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Paradise Entertainment Makes a Glamorous Appearance at Macau Gaming Show 2019 Driving Innovation and Technology to the Electronic Gaming Industry

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Paradise Entertainment Makes a Glamorous Appearance at Macau Gaming Show 2019
Mr. Jay Chun, Chairman and Managing Director of Paradise and the chairman of MGEMA participates in the MGS
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Paradise Entertainment Limited through its subsidiaries LT Game Limited (“LT Game”) and LT Digital Technology Limited (“LT Digital”), has participated in the MGS Entertainment Show 2019 which was held in the Venetian Macao this month for three days from 12 to 14 November. During the Show, Paradise showcased not only its array of latest slot machines and Live-Multi-Game (“LMG”) machines and other electronic gaming equipment and products but also for the first time exhibited high-tech equipment and products relating to 5th generation mobile networks (“5G”) and Artificial Intelligence (“AI”), and received a burst of applause from the participating enterprises and attendees.

This year’s MGS was jointly organized by the Macau Gaming Equipment Manufacturers Association (“MGEMA”), Nam Kwong Culture and Creativity Industry Co., Ltd. and China National Machinery Industry International Co., Ltd. with strong support from the relevant governmental departments in Macau and the gaming and leisure communities. All along aligning with the attainment of Macau as a core hub of The Guangdong-Hong Kong-Macao Greater Bay Area (the “Greater Bay Area”) and an important gateway linking Mainland China with international markets, MGS has actively responded and committed to positioning Macau as the world’s tourism and leisure centre, and also promoting the diversification of Macau’s industries and development towards the direction of innovation and technology, whilst upholding its mission and keeping abreast with time. The Show has featured a dynamic and information-packed Summit this year having invited divers distinct speakers to talk about specific topics relating to the gaming technology areas and the development of the Greater Bay Area, which certainly would be an excellent opportunity for the audience to discuss and share their views with these renowned speakers.

As always, Paradise renders full support to MGS and has displayed a variety of its latest self-developed hightech gaming equipment and products. With the capture of new Asian-style games, Paradise’s latest self-developed slot machines exhilarated and dazzled gaming patrons. In recent years, Paradise has continually placed investments on innovation and development of slot machines in local Macau market, as well as on the expansion of overseas markets such as the Americas and South East Asia and shall progressively launch new slot machines to these markets. In addition, Paradise’s flagship products LMG machines are most reputable. The cutting-edge technology automatic intelligent robots steadily and accurately deliver cards in a thrilling baccarat game, coupled with the engaging animations displayed on the large-scale X-Stadium’s High Definition (“HD”) screen and exhilarating music, bring the patrons an experience of the perfect harmony of high technology and gaming. The latest Virtual Horse Racing Games are also a highlight of the Show. These horse racing games are conducted virtually under a giant HD screen bringing the gaming patrons an atmosphere of excitement as if they were betting on the real racecourse. These high-tech gaming equipment have been installed or scheduled to be installed in various casinos in Macau and/or the Americas.

Furthermore, in recent years Paradise has been investing increasingly on research and development of 5G, AI and other related high-tech products. The latest debut research accomplishments included smart wear, smart home and 5G wireless terminal high-tech products adhering to the trend of high-tech development including 5G and AI. These high-tech products enhance human’s quality of life significantly in areas in education, sports and living etc. and are highly acclaimed by sports lovers and parents. In the future, Paradise firmly believe that these high-tech products will also be more closely integrated with entertainment business for the continuous enhancement of players’ experience.

Mr. Jay Chun, Chairman and Managing Director of Paradise as well as the chairman of MGEMA commented, “Strategically, Macau is an important hub of the Greater Bay Area. The MGS is dedicated to promoting economic diversification and technology development and providing a cooperation platform for exhibitors to communicate and exchange views with customers from all around the world. In this connection, Paradise has also displayed its latest electronic gaming products, and displayed for the first time its developed 5G and AI and other related high-tech equipment and products in response to the development needs in the future. Whilst we will be standing firm in Macau facing the world market, we are committed to technological innovation and appealing more high-tech talents with a view to striving to become one of the world’s leading gaming equipment companies, thereby injecting new vitality into the development of Macau and the Greater Bay Area.”

 

Source: Paradise Entertainment Limited

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SCCG Announces Strategic Partnership with Gridlogic

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SCCG Management, a premier advisory firm in the gaming industry with a global footprint and over 100 best-in-class client partners, announced a strategic partnership with Gridlogic, a leading Real Money Technology group and a pioneer in the iGaming industry. This partnership is set to enhance SCCG’s initiatives in the rapidly growing Indian gaming market, leveraging Gridlogic’s innovative technology solutions and artificial intelligence capabilities for player protection.

With Gridlogic’s reputation as one of India’s fastest-growing gaming technology companies, this collaboration marks a significant milestone in SCCG’s efforts to expand its global market entry and distribution of gaming products and platforms. Gridlogic, known for its next-generation technology and artificial intelligence applied to skill gaming, brings to the table a wealth of expertise and a robust portfolio of technology services that include gaming, data management and business transformation.

Stephen Crystal, Founder & CEO of SCCG Management, said: “Our alliance with Gridlogic represents a pivotal step forward in our mission to navigate the complexities of the global gaming landscape. Gridlogic’s innovative approach and technological prowess in the Indian market complement our strategic goals perfectly. Together, we are poised to unlock new opportunities and drive significant value for our stakeholders in one of the world’s most dynamic gaming markets.”

Pariekshit Maddishetty, Founder of Gridlogic, said: “Partnering with SCCG Management is a landmark moment for us at Gridlogic. Their global perspective and deep industry insights align seamlessly with our vision of revolutionizing the gaming sector through technology and artificial intelligence. This partnership not only strengthens our position in the Indian market but also accelerates our journey towards becoming a global leader in gaming technology solutions.”

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PAGCOR TURNS OVER PHP4.59-B CASH DIVIDENDS TO STATE TREASURY

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THE Philippine Amusement and Gaming Corporation (PAGCOR) today remitted a total of Php4.59 billion in cash dividends to the National Treasury to help fund the national government’s efforts in ensuring the country’s sustained economic growth and development.

The latest remittance represents 75% of PAGCOR’s net income in calendar year 2023. It is higher than the usual 50% remittance pursuant to the request of Finance Secretary Ralph Recto to PAGCOR to advance an additional 25% dividend to fund government expenditures.

PAGCOR Chairman and CEO Alejandro H. Tengco said the state gaming firm’s robust earnings from gaming operations enabled it to book Php79.37 billion in gross revenues and net earnings of Php6.13 billion in 2023 as dividend base, paving the way for a higher dividend rate declaration.

“Our remarkable income performance in 2023 set the stage for this higher dividend contribution to the national government, and this epitomizes not just financial success but our unwavering commitment to national development,” Chairman Tengco said.

The dividend declaration consists of Php3.06 billion or 50% of PAGCOR’s 2023 net earnings plus an advanced 25% or Php1.53 billion which may be applied to future dividend remittances.

The dividend check was received by Deputy National Treasurer Eduardo Anthony Mariño III during simple ceremonies at the new PAGCOR Executive Office in Pasay City.

Mariño said the higher remittance from PAGCOR would help set in motion the administration’s socioeconomic agenda as the country is coming from a challenging year where it found difficulty achieving growth targets due to inflation.

“Every peso of this latest remittance from PAGCOR is directly translatable to additional expenditure which can help accelerate growth. This would certainly empower the national government in initiating transformative change this year,” he explained.

The remittance by government owned and controlled corporations or GOCCs of at least 50 percent of their net earnings to the National Government is mandated under Republic Act (RA) No. 7656, otherwise known as the Dividends Law

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SOFTSWISS is Best Platform Solution in Asia

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SOFTSWISS is Best Platform Solution in Asia
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SOFTSWISS, an international tech company with over 15 years of experience in iGaming, celebrates its resounding success in Asia, triumphing in two categories at the Asia Gaming Awards. 

The Asia Gaming Awards convenes key stakeholders from the Asian gaming sector – operators, regulators, suppliers, and service providers – to celebrate achievements within the industry. In 2024, SOFTSWISS earned recognition in the categories of Best One-Stop Platform Solution and Best Affiliate Marketing Solution.

With over 15 years of experience in the iGaming industry, SOFTSWISS crafted a robust ecosystem of products that allows its clients to create an iGaming business from scratch. Having a complete range of products and solutions for online gaming and betting, SOFTSWISS also offers innovative tools for player engagement and a comprehensive system of services.

Over 860 brands employ SOFTSWISS’ software to provide an exceptional player experience to more than six million players from different regions all over the world. Notably, 80% of SOFTSWISS clients are satisfied with the company’s products and services, according to a survey conducted by the leading marketing agency Kantar.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, shares his delight: “SOFTSWISS is proud to acquire the esteemed Best One-Stop Platform Solution Award, which testifies to the outstanding contributions of our company to the development of the Asian gaming industry. We express our earnest gratitude to our dedicated team for their tireless efforts and our valued clients for their trust, pivotal to our success.”

Another well-deserved award belongs to Affilka by SOFTSWISS, a modular and feature-rich software platform which helps manage, track, and analyse affiliate performance. 

According to Kantar’s survey, held at the end of 2023, Affilka’s customer satisfaction rate was 8.1 out of 10. At the same time, 97% of respondents expressed satisfaction with Affilka’s service.

Boasting a client’s portfolio of more than 320 iGaming brands in 2023, the affiliate marketing platform shows almost two times YoY growth in affiliate GGR.  

Anastasia Borovaya, Head of Affilka by SOFTSWISS, comments on the recent victory: “We are proud to achieve this recognition in the Asian gaming market. Our team puts a lot of effort into constantly evolving product performance. Let this accolade fuel our unwavering commitment to innovation and excellence, driving us forward as we continue to serve our clients with the highest standards of quality and service.”

Since the beginning of the year SOFTSWISS has already gained such prestigious accolades as Responsible Gaming, Crypto Company, Platform Provider, Software Supplier, and others. The esteemed awards, namely IGA, GGA EMEA, SiGMA Eurasia, EGR Nordics, SiGMA Africa, Asia Gaming Awards stand as obvious recognition of SOFTSWISS’ significant contribution to the iGaming industry all over the world. 

 

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

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