Financial

- March 10, 2015 By Samantha A. -

With bolstering competition booming in the nearby states of Rhode Island and New York, Connecticut has seen a severe loss of casino revenue. The gaming facilities in New York and Rhode Island have been attracting more and more customers for quite some time now, and the two luxurious Connecticut casinos- Foxwoods and Mohegan Sun- having […] Continue Reading

- March 2, 2015 By Samantha A. -

Macau, once a loved place to lay your cash down on the table is now turning to the worst of it when the time comes. Not only are those out there looking at the revenues coming in, or shall we say, not coming in and wondering what they can do to increase the traffic, and […] Continue Reading

- February 16, 2015 By Oliver Young -

The possible takeover talks of the online gambling operator 888 by another giant in the gambling industry, William Hill, has been ended. One of last week’s hot topics was the confirmation given by 888 that it had entered into negotiations with UK’s most popular bookmaker William Hill over a potential deal. The chief executive officer […] Continue Reading

- February 5, 2015 By Nemanja L. -

New Zealand’s Department of Internal Affairs (DIA) has found that the country residents have spent nearly $2.1 billion on four main types of gambling in the 2014 fiscal year alone. The Kiwis have been staking heavily on racing, lotteries, casinos and gambling machines outside casinos, racking up mind-blowing $2.1 billion in total losses. Wagers on […] Continue Reading

- January 29, 2015 By Nemanja L. -

Ireland’s most famous bookmaker Paddy Power has created a new market that allows their customers to bet on whether or not Greece will drop the Euro currency in the light of the latest developments in the country. As expected, radical left wing party Syriza won the national elections on Sunday, with Alexis Tsipras inaugurated as […] Continue Reading

- January 14, 2015 By Samantha A. -

The Federal government has made a grant of over $29 million to hand out to those displaced workers in the Atlantic City area that were laid off from the casino closings. This is something that comes as a surprise to those that felt the sting from losing their jobs in the past. They do not […] Continue Reading

- January 5, 2015 By Oliver Young -

Macau casinos are in a great danger after the gaming revenue recorded a drop of 30.4% in December. This rate of decline is the largest one for the past seven months which also witnessed falling revenues. Some well known billionaires such as Sheldon Adelson, Stanley Ho and James Packer were hit by this record drop. […] Continue Reading

- December 29, 2014 By Oliver Young -

One year can change a lot of things for a person. Sheldon Adelson is certainly somebody who can agree on this after his net worth grew dramatically in 2013 and then dropped for over $10 billion in 2014. His fortune is so big that this drop is probably nothing more but a bruised ego for […] Continue Reading

- December 11, 2014 By Nemanja L. -

The latest report published by the American Gaming Association has revealed that casinos have contributed whopping $53 billion to Nevada economy in 2013. And while the figure generated from casinos alone stands at $30.6 billion, the Oxford Economics study also includes the impact of different services used by the casinos as well as taking into […] Continue Reading

- December 2, 2014 By Samantha A. -

One lucky Las Vegas man has won $14million on Megabucks, however he is going to be the one to donate each and every penny that he won to charities across the area. He wants to do something nice with the money that he got, and this is one of the best ways that he can […] Continue Reading