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Century Entertainment signs Vietnam casino LOI, reports revenue from gaming JV

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Hong Kong-listed Century Entertainment International Holdings Ltd announced that its business operations have remained stable despite the suspension of share trading since June 26th, 2025, as the group continues to transition from ‘a mobile game solutions model to an online gaming platform business.’

According to the company’s latest update, this transformation led to the establishment of the JV Company under a JV Agreement with the Philippines’ World Platinum Technologies Inc. (WPT). The group has been leveraging its technical team and existing client relationships in Asia to market and distribute gaming system platforms and related content across the Asia-Pacific region.

The JV Company generated unaudited revenues of approximately HK$800,000 ($102,600), HK$1,000,000 ($128,200), and HK$3,268,000 ($418,700) for July, August, and September 2025, respectively.

In a parallel move to revitalize its core gaming operations, Century Entertainment signed a non-binding letter of intent (LOI) on July 28th, 2025, with a casino operator in Vietnam to explore potential expansion into that market. The initiative follows the termination of the group’s VIP room operations in Cambodia, marking a renewed strategic focus on the gaming sector.

The company said the Vietnam project and its online gaming platform are complementary business lines, noting that the platform could be offered to other third-party operators, including its proposed Vietnam venture, thereby creating ‘mutual operational and marketing synergies.’

Century Entertainment’s diversification efforts also include a smaller venture into the distribution of premium camellia seed oil, which recorded HK$694,300 ($89,000) in unaudited revenue for the six months ended September 2025.

The group continues to work with its auditors, Crowe (HK) CPA Ltd, to resolve outstanding issues related to a prior disclaimer of opinion. The company also restructured its board in 2025 to meet Hong Kong Stock Exchange compliance requirements, including the appointment of Zeng Qin as an independent non-executive director effective September 1st, 2025.

Trading in Century Entertainment’s shares on the Hong Kong Stock Exchange remains suspended until further notice, with the company stating it will continue to provide updates on its resumption progress as appropriate.

GKL 3Q25 operating profit surges nearly 200% on stronger hold rates, visitor gains

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South Korea’s foreigner-only casino operator Grand Korea Leisure Co. (GKL) reported a sharp rebound in earnings for the third quarter of 2025, with operating profit soaring 198.8 percent year-on-year to KRW17.3 billion ($12.4 million), driven by stronger casino hold rates and increased visitor traffic.

According to the company’s filing with the Korea Exchange on Tuesday, quarterly revenue rose 16.7 percent from a year earlier to KRW109.4 billion ($78.2 million), while net profit climbed 142.7 percent to KRW14.7 billion ($10.5 million).

The casino drop amount—the total value of chips purchased by customers—reached KRW2.72 trillion ($1.94 billion), down 1.9 percent year-on-year. However, the hold rate improved by 1.3 percentage points to 11.7 percent, supporting overall revenue growth. Casino gaming revenue, representing the portion of the drop not exchanged back into cash, rose 10.9 percent to KRW318.7 billion ($228 million).

Visitor arrivals increased 4.9 percent to 788,000 during the quarter, led by a 16.1 percent surge in Japanese patrons to around 277,000, while Chinese visitors declined 4.6 percent to roughly 336,000.

Local media quoted a company representative as saying that GKL continues to focus on retaining its existing VIP clientele in the Greater China market through tailored marketing programs, including non-face-to-face engagement, baccarat tournaments, and dinner shows customized to guests’ nationalities and preferences.

South Korea’s new visa-free policy for Chinese tour groups also took effect on September 29th, with the government projecting an additional 1 million visitors by the program’s conclusion next June.

Daily Asia Gaming eBrief: Wynn Macau resilient due to strong premium play

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Good Morning. Wynn Macau has never been an underdog, but it has always shied away from the spotlight, choosing to focus on premium and VIP instead of the mass market that is now the talk of the town. And its strategy has largely worked, with sequential gains, largely focused on the more luxury segment. However, non-gaming has not yet kept up with the rest, and debt refinancing is also weighing on the operator. Meanwhile, the expansion plans – boosted by the first-mover advantage in RAK – could now be facing a bit of competition, as up to two rivals could set up in the United Arab Emirates.

What you need to know


On the radar


AGB Intelligence

Wynn Macau releases 2024 Sustainability Report, marking key environmental milestones

Premium tables balance non-gaming slowdown at Wynn

The third quarter fared quite well for Macau gaming operators, with Wynn seeing a strong boost in premium mass, at least according to results seen by Fitch. Its $1 billion in revenue was lifted by a 20 percent rise in gaming revenue, its main driver, with strong expectations for heady results from Golden Week to boost 4Q25 results. The Macau operator still faces leverage issues, as it aims to balance the books in the best possible way.

Corporate Spotlight

90-Day Playbook for Winning Asia’s Gaming Market | GR8 Tech

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Every operator can launch, but few can lead. In Asia, leadership is won in the 90 days after go-live, when payments feel effortless, content resonates locally, and every touchpoint builds trust.


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SkyCity secures new 15-year casino venue license in Queenstown

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Australia and New Zealand gaming operator SkyCity Entertainment Group has announced that it has secured a 15-year renewal of its casino venue license in Queenstown.

According to a company filing on Tuesday, SkCity Queenstown Limited was granted the extension from December 7th, 2025.

Jason Walbridge, SkyCity CEO
Jason Walbridge

Speaking of the changes, SkyCity CEO Jason Walbridge noted, “We’re delighted with this outcome. We look forward to continuing to play our party in Queenstown’s fantastic range of entertainment for both locals and visitors.”

The group just recently announced that it had taken possession of the New Zealand International Convention Center in Auckland, and its recent results levied a strong push to maintain forecasts for its 2026 fiscal year, amongst strong cost-saving measures.

This has also been bolstered by equity raising initiatives stretched out over the past months, even as the company works hard to battle drops brought about by increased player harm reduction programs, such as carded play.

Malaysia: Meta dispute deepens over alleged ad revenue from scams/gambling

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Malaysia’s communications regulator is set to summon Meta over allegations that the social media giant internally projected up to 10 percent of its 2024 revenue came from advertising linked to scams, illegal gambling, and other banned goods – a figure that could amount to as much as MYR66.5 billion ($16 billion), according to documents cited by Reuters.

The Malaysian Communications and Multimedia Commission (MCMC) confirmed it will hold a second meeting with Meta and launch a formal investigation. Commissioner Derek Fernandez described the revelations as “serious and disturbing,” calling them a matter of “grave concern” that requires urgent scrutiny.

Reuters reported that internal Meta documents suggested the company may have shown users up to 15 billion “high-risk” scam ads per day, with annualized revenue from such categories estimated at around MYR24.9 billion ($7 billion). Meta disputed the characterization, saying the 10.1 percent figure offered a “rough and overly inclusive” view and did not accurately represent its ad revenue sources.

Between January 1st and November 4th, 2025, Malaysian authorities requested the removal of 157,208 illegal online advertisements and 44,922 scam ads, most of them from Meta’s platforms, including Facebook and Instagram. Regulators noted that these figures far exceeded takedown requests for rival services such as TikTok, Telegram, X (formerly Twitter), and YouTube.

Data shared by the MCMC showed that gambling-related content continues to pose a major challenge. Authorities issued 45,448 takedown requests for gambling adverts on YouTube, 3,956 on TikTok, 269 on Telegram, and just 11 on X, underscoring that Meta-linked platforms continue to host disproportionately high volumes of illicit content, according to Fernandez.

MCMC Malaysia

Regulators argue that tech companies are profiting from illegal or fraudulent activity while governments spend significant public resources policing their platforms. Fernandez said firms must demonstrate stronger safeguards to prevent repeat offenders and curb the use of social media for criminal purposes.

He warned that Malaysia may consider tougher measures if outcomes fail to improve. These could include licensing social media platforms, granting victims statutory rights to sue companies that repeatedly facilitate criminal acts, and pursuing legal action where evidence shows platforms knowingly enabled wrongdoing.

Fernandez also proposed a “public safety and online-harm rating system” for digital platforms, coupled with mandatory transparency reporting. The goal, he said, would be to strengthen accountability and give users clearer insight into how companies manage harmful or illegal content.

Meta, which operates Facebook, Instagram, and WhatsApp, has pushed back against Malaysia’s social media licensing proposals, warning that heavy-handed regulation could stifle innovation and fail to keep pace with evolving cybercrime tactics. Still, the company said it remains open to continued dialogue with the government despite ongoing tensions.

Eeze expands Live Casino portfolio with Fusion Roulette debut

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Eeze, the next-generation games provider, has expanded its live casino offering with Fusion Roulette, a new take on the traditional format powered by high-spec technology and immersive visual effects.

While maintaining the traditional single-zero format, Fusion Roulette enhances the experience by selecting 2 to 5 random Fusion Numbers each round, each with multipliers ranging from 60x to 1,500x.

When triggered, these numbers burst into action with augmented reality effects, adding a layer of cinematic flair to every spin.

Set within a fully customisable live studio, the game combines sleek visuals with a flexible design that allows operators to tailor the look and feel to their brand.

Fusion Roulette is the latest evolution of Eeze’s portfolio, following the rollout of its state-of-the-art real-time rendering combined with chroma key technology, designed to meet the growing demand for immersive live casino experiences, entertainment-led live casino content.

Graeme Powrie, Chief Commercial Officer at Eeze, said: “We’re really proud to bring Fusion Roulette to life. It’s a product that adds something exciting and fresh to the live casino space, without losing what players love about roulette. The visuals, the multipliers, the flexibility, it’s all built to create a more engaging experience for players and give operators something they can really make their own.”

RocketPlay secures “Best Customer Service” at European iGaming Awards 2025

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RocketPlay Casino has been awarded Best Customer Service at the European iGaming Excellence Awards 2025 — a widely respected industry award celebrating excellence and innovation worldwide.

For RocketPlay, this award marks a major milestone — proof that genuine care, innovation, and consistent performance are noticed and appreciated by the iGaming industry.

“Our goal has always been simple — to create a service that players can rely on,” said Alex Martin, PR Manager at RocketPlay. “Winning this award highlights that our focus on trust, speed, and human connection truly makes a difference.”

This recognition also reflects the daily work of RocketPlay’s 24/7 multilingual support team, which delivers help within seconds and reaches 90%+ one-touch resolution. The casino maintains a CSAT score above 90%, and over half of all inquiries are now handled through AI-powered chat while keeping the tone personal and friendly.

The brand continues to strengthen its reputation across the community, holding top ratings such as 9.8/10 on CasinoGuru, 9.1/10 on AskGamblers, 4.4/5 on Trustpilot, and 4.3/5 on LCB.

RocketPlay remains committed to pushing standards higher — ensuring every player receives fast assistance, transparent communication. We thank the award organizers and the jury for this meaningful recognition.

Premium segment lifts Wynn Macau’s 3Q25 results despite non-gaming weakness: CreditSights

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Wynn Macau delivered solid third-quarter 2025 results driven by its premium gaming segment. However, weakness in non-casino operations tempered overall growth, according to a report from CreditSights, a division of Fitch Group.

The Macau casino operator posted a 15 percent year-over-year increase in total revenue to $1 billion in 3Q25, primarily fueled by a 20 percent surge in gaming revenue, which represented 86 percent of total revenue. CreditSights analysts Nicholas Chen and David Bussey noted that higher-than-normal VIP hold rates across both the Wynn Palace and Wynn Macau properties supported the strong performance.

Wynn Macau’s EBITDAR grew 17 percent year-over-year to $308 million, bringing the EBITDAR margin to 30.8 percent, up 0.6 percentage points from 3Q24. The margin improvement reflects management’s ‘continued focus on boosting margins coupled with its recently improved market share,’ according to the analysts.

Management reported strong volume metrics and mass drop following the Golden Week holiday, ‘led by the premium segment,’ the analysts wrote. CreditSights estimates that Wynn Macau’s market share improved to 13 percent in 3Q25, up from 11.9 percent in the previous quarter, though still below the 14.6 percent share it commanded in 2019.

Wynn resorts financial losses

Non-gaming revenue contracts despite full occupancy

Non-gaming revenue declined 8 percent year-over-year to $144 million, representing just 14 percent of total revenue. The weakness was primarily driven by lower room revenues at both properties. Revenue per available room (RevPAR) fell 25 percent at Wynn Palace and 11 percent at Wynn Macau year-over-year, despite hotel occupancy rates remaining near full capacity at 98.2 percent and 98.8 percent, respectively.

At the property level, Wynn Palace demonstrated stronger growth with a 22 percent year-over-year revenue increase, driven by a 30 percent surge in casino revenue from higher VIP turnover and mass table drop. The Wynn Macau property saw more modest growth of 3 percent year-over-year, with a 6 percent increase in casino revenue.

Higher refinancing costs pressure financial metrics

The company’s financial position showed mixed developments. Gross leverage improved to 5.3x from 5.5x as of June 2025, though this remains well above pre-COVID levels of 3.6x in fiscal 2019. Total debt remained largely flat at $5.85 billion following the refinancing of its $1 billion 5.5 percent 2026 bond with a new $1 billion 6.75 percent 2034 bond.

The refinancing, however, pushed the company’s weighted average cost of debt higher to 5.8 percent from 5 percent in March 2025. This increase was compounded by rebounding HIBOR rates, which elevated the average borrowing cost on its revolving credit facility to 5.56 percent as of September 2025 from 3.38 percent in June 2025.

CreditSights calculated that Wynn Macau generated approximately $162 million in free cash flow during 3Q25, with an EBITDAR-to-interest coverage ratio of about 3.0x.

For the near term, analysts expect EBITDAR margins to remain stable as management continues to prioritize margin enhancement. However, they noted that minor disruptions from the ongoing expansion of the Chairman’s Club gaming area and room renovations at Wynn Tower may slightly affect topline performance in 4Q25.

CreditSights maintains its ‘market perform’ recommendation on Wynn Macau’s dollar-denominated bonds, continuing to prefer exposure to MGM China within the Macau high-yield gaming space.

1xBet sparks industry conversation on Regulation and Player Safety

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Following the release of the Player Protection Index Report – Western Europe, 1xBet Strategic Advisor Simon Westbury will join a panel on November 12 during Player Protection Week to explore how operators and regulators can collaborate more effectively to enhance player safeguards.

1xBet confirmed its participation in a Player Protection Day webinar, co-hosted with SBC Media, to continue the industry dialogue initiated by the Player Protection Index – Western Europe.

The session which is titled “Strengthening the crucial relationship between operators and regulators” — will be hosted by Steve Hoare, of the Player Protection Hub and joined by Player Protection Experts, Peter Marcus, Director of the Marcon, Anton Kaszubowski, Director of Greenlaw Limited, and Simon Westbury, Strategic Advisor to 1xBet. The discussion will explore how both operators and regulators, despite sharing the same objective of protecting players, often experience misalignment in expectations, implementation, and communication.

1xBet sparks industry conversation on Regulation and Player Safety

Drawing on insights from 1xBet’s supported research, the panel will highlight best practice, identify friction points, and discuss pragmatic reforms that balance regulatory integrity with player experience.

Simon Westbury, Strategic Advisor, 1xBet said: “This isn’t about pointing out issues — it’s about working together on solutions and building bridges. Operators and regulators ultimately want the same outcome: a safe, sustainable, and trusted marketplace. The challenge lies in turning shared intent into shared standards.”

“At 1xBet, we believe protection should be built-in, not bolted-on. That means earlier engagement, consistent frameworks, and practical guidance operators can apply proportionately across jurisdictions. Through open dialogue, data transparency, and empathy, we can design systems that genuinely protect players, without pushing them into unlicensed spaces.”

Independent research from the International Player Safety Index: Western Europe found that:

  • 60% of operators rate player protection highly in their primary market;
  • 43% are unsatisfied and 26% uncertain about the quality of regulatory guidance.

The findings underline the need for earlier collaboration and clearer, shared definitions of success between regulators and operators.

Inconsistent frameworks create friction for responsible operators and open doors to leakage from the regulated channel. Earlier, data-led, human-centered interventions, supported by practical, auditable standards which can improve outcomes while maintaining channelisation.

• Assessing a structured audit cadence of protection triggers and outcomes across key markets;
• Exploring friction-light, risk-based checks with privacy-by-design and data minimisation;
• Evaluating broader use of multi-operator tools (where available) to support earlier, consistent interventions;
• Considering ways to share benchmarks and learnings with regulators and peers to support cross-border minimum standards;
• Investigating AI-assisted workflows with transparent logic and independent testing before any deployment.

The Player Protection Day webinar on 12 November marks the next milestone in 1xBet’s commitment to advancing responsible gaming through insight, cooperation, and transparency. It will serve as a live forum for cross-sector dialogue, encouraging new standards of clarity, empathy, and shared accountability in how player safety is defined and delivered.

Forthcoming study: The next qualitative report in the series will examine African markets, focusing on consistency, early intervention and data-sharing in rapidly evolving frameworks.

Hong Kong Jockey Club schedules first race in mainland China for October 2026

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The Hong Kong Jockey Club (HKJC) has confirmed that its inaugural race meeting at Conghua Racecourse in mainland China will take place on October 31st, 2026, marking what the Club describes as “the launch of world-class racing in mainland China,” according to Idol Horse.

HKJC Chief Executive Officer Winfried Engelbrecht-Bresges announced the confirmed date, stating that the launch program will likely feature five to six races. The initial plan to begin regular fixtures at Conghua in April 2026 was postponed to allow sufficient time for construction completion and to account for potential adverse weather conditions during summer.

Hong Kong Jockey Club

The delay also enables the Club to align its planning with China’s five-year National Equine Industry Plan, expected to be released in March 2026. “The whole National Equine Industry Development Plan was from 2020 to 2025, so we expect there will be a new plan in March 2026,” Engelbrecht-Bresges explained. “That will outline the next five years and give us more information on policy direction.”

The first meeting will likely be limited to officials and invited guests, with the second meeting scheduled for late November 2026 serving as the broader public launch.

The HKJC will utilize its “Commingling” brand to provide betting services via simulcast in Hong Kong and jurisdictions worldwide that have agreements with the Club, though betting will not be available within mainland China, including for visitors from Hong Kong attending Conghua.

Located approximately 200 kilometers from Hong Kong, Conghua Racecourse spans 150 hectares and can accommodate over 660 active horses at current stable capacity. The world-class facility, originally designed as the equestrian venue for the Guangzhou 2010 Asian Games, has become integral to Hong Kong racing operations. According to the Club’s annual report, 37 percent of runners last season utilized Conghua’s training facilities, including champions like Ka Ying Rising and Voyage Bubble.

The journey from Sha Tin Racecourse to Conghua takes approximately three hours by car and four hours via specially-designed cross-boundary horse floats—travel times that align with standard international racing practices.

Additionally, HKJC has acquired land for an equine transfer center near Conghua, scheduled for completion in April 2027, which will facilitate horse imports into mainland China and potentially support development of a domestic breeding industry.