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Evolution Technology Resources Inc. signs deal with 1ClickGames and increases user base tenfold to 275,000

George Miller

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Evolution Technology Resources Inc. (ETKR) signs deal with 1ClickGames
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MARKHAM, Ontario, Feb. 12, 2018 – via OTC PR WIRE – Evolution Technology Resources Inc. (ETKR.OTC) has signed an agreement with Highweb Trade Ltd, a Malta based online casino service provider better known for their B2B igaming tradename 1ClickGames. The agreement will deliver exclusivity, game development, infrastructure management, white-labeling, support and maintenance services in the area of information technologies for ETKR’s online gambling site VIPSpel Casino as well as future platforms.

The agreement between Evolution Technology and 1ClickGames is developing new online casino sites and adding new innovative incentives to make these sites operational and revenue producing and has provided Evolution Technology with the exclusive first right to acquire each of the new online operational casino sites that 1ClickGames develops. The agreement also covers the acquisition of existing sites which will increase the current user base to 275,000 from 27,000. When Evolution Technology first acquired VipSpel, the user base was 6,000 and grew to 27,000 users under the fourth quarter plan 2017.

The fourth quarter plan that the Company announced in October last year was successful. It focused on (a) building a core management team for the gambling & gaming sector portfolio (b) drive user growth (c) acquire a sportsbook (d) expanding core competencies.

With this agreement Evolution Technology and 1ClickGames are a supplier of premium white-label solutions for both iGaming startups as well as existing operators worldwide. 1Click Games focuses on fast integration and ensuring rapid and cost-effective time to market for all clients. Operators are provided a complete gaming site with a full suite of top iGaming products including casino, sportsbook, mobile casino and live casino, all deployed under a unified management platform, as well as services like sublicensing, branding and content management.

One of the major Product development milestones for 1ClickGames in 2018 is the addition of Blockchain technology to its already fully GLI19 certified platform.

The partnership with Highweb Trade Ltd, adds to Evolution Technology’s growth strategy characterized by enhancing its current solutions as well as developing and introducing new products and services that keep pace with the developments in the online gambling industry.

 

About Evolution Technologies Resources, Inc.
Evolution Technology Resources is a business development company that is focused on acquiring intellectual property and assets for cloud computing, high tech and online gambling industries.

EvoTech is a rapidly growing gambling solutions and entertainment provider. The company will provide three revenue models; cutting-edge Cloud based Services, white label solutions for affiliates and B2C gambling services offering games from the best-of-breed suppliers across the online sports betting and casino industry. Online gambling is a maturing market, meaning there is already a wide base of users familiar with gaming products as well as supporting services such as online credit card payments and other means of electronic payments. ETKR aims to capture a significant size of that existing and growing market through high quality products and safe and secure infrastructure.

Investor Relations
Tom Lam
+1 855-782-3706
ir@evotechonline.com

For more information visit: www.evotechonline.com

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Asia

Vietnam to reduce tax incentives for casinos in SEZs

Niji Ng

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Vietnamese officials are planning to reduce tax incentives previously promised for casino operators in the country’s special economic zones (SEZs).

The Standing Committee of the National Assembly, while discussing the draft law for Vietnam’s SEZs, is expected to announce this. This is following criticism from some Assembly delegates that plans to offer tax incentives to gaming operators in Van Don in Quang Ninh Province in the north, Bac Van Phong in Khanh Hoa Province and Phu Quoc in Kien Giang Province in the south are too generous.

Under the previous proposal, projects in Vietnam’s SEZs would be granted a 100 per cent tax deduction for the first four years of operation, 50 per cent for the next five years and 10 per cent for another 21 years before reverting to the standard tax rate.

The new proposal would see them paying preferential corporate income tax of 17 per cent from the day of opening for the first five years and a higher excise tax, up from 10 to 15 per cent, for the first 10 years. Unlimited land and sea lease exemptions would also be scrapped and the exemption period slashed to a maximum of 30 years in Van Don and Bac Van Phong and 20 years in Phu Quoc, according to local media.

Source: asgam.com

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Australia

Gambling expert moots WADA-style anti-corruption unit

Niji Ng

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Charles Livingstone, an Australia-based gambling expert, has called for an international anti-corruption unit to monitor athletes, much like the World Anti-Doping Agency (WADA) that monitors illegal drug-taking by athletes.

He said he hopes the US entry into live sports betting might help his efforts for an international anti-corruption unit to monitor athletes.

Charles Livingstone is the head of the gambling and social determinants unit at Melbourne’s Monash University. He has been calling for several years the formation of the monitoring agency for potential corruption among athletes.

 “Now that the United States is going to allow gambling on sporting events, I’m hoping it might become a real possibility,” Livingstone said.

A US Supreme Court decision last week clearing the way for states to legalise sports betting came 10 years after Australia’s highest court did similar to allow more widespread betting on sporting events Down Under.

After a gambling agency challenged existing laws, a 2008 Australian High Court decision removed restrictions preventing bookmakers licensed in one jurisdiction from advertising in another. This change prompted the entry of international corporate bookmakers into the Australian sports market to capitalise on the country’s penchant for both gambling and sport.

It has spurred a whole range of new betting options, including some on minute detail.

Livingstone said one way to reduce the potential for corruption among athletes would be to stop so-called “spot betting” where gamblers can bet on such things as how the first points in a game might be scored, or when the first double-fault might occur in a tennis match.

Australian rugby league player Ryan Tandy was convicted of trying to manipulate the first score of a 2010 National Rugby League match and a former Australian Open junior champion was banned for seven years for purposely losing the first set of a match at a low-level tournament.

“Ban spot-betting,” Livingstone says bluntly. “There is enormous potential for corruption. It’s a small step from there to starting to throw games.” He says a WADA-style agency monitoring corruption could also help educate athletes, as the anti-doping agency does.

Government figures show that 80 percent of Australians gamble, the highest percentage of any country (Singapore is second, Ireland third) although that figure includes those who might bet once a year on a horse race or play the lottery. More than a billion Australian dollars ($758 million) is spent each year on live sports gambling in the country.

Source: AP

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Genting aims to land first casino license in Andorra

Niji Ng

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Photo credits: www.casinonewsdaily.com
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Genting Group, a Malaysia-based tourism and gambling company, has submitted a massive bid of $164.6 million to obtain the first casino license in Andorra, the tiny mountainous independent principality between Spain and France.

Genting has submitted its bid through its UK unit.

To enter its bid, Genting teamed up with Andorran businessman Marc Giebels van Bekestein, British investor David Gray and Arc Resorts President Mark Vlassopulos. If approved, 70 per cent of the venture will be held by Genting.

Genting has proposed an integrated resort (IR) project for Andorra that would create 400 permanent jobs and 600 temporary construction jobs. The project would offer two floors of private rooms and suites, a spa and a “gastronomy market.”

Genting currently owns 43 licenses in the UK. It operates the Resorts World Birmingham, worth approximately $201.5 million. The Andorra casino resort would be the company’s first on continental Europe.

Other bids have been submitted by France’s Partouche, Barrière, Raineau and Casinos Austria. The winner of the project is expected to be announced by the end of June.

Andorra is on a mission to increase tourism in the area. The regional government enacted legislation two years ago that would allow casino gaming. Licenses would be valid for 20 years and would be contingent upon a minimum investment of $11.7 million (€10 million). Additionally, the Andorra Tourism Board participated in the ITB China event last week. Ctrip International, a Chinese provider of travel services, and the board’s Joaquim Tomas held talks regarding opening new markets and upgraded travel products to increase bilateral cooperation.

Genting was founded in 1965 and is headquartered in Kuala Lumpur, Malaysia. It operates and markets casinos and IRs around the world, including in the Americas, Malaysia, Australia, Singapore, the Philippines and the UK. Its annual revenue is estimated at around $2.23 billion.

Source: calvinayre.com

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