Business & M&A

Brokerage Texas Capital Securities has downgraded casino operator Melco Resorts & Entertainment Ltd to a “hold” rating from “buy”, citing weaker visibility on the outlook for Macau gross gaming revenue (GGR). The institution also mentioned heightened competition for premium-mass players, and concer…

Cambodia’s casino regulator is eyeing enhanced efficiency in collecting and managing gambling-duty revenues, according to a Monday update. The topic was discussed in a meeting that day organised by the General Secretariat of the Commercial Gambling Management Commission of Cambodia (CGMC), and invo…

BMM Testlabs, a specialist in product compliance testing for the gaming sector, announced on Monday that it has been approved to provide online gaming testing and certification services in New Zealand under the country’s new online casino regulatory framework. Kirk White, president of land-based ga…

Scientific Games has announced that its U.S. instant scratch game production facility has achieved Level 2 certification under the World Lottery Association Security Control Standard 2024 (WLA-SCS:2024), the highest certification level available to lottery suppliers. The post Scientific Games’ U.S.…

Seaport Research Partners expects earnings before interest, taxation, depreciation and amortisation (EBITDA) for the city’s casino industry to have fallen by 10.6 percent year-on-year in the third quarter. Senior analyst Vitaly Umansky said in a memo issued on Monday that the industry-wide EBITDA m…

The Philippine Amusement and Gaming Corporation (Pagcor), the country’s gaming regulator, plans to launch a mobile application in December to help consumers identify licensed online gaming platforms and avoid illegal gambling sites. “This platform will give players a reliable way to verify which on…

South Korean police have dismantled one of the largest illegal online gambling networks ever uncovered, an operation that allegedly handled $17.2 billion in wagers across 188 casino websites. The Chungnam Provincial Police Agency said Monday (Oct.19) it apprehended 77 people, including website supp…

Mötley Crüe will become only the second heavy metal act to play Caesars Palace in the casino’s 60-year history next spring, when it returns to Las Vegas with its new “Carnival of Sins” residency. The eight dates will be March 19, 20, 24, 26, 27, and 31; and April 2 and 3. Metal may seem […] The pos…

As midterm election campaigning heats up, Nevada remains a vital jurisdiction for both parties. Kamala Harris, who has a busy pre-election schedule that will take her to several key states, has scheduled a stop in Las Vegas on 21 October. There, she will meet representatives of the Culinary Union t…

The government of Comoros has sought British law enforcement assistance over a controversial offshore gambling licensing network linked to UK nationals and operating under the name of its island of Anjouan. The archipelagic nation, located off Africa’s east coast between Mozambique and Madagascar,…

FanDuel co-founder Nigel Eccles and his more than 100 co-plaintiffs in a lawsuit against the private equity shops that sold the gaming company in 2018 scored a small legal win last week when a New York special master ordered that select communications between FanDuel executives, members of the boar…

Overall trips by Canadians to the United States are growing slowly in 2026, but still lag behind historical levels, according to new data released by Statistics Canada. Canadian-resident return trips by automobile and air in September were 6.8% higher than the previous year, at 1.9 million. That ma…

In the advertising industry, it’s often said that “sex sells” and that old saying is proving accurate as it relates to Novig’s commercials starring Sydney Sweeney. The first spot starring the sultry actress debuted in September. Since then, downloads of Novig’s mobile application surged nearly 261%…

Metropolitan Park, the upcoming $8.1 billion casino and entertainment complex led by Hard Rock International and Steve Cohen, has announced a $10 million investment in the new Jackson Heights community center of the Variety Boys & Girls Club of Queens. The investment is part of Metropolitan Park's…

More than a century after the RMS Titanic sank on her maiden voyage, Mohegan Sun is bringing the ill-fated ocean liner back to life next month through an immersive experience. After wowing audiences in London, Paris, Munich, and Madrid, The Legend of the Titanic is cruising across the Atlantic to C…

SiGMA Group has shared its long-term development plans with Carmelo Abela, Speaker of Malta’s House of Representatives, presenting him with a copy of its SiGMA Vision 2030 book. The meeting focused on the group’s future direction, planned international summits, and growth across the gaming, technol…

John Jeffrey Farrar, 63, of Lisbon, Connecticut, has been accused of stealing nearly $300,000 from the concrete company where he worked, allegedly using tens of thousands of that sum for travel and gambling. How Did the Scheme Work? The company, which operates ready-mix concrete batch plants in Wil…

Penn State football is enduring a difficult year under first-year head coach Matt Campbell. The college town’s local casino is also underwhelming in year one. Happy Valley Casino opened in April at the Nittany Mall, located just three miles east of Penn State University’s main campus in State Colle…