G3Newswire ASIA & OCEANIA GAMING NEWS
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MANILA BAY NEEDS LOCAL PARTNER
PAGCOR has laid down the law, stating that Manila Bay Resorts can’t open unless Tiger Resorts Leisure gains a local partner Philippines - Casino Operations
The Philippine Amusement and Gaming Corp (PAGCOR) has confirmed that Tiger Resorts Leisure and Entertainment, owned by Kazuo Okada, will not be able to open Manila Bay Resorts until it has secured a local partner to work with.
CHINA – AMAX SUES GREEK MYTHOLOGY Macau junket operator Amax International Holdings is taking court action against Greek Mythology (Macau) Entertainment Group, saying it has failed to produce its annual accounts to shareholders. Amax International announced to the Hong Kong Stock Exchange that it wants to see Greek Mythology’s management accounts for 2013 within 60 days. Amax owns 24.8 per cent of Greek Mythology.
Amax stated: “Reference is made to the announcements of Amax International Holdings Limited dated 5 June 2014 in relation to unavailability of audited financial statements of the Associate and 30 May 2014 in relation to update on the litigation in respect of the Associate. Unless otherwise defined, capitalised terms used herein shall have the respec- tive meanings ascribed to them in the above mentioned announcements. Further to the ruling made by the Court of First Instance of Macau, SAR on 19 May 2014 as mentioned in the Announcement, the Board decided to take further legal actions and hereby announces that on 18 June 2014, the company has filed a court action in Macau against the Associate in relation to its failure to provide its annual accounts to its shareholders.”
MALAYSIA – INTRALOT EXTENDS LOTTERY DEAL Intralot has signed an extension of its agreement with Magnum Corporation Sdn. Berhad, a leading gaming compa- ny in Malaysia, for a further seven years with an option of extending it for another two years. The agreement concerns the procurement, installation and support of an advanced, integrated lottery system to support up to 2,450 gaming terminals, Intralot’s core operating sys- tem LOTOS O/S, and an On-line Gaming Computer System, including both the games software and its state-of-the-art new generation of Photon terminals.
In addition to the central system, Intralot will also provide service functions, such as customer and marketing support, and all the necessary services for the operation and mainte- nance of the Central System during the seven years of the extended agreement. The implementation of the project will begin immediately and the commercial operation is estimat- ed to start in mid 2015.
The CEO of Magnum Corporation Sdn Berhad, Dato Lawrence Lim Swee Lin, commented: “We are pleased to continue to work with Intralot as they have proved to be a reliable and innovative Technical Solutions Provider and they understand our needs.”
Ioannis Pantoleon, Intralot Group Chief Operating Officer, stated: “We are very pleased to sign this new extension for seven years and appreciate the trust that Magnum has shown in Intralot’s expertise and ability to undertake the demanding technology upgrade of Magnum’s system.
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PAGCOR Chairman Cristino Naguiat Jr said: “Even if they finish it they still cannot open it if they do not have a local partner. Before opening they should abide by all Philippine laws.”
The US$2bn integrated hotel and casino resort is due to open in Entertainment City in Manila Bay by March 2015. Legislation dictates that an own- ership model must be in place of 60/40 in favour of investors originating from the Philippines.
Okada’s Eagle I Landholdings and Century Properties are expected to battle it out in court after Mr. Okada terminated a deal for Century to be a real estate partner in Manila Bay Resorts. The Japanese billionaire believes the project in Entertainment City will open on time despite a legal dispute with Century Properties Group.
The Okada group stated: “Our construction is pro- gressing according to schedule. Currently, this construction includes the hotel tower and casino floors. We project mass hiring of operational staff during our planned opening in the third quarter of 2015. In connection with the issue on the allega- tions of Century Properties Group Inc. (CPGI), we regret that the development turned out the way it did. We wish to say that there have been no finan- cial transactions with CPGI and the Okada group.”
The Okada group added: “Our goal is to contribute to the Philippine economy through our invest- ments in PAGCOR city and generate employment to thousands of Filipinos, during the construction phase and the operational aspect of the project.”
GTECH’s MarginMaker platform supports Betfred in Australia
AUSTRALIA GTECH has announced that it has been selected to provide the tech- nology platform to support UK sports-book operator Betfred’s launch of its new Australian interactive sports betting opera- tion.
GTECH’s MarginMaker platform supported the launch of Betfred’s sportsbook product in May 2014. The initial sports betting launch included the mobile sportsbook, with online and racebook launches to follow in the coming months.
GTECH has been the primary supplier to Betfred in the UK for more than 10 years. Betfred established operations in Sydney and Darwin under a Northern Territory Gaming Commission license.
“GTECH is very excited to extend our partnership with Betfred into the Australian market. This is the first such foreign venture we have worked on together, and we
hope it is the first of many,” said GTECH International Senior Vice President and Chief Operating Officer EMEA Declan Harkin.
“We tasked GTECH and Betfred’s front-end development agency, Degree 53, in developing a new stand-alone system with a local- ized offering for the Australian market. They both rose to this challenge and delivered a sports mobile product on time and with- in budget, working seamlessly with the Betfred teams in both the UK and Australia to very strict deadlines, through every time zone and continually going that extra mile to ensure the product was ready,” said Betfred Australia Managing Director Luke Brill.
“We are delighted to have now launched our sports-only mobile site at
m.betfred.com.au for the FIFA World Cup. This is the first of a multi-phased approach to the Australian market. The mobile site will soon be followed by stand- alone apps and then our full web- site and with racing,” Brill added.
Malaysia Malaysia’s Genting has put in two applications for casinos in New York State, with planned investments of $2.5bn, according to filings with the New York State Gaming Commission. The company has requested permission for a $1.5bn resort on 238 acres of land in the town of Tuxedo, the closest location possible by law to New York City. The resort will feature a five-star hotel, a world-class spa, an adventure park and fairgrounds. The resort is positioned within a one hour drive of six million people and within two hours of 23 million. The second proposal is for a $1bn property to be known as Resorts World Hudson Valley, located some 90 minutes from New York. The four-star resort will feature 600 rooms, 19 restaurants, shops and 100,000 square feet of conference space.
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