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Finance

Check the latest Finance news

09/18/17

Lawrence Ho reduces stake in Summit Ascent

Casino magnate Lawrence Ho will unload US$21.3 million shares in Summit Ascent, the company that runs the Tigre de Cristal casino resort.

09/15/17

Gaming expansion proposed in Oklahoma

A lawmaker proposed the expansion of Indian gaming at casinos to solve state budget problems.

09/15/17

Atlantic City increases revenues

Land-based and online casinos increased revenues during August operations, the latter achieving a six consecutive month growth.

09/14/17

Chelmsford gamblers lost £3m to FOBTs

During 2016, gamblers in Chelmsford, England, have lost almost £3 million to FOBTs and concerns around them keep growing.

09/14/17

Greek gambling monopoly sees net profit fall

Lottery and betting operator OPAP experienced a net profit decrease by more than one third during the second quarter of the year.

09/14/17

Detroit casino revenue falls in August

The local regulator revealed that the three casinos in Detroit experienced almost a 4 percent decrease in revenues.

09/13/17

Melco to increase stake in Cyprus casino

The local government approved Melco’s increase of interest in the upcoming Cyprus integrated resort project.

09/13/17

Bloomberry Chair sells partial stake

Chair shareholder of the gaming operator Bloomberry sold a 3.18 percent stake of the company.

09/12/17

Tabcorp-Tatts merger closer to reality

The Australian companies are expected to finalise the multi-billion merger in November.

09/12/17

Gaming revenue up in Ohio

The local control commission revealed that gaming revenue grew 1.9 percent during August operations.

09/12/17

Paradise Co announced revenue fall

The South Korean company said that casino revenue fell 8.4 percent year-on-year on August.

09/11/17

Scotland, gambling capital of the UK

A new study revealed that more than two thirds of adults have a punt each year.

09/11/17

Macau GGR to slow during fourth quarter

Analysts estimate that a slow VIP demand could decrease growth during the fourth quarter of the year.

09/11/17

iGaming shows good results in Italy

Online sports betting industry is generating more revenue than land-based gaming salons.

09/08/17

Massachusetts reviews gaming revenue funds

Authorities from the Bay State are considering gaming revenues to help boost local development.

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Latin America, Focus Brasil, Focus Asia Pacific, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.