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Japanese and Chinese punters drive up Paradise’s revenue in 1Q24

South Korean casino operator, Paradise Co. Ltd, reported a considerable 228 percent quarterly rise in operating profits in the first quarter of 2024, mainly due to the steady increase in play by Japanese and mass markets.

Light & Wonder’s 2025 $1.4B EBITDA target challenging: Deutsche Bank

Deutsche Bank notes that achieving Light & Wonder's 2025 $1.4 billion adjusted EBITDA target will be a challenging task, as their forecast indicates the figure is 'well below' the goals articulated by management.

CDNetworks rapidly expanded in 2023, offering scrubbing service with over 15 Tbps capacity

CDNetworks, the APAC-leading network to deliver edge as a service, today announced it rapidly expanded its global network of scrubbing centers in 2023 to help organizations boost availability, enhance resiliency, and secure the digital experience.

Light & Wonder sets new records with first-quarter results

Light & Wonder has delivered yet another strong quarter, marking its 12th consecutive period of yearly revenue growth, as gaming revenue topped $476 million – a 14 percent yearly increase.

India’s Delta Corp casino revenue up 7.2% in financial year ending in March

Indian casino operator Delta Corp announced that its casino revenue grew from $65.3 million to $70 million in the financial year ended March 31st.

Kangwon Land reports 1Q24 net income growth of 26% q-o-q

South Korea’s Kangwon Land has reported net income of $68 million for 1Q24, a 26 percent increase from 4Q23, but down 8.5 percent sequentially.

UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO

Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.

Wynn CFO: Capital expenditure could reach $500M by 2025-end

The CAPEX related to Wynn Macau‘s concession commitments could range between $350 million and $500 million in total between 2024 and the end of 2025, according to the group's CFO.

Japan’s top law firms assist Osaka IR’s with $3.4B loan from bank consortium

Osaka's integrated resort developer consortium has secured a $3.4 billion loan from a bank consortium, to further the development of the country's first casino.

DigiPlus’ net income grows 358% in 1Q24 to $35M

Philippine retail gaming provider DigiPlus Interactive Corp posted a net income of $35 million in the first quarter of the year, marking a 358 percent increase from 2023.