Asia
SJM Expects Casino Licence Renewal for Ten Years
SJM Holdings is expecting that the authorities will extend its gaming licence beyond the current expiration date of June 26, 2022. It expects the extension won’t be for twenty years but for around ten years.
During an investor meeting, the company said that the concession length would be longer than five years yet more limited than 20 years.
The current city’s gaming laws state that licences can be extended for up to five years from the original 20-year term. SJM Holdings and other operators have attended a public consultation session and asked for more information on the government’s proposed changes to the city’s gaming laws.
Casino operators also said the government should give more details on the proposal that gaming concessionaires should be part held by a Macau resident.
Buddy Lam Chi Seng, Galaxy Entertainment senior vice president of public relations, asked if the possibility of electing “delegates” to Macau’s gaming concessions to have a “greater checking” limit on the activity of the gaming firms could have a potential impact on gaming firms’ daily operations.
Ku Mei Leng, chief-of-office of Macau’s Secretary for Economy and Finance, answered that the public authority didn’t have any “predetermined positions” on the themes, as it was still collecting opinions from the industry regarding the proposed changes.
He noted that a delegate system is already used to monitor other forms of public concession. According to previous reports, government delegates would be sent to gaming concessionaires to enable the direct monitoring of daily operations.
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Asia
BetConstruct Wins Digital Sports Betting Supplier at Global Gaming Awards Asia-Pacific 2024
BetConstruct has been named Digital Sports Betting Supplier of the Year at the Global Gaming Awards Asia-Pacific 2024, emphasising its commitment to innovation and excellence in the sports betting market.
With its advanced Sportsbook solution, BetConstruct empowers operators with the freedom and flexibility necessary to tailor their offerings. Featuring high-quality software and advanced technology, the platform provides an engaging experience for players and meets the exacting standards of its partners. It includes over 140,000 pre-match events and 70,000 live matches monthly, supported by detailed statistics from more than 3000 leagues and 21 sports tournaments.
Moreover, the key features of this solution include multi-language and multi-currency capabilities, omni-channel access across various platforms, comprehensive risk management tools, and mobile compatibility for both iOS and Android. The platform also supports advanced betting tools and exclusive in-house content, enhancing the betting experience with innovative options such as sportsbook tournaments and jackpots.
This recognition from the Global Gaming Awards Asia-Pacific is a testament to BetConstruct’s ongoing efforts to advance the sports betting industry, setting new benchmarks for innovation and operational excellence.
The post BetConstruct Wins Digital Sports Betting Supplier at Global Gaming Awards Asia-Pacific 2024 appeared first on European Gaming Industry News.
Asia
GR8 Tech Stands Out at SiGMA Asia 2024 with Best Stand Experience Award
GR8 Tech has been one of the most prominent exhibitors at SiGMA Asia 2024, winning an award for Best Stand Experience. A combination of a thoughtfully designed sectional layout, interactive kiosks with live product demonstrations and engaging entertainment, and the professional host team featuring Miss World Philippines 2022 Gwendolyne Fourniol, allowed GR8 Tech to create a memorable and impactful experience for each visitor.
Gathering Insights on the Asian iGaming Industry
In addition to celebrating excellence in stand experience, SiGMA Asia provided a great platform for gaining valuable insights into the Asian iGaming market, revealing several critical must-haves and emerging trends.
- Regional distinctions: Asia’s diversity of cultures and attitudes differentiates it significantly from Europe, while its approach to market success, regulation, and business ethics makes it easy to find many similarities with LatAm. The market structure in Asia features major B2B players aggregating content for smaller white-label providers, and utilizing multiple sportsbooks via iFrame is a common practice.
- Emerging trends: The market is moving towards increased regulation, which already starts to drive new platform requirements needed to remain compliant. White labels continue to be a favored model, but as the markets mature, this can shift into demand for more turnkey solutions – an evolution similar to what we currently see in Latin America.
- Key requirements for success in Asia: Just like in every macroregion with several distinct countries within it, localization plays a crucial role, spanning all elements from the back to the front end of the product.
In tune with this must-have, GR8 Tech has just refined its approach to the platform’s Asian View through extensive research and adaptation to industry standards. The Asian View offers two distinct interfaces: a comprehensive view displaying up to six markets on a single card and a compact view focusing on one market per event, allowing users to easily switch between them for a personalized betting experience. It prioritizes quick access to main market options, especially Asian total and handicap for football, ensuring users can place bets efficiently without navigating through extensive details.
Future Focus
Looking ahead, GR8 Tech will keep its focus on key Asian markets such as the Philippines, India, Indonesia, Thailand, and Japan. While requiring a thorough approach to localization, these markets offer significant growth potential and future prospects.
SiGMA Asia 2024 proved to be a resounding success for GR8 Tech, resulting in numerous quality leads and the signing of a new contract. The company is excited about its next destination, iGB Live, held on July 16-19 in Amsterdam, Netherlands. At this event, GR8 Tech will continue to showcase its high-performance products, engage with industry leaders, and contribute to driving the iGaming field forward.
The post GR8 Tech Stands Out at SiGMA Asia 2024 with Best Stand Experience Award appeared first on European Gaming Industry News.
Asia
EGT took the “Best Land-based Game Machine 2024” prize from SIGMA Asia Awards for the second year in a row
EGT won the accolade in the category “Best Land-based Game Machine 2024” at the SIGMA Asia Awards for the second year in a row. At a lavish ceremony held on June 3 at the Forbes Ballroom – Conrad Hotel, Manila, the competition honored the Bulgarian manufacturer of gaming equipment along with other companies for their achievements in the gaming industry over the past 12 months.
EGT took the prize for its cutting-edge slot cabinets of the latest General Series, which stand out with a modern attractive design, exceptional comfort provided by their numerous ergonomic features, as well as with the rich gaming world of the company’s multigames and jackpots. The award is also a recognition for EGT’s overall contribution to the development of land-based gaming.
“We are flattered to receive this award again,” commented Mariana Manchina, Sales Manager for the Philippines at EGT. “It is a proof that any goal can be achieved as long as you work with the right team. I would like to thank our incredible colleagues as well as our valued partners who believe in us and support us. They all inspire us to continue to strive for excellence!”
The post EGT took the “Best Land-based Game Machine 2024” prize from SIGMA Asia Awards for the second year in a row appeared first on European Gaming Industry News.
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