MGM Resorts International achieved its highest-ever consolidated net revenues for the second quarter of 2025, driven by strong international performances and an expansion in various key sectors. The company’s consolidated net revenues reached an impressive $4.4 billion, marking a 2% increase compared to the previous year. The exceptional growth in net revenues came primarily from MGM China and Regional Operations, signaling a period of strong performance for...
Australian wagering firm Betr Entertainment has intensified its efforts to acquire PointsBet, announcing an upgraded all-scrip offer that places a higher per-share value than the rival bid from MIXI Australia. Betr now proposes 4.219 of its shares for each fully paid ordinary share in PointsBet that it does not already own. The revised terms value PointsBet at approximately AU$1.35 ($0.84)...
The Philippine gaming industry saw a major shift in the first half of 2025 as the online gaming segment surged to unprecedented heights, surpassing traditional casino earnings for the first time. According to the Philippine Amusement and Gaming Corporation (PAGCOR), revenues from the electronic gaming (eGames) sector—encompassing e-bingo and bingo operators—reached ₱114.83 billion between January and June, accounting for approximately...
Georgia legislators have once again opened the floor to discussions surrounding legalized gambling, reviving a long-running debate that has persisted for decades. On Monday, the newly established House Study Committee on Gaming in the State of Georgia held its first official meeting at the Oconee County Administrative Building in Watkinsville, aiming to assess the merits and drawbacks of expanding gambling...
Donaco International Limited released its financial results for the quarter ending June 30, 2025, revealing a challenging period marked by a significant decline in revenue. The group’s overall net revenue dropped 15.6%, falling from A$10.03 million in the previous quarter to A$8.47 million. EBITDA also decreased by 10.2%, down to A$3.68 million from A$4.10 million in the March quarter. The most significant factor contributing to...
Genting Casino Stratford, the UK’s largest casino, is marking its grand reopening with a vibrant four-day celebration. Located in the bustling Westfield Stratford City, this revamped casino is hosting an exciting series of events from Thursday, July 31 to Sunday, August 3, 2025. The festivities will include live performances, DJ sets, and special promotions designed to enhance the guest experience. A Historic Venue with...
Star Entertainment Group, one of Australia’s leading casino operators, is facing a critical juncture as it battles significant financial pressures. The company’s deal to offload its stake in the Queen’s Wharf precinct in Brisbane to its Hong Kong-based partners is on the brink of collapse, with the deadline for finalizing the sale just days away. The deal, originally struck in March with Chow Tai...
Betfair Pty Limited, an Australian online betting exchange, has been ordered to pay a penalty of AU$871,660 after being found guilty of breaching Australia’s Spam Act. An investigation by the Australian Communications and Media Authority (ACMA) uncovered that Betfair had sent 148 emails and text messages to its VIP customers between March and December 2024. These communications were sent to customers who either had not...
Cleveland Guardians closer Emmanuel Clase has been placed on non-disciplinary paid leave through August 31 as part of an ongoing investigation by Major League Baseball into potential sports betting violations. The decision, announced Monday, marks Clase as the second pitcher on the Guardians’ roster currently sidelined due to the same probe. MLB’s announcement came just days before the trade deadline,...
BetMGM has reported stronger-than-anticipated financial results for the second quarter and first half of 2025, prompting the company to revise its full-year guidance upward. The joint venture between MGM Resorts and Entain revealed substantial year-over-year growth in both revenue and profitability, with a standout performance in its iGaming and online sports betting divisions. H1 Revenue Surpasses $1.35B as BetMGM Lifts Full-Year Outlook For Q2 2025, BetMGM...