Thursday, June 17, 2021

Royal International Corp aims to double revenue in 2021

Royal International Corporation, owner of the largest casino in Quang Ninh has reportedly earmarked a profit of $500,000 this year, despite having recorded two years of losses previously. 

Norwich scandal highlights online regulatory challenge

English Premier League Club Norwich City this month had to dump its lead Asia-facing sponsor due to inappropriate advertising, highlighting the difficulties of regulating global online gaming, even in a jurisdiction regarded as one of the gold standards.

Alleged illegal casino poses as casino school for IRs

Tokyo police have busted a business operation they say was an illegal casino which operated under a front as a casino school for players in Japan’s future IRs.

Macau/HK travel bubble seen later in the summer: Bernstein

A travel bubble between Hong Kong and Macau may be established later this summer as the Covid situation in the former city is improving rapidly, according to Bernstein Research.

OTHER NEWS

LVS Macau court case begins, with $12 billion at stake

A long-delayed court case between a Taiwanese business man and Las Vegas Sands kicked off in Macau on Wednesday, with the plaintiff seeking as much as $12 billion in damages from the operator.

Universal liquidity and cash flow still a risk, despite note issue:...

Universal Entertainment's proposal to tap $140 - $150 million from a note issue will not improve its credit rating due to ongoing uncertainty over its liquidity and cash flow generation, Fitch Ratings said.

INDUSTRY UPDATES

Content aggregator Solid Gaming has signed a deal to distribute Playgon’s proprietary Live Dealer games and E-table games to their customers on the Asian markets. Solid Gaming’s strategy is to provide a game for every one which is why they work with the best game providers to distribute unique and exclusive content to their partners. 
The International Association of Gaming Advisors (IAGA) has announced the cancellation of its planned conference in August, named the International Gaming Summit. 
Regulating the Game, a five-day educational course for regulators and operators held in August has opened up registrations and is offering an “escalating discount” for multiple registrations from the same organization.
Leading content aggregator, Microgaming, has reinforced its senior leadership team with the appointment of Julie Allison as director of markets.
The International Table Tennis Federation (ITTF) and Sportradar Integrity Services – a global supplier of sports integrity solutions – have extended their integrity partnership through to the end of 2023. This multi-year renewal agreement underscores the strong integrity collaboration between the two organisations that started back in 2017.
MGM Dragon Boat Team won two first runners-up in the Macao Standard Dragon Boat Race – Women Category (500m) and Macau Small Dragon Boat Race – Women Category (200m). 
Aristocrat Leisure said it has received all necessary regulatory pre-approvals for the appointment of Kristy Jo as company secretary and confirmation by the board of her role.
A Macau association representing the local events industry is launching an online tool by the end of the year aimed at reinvigorating the stalled events industry.
Pragmatic Play, a leading content provider to the gaming industry, has released its street-party fiesta, Heart of Rio.
Pragmatic Play has released its Asian-inspired slot, Dragon Hot Hold and Spin, with high volatility and high-value rewards of up to 5,000x the stake The central focus of the game...

TRENDING ARTICLES

Crown-Melbourne

Victoria probe told Crown official lied about China arrests

A Royal Commission investigating Crown Resorts in the Australian state of Victoria was told by a compliance officer from the regulatory authority that the company lied to him about the arrests of its employees in China in 2016.
AGE at ICC Sydney, 2021

Australasian Gaming Expo (AGE) 2021

The Australasian Gaming Expo (AGE) is the place to see new products and services, network, attend thought-provoking seminars, seek business partners and generate sales....
AGBriefings, June, 2021, Resorts World Las Vegas

Asia Gaming Briefings – June 2021 Edition

For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.