Texas Capital Securities has downgraded Melco Resorts & Entertainment from Buy to Hold, reducing its price target from $8 to $5.50 as uncertainty over Macau’s gaming market clouds the casino operator’s earnings outlook. The assessment, issued by analyst David Bain on Friday and cited by Investing.com, reflects a widening gap between his third- and fourth-quarter 2026 earnings before interest, taxes,...
Evoplay released The Castle of Slotenstein on October 15, introducing a Frankenstein-inspired online slot built around a three-booster Hold & Win bonus and a Grand Reel of Fortune finale. The game takes place in a fictional mad scientist’s castle, where players encounter a towering monster and three coloured pumpkin Bonus symbols that determine which boosters become available during the bonus...
Britain’s largest gambling operators have urged Chancellor John Healey to reject further gambling tax increases in the upcoming Budget, warning that higher duties could trigger additional betting shop closures, casino shutdowns and thousands of job losses across the country. The Betting and Gaming Council (BGC) coordinated the appeal in a letter signed by senior executives from Entain, Flutter UK &...
Universal Entertainment Colombo has withdrawn from a proposed integrated resort development at Sri Lanka’s Colombo Port City after conducting due diligence on a 10-hectare site, according to officials from the Colombo Port City Economic Commission (CPCEC). The departure was disclosed by CPCEC Director General Revan Wickramasuriya to parliament’s Committee on Public Finance. “That was another applicant that considered the integrated...
Indian tax authorities have reduced Goods and Services Tax (GST) demands against Dream11 operator Sporta Technologies, Gameskraft Technologies and Play Games24x7 by approximately ₹52,915 crore following a Supreme Court ruling on the taxation of online money gaming. The combined principal demands declined from approximately ₹70,212.87 crore to ₹17,297.62 crore, representing a reduction of 75.4%. The revised assessments follow the Supreme...
Cedar Crossing Casino & Entertainment Center will welcome its first visitors on November 19, 2026, bringing a $275 million gaming and entertainment development to Cedar Rapids, Iowa. The property will hold its official grand opening on December 5, approximately six weeks ahead of its original New Year’s Eve target. General Manager and Executive Vice President Kim Pang confirmed the opening...
France’s gambling market recorded gross gaming revenue (GGR) of €5.66 billion in the first half of 2026, representing an increase of just 0.5% compared with the same period last year. The result marks a slowdown from the 4.1% growth recorded in H1 2025, as weaker performance from exclusive-rights operators offset gains in online gambling. According to figures released by gambling...
SkyCity Entertainment Group has signed a binding agreement to sell The Grand Hotel in Auckland and its associated business assets for NZ$221 million (US$124 million), continuing its efforts to reduce debt through property disposals. The buyers, Eden Global Capital Private Limited (EGC) and Auckland City Collective Limited (ACCL), belong to a privately owned property investment and development organisation with interests...
Oklahoma is weeks away from becoming the latest US state to tighten the law around dual-currency sweepstakes casinos, with its new restrictions scheduled to take effect on November 1, 2026. The approaching deadline is the latest step in a crackdown that has accelerated quickly since Montana enacted the first state law specifically aimed at the model in 2025. The sequence...
The Venetian has introduced slide dealing across its 50-table poker room in Las Vegas, changing how dealers distribute cards in an effort to reduce the risk of players gaining unauthorized information through concealed cameras. The casino has become the first poker room on the Las Vegas Strip to adopt the technique, which keeps cards against the felt rather than allowing...