Wire ASIA & OCEANIA
AUSTRALIA – Tabcorp has called for fresh crackdowns on national TV gambling advertising in its home market of Australia. Tabcorp CEO, David Attenborough has appealed to the federal government to consider further crackdown on gambling advertising, particularly around sporting events where exposure to children is heightened. He said further restrictions on prime-time television advertising, excluding racing channels, would better protect vulnerable Australians. He warned that an accelerated switch towards online betting during the pandemic has brought the need for greater government intervention in the industry.
JAPAN – iSoftBet has agreed an aggregation partnership with Japanese arcade-style slots provider, Mikadogames. Offering an alternative to narrative-rich gameplay since it was founded in 2017, Mikadogames creates innovative games and animations inspired by Japanese anime cartoons. The deal will see a selection of Mikadogames’ GLI certified games added to iSoftBet’s aggregation offering, including the provider’s skill-based sports titles such as The Penalty Kid and Darts Roulette and its fruit machine-inspired Pachinko slots.
INDIA – A planned integrated resort development by Indian gaming giant Delta Corp in Goa has been granted approval by the Goa Investment Promotion Board. The IR is one of 11 investment projects given the green light during the Board’s first meeting since being reconstituted in the wake of the pandemic.
The meeting was chaired by Goa’s Chief minister Pramod Sawant with Industries Minister Vishwajit Rane and Industrial Development Corporation chairman Glenn Ticlo also present.
Delta Corp first announced its IR plans in December after receiving initial approval from the Goa Investment Promotion and Facilitation Board. The development will consist of hotels, a convention centre, multiplex cinema, retail area, electronic casino, water park and other facilities at Pernem, located in the state’s north.
MACAU – Sands China generated net revenues of US$265m and US$148m in July and August 2021 compared to US$43m and US$53m in July and August, 2020, respectively, representing an increase of 516.3 per cent and 179.2 per cent. A company spokesperson said: "We had an operating loss of US$25m and US$83m and a net loss of US$63m and US$125m in July and August 2021, as compared to operating loss of US$141m and US$148m and net loss of US$165m and US$175m, in the same periods in the prior year. Additionally, our financial performance reflects adjusted property EBITDA of US$44m and adjusted property EBITDA loss of US$14m in July and August 2021.”
P28 WIRE / PULSE / INSIGHT / REPORTS
Caesars Revealed as Partner to Clairvest Clairvest Neem Ventures K.K. has revealed the participation of Caesars
Entertainment in its development and operating consortium for a Wakayama Marina City-based integrated resort (IR) in Japan.
Caesars joins the consortium in full compliance with Japanese law and with no capital commitment. Te combination aligns Clairevest, one of the most experienced IR development and management teams in the world, with Caesars Entertainment.
"We are thrilled to partner with Caesars Entertainment," said Eddie Woo, Representative Director of Clairvest Neem Ventures. "Caesars and CNV share a common vision for Japan's national IR programme.
“Not only will it serve to enhance the economic recovery from the COVID-19 pandemic through increased international visitation, but we are confident that together we can create a resort that provides significant local economic stimulation in Wakayama prefecture, throughout the Kansai region and the rest of Japan."
“Caesars is an iconic brand, and we are proud to partner with CNV to bring it to Japan," said Tom Reeg, CEO of Caesars Entertainment. "We believe our experience blends perfectly with
CNV's and look forward to creating something special with them for the Kansai region."
Te Clairvest team is comprised of a complement of IR industry professionals and operators, including; Mario Ho an Esports and entertainment entrepreneur, director of CNV and Chairman and Co-CEO of NIP Group, a multinational Esports organisation; Clairvest Group, a seasoned Canadian private equity firm with experience in 30 different land-based gaming and entertainment resorts in Canada, the United States and Chile; and William Weidner, former president and chief operating officer of Las Vegas Sands Corporation, (LVS), and his team comprising of Bradley Stone, former president of global operations and construction at LVS and Garry Saunders, former COO of Melco Resorts & Entertainment and VP of international operations for LVS.
Te combined experience of the parties, coupled with the dynamic location and supportive regulatory policy, will allow Clairvest to develop the next major global IR destination.
Japan Nagasaki could generate US$1.36bn a year
Casinos Austria International’s (CAI) Nagasaki casino resort could generate gaming revenues of US$1.36bn a year, according to the Nagasaki Prefectural Assembly who said that a tax of 15 per cent would generate US$204m for the prefecture.
CAI has said the resort will cost US$3.17bn to build and will attract 8.4 million visitors a year. It will cost JPY6,000 for Japanese residents to enter the casino generating an estimated US$76m. Te concept is to fuse East and West Cultures – Realising a True Japanese-Western Blend. Te prefecture wants to 'inherit the historical culture of Kyushu and Nagasaki, realising a ‘tourism industry revolution’ with a traditional high-end IR facility
leveraging the strengths of the Austrian state-owned group and Nagasaki as a focus and aiming to be an international city where Kyushu, Japan, Asia and the world meet.
CAI has said it plans to operate a 9,000sq.m casino as part of its project for an IR project in Nagasaki, Japan, with 220 gaming tables and 2,200 slots 'offering a gaming experience of the highest international standards.
Te project would also feature eight hotels with conference and exhibition centres and entertainment complexes in cooperation with 'reputable international partners such as the Hyatt Hotel Group as well as Japanese partners.
Australia
Te New South Wales Independent Liquor & Gaming Authority (ILGA) has appointed Adam Bell SC to undertake a review of Te Star casino’s operations with particular scrutiny to be placed on junket operations and anti-money laundering measures. ILGA chair Philip Crawford said the review will consider how effectively Te Star is complying with its statutory obligations and whether it remains suitable to hold a casino licence. “Regular reviews of casinos in NSW are required under the Casino Control Act,” Mr Crawford said. “Tese reviews are carried out with the co-operation of the casino operator to ensure the casino remains free from criminal influence or exploitation and doesn’t cause harm to the public interest.”
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