News
LET Group and Summit Ascent to Exit Hong Kong Exchange September 1
Casino-linked investment company LET Group Holdings Ltd and its subsidiary Summit Ascent Holdings Ltd will be removed from the Hong Kong Stock Exchange at the start of September, concluding a lengthy period of uncertainty and regulatory intervention. Both companies confirmed they would not appeal the decision of the exchange’s Listing Committee, which determined they had not met the conditions necessary to […]
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Philippine Senators Urge Tighter Controls on Online Gambling Platforms
Philippine lawmakers are intensifying calls for stronger action against online gambling, warning that operators continue to find new ways to reach Filipino users despite recent regulatory crackdowns. Several senators raised concerns that gambling platforms are embedding themselves in popular digital applications and exploiting payment services to remain accessible to the public. Senators Warn of Exploitation Through […]
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Rank Group Posts Strong FY25 Growth, Eyes Boost from UK Gambling Reforms
The Rank Group delivered a year of substantial revenue and profit growth for the 12 months ending 30 June 2025, with all parts of its business performing ahead of expectations. Looking forward, the operator expects new UK gambling reforms to further strengthen its position in the coming year. Rank’s total reported net gaming revenue (NGR) […]
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Edinburgh Denies Appeal for Proposed Morrison Street Slots Parlour
Plans for a new slots venue in Edinburgh’s West End have been halted after the City of Edinburgh Council’s Planning Local Review Body upheld the refusal of planning permission. The proposal, submitted by Merkur Casino, sought to turn the former Carpet Rite showroom at 181 Morrison Street into a 24-hour slots parlour. The retail unit has been vacant for over a […]
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F1 Las Vegas Grand Prix Settles Business Disputes, Gains 2027 Extension
The Formula One Las Vegas Grand Prix has resolved disputes with several local businesses that claimed significant financial losses from the event and its related construction work. Race officials confirmed Tuesday, August 12, that agreements were reached with Battista’s Hole in the Wall restaurant, Stage Door Casino—both owned by Randy Markin—and Jay’s Market, a nearby convenience store. Settlement Ends […]
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First Hearing on MGM Empire City Casino Expansion Draws Divided Views
Yonkers residents and local leaders gathered Monday, August 11, at the Grinton I. Will Public Library for the first of two mandated public hearings on MGM Empire City’s application for a commercial casino license. Hosted by the Community Advisory Committee (CAC), the meeting gave attendees three minutes each to present their opinions, with no direct questions to […]
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Mohegan Reports Strong Digital Gains Despite Lower Q3 Revenues
Mohegan has released its third quarter fiscal 2025 results for the period ending June 30, reporting total net revenues of $436.9 million, down 1.6% from the $444.1 million posted a year earlier. Income from operations fell 20% to $73.3 million, while adjusted EBITDA slipped 16.3% to $94.1 million. The company also posted a net loss attributable to Mohegan of $5.2 million, though […]
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New York Sportsbooks Maintain Strong July With Third Month Above 11% Hold
New York’s regulated sports betting market delivered $155.9 million in gross revenue for July 2025, with both mobile and commercial operators combining for an 11.08% hold. According to Friday’s report from the New York State Gaming Commission, the figure represented a 10.7% increase over July 2024 and marked the state’s first three-month streak of double-digit win rates in […]
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Flutter Surpasses Q2 Earnings Targets, Lifts 2025 Outlook
Flutter Entertainment, the global leader in online sports betting and iGaming, posted second-quarter 2025 results that comfortably outpaced analyst projections, propelled by strong performances in both the U.S. and overseas markets. The group reported adjusted earnings of $2.95 per share, handily topping the $2.08 estimate from LSEG’s analyst survey. Quarterly revenue reached $4.19 billion, exceeding […]
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Gulfstream Park Sues Florida Over 2021 Decoupling Law
Gulfstream Park Racing Association has taken its dispute over Florida’s 2021 Decoupling Act to the state’s highest court, asserting that the law unconstitutionally benefits competing slot machine operators while imposing unique restrictions on its own operations. The Hallandale Beach racetrack, owned by 1/ST Racing and Gaming, filed suit against the Florida Gaming Control Commission, arguing […]
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