Broadcom CEO Hock Tan likens AI investing to a casino, warns of capital hurdle to growth
The remarks from a major AI chip supplier, followed by a chip-stock selloff including a 6% Korea rout, highlight investor concerns about the sustainability of A
Reuters · +11 outlets
Macau gaming tax revenue hits US$9.2bn in first nine months of 2026, up 5.9% y-o-y
Gaming remains Macau's largest source of government revenue, though tax growth has slowed from earlier in the year.
Ggrasia · +6 outlets
Macau 3Q26 casino EBITDA seen down 11% y-o-y as visitor growth fails to lift GGR
CLSA attributes the expected decline to weak gross gaming revenue and rising costs, a signal of margin pressure for Macau operators.
Ggrasia · +1 outlets
Genting Bhd shares slump to near two-decade low on US$306mln rights issue plan
CreditSights says the Malaysian casino group will likely still need to sell non-core assets to avert further credit-rating downgrades.
Ggrasia · +2 outlets
Macau daily GGR averaged US$90mln Oct 5 to 11, full-month consensus challenging: UBS
Channel checks point to softness in high-end play, with Macau gaming revenue tracking below expectations in October.
Ggrasia · +1 outlets
Singapore's GRA fines Pools, Marina Bay Sands and Resorts World Sentosa over regulatory breaches
The combined S$175,000 in penalties reflects continued regulatory scrutiny of Singapore's two casino resorts and the national lottery operator.
Retail News Asia · +7 outlets
Wynn and Melco growth driven by Macau hotel investments and UAE expansion, Texas Capital says
Analysts flag the Wynn Al Marjan Island project and new Macau hotel spend as catalysts for the two operators.
Ggrasia · +3 outlets
Sands CEO Patrick Dumont remains bullish on Macau and backs non-gaming investments in Asia
Las Vegas Sands signals confidence in Macau's long-term outlook while emphasizing non-gaming and responsible-gaming programs.
Casino.org · +7 outlets
Macau Chief Executive keeps 2026 gaming revenue forecast at US$29bn despite four-month decline
Officials say October is key to meeting the target, with the government holding the MOP236 billion casino revenue goal for now.
GGRAsia · +4 outlets
Pennsylvania and Wyoming advance proposals to ban sweepstakes casinos
State-level moves add to growing US regulatory pressure on sweepstakes-style online casino operators.
Casino.com · +10 outlets
NFL backs New Jersey in Supreme Court fight over prediction markets
The league's support in the case could shape the legal footing of event-contract and prediction-market platforms.
Casino.com · +14 outlets
Wolfe Research expects Wynn Al Marjan to beat forecasts
The UAE resort is central to Wynn's international growth story as analysts model above-consensus performance.
World Casino News · +5 outlets
Singapore Pools turnover nears S$13.5bn in FY26
The results underline the scale of Singapore's legal betting market amid tighter regulatory oversight.
www.gamingintelligence.com
Brazil online bets banned but demand for overseas providers persists: Blask
Domestic demand collapsed after the government's provisional measure, with players shifting toward offshore operators.
Ggrasia
Michigan orders 33 offshore gambling operators to cease operations
The enforcement action targets unlicensed offshore sites serving US players, part of a broader state crackdown.
Casino.com · +9 outlets
Lawmakers demand FanDuel release celebrity videos sent to VIP bettors
The demand escalates scrutiny of VIP customer practices at major US sportsbooks.
Casino.com · +14 outlets
Betfred turnover nears £1bn as online closes gap on betting shops
The UK bookmaker's shift toward digital is emblematic of the wider migration from retail to online betting.
Casino.com · +1 outlets
Macau gaming-related crime rises 12.3% in first nine months of 2026
Fraud and unlicensed money exchange drove the increase, reflecting enforcement challenges in Macau's gaming sector.
Ggrasia · +1 outlets