Connect with us
SIS

Asia

Hong Kong’s Alphaslot Announces Multimillion USD Investment Led by China’s Sora Ventures to Build Its Blockchain Ecosystem for Gaming Entertainment

George Miller

Published

on

Hong Kong's Alphaslot Announces Multimillion USD Investment Led by China's Sora Ventures to Build Its Blockchain Ecosystem for Gaming Entertainment
Reading Time: 2 minutes

 

Alphaslot, the blockchain gaming ecosystem creator, announced that it raised a multimillion USD investment round led by Sora Ventures from mainland China with the participation from Hong Kong’s Credito Capital and Shinobi Capital, Singapore’s Spartan Group, Netherland’s TRG, Silicon Valley’s Primitive Ventures and others. Alphaslot also announced that Paul Veradittakit, Partner at Pantera Capital in Palo Alto, California, has joined the team as an advisor.

“We have seen tremendous growth in visitation to gaming destinations worldwide with over 39 million visitors to Las Vegas and 32 million to Macau last year. There is strong demand for new entertainment experiences that attract new players and a blockchain ecosystem is the catalyst,” said Raymond Chan, Founder and CEO of Alphaslot. “We received great response to our presentation at the Blockchain Summit in Reno, NV last month hosted by America’s Gaming Standards Association and attended by government officials of The State of Nevada, technology executives from IBM, Oracle, Intel and Macau gaming operator Melco Resorts. This second round of investment proves the confidence from investors on what we have achieved so far, and will absolutely speed up our blockchain deployment plan.”

“We love to support high-caliber founders who are transforming major industries,” comments Jason Fang, Managing Partner at Sora Ventures. “Upon meeting Raymond and Alphaslot’s management team, it was immediately apparent to us that they are on such a mission. We believe the Alphaslot team can truly elevate the gaming experience by a blockchain ecosystem.”

Alphaslot will use the new funds to expand operations in Hong Kong and to speed up the launch of its tokenized blockchain entertainment platform in the gaming industry. Please go to www.alphaslot.io for more information.

 

About Alphaslot:

Alphaslot is a Hong Kong company focused on blockchain technology. Our management team has solid experience in gaming technology development, channel distribution and compliance assessment. Alphaslot achieves the application of the token economy with the use of blockchain, and will gradually expand to relevant businesses such as e-sports and the management and regulation of the digital asset market. Alphaslot has now obtained backing from several top funds, including Sora Ventures, and follows the footsteps of Japanese gaming giants Sega-Sammy and KONAMI as the third Asian technology company to join the U.S. GSA, as well as being the first blockchain technology company to be a member of GSA. In future, Alphaslot and GSA will work with government regulatory authorities, continuously driving the development of blockchain in the entertainment industry.

 

Source: Alphaslot

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Asia

New Chief Executive Promises to protect Macau’s Gaming and Tourism Industry

Niji Narayan

Published

on

New Chief Executive Promises to protect Macau’s Gaming and Tourism Industry
Photo Source: macaubusiness.com
Reading Time: 1 minute

 

Ho Iat Seng, the new Chief Executive of Macau, has promised to protect the future of Macau’s gaming and tourism industries.

Speaking at a media conference in Beijing, Ho pointed to the “one country, two systems” principle and national security law as playing an important role in the stability of the city which in turn was vital to its ongoing prosperity.

“One can see that Macau has been doing quite well over the past 20 years in the one country aspect, including the enactment of a national security law. With such legislation, we can prevent interference by foreign influences. If they dare to come to intervene, we will make use of our law to safeguard the one country. We won’t allow foreign influences to have a hand in Macau’s affairs,” Ho said.

“Macau cannot afford to fall into chaos. Macau is a tourism city. Our major revenue comes from tourism and the gaming industry. We need to protect people’s livelihood,” Ho added.

Asked about the impending expiration of Macau’s six gaming concessions and sub-concessions in 2022 and the progress of plans for re-tendering, Ho explained that a draft had already been developed which would be refined and amended once the new administration takes over in December.

Continue Reading

Asia

Goa CM Says Casinos are Essential for Tourism in the State

Niji Narayan

Published

on

Goa CM Says Casinos are Essential for Tourism in the State
Photo Source: livemint.com
Reading Time: 1 minute

 

Goa Chief Minister Pramod Sawant has assessed the importance of casinos in the state and told that they are a very important part of the tourism industry as they attract tourists.

“During one of the media interviews, I was asked whether I support casinos. Casinos are one of the important parts of tourism as they attract tourists… of course, it is there,” Sawant said.

“We are getting direct and indirect revenue from the tourism industry. Now it depends on the stakeholders how to grow the industry, while the government can provide necessary infrastructure for them. We want to make it 100%,” Sawant added.

The Government of Goa has recently announced plans to ban residents from entering casino floors. However, the authorities did not set any timeline for the implementation of such a controversial measure.

“I am of the opinion that Goans should not be allowed in casinos. The Goa Gambling Policy makes it clear that casinos are allowed only for tourism purpose and not for Goans to visit. We have to sit and fix a date to ban Goa residents from casinos. They would be barred from entering offshore and onshore casinos,” Sawant said.

Continue Reading

Asia

Osaka City Planning Council Agrees to Change Yumeshima as Commercial Zone

Niji Narayan

Published

on

Osaka City Planning Council Agrees to Change Yumeshima as Commercial Zone
Photo Source: ft.com
Reading Time: 1 minute

 

The Osaka City Planning Council has agreed to change Yumeshima island to a commercial zone from its current status as an industrial or semi-industrial zone. The change in status of the zone is to promote Yumeshima as an international tourist hub and develop an integrated resort (IR).

“We will guide reasonable land usage for the purpose of creating a new international tourism hub on the coastal area. It is easily accessible from the city and it is possible to secure a large amount of land,” the Council said.

Yumeshima, an artificial island in Osaka Bay, will host the World Expo 2025. Japan is planning to develop integrated resorts before the World Expo 2025. The development of Yumeshima will be worth around JPY 95.4 billion. The city will extend its Osaka Metro Central Line and will connect Yumeshima to the city.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

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

Latest by author

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.