MGM Resorts Posts $17M Q3 Loss as Vegas Room Rates Slide
MGM Resorts posted a $17 million Q3 2026 loss as Strip room rates dropped 8%, while record Macau revenue and digital growth softened the blow.
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New Zealand’s Kāpiti Retains Pokies Limits as Annual Losses Reach NZ$8m
Kāpiti Coast has retained its sinking lid gambling policy, with 184 pokies across 11 venues and annual player losses reaching NZ$8 million.
Nevada Casinos Win $1.28B in September as Room Rates Fall
Nevada gaming win slipped just 0.05% to $1.28 billion in September, while Las Vegas room rates fell 6.3% and major operators reported softer Q3 results.
The Star Returns to Positive Quarterly Earnings, but Financial Risks Remain
The Star Entertainment has reported A$12 million in quarterly EBITDA, reversing last year's loss as its Sydney and Gold Coast casinos show signs of recovery.
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South Africa's Betting Revenue Rose 390% in Four Years. Now a Tax Is Coming
South Africa's betting revenue jumped from R10.6 billion to R51.97 billion in four years. Treasury now plans an online gambling tax, with the final design due in February 2027.
Happy Valley Casino Shockingly Posts Worst Month Since Launch
Happy Valley Casino opened its doors to customers in April. But despite changing leadership after an underwhelming start, the property is still hurting.
SkyCity Opens Door to Takeover Bids After Rejecting Two Offers
SkyCity Entertainment Group has launched a structured process to consider potential takeover proposals after rejecting two unsolicited bids earlier this year. The company has appointed advisers to assess interest but says there is no guarantee of a sale.
Macau Q3 GDP Projected to Fall 2% as Gaming Slump Deepens
Macau's economy likely shrank about 2% in the third quarter as casino revenue fell, and brokers now expect October gaming revenue to decline too.
Macau Mass Baccarat Revenue Falls to 2026 Low in Q3
Macau's mass baccarat revenue dropped 4.5% to MOP33.6 billion ($4.03 billion) in the third quarter, its lowest of 2026, while VIP baccarat climbed 6.3%.