Updating investors, embattled New York-listed Chinese sports lottery operator 500.com has confirmed that Chairman of the Board Man San Law has stepped down from the governance position with immediate effect. San Law’s position will be split with director Lian Qi taking on the responsibilities of Chairmanship, supported by Bo Yu who will act as Director of Governance, a decision which …
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US casino operator Las Vegas Sands Corp (Sands) has confirmed that it will pay a $6.96 million penalty in order to resolve its ‘Foreign Corrupt Practices Act’ (FCPA) dispute in connection with business transactions carried out in China and Macao. The penalty charge imposed on Sands relates to the company failing to implement appropriate ‘internal accounting controls’ ensuring the legitimacy …
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Clarion Events has confirmed that a total of 91 gaming organisations from across 34 nations will be exhibiting at ICE for the first time in February 2017. Kate Chambers, Managing Director of Clarion’s gaming division, has described the large number of first time exhibitors as the ‘X Factor’ in the success story of the industry’s biggest B2B gaming event. For first …
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New York-listed Chinese sports lottery operator 500.com, has reported its sixth straight quarter with no corporate revenues, as concerns continue to mount regarding the firm’s future. 500.com is still under ‘temporary’ suspension of its lottery services issued by the Chinese Ministry of Finance, who in April 2015 placed a ban on all lottery transactions via online or third party networks. …
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Embattled Caesars Entertainment Corporation (CEC) has agreed to sell its mobile and social gaming asset Playtika Studios to a multi-party Chinese consortium led by Shi Yuzhu (Founder of Giant Interactive Group) in a $4.4 billion all-cash deal. Updating the market on Sunday, CEC governance stated that it had entered a ‘definitive agreement’ for the sale of Playtika a core part …
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Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …
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Yggdrasil has brought Chinese fairytale to life with the release of its latest slot title, Legend of the White Snake Lady. The winners of Slot Provider of the Year for 2016 at the EGR B2B Awards have based the new game on Chinese Mythology, with a ‘Win All Ways’ feature. This means it has no pay lines, and any combination …
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The Cyber Administration of China (CAC) regulator of digital services, is reported to be investigated Chinese media giant Baidu regarding the advertising of illegal gambling sites on its search engine listings. Chinese governmental concerns have arisen following numerous cases of illegal online gambling and betting operators being promoted on Baidu listings, breaching national gambling laws. Baidu, China’s largest search engine …
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Dafabet has announced that they have agreed a new deal to continue as Sunderland AFC’s main sponsor until at least 2019. The company first announced the partnership with Sunderland in the summer of 2015, and will become one of the longest serving principal partners in the club’s history. As part of the deal, Dafabet will undertake a number of match day, …
Read More »Work will soon begin on a new 71-story hotel and casino complex in Sydney, after Australian mogul James Packer won approval for the building from NSW’s Planning Assessment Commission (PAC). This was the final planning process hurdle for Packer, who won the rights to build the Crown Resorts complex after a bidding war with The Star Casino in 2012, and …
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