Moody’s Investors Service has reaffirmed Genting Singapore’s “A3” credit rating with a “stable” outlook, citing strong momentum at Resorts World Sentosa (RWS) as a key driver of the company’s earnings and free cash flow. Genting and Marina Bay Sands —…
Thailand’s casino industry, once fully developed, could generate more annual gross gaming revenue (GGR) than Singapore, potentially becoming the world’s third-largest gaming market behind Macau and Las Vegas, according to Citi analysts George Choi, Preenapa Detchsri, and Timothy Chau. In…
Las Vegas Sands Corp. (NYSE: LVS) has reportedly secured a $9 billion loan to fund the expansion of Marina Bay Sands (MBS) in Singapore—marking one of the largest corporate credit deals in the city-state’s history. Speculation about the loan first…
Bet365 is reportedly considering a bid for an online sports betting license soon. The opening comes as Resorts World Bet, operated by Genting, prepares to exit the New York market, ceasing all betting activity and advising customers to withdraw funds…
Rep. Mike Rulli (R-OH) has introduced the Giving Alien Migrants Back through Lawful Excise Redistribution (GAMBLER) Act, a bill that would channel federal sports betting tax revenue to Immigration and Customs Enforcement (ICE) rather than the general Treasury fund. Rulli…
Brian Quintenz, President Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), appeared before the Senate Agriculture Committee today, where he addressed a range of issues, including the growing overlap between prediction markets and sports betting. Senator Adam Schiff…
Cristiano Ronaldo lifted the Nations League trophy high as “We Are The Champions” echoed through the Munich stadium on Sunday, following Portugal’s dramatic 5-3 penalty shootout victory over Spain. Goalkeeper Diogo Costa emerged as the hero, saving Álvaro Morata’s crucial…
Portugal staged a thrilling second-half comeback to defeat Germany 2-1 in the UEFA Nations League semi-final, with Francisco Conceição and Cristiano Ronaldo finding the net to keep the Seleção’s title hopes alive. Match Summary: Portugal Rally to Deny Germany Germany’s…
Mbeumo pushing for Manchester United move Brentford forward Bryan Mbeumo is eager to complete a move to Manchester United this summer. The Cameroon international is reportedly set to turn down interest from both Arsenal and Newcastle United in favor of…
Former Major League Baseball (MLB) star Yasiel Puig secured a legal win on Thursday after the U.S. Court of Appeals for the Ninth Circuit ruled that he is not bound by a 2022 guilty plea agreement with the Department of…
After a grueling season that even they admit has fallen short of expectations, perhaps not too much should be read into a post-season exhibition match. A night to remember for Southeast Asia While United’s tour was always more about connecting…
Robinhood Markets (NASDAQ: HOOD) is facing an inquiry from Massachusetts regulators regarding its recently launched event contracts tied to NCAA basketball tournaments. As of now, the Massachusetts Securities Division has not taken formal action against Robinhood. However, Secretary of State…