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Kiron launches with AGTech in global deal

George Miller

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Kiron launches with AGTech in global deal
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Specialist virtual games provider Kiron and lottery and gaming supplier AGTech have agreed on a global collaboration agreement which will include the distribution of the parties’ respective products internationally.

Kiron’s premier virtual games offering, including football and racing, as well as a variety of localised sports and numbers games, will be integrated into AGTech’s brand new platform and offered alongside the equivalent real sports markets.

The parties have agreed that Kiron’s content will be made available to AGTech’s client base internationally, including markets in Asia, Latin America and Africa, with plans to implement the products across a variety of delivery channels in each territory.

Steven Spartinos, co-CEO of Kiron, said: “Our partnership with AGTech will provide a springboard for growth globally and we are looking forward to partnering with them and roll out our virtual portfolio to their clients in key international markets.

“Our offering provides a broad range of virtual sports and number games that have proven appeal in a multitude of markets. This partnership demonstrates the growing appetite for our portfolio on a global basis.”

Charlie Zhang, VP of AGTech, said: “Kiron’s virtual offering delivers on all counts, from the graphics and visuals to the broad range of rapid-play betting experiences available 24/7.

“Our goal is to deliver the best content available in the market as a B2B service provider to our partners and launching Kiron’s portfolio will add an extra dimension to our latest product portfolio.”

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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