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Vietnam to cut hassles for industries, including gambling industry

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Vietnam’s Ministry of Finance (MoF) has proposed a series of cuts to bureaucracy and red tape hassles for a wide range of industries, including the betting, casino and lottery industries.

The MoF is believed to have proposed a cut of around 51.4 per cent of the business investment commissions under its control. It would also modify 16 decrees, which could be beneficial for insurance, gaming, accounting, customs and securities verticals.

The outlets did not specify exactly what could be stripped out or amended. However, the mere fact that the MoF wants to make monumental changes is a step in the right direction. It has the potential to reinvigorate the gambling industry and comes after regulators have made several changes to gambling-related legislation.

Vietnam approved a measure last December that would allow locals to gamble in two casinos during a three-year trial programme. Currently, casinos are only open to foreign gamblers. While the casinos have yet to be designated, it is believed that the Phu Quoc resort as well as a project in the Quang Ninh province could be included in the pilot programme.

More recently, the country gave sports betting a nod. In May, it approved new gambling regulations that now cover a variety of sports and would see new players enter the industry. The law is expected to take effect January 1 of next year and would provide the framework for a five-year pilot programme that allows local gamblers to place bets on international soccer games, as well as horse- and dog-racing.

Vietnam also loosened its grip on the casino industry in May when it awarded its first casino license in more than a decade. That license went to Laguna Lăng Cô for its $2-billion resort project in the Thua Thien Hue province. The resort initially opened five years ago, and has been hoping ever since to be granted a casino license. Even though it has the license in hand, Laguna Lăng Cô is not yet dealing cards or handing out chips. The casino would not be ready until 2022.

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.

Asia

QTech Games partners with Ezugi to elevate live casino for Asia

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9-3 QTech Games partners with Ezugi to elevate live casino for Asia

 

Leading distributor teams up with live-dealer specialist to create a definitive one-stop-shop for gaming

QTech Games, Asia’s number-one games distributor, has launched with leading live casino provider Ezugi in a breakout deal for the company which completes its definitive product portfolio, establishing QTech Games as a comprehensive one-stop-shop for global operators.

Ezugi already provides high-class mobile live dealer and desktop solutions to digital gambling businesses and brick-and-mortar casinos across international markets, such as Europe, the U.S. and Latin America. Now, though, this agreement with QTech Games’ leading platform also expands Ezugi’s geographic reach still further, opening up Asia’s array of both established and emerging markets for accelerated growth.

Ezugi’s state-of-the-art live studio delivers an unrivalled immersive experience for players, who can now enjoy these engaging, real-time table games (from classics like blackjack, roulette, baccarat and three-card poker to regional favourites such as India’s Andar Bahar) via the flexible QTech platform which offers the fastest integration on the market.

As the fastest-growing distributor in Asia over the past few years, QTech’s platform boasts the broadest gaming portfolio around, localised for each region, with native mobile apps, powerful reporting and marketing tools, and 24/7 local-language support.

QTech Games CEO, Markus Nasholm, said: “We’re thrilled to have signed this agreement with Ezugi, whose games need no introduction and are always raising the bar for cutting-edge, mobile and web live dealer gaming. Even from a soft launch in December, the response from our network of operator partners was both immediate and universal.

“It’s a real milestone moment for QTech to have finalised a definitive product set with this latest key addition to our platform. And together, we are planning to add some more exciting products over the next few months, which we intend to unveil for our flagship QTech Games Party around ICE Asia (8-9 June) at our home hub in Manila.”

Ezugi added: “It’s fantastic for us to put the final piece in place on the QTech Games jigsaw, and we look forward to their platform taking our games to new, untapped audiences across emerging markets. Ezugi’s unwavering dedication to delivering engaging live-player experiences affords customers, who love these games, the visceral thrill of playing in a real-world casino, while QTech’s peerless Asian knowledge made them the perfect partner for us. Just take Ezugi’s novel spin on a traditional Indian favourite with our Andar Bahar card game, delivered in both English and Hindi. QTech understands that there’s no chance of cracking emerging markets without delivering the best localised games that truly connect with unique cultural appetites.”

 

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Asia

Las Vegas Sands pushes hard to get Japanese IR license

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mayor-of-osaka Las Vegas Sands pushes hard to get Japanese IR licenseReading Time: 1 minute

Las Vegas Sands President courts Osaka officials, pitches multi-billion-dollar integrated resort plan.

Robert Goldstein, the president of US-based casino company Las Vegas Sands, has held meeting with Osaka Governor Ichiro Matsui and Osaka Mayor Hirofumi Yoshimura to present the company’s plans for building and running a casino in Osaka. Osaka is tipped to be one of the three locations for which the newly announced IR licenses will be issued.

Goldstein briefed the officials about Las Vegas Sands’ success in the international gambling markets and company’s plans for investment in building an greatest integrated resort in Osaka. Sand now has casino facilities in Las Vegas, Macau, and Singapore.

Las Vegas Sands is willing to invest more than $10 billion for an IR facility in Japan.

Source: Latest News on European Gaming Media Network

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Asia

eSports market of Japan grows 13-fold last year

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eSports-market-of-Japan-grows eSports market of Japan grows 13-fold last yearReading Time: 1 minute

According to gaming industry publisher Gzbrain Inc, Japan’s eSports market has grown by 13-fold to touch ¥4.8 billion (about $42.5 million) this year.

There has been a massive jump in revenue since competitive video gaming was legalised in February. The Japan Esports Union has also been set up, which provides professional licenses to gamers.

A number of new competitions have been planned. All these will make Japan’s eSports fan base to grow further. The industry forecast is that the domestic market will touch about $90 million in 2022.

Source: Latest News on European Gaming Media Network

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