Business & M&A

Hong Kong-listed casino equipment maker Paradise Entertainment Ltd reported a loss of HKD82.6 million (US$10.5 million) for the first half of 2026, compared with a profit of HKD177.8 million in the prior-year period. The company’s loss attributable to shareholders was HKD71.8 million, versus a HKD1…

Philippine entrepreneur Lance Gokongwei (pictured) has been appointed chairman of PhilWeb Corp, a provider of business-to-business (B2B) services for the Philippine online gaming sector, following the resignation of Crisanto Alcid as chairman and chief executive. Mr Alcid, who resigned from the two…

Gaming equipment supplier and distributor RGB International Bhd reported a 26.3-percent year-on-year decline in second-quarter profit attributable to shareholders, despite an increase in revenue for the period. Such profit for the three months to June 30 was MYR10.3 million (US$2.6 million), compar…

Two executives from foreigner-only casino businesses in South Korea have respectively referred to government plans to increase the sector’s financial commitments to public funds as “arbitrary” and risking a “crushing burden”. The comments were made at a round-table discussion on Wednesday organised…

Macau casino operator Wynn Macau Ltd announced on Thursday an interim dividend of HKD0.223 (US$0.028) per share. The firm said it expects to pay the dividend on September 24, according to a filing to the Hong Kong Stock Exchange. That was up from HKD0.185 per share in respect of the six months to J…

More sales do not always mean better returns. RGB International’s second-quarter revenue climbed 15 percent, but a less favorable product mix pushed shareholder profit down 26 percent to $2.57 million, with gross profit and EBITDA also declining. In Papua New Guinea, Pacific Pearl casino is targeti…

Melco is evaluating online gaming operations at City of Dreams Manila but has yet to make a final decision. The post Melco evaluates online gaming operations at City of Dreams Manila: Seaport first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Zitro Digital, the online gaming division of global gaming supplier Zitro, has announced that King Fu Frog – Animals has secured the #1 position in the New Top Game rankings of the July Online Game Performance Report published by Eilers & Krejcik Gaming (EKG). The post Zitro Digital’s King Fu Frog…

A growing wave of filings for exchange traded funds (ETFs) linked to prediction markets is creating a new batch of regulatory questions, but answers aren’t yet clear. In a new article for Cornerstone Research, an economic and financial consulting firm, coauthors Laurent Samuel, Gary Schmirer, Ross…

The Menominee Indian Tribe of Wisconsin has announced revisions to the site plan for its proposed casino project in Kenosha, Wisconsin, which is currently undergoing federal review. Menominee Tribe Submits a Modified Proposal for Its Venue If the changes happen, they will eliminate parking areas pr…

Novig is waving good-bye to American odds on its sports prediction market, scrapping the -110 lines bettors in this country are accustomed to seeing in favor of percentages. Co-founder and CEO Jacob Fortinsky announced the move in a social media post earlier today, noting the company introduced an…

Earlier this month, the Commodity Futures Trading Commission (CFTC) invoked its emergency authority to order prediction market operator Kalshi to continue operating despite a New York lawsuit seeking to shut down its event contracts. However, this has resulted in Joe Webster, a partner at Hobbs Str…

Officials with Bally’s Chicago say mechanics’ liens filed against the $1.7 billion casino resort are without merit, claiming the development has paid its invoices on time and that the issue lies with the project’s general contractor. The Chicago Tribune reports that MGM Excavating filed the liens l…

DraftKings could direct as much as $30 million in marketing money to a company run by former president and co-founder Matthew Kalish. A filing with the Securities and Exchange Commission (SEC) by the gaming company details arrangements with Kalish’s company — FaZe Media, which does business as Hard…

Sweepstakes has announced the official launch of its revamped independent casino comparison review platform. The portal offers operator reviews, regulatory insights, and market analysis for the sweepstakes and social casino industry. The company says the launch addresses a significant shift in cons…

Atlantic City could lose more than 8,100 casino jobs and nearly $1.3 billion in annual revenue by 2035 if three planned New York City casinos and two potential North Jersey casinos open alongside continued growth in online gambling and persistent inflation, according to a Greater Atlantic City Casi…

RGB’s 2Q26 profit fell 26% as product mix weighed on earnings, despite a 15% increase in group revenue. The post Product mix weighs on RGB earnings, with 2Q26 profit down 26% first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

A pane of exterior glass fell from high on the exterior of the Fontainebleau’s tower onto Las Vegas Boulevard on Wednesday (Aug. 26). The property confirmed the incident in a statement to the media. “The safety of our guests and team members is our top priority,” the statement read. “We can confirm…