MGM Resorts International has terminated acquisition talks with its largest shareholder, People Inc., following the withdrawal of an $18 billion buyout proposal. CEO Bill Hornbuckle confirmed during the operator's third-quarter earnings call that discussions ended after People Inc. failed to assemble the necessary financing syndicate, despite reaching an agreement on price.
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 23.41% year-on-year revenue decline to ₱64.41 billion ($1 billion) for the first nine months of 2026. The regulator's net income dropped 84.85% to ₱2.17 billion ($34.7 million) over the period, heavily impacted by softening returns from gaming operations and related services.
MGM Resorts International reported a 1% year-on-year decline in consolidated revenue to $4.2 billion for the third quarter of 2026, as weaker results on the Las Vegas Strip offset growth across other segments. The company's net loss narrowed to $17 million from $285 million in the prior-year period, while adjusted EBITDA decreased from $506 million to $403 million.
The Betting and Gaming Council has warned that an increase in the UK's Machine Games Duty to 25% threatens nearly 9,000 industry jobs and could lead to the closure of approximately 1,000 betting shops and casinos. BGC Chief Executive Grainne Hurst criticized the tax hike, citing concerns over the cumulative financial burden placed on operators.
Entain expects to incur an additional £25 million ($33.25 million) in annual costs resulting from the UK government's decision to raise Machine Games Duty from 20% to 25% on higher-stakes machines. Despite the anticipated financial headwind, the Ladbrokes and Coral operator has maintained its fiscal 2026 guidance and its 2028 cash flow targets.
Sportsbook provider Altenar has partnered with Malta-based Wildz Group to power the operator's upcoming sports betting launch in Finland's newly regulated market, scheduled for July 2027. Wildz Group is the first operator to publicly announce it has secured an online gambling licence ahead of the market's opening.
The Commodity Futures Trading Commission has filed a lawsuit in federal court against Utah over the state's efforts to restrict prediction market platform Kalshi. The complaint marks the federal regulator's tenth action against states challenging prediction markets and its first against a Republican-led state.
A UK Gambling Commission study has found that ethnic minority groups in Great Britain experience higher rates of gambling-related harm than white participants, despite reporting lower overall participation. The research was conducted by NatCen and the University of Glasgow, drawing on data from the Gambling Survey for Great Britain spanning 2023 through 2025.
BC Game has appointed Ali “Ako” Muhanned as its new Chief Executive Officer. Muhanned, who previously managed the operator's international partnerships and brand strategy, will focus on driving international expansion, platform enhancements, and player trust.
The UK government has raised the Machine Games Duty on higher-stakes gaming machines from 20% to 25%, avoiding a previously anticipated increase to 40%. Lower-stakes Category C and D machines operating in pubs remain exempt from the rate adjustment.
Brazil’s Supreme Federal Court has scheduled a public hearing for November 3 to address ongoing legal challenges to the country's ban on fixed-odds betting. Justice Luiz Fux has invited 26 participants representing the betting industry, football governance, and state bodies to the session while the suspension of operator activity persists.
Flutter Entertainment is closing Betfair’s exchange, sportsbook, and casino operations in Italy after recent regulatory adjustments undermined the commercial viability of its exchange model. The operator will maintain its presence in the Italian market through its Sisal, Snai, and PokerStars brands.
The North Fork Mono Casino has officially opened in Madera, California, featuring more than 2,400 slot machines and 40 table games. The property is managed by Station Casinos LLC, a subsidiary of Red Rock Resorts, in partnership with the North Fork Rancheria of Mono Indians. Amenities include a dedicated High Limit Room equipped with 138 slot machines, 10 table games, and a private bar.
Caesars Entertainment reported a third-quarter net loss of $123 million, widening from a $55 million loss during the same period last year. The decline was driven by weakness in the operator's Las Vegas operations, which countered revenue growth across its regional and digital segments. The financial results come ahead of Caesars' scheduled $17.6 billion acquisition by Fertitta Entertainment.
The Chilean government has submitted a 114-page bill to formalize regulation for the country's online betting market. The proposed framework includes an additional 3% tax on top of the 19% Value Added Tax, alongside a comprehensive ban on advertising, promotional bonuses, and player retention incentives for both licensed and unlicensed operators.
The Queensland government has deferred the planned suspension of The Star Gold Coast’s casino licence to March 31, 2027. The six-month extension grants The Star Entertainment Group additional time to complete remediation efforts following a report by special manager Nicholas Weeks citing significant progress in company reforms.
Resorts World New York City has unveiled the International Room, a new 13,657-square-foot high-limit gaming area featuring 48 table games and three private gaming salons. The launch marks an expansion of the Queens property's gaming offerings as it continues to advance its $5.5 billion integrated resort development.
The Danish Gambling Authority (Spillemyndigheden) has launched a public awareness campaign titled "Casino in the Children’s Room" to educate parents on gambling-like mechanics in video games. The initiative aims to broaden discussions around children's digital habits by shifting the focus from screen time to specific in-game content and monetization features.
Macau recorded an 8.5% year-on-year increase in visitor arrivals to 32.18 million through the first nine months of the year. Despite the growth in tourism, casino gross gaming revenue lagged behind, rising 3.2% to MOP187.12 billion ($23.19 billion) as revenue momentum slowed.
The National Basketball Association has entered into agreements naming Kalshi and Polymarket as its preferred prediction market exchanges. In parallel, the league signed a memorandum of understanding with the Commodity Futures Trading Commission to facilitate regulatory cooperation and data sharing on NBA-related contracts.
The New York State Gaming Commission has petitioned a Manhattan court to compel prediction market exchange Kalshi to turn over corporate records. The action is part of an investigation into potential state gambling law violations amid broader disputes over whether sports event contracts fall under state gaming oversight or federal jurisdiction.
Kalshi has filed a pre-emptive federal lawsuit against Louisiana state officials, including Governor Jeff Landry and Louisiana Gaming Control Board leadership, to prevent enforcement actions against its sports event contracts. The operator contends that state efforts to shut down its prediction markets violate the U.S. Constitution's Supremacy Clause.
GR8 Tech has released a new industry report assessing the fallout of Brazil’s nationwide betting ban enacted in September 2026. Titled "Operator Lens: Brazil," the study examines key operational impacts across licensing, compliance, player behavior, digital visibility, and payments. The report aims to provide strategic guidance for operators navigating the sudden contraction of what was previously a rapidly expanding market.
Alberta's regulated iGaming market generated CA$122.1 million ($87.2 million) in non-adjusted gross gaming revenue during its first three months of operation, according to the Alberta iGaming Corporation. Revenue increased steadily month-over-month following the market's July 13 launch, rising from CA$22.2 million in July to CA$56.6 million in September.
Trading volume on prediction markets linked to the 2026 US midterm elections has exceeded $1.4 billion, according to an analysis by CNN. The milestone comes amid heightened interest in contract-based forecasting as an alternative to traditional political opinion polling. The performance of these markets during the election cycle is viewed as a key test for their broader credibility and mainstream adoption.