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Brazil President Lula Flags Online Betting Growth Risks
Brazilian President Lula highlighted the rapid growth of online betting, backing Central Bank monitoring while raising concerns over social and institutional impacts. The move underscores continued regulatory attention on the country’s expanding digital gambling market.
Macau 4Q25 Casino Revenue Boosted by VIP Baccarat
Macau’s Q4 2025 casino revenue reached MOP66.06 billion, led by VIP baccarat growth at 30.7% of GGR, while mass market gaming remained steady and sports lottery showed mixed results, per DICJ figures.
Delta Corp Profit Slumps as India Gaming Rules Tighten
Delta Corp posted a steep drop in Q4 2025 profits as tighter online gaming regulations, higher GST and unresolved tax disputes continued to pressure its casino, hospitality and legacy online investments in India.
Philippine Senator Proposes BSP Bank Secrecy Reform Bill
Senate Bill 1047 aims to give the BSP authority to investigate bank accounts suspected of money laundering, fraud, or illicit gambling, complementing e-wallet disconnections and PSP restrictions to strengthen financial enforcement in the Philippines.
LVS Asia Operations Strong as Macau Costs Rise in 4Q25
Las Vegas Sands leverages Marina Bay Sands’ dominance in Singapore while Sands China recovers market share in Macau. Galaxy, Melco, MGM and SJM face varied challenges, highlighting the impact of diversification and property positioning in Asia’s gaming markets.
SJM Holdings Cuts 2026 Debt With $170m Tender Offer
SJM Holdings has completed a $170m cash tender offer for its 2026 senior notes, cutting near-term refinancing risk. The move comes as Fitch maintains a Negative outlook, citing market share pressure and underperformance at Grand Lisboa Palace.
South Korea Warns Public Bodies as Kangwon Land Expands
South Korea has warned public institutions to prove their value or risk closure, increasing pressure on Kangwon Land as it advances casino expansion plans, benefits from regulatory easing, and strengthens governance under heightened accountability expectations.
Macau Casinos Post Revenue Gains, Margins Limited in Q4
Macau casinos posted higher Q4 2025 revenues, yet margin expansion was constrained by costs from major events and regulatory changes. Citigroup projects 2026 EBITDA growth as event headwinds ease, highlighting Galaxy, Wynn, and Sands as top picks.
Inspire Resort Posts KRW267bn GGR as Losses Narrow
Inspire Entertainment Resort recorded KRW267.23bn in gaming revenue for FY2025, supported by rising hotel and non-gaming income, as the Incheon integrated resort sharply reduced operating losses amid leadership changes.
Delta Corp Closes Zuri White Sands Goa Casino
Delta Corp has closed its Zuri White Sands Goa casino, citing sustained losses and minimal revenue contribution, as higher GST rates continue to reshape the economics of India’s regulated casino sector.
Medellín Lottery Tops Colombia in 2025 Sales
In 2025, Medellín Lottery remained Colombia’s top lottery, generating COP 177 billion in draws and COP 596 billion in Chance games. Proceeds supported health, education, and social programs, highlighting the lottery’s dual economic and social role.
SJM Holdings Raises $540M via Senior Notes Amid Macau Shift
SJM Holdings raised $540M through senior notes to extend debt maturities, fund the L’Arc acquisition, and bolster financial flexibility. The move positions the operator to navigate Macau’s regulatory changes and evolving casino landscape.