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Rivalry cuts staff and pauses player activity while reviewing options

Deals & M&A

Rivalry said its board is reducing the workforce and operating costs after the company paused deposits and wagering on its platform. The operator has asked players to withdraw their remaining balances and is considering asset-level or corporate transactions, restructuring and other alternatives, without assurance that a transaction will be completed or operations will continue in their current form. Rivalry reported a 60% fall in net revenue to CA$4.9 million and a CA$7.1 million net loss for the first nine months of 2025.

Players have been asked to withdraw balances while Rivalry reduces operations and evaluates its future.

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Deals & M&A

Macau Legend extends loan repayments to 2030 under revised terms

Macau Legend Development said revised bank-loan arrangements have extended repayment periods on two facilities to 2030, and that it has begun repayments under the new terms. As of 31 October 2026, HK$1.96 billion remained outstanding on a HK$2.3 billion term facility; the company said HK$4.5 million had been repaid.

Macau Legend Development has begun repaying bank loans under revised arrangements as it works to address the issues behind its auditor’s disclaimer of opinion, the company said. Further steps may still be necessary to resolve those issues.

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