Connect with us
SIS

Asia

Philippine Government Allows Partial Reopening of POGOs

Niji Narayan

Published

on

Philippines Continues Chasing POGOs Despite Reports of Closures
Photo Source: SCMP
Reading Time: < 1 minute

 

The Philippine Government has allowed the POGOs to resume partial operations amid enforcement of community quarantine against COVID-19.

Presidential spokesperson Harry Roque said online gambling services are part of the business process outsourcing (BPO) sector, which are allowed to open under the new quarantine rules. A skeleton workforce, or only 30% of the total number of employees, are allowed to report for work.

“BPOs are allowed to operate. POGOs are part of the BPO (sector),” Roque said.

Philippine Amusement and Gaming Corporation (PAGCOR) Chairperson Andrea Domingo lobbied with government officials to allow POGOs to reopen, arguing that revenues from POGOs can be a significant source of funds for the government’s COVID-19 response.

“This is essential because we need revenues. POGOs generate revenues and employment, minus the threat of spreading the virus. All taxes from POGOs will be used, 100 percent, to fund the COVID-19 response,” Andrea Domingo said.

President Rodrigo Duterte’s spokesman clarified only compliant POGOs are allowed to go back to business. He said PAGCOR and the Bureau of Internal Revenue (BIR) are tasked to verify if they have complied with their tax requirements before giving them permits to operate once again.

Domingo said PAGCOR and the BIR will be stringent with this crucial step.

Asia

Sugal & Damani Joins UK National Lottery Race

Niji Narayan

Published

on

Sugal & Damani Joins UK National Lottery Race
Reading Time: < 1 minute

 

Indian lottery operator Sugal & Damani Group has entered the UK Gambling Commission’s competition to select an operator for the UK National Lottery.

Sugal & Damani had also participated in the 2007 tender process, where it was declared as a reserved bidder for running the UK lottery, which is the sixth-largest in the world by sales, and is currently operated by Camelot.

“As a leader in operating lotteries across India and other jurisdictions, Sugal & Damani has shown its deep interest to operate the UK National Lottery since 2007 when it participated and also got selected as a reserve bidder by qualifying all Required Standards like propriety, technology, player protection, channel management, financial capability, etc,” Kamlesh Vijay, Group CEO of Sugal & Damani, said.

“We are looking for a fair and open competition that UKGC has initiated, we are very much in the game, we are in the final stages of creating a strong consortium of credible partners, the details of which will be shared in due course,” Vijay continued.

“As far as the UK lottery market is concerned, it is a large one and highly reputed. There are a huge local following and brand reputation for the UK National lottery, but there are challenges in the market too because people are looking for new excitement and there is stiff competition from other gambling products. We believe that people have a soft corner due to the fact that lotteries contribute more towards well defined good causes, so that attitude is a big plus point. However, continued innovation is very much required in a responsible way to consolidate on this soft corner. Being an organization with deep-rooted innovation in every sphere of our activity we are happy to be in the competition,” Vijay concluded.

Continue Reading

Asia

Caesars and Mohegan Face Delays in Korean IR Projects

Niji Narayan

Published

on

Caesars and Mohegan Face Delays in Korean IR Projects
Reading Time: < 1 minute

 

Caesars Entertainment Corp and Mohegan Gaming & Entertainment are facing significant delays in their Korean integrated resort projects due to the financing concerns caused by the COVID-19 pandemic.

According to South Korean news outlets, Caesars Korea – part of the expansive project called Midan City in Yeongjong Island – and Mohegan’s Inspire are having trouble securing the final capital needed to complete their projects.

The future of Caesars Korea has been in some doubt over the past year following the merger between Caesars Entertainment Corp and Eldorado Resorts, with Eldorado CEO Tom Reeg – now CEO of the merged Caesars entity – stating in June 2019 that the company’s international expansion opportunity would “have to be stupendous for us to be running in that direction.”

The company subsequently stated in August 2019 that it was capping the amount of additional cash it was willing to directly invest into Caesars Korea at US$60 million – having already contributed US$80 million to the US$700 million project – with the remainder to be provided by outside financing. However, the company has spoken little publicly about its Korea project since the US$17.3 billion merger with Eldorado was completed in June of this year.

Mohegan Gaming CEO Mario Kontomerkos stated as recently as July that his company’s Inspire Korea project remained on track for a 2022 launch, adding that Mohegan remained fully committed to its international expansion efforts.

“The pandemic has shown us that diversification into the international arena is important for our ability to stand for those generations, and so the project in South Korea, called Inspire, remains on track for launch in 2022,” he said.

Continue Reading

Asia

Yokohama Mayor Fumiko Hayashi Says She Would Respect IR Referendum Results

Niji Narayan

Published

on

Yokohama Mayor Fumiko Hayashi Says She Would Respect IR Referendum Results
Reading Time: < 1 minute

 

Fumiko Hayashi, the mayor of Yokohama city, has committed to respect the results of a public referendum that will decide whether the city will compete to host an integrated resort.

The mayor said: “If the referendum as to IR takes place and the majority votes for opposition, I would act as in accordance with the results.”

Opponents campaigning against the IR plans collected voter signatures to trigger a referendum on the issue. A bill to permit the referendum will be submitted to the city’s council early next year.

On October 13, authorities in Yokohama announced a fresh request-for-concept (RFC) phase for its proposed IR bid to take revised proposals from potential private partners following the central government’s publication of its basic policy document on IR. This RFC will run until the end of November.

Continue Reading
Advertisement
NSoft

Subscribe to our News via Email

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

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.

Kasynos.Online