The companies behind two of Vietnam’s casino properties remained under financial pressure during the first half of 2026, with accumulated losses reaching substantial levels at both Phu Quoc and Ha Long. Phu Quoc Tourism Development and Investment JSC, which operates Corona Resort & Casino Phu Quoc, reported an after-tax loss of more than VND211 billion for the six months. The result represented a significant improvement from the VND564 billion loss recorded during the corresponding period of 2025. According to VietTimes, […]

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British Columbia’s online sports betting sector is facing intense competition from private operators, even though these platforms remain illegal in the province. The British Columbia Lottery Corporation (BCLC) currently controls only a slim majority of the online market through its PlayNow platform. Finance Minister Brenda Bailey shared updated figures during budget estimates, noting the growing influence of unregulated operators. “We estimate that BCLC has captured half – 51 per cent is our estimate – of the online gambling market in […]

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India’s online gaming industry remains in legal limbo after the Supreme Court signaled that challenges to the country’s real-money gaming ban will not be taken up until January 2026. The delay follows pleas from gaming operators seeking urgent judicial review of a law that has effectively halted operations across the sector. Law passed amid concerns over social and financial harm On December 11, a bench led by Chief Justice Surya Kant considered an early-listing request from Head Digital Works (HDW), the […]

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Australia is confronting a dramatic escalation in its illegal offshore gambling market, with new data showing losses have more than doubled since 2019. Research conducted by H2 Gambling Capital for Responsible Wagering Australia (RWA) found that Australians are now losing $3.9 billion each year to unlicensed overseas gambling platforms, a figure expected to rise to $5 billion by 2029. The expanding market now represents 36% of all online gambling in the country. The financial consequences extend well beyond player losses. Governments […]

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Macau Legend Development Ltd, the operator behind Macau’s Legend Palace and the Macau Fisherman’s Wharf precinct, has issued a profit warning, projecting a loss of up to HK$640 million (US$80 million) for the fiscal year ending 31 December 2024. This marks a stark increase from the HK$4.9 million (US$612,500) loss reported in the previous year. ​ In a recent filing (pdf) with the Hong Kong Stock Exchange, Macau Legend attributed the expected loss primarily to the recognition of significant impairment […]

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BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to surpass earlier projections. This news comes as the company aggressively ramps up its marketing strategies to compete in a fiercely competitive sports betting market. Financial performance and market challenges: In a detailed financial update, BetMGM reported a significant core loss of $123 million for the first half of the year. Projections for the second half suggest similar figures, leading to an […]

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A week after rival MGM Grand Detroit laid off some 1,100 employees, and Greektown Casino-Hotel now says 43 workers will be laid off due to lost revenues resulting from the coronavirus pandemic. In a statement announcing the layoffs, the company reportedly said… “These layoffs at Greektown Casino-Hotel are the unfortunate result of COVID-19 related business circumstances that were sudden, dramatic and beyond our control.” Displaced workers: According to the news agency, the layoffs of the 43 union employees are permanent […]

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By fall of 2018, MGM Resorts International intends to open a casino near Springfield, Massachusetts. Two federally recognized tribes of the state warned legislators that the two casinos operated by the tribes would suffer due to the new venue. According to a new analysis by the fiscal office of the General Assembly, as much as $68.3 million could be lost once the new casino is up and running. Lawmakers asked the Office of Fiscal Analysis to review the impact of […]

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