Finance
Latest Finance news and updates from across the iGaming industry
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Macau Legend Raises HKD93m in Undersubscribed Rights Issue
Macau Legend Development completed a HKD93 million rights issue with limited shareholder participation, relying on underwriters to fill the gap as the group manages regulatory-driven casino closures and overseas asset impairments.
Bloomberry Eyes VIP GGR Boost After China Visa-Free Rule
Bloomberry Resorts’ Solaire Resort could benefit from a rise in VIP gaming in 2026 due to new Chinese visa-free entry. Analysts project a gradual recovery as online gaming expansions and operating costs weigh on performance.
GKL Sees 42% Profit Surge as Foreign Visitors Lift Casinos
Grand Korea Leisure achieved a 42.4% net profit increase in 2025, supported by higher revenue from foreign visitors. GKL’s foreigner-only casinos in Seoul and Busan saw strong table and slot performance driving overall growth.
Kangwon Land Profit Falls Despite Higher Casino Sales
Kangwon Land posted a sharp profit decline in 2025 despite higher revenue, citing weaker non-operating income. The results highlight financial pressures facing South Korea’s only casino open to local players.
Brazil Senate Bill Links Teacher Tax Relief-BettingNow
Brazil’s Senate is reviewing a proposal to exempt teachers earning up to R$10,000 from income tax, with the measure funded through revenue generated by the country’s regulated fixed-odds betting market.
Brazil Sees 217,000 Betting Self-Exclusions in 40 Days
More than 217,000 Brazilians opted into self-exclusion within 40 days of the federal platform’s launch, highlighting strong demand for consumer protection as regulators expand oversight of Brazil’s fast-growing betting market.
PAGCOR Rules to Trigger Philippine Online Gaming Mergers
PAGCOR’s December 2025 rules require operators to meet strict revenue and guarantee thresholds, driving mergers and partnerships in the Philippine online gaming market and paving the way for a more regulated, consolidated industry.
Rio Grande do Sul Launches Lottery Concession Consultation
Rio Grande do Sul announces a public hearing and consultation for its lottery concession. The process seeks transparency, public input, and alignment with Brazil’s gaming regulations, with private operators invited to participate.
Macau GGR Forecasted to Rise 5.3% in 2026
Jefferies forecasts Macau GGR growth of 5.3% in 2026, driven by record visitor arrivals. Sands, Galaxy, and MGM lead revenue gains, while Wynn and SJM expand properties and gaming offerings to capture market share.
JP Morgan Cuts Macau 2026 EBITDA Estimates
JP Morgan has reduced its 2026 EBITDA projections for Macau operators following VIP baccarat growth and rising operating costs in 4Q25. Analysts note margin pressures despite GGR expansion, prompting cautious forecasts for major operators including SJM and Melco.
Brazil President Lula Flags Online Betting Growth Risks
Brazilian President Lula highlighted the rapid growth of online betting, backing Central Bank monitoring while raising concerns over social and institutional impacts. The move underscores continued regulatory attention on the country’s expanding digital gambling market.
Macau 4Q25 Casino Revenue Boosted by VIP Baccarat
Macau’s Q4 2025 casino revenue reached MOP66.06 billion, led by VIP baccarat growth at 30.7% of GGR, while mass market gaming remained steady and sports lottery showed mixed results, per DICJ figures.
Delta Corp Profit Slumps as India Gaming Rules Tighten
Delta Corp posted a steep drop in Q4 2025 profits as tighter online gaming regulations, higher GST and unresolved tax disputes continued to pressure its casino, hospitality and legacy online investments in India.
Philippine Senator Proposes BSP Bank Secrecy Reform Bill
Senate Bill 1047 aims to give the BSP authority to investigate bank accounts suspected of money laundering, fraud, or illicit gambling, complementing e-wallet disconnections and PSP restrictions to strengthen financial enforcement in the Philippines.
LVS Asia Operations Strong as Macau Costs Rise in 4Q25
Las Vegas Sands leverages Marina Bay Sands’ dominance in Singapore while Sands China recovers market share in Macau. Galaxy, Melco, MGM and SJM face varied challenges, highlighting the impact of diversification and property positioning in Asia’s gaming markets.
SJM Holdings Cuts 2026 Debt With $170m Tender Offer
SJM Holdings has completed a $170m cash tender offer for its 2026 senior notes, cutting near-term refinancing risk. The move comes as Fitch maintains a Negative outlook, citing market share pressure and underperformance at Grand Lisboa Palace.