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FashionTV Gaming Group launches in Asia

George Miller

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FashionTV Gaming Group launches in Asia
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The Mega Brand online exceptional venture is set to sublicense its brand to operators and Software developers in Asia, to run FashionTV branded verticals for the first time via its unique B2B licensing model at G2E Macau

 

FashionTV Gaming Group, one of the fastest-growing companies in the global online gaming industry, is entering the Asian market for the very first time with a sublicensing model that will allow an exclusive number of Asian operators and software suppliers to leverage on the FashionTV brand power.

Following its 2019 series of successful launches in Europe, India and Africa, FashionTV Gaming Group, backed by the FashionTV global network, which enjoys over 2 billion viewers around the world, will unveil its B2B sublicensing model at the G2E Macau conference taking place between 21st-23rd May.

The model will allow operators and suppliers in Asia to run FashionTV branded gaming verticals such as fashiontvcasino.asia, fashiontvsport.asia, fashiontvlotto.asia, and fashiontvpoker.asia amongst others as well as develop and produce their own FashionTV branded games, such as Live dealer games etc. Other FashionTV franchise opportunities are available for operators offering bingo, scratch cards, fantasy sports, social games, skill games and more.

Being part of this franchise means that operators and suppliers can capitalise on the global reach and power of the FashionTV mega brand to significantly reduce the high marketing costs incurred when launching a new online gaming operation or branded game in markets across Asia.

FashionTV Gaming Group platforms already offer more than 5,000 slots, and live dealer and table games from 15+ game studios and software providers including, Microgaming, BetConstruct, The Stars Group, NetEnt, Evolution Gaming,Aspire Global , Playtech Affiliate Software Platform and more.

Aviva Baner, Head of Media, at FashionTV Gaming Group, said: “FashionTV is one of the most recognised brands in the world, and we have already enjoyed huge fast-growing success the online gaming space through the various FashionTV Gaming Group ventures with distinct partners around the world.

“We have identified Asia, FashionTV’s biggest global market, as a market that offers tremendous opportunities to expand our reach even further. We are looking to work with operators and Software suppliers interested on leveraging on the potential of this mega brand power, by launching online gaming websites and branded games across the region.

“This is a great opportunity for the Asian Online Gaming Industry to partner with us, and we look forward to working with various partners to join us in entering the Asian market whilst establishing FashionTV Gaming Group onto a truly global success story.”

FashionTV Gaming Group will be exhibiting at G2E Macau with members of the team on hand at stand D1405 to talk to delegates about their plans for the Asian market, as well as this unique B2B sublicensing model and discussing potential licence grants.

The Group will also be hosting daily fashion shows during the expo to allow delegates to sample the glamour and style that has made FashionTV a global phenomenon.

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Asia

Wazdan Secures New Partnership with Salsa Technology, extending their reach in Latin America and Asia

George Miller

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Wazdan Secures New Partnership with Salsa Technology
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Wazdan is excited to announce a new deal that will see its innovative online slot games integrated onto Salsa Technology’s market-leading Game Aggregation Platform.

This latest venture brings passionate slots producer, Wazdan, to the users of Latin American specialist iGaming platform, Salsa Technology, in a deal that sees Wazdan games available through the Salsa Technology platform, reaching casinos in Latin America and Asia.

Recently rebranded from Patagonia Entertainment, Salsa Technology is an omnichannel iGaming platform, which services both online and land-based operators through its leading Game Aggregating Platform (GAP). Founded out of the Latam region, Salsa Technology is the leading player in this part of the world, with its platform, technology and games portfolio all lab certified for Colombia and Mexico, as well as Asia and soon to be Europe.

Starting as a Video Bingo game development company, Salsa Technology has expanded to become a leader in the Latam iGaming market and increasingly around the globe, while still holding onto its status of producing some of the most renowned Video Bingo titles on the market.

The deal with Wazdan is a content partnership, where Wazdan’s range of first-class, tech-rich games will all be accessible through a single integration with the Salsa Technology Game Aggregation Platform (GAP). Available titles will include the award-winning Larry the Leprechaun and other new releases, such as Butterfly Lovers™, Magic Stars 9, and Dragons Lucky 8™ as well as a host of other player favourites from Los Muertos™ to Valhalla, and the entire Magic Stars series.

Salsa Technology will also gain access to the nine new games previewed at ICE London, once they have been made officially available.

“Salsa Technology is a leader in the Latam market, and we are thrilled to partner with them to offer our games to the users of their GAP. We are excited to continue to expand our reach in Latin America and proud to partner with a strong developer like Salsa Technology to do so,” said Andrzej Hyla, Head of Sales at Wazdan.

Salsa Technology’s Global Business Development Manager Victor Arias followed: “Wazdan works wonders with its creative casino content, and we couldn’t be happier to add these titles to our GAP. Butterfly Lovers™ is the perfect example of Wazdan’s cutting-edge titles.”

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Asia

MGM China Reports 2019 Annual Results

George Miller

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MGM China Reports 2019 Annual Results
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Group Revenue Grew 19% Year-on-Year Adjusted EBITDA Up 28%

 MGM China Holdings Limited (“MGM China” or the “Company”; SEHK Stock Code: 2282) announced the selected unaudited financial data of the Company and its subsidiaries (the “Group”) for the three months and 12 months ended December 31, 2019 (the “Year”).

  • During the Year, MGM China saw revenue up by 19% to approximately HK$22.8 billion. Adjusted EBITDA grew by 28% year-on-year to approximately HK$6.2billion.
  • Adjusted EBITDA margin improved by 197 basis points to approximately 27.2% from approximately 25.2% a year ago.
  • MGM China recorded a growth of approximately 37% year-on-year for mass table win, 1% growth for slot win; and flat year-on-year performance growth for VIP table game win.
  • Overall occupancy reached 93.1% (2018: 92.6%).
  • Full year market share rose to 9.5%, up from 7.9% in 2018, the highest in five years.
  • MGM China sees approximately 86% of profit from non-VIP businesses last year.
  • MGM COTAI continues to ramp since the property opened in February 2018. It recorded growth across all business segments. Adjusted EBITDA was up 177% to HK$2.4 billion. Main floor table games win was up 77% year-on-year to approximately HK$6.9 billion. Slot win was up 41% to HK$1.0 billion. VIP table games win was up 220% to approximately HK$4.0 billion.
  • Meanwhile MGM MACAU remains resilient and generated solid profit on the Peninsula, where accounted for about one-third of overall Macau gross gaming revenue in 2019. Adjusted EBITDA was down 4% to HK$3.8 billion last year with a margin of 30.9%. The property has completed a seven-month renovation on the casino floor in October. We have seen encouraging initial results on mass performance and look forwards to further optimization on gaming floor.
  • Premium focus remains the key strategy for MGM as we continue to focus on growth and profitability. We have opened all the villas of Mansions last year as part of our unique high-end offerings to boost player retention and new player acquisition.

MGM hotels are now closed, followed the Macau government decision on February 5 to temporarily suspend operations of all casinos in the city to prevent the spread locally of the coronavirus infection.

Grant Bowie, Chief Executive Officer and Executive Director of MGM China said: “We are grateful for the decisive actions and leadership of the Macau government it takes to contain the coronavirus. MGM places high importance on the health and safety of our team members, guests and all Macau citizens, and fighting against the epidemic is its current topmost priority. We will continue to work with government and our MGM team as we are preparing for the recovery.”

 

About MGM China Holdings Limited:

MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.

MGM China is majority owned by MGM Resorts International one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. For more information about MGM Resorts International, visit the Company’s website at www.mgmresorts.com.

SOURCE MGM China

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Asia

Bangladesh HC Declares Gambling Illegal

Niji Narayan

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Bangladesh HC Declares Gambling Illegal
Photo Source: bkejwanong.com
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The High Court of Bangladesh has declared gambling illegal at 13 clubs in five districts and other areas across the country. The bench of Justice Sheikh Hassan Arif and Justice Md Mahmud Hassan Talukder delivered the verdict opn, after disposing of a rule issued in this regard.

The clubs are Dhaka Club, Uttara Club, Gulshan Club, Dhanmondi Club, Banani Club, Officers’ Club, Dhaka Ladies’ Club, Cadet College Club, Chittagong Club, Chittagong Seniors’ Club, Narayanganj Club, Sylhet Club and Khulna Club.

In 2016, two Supreme Court lawyers had filed a petition seeking the High Court’s order to stop gambling at these 13 social clubs. The petition said that any kind of gambling is illegal. But these clubs arrange gambling for their members and they even put related information on their websites.

In September last year, the government had launched a crackdown on illegal casinos and gambling across the country. For the next two months, law enforcement agencies conducted around 50 raids across the country, during which nearly 300 people were arrested for their alleged involvement.

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