PAGCOR revenue falls nearly 50% after e-wallet restrictions
Regulator warns of fiscal impact as Congress debates gambling reforms.
Regulator warns of fiscal impact as Congress debates gambling reforms.
The operator reported a decrease in net income of 42% to $38.1m due to a one-time, non-cash impairment, but also generated an adjusted net income of $77.1m, equating to a rise of 7%.
The $3.3bn net revenue generated throughout the third quarter of 2025 was primarily accounted for by the operator's casino revenue, which grew 29.4% year-over-year for a total of $2.5bn.
Brazil's Chamber of Deputies is holding a public hearing to address why athletes have yet to receive their share of betting revenues.
The institute said banks, not betting firms, are responsible for Brazil's household debt.
A draft decree of gambling proposals has been questioned by the Vietnam Chamber of Commerce and Industry (VCCI) on behalf of industry.
Profit was up 19% year-on-year, despite the operator awarding a SEK 409m lottery prize during the quarter.
The operator also went on to announce the launch of DraftKings Predictions, a mobile application set to debut in the 'coming months' as a result of the acquisition.
Encore Boston Harbor drove the highest revenue of any Massachusetts property throughout the monthly period, reporting $59.1m between slots and table game revenue and increasing 2.5%.
Brazil's Ministry of Finance is preparing a new proposal to reintroduce betting and billionaire taxes after Congress rejected the previous one.