ASIA & OCEANIA
Okada Manila has delayed its opening in the Philippines until next month due to a catalogue of issues affecting the casino
PHILIPPINES CASINO OPERATIONS
Japan’s Universal Entertainment is delaying the opening of Okada Manila, its $2.4bn Manila casino, by a month to December due to bad weather, government policies and economic conditions.
MACAU– Inspired has signed an agreement with LT Games to supply its Virtual Sports to Macau casino operators. Inspired will deploy its Virtual Sports to LT Game’s ETG self service terminals in the first deal of its kind.
Rush Horses will be the first game to be released, followed by Mike Tyson Rush Boxing and Rush Football. LT Game is one of the leading gaming and casino providers in Macau and in the Asia Pacific region with over 4,500 Live Multi Gaming Terminals (LMG) installed among 22 Macau land-based casinos. This is its first agreement with Inspired Gaming Group.
Steve Rogers, CCO Digital Games, Inspired commented: “LT Game is a respected operator in the Macau Casino market, and this deal is an important one for Inspired as we continue to grow our global footprint in Virtual Sports deployment. I have no doubt that players will be impressed by the quality of the product, and I look forward to working LT Game to further build our product portfolio with them in the future.”
Jay Chun, Chairman and Managing Director, LT Game added: “LT Game is firmly committed to growth and success in electronic gaming development, and we are thrilled to work with Inspired as the global leader in Virtual Sports development to enrich our gaming product categories. We continuously strive to bring in new gaming concepts to casino operators, to drive play with captivating content, and to offer our players the most cutting-edge gaming experiences. We are confident the LT Game ETG and Inspired Virtual Sports game will energize us to achieve these goals.”
CAMBODIA – Tax revenue from Cambodia’s casinos increased significantly in the first nine months of the year when compared to the same period of 2015, the country’s Ministry of Economy and Finance has reported. There were 69 licensed gambling venues of this type to operate within Cambodia’s borders as of September 30.
Local casinos contributed the total amount of $37.4m in tax revenue for the nine-month period ended September 30, 2016. The figure posted represented a 35.5 per cent increase from the tax revenue collected for the same period of the previous year. It also reflected a rise from the $34.7m the Finance Ministry reported for the year ended December 31, 2015.
The increase in the amount collected was attributed to a strategy Cambodian government launched in 2015 to create better transparency and efficiency of the local tax system.
P30 NEWSWIRE / INTERACTIVE /
247.COM
Te opening has been confirmed for December 21. Okada Manila will boast 993 hotel rooms, 8,409 square meters of retail space, 500 table games and over 3,000 electronic gaming positions.
Te company’s Philippine subsidiary, Tiger Resort, Leisure and Entertainment, said: “Te initial opening of the property, including the hotel, food and beverage outlets, casino and other major attractions, will take place in December. Okada Manila has not markedly lagged behind the original plan although the progress has differed somewhat from the plan, affected by worse-than-expected weather conditions. In view of policy actions by the Philippine government and the economic environment in the near-term, we are now in the process of carefully considering the optimal timing for opening the facility towards
Okada Manila to open on December 21 delivering maximised shareholder value.
Te Series 2 notes are expected to be issued on Oct. 14, 2016. With the issuance of these Series 2 Notes, the company will have successfully secured a significant majority of the construction costs for the opening of Okada Manila, which is the world class gaming and leisure resort under development in the Philippines.”
Te first phase of the development was supposed to open in November. According to Tiger Resorts president Steve Wolstenholme, construction is 85 per cent complete.
Te company, owned by Japanese pachinko boss Kazuo Okada, owns one of four licenses to operate a casino complex in Entertainment City. Universal will finance $400m from the issuance of privately placed notes at 8.5 per cent per year under Series 2 notes. Te operator said: “With the issuance of these notes, the company will have successfully secured a significant majority of the construction costs for the opening of Okada Manila.”
Singapore New Zealand
Interblock to bring stadium gaming to SkyCity Interblock is to install a stadium-style gaming experience and six additional electronic tables at SkyCity Auckland, bringing a total of 67 electronic table game seats to the casino floor.
Te landmark deal is the first of its kind for Interblock, offering all-new ETG solutions to SkyCity Auckland’s players.
SkyCity’s upcoming installation will include a product mix of Interblock’s MiniStar Roulette and Diamond products, including Automated Roulette and Sic Bo, and the all-new Video Blackjack and Baccarat.
Te gaming stadium will feature two automated Roulette generators, one Sic Bo generator and 31 Diamond play stations with multi-game capability that allows players to place wagers on up to three games simultaneously. Tree games are visible to the player on the Diamond play station’s 27- inch monitor. A video wall displays each game’s progress and statistics along with a live feed of each game result.
Cameron Louis, Interblock’s Senior Vice President of Asia Pacific, said: “Interblock is excited to extend our partnership with the world class SkyCity Auckland. Tis strategic partnership allows us to showcase the innovations of our ETG solutions, with modularity and efficiency that only Interblock can provide. We are proud to have reached this milestone as a company, and look forward to the success ahead of us.”
Online betting has been introduced in Singapore after Singapore-based lottery operators Singapore Pools and the Singapore Turf Club were given the go ahead to run online betting platforms. The two operators have been exempted from the Remote Gambling Act, which outlaws online and phone gambling, by the Ministry of Home Affairs (MHA), but they have to put in place safeguards, such as allowing only those above 21 to open accounts and requiring players to set daily limits on how much they want to spend on online gambling. Singapore Pools launced its online betting services on October 25 and Turf Club will launch its new web and mobile platform on November 15. Punters can place bets only for 4D, Toto, football, F1 sports and horse- racing. Casino-style games or poker are not allowed. Since the Act came into force in February last year, several hundred websites that offer remote gambling services have been blocked.
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