Summary: A bill to criminalize online gambling for 18-20 year olds in Rhode Island, initially rejected, has been reconsidered and passed by the House Judiciary Committee, advancing to the full House for a vote. The reversal reflects evolving perspectives on the issue, with proponents emphasizing the need to protect young adults and opponents raising concerns…
Summary: MGM Resorts has increased its investment in the MGM Osaka integrated resort project to US$3 billion, reflecting updated cost estimates. Despite the increased investment, the company remains confident in the project’s profitability and on-time opening in 2030. The announcement came alongside the release of MGM Resorts’ first-quarter 2025 financial results, which showed a slight…
Summary: Macau’s April 2025 gross gaming revenue (GGR) showed a modest 1.7% year-on-year increase but fell short of March’s figures, raising concerns about the pace of recovery. Analysts point to the slow recovery of the mass market and regulatory actions against illegal money exchange as contributing factors. The government acknowledges challenges and the need for…
Summary: PAGCOR reported a 23% year-on-year increase in net income for Q1 2025, reaching US$75.6 million, driven by strong performance in electronic games, licensed casinos, and efficient cost management. Total revenue increased by 11.2%, and contributions to nation-building rose by 21.5%. The positive results reflect PAGCOR’s commitment to responsible governance and fiscal discipline. The Philippine…
Summary: SJM Resorts is showing modest growth in the base mass gambling market, but this is counteracted by slow growth at its Grand Lisboa Palace and uncertainty over its satellite casinos’ future after a key deadline in December 2025. The company’s focus is now on cost control and expansion into the premium mass market. Read…
Summary: Sega Sammy Holdings has completed its acquisition of Stakelogic, a leading online casino game developer, expanding its reach in the iGaming market and complementing its existing land-based casino interests, particularly its investment in the Paradise City resort in South Korea. This strategic move is expected to drive significant growth for Sega Sammy. Sega Sammy…
Summary: Hub88 and G.Games have formed a powerful partnership to revolutionize the online casino industry, bringing a fresh wave of exciting games to a global audience. This collaboration leverages Hub88’s robust platform to expand G.Games’ reach, particularly in the thriving Macau and Asian gaming markets. Get ready for a major product launch that promises to…
Hub88 and G.Games Unite to Revolutionize Online Casino and Macau Gaming Summary Hub88 and G.Games have forged a dynamic partnership to deliver a thrilling array of new online casino games to a global audience. By leveraging Hub88’s robust aggregation platform, G.Games is set to expand its reach significantly, paving the way for a major upcoming…
G2E Asia 2025: Uniting Innovation in Macau Casino, Sports Betting Asia, and Online Casino Sectors Summary The 16th edition of G2E Asia, the premier trade show for the Macau casino, sports betting Asia, and online casino industries, will take place from May 6-8, 2025, at The Venetian Macao. Covering 30,000 square meters, the event will…
Kangwon Land Inc Q1 2025: Financial Insights and Expansion Plans in Macau Casino and Sports Betting Asia Markets Summary Kangwon Land Inc, the sole South Korean casino operator permitted to serve locals, reported a Q1 2025 net income of KRW78.0 billion (US$54.3 million), down 16.9% year-on-year and 31.1% sequentially, according to a Korea Exchange filing….
