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Asian news

TCS John Huxley announces the departure of Catherine Burns as Group Operating Officer

  Gambling equipment supplier TCS John Huxley has announced that Group Operating Officer Catherine Burns is set to leave the company on 21 November. Burns will be replaced by Tristan Sjöberg who will assume her responsibilities till a suitable replacement is found. Catherine Burns leaves the casino equipment supplier, having joined in March 2012, after serving as Vice President of …

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Risky business – why investors should beware grey market operators

Scott Longley, editorial director at Regulus Insights, analyses the concept of risk for dotcom operators and their investors. The 9% share price fall that prompted Playtech to issue a stock exchange statement late last week was only the most recent example of how listed gambling companies suffer more than most from the financial market phenomenon of risk on/risk off. This …

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Mobile gaming firm raided by Indonesian police

Indonesian police have raided the local branch of mobile gaming giant Gameloft after it was mistaken for an online gaming den by nearby residents. A report on local news site Tribun Jogja said that police first entered the studio without a warrant and attempted to ‘force their way past security’ before returning with a warrant. Reports also state a policeman …

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500.com comments on director’s sale of shares under ‘pseudonyms’

Chinese sports lottery operator 500.com limited issued a corporate statement on the sale of company shares by one of its Directors Qi Li under the ‘pseudonyms’ Lionel Rim and John Richard. The operator issued the statement to address concerns reported by investment research firm Muddy Waters, who tweeted on the validity of the share sales conducted by Qi Li. The Muddy …

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EveryMatrix launches Japan Gambling White Paper

Igaming technology and services provider EveryMatrix has published an industry white paper on the proposed casino gambling bill for Japan – ‘Integrated Resort Promotion Bill’. EveryMatrix gives readers insight into current market conditions, and regulatory/political landscape of Japanese gambling. The white paper further asserts a number of market blocks and intricacies that potential Japanese license holders may have to anticipate …

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Investor concerns arise over 500.com operating viability

Further investor concerns have arisen over Chinese sports lottery provider 500.com’s operating viability. Bloomberg News reported that hedge fund Prime Capital Management Co. had scaled back its investment in the Chinese operator from $93m to $27 million. Prime Capital Co. controlled by Chinese investor Liu Yijun has shrunk its stake in 500.com’s Wall Street traded shares to less than 5%, …

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William Hill suspends Manila operations under investigation of ‘illegal gambling activities’

William Hill’s Manila operations are under investigation by the Philippines National Bureau of Investigation, in regards to allegations of illegal gambling activities in the Philippines. William Hill has temporarily suspended its Manila service-centre operations, in order to assist the Bureau with its investigation. In a corporate statement, the operator commented that it did not believe there were any unlawful activities …

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Macau Jockey Club praises MGS preparations

  With just a few weeks remaining until the opening of the second Macao Gaming Show, the event’s co-organisers – Macau Jockey Club, Macau Slot and Macau Yat Yuen Canidrome – have reiterated their ongoing support and investment in the show, taking place at the Venetian Macao (November 18-20). Discussing the Asian event, billed as ‘By Asia For The World’, …

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Malaysia set to rework gambling & betting laws

Malaysian Attorney General Tan Sri Abdul Gani Patail, has stated that his Chamber is set to submit a proposal to amend and update Malaysian laws with regards to online gambling. Gani Patail made the statement whilst addressing an audience at the Malaysia Legal Training Institute. Current Malaysia regulations sees all forms of gambling being governed by the Common Gaming House …

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