Economy

Last week saw Spanish gaming firm Codere release its financial results for the six months to the end of June showing that it had experienced a 7.2% increase year-on-year in operating revenues to just over $975.5 million. The Madrid-based firm hailed a “strong performance” in Mexico and Argentina that saw...
The six casinos in Maryland saw their aggregated gross gaming revenues for August increase by 37.1% year-on-year to reach just over $37.1 million although the tally dropped by some 15.7% when figures from the recently-opened MGM National Harbor development were excluded. According to official figures from the Maryland Lottery and...
In Wisconsin, gambling revenues at the Potawatomi Hotel and Casino for the twelve months to the end of July reportedly inched up by only about 1.5% year-on-year to hit approximately $400 million. According to a report from the local Milwaukee Journal Sentinel newspaper, the Milwaukee casino owned by the Forest...
The central bank of China has halted all Initial Coin Offering (ICO) campaigns, labeling them as illegal forms of fundraising, according to a Bloomberg report. The ban was announced on Monday via a joint statement from the People’s Bank of China (PBOC), the financial and securities regulatory body and other...
In Russia, a lack of available rooms at weekends is reportedly harming business at Tigre De Cristal although the anticipated opening later in the year of nearby hotels without gambling may significantly help trade going forward. According to a report from GGRAsia citing recent guidance from brokerage firms Union Gaming...
Lawrence Ho’s Tigre de Cristal casino and hotel located near Vladivostok, Russia has seen VIP revenues increase 20% while mass gaming fell January through June compared to the same period a year ago. Summit Ascent Holdings Ltd reported revenue of $26.1 million for the first half of 2017 in a...
Australian casino operator The Star Entertainment Group Limited has released its consolidated financial results for the year to the end of June showing that its annual net profit had improved by 36% year-on-year to hit $208.8 million. Sydney-listed The Star Entertainment Group Limited is responsible for The Star Sydney, which...
In Chile, global private equity firm Advent International Corporation has announced that it has signed an agreement to spend up to $170 million in order to acquire a “significant” stake in local casino and hotel operator Enjoy SA. Advent International Corporation explained that the deal will see it partner with...
Lotte Tour Development Co., promoters of the upcoming Jeju Dream Tower Casino Resort on Jeju Island (pictured above) in South Korea, have raised 40 billion Wons (US $35.4 million) towards the project by issuing convertible bonds through a third party placement, Asian casino industry newsletter GGRAsia reports. According to...
As part of a series of conferences held throughout Europe, event organizer, Smile-Expo is presenting Blockchain & Bitcoin Conference Stockholm 2017 for the first time on September 7. The focus of the conference will be on Sweden and foreign projects that are implementing Blockchain and cryptocurrencies. Additional event cities for...
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