Genting Singapore, the operator behind Resorts World Sentosa, reported a sharp 34 percent year-on-year decline in net profit for the first half of 2025, bringing earnings down to SGD 234.7 million (approximately USD 173.7 million). Overall revenue dropped 10 percent YoY to SGD 1.21 billion (around USD 888 million), driven by a slump in both gaming and room revenues. Gaming income fell 12 percent to SGD 839.4 million, while room revenue decreased by 19 percent to SGD 98.4 million.
In a landmark move, licensed online gambling operators in the Philippines have joined forces to create the PlaySafe Alliance of the Philippines, a unified industry body aimed at elevating standards across digital gaming platforms. The alliance, officially launched on 8 August 2025, includes 18 PAGCOR-accredited operators and a law firm working in concert to promote a safer and more transparent sector.
Wynn Macau Ltd has outlined a bold investment strategy, committing up to US $750 million through the end of 2026 to enhance its Macau properties and strengthen its competitive edge.
The newly released 2025 Forbes “Philippines’ 50 Richest” list once again highlights the powerful role the casino industry plays in shaping the country’s wealth landscape. While the Sy siblings of the SM Group retained the top spot with a combined net worth of US$11.8 billion, down slightly from last year, it's the rising dominance of casino-linked magnates that is turning heads across the financial world.
In a decisive move to safeguard financial consumers and address growing societal concerns, the Bangko Sentral ng Pilipinas (BSP) is finalizing a suite of regulations aimed at tightening control over online gambling payments. As of August 7, 2025, the central bank has confirmed its commitment to a final set of measures developed following public consultations, marking a critical milestone in the country’s efforts to promote responsible digital financial practices.
Author: Janice Chew • Friday, 08/08/2025
