Asia
Crane Payment Innovations partners with Mohegan INSPIRE’s Casino
![crane-payment-innovations-partners-with-mohegan-inspire’s-casino](https://recentslotreleases.com/wp-content/uploads/2024/03/134216-crane-payment-innovations-partners-with-mohegan-inspires-casino.jpg)
Crane Payment Innovations (CPI), a Crane NXT company, is proud to announce a partnership with Mohegan INSPIRE Entertainment Resort (hereafter “Mohegan INSPIRE”), which includes the adoption of the SC Advance note validator and Easitrax Web software across all 550 machines on the casino floors.
Situated in Yeongjong Island, South Korea, Mohegan INSPIRE is a new generation entertainment resort in Asia, welcoming guests of all generations to indulge in an inspiring world where unforgettable experiences meet diverse cultures. The resort held the soft opening including the three-tower hotel, MICE facilities, a state-of-the-art multi-purpose arena, an immersive digital entertainment street, and directly operated dining venues in late November 2023, and unveiled its international visitor-only premium gaming facility, INSPIRE Casino, and more in early 2024 through the grand opening. With seven properties in North America, including Las Vegas, Mohegan, a parent company of Mohegan INSPIRE, is renowned for its dedication to innovation, superior guest experiences, and cultural authenticity.
“Our partnership with CPI will certainly elevate our gaming offerings to unprecedented heights. The adoption of the SC Advance and Easitrax Web underscores our commitment to providing an exceptional and technologically advanced gaming experience for our patrons,” said Yik Kah Fai, Director of Slot Operations at Mohegan INSPIRE.
“We are excited to be partnering with Mohegan INSPIRE,” said Bill Murphy, VP Sales APAC. “By installing 550 SC Advance note validators along with Easitrax Web, INSPIRE Casino will be able to increase their operational efficiency while providing customers with a world-class gaming environment.”
The SC Advance Note Validator, known for its exceptional 98% first-pass acceptance rate and the lowest jam rate in its class for both street-grade cash and TITO tickets, ensures a smooth and uninterrupted playing experience for casino visitors.
Easitrax Web Software, a powerful companion to the SC Advance, enables casino operators to streamline operations, manage cash drops efficiently, monitor slot machine performance, and remotely track machine analytics.
The post Crane Payment Innovations partners with Mohegan INSPIRE’s Casino appeared first on European Gaming Industry News.
Asia
Macau Gaming Growth to Slow Down Amid China’s Clampdown on Illegal Money Exchanges
![macau-gaming-growth-to-slow-down-amid-china’s-clampdown-on-illegal-money-exchanges](https://recentslotreleases.com/wp-content/uploads/2024/07/138246-macau-gaming-growth-to-slow-down-amid-chinas-clampdown-on-illegal-money-exchanges.jpg)
Macau’s gaming sector is likely to see a slowdown in EBITDA growth in June and July due to the mainland’s crackdown on illegal money exchange operations in Macau, according to a recent forecast by Morgan Stanley.
China’s Ministry of Public Security has launched a major campaign to target “money exchange gangs” providing large-scale cash exchange and loan sharking services to mainland Chinese gamblers in Macau. These illicit activities have been facilitating the flow of funds out of China, which authorities view as a threat to financial stability.
The crackdown has already yielded results, with police across China reporting successful operations that have uncovered millions in illegal exchange activities and the arrest of dozens of suspects. However, analysts warn that disrupting these unofficial currency exchange channels could potentially lead to a slowdown in mainland Chinese travel to Macau’s gaming industry.
Praveen K Choudhary, Gareth Leung and Stephen W Grambling of Morgan Stanley project that the second quarter will see the first negative quarter-on-quarter growth in both mass gross gaming revenue (GGR) and corporate EBITDA since the post-Covid-19 reopening. Mass GGR is expected to decline 2% quarter-on-quarter, reaching 113% of 2019 levels, while corporate EBITDA is forecast to decrease 7% quarter-on-quarter, reaching 80% of pre-pandemic levels.
The brokerage firm predicts that June and July will see a slowdown due to the money exchange crackdown, while weaker macroeconomic conditions, consumption, and retail sales in China could persist in the third quarter and further impact the Macau market.
The post Macau Gaming Growth to Slow Down Amid China’s Clampdown on Illegal Money Exchanges appeared first on European Gaming Industry News.
Asia
China Media Group, Esports World Cup and VSPO Sign Strategic Cooperation Agreement on National Institute for Esports Development
![china-media-group,-esports-world-cup-and-vspo-sign-strategic-cooperation-agreement-on-national-institute-for-esports-development](https://recentslotreleases.com/wp-content/uploads/2024/07/138248-china-media-group-esports-world-cup-and-vspo-sign-strategic-cooperation-agreement-on-national-institute-for-esports-development.jpg)
China Media Group, Esports World Cup Foundation and VSPO have signed a strategic cooperation agreement on Friday as the new China Media Group National Institute for Esports Development kicked off in Beijing.
China Media Group (CMG), which operates state television networks including CCTV, formally unveiled the new CMG National Institute for Esports Development on Friday. The Institute then signed a strategic cooperation agreement with the Esports World Cup Federation and VSPO during the establishment ceremony, vowing to jointly organise and participate in future esports events.
The establishment ceremony was attended by Shen Haixiong, vice minister of the Publicity Department of the Communist Party of China (CPC) Central Committee and president of CMG, Sun Shuo, CPC Secretary of Xicheng District and Xue Jijun, head of the institute, among other government officials.
The three organisations have been long-time advocates for the healthy development of the esports industry. VSPO already works with the Esports World Cup Foundation in organising the inaugural Esports World Cup, an eight-week mega event currently underway in Riyadh with a record-breaking prize pool of more than $60 million.
“It’s a huge honor to be a strategic partner with the Chinese Media Group and the Esports World Cup Foundation with the establishment of the CMG National Institute for Esports Development, which marks another key sign of Beijing’s support for esports development,” Chairman of VSPO, Asia’s biggest esports operator, Dino Ying said.
The post China Media Group, Esports World Cup and VSPO Sign Strategic Cooperation Agreement on National Institute for Esports Development appeared first on European Gaming Industry News.
Asia
QTech Games appoints Crystal Nadal to the role of Sales Director
![qtech-games-appoints-crystal-nadal-to-the-role-of-sales-director](https://recentslotreleases.com/wp-content/uploads/2024/07/138228-qtech-games-appoints-crystal-nadal-to-the-role-of-sales-director.png)
Top distributor for emerging markets secures well-known and respected sales leader to continue expansion of its global footprint
QTech Games, the leading distributor for all emerging markets, has appointed Crystal Nadal to the position of Sales Director.
Crystal is a well-known and respected operator in the industry, armed with a wealth of international expertise within business development and sales that is uniquely fine-tuned for Asia’s patchwork make-up of territories.
Crystal arrives at QTech Games after successful recent stints at Tom Horn Gaming, where she acted as Head of Business Development for Asia; Aura Gaming, where she was COO; and Solid Gaming where she held a range of senior marketing roles across an array of varied content – including live-dealer and assorted igaming solutions for the fragmented Asian market. In each case, she diligently built the brand’s reputation in gaming markets from India to the Far East, demonstrating a keen eye for strategy and new sales across both digital and land-based sectors.
Now Crystal brings those skills to bear at the industry’s leading platform and distributor for growth territories. She will be responsible for managing QTech Games’ existing partners throughout the world’s largest continent, and spearheading the expansion of QTech Games’ burgeoning influence into other untapped “margin” markets.
Crystal Nadal said: “I’ve always based my business relationships on the ability to add value. Working with QTech Games, I’ve not only found the premier distributor for delivering localised games in Asia, but also a strong, experienced team that are client-focused and share an ongoing commitment to tailor their offering to make it work for the customer.
“My new colleagues at QTech Games have excellent relationships across the sector, and their proprietary platform has quickly become the trailblazer in our home territory of Asia. They’re trusted, supportive, collaborative and well-regarded. I can’t get behind a better story than that.”
Philip Doftvik, CEO of QTech Games, commented: “We’re thrilled that Crystal has joined the QTech Games team and she’s hit the ground running. With her winning mindset and attitude, she is also a perfect fit in our company culture. Her experience and contacts in sales and business development are second to none in the Asia landscape, so she’ll be a real asset to both the company and all our clients.
“Securing the best executive talent has always been a main driver of our ability to scale. Therefore, we’re naturally delighted that Crystal is now taking the wheel for further business development and sales in our core continent.”
The post QTech Games appoints Crystal Nadal to the role of Sales Director appeared first on European Gaming Industry News.
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