Macau’s New Year gaming rebound misses expectations
Brokerages trim February GGR outlook to MOP 19.5bn (US$2.43bn) after early-week softness limits holiday gains.
Brokerages trim February GGR outlook to MOP 19.5bn (US$2.43bn) after early-week softness limits holiday gains.
Non-binding term sheet aims to refinance all existing debt and provide fresh liquidity.
Adjusted EBITDA rose to HK$14.5bn (US$1.85bn) for the year as the operator expanded its entertainment portfolio.
Despite also reporting a 7% increase in FY2025 revenue to just over $2.9bn, Churchill Downs also witnessed a net income decrease during the full-year period, falling 10.3% to $383m.
The company’s net income for the fourth quarter of 2025 fell 1.6% to $604.8m, however, while adjusted funds from operations (AFFO) totaled $642.5m during the period and increased 6.8%.
The prediction markets operator stated its system flagged both trades and subsequently froze the players’ accounts, confirming neither party withdrew profits from the alleged violations.
This approach supports the creation of a holding company structure, separating the investment and corporate functions from the day-to-day operations of the gambling business.
The campaign is being rolled out simultaneously across Sweden, Denmark and Ontario, representing the company’s largest multi-market brand investment to date.
Authorities claim that Grubi was involved in a corruption scheme in which roughly €8m ($9.44m) was embezzled through the improper procurement of electronic lottery terminals.
Online gambling was a significant contributor to market growth, with online casinos recording double-digit year-on-year increases.