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Philippine senator calls for POGO ban due to fugitive concerns

The Philippine Senate Deputy Minority Leader Risa Hontiveros is urging for an immediate halt to the operation of Philippine Offshore Gaming Operators (POGOs) within the country, citing concerns that human trafficking is intertwined with its business operations.

According to the Philippine News Agency, during her inspection on Wednesday, together with Senator Sherwin Gatchalian, Hontiveros visited a POGO firm in Bamban, Tarlac, which had been raided for human trafficking and illegal detention.

She stated that scammer syndicates exploit POGO operations, using them as a legal facade. Even though POGOs are legal, their presence “never made the Philippines any better,” she claims.

During the inspection, the Philippine Anti-Organized Crime Commission briefed the senators that six Chinese fugitives engaged in love scams and cryptocurrency investment scams were discovered on the premises.

Additionally, phones suspended on metal racks were uncovered, along with numerous SIM cards, likely utilized in carrying out fraudulent transactions.

Senator Hontiveros observed that the purported POGO hub in Bamban, resembling other raided scam facilities, featured offices equipped with computer workstations along with instructional materials and scripts utilized in love scams and crypto schemes.

On Tuesday, the official submitted Senate Resolution No. 1001, urging an investigation into foreigners obtaining Filipino citizenship through falsified documents.

The resolution referenced findings from the Senate Committee on Women, Children, Family Relations, and Gender Equality, highlighting the abuse of the Visa Upon Arrival scheme by Chinese POGO workers seeking unchecked entry into the Philippines.

The Senate is divided over support for gaming operations, in particular online, given the spate of recent incidents. However, PAGCOR and gaming-supporting officials have recently highlighted the efforts to crack down on bad actors and clean up the industry, noting its strong economic contribution and job creation.

Top court rules Universal Entertainment CEO guilty of breaching fiduciary duty

Universal Entertainment Corp

Japan’s Universal Entertainment has faced a legal setback, after the Tokyo High Court delivered a verdict against its founder and CEO, Jun Fujimoto, in a shareholder lawsuit.

The lawsuit, filed by a shareholder on August 26th, 2019, accused Fujimoto of causing the company to transfer $4.34 million outside its purview without proper justification or adherence to internal protocols.

On June 30th, 2022, the Tokyo District Court had dismissed the claim, stating that the company had followed necessary procedures and that Fujimoto’s decision was not materially unreasonable.

Unsatisfied with the ruling, the plaintiff appealed to the Tokyo High Court, which issued its judgment on April 25th, 2024.

Contrary to the earlier decision, the High Court held Fujimoto responsible for breaching his fiduciary duty as a director, ordering him to compensate the company for the aforementioned amount along with corresponding penalties for delay.

In response to the ruling, Universal Entertainment stated it would carefully review the court’s decision before determining its next steps.

Additionally, the company mentioned a separate defamation case filed against one of its shareholders, which was examined alongside the previously mentioned lawsuit. The company’s claim in this matter was denied, prompting plans to file an appeal.

‘The repercussions of these legal developments on Universal Entertainment’s business performance remain uncertain. The company has assured stakeholders that any significant impacts will be promptly disclosed as required,’ Universal pointed out.

Aristocrat concludes NeoGames acquisition, launching Aristocrat Interactive

Aristocrat NeoGames

Aristocrat Leisure Limited has officially concluded its acquisition of Neo Group Ltd, formerly known as NeoGames S.A., in a deal the company described as a ‘significant milestone’ in its expansion strategy.

The acquisition, initially proposed in May 2023, received ‘overwhelming’ support from NeoGames shareholders during the company’s second shareholder meeting on April 26 of this year.

The deal is expected to be worth some $1.2 billion for NeoGames, with a premium of approximately 104 percent on its share price.

NeoGames is mostly focused in content and technology solutions for online Real Money Gaming (RMG), iLottery, iGaming, and Online Sports Betting (OSB).

In an announcement, Aristocrat added that the integration of NeoGames into its operations would help amplify its gaming content, customer base, and operational capabilities across diverse channels and geographies.

As part of the deal, NeoGames will transfer its office from Luxembourg to the Cayman Islands, with a wholly-owned subsidiary of Aristocrat merging with the company and NeoGames being the ‘surviving company and a wholly owned subsidiary of Aristocrat’.

Following the merger, NeoGames will become a privately-held company and will no longer be listed on any public market.

The combined entity will operate under the name Aristocrat Interactive, with Moti Malul, former CEO of NeoGames, appointed as CEO of Aristocrat Interactive.

As part of the transition, Mitchell Bowen, CEO of Anaxi, will step down from his executive role, effective immediately. Bowen will continue to support the company in an advisory capacity until the end of 2024.

Aristocrat CEO Trevor Croker expressed enthusiasm for the acquisition, emphasizing its role in enhancing the company’s capabilities and global reach in the online RMG industry.

Croker commended Malul’s appointment and welcomed NeoGames’ team into the Aristocrat family, while also acknowledging Bowen’s significant contributions to the company over nearly two decades.

“The acquisition of NeoGames and its leading global online RMG platform adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end-to-end solutions for iGaming, iLottery and OSB operators globally,” Croker pointed out in the announcement.

1xBet reached the Global Gaming Awards Asia-Pacific 2024 final

1xBet, Global Gaming Awards

1xBet company will compete for victory in the Digital Sports Betting Operator category. An authoritative jury of the gaming industry’s 30 leading representatives in the Asia-Pacific region will select the winners. They will be announced at a special ceremony on June 4 at SMX, Manila’s largest expo center.

“We are proud to be shortlisted for such a prestigious award and are grateful to the professional community for the high appreciation of our work. The business potential in Asia is enormous and it is important for us to be on the list of the best here. The nomination once again emphasizes that our company creates a world-class product that is of interest to customers on all continents,” noted 1xBet representatives.

Let us remind you that 1xBet has already won several prestigious international awards this year. The company was recognized as the Best Sportsbook Operator of the Year at the SiGMA Africa Awards 2024, won the title of Affiliate Company of the Year at the International Gaming Awards 2024, and won the “Best Mobile Casino” award at the SiGMA Eurasia Awards 2024.

About 1xBet 

1xBet is a world-famous company with 17 years of experience in the betting and gambling industry. The brand’s customers can bet on thousands of sporting events or play hundreds of online games from top providers, and the company’s website and app are available in 70 languages. The official partners of 1xBet include FC Barcelona, Paris Saint-Germain, LOSC Lille, La Liga, Italian Serie A, and other popular sports brands and organizations.

A complete guide to the 1xBet, affiliate program

The company has repeatedly become a nominee and winner of prestigious professional awards, and the bookmaker’s platform is visited every month by more than 3 million players from all over the world.

About Global Gaming Awards

The Global Gaming Awards is considered one of the world’s most prestigious awards in the betting and gambling industry due to its strict selection and voting procedures. The organizers of the award are Gambling Insider and Gaming America, the leading media dedicated to gambling.

Daily Asia Gaming eBrief: High-level iGaming executives in demand

C-level iGaming executives in high demand, Ellen Frojd at ASEAN 2024

Good Morning. It’s nice to feel wanted, and that’s exactly the love that high level iGaming executives are feeling right now, as recruitment for top positions continues to excel. SmartRecruitment.com’s CEO notes that many of these individuals aren’t present on social media, making the person-to-person contact even more essential. Meanwhile, in Malaysia the Prime Minister has sought to shut down previous reports that the country would seek a second casino license for Forest City, saying “that’s a lie”.

What you need to know


On the radar


AGB Intelligence

FACE TO FACE

C-level iGaming executives in high demand

Recruitment in the iGaming sphere has never been more important than now, as companies both try and move into the Asian gaming sphere and try and tap the Brazilian and LatAm market. Ellen Fröjd, CEO of SmartRecruitment.com, points out what is most in focus and why mid- and high-level executives are in demand and how AI is being implemented – but can never replace human nuance.


Corporate Spotlight

Fast Track leading digital transformation in Asia’s iGaming sector

Fast Track, Igaming CRM, Asia

Fast Track is setting new standards in CRM for the iGaming industry across Asia, as underlined at the ASEAN Gaming Summit 2024. Harnessing the power of real-time data, AI-driven automation, and personalized player engagement, Fast Track’s innovative solutions are responding to the industry’s expansion and actively shaping its evolution.

A complete guide to the 1xBet affiliate program

A complete guide to the 1xBet, affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.


Industry Updates


MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS

Sportradar appoints Craig Felenstein as Chief Financial Officer

Sportradar, Craig Felenstein, Chief Financial Officer

Sportradar Group AG has announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1st, 2024.

Felenstein joins the Company from Lindblad Expeditions where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl.

Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein served as Chief Financial Officer at Lindblad Expeditions, a global leader in expedition cruises and adventure travel, where he oversaw the company’s global finance organization, as well their corporate development, information technology and human resources functions.

In his role as Sportradar’s Chief Financial Officer, Felenstein will lead the company’s global finance, accounting and investor relations functions. Felenstein has a unique blend of financial rigor and operational insight and will partner with the rest of the executive leadership team to advance the company’s key strategic initiatives and grow the business while maintaining strong relationships with the investment community. He will be based in New York.

Carsten Koerl, CEO, Sportradar said: “With Craig’s deep international experience and successful track record building finance organizations as a CFO at US listed public companies, I am confident that he will be a strong addition to our team. His track record of helping drive financial strategy and building shareholder value will be instrumental to our continued success. We want to express our deep gratitude to Ger Griffin for his meaningful contributions to Sportradar during a transformational growth period for our Company.”

Exciting partnership announcement: PopOK Gaming x Cactus Gaming

PopOK Gaming and Cactus Gaming are happy to announce a dynamic partnership that promises to elevate the gaming experience to new heights!

“We couldn’t be more excited to join forces with PopOK Gaming,” says Alessandra Abreu, Executive at Cactus Gaming. “Together, we’re ready to redefine the gaming landscape and bring unparalleled entertainment to players around the world.

Marina Mirzoyan, Head of Business Development at PopOk Gaming, shares the sentiment: “This partnership marks a significant step forward for us. With Cactus Gaming’s expertise and our innovative gaming solutions, we’re poised to create groundbreaking experiences that will captivate audiences everywhere.”

C-level iGaming executives in high demand

Recruitment in the iGaming sphere has never been more important than now, as companies both try and move into the Asian gaming sphere and try and tap the Brazilian and LatAm market.

Ellen Fröjd, CEO of SmartRecruitment.com, points out what is most in focus and why mid- and high-level executives are in demand and how AI is being implemented – but can never replace human nuance.


We’re joined today by Ellen Fröjd, CEO of Smartrecruitment.com. Thank you for being with us.

Thank you so much for having me.

From our view, and being a recruitment agency, we see much more international companies opening up businesses here in Manila, either focusing on the full commercial teams or more on the support functions, I would say. We have understood that they are choosing Manila because most of the clients are based in Manila, or in other countries nearby, Southeast Asian countries, which obviously makes Manila a very convenient travel hub in that sense.

Another thing that I think is worth mentioning is also the cost question. These companies do tend to hire expats as well here, it is more cost effective, rather than flying in people from Europe. And having a local presence here as well makes it easier for them to go more to the face-to-face meetings with clients more frequently, which is always very important in the terms of the business that we are in.

So, we also see growing demands for our services for newer markets in Asia, and just outside of Asia, which is Bangladesh, Pakistan, Laos, and Myanmar. And they’re hiring for roles like business development managers, marketing managers, key account managers. Also worth mentioning, Japan has been a popular market for some time, and it continues to be so as well, for us at least for what we can see from the demand from our clients, both from the B2B as well as the B2C side.

For the type of people that are being procured by the recruiters, is it more of the top management? Or is it kind of more of the account representatives?

Speaking from our perspective, being an agency, we’re mainly working with mid-level to C-level positions. This is where we see the demand still being at its highest. While companies tend to – when it comes to more junior positions, or entry level positions – they tend to use either internal recruiters or non iGaming focused agencies to support those roles.

But we see a notable increase in demand for our services for more C-level positions for these companies in various departments. It can be in finance, it can be in commercial, it can be in operations. And this is a trend that we have been seeing growing quite steadily for the past couple of years, which most likely is because of the fact that the companies here are also growing, and they are in need of such roles at this stage.

These Asian operators themselves, who are they looking for? Is it for certain area, is it a certain type, is it a certain background, a certain profile? What are they looking for?

Through the work that we’ve done from the clients that we do have here, it’s a very high focus on the commercial teams, as I mentioned earlier, so it’s a lot of positions in terms of marketing directors, business development managers, country directors, commercial directors, also a lot of the C-level roles, as I mentioned, you know, CMO, CCOs, CEOs. They are also, as I mentioned briefly earlier, hiring more for the support functions as well.

But at Smartrecruitment.com, we mainly work with mid-level to C-level positions. So that’s really where our focus is. But I will say overall, they are looking for very senior candidates from the iGaming industry that have a very strategic mindset, because they needs someone to basically come in and direct them and then lead their way into Asia – both for new companies coming in that need this but also for already established companies that are here that are looking to grow their market share.

There’s been a lot of focus on the Asian market, as there’s been a lot of growth, whether we see that within the Philippines and other markets, but then there’s a huge interest in LatAm and Brazil. Is there any crossover in terms of the recruitment which is happening for Asia and for LatAm and Brazil?

From our view, the focus remains the same – with an equal if not even increased demand for services in Asia. As I mentioned earlier, we have companies looking into new markets in Asia like Pakistan, Bangladesh, Myanmar, etc. But of course, we’re also observing the growing trend of companies, platform providers, Asia operators, venturing into the Latin American markets, specifically for Brazil.

So, whether it’s a casino operator, a game provider, or a sports book platform provider, for example, they’re all seeking commercial experts who will be spearheading their LatAm expansion. And obviously, also with the legalization of sports betting in Brazil, in December 2023, we see an increase of need of our services, specifically from sports book platform providers who are either looking to hire people working remotely from other countries in Latin America, other countries in Asia, or actually also on the ground in Brazil.

AI is being thrown around as the catch word. I’m sure that we’re all probably sick of hearing it, but it’s inevitable. But how exactly is AI being integrated into the recruitment process? Is it or is it not? Is it useful? Is it not?

AI is obviously in our everyday life all the time, privately in terms of professionally as well. We are integrating it into our services as much as we can. It’s supporting us with summarizing CVs, it can help us in terms of coming up with more complex questions that we can ask during our interviews with candidates to evaluate them properly. So, it is helping our search process to be better.

However, there are still many areas where AI can’t really help us, at least from a recruitment company’s perspective. One very important thing that I firstly want to mention here is that 50 percent of our final candidates in our recruitment processes with clients, particularly in Asia, they’re not on digital platforms like LinkedIn, for example. Having a human factor, a human recruiter, doing the network building, doing the referrals and all of that, it’s a very, very crucial part of our process.

And overall, we prioritize human interaction overall in our processes. So, looking into how AI is for recruitment, I would say that it does a good job in terms of the entry level positions. So, for maybe customer support it can be a better support, while, when it comes to more mid-level to C-level positions, that human factor is needed.

Because we don’t feel like it has the same effectiveness when it comes to that kind of evaluation. So, again, having that human factor doing that evaluation, from our point of view, it is very, very crucial, specifically – the networking part – in order to reach that other 50 percent that I mentioned earlier – that are not on the digital platforms. So, overall, when it comes to assessing, for example, soft skills – like communication skills, social skills – we feel like that’s the hard part for AI to deliver.

And another also very important part in the recruitment process is to see what’s the cultural fit here between the candidate and the company. And we believe that that’s better evaluated by a human rather than an AI. So, to summarize, AI is coming, we are using it more as a copilot, I would say for us in our services. And it’s more for the entry level positions AI can be more effective, but if it’s more for mid-level to C-level roles we believe that you should be working with an agency like ours to get the top talent in the industry.

That makes total sense, and that, luckily, means that we will both be keeping our jobs for a while.

Exactly. That’s the plan.

I wanted to thank you again. Ellen Fröjd, CEO of SmartRecruitment.com, thank you for being with us.

Thank you so much. Thank you for having me.

Shin Hwa provisional license for Philippines IR expires

Jeju Shinhwa World, Jeju Island, South Korea

Shin Hwa Group announced that its provisional license for its integrated resort project in the Philippines has expired.

As a result, the company has decided to reallocate its resources and maintain its primary focus on its operations in Jeju Shinhwa World, South Korea.

Shin Hwa is the promoter of Jeju Shinhwa World, a complex with a foreigner-only casino in Jeju, South Korea. When it announced its IR plan in 2018 it was still known as Landing International.

Initially, the group had been planning the development of a $1.5 billion IR with a casino, luxury hotel, indoor waterpark, cultural theme park, movie theme park, and convention center.

However, then-President Rodrigo Duterte revoked the lease entirely, with COVID-19 halting plans for the company to find a new development site. Last year Shin Hwa announced it would give up on looking for a license extension.

In its 2023 report Shin Hwa states that it made significant strides in enhancing the facilities at Jeju Shinhwa World.

‘Notably, a new premium cinema featuring state-of-the-art surround sound systems and luxurious seating arrangements was introduced in August 2023, aimed at enhancing the overall customer experience,’ the company says.

Additionally, the group has conducted feasibility studies for a potential residential development in zone R of Jeju Shinhwa World. This move is expected to optimize land utilization and diversify the group’s income sources in the long term.

Shin Hwa added that it remains committed to evaluating its ‘financial position regularly’, and that it plans to explore fundraising opportunities and financing facilities as and when suitable opportunities arise to support its ongoing projects and future growth endeavours.

The company previously announced a series of capital reorganization measures, including plans to raise HK$263.7 million ($39.6 million) via a rights issue.

HK regulator disciplines Chinese lottery firm and executives 

China Ecotourism Group, Lottery

The Hong Kong Securities regulator has initiated disciplinary action against lottery operator China Ecotourism Group and seven of its executives.

China Ecotourism Group is a Hong Kong-listed China lottery business operator. According to a statement issued by the Stock Exchange of Hong Kong Limited on Thursday, the Stock Exchange criticized the company for making statements to some executives that harmed the rights and interests of investors. It believed that the retention and continued appointment of three executives pointed as directors would harm the rights and interests of investors.

Hong Kong Stock Exchange, HK regulator disciplines China Ecotourism lottery firm

In addition, the statement also condemned the company’s former executive directors and independent non-executive directors.

The document indicates that between 2014 and 2018, the company’s group granted 13 loans in the total principal sum of HK$363 million ($46.4 million) and RMB91 million ($11.6 million) to nine borrowers, purportedly to develop its lottery business in multiple provinces in China and in the Philippines.

However, all borrowers defaulted on their repayments, and the company lost contact with eight of the borrowers between 2017 and 2020. The Stock Exchange continued to point out that the company had no evidence to prove that the loan proceeds were used for related business development.

Instead, there was evidence that all loans have been transferred to the account of former executives’ relatives’ accounts. And some of the people involved are no longer contactable.

Separately, in the announcement, the company’s subsidiary, Sinmax Limited, entered into a subscription agreement in 2018 to subscribe for 37.5 percent of the share capital of Pan Asia Blockchain Lottery for HK$35 million ($4.5 million).

The subscription money was found to have been paid to a third party according to the instructions of the owner. Evidence shows that part of the subscription money was transferred to an executive’s family member’s personal account, and those people have been out of contact since 2019.