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Tencent closes poker platform in China

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Tencent Holdings, the Chinese technology leader, has decided to shut down a popular Texas Hold’Em poker video game. This is seen as a step for compliance with government scrutiny and directions on the country’s gaming industry.

Tencent said it would formally begin to shutter “Everyday Texas Hold’Em” from Monday and would closer the game’s server from Sept 25. Tencent would compensate users in accordance with regulations of Ministry of Culture.

The Shenzhen-based company, which draws a huge amount of its profit from gaming, is facing mounting challenges this year from stringent regulation and government censorship. It has had to pull one blockbuster game and seen others censured.

The company’s market value slumped by around $20 billion in one day last month over concerns that China would limit gaming after a crackdown on online games citing rising levels of myopia.

A Tencent spokesman said the plan to shutter the game was a “business adjustment” but declined to comment further.

Tencent logged its first quarterly profit decline in nearly 13 years in August, citing issues about getting popular games approved.

Founded in 1998, the firm’s main business is video games but it also runs China’s dominant social network, WeChat, with more than 1 billion users.

A person in Tencent’s gaming division, who did not want to be named because they were not authorised to speak publicly, told Reuters it was not a surprise that chess and card games were falling victim first as they were more closely associated with gambling, which is illegal in mainland China.

Texas Hold’Em is one of the most popular forms of poker, where multiple players use mind games, bluff and predict their opponents’ behaviour to win money in the pot. The game originated in Texas in the early 1900s.

Last year, Tencent had to amend a gory, battle royale-style game, “Playerunknown’s Battleground”, because it “severely deviated from socialist core values.”

 

Source: Reuters

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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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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