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Genting Singapore Reports 85.5% Increase in Net Profit for Full-year 2022
Genting Singapore has reported an 85.5% increase in net profit for full-year 2022, at US$254.6 million. The casino operator reported that revenue increased 61.7% year-on-year to US$1.294 billion due to an increase in business volume.
The group’s cost of sales rose 51.7% to SGD1.12 billion. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was SGD774.2 million (US$579.5 million), compared to SGD448 million in 2021.
However, the group’s overall profit margin was impacted by higher utility tariffs, increased casino tax rates and accelerated depreciation on certain assets related to the renovation of one of its hotel properties and the expansion of Resorts World Sentosa.
Group-wide revenue in the six months to December 31 was SGD1.06 billion, compared to SGD663.1 million in the first six months, while second-half gaming revenue rose 58.6% from the first half to SGD753.7 million. Adjusted EBITDA in the second half stood at SGD505.4 million, compared to SGD268.7 million in the first six months.
The firm said it is cautiously optimistic of a full recovery in the medium term as flight capacity and economic uncertainties could moderate the pace of recovery.
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FBMDS expands Titan Series with Power Gacha: a slot title packed with magical engagement

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FBMDS proudly announces the launch of Power Gacha, the latest slot title joining its high-performing Titan Series collection. Designed to captivate players with cultural inspiration, engaging features, and massive win potential, Power Gacha is a new step forward in FBMDS’ mission to deliver slots that drive engagement and retention for online casino operators worldwide.
Power Gacha is a 6×5 tumble slot where each spin brings players closer to adventure. Featuring cascading wins, free spins, and multiplier drops ranging from 2x to 100x, this title keeps excitement high and loyalty growing. With a 96.54% RTP and up to 15,000x max win, operators can rely on a game that guarantees long-lasting engagement.
Key Features
- Tumble Mechanics: Winning symbols disappear and new ones cascade for non-stop play.
- Free Spins Mode: Triggered with 4+ Scatters, including retriggers and multiplier drops up to 100x.
- Buy Bonus & Ante Bet: Players can access Free Spins instantly or increase chances of triggering them naturally.
- Engagement Boosters: Scatter pays anywhere on the reels; all symbols count.
- Cross-Platform Optimization: Smooth gameplay across desktop, tablet, and mobile devices.
- Tournament Integration: Operators can set up competitions with global reach, multi-currency support, and tailored rewards.
“Power Gacha reinforces FBMDS’ strategy of reinventing the slot experience with feature-rich titles that boost both engagement and operator results. By blending immersive design with mechanics players love, we deliver reliable solutions for online casinos worldwide,” said Renato Almeida, Director at FBMDS.
With its cultural aesthetic, thrilling mechanics, and personalization options, Power Gacha strengthens the Titan Series’ positioning as a collection built for retention. Operators can leverage its proven features and tournament-ready tools to keep players entertained and loyal.
The post FBMDS expands Titan Series with Power Gacha: a slot title packed with magical engagement appeared first on European Gaming Industry News.
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Northern Lights Gaming names Ed Pattman as Head of Studio

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Popular online slot developer, Northern Lights Gaming, has continued to shake up its management team with the appointment of Ed Pattman as Head of Studio.
Ed has been with Northern Lights Gaming from day one, co-founding the company alongside Andrew Goodale back in 2017. Andrew recently left the studio to pursue new opportunities, with Chris Loftus taking over as CEO.
Ed has been pivotal in Northern Lights Gaming becoming the content powerhouse that it is today. Starting with a small office and two-person team, the studio now has a team of more than 30 and a portfolio of 40+ titles, including the hugely popular Unusual Suspects series.
Most recently, Ed has been working in the Game Producer role, overseeing the entire game development process. This includes taking each game from initial concept to final release, something he will continue to do as Head of Studio.
He will also be responsible for the developer’s creative and production teams, ensuring Northern Lights Gaming continues to deliver the quality and innovation it’s become known for.
Ed will be supported by Scott Newby, who takes on the role of Head of Games with expanded responsibility for leading the studio’s creative vision and product strategy.
Chris Loftus, CEO at Northern Lights Gaming, said: “Ed is one of the most talented and experienced game producers in the industry and has been a driving force behind some of the most successful titles in our portfolio.
“As Head of Studio, Ed will continue to play a hands-on role in the development of our games, while also overseeing our creative and production teams to ensure we continue to innovate and deliver quality games for operators and players.
“Northern Lights now has an incredibly strong senior team in place to lead the business forward, and with some truly epic games rolling off our production line in the coming months.”
Ed Pattman, Head of Studio at Northern Lights Gaming, added: “I’m so proud of what Northern Lights Gaming has achieved over the last eight years and couldn’t be happier stepping into the role of Head of Studio.
“It means I get to enjoy my passion for producing thrilling slot games while also contributing to the direction and growth of the studio that I co-founded with Andrew back in 2017.
“Andrew may have departed, but with a new management team in place, we will absolutely continue with our original mission to create epic slot games that put players on the edge of their seats, spin after spin.”
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Meridianbet Continues October’s Traditional Breast Cancer Prevention Campaign

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The gaming operator’s tech-enabled giving system reminds that corporate responsibility can scale without bureaucracy
When a woman in Montenegro called a clinic this October to book a free mammography through a gaming company’s prevention campaign, she didn’t fill out forms or wait for approval. She got an appointment date. The entire process took one phone call.
That simplicity is deliberate.
Meridianbet, operating under the publicly traded Golden Matrix Group (NASDAQ: GMGI), has spent four years building a charitable infrastructure that strips friction from giving.
The breast cancer screening program launched during Breast Cancer Awareness Month under the message “We Are With You” — offering 100 free examinations and 50 mammographies to women over 40 — demonstrates how the company deploys a system that now operates across 18 markets on three continents.
From Local Action to Global Infrastructure
The company completed 293 social responsibility actions in 2024, up from 257 in 2022. But the more revealing number is what happened inside those actions. Through a proprietary platform called Meridian Donate, Meridianbet customers can redirect portions of their activity into direct nonprofit funding. Last year, 43 campaigns ran through the system, reaching 212 organizations. That’s nearly double the 20 campaigns in 2023, when the platform covered eight markets.
The mechanism is straightforward. Customers scan a QR code or click a donation button embedded in the gaming interface. The platform routes funds to pre-vetted causes — maternity hospitals, literacy programs, basketball court renovations, environmental cleanups. No galas, no black-tie pledges, no months-long grant cycles.
Technology Meets Grassroots Execution
The company began testing the model in 2022 with 12 campaigns across six markets. Early projects included equipping maternity wards and funding youth sports programs. By 2024, the platform had expanded to 14 markets and supported work in healthcare, education, culture, and disaster relief.
One campaign tied donations to goals scored during the 2024 European Football Championship. Another linked contributions to Olympic medals won by athletes from countries where Meridianbet operates.
The Meridianbet foundation, established in 2020, now supports more than 40 healthcare facilities. In February 2025, it launched a book donation effort after an employee saw a social media post about underfunded libraries in Serbia. Within weeks, thousands of books had been collected and distributed across all 18 markets.
Employee participation is built into this structure as well. Staff identify needs in their regions, vet partner organizations, and often deliver aid themselves.
In 2024, employees logged 5,027 hours on community projects, compared to 3,084 hours in 2022. The company employs 39 people with disabilities, a figure that has grown modestly but consistently over three years.
Responsibility Embedded Into Business Operations
Meridianbet operates in a sector often scrutinized for social costs. The company has established internal standards that exceed local regulations, including mandatory responsible gambling training and customer-controlled betting limits.
It also participates in the UN Global Compact, aligning its programs with goals around education access, inequality reduction, and sustainable consumption.
The platform’s growth mirrors a broader shift in how corporations approach social responsibility. Traditional CSR often involves writing checks to established charities or hosting annual volunteer days. Meridian Donate embeds giving into the customer experience, creating a feedback loop where user engagement directly funds community projects. The model is scalable because it doesn’t require new infrastructure in each market — the technology travels, and local teams handle execution.
Scaling a Model Built on Simplicity
The company’s roadmap involves expanding health initiatives and environmental programs in 2025, with a focus on regions where it recently launched operations. It’s also exploring partnerships with larger NGOs to scale projects that have worked at the local level.
The breast cancer campaign continues through October and beyond. Appointments fill up as women call the clinic, no paperwork required. It’s a single program in one market, but it runs on the same infrastructure that moved aid to 212 organizations last year. That’s the model: build it once, deploy it everywhere, and let the numbers prove it works.
The post Meridianbet Continues October’s Traditional Breast Cancer Prevention Campaign appeared first on European Gaming Industry News.
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