Monday, November 30, 2020
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500.com Q2 revenue jumps on TMG acquisition

500.com, a provider of lottery services in China reported soaring revenue for Q2, helped by the early July acquisition of TMG Group, an online lottery betting and online casino platforms operated out of Malta.

Lotte Tour buys Paradise Jeju Lotte for KRW15b

Lotte Tour Development, a South Korean travel company, is making its first solo foray into the casino business with the acquisition of the Paradise Jeju Lotte Casino for KRW15 billion ($13.4 million).
Philweb e-gaming cafe

PhilWeb adds more PAGCOR e-games sites

PhilWeb Corp. said it has acquired two more of the Philippine Gaming and Amusement Corp’s e-gaming sites in a cash and stock transaction.

Paradise buys warehouse properties for HK$128.5m

Paradise Entertainment said one of its units has agreed to buy warehouse space in Macau for HK$128.5 million ($16.4 million) to reduce rental costs.

Nazara Games buys Kenya’s NZ World

India’s Nazara Technologies is expanding into real-money gaming through the acquisition of a 70 percent stake in Kenya’s NZ World, local media reports. The company...

MGM buys Empire City’s racetrack and casino for $850m

MGM Resorts and MGM Growth Properties said they have agreed to buy Empire City Casino’s racetrack and casino for $850 million, entering the high-density New York market.

Getting through to the other side

We enter a week, and the final month of the year, with a global economy tipping wildly between extremes of optimism and pessimism.
Solid Gaming

Knowledge trumps content in Asia’s complex i-gaming world

In Asia’s complex and diverse igaming landscape, having the right content means business success only if one more key ingredient is included - market knowledge. 

Instant and secure deposits

AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.

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Macau gaming law revision not likely until late 2021

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Suppliers get igaming boost

Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.

Getting through to the other side

We enter a week, and the final month of the year, with a global economy tipping wildly between extremes of optimism and pessimism.
PlayerzPot online fantasy sports

PlayerzPot aims for the big league

It’s yet to break into the big league when it comes to India’s fast-growing online fantasy sports market, but gaming startup PlayerzPot has caught the attention of investors, raising $3 million to accelerate its expansion plans. 

No pandemic-related delay for Macau concessions tender

Secretary for Economy and Finance Lei Wai Nong announced on Friday that the Macau government would press ahead with work on legislation next year to renew the casino concessions and is not considering any delays related to the Covid-19 pandemic.