an effort to secure ‘significant’ wage rises for those employed by the resort co...

Intuicode Gaming Corporation buy for Everi Holdings Incorporated

Adam Morgan

May 4, 2022

Online gaming software, Latest Casino and Gambling News, U.S.A., Horse Racing, Gaming Industry News, Technology, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

American casino gaming technologies firm Everi Holdings Incorporated has announced its acquisition of historical horseracing games developer Intuicode Gaming Corporation. The Las Vegas-headquartered firm use...

MGM China Holdings Limited chalks up depressed first-quarter financials

Adam Morgan

May 3, 2022

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

Macau casino operator MGM China Holdings Limited has released its unaudited first-quarter financial results showing that its aggregated revenues dropped by 9% year-on-year to approximately $267.57 million. T...

Northern Ireland retail bookmakers now allowed to open on Sundays

Adam Morgan

May 3, 2022

Bingo, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Sports betting, United Kingdom

New legislation has reportedly come into force in Northern Ireland that allows local sportsbooks and bingo halls to stay open for longer and begin offering their services to punters on Sundays. According to ...

Iowa Greyhound Park to close its doors for good from May 15

Adam Morgan

May 2, 2022

Greyhound Racing, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Iowa, West Virginia

After 37 years in business and the Iowa Greyhound Park is reportedly set to close later this month to leave the two tracks in West Virginia as the United States’ last remaining venues for live greyhound racing....

April setback for Macau aggregated gross gaming revenues

Adam Morgan

May 2, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GG...

MGM Resorts International floats $607 million LeoVegas AB takeover offer

Adam Morgan

May 2, 2022

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

American land-based casino behemoth MGM Resorts International has lodged a $607 million proposal that would see it purchase the entire issued share capital of prominent iGaming operator LeoVegas AB. The Las ...

Kansas legislators endorse wide-ranging sportsbetting legalization measure

Adam Morgan

April 29, 2022

MLS, Latest Casino and Gambling News, NFL, Gaming Law & Legislation, Tribal Gaming, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Online Gambling News, Taxation, Kansas

In the American state of Kansas and legislators have reportedly approved a measure that would allow local sportsbetting aficionados to place wagers in person and via a host of mobile devices. According to a ...

Hard Rock International granted inaugural Virginia casino license

Adam Morgan

April 28, 2022

Virginia, Gaming Law & Legislation, Tribal Gaming, Casino News, Latest Casino and Gambling News, Casino openings, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses

The Virginia Lottery Board regulator has reportedly awarded American casino operator Hard Rock International with a gambling license for its coming $400 million Hard Rock Hotel and Casino Bristol property. A...

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Positive financial prognosis for DraftKings Incorporated

City of Dreams Mediterranean grand opening could potentially be delayed

Federal court convicts former Mashpee Wampanoag Tribe leader of bribery

Flutter Entertainment heralds positive first-quarter performance

Grand Korea Leisure Company Limited experiences April revenues crash

Brazil releases rules on coming fixed-odds online sportsbetting market

Atlantic City casino workers union seeking ‘significant’ pay increases

Intuicode Gaming Corporation buy for Everi Holdings Incorporated

MGM China Holdings Limited chalks up depressed first-quarter financials

Northern Ireland retail bookmakers now allowed to open on Sundays

Iowa Greyhound Park to close its doors for good from May 15

April setback for Macau aggregated gross gaming revenues

MGM Resorts International floats $607 million LeoVegas AB takeover offer

Kansas legislators endorse wide-ranging sportsbetting legalization measure

Hard Rock International granted inaugural Virginia casino license

Grand Traverse Band Launches Temporary Casino in Benzie County, Eyes Future Expansion

MGM China to Report Solid 5% EBITDA Growth in Q4 2024, Outperforming Macau Industry

Intralot and VSC Settle for $6.5 Million Over D.C. Sports Betting Contract Fraud

Detroit Casinos Close 2024 Strong with $1.29 Billion in Annual Revenue

Bill Introduced to Move Rising Sun Casino to New Haven