Business & M&A

Long time coming At times, it felt like the longest wait between the announcement that Alberta would be launching a commercial online casino market and the actual launch. Many wondered if it would actually happen. Was it going to be possible to fulfill so many competing demands? Well, the detractor…

The gambling regulator in Victoria, Australia, said the operator’s systems were left “vulnerable.”

Barry Diller’s People Inc. has decided to pull its proposal to acquire the remaining shares of MGM Resorts International, thus putting an end to months of discussions over a potential deal that would have valued the Las Vegas-based casino company at more than $18 billion. “We Didn’t Feel the Mix Wa…

Bulgaria is in the process of drafting changes to the Gambling Act, aimed to impose stricter limitations in advertising and raise taxes for gambling businesses. Authorities are viewing the proposed amendments as an essential reshaping of legislation. Prime Minister Roumen Radev said: We want to int…

According to an investigation, led by Australian Communications and Media Authority (ACMA), Palmerbet has breached BetStop’s self-exclusion mandates, which has caused it to end up with 18 months of court-imposed penalties. Australian Communications and Media Authority (ACMA) reported that the Palme…

The Asian Development Bank cut Cambodia’s 2026 growth forecast to 3.9 percent as weaker tourism weighed on related services. The post Cambodia’s 2026 growth forecast cut to 3.9% as tourism weakens: Asian Development Bank first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Star Entertainment seeks approval to settle $8.4 million in unpaid interest with new shares, preserving cash for casino operations. The post Star Entertainment seeks approval to settle $8.4M in interest with new shares first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Tabcorp was fined $249,000 for account-security failures that exposed some customers to unauthorized access and withdrawals. The post Tabcorp fined $249K over customer-account security failures first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Sands China appoints ex-Cisco executive Hera Siu as independent non-executive director, effective September 23rd, succeeding Steven Strasser. The post Sands China appoints Hera Siu as independent non-executive director first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Former junket investor Rich Goldman to receive $3.7M Macau property via court order after 2023 default on a $4.5M loan from 2020. The post Rich Goldman unit to receive $3.7M Macau property after loan default first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

The average nightly rate for Macau’s five-star hotels in August was MOP1,477.6 (US$182.9), down 6.6 percent year-on-year. That is according to the latest information from the Macau Hotel Association, published by Macao Government Tourism Office (MGTO). Average occupancy rate for the five-star hotel…

Eight emerging filmmakers have each been awarded HKD300,000 (US$38,248) in production funding through the International Film Camp (IFC) 2026, a programme sponsored by Macau casino operator Sands China Ltd. The recipients were selected from 16 participants following five days of training and mentori…

PH Resorts targets positive equity within two years, but says its restructuring would leave the listed company temporarily without active operations. The post PH Resorts targets positive equity within two years, foresees period without operations first appeared on Asia Gaming News | AGB - Asia Gami…

Bulgaria’s prime minister has announced plans to tighten regulation of gambling in the country amid harm-related concerns. Among other things, the government is now pushing for a blanket ban on ads, tax hikes, and other restrictions. Gambling Ads Could Soon Be a Thing of the Past PM Rumen Radev jus…

MGM Resorts International, the United States-based parent of Macau casino concessionaire MGM China Holdings Ltd, says it will continue as a “standalone company” after conglomerate People Inc withdrew its proposal to acquire all public shares of MGM Resorts it didn’t already own, and take the casino…

Clark County has earmarked $10 million to help Insomniac, the promoter behind the annual Electric Daisy Carnival (EDC), renovate the former Sahara Event Center just east of the Las Vegas Strip. According to the Las Vegas Review-Journal, Clark County’s Redevelopment Agency set aside the funds toward…

People Inc. withdrew its MGM Resorts takeover bid after months of talks, while keeping a roughly 27% stake and interest in future deals. The post MGM Resorts to remain standalone as People Inc. withdraws takeover bid first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Shares of MGM Resorts International (NYSE: MGM) plunged in after-hours trading Wednesday after Barry Diller’s People Inc. (NASDAQ: PPLI) yanked the $18 billion go-private acquisition offer it floated on June 1. The news, originally reported by The Wall Street Journal, arrives as Diller and other MG…