Philippine President Marcos mum about online gambling ban Summary Philippine President Ferdinand “Bong Bong” Marcos Jr made no mention of a ban on online gambling in his 2025 State of the Nation Address, despite growing calls from lawmakers and public figures to either tighten regulation or prohibit iGaming entirely. Two bills were recently filed: House […]
Macau casino stocks rally as gaming revenue grows Author note By Marjorie Preston. Punchy take: Macau’s rebound is not just seasonal noise — gaming revenue and tourist flows are materially beating forecasts and investors have taken notice. If you follow gaming equities or Asia travel recovery stories, this matters. Summary Macau’s casinos have seen a […]
MLB is investigating Guardians reliever Clase as team’s second pitcher facing probe of sports betting Summary Major League Baseball has placed Cleveland Guardians closer Emmanuel Clase on non-disciplinary paid leave through 31 August while it investigates suspicious sports-betting activity linked to his pitching. Clase is the second Guardians pitcher probed this summer after starter Luis […]
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 ex-president of its gaming operations, has pleaded guilty to four counts of filing false tax returns. Federal prosecutors say Cromwell failed to report more than $177,000 of income from […]
BetMGM FY EBITDA guidance raised to $150 million after positive Q2 Article Date: Tue, 29 Jul 2025 09:14:57 +0000Source URL: https://igamingbusiness.com/finance/quarterly-results/betmgm-full-year-guidance-positive-q2/Image: BetMGM Q2 image Summary BetMGM has upgraded its full-year 2025 EBITDA guidance to at least $150 million after a strong Q2 performance, marking the second consecutive guidance raise this year. The operator also lifted […]
Gaming Realms eyes 18% revenue increase in H1 Date: Tue, 29 Jul 2025 09:52:10 +0000 Author: Robert Fletcher Summary Gaming Realms has issued 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 (compared with £13.6m […]
Hanzbet merges with BigBet following clash with licence owner Summary After a dispute with its Brazil licence holder EA Entretenimento e Esportes Ltda (EA) that briefly halted operations, Hanzbet has entered a strategic partnership with BigBet to operate jointly in Brazil. The move formalises Hanzbet operating alongside one of the three brands under Big Brazil’s […]
Botswana and Namibia MoU could boost gambling investment across both markets By Emmanuel Okpetim — 29 July 2025 Summary The Gambling Authority of Botswana and the Lotteries Board of Namibia signed a Memorandum of Understanding (MoU) in Gaborone to strengthen cross-jurisdictional cooperation on gaming regulation. The agreement focuses on regulatory alignment, responsible gambling, joint training […]
SJM satellite casino the first to close in Macau industry shakeup Summary SJM Holdings, one of Macau’s Big 6 concessionaires, will close Casino Grandview in Taipa effective 11.59pm on Wednesday. The closure is the first in a wider industry restructuring driven by a 2022 change to Macau’s gaming laws that requires concessionaires to directly run […]
Brightstar pledges cost reductions as revenue rise fails to halt Q2 net loss Summary Brightstar Lottery reported a mixed Q2: group revenue rose 3% year‑on‑year to $631m, but higher costs and post‑split adjustments led to a net loss attributable to the company of $58m. The business is now operating standalone following the sale and restructuring […]
