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Hong Kong’s Alphaslot enters global gaming market

Niji Narayan

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Hong Kong’s Alphaslot enters global gaming market
Photo Source: qz.com
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Alphaslot, a gaming technology provider based in Hong Kong, is going to enter the $200 billion global gaming market on the wings of its recent membership in the Macau Gaming Equipment Manufacturers Association (MGEMA).

“Alphaslot connects the gaming machines with customers on the casino floors synergistically overcome the limitations around interoperability, user experience, security and advance the widespread adoption of blockchain technology.” said MGEMA in an announcement. “It’s our honor that Alphaslot can join us and be a part of MGEMA. In the coming year, MGEMA will continue to strengthen and establish support of our member’s business development and strive to provide a platform for Macao economic growth, diversity and innovation hub.”

“Alphaslot’s commitment to fostering innovations and regulations in gaming has been significantly strengthened by our very first membership in Macau with MGEMA.” said Raymond Chan, Alphaslot Founder and CEO. “MGEMA is the absolute gateway to Macau’s wide-ranging entertainment sector. It is our great honor to granted admission in MGEMA alongside the America’s IGT, Australia’s Aristocrat, Japan’s Konami and Aruze and Singapore’s WEIKE at the largest entertainment city in the world.”

 

About Alphaslot:
Alphaslot is an entertainment focused blockchain foundation to create a transparent and reliable ecosystem for casino operators, regulators, and manufacturers. The tokenized motivation system provides customers with incentives to stay engaged and acting as a catalyst to bring growth for the steady-state gaming industry.

About MGEMA:
The Macau Gaming Equipment Manufacturers Association (MGEMA) was launched in Macau SAR in 2012 with the objective to work towards the diversification of economic strategies pursued by the government of Macau SAR. This initiative ensures that the opportunities created contribute to the development of the gaming equipment manufacturing and supporting sectors in Macau through its promotional campaign: “Designed in Macao”, “Incorporating Macao Concepts” and “Made in Macao”.

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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Goa CM Says Casinos are Essential for Tourism in the State

Niji Narayan

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Goa CM Says Casinos are Essential for Tourism in the State
Photo Source: livemint.com
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Goa Chief Minister Pramod Sawant has assessed the importance of casinos in the state and told that they are a very important part of the tourism industry as they attract tourists.

“During one of the media interviews, I was asked whether I support casinos. Casinos are one of the important parts of tourism as they attract tourists… of course, it is there,” Sawant said.

“We are getting direct and indirect revenue from the tourism industry. Now it depends on the stakeholders how to grow the industry, while the government can provide necessary infrastructure for them. We want to make it 100%,” Sawant added.

The Government of Goa has recently announced plans to ban residents from entering casino floors. However, the authorities did not set any timeline for the implementation of such a controversial measure.

“I am of the opinion that Goans should not be allowed in casinos. The Goa Gambling Policy makes it clear that casinos are allowed only for tourism purpose and not for Goans to visit. We have to sit and fix a date to ban Goa residents from casinos. They would be barred from entering offshore and onshore casinos,” Sawant said.

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Osaka City Planning Council Agrees to Change Yumeshima as Commercial Zone

Niji Narayan

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Osaka City Planning Council Agrees to Change Yumeshima as Commercial Zone
Photo Source: ft.com
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The Osaka City Planning Council has agreed to change Yumeshima island to a commercial zone from its current status as an industrial or semi-industrial zone. The change in status of the zone is to promote Yumeshima as an international tourist hub and develop an integrated resort (IR).

“We will guide reasonable land usage for the purpose of creating a new international tourism hub on the coastal area. It is easily accessible from the city and it is possible to secure a large amount of land,” the Council said.

Yumeshima, an artificial island in Osaka Bay, will host the World Expo 2025. Japan is planning to develop integrated resorts before the World Expo 2025. The development of Yumeshima will be worth around JPY 95.4 billion. The city will extend its Osaka Metro Central Line and will connect Yumeshima to the city.

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Chinese Gambling Employees Leave Cambodia as Ban Comes into Force

Niji Narayan

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Chinese Gambling Employees Leave Cambodia as Ban Comes into Force
Photo Source: scmp.com
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More than 10,000 Chinese citizens employed in the online gambling industry in Cambodia have been reportedly leaving, following the banning of gambling in the country.

Local news outlets from the Cambodian city of Sihanoukville, a coastal casino hub, reports that a large number of Chinese employees have left the area. The Cambodian government has announced that all online-gambling operations in the country will be banned with effect from early 2020. Almost all the gambling websites, conducting illegal operations, employ Chinese citizens. Most of their customers are also Chinese.

It may be noted that gambling is illegal in China. But many Chinese nationals engage with illegal gambling websites from neighboring countries. Even the Cambodian government’s ban on online gambling is said to be under pressure from China. There are also reports that China pressurizing the Philippines to ban all kinds of gambling in the country.

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