Macau casino stocks rally as gaming revenue grows Summary Macau’s casino sector has seen a sharp upswing in gross gaming revenue (GGR) since May, pushing gaming shares up about 59% since April as results have beaten analyst expectations. May GGR reached MOP$21.19 billion (US$2.62bn), a 5% year-on-year rise and 12.4% increase on April, while June […]
MLB is investigating Guardians reliever Clase as team’s second pitcher facing probe of sports betting Article Date: Mon, 28 Jul 2025 21:00:55 +0000 Summary Major League Baseball has placed Cleveland Guardians closer Emmanuel Clase on non-disciplinary paid leave through 31 August while it investigates possible sports-betting issues tied to the pitcher. Clase, a three-time All-Star […]
Former Mashpee Wampanoag leader pleads guilty to tax charges as tribe’s controversial casino grows Summary Cedric Cromwell, the former chairman of the Mashpee Wampanoag tribe and president of its gaming operations, has pleaded guilty to four counts of filing false tax returns, admitting he failed to report more than $177,000 of income between 2014 and […]
BetMGM FY EBITDA guidance raised to $150 million after positive Q2 Summary BetMGM has raised its full-year 2025 EBITDA guidance to at least $150 million after a stronger-than-expected Q2. The operator reported Q2 revenue of $692m, up 36% year-on-year, driven by double-digit growth across both iGaming and online sports betting. iGaming contributed $449m (up 29%) […]
Gaming Realms eyes 18% revenue increase in H1 Summary Gaming Realms has published a trading update for the first half of its 2025 financial year, forecasting an 18% year-on-year rise in revenue to £16 million for the six months to 30 June. Adjusted EBITDA is expected to reach £7.5 million, around 30% higher than the […]
Hanzbet merges with BigBet following clash with licence owner Summary Hanzbet has formalised a strategic partnership with BigBet to operate jointly in Brazil’s regulated betting market after a public dispute with its previous licence holder, EA Entretenimento e Esportes Ltda (EA). The tie-up follows an earlier announcement that Hanzbet would halt operations amid the clash […]
Botswana and Namibia MoU could boost gambling investment across both markets Summary The Gambling Authority of Botswana and the Lotteries Board of Namibia signed a Memorandum of Understanding in Gaborone to formalise cross‑jurisdiction co‑operation on gaming regulation. The agreement covers regulatory alignment, staff training, player protection and joint research into the social impact of gambling. […]
SJM satellite casino the first to close in Macau industry shakeup Summary SJM Holdings will close Casino Grandview in Taipa at 11.59pm on Wednesday, making it the first satellite casino to shut as Macau’s concessionaires phase out most satellite venues by the end of 2025. The move follows a 2022 change to gaming laws that […]
Brightstar pledges cost reductions as revenue rise fails to halt Q2 net loss Summary Brightstar Lottery reported a $58m net loss in Q2 even though revenue rose 3% year‑on‑year to $631m. This is the first quarter reported as a standalone lottery business after the split from IGT Gaming & Digital, following Apollo’s acquisition of the […]
Travellers parent AGI to spend $2bn on Philippines resort projects Summary Alliance Global Group (AGI), the parent of Travellers International, is planning up to $2 billion in integrated-resort investments in the Philippines, focusing on boutique developments in Boracay and Cebu. The Boracay scheme — first revealed as a $300m casino resort — will include around […]
