Tuesday, June 18, 2019

DFNN says hopeful PCSO spat is close to resolution

DFNN said it is hopeful a long-standing legal dispute with the Philippine Charity Sweepstake Office (PCSO) is close to being settled and it will be able to collect the PHP310 million ($5.9 million) in damages that it was awarded by a court.

Palmary Corp buys stake in Philweb, signs cooperation agreement for e-bingo sites

Philippine e-bingo operator Palmary Corporation has purchased a 6.78 percent stake in Philweb Corporation and has signed a cooperation agreement with the company to...

HKJC awarded highest level accreditation for responsible wagering

The Hong Kong Jockey Club has received the highest level accreditation under the Responsible Gaming Framework of the World Lottery Association (WLA) for the...

500.com net loss widens in 19Q1 on Europe woes

China lottery service provider 500.com posted a widened net loss in the first quarter of 2019, reaching RMB93.2 million (US$13.9 million), due mainly to...

AGTech swings to Q1 loss, though revenue gains

AGTech Holdings, which provides lottery hardware, games, systems and services in Mainland China, swung to a loss for Q1 due to non-operating items relating to the fair value changes in convertible bonds and other items.

MQTech enters Mongolian lottery market

MQ Technology Bhd, a Malaysian investment holding company has acquired a 19 percent stake in a Mongolian gaming operator, Montvest Group for RM8.6 million...

AGTech unit gets Guangxi lottery contract

Hong Kong-listed AGTech Holdings said its Beijing AGTech GOT Technology unit has won the tender to supply lottery terminal to the Sports Lottery Administration Center in the Guangxi Zhuang Autonomous Region of China.

Australians gambling less, young show biggest decline, report finds

There has been a large drop in the number of Australians who gamble, falling to 47.9 percent of the population, or 9.3 million, compared with almost two thirds of adults a decade ago, according to a survey Roy Morgan.

AGTech swings to profit in 2018 on non-operating items

AGTech Holdings Limited on Saturday announced its final results for the year ended December 31, 2018, revealing a profit of approximately HK$317.1 million (US$40.4...

Malaysia illegal lottery revenue tops legal operators

Malaysia’s illegal lottery business is generating about 60 percent more revenue than the six legal operators combined, local media reports. While the six collectively...

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Slow ramp-up expected for Grand Lisboa Palace

SJM’s Grand Lisboa Palace will suffer from s slow ramp up, and likely fall behind schedule for its opening, according to Bernstein analysts in...

New LT Game slots to be available in June

Paradise Entertainment chairman Jay Chun says he expects his latest line of slot machines, developed through its subsidiary LT Game, to be available at...

Melco to delay opening City of Dreams Mediterranean

The opening of Melco’s integrated casino resort in Cyprus has been pushed back six months due to the extensive infrastructure needed, local media reports....

Melco buys A330 to add to fleet, MNA reports

Melco Reports & Entertainment has bought a third plane, an Airbus A330, to its fleet to transport VIP gamers to its properties, MNA reports.

SkyCity online gaming site expected to launch mid-2019

SkyCity Entertainment Group on Wednesday has announced its Maltese subsidiary has partnered with international iGaming company Gaming Innovation Group Inc (GiG) to provide New...