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GrooveGaming gears up with extended Asian games portfolio to capture the rapidly-growing Indian market

George Miller

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GrooveGaming gears up with extended Asian games portfolio to capture the rapidly-growing Indian market
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GrooveGaming continues its impressive drive in Asia with the addition of some of the top games for the Indian Continent through an exclusive partnership arrangement with Super Spade Games.

The new agreement provides GrooveGaming with some of the most popular HTML5 games titles on the Asian Continent and gives another set of arrows to the bow of this intrepid content provider, which has enjoyed a meteoric year-to-date around new content signings with industry leaders such as BetSoft, Microgaming, Play’n GO, NYX Gaming, Habanero, NoLimitCity, Spinomenal, Merkur and all the latest blockbuster titles from Fugaso.

Through the new alliance all GrooveGaming partners will have immediate access to the full range of Super Spade Games products including Roulette, Baccarat, Andar Bahar, Teen Patti and Dragon Tiger, all of which are part of the demand creation cycle in the Indian subcontinent and key to engaging players in the region. These staples are supplemented with innovative content such as Casino War and Live Three Card Poker.

GrooveGaming’s solutions help some of the world’s leading operators heighten player value, improve brand integrity and generate new revenue opportunities. In a short space of time, GrooveGaming has secured a powerful portfolio of both proprietary and third-party HTML5 video slots and table games alongside more than 2,500 casino games and the biggest Lotto, Live Games, Video Bingo, Virtual Sports, Sportsbook and Table Games.

Super Spade Games is an established provider of casino game content and technology for the online gaming industry, specialising in live-dealer casino games. Super Spade Games offers a sophisticated and flexible live-dealer system with attractive and engaging professional dealers combined with top-of-the-line casino equipment to deliver the best live-dealer gaming experience to players.

Super Spade Games management team welcomed the new deal saying, “We are proud to have been selected by GrooveGaming to power their business in Asia. We believe our product suite will give them the reach they need

to capture the South Asian market, and we look forward to growing our global online gaming business rapidly under their flagship brand umbrella.”

Yahale Meltzer, COO at GrooveGaming said: “India has been a region of great interest to the igaming industry for many years, and based on our experience shows significant promise which is why we have joined forces with Super Spade Games who have been developing some of the best products to service the region. We are particularly impressed with their mobile product which delivers an excellent player experience on-the-go.”

Asia

Wynn Resorts Ltd Closes its Yokohama Office

Niji Narayan

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Wynn Resorts Ltd Closes its Yokohama Office
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Wynn Resorts Ltd has closed its Yokohama office after Japan’s plans to award casino licenses were delayed, but remains interested in the project.

“The pandemic is having an unprecedented negative impact on integrated resort development, and resort companies such as Wynn are considering how we evolve our operations to align with a post-pandemic market. Long term, we remain interested in the Japan integrated resort market and will monitor the situation closely,” the company said in a statement.

Wynn has been pursuing a casino in Japan for years. The country had been considered one of the biggest prizes in the industry, given Japan’s population and wealth. Japanese legislators approved the country’s first Vegas-style casino developments, known as integrated resorts, but none have yet been built.

A decision to focus on the U.S. market prompted Caesars Entertainment Corp. to end its pursuit of a Japanese casino last year. Las Vegas Sands Corp. said in May that it was also pulling out of the race, citing high tax rates, unfavourable terms and the cost of building there, which many have put at $10 billion.

MGM Resorts International, the lone remaining bidder for a casino in Osaka, said last week that it will continue to pursue the project despite delays in the process that could last until next year.

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Asia

Yokohama Mayor: Local IR Plans Must Wait on Central Government Policy

Niji Narayan

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Yokohama Mayor: Local IR Plans Must Wait on Central Government Policy
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Fumiko Hayashi, the Mayor of Yokohama, has acknowledged that her city’s implementation policies, originally scheduled for publication in June, must wait until after the central government finally issues its long-overdue IR Basic Plan.

She added that any prospect that her city could publish its implementation policies by the end of August had now dried up.

“We are closely watching the situation,” she added.

Doubts are growing that the national government will stick to the current timeline of accepting IR licensing applications from the local governments between January and July of next year, though the Abe administration has yet to give a clear indication of its intentions.

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Asia

PAGCOR Reports US$48 Million Loss in Q2 2020

Niji Narayan

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PAGCOR Reports US$48 Million Loss in Q2 2020
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Philippine gaming regulator PAGCOR has reported a loss of US$32.5 million in the six months to 30 June 2020.

While PAGCOR did not break down its 1H20 financials by quarter, it had previously reported a net income of US$15.8 million for the first three months of 2020, suggesting a loss of US$48.4 million during Q2.

PAGCOR reported income from gaming operations of Php18.44 billion in the first six months of this year, down 49.6% fromUS$714.5 million in the same period in 2019. US$350.4 million of that income was generated in Q1 2020, meaning income from gaming operations totaled just US$24.8 million in Q2 2020.

The regulator said its income from licensed casinos totaled US$138.4 million – none of which was generated in the second quarter, while income from POGO operations was US$59.4 million of which US$22.6 million was second-quarter income.

Gaming operations across the Philippines were shut down on March 15 after President Rodrigo Duterte implemented community quarantine across the main island of Luzon. While some areas have since been allowed to reopen, the national capital region comprising metro Manila remains under strict general community quarantine with casinos and other gaming venues having now been closed for more than four months.

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