Asian gambling operator Genting Malaysia has sold its final 16.8% stake in Genting Group subsidiary Genting Hong Kong for a reported US $415 million (£320 million). The sale represents the lowest price permitted for the disposal of cruise line operator Genting Hong Kong at $ 0.29 cents per share. Last Friday Genting Malaysia governance issued a corporate filing with Bursa …
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Peter Greenhill, recently recruited as Head of eBusiness by Equiom Group, explains how his new firm fits into the gaming eco-system and why it decided to become a sponsor of the Asian Spring Social, organised by AGBrief and SBC. SBC: Hi Peter, great to catch up. As a gaming and eBusiness leadership veteran, what attracted you to join the Equiom Group …
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Alibaba Group, Asia’s biggest online retailer, has agreed to buy a majority stake in Hong Kong-listed lottery technology provider AGTech Holdings for HK 2.4 billion ($308 million). The deal which will be processed through Alibaba investment subsidiary, Ali Fortune Holdings will see the retailer enter the rapidly growing Chinese lottery sector. Issuing a public filing with the Hong Kong Stock …
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SportQuake has today announced the opening of new Hong Kong and Beijing offices as part of their expansion into the China market. The growth represents another milestone for SportQuake in a year that marks its 10-year anniversary since being founded by Matt House, the former Tottenham Hotspur Commercial Director. The agency has delivered over £150 million worth of partnerships between sports rights owners …
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Germany’s totalisator is the latest to join Tabcorp’s multi-billion dollar wagering pools, following an agreement completed between Tabcorp and German Tote. German Tote is majority-owned by French wagering operator Pari Mutuel Urbain (PMU), while German racetracks (BGG Betriebsgesellschaft der Galopp-Rennvereine mbH) also have a minority stake. The deal will involve the German Tote taking all Australian thoroughbred and harness racing and co-mingling their …
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The International Cricket Council (ICC) today confirmed that it has charged and provisionally suspended Hong Kong cricketer Irfan Ahmed with an offence under Article 2.4.2 of the ICC Anti-Corruption Code (effective from 10 October 2012 to 10 November 2014). As reported in the Sydney Morning Herald, Ahmed has been charged with the anti-corruption offence after being approached by one of …
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China’s Federal police force have busted a multinational online gambling syndicate reported to have wagered more than 500 billion yuan (£52 billion) in bets and with a customer base of nearly a million registered members. The arrests were ordered by China’s Ministry of Public Security under fraud investigation Opertion 109. Local news sources report that the investigation into the syndicate …
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The Hong Kong Jockey Club (HKJC), has partnered with the Hong Kong FA (HKFA) in order to develop football initiatives in the autonomous region. Working alongside executives of the HKFA, the state licensed operator has formed a five year plan to support all levels of football. HKJC will back the plan with a HK $120 million (£11 million) donation targeting …
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Australian gambling operator Melco Crown has issued a corporate statement, confirming that conditions for its delisting from the Hong Kong Stock Exchange had been met as of 26 June. Today will represent the last day of trading by Melco Crown, as the operator expects to be fully withdrawn from the Asian exchange by 4pm Friday 3 July. In January Melco …
Read More »The Hong Kong Jockey Club (HKJC) racing division is set to undertake an organisational restructure and new appointments in its management, as the Asian gambling operator looks to support its future growth plans. HKJC announced that from 1 August its racing division will be split into two business units, Racing Business & Operations and the Racing Authority Division. The separation …
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