BetMGM raises 2025 revenue outlook to $2.75 billion after strong third quarter | Yogonet International Summary BetMGM reported a strong Q3 performance, lifting its full-year 2025 revenue outlook to at least $2.75 billion. Third-quarter net revenue rose 23% year-on-year to $667 million, driven by gains in both online sports betting and iGaming. EBITDA swung to […]
MGM Resorts withdraws Yonkers casino licence bid, citing shifting economics and licensing terms Summary MGM Resorts International has formally withdrawn its application to convert Empire City Casino in Yonkers into a full-scale commercial casino. The company said shifting competitive dynamics and revised state guidance on licence duration undermined the financial case for its proposed $2.3 […]
Hub88 and Live88 secure UAE gaming-related vendor licences | AGB Summary Hub88 and Live88, two B2B brands of Yolo Group, have been granted gaming-related vendor licences by the UAE’s federal General Commercial Gaming Regulatory Authority (GCGRA). Hub88 is authorised to provide aggregation services, while Live88 is cleared to supply live casino solutions to licensed operators […]
BetMGM ahead of expectations with strong third quarter Summary BetMGM reported stronger-than-expected third-quarter performance and has raised full-year guidance. Year-to-date net revenue reached $667m, a 23 per cent increase, driven by a 36 per cent rise in online sports revenue and 21 per cent growth in online gaming. Management credits improved marketing efficiency, enhanced player […]
Cambodian casino group Prince Group at the centre of major US-UK cybercrime sanctions Summary US and UK authorities have imposed coordinated, sweeping sanctions against Cambodian conglomerate Prince Group and its alleged leader Chen Zhi, accusing the group of running large-scale online investment scams, money laundering, human trafficking and violent abuse. The US Department of Justice […]
Casino Lobby Pours Millions Into North Texas Senate Race Summary Former Southlake mayor and Republican candidate John Huffman is receiving heavy financial backing from groups tied to Las Vegas Sands as he contests the special election for Texas Senate District 9. Campaign filings show the Texas Sands PAC gave $500,000 to Huffman late in September, […]
BetMGM Raises Guidance Again After ‘Stronger Than Expected’ Results Summary BetMGM raised its 2025 guidance for the third time this year, now targeting at least $200 million in EBITDA on expected net revenue of $2.75 billion (roughly 30.8% growth versus 2024). The company reported Q3 net revenue of $667 million, up 23% year‑on‑year, with iGaming […]
US seizes billions in Bitcoin from Cambodian businessman accused of fraud schemes | AGB Summary US authorities have executed what the Justice Department says is its largest-ever forfeiture, seizing roughly $15 billion in Bitcoin linked to a Cambodian businessman, identified as Chen Zhi, a UK-Cambodian national. Authorities allege Chen ran labour compounds in Cambodia where […]
Major Las Vegas casino operator withdraws New York licence application Summary MGM Resorts International unexpectedly withdrew its commercial casino application for the New York City area, removing itself from contention to expand Empire City Casino in Yonkers into a full-scale downstate casino resort. The company said shifting competitive and economic assumptions since the licensing process […]
G2E: Tribal leaders assail prediction markets in fiery session Summary At the Global Gaming Expo panel “Sustaining Success: Tribal Leaders Talk Gaming, Growth and Challenges,” tribal leaders warned that prediction markets, sweepstakes-style gaming and daily fantasy sports (DFS) represent an existential threat to tribal gaming. Panelists described how unregulated operators have encroached on tribal markets […]
