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Brazil Senators Split Over Push to Double Betting Taxes
Brazil’s betting tax debate escalates as Senator Angelo Coronel rejects a proposal to double GGR tax, warning it would strengthen illegal operators. Lawmakers remain divided as negotiations continue over how to balance fiscal revenue and market stability.
Brazil Backs Tax Hike for Betting, Banks, and Fintechs
Brazil’s government backs Senator Renan Calheiros’ bill to raise taxes on betting firms, banks, and fintechs. The measure aims to strengthen revenues while maintaining balanced fiscal relief, with dividend deadlines and fintech rates also under discussion.
Genting Singapore Q3 Profit Rises on VIP, Tourism Growth
Genting Singapore reported a 16% rise in Q3 revenue to S$649.8 million, driven by VIP gaming growth and strong tourism at Resorts World Sentosa. Ongoing RWS 2.0 expansion and festive campaigns set up a solid year-end outlook.
Melco Resorts Sees 11% Q3 Revenue Rise as Macau Leads
Melco Resorts & Entertainment posted an 11% rise in Q3 2025 revenue to US$1.31B, led by strong Macau and Cyprus growth. Despite a typhoon disruption, net income jumped fivefold amid stable margins and operational resilience.
Thailand Launches Task Force to Tackle Illegal Money Flows
Thailand has launched a new task force to track illicit money flows tied to gambling, scams, and laundering. The “Connect the Dots” project links data across agencies to strengthen financial intelligence and transparency.
Galaxy Entertainment Reports 21% Revenue Growth in Q3
Galaxy Entertainment Group posted Q3 GGR of HK$12.2bn, up 21% year-on-year, driven by strong mass-market and VIP segments. Despite Typhoon Ragasa, Galaxy Macau remained the key profit driver across the group.
Northern Ireland Opposes UK Unified Gambling Tax Plan
Northern Ireland lawmakers have urged the UK government to drop plans for a unified gambling tax, arguing that online gaming should be taxed at higher rates to address addiction risks and rising social costs.
La Pampa Gaming Revenues Fall 8.2% in Q2 2025
La Pampa’s gaming sector reported an 8.2% revenue drop in Q2 2025 due to Argentina’s economic slowdown, but first-half results show the market remains strong, doubling 2024 levels and sustaining provincial fiscal growth.
Novomatic Extends Ainsworth Takeover Amid Investor Pushback
Novomatic has extended its offer to acquire remaining shares of Ainsworth Game Technology to December 3. Minority investors push back, CEO resignation adds uncertainty, and competing bids highlight tensions in the Australian gaming market.
Paradise Co Q3 2025 Revenue Soars, Luxury Seoul Hotel Planned
Paradise Co saw October casino sales rise 18.5% YoY, led by table games. With luxury hotel development and resort acquisitions underway, the operator is strengthening its integrated resort footprint across South Korea.
Kangwon Land Q3 Profit Jumps 24% on Financial Gains
Kangwon Land delivered a 24.1% YoY profit boost in Q3 2025, supported by strong financial gains and steady gaming performance. With rising visitation and expansion underway, the operator strengthens its position as South Korea’s sole domestic-gaming casino.
Macau Hits Record MOP24B Gaming Revenue in October 2025
Macau posted record gaming revenue of MOP24.09B in October 2025, boosted by Golden Week traffic and expanding non-gaming offerings. While recovery continues, strong mass-market demand and tourism momentum signal sustained growth heading into year-end.