Finance
Latest Finance news and updates from across the iGaming industry
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Romania Gambling Regulator Uncovers Major Tax Evasion
Romania’s ONJN uncovers a multi-million tax evasion scheme in the gambling sector, revealing manipulated winnings and underreported profits. The regulator strengthens oversight with server access and reforms to ensure transparency and accountability.
Galaxy Macau Phase 4 Eyes Premium Push
Galaxy Entertainment is progressing with Phase 4 of Galaxy Macau, a premium-focused expansion set for 2027, while awaiting potential table approvals and increasing capex to strengthen margins and its competitive position in Cotai.
DigiPlus Moves Toward IEC Majority Stake
IEC shareholders have approved HK$1.6 billion in convertible notes to DigiPlus, potentially granting it a 53.89% stake, while supporting funding plans to redevelop New Coast Hotel Manila into a full integrated resort.
Codere Online Revenue Rises 6% in 2025
Codere Online reported €224 million in 2025 revenue, up 6%, with record Q4 performance driven by Mexico. However, higher gaming taxes in Mexico and Colombia are expected to influence profitability and strategy in 2026.
Galaxy Entertainment Q4 EBITDA Jumps 33%
Galaxy Entertainment Group posted strong Q4 2025 results, with adjusted EBITDA rising 32.7% to HK$4.29bn, supported by mass and VIP growth at Galaxy Macau and improved rolling chip performance.
Codere Online Q4 Revenue Rises 15% to €60.7m
Codere Online reported €60.7m in Q4 net gaming revenue, up 15% year-on-year, driven by Mexico growth. The operator issued 2026 guidance of €235–245m revenue and €15–20m adjusted EBITDA.
Turkey Freezes TL5bn in Crackdown on Illegal Betting
Turkey’s MASAK blocked TL5bn (€100m) in funds linked to illegal betting, dismantling proxy accounts, corporate shells, and crypto channels. New regulations reinforce oversight, restricting transactions to state-approved operators and penalizing facilitators.
Cuiabá Moves to Revoke Municipal Lottery Law
Cuiabá’s City Council has approved the revocation of Municipal Law No. 6,872, ending plans for a city-run lottery. The move aligns with the STF’s suspension of municipal lottery initiatives and strengthens federal control over gambling regulation.
Study Highlights Scale of Brazil’s Illegal Online Betting
A February 2026 study estimates Brazil’s illegal online betting market generates up to R$40 billion annually, driven by regulatory costs on licensed operators, consumer confusion, and competitive advantages of unregulated platforms, while highlighting historic and structural factors.
ATG 2025 Profit Falls Amid Tax Hike and Recession
Sweden’s ATG sees operating profit decline 15% in 2025 due to higher gambling taxes and economic pressures. Casino and sports betting dip, while horse racing revenue shows resilience, highlighting risks to the sport’s funding.
Brazil President Urges Scrutiny on Banks and Betting Firms
Brazil’s president called for tighter investigative scrutiny on banks and betting companies during a meeting with the prosecutor-general, as the Banco Master probe and Supreme Court proceedings intensify financial and regulatory pressure.
Sands China Doubles Dividend, Names Patrick Dumont Chair
Sands China Ltd raised its 2025 final dividend to HKD0.50 per share and confirmed Patrick Dumont as incoming chairman, highlighting stable shareholder returns and leadership continuity despite a year-on-year profit decline.
Sri Lanka’s Hyatt Tower Attracts Investor Interest in Casino
Sri Lanka’s stalled Hyatt Tower project in Colombo is attracting investors, with interest in a potential casino license becoming a central factor. Pre-qualification ensures only serious buyers access confidential project data and bidding opportunities.
Westside Resort Unveiled with New Structure in Manila
Manila’s former LET X project has been rebranded as Westside Resort under ECRC. Alliance Global Group and Travellers will oversee operations, keeping the project on track for a third-quarter 2026 opening in Entertainment City.
Criciúma Secures Bolsa de Aposta as 2026 Master Sponsor
Criciúma Esporte Clube has signed Bolsa de Aposta as its master sponsor for 2026, covering jersey branding, stadium visibility, and educational initiatives on responsible betting, marking a key financial and strategic milestone for the club.
Melco Reports Stable Macau Performance in Q4 2025
Melco maintains a stable outlook for its Macau operations, with strong Q4 gains at City of Dreams and Studio City offsetting challenges at Altira and Mocha clubs, as the company avoids increasing promotional spend.