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Brazil Reports First Year of Regulated Fixed-Odds Betting
Brazil’s SPA-MF 2025 report reveals a structured fixed-odds betting market with 25.2 million players, R$37 billion in revenue, strong enforcement against illegal sites, and the launch of a Centralized Self-Exclusion Platform for consumer protection.
Melco Weighs City of Dreams Manila Sale to Cut Leverage
Melco Resorts is assessing a potential sale of its City of Dreams Manila stake, with analysts estimating proceeds near $600 million that could significantly reduce leverage and sharpen the group’s strategic focus across Macau and select international markets.
Macau Legend Raises HKD93m in Undersubscribed Rights Issue
Macau Legend Development completed a HKD93 million rights issue with limited shareholder participation, relying on underwriters to fill the gap as the group manages regulatory-driven casino closures and overseas asset impairments.
Bloomberry Eyes VIP GGR Boost After China Visa-Free Rule
Bloomberry Resorts’ Solaire Resort could benefit from a rise in VIP gaming in 2026 due to new Chinese visa-free entry. Analysts project a gradual recovery as online gaming expansions and operating costs weigh on performance.
GKL Sees 42% Profit Surge as Foreign Visitors Lift Casinos
Grand Korea Leisure achieved a 42.4% net profit increase in 2025, supported by higher revenue from foreign visitors. GKL’s foreigner-only casinos in Seoul and Busan saw strong table and slot performance driving overall growth.
Kangwon Land Profit Falls Despite Higher Casino Sales
Kangwon Land posted a sharp profit decline in 2025 despite higher revenue, citing weaker non-operating income. The results highlight financial pressures facing South Korea’s only casino open to local players.
Brazil Senate Bill Links Teacher Tax Relief-BettingNow
Brazil’s Senate is reviewing a proposal to exempt teachers earning up to R$10,000 from income tax, with the measure funded through revenue generated by the country’s regulated fixed-odds betting market.
Brazil Sees 217,000 Betting Self-Exclusions in 40 Days
More than 217,000 Brazilians opted into self-exclusion within 40 days of the federal platform’s launch, highlighting strong demand for consumer protection as regulators expand oversight of Brazil’s fast-growing betting market.
PAGCOR Rules to Trigger Philippine Online Gaming Mergers
PAGCOR’s December 2025 rules require operators to meet strict revenue and guarantee thresholds, driving mergers and partnerships in the Philippine online gaming market and paving the way for a more regulated, consolidated industry.
Rio Grande do Sul Launches Lottery Concession Consultation
Rio Grande do Sul announces a public hearing and consultation for its lottery concession. The process seeks transparency, public input, and alignment with Brazil’s gaming regulations, with private operators invited to participate.
Macau GGR Forecasted to Rise 5.3% in 2026
Jefferies forecasts Macau GGR growth of 5.3% in 2026, driven by record visitor arrivals. Sands, Galaxy, and MGM lead revenue gains, while Wynn and SJM expand properties and gaming offerings to capture market share.
JP Morgan Cuts Macau 2026 EBITDA Estimates
JP Morgan has reduced its 2026 EBITDA projections for Macau operators following VIP baccarat growth and rising operating costs in 4Q25. Analysts note margin pressures despite GGR expansion, prompting cautious forecasts for major operators including SJM and Melco.