Financial

- November 26, 2014 By Oliver Young -

Many things have changed in Sochi after it was completely reconstructed and transformed in order to host the 2014 Winter Olympic Games. The forgotten holiday resort where families used to escape city noise in the past was brought back to life and now it wants to become Monte Carlo of the Black Sea. Some managing […] Continue Reading

- November 3, 2014 By Oliver Young -

Compared to October 2013, this year’s October is the worst month for land based casino gambling revenues in Macau, the world’s largest gambling hub, Reuters reports. The reason for the sharpest drop ever is the ongoing war on corruption, the reduced number of tourists and the slow economic growth, analysts say. The casino gambling revenues […] Continue Reading

- October 29, 2014 By Oliver Young -

According to a report on Money.Cnn, land based casinos in the world’s largest casino gambling hub have huge average minimum bet topping that of Las Vegas. Apparently, the Sin City is excellent place for shopping, dining and has great night life, but Macau is the go-to destination for serious casino gamblers. Based on the figures, […] Continue Reading

- October 7, 2014 By Nemanja L. -

Britain’s online gaming industry is set to continue its strong growth over the next two years, the latest report by GamblingCompliance Research Services (GCRS) has suggested. The leading provider of business intelligence for the gaming industry has issued a new report which estimates that the net gaming revenue (NGR) of the UK online market rose […] Continue Reading

- October 7, 2014 By Samantha A. -

When it comes to the casinos being strategically placed throughout the states in the US, so many people are wondering if this is good – or bad for the country? The further north you go, the more people say that these casinos are going to be a savior when it comes to their country. So […] Continue Reading

- October 1, 2014 By Oliver Young -

At a news conference on September 30, 2014, the American Gaming Association announced the results of a study which shows that US casinos and casino software developers had a $240 billion economic impact and supported 1.7 million jobs in 2013. The number includes a total of $38 billion paid by the industry last year for […] Continue Reading

- September 29, 2014 By Samantha A. -

When it comes to many states throughout the United States, two of the top things on their wish lists are being able to cut the taxes that they have to pay in each year and also adding land based gaming throughout the entire country. These two things have been taken into consideration for many of […] Continue Reading

- September 15, 2014 By Oliver Young -

According to reports, Caesars Entertainment Corporation, a Nevada-based gaming multi-million dollar company, has made some moves to reduce its $24.2 billion debt in the gambling industry. Last month the company announced that it prepares for financial restructuring. Caesars, which owns the World Series of Poker, announced in a press release that: Caesars and its subsidiary […] Continue Reading

- September 1, 2014 By Oliver Young -

Fitch Ratings, the global leader in financial information services, published their predictions about the future of land based casinos in Atlantic City, New Jersey. Despite the shutdown of the Revel, Atlantic Club and the Showboat and the upcoming closure of Trump Plaza, Fitch believes that the Atlantic City casinos will generate about $2.5 billion in […] Continue Reading

- August 18, 2014 By Samantha A. -

$750M is a lot to put down on a casino resort a lot of people think. This might be true if it wasn’t the leaders in the casino market – Caesars. They also put in a $1M bid just for the licenses to operate in the state alone. They are looking to increase their market […] Continue Reading