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Philippines’ Maltese consulate supports Manila 2020 shows

George Miller

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Philippines’ Maltese consulate supports Manila 2020 shows
Roger Strickland and Eman Pulis
Reading Time: 2 minutes

 

Partnership will strengthen relationships and offer significant economic ROI

 

The Consulate of the Republic of the Philippines in Malta has announced its support for SiGMA Group’s planned initiatives in Manila. In 2020, SiGMA Group will launch SiGMA Manila and the Manila A.I. and Blockchain Summit following the opening of an office in the region.

The Group’s move eastwards capitalises on the strong interest in Asia for iGaming and emerging technologies, with an eye towards the growing value there for companies looking to move into up-and-coming iGaming markets. In collaboration with the Consulate, SiGMA hopes to strengthen trade ties, bringing fresh opportunities for business to European affiliates, operators, and suppliers.

Aside from taking on a supportive role for European companies looking to forge closer relations with their Asian counterparts, the launch of the Manila 2020 shows promises to bring a myriad of benefits to the hotspot, with the introduction of a number of international clients to the Asia region exerting a strong economic impact on the area.

The Philippine Consulate in Malta seeks to promote the Philippines as a business and holiday destination with the end view to strengthen relationships between Malta and the Philippines. With this in mind the Consulate aims to engender opportunities for Maltese-registered companies to exhibit at the SiGMA shows in Manila and to foster a connection with Philippine companies as well as build-up the event in the coming months.

Eman Pulis, CEO SiGMA Group, commented, “We’re going to help put the spotlight on the Philippines, embracing the best of the iGaming and tech communities, with the hope that these companies that we bring there will end up setting up offices and getting a licence in the Philippines.  We do not just want to react to what’s going on out there, but we want to take an active, leading role in not only bringing the Asian and European community together but also building long lasting commercial opportunities.”

Philippine Consul to Malta Roger A. Strickland Jr, a.h., added, “Having established the Consulate in January 2016 a lot of progress has been made in increasing awareness of the Philippines both as a Holiday Destination but also as a business gateway to the rest of Asia. The Philippines does not disappoint all those travellers who go the extra mile to visit it and absolutely nothing compares to the rich and abundant diverse natural resources the Philippines has to offer. What also makes the Philippines a truly wonderful country is the Filipino’s themselves thanks to their abundant talent, courtesy and warm hospitality. The Filipino workers hold a variety of skills, are bilingual, have a good educational level and are highly competent exhibiting highly reliable work ethics. We are very pleased to support SIGMA 2020 in Manila and the Consulate is available for any information that travellers or businesses might need in considering their options for their Asia focused business. ”

SiGMA Manila and Manila A.I. & Blockchain Summit will take place June 8th-9th 2020 at the SMX Convention Centre, Manila. The shows in Manila in 2020 expect to welcome over 600 exhibitors and 11,000 attendees from across the globe for two days of conferences and workshops, and premier networking events.

 

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.

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Asia

Cambodia to Ban the Issuance of Online Gambling Policy and Licenses

Niji Narayan

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Photo source: acboulle.org
Reading Time: 1 minute

The Cambodian Government has issued a directive to stop the issuance of online gambling policy and licenses, both within and outside of Cambodia.

The government said that the industry had been used by foreign criminals to extort money. The southern coastal city of Sihanoukville has emerged as a particular centre for gambling and many of the dozens of Chinese-run casinos that have sprung up there have online gambling operations.

“The Royal Government of Cambodia will stop the issuance of online gambling policy and licenses, both within and outside of the Kingdom of Cambodia, from the date of signing this directive,” said the directive signed by Prime Minister Hun Sen.

“Some foreign criminals have taken refuge in the form of this gambling to cheat and extort money from victims, domestic and abroad, which affect the security, public order and social order,” the directive said.

China is Cambodia’s close ally, its biggest donor and investor. It has also been trying to crack down on cross-border gambling, criticising operations in the Philippines that are similar to those in Cambodia.

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Asia

Kien Huat Realty III Limited and Genting Malaysia Berhad to Acquire Empire Resorts

Niji Narayan

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Reading Time: 2 minutes

 

Empire Resorts, Inc. has announced a definitive agreement under which affiliates of Kien Huat Realty III Limited and Genting Malaysia Berhad will acquire all of the outstanding equity of the Company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share. Kien Huat is currently the holder of approximately 86% of Empire Resorts’ outstanding shares of common stock.

The Board of Directors of Empire Resorts has approved the transaction on the unanimous recommendation of the previously formed special committee of independent directors. Empire Resorts and Kien Huat also amended Kien Huat’s existing preferred stock commitment letter with the Company, which, subject to the terms thereof, enhances Empire Resorts’ access to capital through February 2020.

“We are pleased to reach this agreement and provide immediate certain cash value to our stockholders. Kien Huat has been a true partner for Empire Resorts, and we look forward to welcoming Genting Malaysia into our ongoing relationship. With Kien Huatand Genting Malaysia, we will be part of an extensive and attractive organization with enhanced scale and global reach. Importantly, Kien Huat has agreed to provide incremental credit support to Empire Resorts, which will enable the Company to meet its debt obligations as we continue to execute on our business strategy,” Keith Horn, independent director of Empire Resorts said.

“With the resources and support of Kien Huatand Genting Malaysia, Empire Resorts will be better positioned financially and operationally, which will help us advance our mission of delivering a winning combination of luxury facilities, quality entertainment and exceptional customer service. This transaction is a win-win for all our stakeholders, including our stockholders, customers, employees, creditors and the communities in which we operate. Importantly, we expect our employees will benefit from new opportunities for career development as part of a larger organization. I look forward to working closely with Kien Huat and Genting Malaysia to seamlessly complete the transaction,” Ryan Eller, President and CEO of Empire Resorts said.

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Asia

Losers and Winners of Online Gambling in China

Niji Narayan

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Photo source: aljazeera.com
Reading Time: 1 minute

Countless ordinary Chinese people, driven by greed and ignorance, have fallen into online gambling like the moths flying towards the fire.

In 2018, Chinese handset maker Gionee was forced into bankruptcy liquidation. The reason was that Liu Lirong, the owner of Gionee, gambled and lost more than 1 billion Chinese yuan in Saipan Island, leading to a shortage of operating capital and final bankruptcy.

Traditional Confucianism holds that gambling means greed and depravity. Many Chinese literary works and academic studies have portrayed Chinese gamblers and many people think that Chinese people are fond of gambling.

Before the rise of online gambling in many countries, China’s neighbouring countries once set up casinos in border areas with China to attract Chinese tourists and gamblers. Gambling-related criminal cases caused a lot of trouble for the Chinese government. Under pressure from the Chinese government, casinos in many border areas had been shut down.

The rise of online gambling has changed the story. Gaming companies have been able to spread their tentacles into every corner of China with the help of internet.

The reason why the gaming companies in the Philippines employ a large number of Chinese employees is that all of the Chinese employees can speak Chinese and most of the customers they serve are Chinese citizens.

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