Business & M&A

Affiliate reports sharp increase in North America EBITDA margin in Q2 thanks chiefly to prediction markets.

Florida Attorney General James Uthmeier has initiated legal action against numerous prominent sweepstakes casino providers, including Stake, Chumba Casino, LuckyLand, and Global Poker, in a bid to terminate their activities and retrieve money that consumers purportedly lost. The lawsuits were lodge…

A player who wins $100,000 and loses $100,000 this year now owes federal tax on $10,000 they never kept. The 90% cap on gambling loss deductions applies from the 2026 tax year, and the venues competing hardest with licensed sportsbooks are not clearly bound by it. We spoke with John Isaac, Editor a…

In the first of a five-part roundtable series, SBC Media asks some of the leading voices from across the iGaming industry about the trends, challenges, tips and tricks that are shaping the marketing landscape in 2026 and beyond. For part one, we spoke to Martin Hodges (Co-Founder and CMO, BetComply…

Moody’s Ratings has affirmed casino group Las Vegas Sands Corp’s (LVS’s) ‘Baa3’ senior unsecured rating, as well as the ‘Baa2’ senior unsecured rating of its Macau unit Sands China Ltd. The outlooks for the two companies remain ‘stable’, the ratings agency said in an update. Moody’s added in its ra…

Casino operator Melco Resorts & Entertainment Ltd is “is removing costs across the portfolio” of its properties, “to limit operating expense growth and offset” costs including ones linked to the launch of the newly-refurbished and rebranded hotel tower now known as REM, at City of Dreams in Macau.…

Genting Berhad swung to a 2Q net loss despite a 67% rise in US revenue, with contrasting results in New York and Las Vegas. The post Genting Berhad posts 2Q26 net loss despite 67% rise in US revenue first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Global casino operator Genting Malaysia Bhd reported a profit of MYR27.0 million (US$6.7 million) for the second quarter of 2026. That was an improvement on the MYR25.2-million loss it recorded for the first three months of 2026, but far from the MYR398.1 million profit of the second quarter of 202…

Genting Malaysia’s borrowings rose 23% as financing and ramp-up costs for its New York casino expansion weighed on profit. The post Genting Malaysia borrowings rise 23% as New York casino costs squeeze profit first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

BetConstruct AI will showcase its next-generation iGaming platform, flagship sportsbook, and AI innovations at Stand N 74P during SiGMA North America 2026 in Mexico City on September 2–3. The post BetConstruct AI to present sportsbook & AI innovations at SiGMA North America 2026 first appeared on A…

A new report suggests that more than 150 cryptocurrency wallets trading on Polymarket’s international prediction market platform may have bought and sold event contracts using nonpublic information about US military operations. The analysis comes from the nonprofit Anti-Corruption Data Collective (…

Crazy Horse 3, one of Las Vegas’s most recognizable strip clubs and a longtime fixture of the industrial corridor west of the Strip, has abruptly closed its doors. The venue shut down on Aug. 11 with no warning to patrons and no explanation to staff, a club representative confirmed to the Las Vegas…

Super Group, the parent company of Betway, has launched Betway Clubhouse, a global integrated marketing campaign featuring 27 sports and entertainment figures, with the rollout timed to coincide with the start of the English Premier League season. The campaign is intended to operate as a consistent…

Premier League clubs are reshaping their commercial agreements ahead of the 2026-27 season after a voluntary ban on gambling companies appearing on the front of shirts took effect, forcing eight teams to replace betting sponsors used last campaign. The change follows the league-wide vote in April 2…

Bally’s has revised the construction plan for its mixed-use development around the Athletics’ under-construction Las Vegas ballpark. Details of the updated three-phase project were shared on Wednesday with the Clark County Commission. The Clark County Commission approved land-use permissions coveri…

Bally’s Corp. recently warned investors that it might not be able to continue as a going concern due to its mounting debt. This news sent the company’s stock price plummeting and cast doubt on many of its ongoing projects. However, Bally’s remains optimistic that it can overcome these challenges. S…

SkyCity Entertainment Group's underlying EBITDA fell 22.3% to NZ$181.6 million ($107.7 million) in fiscal 2026, while reported EBITDA dropped 44.2% to NZ$120.5 million ($71.5 million), as weaker gaming revenue and higher costs offset growth in its non-gaming businesses. Reported net profit after ta…

Virginia casino revenue is on pace for yet another record year, and the growth isn’t expected to slow anytime soon. Quite the contrary, in fact, as construction progresses on two additional casino resorts that are poised to further expand the state’s gaming market. The Virginia Lottery, which regul…