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Interblock Renews its ETG Lease Deal with PAGCOR for an additional 3 Years

George Miller

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Interblock Renews its ETG Lease Deal with PAGCOR for an additional 3 Years
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Luxury gaming manufacturer and electronic table game (ETG) market leader Interblock® announced the renewal of its ETG lease deal with the Philippine Amusement and Gaming Corporation (PAGCOR) for another 3 years via its long term partnership with Indepth Insights Inc. (Indepth).

Interblock together with its local agent, Indepth, inked the very first ETG revenue-share lease deal with PAGCOR in June of 2015 at 12 PAGCOR operated casinos for a period of 3 years. As part of the deal Interblock supplied, installed and maintained 192 G5 Diamond play stations with fully automated Roulette and video Baccarat Stadiums. At the end of December 2018 the total number of seats had increased to 204 G5 Diamond play stations spanning across 14 PAGCOR operated casinos throughout major cities in the Philippines.

Interblock’s President of Asia Pacific, Michael Hu, said: “The revenue generated from our first installations had increased strongly from month to month through our continuous performance appraisals. It is with great honor that through our partnership with Indepth and PAGCOR and their continued support of our ETG products we have been able to extend the lease agreement for another 3 years, through January of 2019. This is a win-win partnership combination.”

 

About Interblock

Interblock® is a worldwide leading developer and supplier of luxury electronic table gaming products. Its multi-player gaming devices set industry standards and provide the ultimate in luxury interactive entertainment experiences. The Interblock brand is globally recognized for diamond quality gaming solutions and technical support in more than 200 jurisdictions. Interblock’s exclusive collection of fully and semi-automated electronic gaming tables and video gaming solutions provide casinos, arcades and gambling halls with superior product performance and their guests with an unforgettable gaming experience.

 

 About PAGCOR:

The Philippine Amusement and Gaming Corporation (PAGCOR) is a 100% government owned and controlled corporation under the Office of the President of the Republic of the Philippines through the Presidential Decree 1067-A.  This was in response for the Philippines Government to put a stop to the growing proliferation of illegal casino operations in various parts of the country.  The law creating PAGCOR was later amended and consolidated under PD 1869 otherwise known as the PAGCOR Charter.  In June 2007, Republic Act No. 9487 was passed by the Philippines Congress, extending the corporate life by 25 years, renewable for another 25 years.  Currently, PAGCOR operates 9 casino branches and 31 satellite casinos in major cities across the country’s three major islands.  For more information, visit http://www.pagcor.ph.

Asia

Vietnam Police Bust $859 Million Online Gambling Ring

Niji Narayan

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Vietnam Police Bust $859 Million Online Gambling Ring
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Vietnam Police have busted an online gambling ring worth$859 million in northern Hung Yen Province, leading to 20 arrests.

Police seized several mobile phones, computers, SIM cards and around VND2 billion ($85,963) in cash as evidence. Authorities also froze over 100 bank accounts involved in the case.

The ring, operating millions of accounts since 2018, is the largest in Hung Yen yet uncovered, provincial police said.

Among the arrests, Le Tuan Vinh, 32, Tran Thi Ngan, 30, Hoang Van Tan, 32 and Hoang Van Nham, 28, are considered the masterminds.

The four masterminds managed five level-one agencies via five different gambling websites, with its server located outside Vietnam.

Each website would have around 20 level-one agencies assigned to it and each level-one agency would have dozens of level-two agencies below, all spread across the country.

These agencies display gamblers’ personal info like phone numbers or social media accounts publicly, so that players can get in touch with each other and perform transactions. The investigation is ongoing.

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Asia

Yokohama Mayor Fumiko Hayashi Keen to Publish IR Implementation Policy in August

Niji Narayan

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Yokohama Mayor Fumiko Hayashi Keen to Publish IR Implementation Policy in August
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Yokohama Mayor Fumiko Hayashi has issued a statement urging the central government to push ahead with releasing its basic policy on IRs so the candidate city can stick to its own IR schedule.

Commenting at a city council meeting on the fact that Yokohama is yet to publish its own implementation policy, Hayashi said, “I believe the central government knows that Yokohama would like to make its announcement in August.

“In principle, if the government publishes [the basic policy], we can make the August schedule. But if the country cannot issue its basic policy, we will have to rethink this.”

Currently, the application period for candidate locations and operators to submit their bids to the central government is set for January to July 2021.

The mayor described this as a “really tough schedule,” suggesting there could be further delay to the city’s implementation policy draft.

In April, Yokohama postponed its implementation policy publication from June to August to prioritise measures against the spread of COVID-19. Mayor Hayashi commented that changing the schedule was not ideal considering the implications for the operators, but did not go as far as requesting a schedule change from the central government.

Kazuyoshi Akaba, Minister of Land, Infrastructure, Transport, and Tourism, said in a press conference that, “[confirmation from each local government has been obtained] and currently none of the local administrations are saying that it poses an obstacle.

“The basic policy draft will be decided in consultation with the relevant ministries and agencies. Currently discussions with the Casino Administration Committee have yet to reach a conclusion.”

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Asia

Kazakh President Signs Amendments to Law on Gambling Industry

Niji Narayan

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Kazakh President Signs Amendments to Law on Gambling Industry
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Kazakhstan President Kassym-Jomart Tokayev has signed the law “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Gambling.” Bookmakers will be moved to Kapshagay and Schuchinsk gambling zones.

Earlier it was reported that the government of Kazakhstan wanted to create three new game zones in the country, however, deputies of the Parliament abandoned this idea and excluded this rule from the draft law. Now all bookmakers will be moved to the two existing gaming zones – Kapshagay and Schuchinsk.

In order to have information about the players, they will create a unified betting centre in the country and the player’s relatives will be able to limit the right to place bets appealing to court. All bets received by the bookmaker in cash or through electronic payment systems should be accounted in a single monitoring centre.

A single accounting of all payments received by the bookmakers will eliminate the shadow turnover, increase tax collection and simplify control. A database of players will contribute to the introduction of universal declaration, the introduction of a procedure for limiting and self-restricting a client from betting and will also strengthen measures to fight money laundering related to crime and the financing of terrorism.

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