The Star Entertainment Reports Narrowed Q4 Loss, Highlights Cost Savings and Refinancing
Australian casino operator The Star Entertainment Group posted a narrowed EBITDA loss of AUD 8 million for the fourth quarter of fiscal…
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Entain Announces Global Job Reductions Amid Efficiency Drive
Entain, owner of Ladbrokes and Coral, plans to eliminate approximately 500 jobs worldwide as part of a new cost-cutting and efficiency program.…
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US Gambling Industry Spends Vastly More on Celebrity Endorsements Than Responsible Gaming
A recent audit reveals US gambling firms allocated $520 million to celebrity and athlete partnerships in 2025, dwarfing the $60 million spent…
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Macau’s Gaming Tax Revenue Surges 13.1% in H1 2026, Bolstering Government Finances
Macau's gaming tax income reached $6.3 billion in the first half of 2026, marking a significant 13.1% increase year-over-year and highlighting the…
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Prediction Markets Poised for Massive Growth, ARK Investment Management Predicts
ARK Investment Management forecasts a tenfold increase in prediction market volume, potentially reaching $5 trillion within five years, driven by mainstream adoption…
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Macau’s The 13 Hotel Rebrands as The 13 Palace Amidst Financial Struggles
Once envisioned as an ultra-luxury retreat for high rollers, the beleaguered The 13 Hotel in Macau has been rebranded as The 13…
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Hedge Funds Reaping Billions by Betting Against Gambling Industry Giants
Short sellers have amassed an estimated $2.3 billion in profits in 2026 by wagering on the decline of major gambling stocks, driven…
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Illinois Casinos Report $181 Million Revenue in April 2026, Driven by New Venues
Illinois casinos generated $181 million in April 2026, marking an 11.3% increase year-over-year, largely due to the contributions of newer and recently…
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