日期: 2026年5月11日

(AsiaGameHub) -   Gambling is poised to become a key focus within a series of comprehensive reforms targeting Kenya’s tax system. A draft version of the country’s 2026 finance bill, submitted to the National Assembly, outlines intentions to reinstate a 20% withholding tax rate—reversing the decision made in October 2025 that had lowered it to 5%. The proposal also revises the timing at which this tax is applied. Previously, under changes introduced by the Finance Act 2025, the 5% tax was levied when a player withdrew funds from their betting account. If enacted, the 20% rate will be imposed on the net winnings—calculated as the amount won minus the stake placed by the player. The earlier move to reduce the tax rate was proposed by the Parliamentary Budget Office with the aim of increasing government revenue from Ksh 5.4 billion (£32.9 million) to Ksh 11.4 billion (£69.54 million). However, the swift reversal suggested by the current proposal indicates that the previous policy may not have achieved its projected success. In addition to changes affecting taxable winnings, the bill broadens the definition of taxable deposits to encompass “all funds intended for gambling purposes,” which are also subject to a 5% tax. The legislation states: “‘Amount deposits’ refers to the total value of money or equivalent assets transferred or otherwise provided for betting or gambling activities. This includes contributions made by either the player or the operator, whether in cash, cash equivalents, or through accounts managed by players, operators, or licensed entities. It also covers conversions into instruments such as chips, tokens, tickets, credits, or similar forms.” This revised definition expands the scope of taxable betting funds beyond the prior classification, which limited taxation to amounts deposited directly into a customer’s betting wallet. Unintended consequences Beyond direct increases in gambling-related taxes, the bill may also affect Kenya’s gambling sector through measures targeting mobile devices. If passed by Parliament and signed into law by President William Ruto, a 25% excise duty will be applied upon activation of mobile phones and associated communication devices. The rapid growth of gambling across Kenya and throughout Africa has largely been driven by rising access to mobile technology across the continent. Such a tax increase could elevate the cost of imported smartphones, potentially slowing the adoption of mobile devices in Kenya and, consequently, limiting the ability of the online gambling industry to reach new users. Regulatory changes take hold Kenya’s gambling market continues to implement reforms outlined in the Gambling Control Act, 2025—a legislative update designed to modernize the sector and replace outdated laws dating back to the 1960s. As part of these reforms, the Gambling Regulatory Authority (GRA) has been established to replace the Betting Control and Licensing Board (BCLB). In March, the GRA announced the appointment of Peter Maina Karimi as its new Director General, tasked with guiding the transition process. The updated Gambling Control Act provides technical guidelines governing betting operations, casinos, and lotteries, while also aiming to reduce social harms associated with gambling. Upon his appointment, Karimi pledged to introduce stricter controls against illegal gambling activities and enhance responsible gambling safeguards. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   As Canada’s iGaming sector continues to evolve, operators are under increasing pressure to streamline payment processes while adhering to rigorous compliance standards and mitigating rising fraud risks. The Payments & Compliance track at SBC Summit Canada will take place at the Metro Toronto Convention Centre from 19–21 May, focusing on how the industry is adapting. The event will convene operators, regulators, and technology providers to discuss strategies for developing efficient yet compliant systems. Throughout the track, sessions will address the growing complexity of anti-money laundering (AML) frameworks, the impact of payments on business performance, and the importance of enhanced coordination to safeguard the integrity of both sports and betting markets. The opening session, titled AML After the Audits: From Box-Ticking to Shared Infrastructure, will examine the industry’s shift toward integrating AML compliance into everyday operations. Panelists include Steve Armstrong (Chief Compliance Officer & Money Laundering Reporting Officer, FRL Compliance Solutions), Susan Bala (Co-Founder and Director, Advanced Compliance Technology), Dave Foppert (Senior Director of AML Compliance, DraftKings), Rebekah Jackson (Global Gaming Director, GBG), Chad Kornett (SVP, Geolocation, GeoComply), and Derek Ramm (Director, Kinectify). The discussion will explore the ongoing debate around AML risk ownership in Canada and approaches to maintaining compliance across provincial and federal regulations. It will also delve into Payment-led AML challenges and opportunities, along with balancing regulatory requirements with a positive player experience. Next, the session Payments That Perform: What Actually Moves the Needle in Canadian iGaming will focus on crafting an optimal payment journey for Canadian players. Participants Dami Amurawaiye (Head of Operations & Sportsbook, PointsBet), Nick Gunn (SVP of Growth, SEON), Kevin Jing (CFO, Hottakes), Gaurav Juneja (SVP and BU Leader, CGI), and Sam Kawsarani (VP Product, Paramount Commerce) will assess how to meet player expectations for speed, reliability, and familiarity in deposits and withdrawals. Further topics will include persistent friction in withdrawal processes and the operational challenges posed by banking volatility, fraud, and chargebacks—especially in a market where seamless payments are increasingly expected as standard. The presentation Protecting Sport Integrity in Canada’s Evolving Betting Market will analyze how the industry can more effectively combat competition manipulation within sports. Led by Scott Grant (Manager, Competition Manipulation, Canadian Centre for Ethics in Sport), attendees will learn about match-fixing mechanisms, key indicators for operators and regulators, and the value of improved collaboration in preventing and disrupting future manipulations. The track will conclude with a masterclass on quasi-gambling in Canada, presented by IMGL. Legal experts Danielle Bush (Partner, Segev LLP), Ron Segev (Founding Partner, Segev LLP), Jack Tadman (Principal, GME Law), and Kevin Weber (Partner, Dickinson Wright LLP) will review the legal landscape of prediction markets, sweepstakes, mystery boxes, and skill-based games. They will analyze recent high-profile cases and consider potential future developments in Canadian quasi-gambling legislation. The Payments & Compliance track is one of six conference tracks at SBC Summit Canada this year. Additional tracks include Leaders in Sports Betting & Casino, Leaders in Land-Based and Lottery, Affiliates and Advertising, Player Protection, and Cybersecurity. Masterclasses on land-based and online casino strategy will also be offered across both days. Secure your tickets for SBC Summit Canada today. VIP Event Pass – Access to the exhibition hall, all conference sessions, and evening networking events for CA$995. Group VIP Pass – Purchase three or more VIP passes and each pass is priced at CA$795—ideal for teams. Complimentary passes are available for operators and affiliates upon application. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Indonesian police conducted raids resulting in the arrest of over 300 foreign nationals suspected of involvement in illegal online gambling activities. Among the 321 individuals detained in Jakarta, 228 were identified as being from Vietnam, according to a report by AP News. An additional 57 suspects were from China, while the remaining individuals originated from Laos, Myanmar, Thailand, Malaysia, and Cambodia. Wira Satya Triputra, Director of General Crimes at the Indonesian Police, stated that the gambling operation, situated near Jakarta’s Chinatown, operated more than 70 online gaming websites aimed at international players. He added that employees within the operation were assigned various roles, including customer service, telemarketing, and financial administration. Evidence indicated that the establishment had been operational for approximately two months. During the raid, authorities seized assets such as cash in multiple currencies, computers, mobile phones, and passports. The Indonesian Police believe that most of those arrested entered the country using short-term visitor visas. All forms of gambling are prohibited in Indonesia, and those apprehended could face up to nine years in prison along with a fine of 2 billion rupiah (£85,352). Part of a wider strategy to fight unlicensed gambling Despite the ban, Indonesian authorities have had to address the extent of the nation’s underground gambling market. The Financial Transaction Reports and Analysis Centre (PPATK) of Indonesia estimated that 422.1 million online gambling transactions occurred in 2025, with total deposits amounting to 36 trillion rupiah (£1.52 billion). It is believed that many of the sites targeting players in Indonesia and across Southeast Asia are based in neighboring countries such as Cambodia and Myanmar. However, Untung Widyatmoko, secretary of Indonesia’s Interpol bureau, noted that these recent arrests, alongside the uncovering of transnational crime organizations in other regions of Indonesia—including Surabaya, Bali, and Batam—reflect a shift in criminal behavior as law enforcement in other nations intensifies its efforts. He told local news outlet Kompas: “Following enforcement actions in Cambodia, we observed a migration toward Indonesia, which we had anticipated.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Chile's Supreme Court is confronting additional legal repercussions regarding the implementation of restrictions on online gambling operators. Last week, SubTel, the national telecommunications regulator, announced it would cease efforts to block access to unlicensed gambling websites. The agency conceded failure, explaining it could no longer rationalize allocating resources to maintain court-ordered IP blocks obtained for the benefit of Polla Chilena and other municipal gambling entities. In 2023, Polla Chilena secured a federal appeal ruling aimed at imposing restrictions on online gambling operators, as the Chilean government continued to struggle to conclude a long-awaited online gambling regulatory framework. This appeal was contested by Chilean media stakeholders and eventually reached the Supreme Court. The high court ruled that "online gambling in Chile is illegal unless expressly authorised by law" and instructed telecommunications providers to block offshore betting sites—a mandate SubTel was tasked with enforcing. Unable to continue this duty, SubTel pointed out that "these operators simply shifted to new domains once blocks were imposed," revealing that the court order focused on website addresses instead of the underlying betting platforms. This position was communicated to the Supreme Court by Romina Garrido, Chile's Undersecretary of Telecommunications, who stated the agency could no longer uphold the restrictions secured by municipal operators like Polla Chilena. Garrido cautioned that the enforcement actions were draining significant resources from an already overburdened agency, which is also entangled in the protracted stalemate over Chile's online gambling regulation. Addressing the Constitution Committee of the Chamber of Deputies, Garrido emphasized that SubTel was never an official party to the legal case and thus lacked direct authority to execute the ruling, beyond facilitating technical compliance with telecom firms. Nevertheless, Supreme Court justices inquired if any of the "blocking campaigns had produced meaningful results." The breakdown of this enforcement approach has deepened political rifts concerning Chile's gambling future. Some deputies insisted the Supreme Court's ruling must be upheld despite practical obstacles, while others contended the focus should return to restarting Chile's journey toward establishing a regulated online gambling market, similar to progress seen in other South American nations like Brazil and Colombia. Jaime Mulet, President of the Finance Committee, advocated for ongoing oversight of the issue, asserting that judicial rulings "must be complied with," even as the practical enforcement difficulties grow more apparent. Conversely, Evópoli deputy Jorge Guzmán contended that Chile's main objective should be progressing regulation through Congress, instead of compelling SubTel to wage a technologically futile battle against offshore domains. Kast commences austerity negotiations Focus now shifts to the new cabinet of President José Antonio Kast, who took office in March 2026. Kast leads the "Republican Alliance," the conservative coalition in the National Congress. However, reports indicate the four-party coalition bloc is deeply divided on the regulatory approach for online gambling in Chile. The disagreements revolve around the licensing framework of Chile's online gambling bill. Some ministers aim to protect online privileges for municipal operators while restricting the number of licenses available to international firms. There are growing concerns that Kast may leverage the finalization of Chile's online gambling framework as a negotiating tool to advance the severe spending cuts that were a cornerstone of his 2025 election platform. Aligning with other conservative South American administrations, Kast has pledged to review unnecessary agencies and policies considered impediments to economic growth. The President seeks to implement a 3% spending reduction across all Chilean public departments. In his first year, Kast targets cost savings of $8 billion, with projections suggesting annual savings could reach $21 billion by the next election. For Chile's Supreme Court, SubTel's admission serves as a sobering reality check. While the judiciary successfully declared offshore online gambling illegal, the practical capacity to enforce that decision in a borderless digital environment now seems increasingly constrained. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   The Supreme Court of Chile is facing increased legal repercussions due to the implementation of restrictions on online gambling operators. Last week, SubTel, Chile’s national telecommunications agency, announced that it would no longer pursue efforts to block access to unlicensed gambling websites. The agency has conceded defeat, stating that it can no longer justify allocating resources to maintain court-ordered IP blocking measures that were secured in favor of Polla Chilena and other municipal gambling operators. In 2023, Polla Chilena won a federal appeal ruling aimed at imposing restrictions on online gambling operators, as Chile’s government continued to struggle with finalizing terms for a long-delayed online gambling framework. The appeal was contested by Chilean media stakeholders and later taken to the Supreme Court, which ultimately ruled that “online gambling in Chile is illegal unless expressly authorized by law” and ordered telecom providers to block access to offshore betting sites—a directive to be enforced by SubTel. Unable to fulfill this mandate, SubTel cited that “these operators simply shifted to new domains once blocks were imposed,” revealing how the ruling targeted web addresses rather than the betting platforms themselves. The message was delivered to the Supreme Court by Romina Garrido, Chile’s Undersecretary of Telecommunications, who stated that the agency could no longer sustain restrictions established by municipal operators such as Polla Chilena. Garrido warned that enforcement actions were consuming significant resources from an overstretched agency already caught in the prolonged stagnation of Chile’s online gambling regulation debate. Appearing before the Constitution Committee of the Chamber of Deputies, Garrido emphasized that SubTel was never formally a party to the legal proceedings and therefore lacked direct authority to enforce the ruling beyond coordinating technical compliance with telecom providers. Despite this, Supreme Court judges inquired whether any “blocking campaigns had produced meaningful results.” The failure of the enforcement strategy has intensified political divisions regarding Chile’s gambling future. Some deputies argued that the Supreme Court’s ruling must continue to be enforced regardless of operational challenges, while others maintained that the focus should shift toward restarting Chile’s process of establishing an online gambling regime, following developments in other South American countries (Brazil and Colombia). Jaime Mulet, President of the Finance Committee, defended continued scrutiny of the matter, stating that judicial rulings “must be complied with,” even as the practical limitations of enforcement become increasingly evident. In contrast, Evópoli deputy Jorge Guzmán argued that Chile’s priority should be advancing regulation through Congress, rather than forcing SubTel into a technologically unwinnable campaign against offshore domains. Kast begins austerity negotiations Attention now turns to the new cabinet of new President José Antonio Kast, who assumed office in March 2026. Kast leads the “Republican Alliance,” the conservative coalition in the National Congress. However, on gambling policy, the four-party coalition bloc is reported to hold deep divisions over the regulatory approach to online gambling in Chile. The divisions center on the licensing structure of Chile’s online gambling bill, with some ministers seeking to preserve online privileges for municipal operators while limiting the number of licenses granted to international operators. Concerns are emerging that Kast could use the resolution of Chile’s online gambling framework as a bargaining chip to support the drastic spending cuts budget that formed the centrepiece of his 2025 election campaign. Mirroring other conservative South American governments, Kast has stated that he will undertake a review of unnecessary agencies and policies deemed to hinder economic growth. Overall, the President is aiming to impose a 3% reduction in spending across all Chilean public departments. In year one, Kast aims to generate cost savings of $8bn, with the figure projected to rise to $21bn annually by the time of the next election. For Chile’s Supreme Court, SubTel’s admission represents an uncomfortable reality check. While the judiciary succeeded in declaring offshore online gambling unlawful, the practical ability to enforce that judgment in a borderless digital marketplace now appears increasingly limited. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   The Australian Communications and Media Authority (ACMA) is reportedly investigating Entain Australia & New Zealand after the operator allegedly sent emails to inactive customers warning them that they must place a bet or face monthly inactivity fees. According to the Sydney Morning Herald, the Ladbrokes Australia brand also failed to disclose to customers their legal right to close their account via the government’s self-exclusion platform, BetStop, and have any remaining balance returned. This latest development follows Entain’s recent involvement in a court-enforceable undertaking after more than 500 breaches of national self-exclusion rules were uncovered during a separate ACMA investigation. The Sydney Morning Herald reported that Entain sends these emails to customers who have been dormant for 18 months, informing them that a $5 per month fee will be applied to their account for holding funds. The report added that the ACMA confirmed it is reviewing whether these emails violate requirements to promote BetStop. Inactivity email BetStop mandates that operators in Australia close accounts of any customer who registers for self-exclusion and return any remaining balance to them, while also preventing them from opening new accounts. Operators are also required to inform customers about BetStop services in all electronic communications related to gambling promotion or advertising, including activity statements. According to the news outlet, Ladbrokes emailed a customer who had not placed any recent bets. The operator reportedly stated that it “wanted to remind” the customer that, after 18 months of no betting activity, “an account is deemed inactive and an inactive account fee of $5 (or your remaining balance if less than $5) will be charged”, with the fee continuing monthly thereafter. The email also reportedly indicated that if wagering activity occurs before a certain date, the account would not be considered inactive and no deductions would be made. The Sydney Morning Herald further noted that if a customer’s balance “includes money they deposited but never wagered, Ladbrokes does not allow them to simply withdraw it”, as all deposited funds must first be used on a bet. “Neither of the inactivity emails mention BetStop, nor the ability for a customer to have their funds returned to them without placing further bets,” the news outlet said. SBC Media has reached out to Entain for comment on the Sydney Morning Herald report regarding dormant customers and inactivity fees. Entain’s over 500 self-exclusion breaches The report on dormant customers and inactivity fees comes just days after the operator committed to ‘meaningful’ improvements to its player protection measures, following an ACMA investigation that identified over 500 self-exclusion violations. The ACMA investigation found that Entain had: Opened accounts and allowed wagering for individuals registered with BetStop. Opened new accounts for people registered with BetStop. Failed to adequately promote BetStop in customer texts and emails. ACMA has accepted a comprehensive 18-month court-enforceable undertaking from Entain, requiring the company to commit to an independent review of its compliance systems and processes, and implement any recommended improvements. An Entain Australia spokesperson commented in response to the ACMA investigation: “We take all our regulatory responsibilities seriously. These matters arose during the early stages of a new national system, and we have worked constructively with the ACMA to implement meaningful enhancements to our processes and controls. “Our focus is on getting this right for our customers, particularly those who choose to self-exclude, and on building long-term trust through a strong, compliance-led culture.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   After six months of searching, Ainsworth Game Technology (AGT) has appointed Ryan Comstock to serve as its permanent Chief Executive Officer, ending the acting role he had held since October. Comstock assumed the interim CEO position following the resignation of Harald Neumann, whose tenure became untenable after the Nevada Gaming Control Board (NGCB) declined to grant him a gaming license in Austria. In October, AGT announced it would conduct a comprehensive search for a new CEO, evaluating both internal and external candidates. Prior to his appointment as Acting CEO, Comstock served as the company’s Chief Operating Officer since 2018. Before joining AGT in 2012, he worked for nearly a decade with Deloitte’s audit and assurance practice, where he specialized in serving gaming, manufacturing, and technology companies. A statement from AGT explained that the board determined Comstock possessed the necessary attributes and operational experience across all areas of the company to assume the CEO role. The board reviewed his performance over the six-month period since his appointment and considered his extensive knowledge of all operational functions, along with initiatives he led during that time. Public grilling Neumann, former CEO of Novomatic, stepped down after a contentious public hearing before the NGCB. He was criticized for appearing hostile and confrontational toward board agents during the vetting process, and officials noted that he failed to provide direct answers to their questions. The board also examined his prior relationship with an AGT employee in Australia. While Neumann described their interactions as consisting only of several dinner meetings, he admitted they violated AGT’s fraternization policy. “I think the totality of the circumstances has left you unable to meet your burden to prove suitability at this moment,” stated Nevada Board Chair Brian Dreitzer during the hearing, adding that he expressed serious concerns about Neumann’s conduct toward agency personnel. A blow to Novomatic Neumann was brought on as CEO of AGT in 2021 with the goal of advancing Novomatic’s efforts to gain control of the ASX-listed company. Following an unsuccessful initial takeover attempt last year, Novomatic continued its campaign through an off-market bid, raising its stake to approximately 67% at the time of reporting. However, the Austrian gaming giant’s offer to purchase all remaining shares at AU$1 (£0.53) per share fell short of gaining full control in February due to insufficient shareholder support. In response, Kjerulf Ainsworth—son of AGT founder Len Ainsworth—launched a competing offer of AU$1.30 (£0.69) per share in an effort to increase his own holdings. Ainsworth has been a vocal critic of Novomatic, repeatedly asserting that its bid significantly undervalued AGT. The most recent of his offers concluded on April 27, leaving him with an 8.24% stake in AGT. Australian Stock Exchange regulations have barred Novomatic from making another offer within four months of its latest proposal. With this cooling-off period set to expire next month—and given the financial commitments already made—it is anticipated that Novomatic will initiate a new bid for complete ownership during the second half of 2026. Nevertheless, considering both the previous failure of its offer and those by Kjerulf Ainsworth, it is evident that a substantially improved proposal will be required to attract the support of AGT’s minority shareholders. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   The Star Entertainment Group has fully completed the refinancing of its debt, securing US$390 million (approximately A$540 million) from WhiteHawk Capital Partners. In response, the Australian casino operator is advancing its remediation plan to satisfy regulatory requirements as part of a broader strategy to enhance compliance and operational efficiency. The Star remediation plan The Star has faced significant regulatory scrutiny in recent times, but continues to implement measures aimed at strengthening its compliance framework. The successful debt refinancing enables The Star to move forward with its remediation initiatives, aligning with directives from the New South Wales Independent Casino Commission (NICC) and the Office of Liquor and Gaming. These include ‘decentralising the group’s operating model to increase accountability and efficiency at individual property levels for business performance’, alongside technology upgrades designed to ‘foster safer gambling practices and ensure continuous, appropriate oversight’. This development occurs during a critical phase. In March, the NICC renewed the suspension of The Star Sydney’s casino licence, with Nicolas Weeks remaining in charge of operations until 30 September 2026, unless earlier terminated. The Star stated in a press release: “The reinstatement of The Star Sydney’s casino licence and the Queensland Government’s withdrawal of the deferred suspension on The Star Gold Coast’s casino licence are still subject to ongoing discussions with the relevant regulators; an update is anticipated later this year.” Additional liquidity for The Star The operator first established a binding credit facility with WhiteHawk at the end of March. However, as outlined in the latest announcement, the three-year agreement provides for an ‘annual interest rate based on Term SOFR plus a margin, resulting in an interest rate that closely matches those under previous credit facilities’. Other key terms of the agreement include: Quarterly amortisation commencing on 31 March 2027. A minimum liquidity covenant of A$50 million for the first 12 months post-financial close, increasing to A$75 million between months 12 and 18, and further rising to A$100 million thereafter. A minimum asset coverage ratio of 1.40x, calculated based on the fair market value of secured assets relative to the outstanding principal. Based on valuations conducted prior to financing, the company expects it will comply with the coverage ratio, with the initial test scheduled for 31 December 2026. Minimum EBITDA covenant effective from 31 March 2027. An interest reserve account funded with the first 12 months of interest payments. Standard covenants, representations, undertakings, events of default, and review events—including customary financial covenants and reporting obligations. With the refinancing concluded and the required interest reserve account established under the facility, The Star reports it now holds approximately A$130 million in additional liquidity. This capital will support ongoing operations, cost reduction efforts, and strategic projects. EBITDA remains negative Last month, The Star released its third-quarter results for the period ending 31 March 2024, revealing early signs of progress from its cost-cutting actions. While EBITDA improved significantly compared to the same quarter in the prior year, it still reflects a loss. These improvements stem from several initiatives, including the WhiteHawk refinancing, a binding long-term arrangement with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited concerning the Queen’s Wharf Brisbane and Gold Coast resorts, and organisational streamlining within corporate offices. These measures follow new leadership after Bally’s Corporation and Investment Holdings completed their A$300 million strategic investment late last year. The Star commented in its report: “Further initiatives—such as optimising administrative functions across each property and identifying opportunities to reduce indirect costs and supplier expenses—are being pursued to drive long-term financial sustainability and strengthen the group’s overall financial position.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.