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Galaxy Entertainment posts first quarterly profit gain since 2014

April 28, 2016

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Well-established Macau gaming operator Galaxy Entertainment Group has posted quarterly profit gain for the first time since 2014. The financial data, which was released on Wednesday, revealed solid results than...

Mississippi casino revenue declines 5% as Gulf Coast gaming slows down

Alex Lanter

April 26, 2016

Latest Casino and Gambling News, Economy/Finance, Financial Press Releases, Mississippi

Mississippi casino revenue fell from $198 million in March 2015 to $188 million in March 2016, after Gulf Coast properties such as Harrah’s Gulf Coast and Hollywood Casino Bay St. Louis recorded a slowdown of 4...

Total quarter revenue up slightly for Detroit casinos

Kim M

April 13, 2016

Latest Casino and Gambling News, Financial Press Releases, Michigan

Compared with March 2015, revenue from Detroit’s three commercially licensed casinos rose 0.8 percent and 7 percent from February. However, according to the Revenue and Wage Report released on Tuesday by the Mi...

MGM Growth Properties files IPO; Expects to raise $100 million

Alex Lanter

March 25, 2016

Las Vegas, Latest Casino and Gambling News, Economy/Finance, Financial Press Releases

In October, 2015, MGM revealed plans of starting a real estate investment trust (REIT) called MGM Growth Properties. Several months later, in its Tuesday Securities and Exchange Commission filing, the company a...

Yearly net loss for Imperial Pacific narrows to US$11 million

Kim M

March 17, 2016

Latest Casino and Gambling News, Hong Kong, Northern Mariana Islands, Financial Press Releases, Saipan

On Monday, Hong Kong-listed gaming investor Imperial Pacific International Holdings Ltd (HKG: 1076) reported a net loss of HKD84.37 million (US$10.87 million) for the entire 2015, compared to 2014’s loss of HKD...

Gulf casino’s January revenue up 15 percent

Kim M

February 21, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Mississippi

Mississippi's Gulf Coast casino’s January revenue of $100.5 million, which is a $13 million increase over the $87.3 million posted for the same period last year, means a 15 percent increase for the region’s cas...

Michigan State earns $21.9 million from FireKeepers Casino in revenue-sharing payments

Kim M

February 18, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Financial Press Releases, Michigan

In 2015, the state of Michigan and area municipalities received $21.9 million in revenue-sharing payments from the FireKeepers Casino Hotel. That’s a 7.8 percent increase for the year totaling $16.6 million ...

Wynn Macau reveals a 27% drop in fourth quarter operating revenues

Alex Lanter

February 12, 2016

Latest Casino and Gambling News, Economy/Finance, Macau, Financial Press Releases

Wynn Resorts Macau published a net revenue report that reveals a drastic drop of 27% for the fourth quarter of 2015. The total amount the operator generated is $555.7 million, whereas during the same period in ...

Winter storm dampens Maryland casino revenue

Kim M

February 6, 2016

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Maryland

While the recent weekend snowstorm has slowed revenue gains, in January, Maryland’s casinos reported another month of increases, according to a press release by the Maryland Lottery and Gaming Control Agency on...

Research study predicts US casino market will reach $93 billion by 2020

Alex Lanter

January 27, 2016

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

Market research brand Technavio published a research study whose summary forecasts a bright future of the US gambling market. According to the presented results, the casino market revenues in the United States ...

Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015

Kim M

January 18, 2016

Tribal Gaming, Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Pennsylvania

Record revenue in 2015 was reported by Pennsylvania casinos, reversing two consecutive years of declines. Gross revenue from table game play at Pennsylvania’s 12 casinos in 2015 of $808,135,353 was an almost...

Mississippi gambling revenue boosted by coastal casinos

Kim M

December 28, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Mississippi

Strong performances by casinos in Mississippi’s Gulf Coast drove statewide casino revenue up three percent in November. Figures released last week by the State Revenue Department show casinos won $161 millio...

MERS fears subside, Grand Korea Leisure sees numbers rise

Kim M

September 8, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Economy/Finance, Financial Press Releases, South Korea

As of August 26 attendance at its three South Korean Seven Luck foreigners-exclusive casinos exceeded one million, according to an announcement yesterday by Grand Korea Leisure Co., Ltd. (GLK). While visitor...

Increased lottery proceeds helps revenue top $1 billion in Maryland

Kim M

August 10, 2015

Latest Casino and Gambling News, Casino openings, Casino project updates, Economy/Finance, Financial Press Releases, Maryland

Topping the $1 billion mark for first time, state officials in Maryland attributed the 2.2 increase from last year to casino revenue and lottery sales. According to Gordon Medenica, the state’s new Lottery a...

Mohegan Sun posts 3Q profit on cost-cutting and increased visitors

Kim M

July 30, 2015

Latest Casino and Gambling News, Economy/Finance, Connecticut, Financial Press Releases, Massachusetts

The organization is optimistic after a strong profit report according to the tribal authority that owns and operates the Mohegan Sun, and casino president Robert J Soper. Cost cutting and increased slot machine...

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Galaxy Entertainment posts first quarterly profit gain since 2014

Mississippi casino revenue declines 5% as Gulf Coast gaming slows down

Total quarter revenue up slightly for Detroit casinos

MGM Growth Properties files IPO; Expects to raise $100 million

Yearly net loss for Imperial Pacific narrows to US$11 million

Gulf casino’s January revenue up 15 percent

Wynn Macau reveals a 27% drop in fourth quarter operating revenues

Winter storm dampens Maryland casino revenue

Research study predicts US casino market will reach $93 billion by 2020

Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015

Mississippi gambling revenue boosted by coastal casinos

MERS fears subside, Grand Korea Leisure sees numbers rise

Increased lottery proceeds helps revenue top $1 billion in Maryland

Mohegan Sun posts 3Q profit on cost-cutting and increased visitors

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