Economy/Finance | World Casino News

Macau gross gaming revenues may suffer amid China visa crackdown

May 18, 2022

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

Global investment bank Credit Suisse Group AG has reportedly warned that Macau could see its aggregated gross gaming revenues crash by as much as 20% this year owing to China’s burgeoning crackdown on granting ...

888 Holdings shareholders solidly approve William Hill takeover proposition

Adam Morgan

May 17, 2022

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

Shareholders in prominent online casino and sportsbook operator 888 Holdings reportedly overwhelmingly approved the deal yesterday that is to see the company acquire the non-American assets of British rival Wil...

Macau casino operating pair found accountable for junket player deposits

Adam Morgan

May 17, 2022

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

The ultimate appellate court for Macau has reportedly found local casino operators MGM China Holdings Limited and Wynn Macau Limited ‘jointly and severally liable’ for nine junket-related deposits. According...

Welcome recovery for Sega Sammy Holdings Incorporated

Adam Morgan

May 17, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Game manufacturers, Japan, Mergers, Acquisitions & Partnerships

In Japan and gaming conglomerate Sega Sammy Holdings Incorporated has reportedly released its financial results for the twelve months to the end of March showing that its net sales had increased by 15.6% year-o...

Proposed alterations for Macau’s under-consideration draft gaming bill

Adam Morgan

May 17, 2022

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

In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator ...

Asian Racing Federation examination highlights illicit iGaming growth

Adam Morgan

May 16, 2022

Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Unlicensed Operation, Asian Casino News, Sports betting, Online Gambling News, Crime, Licensing

As part of a new probe into the global iGaming industry and the Asian Racing Federation has reportedly announced that it believes up to 61% of online gambling domains are effectively operating illegally with ju...

Macau casino operators would benefit from a rumored tax cut proposal

Adam Morgan

May 16, 2022

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

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the ra...

Universal Entertainment Corporation returns to profit as Okada Manila sales surge

Adam Morgan

May 16, 2022

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

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation has reportedly released its first-quarter financial results showing that its net income had swelled by over 260% year-on...

Bragg Gaming Group content studio Wild Streak Gaming expands long-standing collaboration with IGT

Kim M

May 13, 2022

Online gaming software, Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Game manufacturers, European Casino News, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Financial Press Releases, Philippines

Bragg Gaming Group's (NASDAQ: BRAG) Las Vegas-based content studio Wild Streak Gaming has agreed to develop four exclusive new land-based slot titles for British gambling company International Game Technology (...

Aquis Entertainment Limited inks deal to sell its Casino Canberra venue

Adam Morgan

May 13, 2022

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

In Australia and casino operator Aquis Entertainment Limited has reportedly signed an agreement to offload its Casino Canberra property to Capital Leisure and Entertainment Proprietary Limited for approximately...

Depressing first-quarter financials for Galaxy Entertainment Group Limited

Adam Morgan

May 12, 2022

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

Macau casino operator Galaxy Entertainment Group Limited has released its unaudited financial results for the first three months of 2022 showing that its aggregated net revenues had fallen by 20% year-on-year t...

AGA Commercial Gaming Revenue Tracker shows $14bn in Q1 Revenues for US casinos

Sadonna Price

May 12, 2022

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

The Commercial Gaming Revenue Tracker of the American Gaming Association (AGA) is reporting that the first quarter of 2022 has almost reached record-breaking revenue numbers. A total of $14.31 billion was gener...

National Lottery licensing decision headed to the High Court

Adam Morgan

May 11, 2022

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

In the United Kingdom and the Gambling Commission regulator is reportedly set to ask a High Court judge to enforce its recent award of the next ten-year National Lottery operating license to the Allwyn UK subor...

Wynn Macau Limited provides an update on its Macau development plans

Adam Morgan

May 11, 2022

United Arab Emirates, Casino proposals, Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Licenses, Macau, New York

In the casino hotspot of Macau and Asian casino operator Wynn Macau Limited is reportedly reconsidering whether to carry through with plans to further expand its Wynn Macau and Wynn Palace Cotai developments. ...

Depressing gambling revenues forecast for Genting Singapore Limited

Adam Morgan

May 11, 2022

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

Malaysian investments specialist Maybank Investment Bank Berhad has reportedly predicted that gross gambling revenues for Asian casino operator Genting Singapore Limited will likely remain at least partially de...

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Macau gross gaming revenues may suffer amid China visa crackdown

888 Holdings shareholders solidly approve William Hill takeover proposition

Macau casino operating pair found accountable for junket player deposits

Welcome recovery for Sega Sammy Holdings Incorporated

Proposed alterations for Macau’s under-consideration draft gaming bill

Asian Racing Federation examination highlights illicit iGaming growth

Macau casino operators would benefit from a rumored tax cut proposal

Universal Entertainment Corporation returns to profit as Okada Manila sales surge

Bragg Gaming Group content studio Wild Streak Gaming expands long-standing collaboration with IGT

Aquis Entertainment Limited inks deal to sell its Casino Canberra venue

Depressing first-quarter financials for Galaxy Entertainment Group Limited

AGA Commercial Gaming Revenue Tracker shows $14bn in Q1 Revenues for US casinos

National Lottery licensing decision headed to the High Court

Wynn Macau Limited provides an update on its Macau development plans

Depressing gambling revenues forecast for Genting Singapore Limited

Gambling Syndicates in Malaysia Use Foreign Identities to Mask Illicit Activities

Wyoming Legislature Proposes Significant Tax Increases on Gambling Industries

FanDuel Explores Partnership with Kalshi to Enter the Prediction Market Space

Tabcorp Fined Over $4 Million for Spam Law Breaches in VIP Marketing Campaigns

Japan Cracks Down on Illegal Online Gambling by Blocking Access to Foreign Casinos