Connect with us

Asia

Online Gambling Allowed in Philippines to Boost Covid Response Funds

Published

on

Reading Time: < 1 minute

 

Despite previously being against online gambling in the country, Philippine President Rodrigo Duterte on Wednesday said he was forced to allow the activity to boost the country’s Covid-19 response funds.

In a pre-recorded meeting with his political party officials, Duterte said allowing gambling operations was the most “sensible” thing to do, considering the government is running short of funds.

Duterte acknowledged that he was previously against the online gambling industry, noting that he even insisted on a no-casino policy in famous resorts in both Boracay and Bohol.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Duterte, however, said he is still against gambling “in the barangay-level” noting that it would be more difficult to control.

Malacañang recognises the Philippine Offshore Gaming Operators (POGOs) as the government’s tax revenue generators amid the prevailing health crisis, but would not let them evade paying the right taxes. Around 60 POGOs have secured licensed to operate in the Philippines.

Powered by WPeMatico

Continue Reading
Advertisement

Asia

MelBet Announces New Partnership with СPL 2024 Champion Saint Lucia Kings

Published

on

melbet-announces-new-partnership-with-Сpl-2024-champion-saint-lucia-kings
Reading Time: < 1 minute

 

MelBet has announced a new partnership with the СPL 2024 Champion Saint Lucia Kings.

As a Principal Partner, MelBet, the iGaming company, will support the Kings on their journey to defend their title during the upcoming season.

Both the platform and the team share the same belief: perseverance and tenacity make champions. Anyone who is inspired by the desire to win, who believes in themselves and never gives up, deserves a reward, and loyal MelBet fans know this better than anyone. As part of the partnership, MelBet will become an integral part of the St. Lucia Kings team, supporting players and fans on their way to victory.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“We’re excited to enter the season with MelBet as our Principal Partner. Their reputation for turning every moment into an unforgettable experience is a perfect match for our team. We’re confident that this partnership will bring us the luck and success we need as we aim for another great season,” said Satish Menon, CEO of Saint Lucia Kings.

“We are absolutely delighted to welcome MelBet as our principal partner for the upcoming CPL Season 13. This partnership marks an exciting new chapter for the Saint Lucia Kings, and we are confident that MelBet’s passion for sports and commitment to excellence align perfectly with our own ambitions. We look forward to a successful season both on and off the field,” said Saurabh Arora, Chief Commercial Officer of Saint Lucia Kings.

The post MelBet Announces New Partnership with СPL 2024 Champion Saint Lucia Kings appeared first on European Gaming Industry News.

Continue Reading

Asia

Genting Singapore Appoints Lee Shi Ruh as its New President and COO

Published

on

genting-singapore-appoints-lee-shi-ruh-as-its-new-president-and-coo
Reading Time: < 1 minute

 

Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a position that had been vacant for three years.

The role was last held by former president and COO Tan Hee Teck, who was promoted to chief executive officer in May 2022.

Lee has now stepped down as CFO, the group announced in a bourse filing on Friday (Aug 1). That role will be taken over by Ang Suat Ching, currently CFO of Resorts World Sentosa (RWS), an indirect wholly owned subsidiary of Genting Singapore. Ang will retain her role at RWS.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

These changes follow the retirement of Tan, who stepped down as CEO and chairman of RWS in May.

From Jun 1, Lim Kok Thay, executive chairman of the Genting Group, assumed the role of acting CEO, while Lee took on the position of CEO of RWS.

“These appointments reflect our commitment to leadership renewal as the group enters its next phase of growth,” said Lim.

He added that Lee “brings a proven track record of sound decision-making, strategic discipline, and a clear understanding of the group’s long-term priorities, which will be invaluable in her expanded role as president and COO”.

He also noted that Ang’s financial expertise will support the group’s long-term value creation.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post Genting Singapore Appoints Lee Shi Ruh as its New President and COO appeared first on European Gaming Industry News.

Continue Reading

Aquisitions/Mergers

Donaco International Shareholders Approve Acquisition by On Nut Road Limited

Published

on

donaco-international-shareholders-approve-acquisition-by-on-nut-road-limited
Reading Time: < 1 minute

 

Donaco International Limited (DNA), an ASX-listed company focused on leisure, entertainment and associated technology, announced that its shareholders have voted in favour of the proposed acquisition of 100% of the company’s shares by On Nut Road Limited (ONR) via a scheme of arrangement. Donaco International operates casino businesses in Southeast Asia.

The resolution to approve the Scheme was passed with significant support, with 98.11% of votes cast by Donaco shareholders in favour. Additionally, 77.50% of Donaco shareholders present and voting, either in person or by proxy, attorney, or corporate representative, also voted in favour of the Scheme. The voting results reflect strong shareholder backing for the proposed acquisition.

The Scheme remains subject to the approval of the Supreme Court of New South Wales at a hearing scheduled for Thursday, 7 August 2025. The Second Court Hearing will only occur if all of the remaining conditions precedent to the Scheme have been satisfied or waived. If the court approves the Scheme and all conditions are met, Donaco intends to lodge a copy of the court orders with ASIC on Friday, 8 August 2025, upon which the Scheme will become effective and DNA shares will be suspended from trading on the ASX. Pending final approvals, the implementation of the Scheme is expected to occur on Tuesday, 19 August 2025.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post Donaco International Shareholders Approve Acquisition by On Nut Road Limited appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania