Economy/Finance | World Casino News

SJM Holdings Limited liquidity position labelled ‘somewhat worrying’

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, Casino project updates, Gaming Industry News, 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, Arizona, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, 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

Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, 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 ...

Wakayama Prefecture integrated casino resort plan in serious jeopardy

Adam Morgan

April 20, 2022

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

In Japan and the proposal to bring an integrated casino resort to Wakayama Prefecture is reportedly in tatters after local legislators voted down the jurisdiction’s associated development plan. According to ...

Las Vegas Sands Corporation invests in US Integrity Incorporated

Adam Morgan

April 20, 2022

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

American technology and data-driven analytics firm US Integrity Incorporated has announced its receipt of a strategic investment of an unspecified amount of cash from prominent land-based casino operator Las Ve...

Nagasaki Prefecture legislators approve final integrated casino resort plan

Adam Morgan

April 20, 2022

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

In southern Japan and local legislators for Nagasaki Prefecture have reportedly voted in favor of the plan that could see the jurisdiction’s Huis Ten Bosch theme park feature a Las Vegas-style integrated casino...

Michigan Gaming Control Board authorizes its 15th iGaming operator

Adam Morgan

April 19, 2022

Latest Casino and Gambling News, Tribal Gaming, Online gaming software, Online gambling regulation, New online casinos, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Taxes, Michigan

The gaming regulator for the midwestern American state of Michigan has announced that Soaring Eagle Gaming has become the 15th enterprise to have been granted a local license to run online casino and sportsbett...

Genting Malaysia Berhad boss potentially interested in launching a cruise line

Adam Morgan

April 19, 2022

Casino News, Casino Cruise Ships, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Singapore

In Asia and speculation is reportedly mounting that the well-known Chairman for Genting Malaysia Berhad could reportedly be about to launch a new cruise line some three months after the liquidation of his Genti...

Pennsylvania sportsbetting industry experiences ‘March Madness’ revival

Adam Morgan

April 19, 2022

NCAA, Latest Casino and Gambling News, Gaming Industry News, Online Poker, Economy/Finance, Sports betting, Online Gambling News, Pennsylvania

Online and retail sportsbooks in the eastern American state of Pennsylvania reportedly recorded aggregated March revenues of slightly beyond $30.4 million after chalking up a combined loss of $442,847 for the p...

Mohegan Gaming and Entertainment to spend $15 million on Mohegan Sun makeovers

Adam Morgan

April 18, 2022

Casino News, Latest Casino and Gambling News, Tribal Gaming, Casino expansion projects, Gaming Industry News, Economy/Finance, Connecticut, Mergers, Acquisitions & Partnerships

In the eastern American state of Connecticut and the Mohegan Gaming and Entertainment enterprise of the federally-recognized Mohegan Tribe has announced that it is to invest some $15 million into its giant Mohe...

Light & Wonder completes successful debt refinancing exercises

Adam Morgan

April 18, 2022

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

American gaming machines behemoth Scientific Games Corporation has announced that its new Light & Wonder arm has successfully completed a pair of debt refinancing transactions to reduce its aggregated arrea...

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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

Wakayama Prefecture integrated casino resort plan in serious jeopardy

Las Vegas Sands Corporation invests in US Integrity Incorporated

Nagasaki Prefecture legislators approve final integrated casino resort plan

Michigan Gaming Control Board authorizes its 15th iGaming operator

Genting Malaysia Berhad boss potentially interested in launching a cruise line

Pennsylvania sportsbetting industry experiences ‘March Madness’ revival

Mohegan Gaming and Entertainment to spend $15 million on Mohegan Sun makeovers

Light & Wonder completes successful debt refinancing exercises

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