Tagged coronavirus

Mohegan Gaming and Entertainment secures Inspire Entertainment Resort funding

November 30, 2021

Latest Casino and Gambling News, Tribal Gaming, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

American tribal casino operator Mohegan Gaming and Entertainment has announced the securing of approximately $1.55 billion in aggregate financing that will allow it to complete work on the first phase of its co...

New South Wales regulator highlighting video slot money laundering threat

Adam Morgan

November 29, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Gaming Industry News, Money Laundering, Economy/Finance, Conspiracy, Crime

In Australia and the Chief Investigator for the Liquor and Gaming New South Wales regulator has reportedly asserted that his state’s 95,000 video slots are being used to illegally launder ‘hundreds of millions’...

Singapore and Malaysia annual aggregated casino revenues to recover in 2022

Adam Morgan

November 24, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Malaysia, Singapore

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly predicted that Singapore’s aggregated casino revenues for the whole of next year will likely hit around 75% of their 2019 levels at appr...

Stanley Choi Chiu Fai offloads more shares in International Entertainment Corporation

Adam Morgan

November 23, 2021

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Hong Kong, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

The Chairman for International Entertainment Corporation, Stanley Choi Chiu Fai (pictured), has reportedly just pocketed approximately $3.38 million by selling a 4.8% stake in the hotel and leisure operator to ...

The Blackstone Group Incorporated again sweetens its Crown Resorts Limited buyout proposal

Adam Morgan

November 19, 2021

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

American private equity management firm The Blackstone Group Incorporated has reportedly lodged a second improved offer in its effort to take over beleaguered Australian casino operator Crown Resorts Limited. ...

Maryland casinos pushing to receive their retail sportsbetting licenses

Adam Morgan

November 17, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Sports betting, Maryland

In the American state of Maryland and a trio of land-based casinos has reportedly launched a joint appeal in an effort to get local regulators to issue them with their promised sportsbetting licenses. Accord...

South Korean players to grow increasingly valuable to Asian casino operators

Adam Morgan

November 17, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Asian Casino News, South Korea

Asian casino operators will likely increase their marketing efforts towards prospective customers from South Korea over the next few years owing to the continued coronavirus-related absence of mainland Chinese ...

United States government issues Cambodia casino investment warning

Adam Morgan

November 12, 2021

Latest Casino and Gambling News, Cambodia, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Financial Fraud

The government of the United States has reportedly warned domestic companies and individuals that they should refrain from investing in certain sections of the Cambodian economy including its burgeoning casino ...

Codere SA seeing light at the end of the coronavirus tunnel

Adam Morgan

November 11, 2021

Latest Casino and Gambling News, Central & South America Gaming, Gaming Industry News, Economy/Finance, Spain

Spanish gaming operator Codere SA has reportedly released its financial results for the first nine months of the year showing that its net revenues had increased by 8.5% on an annual basis to top €499.6 million...

Galaxy Entertainment Group Limited posts mixed third-quarter financials

Adam Morgan

November 11, 2021

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

Macau casino operator Galaxy Entertainment Group Limited has released its unaudited third-quarter financial results showing that it experienced an increase of 176% year-on-year in net revenues to approximately ...

Matt Maddox stepping down as boss of Wynn Resorts Limited

Adam Morgan

November 10, 2021

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Employment & Careers, Macau

American casino operator Wynn Resorts Limited has announced that its Chief Executive Officer, Matt Maddox (pictured), is to step down from the end of January to be replaced by its current President and Chief Fi...

Fontainebleau Las Vegas plan returns with the aim of debuting in 2023

Adam Morgan

November 10, 2021

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

In Las Vegas and a consortium has reportedly purchased the long-stalled The Drew Las Vegas casino resort project in hopes of opening the 67-story venue as the new-look Fontainebleau Las Vegas by the end of 2023...

Wynn Macau Limited suffers third-quarter financial setback

Adam Morgan

November 10, 2021

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

In Macau and casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the third quarter showing that its operating loss improved by 55.8% year-on-year to slightly over $95....

Kangwon Land Incorporated records improved third-quarter net profit

Adam Morgan

November 9, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

In South Korea and local casino operator Kangwon Land Incorporated has reportedly released its unaudited third-quarter financial results showing that its net profit increased by almost 150% year-on-year to hit ...

Jim Allen elected to serve as the next Chairman for the AGA

Adam Morgan

November 8, 2021

Latest Casino and Gambling News, Tribal Gaming, U.S.A., Gaming Industry News, Economy/Finance, Employment & Careers

In the United States and the American Gaming Association (AGA) trade group has announced that its board of directors has elected experienced industry figure Jim Allen (pictured) to serve as its next Chairman. ...