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Suncity Group to acquire casinos in Asia

Niji Ng

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Suncity Group Holdings Ltd., a Hong Kong-based investment holding company is planning to expand its business further in Asia. It plans to diversify its business that would take it from being the biggest gaming promoter to becoming a “pure gaming” by 2020.

The company is actively looking for acquiring casinos in other Asian countries such as South Korea, the Philippines, and Myanmar. It is looking for casinos in Russia as well.

The company is also looking for ways on how to inject its present business model into its future casino ventures, according to Suncity Executive Director Andrew Lo Kai Bong.

In its 2017 annual report, Suncity presented ongoing projects such as property developments in Shenzhen, part of China’s Guangdong province, and in Anhui province. Suncity also announced plans for another property development in Liaoning province.

Suncity reiterated its commitment to manage a casino resort at Van Don in Vietnam on behalf of third-party investors. But Suncity announced late last month that it had deferred the completion of its acquisition of a 34 per cent share in the Hoiana project.

Suncity originally planned to close the HK$600-million (US$76.8-million) Hoiana deal last May 31st but moved the payment deadline to July 31.

Lo attributed the delay to procedures that needed to be completed regarding Hoiana’s phase one land plot.

“It is a vast piece of land of 163 hectares [403 acres], which takes time for the process of obtaining the land certificates for it. But now this process is soon to be over,” Lo said, according to the news outlet.

In 2015, Suncity entered into a co-operation with Chow Tai Fook Group subsidiary Golden Yield Enterprise (GYE) and Vietnam-based Vinacapital to develop the $4 billion integrated resort project in the central province of Quang Nam.

Hoiana’s first phase will include a 445-room hotel, 220 residential apartments operated by Hong Kong’s New World Hotels, a luxury Rosewood resort offering 75 villas and 25 residences, a golf course and a casino.

Gaming analysts noted that Suncity’s transition from an agency to principal model made sense, especially in light of strong VIP trends in Macau and regionally. The only downside that gaming analysts saw was that its transition brought with it risks to Macau, where other casino operators may not wish to employ a junket operated by a direct rival.

Source: CalvinAyre.com

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Asia

Tiger Resort pushes for casino license in Japan

Niji Ng

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Tiger Resort pushes for casino license in Japan
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Tiger Resort Leisure and Entertainment Inc., the Philippines-based casino operator, is planning to start an office and obtain casino license in Japan.

Its parent company Universal Entertainment Corp. has announced the news on Wednesday through a statement on its website. “[Tiger Resort’s] Japan Branch will be established for research and analysis of the Integrated Resort Implementation Bill of Japan and study of the potential of a casino resort business in Japan in the wake of the enactment of said Bill in July 2018 with a view to becoming a future business contact (such as customer solicitation and marketing activities),” reads the statement.

The tentative date to register the brand was set for today, and the company said that Toji Takeuchi will be the Branch Representative for the company in Japan. The country legalised casinos in late 2016, but is still discussing legislation for integrated resorts.

Tiger Resort Leisure operates the Okada Manila casino in Manila, one of three integrated casino-resorts in the Philippine capital’s version of the Las Vegas gaming strip.

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Indian police cracks illegal gambling ring

Niji Ng

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Photo Source: indiatimes.com
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The police in the Indian capital of Delhi has busted an illegal online gambling ring. The gambling operations were being conducted from a residential building in New Ashok Nagar in east Delhi. The police arrested 14 persons, including the alleged owner and manager of the casino, for running the gambling ring, and 12 persons for participating in the gambling. The main figure behind the operation, who was only identified as “Deepak,” remains at large.

In India, gambling is legally prohibited apart from a few chosen locations, such as Goa. But the police indicated that the gaming endeavour could be tied to a money-laundering scheme as well. They seised a diary containing numerous transactions and customers’ names, 10 computer systems and a small amount of cash.

Pankaj Singh, the police department’s deputy commissioner, said the department had received several tips over the course of a few days prior to the raid. When a tip on Sunday indicated that the games were in progress in the first floor of the three-story building, cops moved in and made their arrests.

Singh was quoted by DNAIndia saying, “Our team raided the flat and found 12 people gambling online. The entire flat had been turned into a makeshift casino parlour and 10 computers with Internet connections had been installed in the house solely for gambling.”

The casino’s alleged owner, Amit Guttan, and his manager, “Neeraj,” were taken into custody along with the 12 gamblers. They were all released on bail after being booked for offenses under the Delhi Public Gambling Act.

The gambling group was reportedly formed through WhatsApp and regular customers recruited additional members. No outside individuals were allowed into the group. After paying an entry fee, the gamblers were provided with the password in order to play games online.

A police officer involved in the case added, “Roulette was the most popular game for these people because the winner was given a return which was 36 times the money they gambled.”

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Riot Games unveils “LoL PARK” new LCK Esports stadium!

Niji Ng

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Riot Games unveils “LoL PARK” new LCK Esports stadium!
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Riot Games, a California-based game developer has unveiled its new League of Legends exclusive stadium called “Lol PARK.” The new facility is located at Jongno-gu, Seoul, South Korea. It can host up to 500 people. The most important section of the stadium is a section in the form of a round open booth. Here, players are able to sit and play in the centre whilst the spectators can watch the players live. Due to the audience’s seats being in close proximity with the stage, the audience is able to even see a player’s individual screen. In addition, there is an incredibly large screen located at the top of the stage. This screen offers full picture quality from a multitude of angles, allowing the audience to watch the game without the slightest issue. The screen allows quality entertainment regardless of being at the front or back of the stage.

Also, there is a box specifically made for the coaching staff which is located on the outskirts of the stage. This box is clearly visible to the audience and adds yet another perk to the experience. After a game, the players are provided with a joint coverage area or interview zone in which they can interact in new ways with their fans. In addition, unlike fan meetings in the past when it was rushed and held outdoors, the LoL PARK provides a prepared fan meeting zone inside the facility.

Lee Seung Hyun, the representative of Riot Games Korea, commented, “I only hope that LoL PARK can provide a unique experience to everyday life. Jongno is a place that has a lot of companies and a lot more employees. I’d like this facility to be a place where you look twice and visit when you see it. The League focused stadium is more of an arena style than a studio. I have made sure and prepared this place to be a pleasant space for players. In addition, I did my best to set up various attractions and comfortable facilities for the audience who might visit here.”

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