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IESF Partners with MEI to Support the Development of Esports in China

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The International Esports Federation (IESF) has teamed up with Major Events International (MEI) to sign a Memorandum of Understanding (MoU) to play a role in the further development of professional Esports in China.

At a time where the Esports industry is growing exponentially year on year, the MoU aims to support IESF’s strategy to expand responsible gaming in China. China has been a member of IESF since 2016. This involves promoting wider participation, hosting more competitions and creating a stronger brand presence. IESF will have access to MEI’s strong local presence in China and work together with MEI’s Chinese regional office to achieve these objectives.

“MEI brings together Rights Holders and Host Cities with the support of their commercial company network. This provides a platform for our development and engagement in China and is a formula that IESF embraces, enhancing our philosophy of collaboration and partnership. This is the reason why we decided to choose MEI as our support partner for such a strategic market as China,” Boban Totovski, Secretary-General of IESF, said.

“We have been incredibly impressed with the ambition and clearly articulated global strategy of the IESF leadership team. Building on their support to our Summits and helping them identify sponsors for their own activities, this China-focused project is a logical next step in our relationship. MEI routine operations in China involve support to significant sports related infrastructure, effective event hosting as well as attracting iconic World Championships, so the IESF relationship is entirely compatible with these existing objectives,” Dennis Mills, Chief Executive Officer of MEI, said.

Asia

Fun88 Announces Exciting Partnership with Dabang Delhi Kabaddi Club for Pro Kabaddi League Season 10

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Online gaming brand Fun88 has announced its latest partnership, becoming the title sponsor of the Dabang Delhi Kabaddi Club, the current reigning champion of the Pro Kabaddi League Season 8, for the ongoing Season 10, which kicked off on December 2.

This collaboration marks a significant milestone in the world of sports and entertainment, bringing together two dynamic forces committed to delivering exceptional experiences to fans.

Dabang Delhi Kabaddi Club has consistently demonstrated excellence both on and off the kabaddi field, and this partnership reaffirms their dedication to providing fans with electrifying moments. Fun88, with its reputation as a premier gaming platform, aligns perfectly with Dabang Delhi Kabaddi Club’s vision of success.

Durganath Wagle, CEO of Dabang Delhi KC, said: “We are thrilled to welcome Fun88News on board as a Title sponsor for the upcoming Pro Kabaddi League season. This collaboration represents a shared passion for delivering excitement and entertainment to our fans. Fun88’s innovative gaming platform aligns seamlessly with our vision, and we look forward to a successful and engaging season together.”

John Smith, Marketing Manager of Fun88, said: “FUN88 is delighted to be in association with Pro Kabaddi League Club Dabang Delhi. Together with the club, we live the dream of expanding our fan base, especially in India. FUN88 News is optimistic that this partnership will assist us in becoming the leading gaming, entertainment, and news platform in India.”

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India: Six People, Including Cops, Arrested After Ranchi Police Busts Illegal Gambling Den

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Six people, including cops, were arrested after the Ranchi Police busted an illegal gambling group in the Gonda area of Jharkhand’s capital.

In recent news, six people, including cops were arrested after the Ranchi Police busted an illegal gambling den in the Gonda area of Jharkhand’s capital. Acting on the received information, a police team raided the spot. Reportedly, a sum of five lakh rupees was seized from the accused.

BJP State President Babulal Marandi raised his concern over the incident, emphasising on the involvement of police personnel stationed at CM Hemant Soren’s residence in the gambling operation. Marandi suggested that there might be pressure on the police, leading to potential manipulation of the case.

He even took to his official handle on X (formerly Twitter), to express his worries over the state’s leadership being involved in wrongdoings. He also questioned where the money earned from the gambling activities was going.

The station in-charge Ravi Thakur confirmed the arrests. A detailed investigation into the matter is underway. The illegal gambling activities were reportedly ongoing in the police like area for several days. Upon receiving the information about the illegal gambling den, Ranchi SSP formed the team who conducted the raid.

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Genting Berhad Reports Group Revenue of $1.57 Billion for Q3 2023

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Genting Berhad has posted its financial report for the third quarter of 2023, highlighting a 20.39% increase year-on-year in its group revenue to RM7.37bn ($1.57bn).

This improved performance in the group’s revenue was contributed mainly by the Leisure & Hospitality Division continuing to recover.

There was a significant increase in the group’s net profit from the previous year’s third quarter results, seeing them go up 177.16% to RM995m.

EBITDA also saw an increase, going up from RM2.06bn in the third quarter of 2022 to RM2.73bn in the third quarter of 2023, representing an increase of nearly 33%.

Resorts World Sentosa continued to benefit from the sustained recovery of travel and tourism within the region, seeing both revenue and EBITDA increase, while Resorts World Genting recorded higher revenue this quarter due to a higher volume of business registered by its gaming and non-gaming segments; owing to the relaxation of border control as compared to Q3 2022.

Genting mentions that its financial performance for the rest of the 2023 financial year may be impacted by a number of factors, including the continuation of domestic demand employment growth; and the regional gaming market is expected to continue its recovery as airline capacity and air connectivity in the region improves.

The report also mentions that Resorts World Sentosa has collaborated with a local charity organisation called Food from the Heart to fund, to enable the distribution of fresh, locally sourced produce to 2400 underprivileged families across the island over the next three years.

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