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MGM-Orix Consortium Could Benefit from Japan Election Results

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The result of Japan’s general elections is positive news for the country’s IR industry and in particular for the chances of the MGM/Orix consortium in Osaka after surprise gains by the Ishin To Party.

The right-wing party almost quadrupled their seats from 11 to 41 making it the third-largest party in the country. In Ishin’s stronghold of Osaka, the party banished the LDP completely and cornered 14 of the 18 seats.

“In the IR space, if Osaka was already the firm favourite prior to the election, it is even more certain now that they will bring the license bacon home and Bill Hornbuckle can start heating up the grill in his backyard and invite his ORIX partners for an early celebration barbecue. The LDP will now need their friendly opposition ‘partner’ more than ever and will be eagerly serving the IR license to Governor Yoshimura in a sterling silver platter,” said industry executive Daniel Cheng, who has been closely following the IR license procedure in Japan.

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Overall, the ruling Liberal Democratic Party returned to power, removing other potential political upsets to the licensing timetable.

“The road looks clear for the continuation in the ongoing six-month host bid submission window which will close on 30 April 2022 after which up to three cities and their associated development consortiums will be selected a few months after,” Cheng said.

For Nagasaki and Wakayama, it is more of the same as the aftermath of the election saw an unchanged ratio of ruling vs opposition legislative seats. In the capital, the ruling party lost some ground to the opposition but it is unlikely to prevent Governor Koike from making an IR bid if she so decides to.

Two IR hopefuls on the sidelines saw contrasting fortunes. The LDP lost ground in Fukuoka losing 3 seats when it previously held all 11 seats; conversely, the LDP gained ground in Aichi winning 3 more seats. That puts the latter in better stead should they throw the dice in the pot if less than three licenses are issued from the present bidding round.

“Hokkaido is the other big story in my view, namely Tomakomai City which was the de facto IR site for the prefecture but withdrew over a year ago,” Cheng said. “There are many anticipating a Hokkaido comeback in the IR race at some juncture whether 7 years later or sooner, circumstances permitting.

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At the prefectural level, the election results were even-stevens where the LDP and the opposition started and ended with 6 seats each, but not in the same districts. Particularly, Hokkaido District 9 which encompasses Tomakomai City fell into the hands of main opposition political party, CDP. This was despite having both Prime Minister Kishida and former Prime Minister Abe campaigning in Tomakomai City last week to rally support for LDP incumbent, Manabu Horii.

This will add another headache for Tomakomai Mayor Iwakura in his crusade to bring an integrated resort into his town as the CDP is staunchly anti-IR.”

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Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

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Award-winning iGaming supplier in regulated markets Delasport has just signed a sports deal with Philippines’s number 1 operator OKBET.

The leading software developer will provide sports-services to their new partner, enhancing the experience of sports bettors in the Philippines even further.

“We’re proud to supply our services to such a strong partner as OKBET, and to an exciting and steadily growing market as the Philippines”, Delasport’s CEO Oren Cohen Shwartz comments on the agreement.

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Regulated Philippines is marking a stable 5% year-to-year growth with the number of users expected to reach almost 6 million by 2029.

This is yet another deal for Delasport, with the global supplier’s expansion in regulated markets happening at full force.

Same goes for OKBET who have been holding the number one operator spot in iGaming in the Philippines for a long time now.

“I’m excited that OKBET and Delasports are joining forces to redefine the landscape of online sports gaming in the Philippines”, OKBET’s COO Wayne Thong also comments on the deal. “This partnership combines OKBET’s local market expertise with Delasports’ global industry leadership, creating new opportunities for innovation and customer satisfaction. OKBET and Delasports share a common vision for the future: a vibrant and dynamic platform that caters to the diverse interests of sports enthusiasts. By combining cutting-edge technology with a deep understanding of user preferences, this collaboration aims to set new standards for the industry.”

The post Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET appeared first on European Gaming Industry News.

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Uzbekistan Legalises Online Betting and Lotteries

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President of Uzbekistan Shavkat Mirziyoyev has signed a decree on April 19 titled “On Measures to Improve the Regulation of the Organization and Conduct of Lotteries and Risk-Based Games in the Republic of Uzbekistan”. The document abolishes the ban starting from January 1, 2025, and introduces a legal framework for the organisation of risk-based games online and betting activities.

The issue of legalising betting activities has been a long-standing topic in Uzbekistan. In December 2019, the president signed a decree to legalise bookmakers, but this decision was revised in April 2022. In April 2023, the head of state instructed the development of a regulatory framework for betting activities.

The National Agency for Advanced Projects (NAAP), the authorised state body for regulating and licensing activities in this sector, provided insights on the necessity of introducing state regulation in the gambling sector in Uzbekistan. The agency emphasised the need to prevent illegal gambling businesses, protect players’ rights and generate additional income for the state budget.

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The president’s decree aims to introduce advanced foreign experience and modern technologies in regulating the organisation of risk-based games and lotteries to increase investment attractiveness, tourist potential and attract additional funds to the country.

The measures outlined in the decree include the creation of legal foundations for the legalisation of activities related to risk-based games online, betting activities, and lotteries, implementation of mechanisms to protect citizens’ rights and interests, prevention of gambling addiction and the generation of additional state budget revenue.

Starting from January 1, 2025, a taxation system will be introduced for license holders, where organisers of online games, betting activities and lotteries will pay a turnover tax. This system aims to prevent the concealment of taxable revenue and is expected to generate additional tax revenues for the state budget.

Overall, the implementation of the decree is intended to establish a reliable foundation for the legal regulation of activities related to organising risk-based games online, betting activities and lotteries in Uzbekistan, protect citizens’ interests, combat gambling addiction and provide additional sources of income for the state budget.

The post Uzbekistan Legalises Online Betting and Lotteries appeared first on European Gaming Industry News.

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Indonesia Establishes Task Force to Combat Online Gambling

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Indonesia’s Ministry of Communications and Information Technology (Kominfo) has revealed plans to establish a task force to combat online gambling.

In a statement, Kominfo said the task force would comprise representatives of multiple government agencies including the Financial Services Authority (OJK), Financial Transaction Reports and Analysis Centre (PPATK) and the police.

It will also work with Interpol to combat cross-border cases given the government’s lack of past success in blocking foreign operators.

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“Kominfo will oversee the digital space, OJK will manage accounts and PPATK will handle fund flows, and the police will carry out arrest and investigation duties,” said Usman Kansong, the Ministry’s Information and Public Communications Director.

Minister Budi Arie said: “The Ministry has also issued a warning to all social media platforms, cellular operators and internet service providers not to facilitate any form of online gambling promotion. We have done everything within the authority of Kominfo.

“We from the Ministry of Communication and Information are fully determined. At the beginning of the week I gathered all our teams at Kominfo to work together to eradicate online gambling.”

The post Indonesia Establishes Task Force to Combat Online Gambling appeared first on European Gaming Industry News.

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