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Galaxy still confident of building casino in the Philippines
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Galaxy Entertainment Group, the Chinese casino company, is still optimistic of building an $500-million integrated resort with a gaming floor on the Philippine island of Boracay, in spite of Philippine President Rodrigo Duterte’s open campaign against all forms of gambling.
The company chairman Lui Che Woo recently disclosed details of the Boracay facility as well as about its Japan expansion plans.
Late last year, Galaxy revealed plans for the development of a $500-million destination resort on Boracay together with its Philippine partner Leisure & Resorts World Corp. Early in 2018, the two companies secured a provisional license from PAGCOR and a 23-hectare land plot on the island. However, the casino portion of the project quickly fell victim to President Duterte’s anti-gambling rhetoric. In addition, Boracay was closed for at the end of April for a six-month environmental cleanup, which was, too, ordered by the Philippines’ top official.
President Duterte has said multiple times over the past several months that he would not allow the construction of a new casino resort on the island once it reopens for business at the end of October. However, developers have maintained that the project will eventually materialise and that they will look to meet all environmental and other requirements the government might place.
In his CNBC interview, Mr. Lui said that their Boracay resort will target high-end customers from the Asia-Pacific region. However, there will be a clear focus on non-gambling offering. The casino floor will thus represent a small portion of the whole complex and will only feature several dozens of gaming tables. The businessman went on to say that it will be their goal to “restore the beautiful natural scenery” of Boracay to how it had been before.
Mr. Lui also pointed out that they are very confident in the project’s realisation and that they will remain firm on their plans, unless the Philippine government decides otherwise.
The Chinese mogul was also asked about Galaxy’s plans for expansion in Japan. Mr. Lui said that they are watching closely developments in Japan and that they certainly nurture big ambitions for that market. Japan legalised casino gambling not long ago and a number of major gaming and hospitality companies have lodged interest in bidding for one of three gaming licenses that are to be issued.
Mr. Lui pointed out that they will pursue one of these gaming licenses, but non-gambling entertainment will be what they will really focus on if they are allowed to operate in Japan.
Source: casinonewsdaily.com
Source: Latest News on European Gaming Media Network
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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights
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.”
The post Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights appeared first on European Gaming Industry News.
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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years
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
The post Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years appeared first on European Gaming Industry News.
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Ten Square Games ready for a new development opportunities in 2024
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
The post Ten Square Games ready for a new development opportunities in 2024 appeared first on European Gaming Industry News.
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