Economy/Finance | World Casino News

Palms Casino Resort Las Vegas re-opens following two-year closure

April 28, 2022

Casino Sales, Tribal Gaming, Las Vegas, Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

In the United States and the San Manuel Band of Mission Indians has announced the re-opening of the iconic Palms Casino Resort Las Vegas following the 703-room property’s closure at the hands of the coronavirus...

Las Vegas Sands Corporation boss expresses Marina Bay Sands optimism

Adam Morgan

April 28, 2022

Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Singapore

The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that he expects his company’s Marina Bay Sands property to rack up $1 billion in adjusted earnings before interest, tax...

GambleAware calls for the implementation of a 1% gross gaming yield levy

Adam Morgan

April 27, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Licensing, United Kingdom

In the United Kingdom and the organization behind the BeGambleAware.org responsible gambling resource has called on the government to implement a mandatory 1% levy to help fund programs tasked with combating an...

Crown Resorts Limited postpones shareholder vote on proposed takeover

Adam Morgan

April 27, 2022

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

In Australia and casino operator Crown Resorts Limited has reportedly postponed its definitive shareholder vote on the proposed $6.35 billion takeover approach from American private equity management firm The B...

Macau chalks up reduced first-quarter gaming tax revenues

Adam Morgan

April 26, 2022

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

The over 40 casinos in the gambling-friendly enclave of Macau reportedly contributed almost $1.08 billion in aggregated taxes during the first three months of the year including approximately $371.21 million in...

Colombia posts record aggregated first-quarter gross gaming revenues

Adam Morgan

April 26, 2022

Colombia, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Sports betting, Taxation

First-quarter aggregated gross gaming revenues in the South American nation of Colombia reportedly increased by 17% year-on-year to top $44.4 million with online casino activities contributing approximately $12...

Massachusetts state senators to consider new sportsbetting legislation

Adam Morgan

April 26, 2022

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

Legislators in the eastern American state of Massachusetts are set to take another run at legalizing sportsbetting after failing to agree on a measure last summer due to a disagreement over the capacity to wage...

South Carolina legislators to consider sportsbetting legalization measure

Adam Morgan

April 25, 2022

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

A pair of lawmakers in the American state of South Carolina have reportedly introduced a measure that would legalize retail and online sportsbetting with the bulk of any resultant tax revenues going to fund loc...

SJM Holdings Limited liquidity position labelled ‘somewhat worrying’

Adam Morgan

April 25, 2022

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

American investment bank JPMorgan Chase and Company has reportedly labelled the liquidity situation of Macau casino operator SJM Holdings Limited as ‘somewhat worrying’ over concerns related to its ability to r...

Wynn Macau Limited establishes $7.9 million junket defence fund

Adam Morgan

April 25, 2022

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

In Macau and casino operator Wynn Macau Limited has reportedly set aside approximately $7.9 million to defend itself against litigation that may be brought by former customers of local junket firm Dore Entertai...

Bloomberry Resorts Corporation to open Solaire North venue in 2023

Adam Morgan

April 22, 2022

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

In the Philippines and the Chairman for local casino operator Bloomberry Resorts Corporation has reportedly announced that his firm remains ‘on track to open’ its new Solaire North development before the end of...

Macau casino operators potentially facing heavy junket liabilities

Adam Morgan

April 22, 2022

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

Global investment bank Credit Suisse Group AG has reportedly warned that the six casino operators in Macau could be on the hook for up to $6.37 billion in aggregated agent claims following the recent demise of ...

Macau lawmakers considering new junket and satellite casino legislation

Adam Morgan

April 21, 2022

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

In Macau and legislation that sets out the future governing of junket providers and satellite casinos reportedly passed its first Legislative Assembly reading yesterday by a 30-to-one vote. According to a re...

DraftKings Incorporated to premiere an Arizona retail sportsbook

Adam Morgan

April 21, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Arizona, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

As part of a deal inked a full year ago and the PGA Tour golf organization has announced that American sportsbetting firm DraftKings Incorporated is to open a sports wagering lounge at its 36-hole TPC Scottsdal...

Primorsky Krai extends casino tax relief measures as sanctions begin to bite

Adam Morgan

April 21, 2022

Gaming Law & Legislation, Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Russia

As international sanctions begin to bite and the government for the Russian territory of Primorsky Krai has reportedly passed legislation to extend a range of tax relief measure for local casino operators by a ...

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Palms Casino Resort Las Vegas re-opens following two-year closure

Las Vegas Sands Corporation boss expresses Marina Bay Sands optimism

GambleAware calls for the implementation of a 1% gross gaming yield levy

Crown Resorts Limited postpones shareholder vote on proposed takeover

Macau chalks up reduced first-quarter gaming tax revenues

Colombia posts record aggregated first-quarter gross gaming revenues

Massachusetts state senators to consider new sportsbetting legislation

South Carolina legislators to consider sportsbetting legalization measure

SJM Holdings Limited liquidity position labelled ‘somewhat worrying’

Wynn Macau Limited establishes $7.9 million junket defence fund

Bloomberry Resorts Corporation to open Solaire North venue in 2023

Macau casino operators potentially facing heavy junket liabilities

Macau lawmakers considering new junket and satellite casino legislation

DraftKings Incorporated to premiere an Arizona retail sportsbook

Primorsky Krai extends casino tax relief measures as sanctions begin to bite

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