Connect with us
SIS

Asia

Aruze Gaming Installs Super Big Wheel at City of Dreams

Niji Narayan

Published

on

Aruze Gaming Installs Super Big Wheel at City of Dreams
Photo Source: twitter.com
Reading Time: < 1 minute

 

Aruze Gaming has installed its Super Big Wheel at City of Dreams. The installation forms part of a new ETG zone at City of Dreams and is one of two new Aruze products to be deployed on the main gaming floor, alongside Lucky Roulette.

Super Big Wheel is an X station platform with dual LCD screens. Players can select any of the six coloured areas on the area bet screen to bet on the side game, which also offers a chance at winning a jackpot.

Lucky Roulette is an immersive new roulette game that features an automated roulette wheel with evocative dynamic projection imaging. The three-dimensional visual experience combines the appeal of a traditional roulette.

Asia

Philippines Approves New 5% Tax on Gaming Revenues of POGOs

Niji Narayan

Published

on

Philippines Approves New 5% Tax on Gaming Revenues of POGOs
Reading Time: < 1 minute

 

The Philippines authorities have approved a new 5% tax on the gaming revenues of Philippine Offshore Gaming Operators (POGOs).

The House Committee on Ways and Means passed the measure which sees POGOs classified as resident corporations and therefore subject to an additional 5% franchise tax on top of current tax and fees.

PAGCOR currently collects a 2% franchise tax from licensed offshore operators, generating around Php8 billion in revenue each year, but the 5% tax is expected to push that figure to Php20 billion.

The new measure also allows for all foreign employees of POGOs earning Php600,000 (US$11,850) or more to be taxed 25% on their wages and other allowances, potentially pushing the government’s annual revenue from the POGO industry north of Php45 billion.

Continue Reading

Asia

Macau’s DICJ Conducts iGaming Inspections During MGS 2019

Niji Narayan

Published

on

Macau’s DICJ Conducts iGaming Inspections During MGS 2019
Photo Source: timeout.com
Reading Time: < 1 minute

 

Macau Gaming Inspection and Coordination Bureau (DICJ) has conducted iGaming inspections during MGS Entertainment Show 2019, as part of an ongoing campaign to ensure exhibitors are not engaging in the display or promotion of consumer-facing iGaming products.

The operation, carried out alongside the Judicial Police and Macao Trade and Investment Promotion Institute (IPIM), involved “various surveillance actions” to check whether exhibitors were promoting illegal online games, the creation of gaming websites or other activities related to illicit gambling.

No such cases were detected, although unspecified irregularities individually committed by some exhibitors were corrected on the spot, the DICJ said. Information leaflets were also distributed to all exhibitors clarifying Macau’s legal provisions.

Continue Reading

Asia

New Wave Esports Announces Strategic Investment in Talon Esports

Niji Narayan

Published

on

New Wave Esports Announces Strategic Investment in Talon Esports
Reading Time: < 1 minute

 

New Wave Esports Corp has announced a strategic investment in Talon Esports Limited (Talon). In addition to the Investment, New Wave will work closely with Talon’s leadership to provide advisory support services to help fuel continued growth.

“We are looking to build on our momentum from 2020 by expanding into additional international gaming titles and further developing our brand through the establishment of our very own creative studio. With the addition of New Wave Esports’ leadership and expertise, we are equipped to continue our aggressive growth and achieve our vision,” Sean Zhang, CEO of Talon Esports said.

“Talon’s proven ability to show revenue growth and thorough execution with no external capital raises to date sets them apart as a strong, leading esports organization. Through the new investment and strategic partnership with Talon Esports we are excited to continue building the next generation of esports as a commitment to executing against our Asian growth strategy we announced in October,” Daniel Mitre, CEO of New Wave Esports said.

Pursuant to the terms of a Subscription Agreement dated November 13, 2019, between New Wave Esports and Talon, the Company has subscribed for 681,818 common shares in the capital of Talon at a price of USD$0.44 per Talon Share, for an aggregate investment amount of USD$300,000.

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

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: [email protected]

Copyright © 2015 - 2019 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

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.