Financial Press Releases

Pagcor Doubled Net Income in Q1 on 50% Revenue Growth

Radosav Milutinovic
Casino Destinations, Casino News, World Casino News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, reported that its net income for the first quarter of 2023 amounted to approximately PHP1.34 billion (US$24.0 million). ...

US Commercial Gaming Revenue Hit Historical $5.12 Billion in February

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Delaware, Sports betting, Online Gambling News, Financial Press Releases, Louisiana, Maryland, Massachusetts, Montana, Ohio, South Dakota
The U.S. commercial gaming operations started the year with full steam to continue the growth in February. According to AGA’s Commercial Gaming Revenue Tracker, the U.S. gaming industry comprising traditional c...

Las Vegas Sands Reports First Quarter Revenues Soaring Over $3 Billion

Radosav Milutinovic
U.S.A., Las Vegas, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, China, Gaming Industry News, Economy/Finance, Mobile gaming, Asian Casino News, Macau, Online Gambling News, Financial Press Releases, Singapore, Nevada
The eminent developer and operator of world-class Integrated Resort, Las Vegas Sands Corp., reported its financial results for the first quarter of 2023 today. The report stated that the recovery of the company...

Star Entertainment Cuts 500 Jobs and Amends 2023 Earnings Forecast

Radosav Milutinovic
Casino Sales, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Employment & Careers, Online Gambling News, Taxation, Oceania Casino News, Labor Relations, Fines, Lawsuits & Litigation, Financial Press Releases
Star Entertainment Group, one of Australia's leading entertainment and gambling companies, reportedly announced that it will cut 500 jobs in an attempt to set off a series of regulatory restrictions and...
star casinos

Star Casino and United Workers Union Against the Tax Increase

Vanja Mitic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, Taxes, Financial Press Releases
The workers in Sydney’s Star casino are worried about their future - and with a reason. Since gaming taxes will be increased in July, many of them will lose their jobs. That’s why the Union decided to schedule ...

Novomatic Reports 55% Revenue and 230% Profit Increase in 2022

Radosav Milutinovic
Austria, Latest Casino and Gambling News, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Technology, Casino project updates, Economy/Finance, Mobile gaming, European Casino News, Online Gambling News, Sports betting, Financial Press Releases
Novomatic AG, the Austria-headquartered  gaming equipment developer, and operator reported that the group generated gross revenue of EUR2.86 billion (US$3.14 billion) in the financial year 2022 which represents...

IMF Expects Gaming Exports to Boost Macau’s Economic Growth to 59% in 2023

Radosav Milutinovic
Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, China, World Casino News, Gaming Industry News, Asian Casino News, Macau, Financial Press Releases
Within the scope of the latest release of its World Economic Outlook, the International Monetary Fund (IMF) anticipates that the economy of the Macau Special Administrative Region (SAR) will grow by 58.9% in 20...

New York Sports Betting Hit Record $163.6 Million Revenue in March

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Financial Press Releases, Nevada, New Jersey, New York, Ohio, Pennsylvania
New York sports betting operators had a record monthly performance in March. According to the source, the New York State Gaming Commission reported that the sports betting operators in the Empire State generate...

Illinois Casino Profits Fell By $200M Compared To 2012; Chicago Wagers On Casino

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Illinois, Financial Press Releases
For decades, the casino industry has been one of the major contributors to the Illinois economy. However, things have changed; as from 2012 to 2022, the same industry saw a $200 million decline, according to da...
funding

Sports Betting Operators in the District Against Stripping the Funds from Problem Gambling

Vanja Mitic
D.C., Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases
Problem gambling is currently among the biggest problems in the whole industry. These days, it’s a point of argument between private sports betting operators and the District. The DC wants to use part of the...

Atlantic City Casinos Recorded 4.6% Lower Operating Profit in 2022

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Financial Press Releases, New Jersey
Atlantic City’s nine casino resorts collectively had a 4.6% lower operating profit in 2022 than the previous year to testify to the long-lasting impact of the 2020 COVID-19 outbreak on the profitability of the ...

Melco Opens Foreigner-Only Gaming Areas In Its Macau Facilities

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, Reviews from the Cotai Strip, World Casino News, Casino openings, Casino reviews from Macau, Casino expansion projects, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
Lawrence Ho, the Chairman and CEO of Asian casino operator Melco Resorts, confirmed Thursday that the company has now opened three gaming areas of its Macau-based casinos exclusively to be used by foreign playe...
Jamul Indian Village Development Corporation

Jamul Indian Village Development Corporation Got the Funds to Finance New Hotel Building

Vanja Mitic
Tribal Gaming, Tribal Gaming, Casino Destinations, Casino News, New Hotels, Casino expansion projects, Gaming Industry News, Economy/Finance, California, Financial Press Releases
The Syndicate of commercial banks, whose leader is KeyBanc Capital Markets Inc, approved a $515 million credit to the Jamul Indian Village Development Corporation (JIVDC). The company already operates Jamul Cas...