Broadcom CEO Hock Tan likens AI investment boom to a casino, warns many investors have 'no clue'
Tan's remarks that AI spending resembles gambling came as semiconductor stocks sold off sharply, drawing a public retort from Elon Musk.
Yahoo Finance · +13 outlets
CLSA and UBS forecast 11% decline in Macau casino EBITDA as costs outpace revenue
Analysts say rising operating costs and soft gross gaming revenue will compress third-quarter earnings despite more visitors to Macau.
Ggrasia · +3 outlets
Genting shares post biggest one-day drop since 1998 after MYR1.25bn rights issue plan
CreditSights says the Malaysian group will still likely need to sell non-core assets to avoid further credit-rating downgrades.
Ggrasia · +2 outlets
Macau October GGR tracks below consensus, down about 7%: Jefferies
UBS pegs daily gross gaming revenue at roughly US$90mln for Oct 5 to 11, with analysts flagging a challenging full-month consensus.
Ggrasia · +2 outlets
PAGCOR eyes US$318M to US$477M sale of Casino Filipino amid mounting losses
A Philippine government commission is due to recommend this month on whether to decouple the state-run Casino Filipino chain from the regulator.
Ggrasia · +1 outlets
Seminole Tribe sues DraftKings over prediction markets and DFS in Florida
The tribal operator argues DraftKings' prediction market and daily fantasy products infringe on its Florida gaming exclusivity.
Casino.com · +14 outlets
NFL backs New Jersey in Supreme Court fight over prediction markets
The league's amicus support adds weight to the state's defense of prediction market regulation against federal sports-betting law challenges.
Casino.com · +14 outlets
Korea casino stocks slide on China demand and levy pressures
Investors are pricing in weaker Chinese visitation and higher gaming taxes for Korean operators.
iGamingToday.com · +1 outlets
Wynn and Melco cited as Texas Capital and Wolfe Research flag Macau and UAE growth drivers
Analysts point to new Macau hotel investment and the Wynn Al Marjan Island project in the UAE as core catalysts for the two operators.
Ggrasia · +3 outlets
Macau 2026 gaming revenue forecast held despite slump; gaming tax up 5.6% year to date
Gaming remains Macau's largest government revenue source even as monthly gross gaming revenue posted a fourth consecutive decline.
Focus Gaming News · +5 outlets
NZ names 11 winners in online casino licence auction
New Zealand's first competitive online casino licensing round assigns market access to a slate of operators.
Asia Gaming Brief (AGB) · +13 outlets
Macau gaming-related crime rises 12.3% in first nine months of 2026
Authorities also report an increase in suspicious transaction reports tied to the gaming sector.
IAG · +6 outlets
Pennsylvania and Wyoming advance proposals to ban sweepstakes casinos
The two states move to restrict dual-currency sweepstakes operators as the model faces growing regulatory pushback nationwide.
Casino.com · +10 outlets
NSW regulator censures four venues for breaching mandatory poker machine shutdown rules
The crackdown follows the NSW Crime Commission's intensified scrutiny of pokies compliance and money laundering risks.
IAG · +2 outlets
Michigan orders 33 offshore gambling operators to cease operations
The state regulator moves against unlicensed sites offering casino and sports betting to Michigan residents.
Casino.com · +8 outlets
Chip and storage stocks tumble amid AI selloff; Micron, Seagate, Western Digital fall
A broad semiconductor and hardware selloff hit memory, storage and analog chip makers.
StockStory · +14 outlets
Singapore Pools turnover nears S$13.5bn in FY26
The state lottery and betting operator reports strong betting volumes for the year.
Gaming Intelligence · +1 outlets
Brazil online bets banned but demand persists for overseas providers: Blask
Data shows domestic online gaming demand collapsed in stages after the government's provisional measure curbing the market.
Ggrasia · +1 outlets