“`html Genting’s Resorts World Las Vegas Focused on Margin Improvement as 4Q24 EBITDA Plummets Summary Genting Berhad is concentrating on enhancing margins at Resorts World Las Vegas (RWLV) following substantial revenue declines and a drastic drop in EBITDA for the fourth quarter of 2024. In Q4, the property recorded $190 million in revenue, down significantly […]

The Star Trading Halted Again, Company Running Out of Cash and Lacking Offers | AGB Summary The Star Entertainment Group, an Australian gaming operator, has faced another trading halt as it struggles to secure necessary funding to release its half-year results. The company is unable to publish its financial report due to a lack of […]

“`html Joint venture partner Belle Corp not planning to buy out Melco’s City of Dreams Manila stake Summary Belle Corp, a Philippine real estate firm, announced it has no intention to buy out its joint venture partner Melco Resorts & Entertainment’s stake in City of Dreams Manila. This declaration follows Melco’s recent exploration of “strategic […]

“`html Cambodia Strengthens Gambling Oversight with 13 New Casino Onsite Offices The Cambodian gambling regulator, the Commercial Gambling Management Commission (CGMC), has recently established 13 onsite offices across licensed casinos. This move aims to enhance oversight and accountability in the casino sector, signifying a shift towards improved regulatory practices under the 2020 Law on Commercial […]

Tribes Say Prediction Markets Putting Sovereignty at Risk in CFTC Comments Summary The Commodities Futures Trading Commission (CFTC) is preparing for a roundtable discussion on prediction markets, which have become contentious within the gambling community. Ahead of the meeting, numerous comments were submitted, highlighting concerns predominantly from tribal groups regarding sovereignty and the potential impacts […]

“`html Head of tax office highlights key changes in Paraguay’s gambling law The head of the National Directorate of Tax Revenues (DNIT), Óscar Orué, recently addressed key changes in Paraguay’s gambling law during the First Conference on Law 7483. This law revises the legal framework governing gambling operations and aims to enhance oversight by transferring […]

“`html Evolution Closes In on Anonymous Group Behind Damaging Report Summary Evolution AB has made significant progress in uncovering the identity of the anonymous group behind a damaging 2021 report. A ruling from a New Jersey Superior Court judge mandates the revelation of the report’s authors, which could change the entire industry landscape. The report […]

“`html Philippines Senate President calls for review of PIGO sector amid growing concerns The Philippines Senate President, Francis Escudero, has initiated a thorough review of the Philippine Inland Gaming Operators (PIGOs) sector in response to rising concerns about their impact on Filipino society. He emphasised that while PIGOs provide similar services to Philippine Offshore Gaming […]

“`html Macau gaming operator accused of unjustified layoffs | AGB Macau gaming operators face scrutiny following sudden layoffs of six local employees from a back-office department, which occurred without clear justification. This situation has raised alarms regarding employee rights and current labour practices within the industry. Key Points Six employees from an unnamed Macau gaming […]