Connect with us
SIS

Asia

Orix teams up with MGM for first Japan IR consortium

Niji Narayan

Published

on

Orix Teams up with MGM for first Japan IR consortium
Reading Time: 1 minute

 

MGM Resorts in partnership with Orix enter into a consortium in pursuit of a Japan IR license. A memorandum of understanding was signed by the two companies in late 2018.

Orix said that it would enter a consortia deal with Orix as equal partners with an eye on the development and operation of an IR in Osaka.

Orix CEO Makoto Inoue states, “We are considering teaming up with MGM” for business operations in Osaka. This is the first major Japanese domestic company to throw its hat in the ring for an IR.

The consortium will undertake the operation of the IR, while casino operations will be handled by MGM. Orix also approached many Kansai companies to participate in this consortium.

MGM Chairman and CEO Jim Murren announced an “Osaka First” policy at the beginning of this year with regards to an IR bid for the city in 2024. He also states, “We want to build IR in Yumeshima, Osaka. We want to work with local business to build an IR unique to Japan so that the world will know what this country has to offer.”

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.

Continue Reading
Advertisement
Comments

Asia

Chinese Public Security Minister Pledges Crackdown on Cross-border Online Gambling

Niji Narayan

Published

on

Chinese Public Security Minister Pledges Crackdown on Cross-border Online Gambling
Photo Source: csoonline.com
Reading Time: 1 minute

 

Zhao Kezhi, the Public Security Minister of China, has pledged to resolutely crack down on cross-border online gambling according to the law. Zhao made the remarks at a meeting to deploy forces to bust those involved in illegal gambling.

He said that the police will bust a series of major criminal cases that organise outbound gambling and use the Internet to open casinos, and bust networks of criminal organisations involved in recruiting gamblers from China by overseas casinos and using the Internet to open casinos in China.

He also said that the police will also crack down on “underground banks” and online payment platforms that provide a financial settlement for cross-border online gambling and other crimes, and wipe out domestic network operators and companies that provide technical support for such crimes.

Continue Reading

Asia

Philippines’ Maltese consulate supports Manila 2020 shows

George Miller

Published

on

Philippines’ Maltese consulate supports Manila 2020 shows
Roger Strickland and Eman Pulis
Reading Time: 2 minutes

 

Partnership will strengthen relationships and offer significant economic ROI

 

The Consulate of the Republic of the Philippines in Malta has announced its support for SiGMA Group’s planned initiatives in Manila. In 2020, SiGMA Group will launch SiGMA Manila and the Manila A.I. and Blockchain Summit following the opening of an office in the region.

The Group’s move eastwards capitalises on the strong interest in Asia for iGaming and emerging technologies, with an eye towards the growing value there for companies looking to move into up-and-coming iGaming markets. In collaboration with the Consulate, SiGMA hopes to strengthen trade ties, bringing fresh opportunities for business to European affiliates, operators, and suppliers.

Aside from taking on a supportive role for European companies looking to forge closer relations with their Asian counterparts, the launch of the Manila 2020 shows promises to bring a myriad of benefits to the hotspot, with the introduction of a number of international clients to the Asia region exerting a strong economic impact on the area.

The Philippine Consulate in Malta seeks to promote the Philippines as a business and holiday destination with the end view to strengthen relationships between Malta and the Philippines. With this in mind the Consulate aims to engender opportunities for Maltese-registered companies to exhibit at the SiGMA shows in Manila and to foster a connection with Philippine companies as well as build-up the event in the coming months.

Eman Pulis, CEO SiGMA Group, commented, “We’re going to help put the spotlight on the Philippines, embracing the best of the iGaming and tech communities, with the hope that these companies that we bring there will end up setting up offices and getting a licence in the Philippines.  We do not just want to react to what’s going on out there, but we want to take an active, leading role in not only bringing the Asian and European community together but also building long lasting commercial opportunities.”

Philippine Consul to Malta Roger A. Strickland Jr, a.h., added, “Having established the Consulate in January 2016 a lot of progress has been made in increasing awareness of the Philippines both as a Holiday Destination but also as a business gateway to the rest of Asia. The Philippines does not disappoint all those travellers who go the extra mile to visit it and absolutely nothing compares to the rich and abundant diverse natural resources the Philippines has to offer. What also makes the Philippines a truly wonderful country is the Filipino’s themselves thanks to their abundant talent, courtesy and warm hospitality. The Filipino workers hold a variety of skills, are bilingual, have a good educational level and are highly competent exhibiting highly reliable work ethics. We are very pleased to support SIGMA 2020 in Manila and the Consulate is available for any information that travellers or businesses might need in considering their options for their Asia focused business. ”

SiGMA Manila and Manila A.I. & Blockchain Summit will take place June 8th-9th 2020 at the SMX Convention Centre, Manila. The shows in Manila in 2020 expect to welcome over 600 exhibitors and 11,000 attendees from across the globe for two days of conferences and workshops, and premier networking events.

 

Continue Reading

Asia

Thailand Cops Swoop on Forest Gambling Den and Arrest 26 Gamblers

Niji Narayan

Published

on

Thailand Cops Swoop on Forest Gambling Den and Arrest 26 Gamblers
Photo Source: chiangraitimes.com
Reading Time: 1 minute

 

The Thailand cops have detained 26 people, including a tambon chief, for gambling on dice games and cockfighting at a den in a forest reserve in Nop Phi Tham district.

The gambling operation had reportedly been operating at that location for some time, prompting local villagers to lodge a complaint with provincial governor Chamroen Thippayapongtada.

Mr. Chamroen ordered Srivichai forest rangers to work with police at Nop Phi Tham and look into the complaint. The raid was carefully planned and soldiers from Vajirayudh army camp were brought in to assist. Twenty-one men and five women were detained in the operation.

Police seized equipment for hi-lo dice gambling and 10 fighting cocks. The den also housed a cockfighting ring.

Amphon Sangthong, head of Srivichai Taskforce, said that the suspects would be handed over to police at Nop Phi Tham station.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.