The Star cuts Q4 EBITDA loss by 70% as Gold Coast gaming revenue rises
The group reported AU$265m in quarterly revenue as cost reductions helped narrow its losses.
The group reported AU$265m in quarterly revenue as cost reductions helped narrow its losses.
Cuban also currently maintains a minority stake in the Dallas Mavericks NBA franchise, having sold most of his ownership to a group which included Las Vegas Sands CEO Sheldon Adelson.
Only two retail casinos managed to report increases in slot machine revenue, as Big Easy Casino grew 12.4% to $2.9m, while Harrah’s Pompano Beach produced $10.3m and rose 7.8%.
The Spanish gambling operator says its retail sportsbook took in more than 5.6 million bets during the tournament, with the Argentina-Spain final generating its highest single-match volume on record.
Midwest & South and managed operations recorded growth, while weaker destination demand and construction disruption affected the operator’s Las Vegas properties.
Brazil's Finance Ministry says betting platform Blaze must answer for ads featuring minors, ruling the influencer behind the campaign acted under the company's direct control.
South Korea's foreigners-only casino sector has voiced concerns over plans to increase its tourism fund contribution, arguing the move could reduce investment capacity just as regional competition intensifies ahead of Japan's Osaka integrated resort.
Blik will introduce a new payment-blocking mechanism from 1 September, preventing transactions linked to domains listed on Poland's register of illegal gambling websites.
Macau gaming volumes increased across every segment, but weak rolling-play hold reduced property EBITDA by an estimated $87m. The operator also raised its share repurchase authorization to $6bn.
Follow the money. Two trade associations, two countries, one target: payment providers. As EGBA and APAJO turn from lobbying to formal complaints, is the industry's fight against illegal gambling shifting to a new front?