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LIDL wins license to operate casino resort in Manila

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Landing International Development Ltd (LIDL), a Hong Kong-based investment company that operates casinos, has obtained provisional approval to construct a $1.5b resort casino in Manila.

The company will be operating the resort in Manila’s Entertainment City gaming zone through its subsidiary Landing Resorts Philippines Development Corporation.

The agreement between LIDL and the Philippine Amusement and Gaming Corporation (PAGCOR) is for operating the resort for 15 years term from the date issued or until 11 July 2033. As of now the license does not allow LIDL to offer video streaming or internet gambling, unless PAGCOR declares otherwise.

LIDL has committed to spending at least $1b (and likely up to $1.5b) on its Entertainment City venue, which the company hopes to open by “early 2022.” The company has scheduled a groundbreaking ceremony on the development site on August 7.

The company cautioned that the project’s fate was contingent upon it receiving “other approvals” necessary to commence construction, “and these may or may not be granted.” Ordinarily, this is a boilerplate clause, but in LIDL’s case, nothing can be taken for granted.

Just last month, government auditors expressed concerns over the legality of the land lease deal LIDL had struck with its local partner, the Nayong Pilipino Foundation. The Philippine Commission on Audit expressed alarm at the favourable terms that LIDL had secured, which were far less steep than lease prices paid by other Entertainment City operators.

Should the project go forward, LIDL is promising a Filipino cultural theme park, an indoor waterpark, an indoor movie-based theme park, a convention centre, luxury hotels, retail and dining areas, along with a 28k-square-meter gaming floor with a “sky casino” theme.

LIDL chairman Dr. Yang Zhihui (pictured) thanked PAGCOR “for their vote of confidence” in granting the provisional license, while pledging that the planned resort “will contribute positively” to the nation’s tourism sector – particularly via guests from South Korea – and create “significant job opportunities” both in the construction phase and afterward.

Entertainment City currently boasts three active resort casinos – Solaire Resort & Casino, City of Dreams Manila and Okada Manila – while Travellers International’s West Side City Resorts World is planning a 2020 launch.

Source: calvinayre.com

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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