Monthly Archives: March 2019

Russia-licensed Bwin betting site talking tie-up with Parimatch

GVC Holdings’ Russian-licensed online sports betting operation Bwin.ru is reportedly negotiating a potential partnership with other Russian bookmakers, including Parimatch.

On Friday, Russian media outlet Kommersant reported that Digital Betting LLC, the Russian firm with which the UK-listed GVC launched the Bwin.ru joint venture in November 2017, was negotiating a tie-up with Cyprus-based Parimatch Holding, which operates in Russia via a licensing deal with Betring LLC.

Komersant claimed that Digital Betting was discussing similar possibilities with S8 Holding, the parent company of both Russian-licensed online bookmaker 888.ru (which has no affiliation with UK-licensed 888 Holdings) and the Stoloto lottery operation.

Digital Betting is owned by Russian billionaire Alexander Mamut, who also owns online tech firm Rambler & Co, another member of the Bwin.ru joint venture. Until recently, Digital Betting CEO Dmitry Sergeyev was also involved in Rambler, but Sergeyev announced his exit from Rambler earlier this week.

Connecticut tribes drop lawsuit against US DOI

A long-running feud between two native tribes in Connecticut and the U.S. Department of the Interior (DOI) has come to an end, for now. The tribes have dropped their lawsuit against the department, which had been submitted after the former Interior Secretary, Ryan Zinke, had allegedly worked to prevent the tribes from expanding their casino operations.

The Mashantucket Pequot and Mohegan tribes, along with Connecticut, had sued the DOI in 2017. Lawmakers in the state had asked Zinke to approve amended gaming compacts after Connecticut authorized the tribes to build a joint casino project in East Windsor. Zinke never responded and the state, with the tribes, argued that Zinke had been influenced by MGM, which operates the MGM Springfield in Massachusetts, the northern neighbor to Connecticut.

Zinke vacated his position earlier this year, but is still the target of a federal investigation into his actions.

David Bernhardt now holds the reigns at the DOI and allowed Interior Department Assistant Secretary of Indian Affairs Tara Sweeney to review the tribal compacts. On March 15, she approved the compacts.

Connecticut tribes drop lawsuit against US DOI

A long-running feud between two native tribes in Connecticut and the U.S. Department of the Interior (DOI) has come to an end, for now. The tribes have dropped their lawsuit against the department, which had been submitted after the former Interior Secretary, Ryan Zinke, had allegedly worked to prevent the tribes from expanding their casino operations.

The Mashantucket Pequot and Mohegan tribes, along with Connecticut, had sued the DOI in 2017. Lawmakers in the state had asked Zinke to approve amended gaming compacts after Connecticut authorized the tribes to build a joint casino project in East Windsor. Zinke never responded and the state, with the tribes, argued that Zinke had been influenced by MGM, which operates the MGM Springfield in Massachusetts, the northern neighbor to Connecticut.

Zinke vacated his position earlier this year, but is still the target of a federal investigation into his actions.

David Bernhardt now holds the reigns at the DOI and allowed Interior Department Assistant Secretary of Indian Affairs Tara Sweeney to review the tribal compacts. On March 15, she approved the compacts.

Commercial casino operators in Maine try to stop tribal casino

Lawmakers in Maine are discussing proposals that, if approved, would allow the state’s first tribal casino. The idea isn’t sitting well with commercial casino operators or other local businesses in the state, who are concerned that the market could become too saturated. Maine, home to more than 1 million residents has only two commercial casinos.

The Passamaquoddy tribe, represented by Rena Newell, spoke before the Veterans and Legal Affairs Committee (VLAC) this week, urging the committee members to consider the legislation in earnest in order to allow the tribe to prosper and to reduce friction between the state and the native tribe.

One bill would see multiple state tribes launch table games and slot machines at a venue located at least 50 miles from one of the existing casinos, the Oxford Casino & Hotel in Oxford and the Hollywood Casino in Bangor. Alongside the Passamaquoddy, the Penobscot Nation, the Houlton Band of Maliseet Indians and the Aroostook Band of Micmacs could be included under that proposal.

Another bill suggest allowing the Passamaquoddy tribe to install 50 slot machines at a gambling hall in Washington County. That facility already offers beano and the bill allocates 25% of net slot machine income to Maine’s General Fund.

Success in Manila for SiGMA Roadshow

First leg of global tour a resounding success

SiGMA Roadshow has hosted the first event on the 2019 global tour in Manila, Philippines. The first leg of this premier networking event was held from March 21st to 22nd, bringing together suppliers, affiliates and operators to forge new relationships in the fast-growing Asian market.

Eman Pulis, SiGMA’s founder and CEO, commented, “We came to Manila first of all to learn more about this vibrant city and the government’s initiatives through PAGCOR for the Asian region. New friendships were born and strategic partnerships cemented in this vibrant region!”

Held at the luxe Shangri-La at the Fort hotel in Manila’s Bonifacio Global City area, the buzzing financial and business metropolis connected some of the top western suppliers with a total of 400 premium Asian affiliates and operators.

Upstate New York casinos reduce slot machines to cut costs

Two casinos in upstate New York are looking to reduce the number of slot machines on their floors. Depending on who you talk to, this is either planning for the future, or a cost cutting move, reports NewYorkUpstate.

Resorts World Catskills, near Monticello in New York, and Tioga Downs, located just outside Binghamton, have received approval from the New York State Gaming Commission to the reduce their number of machines. Resorts World Catskills will drop from 2,150 to 1600 slots, and Tigoa Downs from 942 to 822.

Putting a good face on the move, Jeff Gurral, owner of Tioga Downs, said he’s planning to use the freed up space for sports betting, assuming the state will approve the activity in the near future. Resorts World Catskills didn’t comment on the reason for the reduction, but a pretty strong one can be figured out from looking at the bottom line.

Clyde Barrow, a professor at the University of Texas Rio Grande Valley, said:

APE fully supports “Earth Hour 2019” create a bright future for next generation

Macau, Friday, March 29, 2019 – Asia Pioneer Entertainment Holdings Limited (“APE” or the “Company”, with its subsidiaries collectively referred as the “Group”; Stock Code: 8400.HK) is going to celebrate the biggest worldwide environmental movement event – “Earth Hour 2019” by switching off all unnecessary power and lights at 8:30p.m. on 30th Mar,2019.

The “Earth Hour” event was created by World Wildlife Fund (WWF) since 2007. It has already attracted more than 180 countries to support until now. The Theme of this year’s event is “Change = the Way We Live”. By symbolically switching off light, APE promises to continue the energy conservation in our daily life, such as decreasing the waste of paper and water, turning off unnecessary lights and air-conditioner, etc.

“This is the first time for APE to attend the “Earth Hour” event, we encourage our team’s families could participate this event together . We expect to influence more enterprises and individuals to do more for the earth by taking one small step. In the future, we will keep reducing waste and making efficient use of resources, making great efforts to provide a better environment for the next generation.” said Mr. Herman Ng, Chief Executive Officer and Executive Director of APE.

About Asia Pioneer Entertainment Holdings Limited

Football Index enjoying record-breaking season as trading passes £200million during 2018/19

Turnover more than trebles 2017/18 mark with two months of campaign remaining

Friday 29th March – Trading on the world’s first football stock market, Football Index, where users buy, sell and build a portfolio of real-life players, has this season exceeded the £198million (€222m) world record transfer fee paid by Paris Saint-Germain for Neymar.

The unique financial and football hybrid has turned over more than £200m in trades since the current season’s market opened on Saturday, 10 August, 2018.

The high-water mark already represents more than a 200 per cent increase on the 2017/18 season figures of £66.29m

Resorts World Manila returns to big profits in 2018

In 2018, Travellers International Hotel Group Inc. was undoubtedly hoping for a return to normalcy and big profits. It looks like they got just that, as the owner and operator of Resorts World Manila reported a profit of PHP1.4 Billion ($26.6 million), almost 400 percent better than 2017.

Of course, 2017 couldn’t have gone much more poorly. The June 1, 2017 lone gunman robbery and arson of Resorts World Manila shut down the casino for the month, causing the senseless death of 38 people, a loss of revenue, and huge renovation costs.

Because of that attack, Travellers had a PHP312 million ($6 million) loss for Q2 2017, and reduced profits for the year to PHP241 million ($4.61 million), which was a 92% drop from 2016.

These 2018 numbers haven’t caught up yet to those 2016 numbers, they’d need to more than double to do that, so the damage is still there, but at least there’s signs of growth.

Discover the industry’s leading Omni-channel Platform at the Feria Internacional de Juego

OPTIMA, the leading Spanish technology company in the sports betting and gaming sector, will present its award-winning omni-channel platform used by Efbet and Betfred in the Spanish market at the Feria Internacional de Juego from 9 to 10 April in Madrid.

OPTIMAMGS, Multichannel Gaming Suite, is an integrated gaming and sports betting platform with a set of applications and management tools, along with support, development and integration services that allow operators to serve their customers through multiple channels of seamless interaction, all under a single OPTIMAMGS system, using outstanding technology and providing access to hundreds of third-party services and products.

OPTIMA Team will be at Stand C25 where the OPTIMAMGS platform can be discovered, as well as its new solution, the new betting terminal, and also you can enjoy a coffee in a coworker zone.

Visit the OPTIMA booth (C25) to discover how OPTIMAMGS can take your business to the next level.

Spintec to showcase the ultimate gaming solutions at G2E Asia

Spintec, together with its distributor Asia Pioneer Entertainment (APE), has been successfully working on the Asian market, and in the last three years, Spintec is holding a majority share in all new automated roulette installations in Macao.

Between the 21st and 23rd of May, Spintec will be exhibiting at the G2E Asia, the biggest trade show on the Asian market that will take place at the Venetian in Macao.

Spintec will showcase a large portfolio of casino gaming solutions, various setups of Aura and Karma product lines, which are, due to their proven record of longer gaming sessions, its best-selling products on the Asian market. Spintec’s products are distinguished by extreme comfort, stability, security, modularity and virtually endless options for customisation.

Aura, the ultimate gaming experience

GAN’s 2018 losses lead to talk of selling the company

UK-listed online gambling technology provider GAN is mulling flogging itself to the highest bidder now that it’s US-based operations are growing.

On Friday, GAN informed investors that its net revenue hit £10.6m in 2018, a 16% improvement over 2017’s tally. However, the company’s so-called ‘clean’ earnings swung to a £1.5m loss from a modest £454k profit in 2017 and the company’s pre-tax losses grew by £2.5m to £6.7m.

GAN insists that the negative numbers don’t tell the full story, noting that its US-facing real-money online gambling and sports betting operations grew much quicker than its free-play Simulated Gaming business, which launched only one new client in 2018. Last year marked the first time that real-money gaming revenue (£5.3m) eclipsed GAN’s social casino operations (£4.3m).

GAN launched its second real-money online casino client in New Jersey (Ocean Resort Casino) last July, joining the New Jersey-licensed Betfair Casino site of UK operator Paddy Power Betfair (PPB). GAN also helped launch online sports betting for PPB’s FanDuel brand in New Jersey.