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Eventus International presents all encompassing event on Indian gaming industry

George Miller

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Eventus International presents all encompassing event on Indian gaming industry
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Whilst gambling and betting in India is heavily restricted, there have been periodic discussions on the need to reform and regulate the gaming and betting industry.

With the national general elections scheduled to be held in April-May 2019, many believe that the time is ripe to discuss and deliberate on the possible options before law and policy makers, and to brainstrorm the investment opportunities available in the present environment: not just in India, but in the broader South Asian region.

After successfully hosting Sports Betting & Gaming India (SBGI) summit in Goa in February this year, Eventus International has announced the rebranded Strategic Platform for iGaming Conference & Exhibition (SPICE), scheduled to take place on the 26th & 27th February 2019 in Goa, India.

The two-day event will delve into the impact and opportunities that comes with clear and well-defined legalised gambling. Presentations will discuss investment opportunities in online skill gaming and brick and mortar casinos, effective structuring of foreign investments and gaming businesses, responsible gambling and the player protection and the socio-economic and financial benefits of legalised gambling etc.

Says Yudi Soetjiptadi, Managing Director at Eventus International, “After the successful SBGI summit and exhibition last year, we hope to continue the dialogue with SPICE, which we hope will be received as a constructive initiative, presenting an opportunity to both the Indian government and regulator and the gambling and gaming industry.

Eventus International is in a privileged position to host India’s first betting and gaming event.

Eventus International is a highly professional, independent and global event producing company that specialises in gaming conferences and exhibitions; across Asia and Africa, attended by hundreds of senior delegates from the private and public sector. For more information on Eventus International, kindly visit:  eventus-international.com

Asia

Nagasaki Reconsolidates IR Bid Support from All Governors of Kyushu Island

Niji Narayan

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Nagasaki Reconsolidates IR Bid Support from All Governors of Kyushu Island
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Nagasaki has re-consolidated the IR bid support from all the regional governors of Kyushu Island.

The Kyushu Regional Strategy Conference, consisting of the seven governors of Kyushu region, as well as those of nearby Yamaguchi prefecture and Okinawa prefecture, plus the leaders of regional economic organisations, released an official message supporting Nagasaki’s IR bid.

Under the principle of “Kyushu is One,” potential IR operators were advised that they were expected to offer, and could be expected to receive, support for tourism development in the entire region.

While Nagasaki had gained early support from such regional associations, the regional unity behind its bid was briefly threatened by the prospect that either Fukuoka city or Kitakyushu city might join the IR race.

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Asia

Study Confirms High Rollers Gambled in Macau Despite COVID-19

Niji Narayan

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Study Confirms High Rollers Gambled in Macau Despite COVID-19
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A new study released by the Macau Research Centre has found that 60% of those who visited Macau during the COVID-19 pandemic did so for gambling, with each willing to spend around MOP$87,000 on average.

The research centre surveyed 103 visitors between March and May, of which 93.2% were from mainland China. With the threat of a 14-day quarantine upon leaving Macau, research showed those mainlanders chose to stay longer, with an average stay of 6.7 days. Around 59% stayed for more than five days.

The study also found that 59% of those surveyed visited Macau for gaming, while 87% had conducted gaming activities. Their gaming budget ranged from MOP$1,000 to MOP$500,000, with an average of MOP$87,000.

“Compared to the mass market, the spending decisions of this group of high-end customers may be less influenced by macroeconomic and social sentiment,” the study said.

Moreover, the visitors spent another MOP$45,549 during their visits on average, mostly on dining, shopping and hospitality.

The study also found the arrivals had visited Macau an average of 5.8 times in the last 12 months, while 83% of them had visited Macau at least three times in the last 12 months.

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Asia

Macau Gambling King Stanley Ho Dies at 98

Niji Narayan

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Macau Gambling King Stanley Ho Dies at 98
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Macau casino king Stanley Ho has died on Tuesday (May 26) at the age of 98. He was known as the godfather of Macau casinos and was instrumental in turning Macau into a gambling boomtown.

The flamboyant tycoon, who loved to dance but advised his nearest and dearest to shun gambling, headed one of the world’s most lucrative gaming businesses through his flagship firm, SJM Holdings Ltd, valued at about US$6 billion.

Ho spearheaded what is known in Macau as the junket VIP system, whereby middlemen act on behalf of casinos by extending credit to gamblers and taking responsibility for collecting debts.

Some of Ho’s children have become successful gaming operators in their own right. Daughter Pansy is the co-chairperson of MGM Resorts’ Macau unit while son Lawrence runs Melco Resorts & Entertainment.

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