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Aristocrat posts 41% profit surge, accelerates online RMG investment

Despite mixed operating conditions and supply chain disruptions, Australia-listed Aristocrat Leisure reports a 41 percent increase in NPATA in the six months ended March 31, 2022, and says it is accelerating its investments in the online real money gaming space. 

DFNN revenue, EBITDA surge in 1Q22 on the interactive business uptick

Philippines-listed DFNN, a technology-provider and remote gaming platform provider posted a 81.3 percent increase in revenue for in 1Q22, driven mainly by robust income generated from its interactive technology platforms.

Vietnam’s Ho Chi Minh City wants casinos, potentially also for locals

The People’s Committee of Vietnam's Ho Chi Minh City has put forward a proposal to allow casinos in five-star hotels, at which locals may be permitted to gamble, as part of a raft of measures to improve nightlife.

India proposes GST tax hike for online gambling firms

India is proposing to hike tax for online gambling firms to 28 percent of the face value of a bet, bringing the nascent industry in line with casinos and horse racing.

Genting tycoon launches new Singapore cruise brand

Genting Group Chairman Lim Kok Thay has launched a new cruise line from Singapore, which will make its debut on June 15.

Tiger Resorts reaffirms Kazuo Okada removal as valid and legal

Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada Manila has fired back against a recent “status quo ante” order from the Supreme Court, which is claimed to restore former chairman and CEO Kazuo Okada to the company’s helm. 

U.S. Justice Department sues Steve Wynn, compels him to register as an agent of China

Steve Wynn, the founder and former CEO of Wynn Resorts has been sued by the U.S. Justice Department, and has been compelled to register as an agent of China for actions he allegedly took during the Trump administration.

Light & Wonder targets $1.4 billion EBITDA by 2025

Light and Wonder, formerly known as Scientific Games, is targeting a consolidated AEBITDA of $1.4 billion by 2025, as the company positions to capitalize on the lucrative cross-platform games market. 

China visa crackdown may wipe 20% off Macau revenue: Credit Suisse

China’s crackdown on frequent gamblers to Macau could wipe as much as 20 percent off total industry gross gambling revenue, Credit Suisse analysts wrote. 

PH Resorts in talks with creditors/investors after 1Q22 loss widens

PH Resorts announced its 1Q22 loss widened and said it’s in talks with creditors and potential investors to raise finance to fund its operations and complete its projects.

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