Tag Archives: Cambodia

Australian police close Tabcorp bribery investigation

The Australian Federal Police have decided to close a three-year inquiry into lotteries and betting operator Tabcorp due to the lack of evidence. The investigation, which led to the resignation of Chief Executive of the Australian Securities Exchange (ASX) Elmer Funke Kupper, was looking into bribery charges made against Tabcorp Holdings, relating to a $200,000 payment made to family members …

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Kambi secures NagaWorld Cambodia sportsbook extension

Stockholm-listed sports betting platform and systems provider Kambi Group Plc has confirmed that it has secured a multi-year extension to its sportsbook agreement with Cambodian leisure and entertainment operator NagaWorld Ltd. Kambi has acted as NagaWorld lead sports betting systems supplier since 2014, with the partnership representing the Stockholm technology group’s first Asian market agreement. The extension, will continue to …

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Tabcorp parts company with under investigation Elmer Funke Kupper

Business news source, ‘The Australian’ reports that Elmer Funke Kupper will no longer serve as a Tabcorp Holdings’ Director, detailing that the executive will depart the company in October. Funke Kupper was the former Managing Director & Chief Executive of Tabcorp Holdings from 2007-2011. In 2011, Funke Kupper left the Australian gambling group to take up leadership of the Australian Securities …

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Mediatech solutions enters Cambodia with Global Gaming Network partnership

Industry omni-channel platform providerMediatech has agreed a deal with Global Gaming Network opening its services to the fast-emerging Cambodian market. The agreement will see Mediatech work and advise on a number of projects within Cambodia’s regulated gaming market. Mediatech Solutions’ Head of Asia-Pacific Tom Moester said: “We are delighted to have entered an agreement with Global Gaming Network to explore …

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Tabcorp bribery charges force Elmer Funke Kupper to resign as ASX CEO

Elmer Funke Kupper has announced his resignation as Chief Executive of the Australian Securities Exchange (ASX) as he faces potential allegations of bribery committed during his tenure as CEO of gambling operator Tabcorp. The Australian Federal Police are investigating bribery charges made against Tabcorp Holdings relating to a $200,000 payment made to family members of Cambodian Prime Minister Hun Sen. The …

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Donaco International expands into Cambodia with Star Vegas acquisition

Australian listed gambling investment firm Donaco International has purchased the Star Vegas casino in Poipet, the Cambodian town closest to Bangkok Thailand for a reported $360 million. Donaco will now compete against local rival NagaWorld in the Phnom Penh province for the attention of Thai gamblers. A three hour drive from the Bangkok, Donaco International believes that it can turn …

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SafeCharge targets Asia with 2C2P link up

Payment technology firm SafeCharge has agreed to enter into a strategic partnership with South East Asia-focused payment services company 2C2P. The strategic partnership is expected to extend SafeCharge’s technology product offering to 2C2P’s merchants being, mainly, travel businesses and retailers in South East Asia. Separately, the company has completed a minority investment in 2C2P. The Group has begun the process to connect …

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Kiron launches new product inventory with Naga World Hotel

Virtual games specialist Kiron Interactive has partnered with IPG International to supply its new Keno game to one of Asia’s leading casinos. The deal with the Naga World Hotel and Casino in Phnom Penh, Cambodia is part of a strategy of supplying their top-performing products across the region. Kiron and IPG signed a multi-year agreement in September 2014 to provide …

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Online experts lined up for Macao Gaming Summit

Organisers of the upcoming Macao Gaming Summit, which takes place alongside the Macao Gaming Show at the Ventian Macao, have confirmed a speaker line-up consisting of many of the leading authorities on gaming in Asia. The 2014 Summit, whose theme is ‘Asian Gaming: Looking beyond the Horizon’, will feature a hand-picked line-up of speakers all of whom have a detailed …

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