Business

Japan Casinos will Boom the Economy but Face Major Delays

Published

6 years ago

July 1, 2019

Last month, Tokyo celebrated full fledged casino legislation. The decision has been under process for a decade and will allow the country limitless possibilities.

According to CLSA, a research firm in Japan, the initial 3 planned integrated resorts will generate an estimated of $11 Billion. That is 100% more than the value that Singapore generates.

According to freespin, it is also forecasted that in 2030s, seven additional integrated resorts will generate approximately $20 Billion. That is more than the amount of the Asian market’s top four contenders combined. They will stand third in the global pecking order just behind the USA and Macau.

However, there is an issue. There have been major delays in the progress of the task due to Government’s fundamental policy and the process of establishing a casino.

At JgC, Morgan Stanley’s managing director, Praveen Chaudhry, stated that “Osaka will not open by 2025”.

As the dates clash with World Expo, which will be running on a site that is adjacent to the Yumesima Island, the delays suggest that Mr. Chaudhry is right in his speculations.

Another speaker stated, “The Osaka IR Fundamental Plans follows what is slowly becoming the industry standard for all IRs in the Asian region–its ability to spur urban development around the vicinity and contribute to the overall tourism of the city/country.”

He further states that the urban design for the place is still being developed and they are dedicated towards giving IR aspirants a creative edge. But a comprehensive plan has already been developed.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.