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PH Resorts to pump in $1 Billion for two casinos in the Philippines

Niji Narayan

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PH Resorts to pump in $1 Billion for two casinos in the Philippines
Image Source: skyscrapercity.com
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PH Resorts Group Holdings has announced plans to invest around $1 billion for starting two casino resorts in the Philippines.

The company, previously known as Philippine H20 Ventures Inc., is a subsidiary of Udenna Group, owned by Chinese-Filipino businessman Dennis Uy.

PH Resorts will pump in $665 million to complete The Emerald, an integrated casino resort currently under development in Punta Engaño on the Mactan Island in Cebu.

The casino is likely to be launched in the third quarter of 2020. The resort will be located on a 13.5-hectare site, which will have a 7,585-square-meter casino floor with 1,186 slot machines and 146 gaming tables, an 838-room five-star hotel with five villas, 8,000-square-meter retail centre, food and beverage facilities, and a convention centre in the first phase.

In the second phase, 9,400 square meters of gaming space, a 1,300-room five-star hotel, food and beverage facilities, and retail space will be added.

PH Resorts is going to start its second resort in the Clark Freeport Zone by investing $276.6 million. The resort will feature 600 gaming machines, 100 table games, several hotels, a dining complex, and retail space. Construction is expected to commence in the first quarter of 2019. Developers target 2022 opening of the property.

Niji Narayan 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. He reports gaming industry headlines from all around the globe.

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Angel Sets to Complete GPI Acquisition

Niji Narayan

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Angel Sets to Complete GPI Acquisition
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Angel Holdings Godo Kaisha is going to complete its acquisition of Gaming Partners International Corporation (GPI). GPI has already delivered a written communication to NASDAQ regarding the merging date.

Under the terms of the merger agreement with Angel, GPI stockholders will receive US$13.75 in cash per share in exchange for their shares. Upon completion of the deal, Angel will own 100% of GPI, making GPI a wholly-owned subsidiary of the company.

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Saipan Casino Control Commission Extends the Deadline for IPI’s IR Completion

Niji Narayan

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Saipan Casino Control Commission Extends the Deadline for IPI’s IR Completion
Photo Source: agbnippon.com
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The Saipan Casino Control Commission has agreed with Imperial Pacific International Holdings (IPI) to extend its integrated resort (IR) completion deadline until February, 2021.

IPL is now planning to open the Saipan casino resort by September, 2019. The developer made the announcement to the Hong Kong Stock Exchange. It explained that it hopes to open only phase 1 of its integrated resort development, called “Imperial Palace Saipan.”

The IR was expected to be completed by August, 2018, but IPI said it missed the deadline due to “the drastic reduction and non-availability of sufficient skilled and qualified construction labourers locally in Saipan and mainland USA.”

 

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ePlay Partners with Major Sports, eSports and Egaming Leader in China

George Miller

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ePlay Partners with Major Sports, eSports and Egaming Leader in China
Photo Source: forbes.com
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NextJoy Partnership brings ePlay technology and games to China’s massive esports and mobile gaming market

 

 ePlay Digital Inc.  announced a new Chinese distribution and marketing partnership with Next Joy. Next Joy is a major leader in esports, gaming, and augmented reality in China.

“ePlay and Next Joy have started working together to create a great platform for mobile gaming and esports,” says Andrew Wang, CEO of Next Joy. “We look forward to the first results of our teams’ collaboration with upcoming Big Shot launches in North American and China.”

Next Joy builds mobile games, is an esports broadcasting and news service reaching over 100 million viewers, and hosts some of the biggest esports events in the world. Next Joy and ePlay have begun working towards launching and marketing mobile games in China together.

“ePlay’s partnership with Next Joy is the first step of the company’s strategic execution in China”, says Philip Chen, Advisor for ePlay Digital. “China represents 38.7% global mobile esports game revenues on iOS and 30% for Android.”

“Working with Next Joy gives ePlay access to the Chinese gaming market,” says Trevor Doerksen, CEO of ePlay Digital. “Next Joy is a great partner to help ePlay introduce and grow massive audiences for our products and joint initiatives.”

 

About ePlay:
ePlay Digital Inc. is a mobile game creator and publisher specializing in sports, esports and entertainment augmented reality titles, including their new flagship title Big Shot Basketball. ePlay is operated by an award-winning team of sports, gaming and esports leaders as well as broadcast and digital technology industry experts, software engineers and athletes who have brought dozens of game titles to market for companies including Time Warner Cable, ESPN, Sony Pictures, AXS TV, Intel, AXN, Fiat, CBS, and others.

ePlay’s wholly owned subsidiary, Mobovivo esports specializes in augmented reality, mobile game development and mobile esports streaming.

About Next Joy:
NextJoy is a leading esports platform endeavors to develop internet based ecosystem providing all-round service including game, content creation and distribution.

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