Hong Kong-listed gaming services company Success Dragon International Holdings has started a corporate version of musical chairs after its key executives stepped down.

In a filing, the company announced that its chief executive, Jiang Dan, chairman Li Xuehua and non-executive director Jia Limin have resigned from their positions, effective June 7, 2017. Jiang and Li had just started in their respective positions in March.

The three executives resigned “to focus their time and effort on other business,” Success Dragon said in a statement.

Replacing Jiang and Li is Tan Teng Hong, who was appointed as chairman and executive officer effective June 7. The 41-year-ols is a member of the board of directors of Banque de Développement de Guinée in the Republic of Guinea. He currently holds a 2.93 percent stake in Success Dragon, according to the company.

A new group of lawmakers is attempting to get answers from the U.S. Internal Revenue Service on its tax requirements for digital currencies like bitcoin.

Representatives Jared Polis and David Schweikert, co-chairs of the Blockchain Caucus congressional group, recently penned a letter addressed to IRS Commissioner John Koskinen, urging the tax agency to “issue additional guidance on the tax consequences and basic tax reporting tax requirements for transactions using virtual currencies.”

“While the IRS has taken steps to provide some information to tax payers regarding the tax treatment of virtual currency, additional information and guidance could assist businesses that facilitate virtual currency transactions and purchases and individual tax payers to increase reporting on income gained or loss on virtual currency transactions,” the letter stated.

In their letter, the two lawmakers cited the recommendations made by the Treasury Inspector General for Tax Administration (TIGTA), which criticized the IRS in November for not doing enough when it comes to addressing income streams produced via cryptocurrency. Polis and Schweikert urged the IRS to “consider the recommendations of the TIGTA and take action based on those recommendations.”

The Philippine Amusement and Gaming Corporation has ordered Resorts World Manila (RWM) to indefinitely stop all its gaming operations in the wake of last week’s casino rampage that left 37 people, including the gunman, dead.

PAGCOR chairman has warned during Wednesday’s congressional investigation into the RWM attack that the state regulator will slap casino operator Travellers International Hotel Group, Inc. with “punitive measures” for its failure to comply with the state regulator’s security protocol.

In a statement issued by PAGCOR on Friday, PAGCOR has ordered RWM to “must cease and desist all gaming operations while investigation on its liability regarding the June 2 incident is on-going.”

PAGCOR warned that RWM will face additional sanctions if it will not comply with the state regulator’s order.

Tabcorp will have to wait for three more months to find out if its plan to form an Australian betting behemoth with rival operator Tatts Group will be allowed to go ahead.

The Australian Competition Tribunal has been scheduled to make a ruling on Tabcorp’s A$6.4 billion (US$4.82 billion) offer to buy Tatts Group by June 13, but Tabcorp said the competition tribunal pushed out the deadline to September 10.

The tribunal can only extend the deliberation period once, and has opted for the maximum three-month delay.

“[The tribunal] anticipates that it may need additional time to consult with parties to ensure that its final determination and reasons comply with the confidentiality regime established by the tribunal,” Tabcorp said in a statement.

Experience is the right word to describe the recent spate of World Series of Poker wins after Frank Kassela, David Pham, and David Bach all added to their previous hauls, and India won their first two bracelets in the Tag Team event.

Four World Series of Poker (WSOP) bracelet victories to catch up on before we head into the glory of the weekend, and we begin with a first for India.

Coming into the 48th Annual WSOP 1,329 gold bracelets had found new homes, but not one of them had ever ended up on the wrist of someone from India.

Now the second most populous country in the world has two.

In what could be described as a knee-jerk reaction to last week’s Resorts World Manila (RWM) casino rampage, Philippine legislators are now reviving an old proposal to impose a hefty entrance fee on locals going to casinos.

Interaksyon reported that Isabela House Rep. Rodolfo Albano has filed a bill seeking to impose a P3,000 entrance fee going to “any and all casinos and similar gaming establishments for the purpose of engaging in gambling and other related gaming activities.”

A similar piece of legislation sponsored by Misamis Oriental Rep. Peter Unabia wants to slap P3,500 casino entrance fee for local gamblers with gross income amounting to P50,000 and above. The bill, on the other hand, will spare foreign tourists from these fees as they will be allowed to enter all gambling facilities in the country for free.

The imposition of the fee, according to Albano, is to “ensure that persons entering any and all casinos have the resources to engage in any form of gambling and related activities” as well as “to strengthen the regulation of gambling activity in the country.”

Trouble is brewing inside Japanese gaming conglomerate Universal Entertainment Corp. as the company launches a probe against founder and chairman Kazuo Okada and another director over JPY2 billion (US$18.15 million) illegal fund outflows from its HongKong-based subsidiary.

Universal announced before the Japan Association of Securities Dealers Automated Quotation (Jasdaq) that the firm has suspended the leadership of Okada and Yoshinao Negishi, director and general manager of Universal’s Administrative Division pending the on-going investigation.

According to Universal, there is a possibility that Okada and Negishi committed fraudulent acts when a loan amounting to HKD135-million (US$17.3-million) was transferred to third party from Tiger Asia Resort, ltd on March 20, 2015.

The statement says that all but HK$5 million of the loan was subsequently transferred to Okada Holdings Limited, a company controlled by Okada and his son, and that the purpose of the loan was “to achieve personal benefit for Chairman Okada.”