Month: November 2025

Illegal gambling continues to plague Southeast Asia Summary A fresh wave of enforcement and sanctions is exposing large-scale illegal gambling and related cybercrime across Southeast Asia. Key figures and groups — notably She Zhijiang and Prince Holding Group founder Chen Zhi — face extradition, asset seizures and sanctions from multiple jurisdictions amid allegations of running […]

Meta accused of making billions from illegal gambling ads Summary Reuters’ investigation — based on leaked internal documents from Meta — alleges the social media giant allowed an avalanche of fraudulent and banned-product ads across Facebook, Instagram and WhatsApp. Meta internally estimated that around 10% of its 2024 revenue (roughly $16bn) came from ads for […]

Galaxy Entertainment could raise payout ratio to 69% on strong cash flow: CLSA Summary CLSA says Galaxy Entertainment Group (GEG) has steadily lifted its dividend payout — from 32% in 2023 to 50% in 2024 and 58% in the first half of 2025 — and could raise the ratio further to at least 69% for […]

SJM profit plunges 91% in third quarter amid “inevitable” satellite casino phaseout Summary SJM Holdings reported a dramatic 91% year-on-year fall in profit attributable to owners in 3Q25, down to HK$9 million. The quarter was hit by the phased closure of satellite casinos and tougher competition across Macau. Net gaming revenue dropped 6.5% to HK$6.54 […]

PrizePicks Partners with Polymarket for Licensed Event Trading Summary PrizePicks, a major North American fantasy sports operator, has formed a partnership with prediction market platform Polymarket to offer licenced event trading to PrizePicks users. The deal — announced 11 November 2025 — links PrizePicks’ recent regulatory gains (it registered as a Futures Commission Merchant with […]

Jury Awards $15M in Fatal Pace-O-Matic Case Summary A Philadelphia County jury has found Pace-O-Matic and manufacturing partner Miele Manufacturing civilly liable in the 2020 killing of Ashokkumar Patel and awarded his estate approximately $15.3m. Patel, a 50-year-old immigrant from India, was shot while working at a Hazelton, Pennsylvania location where he was responsible for […]

Good to Go: Kalshi Can Keep Offering Contracts on Tribal Lands Summary A federal judge in the Northern District of California denied an injunction request from three California tribes, allowing Kalshi to continue offering its prediction market contracts on tribal lands (Indian Country) while litigation proceeds. The tribes — Blue Lake Rancheria, Chicken Ranch Rancheria […]