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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.
Macau Legend to Close Legend Palace Casino on Nov 12
Macau Legend Development will shut down its Legend Palace casino on November 12, 2025, following Macau’s satellite casino phase-out plan. SJM Resorts will manage customer entitlements, and staff will be redeployed to ensure smooth transition.
Melco Invests $125M to Revamp Countdown Hotel in Macau
Melco Resorts & Entertainment is investing $125M to convert Countdown Hotel in Macau into 150 luxury suites. The upgrade complements ongoing hospitality and gaming enhancements, targeting high-value guests and improving the overall visitor experience.
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.
South Korea Races to Respond to Japan’s MGM Osaka IR
South Korea’s casino industry faces mounting competitive pressure as Japan prepares to open MGM Osaka. Industry leaders call for regulatory reform, strategic reinvention, and major investment to strengthen Korea’s integrated resort sector and safeguard tourism revenue.
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.
Sega Sammy Expands into Global Casino Solutions Market
Sega Sammy Holdings is reorienting its business toward integrated casino solutions, leveraging recent acquisitions and new technologies to establish gaming as its third major growth pillar alongside entertainment and pachinko operations.
Belgium’s Gambling Regulator Warns of Staffing Crisis
Belgium’s gambling regulator CJH has warned that chronic underfunding and rigid government oversight are threatening its ability to regulate the growing gaming market, urging lawmakers for full control over staffing and financing.
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.