Monday, August 19, 2019

India

Dream 11 continues to attract investors

South African internet conglomerate Naspers is looking to buy a $100 million stake in online fantasy start-up Dream 11, local media reports.  Following bumper earnings...

Offshore casinos won’t have trade licenses renewed

The City of Panaji has passed a resolution not to renew the trade licenses of its offshore casinos at the end of their term,...

Goa collected Rs 411 crore in FY18

Goa’s government collected around Rs 411 crore (US$53.8 million) in revenue from casinos in the 2018 financial year, according to Goa Chief Minister Pramod...
Goa, Casino Royale

Mandovi deadline looms as politicians wrangle

The fate of Goa’s floating casinos is still unclear as a deadline for their removal from the Mandovi River looms, with industry experts urging the government to proceed with caution when it comes to moving them to land.

Local entry ban for Goans to be finalized soon

Goa chief minister Pramod Sawant has promised the legislative assembly on Wednesday that he will finalize a date to bar Goan from local casinos. “You...

Fantasy cricket start-up receives $4 mln in funding

Delhi-based online fantasy gaming platform BalleBaazi has successfully raised $4 million in Series A funding round from two private equity funds based out of...

Casinos may be permitted at Goa’s Mopa Airport

Goa Chief Minister Pramod Sawant revealed to the legislative assembly that a concession agreement with a local infrastructure company could also allow the construction...

Goa considers shifting of casinos to Aguada Bay

The Goa government is examining the possibility of shifting its offshore casinos from River Mandovi to Aguada Bay, local media reports.  Ports Minister Michael Lobo...

ED seizes $17 million in property from Santiago Martin

The Enforcement Directorate on Monday seized assets worth more than Rs.119 crore (US$17 million) belonging to lottery king Santiago Martin, local media reports. According to...

WinZO announces fund to help gaming startups

Real money gaming platform Winzo Games has announced a US$1.5 million fund to support local game developers in India, local media reports. Paavan Nanda, Co-founder,...

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Nagaworld

Naga 3 to be 90 percent non-gaming with focus on tech

NagaCorp says 90 percent of its $3.5 billion Naga 3 property will consist of non-gaming amenities, with a strong focus on high-tech elements.
Dynam pachinko hall

Dynam reports 1.2% revenue growth in April-June

Dynam Japan Holdings, the largest pachinko company measured by its number of parlors, reported to the Hong Kong Stock Exchange a 1.2% increase in total revenues in the April-June 2019 period, boosted by its low playing cost halls.

Pacquiao One Punch KO

Ganapati PLC’s latest initiative packs quite a punch. The global supplier of Japanese content recently announced its intention to produce an official Manny Pacquiao...
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HK protests begin to hit Macau revenue: Bernstein

The street protests that have been rocking Hong Kong for the past nine weeks are beginning to have an impact on gross gambling revenue in Macau, Bernstein analysts wrote in a note.

Okada Manila opens rooms as July revenue jumps

Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48 percent from the prior year.