Wednesday, January 16, 2019
Novomatic MacGyver LB

Tag: Asia

Chinese firm looks to create $100m IR in Cagayan Economic Zone

DEVELOPMENT, Philippines,
Chinese conglomerate Shanghai Jucheng Supply Management Group is set to invest a $100m to develop an integrated resort and casino in the Cagayan Special Economic Zone and Freeport. Cagayan Economic Zone Authority (CEZA) administrator and CEO Raul Lambino said the Chinese group planned to create a project modelled on South Korea’s Jeju Island which would capitalise on north-eastern Luzon’s tourism...

Global Gaming Expo Asia gears up for 2019 with expanded offerings across a Bi-level Exhibition Space

G2E asia, The Venetian Macau
Global Gaming Expo (G2E) Asia, the leading Asian trade event and the largest regional sourcing platform for global gaming and entertainment products, will be returning to Macau from 21-23 May 2019 at The Venetian Macao. G2E Asia debuted in 2007 and is globally recognised as a one-stop platform for industry professionals to source new products, solutions and technologies, while forging...

Cambodia’s new gaming law potentially ‘transformational’

Cambodia, new gaming law, law, asia
Government representatives suggest that Cambodia’s new gaming legislation could be passed by 2019. Industry stakeholders have welcomed Cambodia’s draft gambling bill, suggesting the new legislation will lay the groundwork for the further development of the country’s gaming industry. While the Law on the Management of Integrated Resorts and Commercial Gambling (LMCG) still has a way to go before its passed, the...

G2E Asia Wins 2018 Outstanding Trade Exhibition Award at AFECA Asian Awards

G2E Asia AFECA Asia Awards
Global Gaming Expo (G2E) Asia received second place in the category of “Outstanding Trade Exhibition” award by the Asian Federation of Exhibitions & Convention Associations (AFECA). The 4th AFECA Asian Awards announced its 2018 recipients on October 24 at the Korean International Exhibition Centre (Kintex) in Goyang City, Korea. G2E Asia, a UFI-approved event, is a globally renowned, one-stop destination...

Asian Melco Resorts & Entertainments and Alphaslot to speak at GSA Technology Summit – Focus on Blockchain

Asia, Melco Resorts & Entertainments, Alphaslot, GSA Technology, Blockchain
The Gaming Standards Association (GSA) is set to welcome the industry to its first ever conference event: GSA Technology Summit – Focus on Blockchain. The event is scheduled for November 8-9, 2018 at the Nevada Museum of Art in Reno, Nev. GSA…

Pagcor u-turn on decision to privatise casinos

Pagcor, IRs, IGamiX, asia, philippines
Pagcor is not looking to sell casinos earlier targeted for privatisation just yet, according to the regulator-come-operator’s chairman and CEO Andrea Domingo. Domingo said the agency would continue its dual role as both casino operator and regulator “for the next few years, because are still profitable”. She highlighted that GGR from Pagcor owned and operated casinos goes directly to the...

Goa’s floating casinos granted six month reprieve

ICR 193 ASIA GOA
Goa's government has granted a six month extension for casinos operating on Mandovi River, Public Works Department minister Sudin Dhavalikar confirmed in late September. At present, the state is home to six offshore and 10 landbased casinos. The news came one day before the previous six-month extension, granted in April, was due to expire on 30 September. The latest extension...

GPI posts significant Asian revenue boost amid executive level shake up

financials transactions
GPI has announced its revenue for the second quarter of this year rose 51.6 percent from the prior year period, reaching $24.7m. The casino equipment supplier, which also listed outstanding signed orders totalling $21.5m, highlighted Asia as a key market, both currently, and in the future. “Sales in Asia came in at $6.8m, up from $2.1m in the year earlier,” said...

Regulatory changes make themselves felt in Kangwon Land’s Q2 results

Regulatory changes make themselves felt-1
Kangwon Land, South Korea’s only casino to accept local players, saw a 14 percent fall in net profit year on year for Q2 2018 as the impact of stricter regulations took its toll. The company reported that the net profit for the quarter…

Goa’s CM pushes forward with new casino policy

SD visits New Dehli, India
Goa’s chief minister Manohar Parrikar has confirmed that the government will go forward with plans to move the state’s floating casinos to a new designated gaming zone and appoint a regulator for the sector. Goa’s chief minister Manohar Parrikar has announced that six offshore casinos on the river Mandovi will be shifted to a designated gaming zone within four years....

Africa comment: Tax will make fools of us all

Kenya Parliament
In what for now ends one of the more frustrating will-they-won’t-they scenarios in Africa, the members of the Kenyan parliament have ratified a decision to financially maim its casino market and expect it to keep working. The powers that be have decided that the best way to support the underperforming sector is to uphold a 35 percent revenue tax and...

Pagcor confirms five casino proposals made prior to licence moratorium to go forward

ICR - Philippines regulatory asian
hilippine regulator-come-operator, Pagcor has clarified that a moratorium on further land-based casino licences in the country was intended to protect investments made by existing operators. Nevertheless, Pagcor’s president and COO, Alfredo Lim…

Imperial Pacific to request deadline extension

ICR-WEBSITE-IPI
Imperial Pacific International has confirmed that it will not finish construction of its Saipan integrated resort by the firm’s previous completion date of 31 August 2018, and has requested a deadline extension until December. IPI’s VP of Construction, Eric Poon, confirmed that the Imperial Pacific Resort had progressed from 45 percent to 68 percent complete in recent months. “The development of...

Genting Singapore flagged as leader for new Japanese market

ICR WEBSITE JAPAN
Following the much anticipated passing of the Integrated Resorts Implementation Bill by the Japanese Upper House on 20 July, competition to become the first licensed operator in the country has begun. With only three initial licenses predicted…

Genting Malaysia contributes heavily to group growth

Genting Singapore
The Genting Group has reported its first quarter revenue hit $1.3bn, a 10.1 percent rise on the same period last year. The increase comes despite net profit declining 9.8 percent, after one-off asset sales in Q117 added $97m to the figure for the period. In a statement to the Bursa stock exchange, the group added that the strong performance of subsidiary...

Legal experts suggest sub-concessions and satellite casinos could be reformed in Macau

ICR 190 ASIA MACAUCONCESSIONS
As the deadline for concession expiration in Macau nears, discussion among industry stakeholders regarding what the new concession process will look like and how many licences should be issued remains ongoing. As the deadline for concession expiration in Macau draws closer, there is ongoing debate in the local industry about what form the new concession process will take. Gaming concessions expire...

FunFair Technologies announces partnership with Asia-facing games developer Big Wave Gaming

FunFair
Leading decentralised B2B casino platform, FunFair Technologies, has announced a partnership with Sydney-based game developer, Big Wave Gaming. Big Wave will provide bespoke gaming content, targeted at the Asian market, on FunFair’s blockchain casino platform, kicking off with a version of Ch?-han, a popular Japanese dice game which sees players bet on whether two random dice will equal an even...

GPI showcase new currency and RFID solutions

GPI
Gaming Partners International brought its latest chips, cards and Smart RFID solutions to this year’s G2E Asia, emphasising its range of cutting-edge currency security features. The table game product supplier took to the exhibition to showcase what it termed its “newest, most innovative products.” “Currency security ranks high as a priority for gaming operators,” said a statement from the company. “GPI has...

Lawrence Ho: “It’s about building beyond gaming”

lawrence-ho-melco
Speaking during his opening keynote address at G2E Asia, Lawrence Ho, chairman and CEO at Melco Resorts and Entertainment highlighted what sets the company apart from its competitors, and gave an insight into his vision for the future. Back in 2008 our competition thought, ‘if you build it, they will come’. They set their sights low. I refuse to think...

New UnionPay restrictions raise concern in Macau

ICR 189 ASIA UNIONPAY
The removal of UnionPay point-of-sale machines in pawnshops and jewellery shops based inside and close-by Macau casino premises could signal a change in government policy, with analysts discussing the potential effects on the premium mass segment. Lack of clarity behind an apparent crackdown on use of UnionPay point-of-sale (POS) machines in pawnshops and jewellery shops in Macau has caused concern...

EGT reports first deals from G2E Asia

This year’s visitors of G2E Asia were welcomed with unique gaming concepts and design at Euro Games Technology’s booth. The shown wide-range exposition at one of the most awaited events in the industry turned EGT’s participation into a triumph: “We reaffirmed our serious intentions for development in Asia, gathered the first impressions of our products and became more insightful...

Goa, going, gone?

ICR 188 COMMENT EDITORSCOMMENT1
With the government dragging out plans to move the floating casinos on the Mandovi river to a new land-based entertainment zone, Edward Lowton asks what's on the cards for Goa’s gaming industry? The attitude of Goa’s government toward its gaming industry presents something of an enigma for the outside observer. While successive administrations have campaigned on an anti-casino platform, their...

Asia Round-Up: Donaco wins casino lease case; Grand Korea Leisure sees strong May results

ICR 189 ASIA ROUNDUP
In Cambodia, a court has prevented Donaco’s former partners in Star Vegas from terminating the casino’s 50-year land lease. In a filing to the Australian Securities Exchange, Donaco stated that the Banteay Meanchey Court of First Instance had granted an injunction preventing, Lee Hoe Property Co -owned by shareholders Somboon Sukcharoenkraisri, Techatut Sukcharoenkraisri and Bhuvasith Chaiarunrojh - from ending the...

EGT Interactive: Fostering strong relationships in Asia

Resolved to stake its claim of Asian markets, EGT Interactive makes its debut at G2E in Macau. With a network of land-based connections to leverage, and a flare for the personal touch, business development manager Irina Rusimova, says finding partners in Asia is not a question of if, but how many. iGAMING TIMES: Why is it important for EGT Interactive...

G+D Currency Technology highlights banknote processing solutions in Macau

ICR 188 G2EASIAREVIEW G+D
G+D Currency Technology returned to G2E Asia this year to demonstrate its range of banknote processing systems, having already established a significant position in the Macau market, as well as further afield. “G2E Asia has been a very good show for us and we’ve met with both new and existing customers,” said sales director Mila Leung. “In Macau, we're already working...

G2E Asia ‘extraordinary success’ for Abbiati Casino Equipment

ICR-Macau
Italian live gaming supplier, Abbiati Casino Equipment, has said this year’s G2E Asia show was an “extraordinary success for the company”, having presented its most recent products and technologies. “Asia is an extremely vibrant market for us and is strategically very important as our business continue to expand and develop. The G2E Asia show provides us with a unique opportunity...

Dallmeier debuts Smart Casino Solutions in Asia

ICR 188 G2EASIAREVIEW DALLMEIER
Dallmeier reported that its new Smart Casino Solutions were “extremely well-received” by visitors, during their launch at G2E Asia. “In recent years we have worked diligently and invested heavily in Research and Development, aiming to create innovative flexible solutions for the gaming industry as a whole, delivering comprehensive real-time hands on results,” said Konrad Hechtbauer, Project and Application Development director...

TCSJOHNHUXLEY premiers new bonusing system in Asia

For G2E Asia 2018, TCSJOHNHUXLEY presented the new Bonusing Rewards module for its Gaming Floor Live platform, and with new additions to its e-FX display range. TCSJOHNHUXLEY debuted the newest module for its Gaming Floor Live platform along with new additions to its e-FX display range at G2E Asia. The introduction of GFL Bonusing Rewards unlocks the potential of progressive mystery...

Betsoft Gaming wins prestigious B2B Platform Award at G2E Asia 2018

BSG_AWARD_PR_btn
Betsoft Gaming’s suite of content and support systems was named Best B2B Digital Platform and Software Solution at G2E Asia 2018. This year’s G2E Asia event ran in Macao, from 15 - 17 May, and competition was fierce – on the expo floor as well as in the prestigious category in which Betsoft emerged as winners. A major fixture on...

STAY CONNECTED

4,328FansLike
808FollowersFollow

SECTOR NEWS