Economy/Finance | World Casino News

Rank Group returns an annual profit despite experiencing a ‘challenging’ year

August 22, 2022

Bingo, Casino News, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, United Kingdom

In the United Kingdom and prominent land-based and online gaming operator Rank Group has announced that it recorded an underlying net profit of £40.4 million ($47.6 million) for the twelve months to the end of ...

MGM China Holdings Limited taking concession consideration steps

Adam Morgan

August 22, 2022

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

In Macau and local casino operator MGM China Holdings Limited has announced that it is coming into line with recently-ratified legislation so as to be able to obtain one of the former Portuguese enclave’s new t...

Borgata Hotel Casino and Spa sets new monthly net gambling revenues record

Adam Morgan

August 19, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, New Jersey, Pennsylvania

In New Jersey and the 2,700-room Borgata Hotel Casino and Spa reportedly set a new statewide monthly net gambling revenues record in July after chalking up combined win of more than $124 million. According t...

Second-quarter setbacks for Melco Resorts and Entertainment Limited

Adam Morgan

August 19, 2022

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

Asian casino operator Melco Resorts and Entertainment Limited has released its unaudited financial results for the three months to the end of June showing a net loss that grew by 35.4% year-on-year to stand at ...

Penn Entertainment Incorporated to fully acquire Barstool Sports Incorporated

Adam Morgan

August 18, 2022

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

American casino operator Penn Entertainment Incorporated has reportedly inked a deal that is to see it pay approximately $387 million so as to fully acquire all of the outstanding shares of online sportsbetting...

American interests help Sportradar AG to record second-quarter growth

Adam Morgan

August 18, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Sports betting, Switzerland

Sports data intelligence specialist Sportradar AG has released its second-quarter financial result showing that it experienced a bump of 23% year-on-year in its aggregated revenues to approximately $186 million...

New Jersey gambling revenues increase in July but casinos still struggle to reach pre-pandemic levels

Sadonna Price

August 18, 2022

Latest Casino and Gambling News, Economy/Finance, New Jersey

The New Jersey Division of Gaming Enforcement (DGE) just released the revenue reports for gambling in the state for the month of July. Casinos, horse tracks, and online providers were able to earn over $480 mil...

Former Indiana casino executive sentenced to two-month federal prison term

Adam Morgan

August 18, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Indiana

In the American state of Indiana and a prominent former casino executive has reportedly been sentenced to serve two months in federal prison after being found guilty of running a scheme that illegally funneled ...

Entain hit with record-setting Gambling Commission fine

Adam Morgan

August 17, 2022

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Licensing, Fines, Lawsuits & Litigation, United Kingdom

Less than a week after hitting the online sportsbetting exchange at Smarkets.com with a six-figure fine and the United Kingdom’s Gambling Commission regulator has now reportedly ordered Entain to pay a penalty ...

Okada Manila ownership row headed to court in the Philippines

Adam Morgan

August 16, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

In the Philippines and the long-running battle to determine who has ultimate control over the 993-room Okada Manila facility is reportedly heading to court after owner Universal Entertainment Corporation announ...

Encore Boston Harbor records commanding July casino performance

Adam Morgan

August 16, 2022

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

The Encore Boston Harbor facility from American casino operator Wynn Resorts Limited is proving popular with Massachusetts gamblers after reportedly amassing a 66% market share for July and chalking up associat...

Double defeat for Arkansas anti-casino group’s referendum campaign

Adam Morgan

August 16, 2022

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

In the southern American state of Arkansas and a group that is lobbying against the move to bring a commercial casino to Pope County has reportedly been dealt a setback associated with its petition drive. Ac...

Widening second-quarter net loss for Sands China Limited

Adam Morgan

August 15, 2022

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

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has released its unaudited financial results for the first six months of the year showing a net loss...

Inspired Entertainment Incorporated proposing PlayAGS Incorporated buy

Adam Morgan

August 15, 2022

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

Prominent casino games and systems developer Inspired Entertainment Incorporated has reportedly floated a deal that could see it purchase fellow American iGaming specialist PlayAGS Incorporated for roughly $370...

American Gaming Association hails commercial casino industry recovery

Adam Morgan

August 12, 2022

Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News

In the United States and the American Gaming Association trade group has announced that the nation’s aggregated second-quarter commercial land-based and online gross gaming and sportsbetting revenues hit an all...

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Rank Group returns an annual profit despite experiencing a ‘challenging’ year

MGM China Holdings Limited taking concession consideration steps

Borgata Hotel Casino and Spa sets new monthly net gambling revenues record

Second-quarter setbacks for Melco Resorts and Entertainment Limited

Penn Entertainment Incorporated to fully acquire Barstool Sports Incorporated

American interests help Sportradar AG to record second-quarter growth

New Jersey gambling revenues increase in July but casinos still struggle to reach pre-pandemic levels

Former Indiana casino executive sentenced to two-month federal prison term

Okada Manila ownership row headed to court in the Philippines

Encore Boston Harbor records commanding July casino performance

Double defeat for Arkansas anti-casino group’s referendum campaign

Widening second-quarter net loss for Sands China Limited

Inspired Entertainment Incorporated proposing PlayAGS Incorporated buy

American Gaming Association hails commercial casino industry recovery

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida

Kentucky’s Largest Retail Sportsbook Set to Open at The Mint Gaming Hall