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Asia Pioneer Entertainment Holdings Limited: Voluntary Announcement Commencement Of New Business Activity

George Miller

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Voluntary Announcement Commencement of New Business Activity
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This announcement is made by Asia Pioneer Entertainment Holdings Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) on a voluntary basis. The purpose of this announcement is to keep the shareholders of the Company (the ‘‘Shareholders’’) and the potential investors informed of the latest business development of the Group.

The board (the ‘‘Board’’) of directors (the ‘‘Director(s)’’) of the Company wishes to inform the Shareholders and the potential investors that the Group intends to commence sports and sports-related entertainment businesses, including sponsorship and promotion of sports events and operating sports entertainment venues in Macau (the ‘‘New Business’’), through APE Sports and Entertainment Limited, a wholly-owned subsidiary of the Company incorporated in Macau.

The Group is a total solutions provider of electronic gaming equipment (the ‘‘EGEs’’) for land based casinos in Macau as well as other regions in Asia. The Group’s existing business include (i) technical sales and distribution of EGEs to land based casinos; (ii) the repair of EGEs and sale of spare parts; (iii) consultancy to suppliers or manufacturers of EGEs to casino gaming supplier market; (iv) sales of refurbished EGEs; and (v) lease sales and leasing of EGEs. The Group has been actively exploring new business opportunities in order to diversify its income stream and bring a higher return to its Shareholders. Taking into account the increasing awareness of health and increasing demands for sports events in Macau, the Directors are of the view that the commencement of the New Business will be a good opportunity for the Group to diversify its income stream and may enhance the financial performance of the Group. Accordingly, the Board is of the view that the commencement of the New Business will be in the interest of the Company and the Shareholders as a whole.

The Group will conduct the New Business in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the ‘‘GEM Listing Rules’’), and make further announcements in accordance with the GEM Listing Rules as and when appropriate.

Asia

Yokohama Mayor: Local IR Plans Must Wait on Central Government Policy

Niji Narayan

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Yokohama Mayor: Local IR Plans Must Wait on Central Government Policy
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Fumiko Hayashi, the Mayor of Yokohama, has acknowledged that her city’s implementation policies, originally scheduled for publication in June, must wait until after the central government finally issues its long-overdue IR Basic Plan.

She added that any prospect that her city could publish its implementation policies by the end of August had now dried up.

“We are closely watching the situation,” she added.

Doubts are growing that the national government will stick to the current timeline of accepting IR licensing applications from the local governments between January and July of next year, though the Abe administration has yet to give a clear indication of its intentions.

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Asia

PAGCOR Reports US$48 Million Loss in Q2 2020

Niji Narayan

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PAGCOR Reports US$48 Million Loss in Q2 2020
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Philippine gaming regulator PAGCOR has reported a loss of US$32.5 million in the six months to 30 June 2020.

While PAGCOR did not break down its 1H20 financials by quarter, it had previously reported a net income of US$15.8 million for the first three months of 2020, suggesting a loss of US$48.4 million during Q2.

PAGCOR reported income from gaming operations of Php18.44 billion in the first six months of this year, down 49.6% fromUS$714.5 million in the same period in 2019. US$350.4 million of that income was generated in Q1 2020, meaning income from gaming operations totaled just US$24.8 million in Q2 2020.

The regulator said its income from licensed casinos totaled US$138.4 million – none of which was generated in the second quarter, while income from POGO operations was US$59.4 million of which US$22.6 million was second-quarter income.

Gaming operations across the Philippines were shut down on March 15 after President Rodrigo Duterte implemented community quarantine across the main island of Luzon. While some areas have since been allowed to reopen, the national capital region comprising metro Manila remains under strict general community quarantine with casinos and other gaming venues having now been closed for more than four months.

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Asia

UFC Partners with Peacekeeper Elite Mobile League

Niji Narayan

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UFC Partners with Peacekeeper Elite Mobile League
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Game publisher Tencent and Chinese esports tournaments organiser VSPN have announced that their co-hosted esports competition Peace Elite League (PEL) has signed a strategic partnership deal with American mixed martial arts league Ultimate Fighting Championship (UFC).

PEL is the official league for Tencent’s mobile shooter known as Game for Peace or alternately Peacekeeper Elite, a modified version of PUBG Mobile.

PEL’s official Weibo post on the news does not share many details on the collaboration, which has the theme “Unstoppable Ambition,” but it notes that this is UFC’s first esports partnership in China and that the companies plan to activate the alliance in various ways.

“In the future, the two parties will carry out in-depth cooperation in multiple dimensions, and innovatively inject sports genes into esports events,” reads the translated post.

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