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UltraPlay signs strategic partnership on the Asian market with AE Group

George Miller

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UltraPlay signs strategic partnership on the Asian market with AE Group
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Advanced betting solutions provider UltraPlay has further expanded its presence on the Asian soil with the latest strategic partnership signed with AE Group – a leading provider of gambling entertainment in the region. AE Group will be the exclusive representative of UltraPlay’s eSports and sports products, with the main focus on eSports.

UltraPlay and AE Group worked together to present their partnership for the first time during the flagship gambling event in Asia – G2E Asia, Macao (21-23 May). The newly established cooperation was presented in a very spectacular way at the AE Group’s booth attracting many visitors and potential clients, making G2E Asia a successful start of their business relationship.

Mario Ovcharov, CEO of UltraPlay, said: “UltraPlay’s passion for innovation and first-rate services to the end users is shared by AE Group and I believe our winning eSports product suite will help them continue their impressive growth in Asia and beyond.”

Eugene Chan, Sales Director at AE Group added: “UltraPlay has deep understanding and many years of experience in eSports as well as betting operation, which perfectly answers to our vision and mission to offer the highest quality products on the market. We believe in our profitable business partnership, which will serve as a gateway for the next level of betting entertainment in Asia.”`

UltraPlay has recently released an enhanced version of their live betting model for eSports, which they described as a complex mixture of AI and human traders’ interaction. Basically, the synergy comes from this success formula – human making the key decisions while AI is running the show. In this case, punters have it all – placing more in-play bets for a longer period of time.

Through UltraPlay’s overall eSports betting suite, AE Group will be capable to offer unprecedented package for a next level of eSports betting entertainment, which includes:

  • 28 eSports titles, amongst are the Golden Trio (CS:GO, League of Legends, Dota 2) as well as Overwatch, StarCraft II, King of Glory, PUBG, and many other titles)
  • Up to 200 live markets on CS:GO
  • 2500+ in-play events monthly
  • Enlarged number of live markets for all games (not just match winner)
  • Specific in-game objectives markets

UltraPlay was named eSports service provider of 2019 at the recently held Baltic and Scandinavian Gaming Awards, the latest in a growing list of accolades, including international recognition for the company’s overall eSports products and services from G2E Asia Awards 2018, CEEG Awards 2018, 5 Star iGaming Awards, BEGExpo Awards 2018, Global Tech Summit 2018.

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Asia

Donaco Reopens DNA Star Vegas

Niji Narayan

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Donaco Reopens DNA Star Vegas
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Donaco International has reopened DNA Star Vegas with limited operations on September 25.

Donaco does not expect any material additional expenses to be incurred following the limited reopening of the casino as the border with Thailand, where most of the casino’s patrons have traditionally originated, remains closed.

The company will continue to maintain its tight cost control strategy, while operations remain at limited operating capacity – and management will maintain the discretion to tailor up or down the pace of operations to local conditions.

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Asia

Macau Lawmaker Jose Maria Pereira Coutinho Calls for Legalisation of Online Gambling

Niji Narayan

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Macau Lawmaker Jose Maria Pereira Coutinho Calls for Legalisation of Online Gambling
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Macau lawmaker Jose Maria Pereira Coutinho has urged the enclave government to legalise online gambling in order to help overcome the economic challenges brought about by the COVID-19 pandemic.

“Macau should introduce interactive gaming. The Macau SAR government should establish official standards and regulations on interactive gaming, and develop interactive gaming software together, in order to increase revenue from gaming tax and to further develop gaming industries,” Coutinho said.

Gross gaming revenue in Macau is down 81.6% January through August, casino win totalling roughly $4.5 billion. The six licensed casino operators in the Chinese Special Administrative Region won approximately $24.8 billion during the same eight months in 2019.

Taxes from casino gambling account for nearly 90% of Macau’s government revenue. With the money plummeting due to the coronavirus, and the enclave largely isolating itself from the rest of the world, including the mainland, Coutinho believes taking casinos online is a viable remedy.

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Asia

IEC Secures Casino Licence in Manila

Niji Narayan

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IEC Secures Casino Licence in Manila
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Hong Kong-based International Entertainment Corporation (IEC) has obtained a provisional licence to operate a casino in Manila.

In June the firm, which operates New World Manila Bay Hotel and Casino through its subsidiary Marina Square Properties (MSPI), said it planned to redevelop an unnamed existing hotel to create a new integrated resort (IR) in the capital.

In a filing on Friday, it confirmed it has received a letter from the Philippine Amusement and Gaming Corp (PAGCOR) conditionally approving the issuance of a provisional licence.

The firm said: “MSPI and PAGCOR will further negotiate for the terms of the provisional licence agreement to be entered into between PAGCOR and MSPI in relation to the grant of the provisional licence.

“As and when there is further development in relation to the provisional licence agreement, the company will comply with all relevant requirements, and where necessary, make further announcements in accordance with the Listing Rules as and when appropriate.”

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