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SkyCity Cuts FY26 Forecast Amid Cost Pressures
SkyCity Entertainment Group has reduced its FY26 earnings forecast, citing weaker consumer spending, macroeconomic pressures, and higher costs across New Zealand and Australia. The company is also advancing cost-saving measures and asset monetisation to stabilise performance.
Brazil Court Upholds Betting Union SINDIBETS Formation
A Brazilian Labor Court has upheld the formation of SINDIBETS, rejecting a challenge from SINCOESP and confirming that fixed-odds betting qualifies as a distinct regulated sector requiring specialised union representation.
Melco Q1 2026 Beats Forecast on Macau Gains
Melco Resorts delivered stronger-than-expected Q1 2026 results, supported by Macau market share gains and solid performance in Manila, though analysts warn of ongoing competition and rising cost pressures in key Asian markets.
Brazil Betting Study Figures Disputed by ANJL
ANJL has challenged a CNC report claiming online betting drained Brazil’s retail sector, arguing the study misinterprets turnover as spending and lacks evidence linking gambling to rising household debt.
Hyderabad Police Remove 184 Betting Scam Accounts
Hyderabad Cyber Crime police removed 184 social media accounts linked to illegal betting and fraudulent investment schemes, as part of ongoing enforcement targeting online gambling networks and misleading advertisements across digital platforms.
Macau April GGR Rises 5.5% but Misses Forecasts
Macau’s April gaming revenue rose 5.5% year-on-year but missed expectations due to weak VIP hold, with underlying demand remaining stable and stronger growth anticipated during the May holiday period.
Cambodia Suspends Casino Licence Over Online Scam
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MGM Osaka Project Advances Toward 2030 Launch
MGM Resorts reports steady construction progress on its $10 billion Osaka integrated resort, highlighting key milestones, funding plans and long-term growth potential as the project moves toward its planned 2030 launch.
India Launches New Online Gaming Regulatory Framework
India has introduced a new regulatory framework for online gaming, banning money-based games while establishing a central authority to classify, license and oversee permitted gaming activities under stricter compliance and consumer protection rules.
Norsk Rikstoto Glitch Allows Unpaid Betting
A system failure at Norsk Rikstoto allowed thousands of unpaid bets, triggering regulatory scrutiny and raising concerns over financial losses, compliance breaches and the impact on Norway’s regulated betting market.
Melco Secures Full Control of Trademark Assets
Melco Resorts has acquired its trademark-holding subsidiary for $375 million, gaining full control of intellectual property assets while streamlining its corporate structure and aligning brand ownership with its integrated resort operations.
Tabcorp Restricts Professional Bettors Amid Scrutiny
Tabcorp has restricted several professional bettors across its platforms, citing risk management measures, as the move raises questions around compliance, transparency and the treatment of high-value customers in the betting industry.