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Sands China Launches Special Financing Support Programme for Local SMEs

Niji Narayan

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Sands China Launches Special Financing Support Programme for Local SMEs
Photo Source: sandschina.com
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Sands China, the integrated resort developer and operator in Macau, has launched a special financing programme for its local SME suppliers, in cooperation with six local banks.

The new financing programme is part of Sands China’s F.I.T. initiative which offers Financial Support, Invitational Matching and Training and Development to local SME suppliers.

Through the Sands China SME Financial Support Programme, six local banks are offering special loans and credit to local SMEs who have contracts or purchase orders with Sands China. The goal is to support the development of local SMEs through faster, easier and more favourable bank financing loan products.

“Sands China is very pleased to be the first integrated resort operator in Macao to present this new financing program for our local SME suppliers. It is important for our company’s growth to go hand-in-hand with the growth of local businesses, and this latest initiative is part of Sands China’s ongoing and long-term commitment to supporting local SME suppliers. We want our presence in the marketplace to provide opportunities for smaller companies in Macao to benefit from the business opportunities that are created as a result,” Dr. Wilfred Wong, president of Sands China Ltd said.

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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Asia

Sri Lanka Recognises Esports as an Official Sport

Niji Narayan

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Sri Lanka Recognises Esports as an Official Sport
Photo Source: readme.lk
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The Ministry of Sports in Sri Lanka has declared Esports as an official sport in the country. Sri Lanka has thus become the first country in the South Asian region to officially recognise Esports as a sport. The declaration comes as the result of over a decade long effort of the Sri Lanka Esports Association (SLESA).

The National Olympic Committee of Sri Lanka (NOCSL) had already endorsed Esports in Sri Lanka with their show of support for Sri Lanka’s participation in the 18th Asian Games, where Esports was included as a demonstration sport.

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Asia

Spectrum Asia Expands to Meet Growing Demand for Gaming-Related Services

George Miller

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Spectrum Asia Expands to Meet Growing Demand for Gaming-Related Services
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As the Government of Japan takes the first steps toward the introduction of integrated resorts and casino gaming continues to expand rapidly from Vietnam to Vladivostok, Russia, the Spectrum Asia specialty unit of Spectrum Gaming Group has expanded its global team of experts to address the growing need for expert, independent services related to all aspects of the gaming industry.

“Spectrum is enhancing and increasing our Asia team to offer our full range of services to our governmental and private-sector clients in Asia and Australia,” said Spectrum Managing Director Fredric Gushin, who has worked extensively in Asia since 1993. “Our growth reflects our continuing commitment to the Asia-Pacific region and our ongoing efforts to implement regulated gaming around the world. Our team is poised to assist our clients in all aspects of gaming control, strategic planning and development.”

Spectrum Asia has worked in 17 Asian jurisdictions, delivering services that include:

  • Due diligence investigations
  • Economic and social impact studies
  • Feasibility studies and market analyses
  • Legislative and regulatory services
  • Litigation support
  • Operator and developer services
  • Public policy guidance
  • Regulatory and anti-money-laundering compliance consulting
  • Risk assessment
  • Strategic planning

In addition to Gushin, the Spectrum Asia team includes the following senior-level professionals:

  • Dennis Andreaci, Senior Projects Advisor: Andreaci is an internationally recognized gaming industry executive with extensive experience in Asia, having held senior positions with Galaxy Macau, Marina Bay Sands, Sands Macao, Solaire and Venetian Macao.
  • Paul Bromberg, Senior Vice President, Investigations: Bromberg, an expert on Chinese and Southeast Asian business affairs, has been overseeing and conducting investigations in Asia since 1988, during which he has worked closely with government and law enforcement agencies. Bromberg has worked with Spectrum on numerous projects since 1993.
  • Asaka Ishiyama, Senior Vice President, Japan: Ishiyama, who heads the Spectrum Asia office in Tokyo, has more than 35 years of hands-on business experience in real estate, construction, financing, and business with both foreign and Japanese companies, including extensive exposure to American, Australian, Southeast Asiana and South Asian business cultures. He previously was head of Citigroup’s asset management group.
  • William Kisby, Senior Vice President, Investigations: Kisby is the CEO of Spectrum subsidiary NFC Global Solutions, a leading worldwide provider of due diligence, compliance and risk consulting services for more than 25 years. Kisby served as Deputy Project Manager in many of Spectrum’s investigations in Asia. He served 27 years with the New Jersey State Police, 15 of which were with the New Jersey Division of Gaming Enforcement Casino Intelligence Unit.
  • Heather Scheibenstock, Senior Vice President for Business Development, Asia: Based in Australia, Scheibenstock has extensive experience in corporate leadership and in the gaming industry. She has served in executive positions at Australian Gaming & Entertainment, Echo Entertainment Group, Jupiters Hotel & Casino, and Solaire Resorts.

Additionally, Spectrum Asia is formally allied with Mahony Global, a Melbourne, Australia-based consultancy specializing in management recruitment, strategic planning, and corporate governance.

“With the ongoing development of new casinos and the accelerating activity of license applications and renewals throughout Asia and Australia, the requirements for excellence in compliance and a deep understanding of the regulatory environments has never been more important,” Scheibenstock said. “Operators need to stay informed on developments and innovations from around the world. As a global company with in-depth knowledge across all facets of the industry, Spectrum Asia offers an invaluable proposition.”

Visit https://www.spectrumgaming.com/spectrum-asia/ for more information about Spectrum Asia, or email solutions@spectrumgaming.com

 

About Spectrum:

Spectrum Gaming Group is a non-partisan consultancy that specializes in the economics, regulation and policy of legalized gambling worldwide. We have provided independent research and professional services to public- and private-sector clients since 1993. We bring wide industry perspective to every engagement, having worked in 40 US states and territories and in 48 countries on six continents.

 

Source: Spectrum Gaming Group

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Asia

ITL welcomes new Business Development Manager for SE Asia & Australasia

George Miller

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ITL welcomes new Business Development Manager for SE Asia & Australasia
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Innovative Technology, the leading provider of banknote validation and recycling technology have recently welcomed Ong Choo Teong to their APAC operations as Business Development Manager for South East Asia and Australasia. Ong will be based in Malaysia and is responsible for all sales activities in these established yet growing territories for ITL.

Commenting on his role Ong said, “I am delighted to take on such an important role at a time where ITL is experiencing rapid expansion. Innovative Technology is a dynamic organisation with an increasing presence throughout the globe and I am looking forward to helping grow our reach in these emerging markets.  I am settling in well and enjoying travelling across Asia to meet up with both current and potential customers.”

Ong will be responsible for all sales activities, from formulating and executing sales strategy, identifying sales opportunities, following up leads, securing new business and driving deployment of solutions. He will also support order processing and other related areas of the business as well as setting up and managing Trading Partners within the specified regions.

Welcoming Ong to the organisation, Tony Morrison, Group Sales Director said, “Ong has over 10 years’ experience in various sales and account management roles within the retail industry so is ideally placed to take on this opportunity. In his previous position Ong had responsibility for an entire retail sales division in Malaysia therefore knows the industry’s key customers well and already has many established executive-level relationships.  As an organisation we have the right products for the region and are keen to capitalise on various potential areas of growth within South East Asia and Australasia and I look forward to working with Ong to successfully achieve this.”

Check out their innovative product range: https://innovative-technology.com/products/products-main

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