Business & M&A

Genting Malaysia Bhd’s United States and Caribbean operations are forecast to contribute 36 percent of the group’s annual earnings before interest, taxation, depreciation, and amortisation (EBITDA) in 2027, up 20 percentage points from 2025. That would be based on a projected 63.1 percent year-on-y…

Virginia’s casino industry is bracing itself for yet another record year as gaming revenue keeps climbing and construction advances on two major casino resorts. 21% YoY Increase The Virginia Lottery, responsible for regulating casino gaming and online sports betting in the commonwealth, shared that…

The new COO arrives from the client side of the company, with a mandate to standardize processes, put data behind every decision, and apply AI where it saves real working hours. NuxGame has appointed Mariia Baranova as Chief Operating Officer. Baranova takes charge of operations across the company…

In the second quarter of 2026, Genting Malaysia returned to the profit column significantly bolstered by the full-scale commercial launch of casino service inside Resorts World New York. The company booked a net profit of RM27 million as compared to a net loss of RM25.2 million for the first quarte…

AffPapa is excited to welcome Betable as the Signature Sponsor of the iGaming Club Lisbon 2026, scheduled to take place on 28th of September. Betable is a modern iGaming platform built for operators that want to launch and scale without the limitations of legacy infrastructure. Its turnkey, casino-…

SkyCity Entertainment Group announced a year-on-year decline in EBITDA by 22.3% for FY26, which was caused by decline in casino revenues and increasing operating costs. EBITDA fell to NZ$181.6 million ($107.7 million) for the year ended June 30, while underlying revenues have declined by 0.3% to NZ…

Affiliate reports sharp increase in North America EBITDA margin in Q2 thanks chiefly to prediction markets.

Florida Attorney General James Uthmeier has initiated legal action against numerous prominent sweepstakes casino providers, including Stake, Chumba Casino, LuckyLand, and Global Poker, in a bid to terminate their activities and retrieve money that consumers purportedly lost. The lawsuits were lodge…

A player who wins $100,000 and loses $100,000 this year now owes federal tax on $10,000 they never kept. The 90% cap on gambling loss deductions applies from the 2026 tax year, and the venues competing hardest with licensed sportsbooks are not clearly bound by it. We spoke with John Isaac, Editor a…

In the first of a five-part roundtable series, SBC Media asks some of the leading voices from across the iGaming industry about the trends, challenges, tips and tricks that are shaping the marketing landscape in 2026 and beyond. For part one, we spoke to Martin Hodges (Co-Founder and CMO, BetComply…

Moody’s Ratings has affirmed casino group Las Vegas Sands Corp’s (LVS’s) ‘Baa3’ senior unsecured rating, as well as the ‘Baa2’ senior unsecured rating of its Macau unit Sands China Ltd. The outlooks for the two companies remain ‘stable’, the ratings agency said in an update. Moody’s added in its ra…

Casino operator Melco Resorts & Entertainment Ltd is “is removing costs across the portfolio” of its properties, “to limit operating expense growth and offset” costs including ones linked to the launch of the newly-refurbished and rebranded hotel tower now known as REM, at City of Dreams in Macau.…

Genting Berhad swung to a 2Q net loss despite a 67% rise in US revenue, with contrasting results in New York and Las Vegas. The post Genting Berhad posts 2Q26 net loss despite 67% rise in US revenue first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Global casino operator Genting Malaysia Bhd reported a profit of MYR27.0 million (US$6.7 million) for the second quarter of 2026. That was an improvement on the MYR25.2-million loss it recorded for the first three months of 2026, but far from the MYR398.1 million profit of the second quarter of 202…

Genting Malaysia’s borrowings rose 23% as financing and ramp-up costs for its New York casino expansion weighed on profit. The post Genting Malaysia borrowings rise 23% as New York casino costs squeeze profit first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

BetConstruct AI will showcase its next-generation iGaming platform, flagship sportsbook, and AI innovations at Stand N 74P during SiGMA North America 2026 in Mexico City on September 2–3. The post BetConstruct AI to present sportsbook & AI innovations at SiGMA North America 2026 first appeared on A…

A new report suggests that more than 150 cryptocurrency wallets trading on Polymarket’s international prediction market platform may have bought and sold event contracts using nonpublic information about US military operations. The analysis comes from the nonprofit Anti-Corruption Data Collective (…

Crazy Horse 3, one of Las Vegas’s most recognizable strip clubs and a longtime fixture of the industrial corridor west of the Strip, has abruptly closed its doors. The venue shut down on Aug. 11 with no warning to patrons and no explanation to staff, a club representative confirmed to the Las Vegas…