Weekend Conversation Corner – November, 28

Welcome to the most recent installment of our Focus Gaming News Weekend Conversation Corner, where we provide a brief overview of the week’s top headlines that have captured global interest. As we break down the flurry of events into a clear and focused summary, we will discuss the key stories that have shaped the conversation, impacted policies, and sparked debates. Join us as we filter out the noise and offer a condensed look at the week’s significant developments, keeping you informed on what truly counts in today’s ever-changing world.

Stay informed, stay motivated, and continue gaming. Enjoy a fantastic weekend ahead!

Genting Malaysia’s net profit falls 79% year-on-year in Q3

Genting Malaysia Bhd reported a 22.1% increase in revenue to MYR3.36bn in the third quarter, but net profit fell by 79.0% to MYR119.7m. The company attributed the decline in adjusted EBITDA to lower foreign exchange gains. Malaysian operations, including Resorts World Genting, contributed 59.4% of revenue, with a significant rise in business volumes in the gaming segment. The company is set to launch a new ecotourism attraction and complete the revamp of a golf course. It also plans to leverage the Visit Malaysia 2026 campaign to attract more visitors. Genting Bhd, the parent company, now owns 63.4% of Genting Malaysia Bhd shares after proposing a US$1.59bn deal to delist the subsidiary from Bursa Malaysia.

Stricter rules help shape more responsible e-games sector, PAGCOR CEO says

Alejandro H. Tengco, CEO of PAGCOR, addressed the Association of Independent Licensed Gaming and Amusement Operators in the Philippines, highlighting the industry’s shift towards stricter regulations and transparency. Recent reforms, such as the de-linking of e-wallets from online gaming platforms, aim to protect players and legitimate operators. Tengco praised licensed operators for their resilience in adapting to the new rules, contrasting them with illegal operators who evade taxes and endanger players. He emphasized the importance of integrity for sustainability in the gaming sector. AILGAO honored Tengco with a Gaming Exemplary Leadership Award during the event.

UAE lottery operator launches online gambling despite lack of legislation

Momentum has launched TrueWin and Dream Island online casino and sportsbook platforms in the United Arab Emirates, despite the lack of legislation legalizing online betting. The platforms offer live dealer games, poker, roulette, slots, and sports betting on international events. While Momentum is the only company with a legal gaming license in the UAE through the UAE Lottery, TrueWin and Dream Island operate in a regulatory grey area without displaying licensing information from the General Commercial Gaming Regulatory Authority. TrueWin.ae was registered in March 2023, and Dream Island was registered in 2020, pre-dating the establishment of the GCGRA in September 2023.

MPs push Australian government for gambling ad ban

MPs in Australia are advocating for a ban on gambling advertising, with cross-party support indicating it could pass in a parliamentary vote. Labour MP Mike Freelander, Liberal MP Simon Kennedy, and independent Kate Chaney believe a ban could succeed through a conscience vote. ACT independent senator David Pocock criticized Prime Minister Anthony Albanese for delaying action despite widespread backing. Advocates for reform are presenting research in Canberra for a national gambling regulator, challenging the current licensing model in the Northern Territory. Responsible Wagering Australia opposes new regulations, advocating for improving existing protections against offshore gambling sites. The industry’s resistance to reform is evident amidst growing political will for change.

Macau’s premium-mass segment sees strong November performance

Citigroup reports that Macau’s premium-mass segment performed well in November, with average wagers per player increasing by 2% compared to the Chinese New Year 2025 holiday period. Total wagers rose by 19% year-on-year, exceeding expectations for the typically slow month. High-roller activity also saw growth, with more whales in November compared to the previous year. Galaxy Entertainment led in capturing total wagers, while MGM China saw an increase in market share. The Player of the Month wagered HK$1.2m at Wynn Palace’s Chairman’s Club. Overall, the positive performance in November supports Citigroup’s estimate of an 11% increase in GGR compared to the same period last year.

Welcome to the most recent installment of our Focus Gaming News Weekend Conversation Corner, where we provide a brief overview of the week’s top headlines that have captured global interest….