Casino Landmark will halt operations at 23:59 on 30 December, concluding Macau’s long-running satellite casino framework. The shutdown follows the final year of the city’s transition period that requires all satellite venues to close or be absorbed by concessionaires under the revised gaming law. Final Closure Marks End of Satellite Operations Casino Landmark operates under the licence of SJM Resorts, which...
Evoke has begun a formal examination of its future direction, telling investors it will assess several possible routes for the business after recent UK tax decisions reshaped its financial outlook. The announcement comes amid a steep decline in the company’s value and follows its withdrawal of medium-term targets in the wake of higher gaming and betting duties. Review Initiated As Pressures Intensify...
A long-running legal fight in the United Kingdom between property investor Lee Gibson and Betfair reached its conclusion after the Court of Appeal ruled that the operator bore no responsibility for Gibson’s gambling losses. The decision, delivered by Chancellor of the High Court Sir Colin Birss alongside Lord Justice Popplewell and Sir Julian Flaux, upheld an earlier High Court judgment...
Suffolk County Superior Court this week became the setting for a closely watched dispute over how sports-linked prediction markets should be regulated. Massachusetts officials asked the court to stop Kalshi from offering sports event contracts to state residents, arguing that the company’s activity resembles unlicensed sports wagering rather than financial trading. Judge Christopher Barry-Smith questioned both sides at length as he...
Fairfax County, Virginia, leaders again found themselves divided over the question of whether state lawmakers should authorize a casino within county boundaries. A narrow majority voted to register formal opposition before the next General Assembly session, emphasizing concerns about local authority, financial arrangements, and the way earlier proposals emerged in Richmond. The latest debate occurred as supervisors approved Chair Jeff McKay’s...
A Stoke-on-Trent man who operated an extensive WhatsApp-based gambling service has received a suspended custodial sentence and a series of financial penalties after investigators uncovered a wide-ranging illegal betting operation. The case was handled at Birmingham Magistrates’ Court, where details emerged about customer losses, unauthorised gambling activity, and how the service was promoted and administered. The man, identified as 40-year-old Haydon Simcock...
Fennica Gaming has introduced its online casino titles to players in Québec through Loto-Québec’s digital platform, the sole regulated online gaming channel operating in the province. The rollout represents the company’s first presence in Canada and adds a new stage to its broader international expansion. Teams from Veikkaus Group marked the event with coordinated celebrations in Helsinki and Montreal, while...
Vietnam’s Ministry of Finance has released an impact assessment for a proposed decree that would replace the country’s 2017 regulations on casino activity. The updated framework would revise how Vietnamese citizens may enter casinos and simplify procedures that both players and operators have described as overly burdensome. Under the draft decree, the government would keep its existing eligibility criteria for...
Bally’s Corporation has arranged $1.1 billion in new loan commitments, setting the stage for debt refinancing and providing support for major development projects, including its pursuit of a full commercial casino license in New York. The package, backed by Ares Management Credit funds, King Street Capital Management, and TPG Credit, replaces a prior commitment agreement from last year. The company...
Moody’s Ratings has issued a series of downgrades across Genting Berhad and two major subsidiaries after months of review, pointing to heavier debt loads and a slower rebound in earnings. The rating agency’s latest assessment affects Genting Berhad, Genting Singapore, and Genting Overseas Holdings, with each now carrying a “stable” outlook following the revision. Moody’s lowered Genting Berhad’s rating to...