Economy/Finance | World Casino News

Macau casino operators facing six-month license extension costs

March 10, 2022

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

In Macau and every member of the enclave’s six-strong club of licensed casino operators is reportedly being asked to pay at least $6.2 million in order to have their lucrative local gambling concessions extende...

Successful private placement for Leisure and Resorts World Corporation

Adam Morgan

March 10, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Philippines

In the Philippines and local casino operator Leisure and Resorts World Corporation has reportedly announced that will use the slightly over $40 million it raised via a Friday private placement exercise to expan...

PayNearMe expands services to 9,000 Walgreens locations adding to deposit options for iGamers

Sadonna Price

March 10, 2022

Latest Casino and Gambling News, U.S.A., Economy/Finance

One of the payment options that is readily available in the United States for online sports betting and casino accounts, is PayNearMe. The payment service is offered via 7-Eleven stores and CVS, allowing player...

Gambling Commission orders SkyVegas.com to pay a $1.5 million fine

Adam Morgan

March 9, 2022

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

In the United Kingdom and the Gambling Commission regulator has reportedly hit SkyVegas.com with a £1.2 million ($1.5 million) penalty after determining that the online casino had wrongly sent marketing materia...

Chile accelerating plans to debut a regulated online gaming market

Adam Morgan

March 9, 2022

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

The government of Chile has reportedly announced that it is stepping up efforts to launch a licensed and regulated online gaming market in hopes of being able to amass as much as $55 million in additional annua...

Naga Vladivostok disposal possibility for NagaCorp Limited

Adam Morgan

March 9, 2022

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

A prominent Asian financial services and trading specialist has reportedly predicted that local casino operator NagaCorp Limited may now be looking to sell off its under-construction Naga Vladivostok developmen...

Macau casino operators experience aggregated share price slump

Adam Morgan

March 8, 2022

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

The six-strong club of Hong Kong-listed casino operators in Macau reportedly saw the aggregated value of their shares drop by almost $3.5 billion over the weekend as investors exercised caution regarding the fu...

California card rooms suing to halt November sportsbetting ballot initiative

Adam Morgan

March 8, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Gaming Industry News, California, Economy/Finance, Employment & Careers, Sports betting, Fines, Lawsuits & Litigation

In California and a pair of prominent card room operators have filed a lawsuit to challenge the legality of an upcoming statewide referendum that could legalize sports wagering and allow tribal casinos to offer...

Philippines to remain on the FATF’s ‘grey list’ despite some improvement

Adam Morgan

March 7, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Money Laundering, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Philippines

The international body that grades countries’ efforts at helping to prevent money laundering and the financing of terrorism has reportedly announced that the Philippines is to remain on its ‘grey list’ of monit...

New York records $1.54 billion online sportsbetting handle for February

Adam Morgan

March 7, 2022

NFL, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Licensing, New York

Online sportsbetting aficionados in the eastern American state of New York reportedly altogether staked some $1.54 billion on wagers last month thanks in large part to increased interest surrounding Super Bowl ...

DraftKings Incorporated hit with $150,000 New Jersey proxy betting fine

Adam Morgan

March 4, 2022

NFL, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Licensing, Fines, Lawsuits & Litigation, New Jersey

The gaming regulator for New Jersey has reportedly penalized American online sportsbetting giant DraftKings Incorporated to the tune of $150,000 after discovering that it had illicitly allowed an out-of-state p...

NagaCorp Limited suspends development of Russian casino project

Adam Morgan

March 4, 2022

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

Asian casino operator NagaCorp Limited has reportedly indefinitely suspended its plan to bring a $350 million Las Vegas-style gambling development to eastern Russia’s Primorye Integrated Entertainment Resort zo...

Apollo Global Management Incorporated pondering Yahoo Sports merger

Adam Morgan

March 3, 2022

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

In the United States and alternative investments firm Apollo Global Management Incorporated is reportedly considering whether to merge its newly-acquired Yahoo Sports digital news service with an existing onlin...

Parimatch and Bet365 close their Russia-facing iGaming domains

Adam Morgan

March 3, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, European Casino News, The Players Lounge, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia

Prominent online casino and sportsbetting operators Parimatch and Bet365 have reportedly pulled their services from Russia after that giant nation’s army last week invaded the neighboring country of Ukraine. ...

Sportradar AG highlights the growing prevalence of match-fixing

Adam Morgan

March 3, 2022

Latest Casino and Gambling News, Gaming Industry News, Money Laundering, Economy/Finance, Sports betting, Online Gambling News, Fantasy eSports, Crime, Switzerland

Sports data intelligence specialist Sportradar AG is warning against the dangers of match-fixing after its Sportradar Integrity Services subsidiary last year detected suspicious activities surrounding a record ...

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Macau casino operators facing six-month license extension costs

Successful private placement for Leisure and Resorts World Corporation

PayNearMe expands services to 9,000 Walgreens locations adding to deposit options for iGamers

Chile accelerating plans to debut a regulated online gaming market

Naga Vladivostok disposal possibility for NagaCorp Limited

California card rooms suing to halt November sportsbetting ballot initiative

Philippines to remain on the FATF’s ‘grey list’ despite some improvement

New York records $1.54 billion online sportsbetting handle for February

DraftKings Incorporated hit with $150,000 New Jersey proxy betting fine

NagaCorp Limited suspends development of Russian casino project

Apollo Global Management Incorporated pondering Yahoo Sports merger

Parimatch and Bet365 close their Russia-facing iGaming domains

Sportradar AG highlights the growing prevalence of match-fixing

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