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Gibraltar Warns of Severe Impact from UK Gambling Tax Hike
Gibraltar officials warn that the UK’s sharp gambling tax increases could significantly damage the territory’s economy. With remote gaming forming a major share of GDP and employment, authorities are seeking diversification and regulatory reform to protect long-term stability.
Star Entertainment Board Reshuffled After Bally’s Deal
Star Entertainment Group has completed a board overhaul following Bally’s AU$300 million rescue deal. New directors Soo Kim, George Papanier, and Bruce Mathieson Jr join the board to guide strategic recovery and operational improvements.
Genting Berhad Accelerates Takeover of Genting Malaysia
Genting Berhad advances its mandatory takeover of Genting Malaysia, issuing MYR255 million in medium-term notes to consolidate holdings across Resorts World properties, including New York City, while awaiting critical regulatory decisions in the US.
Genting Malaysia Q3 Revenue Up 22% on VIP Gains
Genting Malaysia posted 22% revenue growth in Q3 2025, led by VIP activity at Resorts World Genting. International operations showed mixed results, while preparations continue for Resorts World New York City’s commercial license.
RGB International Q3 Revenue and Profit Plunge
RGB International posted a sharp Q3 2025 decline, with pre-tax profit down 73% to RM5.5 million. Lower sales, high jackpot payouts, and FX volatility weighed on revenue and operational performance across Southeast Asia.
UK Budget 2025 Spares Horseracing from Online Gambling Tax
The UK’s 2025 Budget imposes major tax hikes on online gambling, including casinos and remote sports betting, while horseracing retains its 15% duty, protecting jobs, sponsorships, and the sport’s cultural and economic footprint.
Winpot Expands Mexican Casino with Bragg Gaming Titles
Winpot.mx has partnered with Bragg Gaming Group to enrich its Mexican online casino. The integration brings popular slots, unique mechanics, and exclusive content, offering players a varied and engaging gaming experience.
MGM Osaka IR to Hire 12,000 as $12B Project Begins
MGM Resorts is building a $12B integrated resort on Osaka’s Yumeshima Island, creating 12,000 jobs. The project blends gaming, hospitality, and entertainment, aiming to attract 20 million visitors and transform Japan’s tourism and gaming sectors.
Dutch Gambling Market 2024: Stability and Sector Shifts
The Dutch gambling market stayed flat at €4.3bn in 2024, with land-based casinos facing declines, lotteries remaining strong, and online betting growing gradually as regulatory and consumer shifts reshape the industry.
GKL Explores Busan Expansion and AI-Powered Casino Strategy
GKL is eyeing Busan redevelopment and advancing AI-driven casino solutions to enhance VIP and mass-market offerings. The company prioritizes responsible gambling, tourism integration, and cultural experiences as it strengthens its presence in South Korea.
Genting Bhd Mandatory Takeover of Genting Malaysia
Genting Bhd’s takeover of Genting Malaysia becomes mandatory after surpassing 57% ownership. The move aims to delist the subsidiary, consolidate control, and strengthen its global casino presence, including plans for New York and international expansion.
Universal Entertainment Cuts 2025 Forecast Amid Okada Manila
Universal Entertainment lowers its 2025 outlook to a JPY14 billion loss as Okada Manila sees falling VIP revenue and tourist numbers. Renovations and marketing initiatives aim to stabilize operations and retain customers amid market pressures.