Japan’s long-awaited integrated resort (IR) sector is stirring once again, with the Japan Casino Regulatory Commission reportedly preparing to reopen bidding for the country’s two remaining IR licences later this year. The move signals renewed momentum for Japan’s casino industry, which has been sluggish since the legalization of IRs in 2018. Although initial projections were…
Bet365 has bounced back to profitability in its latest financial year, citing strategic product enhancements and strong momentum in the US market as key growth drivers. According to the operator’s Companies House filing for the 12 months ending 31 March 2024, group revenue rose 9% year-on-year to £3.72 billion (€4.48bn / $4.65bn), up from £3.41…
The Australian government has announced a formal review into the growing presence of online keno and foreign-matched lotteries, signaling a potential crackdown on these forms of gambling due to concerns over community impact and consumer harm. According to the government, the review aims to better understand how these products are affecting Australians, particularly vulnerable individuals…
Thailand took a major step toward legalizing casino gambling this week, as the country’s cabinet officially approved the Entertainment Complex Bill on 27 March. If enacted, the legislation would pave the way for integrated casino resorts across several tourist hotspots. Public Backing Amid Years of Debate Legalizing casinos has long been a divisive issue in…
One of Australia’s most significant casino transactions in recent years is on the verge of collapse, as Star Entertainment confirmed on Monday that its plan to exit the multibillion-dollar Queen’s Wharf development in Brisbane is set to terminate as early as 7 July. Back in March, Star revealed its intention to sell its 50% stake…
Almost a year after closing two of its three casinos, Resorts World Genting (RWG) in Malaysia has launched a new mass gaming floor. However, this move is unlikely to significantly impact the company’s earnings. Maybank analyst Samuel Yin Shao Yang visited RWG’s Genting Casino on December 30 and concluded that the new gaming floor, featuring…
Betr Entertainment is back in the race to acquire PointsBet, unveiling a revised all-scrip proposal it claims offers compelling value to shareholders. The new bid proposes an exchange of 3.81 Betr shares for every PointsBet share, valuing each PointsBet share at AU$1.22, based on a $0.32 per Betr share price. A New Twist in the…
Macau lawmakers say it’s long overdue to revise the city’s outdated casino advertising legislation. On Friday, the government introduced proposed changes to a law first enacted in 1989—well before the rise of digital marketing and more than a decade before the first casino concessions were issued in 2002. Under the amended law, any form of…
Star Entertainment has officially announced a significant restructuring move in a bid to avoid insolvency, confirming today (7 March) that it will sell its 50% stake in Brisbane’s Queen’s Wharf project and consolidate ownership of key assets on the Gold Coast. Star Unloads Queen’s Wharf Stake for AU$53 Million In an ASX filing, Star revealed…
Crown Resorts has officially named David Tsai as its permanent chief executive, following his initial appointment as interim CEO on September 1, after Ciarán Carruthers resigned. Carruthers announced his departure in late August and will fully leave the company by December 31. Tsai’s permanent appointment is subject to necessary regulatory approvals. David Tsai joined Crown…