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PwC: High Gambling Taxes Fuel Europe’s Black Market
PwC analysis shows that high gambling taxes and strict regulations in Europe risk pushing players to unlicensed platforms. Reduced bonuses, slower growth, and lower tax efficiency highlight the need for balanced policies.
Bosnia Proposes Gambling Tax Reform for Social Programs
Dennis Gratz proposes reforms to Bosnia’s Gambling Act, aiming to channel 40% of tax revenues into youth, sports, cultural programs, and the Solidarity Fund to support citizens with serious medical conditions.
Light & Wonder Shifts US$1.5B Buyback to ASX
Light & Wonder will relocate its US$1.5 billion share repurchase program to the ASX as it prepares to delist from NASDAQ. The move consolidates trading activity, aligns with its investor base, and strengthens long-term capital and liquidity strategy.
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.
EGB Launches Lottu with Carlinhos Maia Campaign
EGB has introduced Lottu through its new “Imagina Comigo” campaign featuring Carlinhos Maia, showcasing a digital-first entertainment experience focused on innovation, intuitive design, and responsible gaming. The launch strengthens EGB’s presence in Brazil’s regulated online gaming market.
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.