Investment banking firm Jefferies has revised its forecast for Macau’s gross gaming revenue (GGR) for the year 2025, setting the new expectation at MOP$240 billion (approximately US$30 billion). This adjustment reflects a 2% reduction from earlier predictions and aligns closely with the Macau government’s forecasts after a slower start to the year than anticipated. Analyzing market dynamics and visa policy impacts: This latest estimate predicts a 5.8% year-on-year growth in...
In a recent move to consolidate its position in the global casino market, Bally’s Corporation has extended a $250 million recapitalization offer to Australia’s Star Entertainment. This bid, aimed at acquiring a minimum 50.1% stake in Star, underlines Bally’s intent to play a significant role in the restructuring and stabilization of Star’s operations across Brisbane, Gold Coast, and Sydney. Soo...
In an unprecedented move in the U.S. casino industry, Bitline, in partnership with Choctaw Casinos & Resorts and fintech giant Everi, has introduced a groundbreaking cryptocurrency-based liquidity system. This collaboration marks a pivotal shift, integrating digital assets into the casino financial ecosystem for the first time in a regulated American market. Revolutionizing casino transactions: Through the integration with Everi’s CashClub, a leading financial suite for casino transactions, Bitline’s...
The Australian Communications and Media Authority (ACMA) has determined that Foxtel Cable Television Pty Limited breached gambling advertisement regulations during its coverage of an Australian Football League (AFL) match between Port Adelaide and Essendon in April 2024. According to the authority’s findings, a virtual banner promoting a gambling operator was displayed without an adequate responsible gambling message, violating the requirements...
Romania is moving forward with a legislative proposal aimed at curbing problem gambling by restricting individuals from wagering more than 10% of their previous month’s earnings. If enacted, this new measure will impact both online and physical gambling establishments, including casinos, sports betting, and slot machines. The draft bill, currently under review by Romanian lawmakers, would make financial institutions responsible...
Gun Lake Casino Resort is gearing up to celebrate the grand opening of its new hotel in Wayland, Michigan, this Friday with a series of events that promise to dazzle and entertain. The centerpiece of the celebration is the unveiling of a 16-story luxury hotel tower, which has been eagerly anticipated since the commencement of its construction in 2022. Spanning...
In a critical move to avert immediate financial collapse, Star Entertainment Group has divested its 50% interest in the nascent Brisbane casino, securing a crucial $53 million. This financial injection comes as the company sells its stake to joint venture partners Chow Tai Fook Enterprises and Far East Consortium International. A desperate divestment: The transaction, confirmed by Far East Consortium in a recent Hong Kong Stock Exchange filing, sees...
Las Vegas Sands marks a pivotal transition as Robert G. Goldstein, the current chairman and CEO, prepares to shift into a senior advisor role starting March 1, 2026. Goldstein, a key figure in the company’s evolution, will continue his involvement through March 2028, focusing on government relations, new development opportunities, and strategic gaming initiatives. New chapter for Las Vegas Sands: Under Goldstein’s leadership, Las Vegas...
The Strength of Hercules slot game by Hacksaw Gaming is richly themed around the legendary tales of Hercules, the demigod known for his superhuman strength and daring exploits. The game ingeniously weaves elements of Greek mythology into its gameplay, making each spin a narrative in itself, drawing heavily on Hercules’ renowned Twelve Labors. Core narrative and setting: Set against a backdrop of ancient Greek architecture...
The Michigan Gaming Control Board (MGCB) has intensified its efforts against unregulated online gambling by issuing cease-and-desist letters to five offshore online casinos. These platforms, which include BetWhale Casino, Black Lotus Casino, Coins Game Casino, Love2play Casino, and Orion Stars 777 Players, are accused of operating without licenses and violating Michigan state laws. Michigan’s stance against illegal online gambling: Henry Williams, the MGCB Executive Director, expressed concern over the...