VIP Play software defect caused $200K unauthorized player withdrawals

VIP Play, Inc.

Software defect on Aug 23, 2025 led to unauthorized withdrawals via payment processor.
Total unauthorized amount approximately $200,000; $27,000 recouped as of Sept 29, 2025.
Company expects to recoup majority of remaining balance in coming months.
Company believes defect not material to Q1 FY2026 results.
Applicable regulators notified; corrective actions completed.

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