Genting Malaysia saw a very strong third quarter, with revenue up by 22 percent yearly, to nearly RM3.36 billion ($813.17 million). However, profit for the period fell by some 82 percent, to RM97.6 million ($23.62 million).
Excluding the effect of lower Forex gamins, adjusted EBITDA for 3Q25 increased by 19 percent yearly, to RM835.3 million ($202.15 million).
The group notes that its leisure and hospitality business in Malaysia – Resorts World Genting (RWG)– saw a 19 percent increase in revenue, to RM1.99 billion ($481.6 million), ‘mainly driven by higher overall business volumes in the gaming segment at RWG’. This caused adjusted EBITDA for the segment to rise by some 27 percent, to RM627.4 million ($151.84 million).
According to results from the group’s parent company Genting Berhad, Resorts World Sentosa, in Singapore, saw 13 percent revenue growth in 3Q25, rising to nearly RM2.14 billion ($517.9 million), with EBITDA up by 35 percent yearly, to RM759.4 million ($183.8 million). The group notes that ‘the uplift was driven by improved VIP rolling volume and win rate, and continued growth across non-gaming business’.
Looking to the US, the results for Resorts World Las Vegas ‘were impacted by lower visitation as well as macroeconomic uncertainty’. Overall results from the US and Bahamas saw a 64 percent increase in revenue, to RM774.3 million ($187.4 million), ‘mainly attributable to the consolidation of Empire Resorts […] from June 2025, which added RM332.8 million ($80.54 million) in revenue’. The group notes that this contributed to a 22 percent increase in adjusted EBITDA, to RM151.2 million ($36.6 million), for the quarter.
Looking ahead, the group notes that in Malaysia it will ‘capitalize on Visit Malaysia Year 2026 to drive visitation to Resorts World Genting’. The group is planning to roll out its latest ecotourism attraction – set to be ready ‘next year’.
In Singapore, the group notes that it’s ‘transformation will continue to be anchored on resilient fundamentals, disciplined execution and a keen focus on sustainability’. The group recently debuted its Oceanarium and launched The Laurus – Singapore’s first The Luxury Collection all-suite hotel.
Singapore OceanariumThe Laurus
Looking to the US, the group notes that it has submitted supplemental application materials for a New York commercial casino license, with the winning bidders expected to be announced by December 1st and licenses to be issued by December 31st.
SA Gaming has officially launched Deluxe Blackjack, combining refined strategy with the timeless appeal of a celebrated classic.
Deluxe Blackjack is a classic casino game that comes with a streamlined betting flow where players can make pre-decisions well before their turn. Decisions like double down after split are also available in the game, giving more control to players.
Special payout combos are supported for the Pair side bet in Deluxe Blackjack. The payout varies depending on the Pair received. If both the rank and suit of the player’s initial hand match exactly to the dealer’s first card, the payout can be as high as 50x!
Deluxe Blackjack by SA Gaming has a completely new design from back to front, and is definitely creating an enhanced experience for players!
1xBet makes history as the first official betting partner in the Riot Games ecosystem through its partnership with MIBR’s VALORANT roster.
Under this partnership, 1xBet and MIBR will focus on creating a new, immersive fan experience, strengthening the team’s global fanbase, and boosting overall engagement with VALORANT.
MIBR’s VALORANT roster currently includes players from the United States and Brazil. Over the past few years, the team has been a regular competitor in VCT Americas, and in 2025 they qualified for VALORANT Masters Toronto — the only Latin American team to do so. Later that year, MIBR also earned a spot at VALORANT Champions 2025, finishing in the Top 5 worldwide.
Beyond their esports success, MIBR continues to expand its media presence through collaborations with leading Brazilian influencers such as Sacy, producing original entertainment content, and hosting watch parties during major tournaments — all helping the organization remain one of the most talked-about and fan-favorite names on the regional scene.
Among the team’s stars is Erick ‘Aspas’ Santos, widely regarded as a VALORANT legend in Latin America. In 2025, he set the VCT Americas record for the most kills in a BO3 series and became the first player in VALORANT Champions history to surpass 1,000 eliminations across tournaments (2022–2024). Outside of competition, Aspas is a three-time Prêmio eSports Brasil “Athlete of the Year” winner and a massive fan favorite — during VCT Americas 2024 Kickoff, he became the most-mentioned player on Twitch chats, with over 11,300 mentions.
Simon Westbury, Strategic Advisor at 1xBet, said: “This is a historic step for 1xBet — becoming the first official betting partner of an esports team within the Riot Games ecosystem. MIBR features some of the most talented and visible players in Latin America, and together we aim to strengthen VALORANT’s presence across the LatAm region, elevate its appeal internationally, and deliver a unique fan experience for audiences around the globe.”
Raphael Castanheira, MIBR’s Director of Marketing and Partnerships, added: “Being the first organization in the entire Riot ecosystem to obtain approval for a betting sponsorship is a direct result of how MIBR operates today, as an organized company with robust governance, clear processes, and protected by policies that put competitive integrity at the forefront. ”
DigiPlus Interactive Corp. (DigiPlus), the pioneer and leading digital entertainment provider behind BingoPlus, ArenaPlus, and GameZone, announced a strategic partnership with Pay&Go, one of the leading providers of self-service payment kiosks in the country, to expand secure and convenient wallet-loading options for its players.
Through this new payments partnership, DigiPlus and Pay&Go, the self-service payment kiosks operated by BTI Payment Philippines, a subsidiary of Australia-based Banktech, will enable users to fund their e-wallets with utmost ease by way of its growing network of 3,500 self-service kiosks. With a cash-out feature also being eyed early next year, this collaboration kicks off with BingoPlus and will expand soon to ArenaPlus and GameZone.
“Our commitment at DigiPlus has always been to deliver digital entertainment that is engaging, trustworthy, and service-oriented. Achieving that requires strong partnerships with organizations that share our commitment to customer trust and service excellence,” said Jasper Vicencio, President of AB Leisure Exponent, Inc. and Total Gamezone Xtreme, Inc., subsidiaries of DigiPlus. “This partnership with Pay&Go is grounded in innovation, accessibility, and a shared mission to serve more Filipinos through secure and convenient payment touchpoints. This means more access, more convenience, and more ways for our community to enjoy the DigiPlus experience wherever they are.”
Formally signed on November 26, this partnership agreement was led by Vicencio together with Danilo Ibarra, CEO of BTI Payments Philippines, and its COO Mariel Medina, pairing the former’s growing digital ecosystem with the latter’s operational expertise.
“We are excited to support DigiPlus with Pay&Go’s nationwide footprint. Together, we’re making trusted payment access available to more BingoPlus players across the country, and soon with ArenaPlus and GameZone,” added Danilo Ibarra. “DigiPlus sets a high bar on player trust, and Pay&Go is determined to meet it.”
DigiPlus partners only with payment channels certified by the Bangko Sentral ng Pilipinas in accordance with the requirements set by the Philippine Amusement and Gaming Corporation (PAGCOR). In partnering with BTI Payments, a certified Operator for Payment System (OPS) and Independent ATM Deployer (IAD) whose breadth of experience spans over 25 years, the gaming company taps into decades of expertise in transaction processing and payment device management.
The Pay&Go partnership expands DigiPlus’ player support network, adding to 24/7 in-house service, 130 BingoPlus stores, multiple payment channels, and wallet protection — underscoring its commitment to safe, reliable entertainment in the Philippines.
GR8 Tech has expanded the virtual sports lineup within its ULTIM8 Sportsbook with a new range of virtual basketball, continuing a year of investment in the category that has already seen the addition of virtual horse racing and virtual cricket roulette—a unique format blending casino mechanics with the sport of cricket.
The expansion builds on GR8 Tech’s established strength in cricket, where the company developed one of the industry’s most comprehensive betting lines. Virtual cricket was designed to fill gaps between real-world tournaments, giving operators a way to maintain player engagement year-round—a model now being applied to basketball for markets where the sport dominates.
This content independence stems directly from GR8 Tech’s in-house trading capabilities.
“One of the things that GR8 Tech stands out for is the quality of the trading and the fact that we perform extremely well in very difficult environments, like Asia,” said Dinos Doxiadis, Head of Sportsbook Business at GR8 Tech. “Even our clients’ players in these challenging markets don’t behave like typical players in ‘easier’ regions such as Latin America, we still manage to achieve some of the highest margins there.”
That trading foundation enables GR8 Tech to build and localize content for specific markets rather than relying solely on third-party providers.
“We already have a very strong sportsbook, and now we’re scaling our processes and output capabilities to take it even further…We’re improving the product and creating the conditions to localize very quickly and offer a truly localized experience across the world.”
GR8 Tech is also investing in infrastructure to give operators greater control over how they deploy this content.
“The goal is to put even more power into the hands of our operators so they can tailor the product exactly as they want. As we move forward with new data and content agreements, they’ll gain an even greater ability to adapt the sportsbook to their specific needs—on top of what they can already do today.”
Personalization is central to that roadmap. “We have delivered quite a few recommendation models, and right now we can serve custom content on a user level, and we will continue working in this direction,” added Doxiadis. “We have a very good infrastructure and baseline to invest in.”
With a geo-specific approach to solutions, a focus on practical innovations, and an operator-first mindset, GR8 Tech helps its clients achieve measurable results in their target markets quickly and efficiently. Trusted by top operators worldwide, GR8 Tech has over 100 successful cases and earned multiple recognitions, including the title of Platform Provider of the Year by SBC Awards 2025.
Singapore raised its 2025 economic growth forecast after a strong revival in tourism and rising hotel demand helped power a better-than-expected third quarter, with international visitor arrivals and tourism receipts now close to or above pre-pandemic levels, the Ministry of Trade and Industry (MTI) said.
Tourism, which contributes about 6 percent of Singapore’s services exports, continued its robust rebound this year. Tourism receipts climbed 5.3 percent year-on-year to SGD15.7 billion ($12.1 billion) in the first half of 2025, following a full-year total of SGD29.8 billion ($22.9 billion) in 2024—7.6 percent above 2019 levels.
Spending on food and beverage, entertainment, gaming and accommodation all grew strongly, supported by a packed calendar of concerts and major events.
International visitor arrivals reached 12.9 million in the first nine months of 2025, up 2.3 percent year-on-year, recovering to nearly 90 percent of 2019 levels. Growth was driven by key markets including Australia, India, mainland China and Malaysia.
The accommodation sector expanded 4.9 percent in the third quarter as hotel lettings rose across segments, led by luxury properties, while air travel through Changi Airport continued to increase.
Singapore is home to two integrated resorts: Marina Bay Sands (MBS) and Resorts World Sentosa (RWS), the only licensed casinos in the country, forming a controlled duopoly.
The tourism momentum helped lift overall GDP by 4.2 percent in the third quarter, prompting the government to upgrade its 2025 growth forecast from 1.5–2.5 percent to ‘around 4 percent’. Quarter-on-quarter, the economy expanded 2.4 percent.
Manufacturing remained the other major driver, with the electronics cluster boosted by strong global demand for AI-related semiconductors, servers and components. Biomedical manufacturing, wholesale trade and finance also posted firm growth as global and regional activity stayed resilient.
The MTI noted that the recovery in tourism mirrored broader regional trends, with Asia-Pacific arrivals reaching about 90 percent of 2019 levels in 2024. Singapore has maintained a roughly 6 percent share of visitor flows among major regional destinations.
The ministry cautioned, however, that global uncertainty, a strong Singapore dollar and intensified competition from visa-liberalizing destinations could weigh on visitor numbers in the near term.
For 2025, the Singapore Tourism Board projects between 17 million and 18.5 million arrivals and tourism receipts of SGD29–30.5 billion ($22.3–23.5 billion).
Looking ahead to 2026, MTI expects GDP growth to ease to 1–3 percent as tariff pressures in major economies become more pronounced and export momentum softens.
Tourism remains a long-term bright spot, with Singapore’s “Tourism 2040” roadmap targeting up to SGD50 billion ($38.5 billion) in annual tourism receipts by enhancing major events, lifestyle offerings and business travel.
QTech Games has unveiled a new addition to its premium pipeline, partnering with rising star GameBeat, a slots supplier renowned for its cinematic titles.
Integrating an exceptional portfolio from one of the most visually stunning and highly detailed digital slots providers adds yet more creative muscle to QTech Games’ burgeoning platform, which is taking the widest range of online games to emerging territories, with established names sitting alongside the industry’s most exciting up-and-coming providers.
The games made available to QTech partners via the deal are comprised of popular hits and recent releases, including Clint Westwild, Spin 4 Dead 2: Zombietown, Fortune of Flint, Scandipigs, Buffalo Golden Canyon, and Lucky Wildano – all of which ride on the back ofunique maths modelling that varies the volatility spectrum, helping to create some truly engaging gameplay.
Philip Doftvik, QTech Games’ CEO, said: “We’re committed to rolling out first-class content that drives revenue for our partners. So, this deal with GameBeat extends our impressive sequential pipeline – and we’ve so much more to come in 2026!.”
The deal organically broadens GameBeat’s international footprint, unlocking untapped jurisdictions for diversified growth from Asia to Africa, and Latin America to Eastern Europe, including Serbia, where GameBeat is based.
Sofiya Balakina, Business Development Manager of GameBeat, added: “At GameBeat, we’re committed to perfectionism — from the graphics and sound effects to the gameplay mechanics and features. That’s what keeps our players coming back for more. By combining creativity and technology to craft unique, engaging online slots with distinctive graphics and features, we raise the bar for a premium gaming experience. Consequently, collaborating with QTech represents a fantastic opportunity to strengthen our product distribution across emerging territories and introduce our great games to a range of top-tier partners.”
The exhibition will take place from 10 to 11 December in Manila, providing an important platform to present the company’s strategic vision, technological capabilities, and integrated approach to one of Asia’s most influential industry gatherings.
As the Asian iGaming community convenes in Manila, BetConstruct AI will welcome visitors at Stand N2-618 to explore an ecosystem built for clarity, efficiency, and long-term direction. The presentation moves beyond a standard showcase, highlighting an integrated environment shaped by intelligence and measurable value, supporting stronger performance across digital and retail channels.
During G2E Asia, the company will present its time-limited commercial offer. Operators finalising new agreements on or before 15 January 2026 will receive a 50% reduction on setup fees, tools, and services for one year. This initiative is intended to support market expansion, new brand launches, and strategic planning for 2026 under more favourable financial terms.
At the centre of BetConstruct AI’s ecosystem are the Sportsbook and the Casino Suite, which serve as foundational pillars. These solutions provide the depth, coverage, personalisation, and consistent multi-channel performance required for stable and scalable operations.
Within this broader structure, The Last Battle presents a refined interpretation of progression and player value, establishing loyalty as an active and evolving journey. Land-Based Solutions extend intelligent capability into physical venues through tools that modernise retail operations, while Loya strengthens in shop relationships through a dedicated loyalty framework. Affigates, presented separately within the ecosystem, offers an independent affiliate network prioritising structured reach, quality traffic, and trusted partnerships.
Supporting all components of the ecosystem is the AI Suite, which serves as the analytical core. CRM AI provides behavioural insight to strengthen engagement. Umbrella AI enhances operational assurance by identifying potential risks and supporting informed decision making. The AI Game Recommendation System further advances personalisation by aligning content with individual player preferences. Together, these elements form the intelligence infrastructure that underpins the wider BetConstruct AI environment.
BetConstruct AI’s participation in G2E Asia reflects its ongoing commitment to developing technology that is adaptable, comprehensive, and aligned with the emerging requirements of the region.
Sands China has been recognized as Exemplar in five categories of the 2025 Business Sustainability Indices (BSI) by the Chinese University of Hong Kong (CUHK), including four Top 3 rankings.
This achievement makes Sands China the first integrated tourism and leisure enterprise in Macao to achieve a Top 3 ranking in the BSI. The company was further honoured with the Hong Kong Business Sustainability Index 10th Anniversary Decade of Excellence Award – Sustainability Progress for the first time, recognising its significant progress in sustainable management, its profound impact on the environment and society, and its contributions to promoting sustainable development.
The Business Sustainability Indices were launched in 2015 and aim to recognise companies that contribute to positive impact on society and the environment. The indices are ranked and scored based in three areas: value (comprising vision and mission), process (management and practice) and impact. The BSI assess companies’ vision, management capabilities, and their impact (contributions) to society, the environment and stakeholders.
This year’s BSI assessed 385 listed companies in Hong Kong, Taiwan, Shenzhen, and Shanghai, and global hotel chains. Sands China ranked in the top three in the following indices:
Global (Asia-Pacific) Business Sustainability Index;
Greater China Business Sustainability Index;
Greater Bay Area Business Sustainability Index;
Hong Kong Business Sustainability Index.
Sands China was also ranked in the top 10 companies in the Greater China Hotel Business Sustainability Index, meanwhile achieving the highest rating of Exemplar in all five indices. This recognition fully affirms the company’s comprehensive integration of social responsibility practices into its business model and its effective balancing of the needs of all stakeholders. For its years of implementing a progressive strategy for corporate social responsibility and sustainability, Sands China received the ‘Hong Kong Business Sustainability Index 10th Anniversary Decade of Excellence Award – Sustainability Progress,’ demonstrating the significant achievements and rapid growth of its sustainability practices.
Commenting on the distinctions, Grant Chum, CEO & Executive Director of Sands China Ltd., said: “Sands China is honoured to receive multiple recognitions from the Chinese University of Hong Kong’s Business Sustainability Indices for our sustainable development initiatives, and we are proud to have won the Hong Kong Business Sustainability Index 10th Anniversary Decade of Excellence Award – Sustainability Progress, testifying to the remarkable progress we have made in our environmental, social and governance strategies over the years. We sincerely thank our team members, suppliers, and community partners for their full cooperation and support in contributing to building a sustainable future.”
Sands China has consistently focused on promoting and optimising its sustainable development initiatives, including energy conservation and emission reduction, resource recycling, environmental protection, and community engagement, to help reduce the environmental impact of its operations.
Sands China’s sustainable business practices are carried out under the People, Planet and Communities corporate social responsibility platform of Las Vegas Sands. Sands China’s variety of initiatives include the Sands ECO360 global sustainability strategy, the Sands Cares corporate giving and community engagement programme, and the Sands China Academy, a team member professional development programme. Sands China has a strong track record in sustainable business performance through the economic value and social impact it has delivered – as part of its commitment to serve the Macao community and contribute to making it a better place to live and work.
Vietnam has radically reshaped its casino gaming landscape, offering a huge opportunity to The Grand Ho Tram by allowing local gaming. While the decision was not entirely unexpected, according to an expert, the repercussions will be profound, and usher in a new wave of play to the geographically significant region.
The Grand Ho Tram has seen multiple phases of development, but its current status – bolstered by the controlling interest of Warburg Pincus and under the leadership of CEO Walt Power – has led the property to new heights.
And nothing could cement that status more than the granting (on Wednesday) of the right to allow locals to gamble at the property.
Ben Lee
Gaming expert Ben Lee, Managing Partner of IGamiX Management and Consulting, notes that industry chatter early this year already indicated that Ho Tram would get a license, alongside Van Don (when a property eventually opens), and accompanying the now-permanent extension of the Corona Resort & Casino’s pilot local’s trial.
Previously, only Corona and Van Don had been greenlighted to allow locals to gamble. This new revelation for Ho Tram – which even CEO Walter Power told AGB he was circumspect about at the ASEAN Gaming Summit in March – is a massive boost for the property, given its close proximity to Ho Chi Minh, which houses a significant number of punters that had previously been restricted to foreigner-only slot parlors.
Expectations started to build after the first quarter of this year, with indications that the Politburo – the ultimate decider on the topic – could allow for the lapsed pilot program to continue in Phu Quoc (at Corona), but could also let worthy participants get a piece of the pie.
Ben Lee points out that, while the Grand Ho Tram had initially only fulfilled part of its expected build-out in order to get its table and machine game allocation – 90 tables and 400 machines (with a cap at 1,000), under the ownership of Warburg Pincus it has propped up its status by propelling its development and signaling its willingness to continue investing and developing the region.
Bring the party from Saigon
Lee points out that there’s a massive crowd in Ho Chi Minh that is ready and willing to place their bets. Whether it’s at the local slot parlors, which total about a dozen in the city itself and around 30 nation-wide, or – for the foreigners residing there (particularly Korean and Chinese) – venturing into the nearby casino.
This captive audience is unlikely to change, but the introduction of local gambling to Ho Tram should cause a massive shift across the whole property, with changes to the casino floor, an increased emphasis on entertainment, more comping and a push to maintain the VIP players that would previously take a jaunt to Singapore or Australia.
And Ho Tram could be the perfect place.
Lee notes that “Corona had very little GGR from the locals. Because of their remoteness and because of the constraints. So, the local market is an untested one”.
The expert highlights that previously a “handful of super VIPs” had frequented other jurisdictions – with players with up to $30 million hitting up Australia and those less flush heading to the Merlion city (Singapore).
Lee notes that pre-Covid estimates before this new revelation had the Ho Chi Minh gaming market at around $30-$50 million in GGR per month – just based upon the figures from the slot parlors. The potential upside for an IR located just a few hours away is phenomenal.
What’s next for Ho Tram?
Currently for locals to gamble at local casinos there is an entry levy of VND1 million ($38), with the possibility for a monthly rate of VND25 ($948) and a required proof of income of at least VND10 million ($380).
And The Grand Ho Tram’s total buildout cost was initially tallied at around $4.2 billion. Current expenditure is estimated around $1.5 billion, according to reports.
The smartest move, notes Ben Lee, is to inject the solid gains that can be expected from the opening up to locals into redevelopment, cementing the goodwill (given that it’s only a five-year permission) and building the IR into not only a gaming hub but an international destination.
“One of the key advantages is (the IR’s) proximity to the most prosperous region, with the largest population center in Vietnam: Ho Chi Minh…Ho Chi Minh has always been the prize. (Sheldon) Adelson, when he went to Vietnam, he said “Give me Ho Chi Minh, and maybe Hanoi. The government offered Van Don, and he said, “No, thank you”.”
And Ho Tram’s expansion also brings with it massive advantages.
Currently, the property operates around 90 tables and 400 gaming machines (with a cap at 1,000). According to previously disclosed information, if a third hotel tower opens – with another 1,200 rooms, casino table and machine capacity could literally double.
With the stage now set for its success, it remains to be seen how The Grand Ho Tram can capitalize off this massive opportunity, and what it will mean for Vietnam’s gaming industry as a whole.
AGB requested comments from Walt Power but he indicated that he would prefer to comment at a later date.
