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Shambhala Resort to Open Soon

Niji Narayan

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Shambhala Resort to Open Soon
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Shambhala resort, the largest integrated resort project in Russia, is to open soon, according to the Primorye Development company which is heading the project.

No specific date has been given, but the firm said the IR will open “in the very near future.”

Vera Shcherbina, First Vice Governor of Primorsky Territory, also said the state is expecting the launch to see tax revenues double to around RUB200 million.

“If last year about RUB100 million (US$1.36 million) came to the budget of the Primorsky Territory, then this year it will be more than RUB200 million. We expect that by 2025 the amount of tax revenues will be about RUB2.5 billion (US$34 million), and after the project reaches full capacity, in the long term, about RUB4.5 billion (US$61.2 million),” Shcherbina said.

In a press release, the corporation explained that the commissioning act for the Shambhala resort still needs to be signed before an opening date can be established.

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New Research Says VR Consumer Content Revenue Will Exceed $7 Billion in 2025

Niji Narayan

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New Research Says VR Consumer Content Revenue Will Exceed $7 Billion in 2025
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A new report from Juniper Research has found that consumer virtual reality content will bring over $7 billion in revenue in 2025, an increase of over 160% on the $3 billion it is expected to generate in 2020. The primary driver for consumer content in this space will be console gamers, which will account for 41% of revenue generated in 2025.

The new research, Virtual Reality Markets: Platform Trends, Market Analysis & Forecasts 2020-2025, expects console content revenue to be buoyed by a presence from larger developers that are often absent in most other VR platforms. The report also notes that standalone VR will be the fastest-growing user base in the next five years; taking over from smartphone-based VR, which will stall, following the exit of Google and Samsung from the market last year. Juniper Research expects mobile VR to decline over the next five years, with only 1.2 million headsets in use by 2025.

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NetGame Entertainment becomes new game provider for SoftSwiss Game Aggregator

George Miller

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NetGame Entertainment becomes new game provider for SoftSwiss Game Aggregator
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SoftSwiss Game Aggregator announces that a casino software brand, NetGame has just been added to its game providers list.

Under the reached agreement, NetGame will provide its full gaming portfolio to SoftSwiss’ partners, which comprises more than 30 online slot games that run on the HTML5 platform. Net Game’s games will be distributed across a range of clients which rely on SoftSwiss Online Casino Platform and Game Aggregator.

SoftSwiss’ Aggregator Team Lead, Tatyana Kaminskaya, noted: “We’re very excited to add NetGame to our vast game providers portfolio. We do hope that our mutual cooperation will help drive further growth for our clients’ business”.

NetGame Entertainment’s CEO, Andrey Zhurilo, said: “SoftSwiss’ ever-expanding Game Aggregator is held in the highest regard within the iGaming industry and this deal will enable us to offer our high-quality slots to a wider audience.”

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IMG ARENA signs long term extension with Ekstraklasa

George Miller

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IMG ARENA signs long term extension with Ekstraklasa
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IMG ARENA, a leading sports betting service and content hub, has secured an extension to its global* live streaming partnership with Poland’s premier football league, the Ekstraklasa.

The multi-year renewal will see IMG ARENA package live footage from the competition for betting and gaming operators to offer to their customers.

Following a period of commercial growth, Ekstraklasa paid record revenues to its clubs in 2019-20, and the league is set to grow from 16 to 18 teams from 2021-22, providing a greater volume of matches and further increasing the live streaming coverage.

Freddie Longe, Executive Vice President and Managing Director of IMG ARENA, said: “The Ekstraklasa is an ambitious organisation with an entertaining product. We are delighted to be extending our partnership and to stream a growing number of matches.

“Football is the world’s most popular sport, and we are committed to ensuring we have a high quality, diverse portfolio of content to engage fans across the globe.”

Marcin Animucki, President and CEO of Ekstraklasa, said: “IMG ARENA has played a vital role in helping our organisation drive revenues for our members with packaged, engaging content that sustains and builds interest in Ekstraklasa around the world. We take great pleasure in announcing the renewal of the partnership and look forward to building on this mutually beneficial collaboration.”

The Ekstraklasa was formed in 1926, with 82 teams competing in the division since it was founded. Current champions Legia Warsaw won their 14th title in 2019-20, making them the joint most-successful club alongside Wisla Krakow and Gornik Zabrze. A total of 16 different teams have lifted the trophy.

Headquartered in London, IMG ARENA works with more than 460 leading sportsbook operators worldwide, providing always-on services including 24/7 live streaming and on-demand virtual sports products designed to evolve and inspire engagement by placing fans at the heart of the action. In 2019, more than 175 million hours of IMG ARENA content was watched by 56 million unique viewers around the globe. IMG ARENA’s clients include the ATP, UFC, the PGA TOUR, European Tour, the FA Cup and Serie A.

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