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Melco Resorts reports stronger 3Q earnings on gaming recovery, Cyprus boost

Nelson Moura
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Melco Resorts reports stronger 3Q earnings on gaming recovery, Cyprus boost

Melco Resorts & Entertainment said Thursday its third-quarter profit surged as gaming and non-gaming revenue grew across its Asian and European operations, with solid gains in Macau and record results in Cyprus.

The Nasdaq-listed casino operator reported total operating revenues of $1.31 billion, up 11 percent from a year earlier, driven by stronger performance at its flagship properties in Macau and steady recovery in the Philippines and Cyprus.

Operating income rose to $184.5 million from $138.6 million, while adjusted property EBITDA climbed 18 percent to $380.4 million. Net income attributable to shareholders jumped nearly threefold to $74.7 million compared with $27.3 million in the same quarter last year.

Lawrence Ho, CEO, Melco Resorts
Lawrence Ho, CEO, Melco Resorts

‘Our properties in Macau delivered solid growth in the third quarter, with property EBITDA improving by 21 percent year-on-year,’ said chairman and chief executive Lawrence Ho in the company’s most recent financial report. ‘Margins remained stable, underscoring the strength of our core business and focus on cost discipline.’

He added that the company introduced new gaming areas and facilities during the quarter ‘to provide patrons with a differentiated experience’ and would continue to roll out initiatives to enhance customer engagement.

In the Philippines, property EBITDA grew 45 percent quarter-on-quarter, while in Cyprus, the City of Dreams Mediterranean resort and its satellite casinos posted their best quarter since opening, with property EBITDA up 53 percent year-on-year.

Macau recovery gains pace

At the company’s flagship City of Dreams resort in Macau, total operating revenue climbed 19 percent year-on-year to $672.6 million, with adjusted EBITDA up 27 percent to $206.9 million. Rolling chip volume more than doubled to $5.58 billion, reflecting a recovery in VIP play, while non-gaming revenue grew to $94.8 million.

CIty Of Dreams, Melco Resorts, Macau

At Studio City, revenue rose modestly to $375.3 million from $364.7 million, with adjusted EBITDA up to $104.7 million from $92.8 million, supported by stronger mass-market performance.

Altira Macau continued to operate at a smaller scale, posting revenue of $25.6 million versus $30.5 million a year earlier, with a slightly narrower adjusted EBITDA loss of $0.7 million.

Melco also noted the planned closures of several Mocha Clubs in Macau following the government mandated satellite casino closures in the SAR, with gaming tables and machines reallocated to its larger integrated resorts.

Overseas expansion

In Manila, City of Dreams generated $110.7 million in revenue, down from $118.9 million, while adjusted EBITDA fell to $41.3 million from $45.9 million amid softer slot machine and non-gaming performance.

In Cyprus, City of Dreams Mediterranean and its satellite casinos delivered a strong showing, with revenue surging 33 percent to $85.8 million and adjusted EBITDA rising to $23.2 million from $15.1 million.

City Of Dreams Mediterranean, Cyprus, Melco Resorts
City of Dreams Mediterranean, Cyprus

Melco also began casino operations at City of Dreams Sri Lanka in August, contributing $6.1 million in third-quarter revenue.

The company ended the quarter with $1.61 billion in cash and bank balances and total debt of $7.35 billion. Available liquidity, including undrawn revolving credit facilities, stood at about $2.60 billion.

During the quarter, Melco and its subsidiaries repaid over $530 million in various credit facilities and notes and issued $500 million in 6.50 percent senior notes due 2033 to refinance debt. Capital expenditure for the period reached $67.6 million, mainly for enhancement works in Macau and the fit-out of the new Sri Lanka casino.

Ho said Melco remains focused on ‘strategic investment and disciplined financial management’ as the company expands its footprint in Asia and strengthens its integrated resort portfolio.

1xBet secures the Best User Experience 2025 at SiGMA Awards

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1xBet secures the Best User Experience 2025 at SiGMA Awards

The international betting brand 1xBet was recognized for innovation, earning the Best User Experience 2025 award at the SiGMA Central Europe Awards in Rome.

Simon Westbury, 1xBet’s strategic advisor, accepted the award and shared: “It is always a pleasure to win an award and be recognised by our industry peers. To win Best User Experience 2025 is especially meaningful, as it highlights 1xBet’s commitment to delivering a seamless, personalised, fun, and secure experience for our customers. We will continue to evolve and enhance our product by analysing what matters most to our audience.”

Simon Westbury, 1xBet's strategic advisor, accepted the award.

The jury gave high marks for the platform’s sophisticated mobile adaptation, intuitive registration, and global user experience. Experts noted the range of payment solutions, strong content personalization, and multilingual support. This ensures convenience and accessibility for users worldwide. Other advantages include modern gaming, analytics, live streaming, and advanced data security.

All this makes 1xBet more than just a betting platform, but a complete ecosystem for comfortable and safe gaming.

The award in Rome is further proof of 1xBet’s industry leadership. In 2025, the company received a number of prestigious accolades, including Best Sportsbook Operator at the SiGMA Americas Awards, Mobile Sports Product of the Year at the International Gaming Awards, and Best on Mobile at the SiGMA Africa Awards.

The foundation of 1xBet’s international success is its robust affiliate program. With over nine years of experience, 1xPartners unites thousands of arbitrage and media buying specialists in over 150 countries. The program supports over 250 payment methods and offers lifetime commissions of up to 50% for each referred client.

1xPartners is recognized as one of the best affiliate programs in the industry. It stands out for its transparent terms, personalized support, and effective offers, as confirmed by IGA, SiGMA, and SBC Awards.

PopOK Gaming unveils Night Wolf, its latest addition to the slot lineup

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PopOK Gaming unveils Night Wolf, its latest addition to the slot lineup

PopOK Gaming has released Night Wolf, a 5×3, 10-line video slot that invites players into a forest under the moonlight, where every spin offers a chance to win.

The game combines steady payouts with clear, easy-to-understand features designed to keep players engaged.

With low volatility, an RTP of 95.58%, and a max multiplier of x1543, Night Wolf provides a balanced gameplay experience suitable for a wide range of players. Bets range from €0.02 to €100, and the game includes a jackpot for those chasing top rewards.

Night Wolf key features include:

  • Expanding Wilds that cover entire reels;
  • Scatters that award instant wins when three or more appear;
  • Guaranteed Wins, ensuring at least one winning payline per spin;
  • Buy Bonus Feature, allowing players to add up to three Expanding Wilds in a single spin.

The game is fully optimized for web and mobile and supports 20+ languages. Operators can integrate Night Wolf through standard PopOK Gaming channels, making it easy to add to any platform, while players can start enjoying the game immediately.

Games Global and Foxium studio release Phoenix Infernal Win

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Games Global and Foxium studio release Phoenix Infernal Win

Games Global and its exclusive studio partner, Foxium, have launched Phoenix Infernal Win, a striking new title bringing the legend of the phoenix to life through vibrant design and detailed gameplay.

Set across five reels and 40 paylines, Phoenix Infernal Win showcases Foxium’s renowned storytelling flair combined with a new suite of engaging features. The slot revolves around the popular Collect Feature, which comes to life in three distinctive bonus rounds: Ray of Light, Claw of Fire and Rise of Sun.

As gameplay unfolds, green, purple, and red Wisp symbols gather towards their matching phoenix eggs, each with the potential to unveil a dedicated bonus game. These rounds include multipliers, mystery symbols, and Feather Extra Spins, together adding variety and depth throughout each spin.

Meanwhile, the Boost Meters, powered by Drops of Burst, Blaze and Flame, enrich the bonus rounds with additional Wisps and extra spins once fully charged, alongside four fixed jackpots: Mini, Minor, Major and Grand, with the latter offering a potential prize of up to 25,000x.

Dan Brown, Business Development Manager at Foxium, said: “Phoenix Infernal Win captures the idea of rebirth in a fresh and contemporary way. Every element, from the Wisps to the bonus rounds, has been shaped to create flow and consistency throughout the game, staying true to Foxium’s focus on design that feels meaningful and full of character.”

The Mill Adventure names Bjørnar Heggernes as Chief Commercial Officer

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The Mill Adventure names Bjørnar Heggernes as Chief Commercial Officer

The iGaming platform provider for regulated markets, The Mill Adventure (TMA), has appointed Bjørnar Heggernes as its new Chief Commercial Officer (CCO).

This is the latest announcement at the senior level reflecting the company’s accelerated expansion plans and the enhancement of its position as a trusted partner globally.    

Bjørnar is a commercial leader with over a decade of experience in the iGaming industry. Before joining TMA as Head of Gaming and then Commercial Director, he held a series of key positions across marketing and product development for leading iGaming companies.

In his new role, Bjørnar will be responsible for leading TMA’s global commercial strategy, strengthening client relationships and identifying new growth opportunities across key markets.

Bjørnar Heggernes’ appointment follows the news that The Mill Adventure passed its platform homologation in Portugal, a crucial step conducted as part of the local licensing process with an operator partner. It’s the second major announcement at a senior level in recent weeks, following on from Gerardo Prieto’s arrival as Chief Information Security Officer.

TMA is a Malta-based iGaming platform provider that places a strong focus on technical expertise, full compliance in regulated markets and a partnership-led approach to success. The company’s groundbreaking innovations include SmartLobbies, a fully automated casino lobby management system powered by AI, and Betpool. This social feature allows users to pool funds for a shared iGaming experience across casino, live casino and sportsbook.

Bjørnar Heggernes, Chief Commercial Officer at The Mill Adventure, said: “I am genuinely excited to step into the Chief Commercial Officer role at The Mill Adventure. Having worked across both operator and platform environments, I have seen firsthand what drives sustainable growth in regulated markets. My focus now is to translate that experience into clear commercial outcomes as we continue to expand TMA’s presence globally. What sets this company apart is its people. The depth of talent and technical expertise across the team creates real momentum. Together, we are building platform solutions that combine innovation with the highest standards of compliance, security and reliability, creating long-term value for our partners.”

Dario Arruda, Co-founder and CEO at The Mill Adventure, added: “We are extremely pleased to announce Bjørnar as our new Chief Commercial Officer, a key role in shaping the next phase of The Mill Adventure’s growth. His deep understanding of the industry and proven ability to deliver commercial results make him ideally suited to lead our expansion across regulated markets. Bjørnar has already made a significant impact within the company, and his strategic mindset and leadership will be instrumental as we continue to scale our global operations.”

3 Oaks Gaming ignites its portfolio with Lava Coins 2: Hold and Win 3x5x3

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3 Oaks Gaming ignites its portfolio with Lava Coins 2: Hold and Win 3x5x3

3 Oaks Gaming, a recognized distributor of iGaming content, has revealed the latest addition to its Hold & Win portfolio with the release of Lava Coins 2: Hold and Win 3x5x3, the next explosive chapter in its popular Lava Coins series.

Building on the success of its predecessor, the fiery sequel features refined visuals, expanded reels, and increased paylines, bringing a fresh wave of action to the classic fruit-filled format.

The 3x5x3, 15-line slot intensifies engagement with the introduction of Volcano Multipliers during the Bonus Game. Random volcanic eruptions can add up to six sticky multipliers to the reels, with each eruption resetting the respin counter to keep the action flowing. When combined with up to five Collect Symbols, players can supercharge their rewards, with the Grand Jackpot worth up to 5x the bet.

Landing two Bonus Symbols plus a Collect Symbol triggers three respins in the Bonus Game, where Collect Symbols remain locked and gather the values of all visible bonus symbols, including the fixed Mini, Minor, Major and Grand Jackpots. Players can also activate Lava Spins Mode for 15x the bet, guaranteeing at least one Bonus and one Collect Symbol on every spin.

With enhanced features, immersive design and fast-paced gameplay, Lava Coins 2: Hold and Win 3x5x3 reinforces 3 Oaks Gaming’s reputation for engaging titles that combine familiar formats with inventive twists.

Yurii Muratov, Chief Commercial Officer at 3 Oaks Gaming, said: “Following the incredible success of the original, Lava Coins 2: Hold and Win 3x5x3 raises the bar, building on everything players loved, but with a more refined presentation and fresh mechanics that keep the excitement flowing. This sequel is a powerful addition to our Hold & Win portfolio, showcasing our commitment to creating content that resonates with players worldwide.”

Typhoon Ragasa costs Galaxy $18M in 3Q25, premium play to shine in 4Q

Viviana Chan
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Typhoon Ragasa costs Galaxy $18M in 3Q25, premium play to shine in 4Q

Macau gaming operator Galaxy Entertainment Group (GEG) reported that Typhoon Ragasa caused an estimated total impact of up to HK$140 million ($18 million) on its third-quarter 2025 earnings, despite overall results aligning with market expectations.

The Typhoon Ragasa forced a 33-hour suspension of operations on September 23rd–24th, with direct costs reaching HK$30 million ($3.9 million), according to the company’s remarks during its earnings call following the financial results announcement on Thursday, as cited by Jefferies.

The Galaxy Entertainment Group posted adjusted EBITDA of HK$3.3 billion ($423 million) for 3Q25, up 14 percent year-on-year, while revenue rose 14 percent to HK$12 billion ($1.54 billion). The operator maintained its 20.4 percent market share, unchanged from the previous quarter.

During the earnings call on November 6th, management expressed confidence in the fourth-quarter outlook, citing continued momentum from the Golden Week period and strong premium customer demand. ‘October and early November saw a strong recovery, especially in the premium and VIP segments,’ Jefferies analysts Anne Ling and Jingjue Pei wrote in a note.

The third quarter recorded robust VIP gaming revenue, which surged 86 percent year-on-year, while mass gaming and slot revenues grew 13 percent and 11 percent, respectively. Management attributed the strong premium segment performance partly to the soft opening of Capella in May, which has attracted top VIP and super-premium players who have scheduled multiple return visits to Macau.

September results reflected typical seasonality, as many visitors deferred their trips to coincide with Golden Week in October. Additional disruption came when Typhoon Matmo struck Macau on the fifth day of the holiday. Despite these challenges, the eight-day period recorded 1.14 million visitor arrivals, averaging 143,000 per day, with major resorts reporting 100 percent occupancy.

Raffles Hotel, Galaxy Macau

In its long-term growth pipeline, GEG highlighted its Phase 4 expansion, targeted for completion in 2027. The 600,000-square-meter project will include luxury hotels with 1,500 rooms (revised from an initial 2,500 to allow larger suites), 120 retail units, a 5,000-seat mid-size theater, a water resort, and expanded gaming facilities accommodating up to 400 tables.

Management aims to achieve a 20–22 percent market share before Phase 4’s opening, supported by new premium offerings and sustained performance across both mass and VIP segments. While acknowledging competitive pressures, management said the market has ‘settled on a more rational ground’ with a more targeted approach enhanced by smart tables.

In the near term, Capella and Horizon Plus are expected to fully open in early 2026 following their exclusive preview period, while the group’s only satellite operation at Waldo Casino ceased operations on October 31st in line with government policy.

SimplePlay expands Baccarat offering with Lucky Seven side bet launch

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SimplePlay expands Baccarat offering with Lucky Seven side bet launch

Lucky Seven bet type pays up to 15 to 1 whenever the player wins with 7 points, and it comes in the following side bet types:

  • 2 Cards / 3 Cards Lucky Seven: The payouts are higher when players place bets to guess exactly the number of cards needed for the Player hand to win at 7 points. 2 Cards Lucky Seven pays 15 to 1 and 3 Cards Lucky Seven pays 30 to 1.
  • Super Lucky Seven: This unique bet type pays only when Player has got a hand of 7 points while Banker has got a hand of 6 points. The payout varies depending on the total number of cards held by both hands, and can be as high as 100:1!

SimplePlay is one of the first online providers that offer Lucky Seven, and it’s inviting players to join the premiere launch experience of this popular feature!

Nazara Technologies launches Bigg Boss mobile game, strengthening its entertainment IP strategy

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Nazara Technologies launches Bigg Boss mobile game, strengthening its entertainment IP strategy

Nazara Technologies, India’s leading diversified gaming and sports media company, has announced the launch of Banijay Rights’ mobile title ‘Bigg Boss: The Game’ based on the iconic Endemol Shine India-produced reality show.

Nazara Technologies unveils new brand identity

Nazara, fresh from announcing its new brand identity, is introducing Bigg Boss to mobile in an immersive, choice-driven format that places players inside the iconic house.

The launch underlines Nazara’s IP-focused strategy: pairing strong, ready-made entertainment franchises with in-house and acquired development capabilities to reduce discovery costs and accelerate go-to-market. By leveraging an IP like Bigg Boss, which already has tens of millions of viewers and deep fan engagement, Nazara starts from a built-in audience and can open multiple monetisation levers, from in-app purchases and premium narrative branches to limited-time tasks and live events tied to the show’s timeline. 

Nitish Mittersain, Jt. MD & CEO, Nazara Technologies
Nitish Mittersain, MD & CEO, Nazara Technologies

Commenting on the launch, Nitish Mittersain, Jt MD & CEO of Nazara Technologies, said: “Bigg Boss is one of India’s strongest entertainment brands, and mobile is the most natural extension of that fandom. With Fusebox now part of Nazara, we have the capability to take proven reality formats, localise them for Indian audiences, and keep them alive through regular content updates. This is as much a business story as it is a creative one – we are showing how IP, an owned studio and a strong publishing layer can come together to create seamless, recurring gaming experiences.”

Bigg Boss: The Game has been developed in collaboration with Banijay Rights, the global distribution arm of content powerhouse Banijay Entertainment. The game has been created and developed by Fusebox Games, Nazara’s UK-based narrative studio known for adapting globally successful reality formats such as Big Brother and Love Island, into high-engagement mobile games.

Mark Woollard, SVP Gaming, Banijay Rights, added: “The launch of Bigg Boss: The Game marks an exciting expansion of the brand in India, giving fans and players the opportunity to step inside the Bigg Boss house to experience all the excitement and challenges of the series themselves.”

Bigg Boss: The Game mirrors the core television format – players enter the house as contestants, build alliances, make task choices, compete, manage in-game popularity, and try to avoid eviction. The experience is designed to capture the drama, social strategy and personality clashes that define Bigg Boss, but in a mobile-first, interactive storytelling environment. As the Bigg Boss format is episodic and refreshes every season, the game can also be refreshed regularly, making it a long-running product rather than a one-off launch.

The title launches first in English and Hindi, with planned rollouts in Tamil, Telugu, Malayalam, Bangla, Kannada and Marathi to reach India’s regional entertainment audiences. It is available on both Android and iOS, and has been structured for ongoing, season-style content drops so that storylines inside the game can align with what is happening on the TV property.

Million Games launches Gatsby Gold, bringing 1920s glamour to modern slot play

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Million Games launches Gatsby Gold, bringing 1920s glamour to modern slot play

Million Games has announced the launch of Gatsby Gold, a 5×3, 243-ways video slot that combines the elegance of 1920s art deco with dynamic modern gameplay.

Designed to deliver fast-paced action wrapped in classic sophistication, Gatsby Gold features the all-new Booster Bar, a unique top reel that adds up to three bonus modifiers to any spin. With Random Wilds, Wild Reels, Symbol Multipliers, and Win Multipliers up to 10x, every spin offers the potential for stunning rewards.

“Gatsby Gold is all about energy and elegance,” said Thomas Nimstad, CEO of Million Games. “The Booster Bar brings constant momentum, while the art deco design gives the game a luxurious visual identity that stands out across any game lobby.”

Gatsby Gold by Million Games, now live across all Million Games partner platforms, offers 243 ways to win, a 96.3% RTP, and a maximum payout of 8,100x the bet, making it as rewarding as it is stylish. The sleek black-and-gold visuals, combined with jazz-era ambience, capture the timeless charm of the roaring twenties — reimagined for the modern iGaming world.

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