Economy/Finance | World Casino News

Playtech chalks up a profitable 2021 due to significant North American growth

March 25, 2022

U.S.A., Latest Casino and Gambling News, Central & South America Gaming, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, United Kingdom

Prominent online casino games developer Playtech has reportedly announced that its net profit for the twelve months to the end of December increased by slightly over 25% year-on-year to top €317.1 million ($349...

Atlantic City sportsbetting tax windfall legislation makes it out of committee

Adam Morgan

March 25, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Sports betting, Taxation, New Jersey

In New Jersey and proposed legislation that would see Atlantic City receive even more of the tax revenues generated by the eastern state’s burgeoning sportsbetting industry has reportedly made it out of committ...

Third Australian state finds Crown Resorts Limited unfit to run a casino

Adam Morgan

March 24, 2022

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

The Western Australia royal commission looking into Crown Resorts Limited has reportedly found the casino operator unfit to hold a local gambling license due to the possibility that it may have been complicit i...

Better Collective A/S entering the budding Canadian iGaming market

Adam Morgan

March 24, 2022

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

Danish sportsbetting analytics firm Better Collective A/S has announced its entry into the embryonic Canadian online gaming market via the purchase of the iGaming comparison website at CanadaSportsBetting.ca. ...

The Star Entertainment Group Limited probe hears about Suncity Group link

Adam Morgan

March 24, 2022

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

In Australia and the public inquiry into The Star Entertainment Group Limited has reportedly been told that the local casino operator continued working with junket firm Suncity Group despite telling the market ...

Summit Ascent Holdings Limited delays planned Tigre De Cristal expansion

Adam Morgan

March 23, 2022

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

Asian casino operator Summit Ascent Holdings Limited has reportedly announced that the planned $200 million expansion of its Tigre De Cristal development is being postponed to ‘no earlier than 2025’ due to a ra...

Virginia judge grants Richmond permission to hold a second casino ballot

Adam Morgan

March 22, 2022

Virginia, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Taxation, Sports betting, Mergers, Acquisitions & Partnerships

A judge has reportedly told the Virginia city of Richmond that it may take a second run at persuading local voters into allowing radio broadcaster Urban One to bring a $600 million casino resort to a 100-acre p...

South Korean firm investing in Russia’s far eastern casino zone

Adam Morgan

March 22, 2022

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

In Russia and the state-owned Primorsky Krai Development Corporation has reportedly signed a deal that is to see South Korean enterprise Plgen Holdings Company Limited bring a $23.9 million casino resort to the...

More delays for under-construction South Korea casino resort project

Adam Morgan

March 21, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, South Korea

In South Korea and the Chinese firm building an $800 million integrated casino resort near the port city of Incheon has for a second time reportedly been granted an official one-year extension to its constructi...

Value of the global casino market expected to top $150 billion by 2026

Adam Morgan

March 21, 2022

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Asian Casino News

American market research firm Global Industry Analysts Incorporated has announced that it expects the world’s online and land-based casino industry to be worth more than $150 billion by the end of 2026. The ...

Betting and Gaming Council signals support for Government’s revival plans

Adam Morgan

March 21, 2022

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Taxation, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, United Kingdom

In the United Kingdom and the head of the influential Betting and Gaming Council lobby group has announced that his industry is prepared to back the government’s post-pandemic economic recovery plans. The Ch...

Asia Pioneer Entertainment Limited expecting to chalk up a 2021 slump

Adam Morgan

March 21, 2022

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

In Macau and electronic gaming machines heavyweight Asia Pioneer Entertainment Limited has reportedly announced that it soon expects to announce a decline of over 80% year-on-year in its aggregated 2021 revenue...

The Star Entertainment Group Limited probe hears disturbing evidence

Adam Morgan

March 18, 2022

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Crime, Fines, Lawsuits & Litigation

In Australia and the value of shares in local casino operator The Star Entertainment Group Limited reportedly dropped to a 17-month low yesterday following news that the firm may have hid gambling transactions ...

MGM Resorts International staying keen on Osaka integrated casino resort

Adam Morgan

March 18, 2022

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

The boss for the MGM Resorts Japan arm of American casino operator MGM Resorts International has reportedly announced that his company remains committed to bringing a large Las Vegas-style gambling development ...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

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

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

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Playtech chalks up a profitable 2021 due to significant North American growth

Atlantic City sportsbetting tax windfall legislation makes it out of committee

Third Australian state finds Crown Resorts Limited unfit to run a casino

Better Collective A/S entering the budding Canadian iGaming market

The Star Entertainment Group Limited probe hears about Suncity Group link

Summit Ascent Holdings Limited delays planned Tigre De Cristal expansion

Virginia judge grants Richmond permission to hold a second casino ballot

South Korean firm investing in Russia’s far eastern casino zone

More delays for under-construction South Korea casino resort project

Value of the global casino market expected to top $150 billion by 2026

Betting and Gaming Council signals support for Government’s revival plans

Asia Pioneer Entertainment Limited expecting to chalk up a 2021 slump

The Star Entertainment Group Limited probe hears disturbing evidence

MGM Resorts International staying keen on Osaka integrated casino resort

Net debt of Macau casino operators has quadrupled since 2019

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