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Wednesday, May 21, 2025

Kit L. Szybala

Kit L. Szybala
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LATEST NEWS

Premier League betting brands in limbo after TGP Europe exit

A major Isle of Man-based white label provider has pulled out of the UK gambling market, leaving a trail of questions for several high-profile betting brands and their Premier League partners.

Light & Wonder completes billion-dollar acquisition of Grover Gaming’s charitable gaming

Gaming equipment and services group Light & Wonder announced on Monday that it had completed its acquisition of Grover Gaming’s charitable gaming assets.

Wynn Resorts abandons bid for casino license in New York

Wynn Resorts, the parent company of Wynn Macau, has announced that it is abandoning its plans for a casino license in the US state of New York.

PAGCOR calls for stronger partnerships to address gambling addiction

PAGCOR urged for enhanced collaboration among stakeholders in the gaming industry to combat the risks associated with problem gambling and addiction.

Melco on track to accelerate de-leveraging amid stronger EBITDA: CBRE

Strong EBITDA growth and strategic capital actions put Melco Resorts on track to speed up debt reduction in 2025, CBRE reports.

Macau GGR reaches $1.58B in 18 days of May: Citigroup 

Macau’s GGR reached $1.58B in 18 days, with May on pace to be 2025’s top month, aided by a robust Golden Week and concert-driven tourism.

PH Senator pushes for permanent POGO ban in final senate weeks

Senator Gatchalian pushes for a permanent POGO ban before Congress ends, citing crime links and the need to codify the executive order into law.

PAGCOR warns of fake gaming certifications allegedly linked to Lucky 7 Bingo Corp.

The Philippine Amusement and Gaming Corporation (PAGCOR) has warned of fake gaming certifications allegedly linked to a company that legitimately operates as a licensed e-Games venue.

Newport World Resorts sees GGR rise to $141M in 1Q25

Newport World Resorts, operated by the Travellers group, saw a strong start to 2025, with gross gaming revenues increasing by 6 percent yearly to PHP7.9 billion ($141.6 million).

PH Resorts clarifies license revocation in Clark distinct from Cebu project

PH Resorts, behind the stalled Emerald Bay project in Cebu (now up for sale), says that the revocation of a provisional license in Clark by the gaming regulator is not linked to its Cebu project.

DOJ pursues Interpol arrest for Harry Roque and Cassandra Ong amid human trafficking charges

The Philippines Department of Justice (DOJ) has announced potential actions against former presidential spokesperson Harry Roque and Cassandra Ong following the issuance of arrest warrants by a Pampanga court.

Macau GDP falls 1.3% in 1Q25 amid shifting tourism landscape

Macau's 1Q25 GDP fell 1.3% YoY as tourism shifts impacted spending despite rising arrivals.

Thailand government meets Wynn Resorts representatives in entertainment complex talks

Wynn Resorts meets Thai officials to explore integrated entertainment investments amid Thailand’s push for legal resort-based gaming.

Nepal proposes new casino law to restrict foreign investment and ensure compliance

The Nepali government has proposed a new casino law aimed at tightening regulations and reducing foreign investment in the gaming sector.

The Grand Ho Tram breaks ground

The Grand Ho Tram has officially broken ground on its new $1 billion complex.

Despite profit dip, Genting Singapore set for 3Q25 growth with new hotel launch

Genting Singapore’s profit dips in 1Q25, but Maybank sees 3Q gains driven by VIP growth and the Laurus hotel launch.

Macau gaming tax revenue flat in first four months of 2025

Macau's gaming tax revenue hit MOP29.84B ($3.71B) in the first four months of 2025, showing no year-on-year growth, official data shows.

Okada Manila operator Universal records loss in 1Q25 as VIP slumps

The Japan-based operator of Okada Manila, Universal Entertainment, has reported a net loss of JPY7.56 billion ($51.53 million) for its fiscal year, due to a decrease in sales volume and drops in the VIP segment at the Manila IR due to a ‘decrease in the number of foreign guests’.

Resorts World Sentosa Chairman Tan Hee Teck to step down on May 31st

Resorts World Sentosa Chairman and Genting Singapore CEO Tan Hee Teck will retire from his position on May 31st.

Solaire North’s rapid ramp up helps Bloomberry achieve 14% GGR growth in 1Q25

Solaire North’s first full quarter lifts Bloomberry’s GGR 14% in 1Q25, helping cushion declines at Solaire Resort Entertainment City.

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