Corporate
M&A, leadership changes, and strategic moves across the industry.
A week after closure notices put eight Washington card rooms on course to shut on 30 November, Maverick Gaming's founder says he is buying them out of the bankruptcy and that the deal will close within three weeks. No buyer entity, price or court filing for the sale has been made public, and a new owner needs the state's gambling licence.
IG's core trading business kept more customers and less of their money in the third quarter, and the London-listed broker has cut its 2026 growth outlook to mid-single digits. The US fantasy and prediction-market operator it agreed in July to buy for up to $1.3 billion more than doubled its revenue, but that deal has not closed and the business is in court with six states.
A month after taking office, Kangwon Land's first permanent chief executive since 2023 has set up a committee to diagnose the company and test the feasibility of its flagship resort plan. The review lands while the only casino open to Koreans is waiting on Seoul for the exemptions the plan depends on.
A cheater reached high-stakes online poker players through the table-management tools on their own computers, not through the poker rooms. The rooms hold the hand histories and the money, and they are now deciding what to refund and how to stop it happening again.
Paradise Co's four foreigner-only casinos took more in the third quarter than in any quarter before it, even though customers bought fewer chips than in the second. Grand Korea Leisure recovered in September, but its quarter was barely ahead of last year's.
NagaWorld's operator says gross gaming revenue for the first nine months of 2026 fell to $417.9 million, with VIP rollings down by more than half. Set against its half-year results, the figures imply a third quarter about 43% weaker than a year ago, and this time the mass market fell too.
Betsson Group has set up the Betsson Foundation to coordinate its community and sports giving. It has published a governance outline and one project in Peru, but no funding commitment, no board and no spending figures to judge it by.
Lotte Tour Development drew a record 66,393 casino visitors to Jeju Dream Tower in September and kept the smallest share of their table play in almost three years. Its two listed rivals grew in the same month, and the company is calling it a run of bad luck that October will correct.
Genting has shut its Coventry casino after a month-long staff consultation, blaming costs and tax rises the sector has already absorbed. The closure lands four weeks before a Budget that may double Machine Games Duty, and both sides of that argument are already using it.
Notices filed with Washington's Employment Security Department put eight of Maverick's card rooms on course to close at the end of November, on top of two in Tukwila on 1 November. The company says a buyer in its Chapter 11 case could keep some open, and one Pasco councilman says that is already happening.
Macau's casinos won MOP18.06 billion in September, 1.2% less than a year earlier and 17.5% less than in August: the fourth monthly decline in a row and the weakest month of the year. It came in below a comparison base that a typhoon had already cut, and almost exactly at the figure Citigroup cut its forecast to ten days ago. It was published on the first day of Golden Week.
The affiliate has lowered its 2026 outlook for the second time in five weeks, blaming Brazil's ban and a weak third quarter, and has lined up a €50 million loan and a €50 million share issue from its largest shareholders to clear €91.5 million of bonds due in December.