Author: Maisie Morrison

TLDR Genting Malaysia has dropped its recapitalisation plan for Empire Resorts. Empire Resorts repaid its full $300 million senior secured notes on July 2. The planned $525 million sale of non-gaming assets at Resorts World Catskills will not move forward. Genting Malaysia took full ownership of Empire Resorts in June 2025. Genting Malaysia posted a net loss of MYR25.2 million in the first quarter of 2026. Genting Malaysia has ended its recapitalisation plan for Empire Resorts, its wholly owned subsidiary in the United States. The company made the announcement after Empire Resorts repaid a large chunk of debt tied to…

TLDR Sportsbet has finished all remediation work required under a 2024 enforceable undertaking with AUSTRAC. AUSTRAC confirmed the agreement is now closed after an independent auditor verified the changes. The undertaking followed concerns about risk assessment, customer monitoring, and suspicious matter reporting. Sportsbet had to improve five core areas of its anti-money laundering framework. AUSTRAC said finishing the undertaking does not lower its expectations going forward. Sportsbet has finished the remediation work required under an enforceable undertaking with AUSTRAC. The agreement is now closed after a multi-year process. AUSTRAC is Australia’s financial intelligence and regulatory agency. It oversees anti-money laundering…

TLDR Michigan Gaming Control Board has withdrawn from the National Council on Problem Gambling. The exit is a protest against Kalshi’s new platinum-level membership with the council. Kalshi pledged $2 million over two years to join NCPG in May. Michigan secured a temporary restraining order against Kalshi on June 29 over sports event contracts. NCPG says it stays neutral on the legality of specific gambling products. The Michigan Gaming Control Board has ended its relationship with the National Council on Problem Gambling. The move is a direct response to the council accepting Kalshi as a platinum-level member. The decision was…

TLDR Cambodia’s casino regulator met to discuss stronger oversight of the gaming sector. The Commercial Gambling Management Commission reviewed inspection standards and staff rules. Dealers and pit supervisors are classified as special employees under Cambodian law. The deputy prime minister called for full reviews of casino licenses nationwide. Casinos linked to fraud or illegal activity could lose their licenses. Cambodia’s casino regulator has met to talk about ways to improve oversight of the country’s gaming industry. The Commercial Gambling Management Commission, known as the CGMC, held the meeting as part of a wider review of inspection standards. The meeting was…

TLDR 34.8% of Brazilians deposited money at betting platforms after the World Cup began, up from 11% in May Data came from a Klavi survey using Central Bank of Brazil Open Finance records covering 1.2 million people Average deposits rose from BRL 188 to BRL 272, peaking at BRL 524 after the Brazil vs Morocco match Brazil’s Ministry of Finance opened proceedings against bet365, Betnacional, and KTO over World Cup ad violations Companies could face fines up to BRL 2 billion under Brazil’s Betting Law A new survey has found that betting activity in Brazil jumped sharply after the 2026…

TLDR Castelli, a municipality in Buenos Aires Province, Argentina, became the first locality to block online betting sites on municipal networks. Ordinance 4023-E-082/25 was approved by Mayor Francisco Echarren and covers schools, public Wi-Fi, and government offices. The mayor said four out of ten young people have already placed bets using mobile phones, often starting at age 13. The municipality will work with local internet provider Cooperativa CUECCA to enforce the technical restrictions. The move follows a separate law in Misiones province that also restricts gambling ads and access for minors. Castelli, a municipality in Argentina’s Buenos Aires Province, has…

TLDR Kazakhstan banks rejected more than 400,000 transactions linked to illegal gambling between October 2025 and March 2026. The blocked transactions totaled $20.8 million and involved 110 blacklisted companies and payment providers. Authorities arrested 11 bank employees suspected of helping operators dodge the restrictions. Mobile carriers Tele2, Beeline, Kcell, and Activ are now coordinating with the government to block payments in real time. Kazakhstan is expanding land-based gambling zones in four tourism regions, though local residents will not be allowed inside. Kazakhstan has stepped up efforts to stop illegal online gambling by targeting the payment systems that support it. New…

TLDR South Korea extradited two suspects from the UAE tied to illegal gambling operations worth trillions of won. One suspect avoided capture for more than a decade while hiding in the Philippines, Malaysia, and Cambodia. The other suspect allegedly recruited middle and high school students into his gambling network. Investigators are also looking into tax evasion, drug offenses, and a 2018 death in Malaysia linked to one suspect. Officials plan to expand the investigation into accomplices and other overseas gambling rings. South Korea has extradited two suspects from the United Arab Emirates in connection with illegal gambling operations worth trillions…

TLDR Moody’s Ratings expects Asia gaming revenue to grow 5% to 6% over the next 12 to 18 months Macau is set to lead the region, with revenue growth of 6% in 2026 and 4-5% in 2027 Southeast Asia faces slower growth because operators rely more on air travel and are more exposed to fuel prices Genting Bhd and Genting Singapore show mixed earnings outlooks for 2026, while NagaCorp stays steady Combined Macau casino earnings are expected to grow 6-7% in 2026, reaching $8.6 billion to $8.7 billion Moody’s Ratings says gaming revenue across Asia will grow between 5% and…

TLDR Police in Can Tho, Ninh Binh, and Da Nang broke up three separate gambling and betting rings. Combined transactions across the three cases reached about VND2 trillion, or roughly $75 million. The Can Tho ring alone handled over $37.6 million in lottery and football betting. The Ninh Binh network used a shared betting account split into smaller accounts across several provinces. Betting activity spiked during the 2026 FIFA World Cup, with millions in wagers placed in just weeks. Police across three Vietnamese cities have shut down gambling networks tied to nearly $75 million in bets. The busts happened in…