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138Poker.vn launched a Tournament Partnership with Pro Poker Club (Ho Chi Minh City, Vietnam) and has revealed HOGO as Official Marketing Partner

Zoltan Tundik

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In a series of press releases, Vietnam-based poker lifestyle brand 138Poker.vn has announced that the company has selected HOGO as their marketing partner, but also that they are officially launching a Tournament Partnership with Pro Poker Club, Ho Chi Minh City, Vietnam

The 138Poker.vn brand will work with HOGO to develop a strategy for exponential growth within the Vietnam market. This will begin with the focus on a lifestyle poker brand for Vietnamese via 138Poker.vn as well as through a formal partnership with licensed poker house Pro Poker Club in Ho Chi Minh City. HOGO will work with the team via their local office in Vietnam to manage all aspects of branding, marketing and compliance. This will include the development of merchandise, player partnerships and more to further build on and attract new players to the Vietnamese poker lifestyle.

Chris Wieners, Managing Partner of HOGO, stated: “I am very happy to announce our formal agreement to work with 138Poker.vn in their plans to further develop poker lifestyle in Vietnam. We appreciate their desire to develop the game of poker through lifestyle branding and are excited about the prospect of helping them work in the Vietnam market place and beyond.”

138Poker.vn will launch in Q4 2018 as a lifestyle site for the poker community in Vietnam. The brand’s first sponsored tournament will take place 21 to 25 February 2019 at the Pro Poker Club and is expected to attract more than 300 players to the Ho Chi Minh City venue. A full-blown players party is set to happen during the tournament at the Xing Xing Nightclub.

Other news revealed that 138Poker.vn and Pro Poker Club have come together to bring the Vietnam poker community the inaugural 138Poker.vn Dragon Poker Tour being held on 21 to 25 February 2019.

This is the pre-cursor to the further development of a long-term partnership, between all parties, to promote poker lifestyle and enhance the vibrant poker community in Vietnam.

The 138Poker.vn brand will, as part of this initiative, launch a new poker lifestyle site aimed at the Vietnamese market. 138Poker.vn will focus on the poker community, events, news and relevant poker happenings in Vietnam and further afield. In addition to lifestyle content, the brand will focus on initiatives to grow 138Poker.vn into a household name in Vietnam through the launch of merchandising as well as unique sponsorship deals, starting with the 138Poker.vn Dragon Poker Tour, expected to draw a large field of players.

In addition to the development of tournaments throughout the country, 138Poker.vn aims to develop key partnerships with high profile Vietnamese players. The aim is to showcase the game to the Vietnamese poker community and develop interest amongst new potential players. Merchandise, events and player parties on par with those held in Macau and Las Vegas are all part of the 138Poker.vn plan to build interest and excitement around the game and within the Vietnamese poker community.

Mr. Hoang Anh – Manager of Pro Poker Club,  stated: “Pro Poker Club is delighted to be partnering with 138Poker.vn. Their dedication to expanding the poker lifestyle in Vietnam is of great interest to us as we look to expand the ability for potential Vietnamese players to engage with the game of poker and the thriving poker community. Pro Poker Club welcomes 138Poker.vn and we are excited to work together in
2019 and beyond.”

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Asia

Cambodia to Ban the Issuance of Online Gambling Policy and Licenses

Niji Narayan

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Photo source: acboulle.org
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The Cambodian Government has issued a directive to stop the issuance of online gambling policy and licenses, both within and outside of Cambodia.

The government said that the industry had been used by foreign criminals to extort money. The southern coastal city of Sihanoukville has emerged as a particular centre for gambling and many of the dozens of Chinese-run casinos that have sprung up there have online gambling operations.

“The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive,” said the directive signed by Prime Minister Hun Sen.

“Some foreign criminals have taken refuge in the form of this gambling to cheat and extort money from victims, domestic and abroad, which affect the security, public order and social order,” the directive said.

China is Cambodia’s close ally, its biggest donor and investor. It has also been trying to crack down on cross-border gambling, criticising operations in the Philippines that are similar to those in Cambodia.

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Asia

Kien Huat Realty III Limited and Genting Malaysia Berhad to Acquire Empire Resorts

Niji Narayan

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Empire Resorts, Inc. has announced a definitive agreement under which affiliates of Kien Huat Realty III Limited and Genting Malaysia Berhad will acquire all of the outstanding equity of the Company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share. Kien Huat is currently the holder of approximately 86% of Empire Resorts’ outstanding shares of common stock.

The Board of Directors of Empire Resorts has approved the transaction on the unanimous recommendation of the previously formed special committee of independent directors. Empire Resorts and Kien Huat also amended Kien Huat’s existing preferred stock commitment letter with the Company, which, subject to the terms thereof, enhances Empire Resorts’ access to capital through February 2020.

“We are pleased to reach this agreement and provide immediate certain cash value to our stockholders. Kien Huat has been a true partner for Empire Resorts, and we look forward to welcoming Genting Malaysia into our ongoing relationship. With Kien Huatand Genting Malaysia, we will be part of an extensive and attractive organization with enhanced scale and global reach. Importantly, Kien Huat has agreed to provide incremental credit support to Empire Resorts, which will enable the Company to meet its debt obligations as we continue to execute on our business strategy,” Keith Horn, independent director of Empire Resorts said.

“With the resources and support of Kien Huatand Genting Malaysia, Empire Resorts will be better positioned financially and operationally, which will help us advance our mission of delivering a winning combination of luxury facilities, quality entertainment and exceptional customer service. This transaction is a win-win for all our stakeholders, including our stockholders, customers, employees, creditors and the communities in which we operate. Importantly, we expect our employees will benefit from new opportunities for career development as part of a larger organization. I look forward to working closely with Kien Huat and Genting Malaysia to seamlessly complete the transaction,” Ryan Eller, President and CEO of Empire Resorts said.

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Asia

Losers and Winners of Online Gambling in China

Niji Narayan

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Photo source: aljazeera.com
Reading Time: 1 minute

Countless ordinary Chinese people, driven by greed and ignorance, have fallen into online gambling like the moths flying towards the fire.

In 2018, Chinese handset maker Gionee was forced into bankruptcy liquidation. The reason was that Liu Lirong, the owner of Gionee, gambled and lost more than 1 billion Chinese yuan in Saipan Island, leading to a shortage of operating capital and final bankruptcy.

Traditional Confucianism holds that gambling means greed and depravity. Many Chinese literary works and academic studies have portrayed Chinese gamblers and many people think that Chinese people are fond of gambling.

Before the rise of online gambling in many countries, China’s neighbouring countries once set up casinos in border areas with China to attract Chinese tourists and gamblers. Gambling-related criminal cases caused a lot of trouble for the Chinese government. Under pressure from the Chinese government, casinos in many border areas had been shut down.

The rise of online gambling has changed the story. Gaming companies have been able to spread their tentacles into every corner of China with the help of internet.

The reason why the gaming companies in the Philippines employ a large number of Chinese employees is that all of the Chinese employees can speak Chinese and most of the customers they serve are Chinese citizens.

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