MGM Resorts is moving forward with plans to develop Japan's inaugural integrated resort in Osaka. MGM Japan's Ed Bowers emphasized that while pioneering casino gambling in the country poses substantial risks, it also presents significant long-term commercial upside.
MGM Resorts has confirmed that all strategic discussions with People Inc have been terminated, solidifying its trajectory as an independent operator. The announcement coincided with third-quarter results showing reduced losses, even as macroeconomic pressures continue to impact its Las Vegas performance.
Land-based gambling stakeholders have criticized the government's hike to Machine Games Duty (MGD), warning it poses serious operational challenges across the industry. Despite operator pushback, financial markets responded with relief as regulatory uncertainty cleared.
Flávio Bolsonaro has arrived in the US, landing in Miami on Wednesday after slipping out of Brazil while under investigation over alleged financial crimes tied to betting companies.
The UK gambling industry has warned that a five-percentage-point increase in Machine Games Duty to 25% could drive an expansion of the illegal market. Announced in the autumn budget, the tax hike has drawn mixed reactions from sector stakeholders concerned about channelisation and operational costs.
UK gaming operators have avoided a feared 40% tax increase as the government raised Machine Games Duty (MGD) to 25%. The outcome delivers notable relief to the retail and machine sectors following widespread speculation of a much steeper tax hike.
The Advertising Standards Authority (ASA) has upheld a complaint against a betting affiliate whose ads appeared on search results for self-exclusion. The affiliate argued that the placement resulted from automated ad platform query matching rather than deliberate targeting of vulnerable consumers.
The Star Entertainment Group is set to pay an AU$260 million penalty to conclude regulatory proceedings that commenced in 2022. The long-running case has also resulted in two former executives being found guilty of breaches under the Corporations Act 2001.
Italy's Cabinet is convening to approve its upcoming budget, which projects a €700 million fiscal contribution from the gaming industry. Initial reports suggest the additional tax burden will focus primarily on lotteries and online gaming rather than retail concessions.
Flávio Bolsonaro is under investigation over alleged links to betting companies, with reports suggesting he has fled Brazil following electoral defeat.
Swedish trade association BOS has called on Spelinspektionen to reconsider its enforcement approach regarding anti-money laundering (AML) compliance. The request follows a commissioned report indicating that the gaming regulator has routinely imposed sanctions near the statutory maximum limits.
Caesars Entertainment reported third-quarter performance driven by continued growth in its regional casino footprint and digital operations. These revenue streams helped mitigate ongoing softening and lower volumes across its core Las Vegas properties.
Brazil’s Supreme Federal Court has scheduled a public hearing on 3 November to address a potential ban on betting. The move represents the court's first post-election step regarding the legal status of gambling in the country.
The ruling against those accused includes house arrests as well as a one-year ban on operating games.
The National Association of Games and Lotteries (ANJL) has called for open dialogue with re-elected President Luiz Inácio Lula da Silva concerning a potential betting ban. The Brazilian trade body confirmed it is preparing representations to safeguard the commercial future of the regulated betting market.
The licence suspension for The Star Gold Coast casino has been officially extended to March 2027. The decision follows a related regulatory action that extended the licence suspension for The Star Sydney until June 2027.
The UK Chancellor appears set to implement a 5% increase on Machine Game Duty (MGD), avoiding an earlier proposal that could have doubled the rate. Despite averting the steeper rise, retail operators warn that any tax hike threatens operational viability and will likely prompt venue closures.
The NBA has signed a memorandum of understanding with the Commodity Futures Trading Commission (CFTC) and established partnerships with prediction market platforms. The initiative marks the league's formal entry into the prediction market landscape at the start of the 2026-27 season.
The Finnish gambling regulator has officially confirmed the approval of 12 gambling licences ahead of the planned market launch in July 2027. Officials reported that no applications have been rejected so far during the initial licensing phase.
Denmark has launched a new campaign targeting gambling-like features embedded in video games aimed at children. The initiative arrives alongside the re-submission of government legislation focused on restricting gambling advertisements directed at minors.
The UK's All-Party Parliamentary Group has backed a fresh push to eliminate gambling advertising from football. The group joined the Coalition to End Gambling Ads in endorsing a petition submitted to 10 Downing Street to implement the ban.
The fight over Brazil's betting ban has entered a new phase following the re-election of President Lula. The industry had previously anticipated a victory by Flávio Bolsonaro, with whom sector representatives had engaged in talks to revise Provisional Measure 1,394.
UK operators are adjusting to significant market pressures following the near-doubling of the remote gaming duty, with potential further tax increases looming in the upcoming Budget. Industry analysis suggests that operational scale is increasingly determining which companies can survive the tightening fiscal landscape.
Brazil is set to revoke 85 betting licences following a presidential ban on the sector. The move leaves operators facing billions in financial losses and significant regulatory uncertainty. A local trade body has additionally cautioned that the decision could spur a major surge in the illegal market.
DraftKings has risen to third place in the prediction market rankings following a sharp increase in trading activity over recent weeks. Although the operator continues to trail Kalshi and Polymarket in notional volume, chief executive Jason Robins expressed satisfaction with the platform's recent growth trajectory.