In a bold move to expand its gaming portfolio, Iris Capital has made a formal takeover bid for the Reef Hotel Casino in Cairns, offering A$177 million (US$116 million) to acquire the publicly listed Reef Casino Trust (RCT). The Sydney-based hotel and casino operator, through its Iris Cairns Property Trust, announced its off-market cash offer at A$3.5541 per unit—a premium of nearly 18% above RCT’s last trading price on July 11 and over 30% above the unit price prior to February, when initial interest in the casino was revealed. The announcement marks a significant development in North Queensland’s hospitality and gaming landscape, drawing attention from both investors and regulators.
In a rare and unified move, three of the Philippines’ most prominent integrated resorts—Newport World Resorts, Okada Manila, and Solaire Resort—have issued a joint statement defending the integrity, legality, and responsible practices of their domestic online gaming operations. This statement comes amid rising political scrutiny and proposed legislative measures that threaten to curtail or ban online gambling in the country.
Century Entertainment International Holdings Ltd. has entered into a strategic joint venture agreement with Philippines-based World Platinum Technologies Inc. (WPT) to develop, market, and distribute WPT’s PAGCOR‑licensed gaming platforms and content across the Asia‑Pacific region. The new venture, Konphil Technology Company Limited, incorporated in Hong Kong on June 26, 2025, will have Century holding a 51% majority stake, while WPT will take an initial 49%—a share that may rise to around 16.66% if revenue milestones are met.
WEAVE, the latest 20,000 sqm lifestyle enclave at Resorts World Sentosa (RWS), launched recently across three interconnected open-air levels. Designed by Benoy and ICN Design, its biophilic architecture—curved walkways, cascading planters, stone and wood elements—blurs the lines between indoor and outdoor spaces, creating a fertile, tropical sanctuary right in the heart of Sentosa.
Philippine technology giant DigiPlus Interactive Corp. is making waves with its announcement to launch a dedicated iGaming platform in Brazil this coming September. This move marks a significant step in the company’s expansion strategy as it ventures beyond Southeast Asia into one of Latin America’s largest and most promising online gaming markets.
Author: Janice Chew • Monday, 14/07/2025
