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iGaming Industry

Casino Operator Donaco insists online gambling launch on track for October

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casino operator Donaco International insists it’s on target to meet the October

Asian casino operator Donaco International insists it’s on target to meet the October launch date of its Cambodian online gambling operations.

Last week, Donaco CEO Joey Lim suggested that his company’s Star Vegas casino in Poipet, Cambodia might not make its stated October launch of online gambling operations. Lim told a Malaysian business paper that it could take “maybe six to seven months to develop the platform” and integrate it with the property’s CRM tools.

Fast forward to Tuesday, when Donaco filed papers with the Australian Stock Exchange indicating that its junket marketing partner Vivo Tower Limited had prepared an area in Star Vegas “for 12 online gaming tables, to be operated by third party junkets.” This online gaming area is “expected to commence operations within the next month.”

Cambodia permits many of its casino operators to conduct online gambling activities, provided they don’t accept local residents as customers. Last October, Donaco announced that it was in possession of an online gambling license and was exploring ways to utilize this heretofore untapped revenue channel.

Donaco says the online platform was developed by a third-party, believed to be one of its new junket partners, with which the company has struck a revenue sharing deal.

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DONACO ORDERS FORMER THAI PARTNER TO CEASE & DESIST
In less positive news, Donaco announced that it has issued a cease-and-desist notice to the unidentified Thai vendor of the gaming room at Star Paradise Hotel, which adjoins Star Vegas. In August 2016, Donaco began managing a gaming room at Star Paradise, for which Donaco received a fee of THB 5m per month.

This management contract has since expired and no new deal has been signed, but the Thai vendor continues to operate the Star Paradise gaming room. Donaco views this as a breach of the non-compete provisions that the family of the Thai vendor agreed to when Donaco purchased Star Vegas two years ago.

Donaco says it’s waiting to see how the Thai vendor responds to its C&D letter, but says Donaco “will not hesitate to commence legal proceedings to enforce its rights under the non-compete provisions, should this become necessary.”

SELL, SELL, SELL!
Finally, Donaco said that the family of its CEO had sold 37.5m shares in the company for “private and family reasons,” netting a total return of A$15m (US $11.8m). The announcement said no further share sales were planned “at this time.”

Joey Lim said he maintains that Donaco’s shares are undervalued, but “due to the timing of these circumstances, there was no alternative but to sell shares at this time.” Lim also said he and his family continue to hold over 230m Donaco shares, representing over 27% of the stock.…

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The post Casino Operator Donaco insists online gambling launch on track for October appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Digicode

Digicode Appoints Itai Zak as Executive Director for iGaming Division

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Digicode, a leading provider of innovative software solutions, has appointed Itai Zak as Executive Director for the iGaming division. In this role, Itai will drive the growth and strategic direction.

With over 15 years of experience in the iGaming industry, Zak brings a wealth of knowledge and expertise to Digicode. He has a proven track record of successfully leading and scaling businesses in the online gaming sector, gaining experience as the CEO of SBTech, GoWild Gaming, and Spiral Solutions.

Under Itai’s visionary leadership, GoWild Casino not only seamlessly transitioned to a state-of-the-art iGaming platform but also achieved an astounding 450% increase in profitability, driven by Itai’s strategic expansion into new markets and his ability to build and lead a formidable team of over 300 professionals.

At SBTech, Itai was instrumental in redefining the company’s sales, marketing, and business development approach, transforming SBTech into a leading provider of turnkey sports betting and iGaming solutions. His efforts have helped grow the company from 60 to over 600 employees across multiple global locations, with significant year-on-year growth in net profit.

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Itai’s appointment is a testament to the company’s commitment to innovation, excellence, and strategic growth within the iGaming sector. His proven track record in navigating complex regulatory environments, coupled with his forward-thinking approach to product and market strategy, positions Digicode for exciting advancements in its iGaming offerings.

“We are thrilled to have Itai Zak join our team. His deep understanding of the iGaming landscape and leadership skills will be invaluable as we continue to innovate and expand our foothold in this dynamic industry. Also, Itai’s proven track record in navigating complex regulatory environments, coupled with his forward-thinking approach to product and market strategy, positions Digicode for exciting advancements in its iGaming offerings,” Max Maslii, President and global CEO at Digicode, said.

In his new role, Zak will develop and execute Digicode’s iGaming strategy, focusing on driving revenue and growth. He will work closely with the product development and sales teams to deliver cutting-edge solutions tailored to the unique needs of iGaming operators.

“I am excited to join Digicode and lead their iGaming division. Digicode has a proven track record of delivering innovative software solutions, and I am eager to contribute to their continued success in the iGaming market,” Itai Zak said.

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City Center Online

Pragmatic Play Goes Live with City Center Online in Argentina

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Pragmatic Play, a leading content provider to the iGaming industry, is enhancing its standing in Argentina and is now live with City Center Online.

Taking its leading Slots portfolio to the online casino, City Center Online’s players are now set to benefit from leading titles, including award-winning hits like Sugar Rush and Gates of Olympus as well as more recent releases from Pragmatic Play’s ever-expanding portfolio such as Pub Kings and Mustang Trail.

This latest agreement follows a series of partnerships that Pragmatic Play has struck across the regulated LatAm markets, combined with several regional industry awards, further cements its position as the leading supplier in Latin America.

Victor Arias, VP of Latin American Operations at ARRISE powering Pragmatic Play, said: “We are delighted to announce Pragmatic Play’s agreement with City Center Online as the brand continues its upward trajectory and supply even more LatAm operators with its acclaimed, industry-leading titles.

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“With Pragmatic Play’s renowned slot library now live on the platform, we are confident they will be a hit with City Center Online’s players, and we look forward to see its content provision expanding even more in the near future.”

Samanta Zio, Online Gaming Manager at City Center Online, said: “The quality and brand recognition that is brought on by Pragmatic Play games cannot be understated and we are delighted to now offer its portfolio to our players.

“Underpinning our commitment to providing premium gaming experiences to audiences in Argentina, we are confident this partnership is a momentous win for City Center Online.”

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iGaming Industry

Pragmatic Play Adds TriunfoBet to Growing List of Latin American Partners

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Pragmatic Play, a leading content supplier to the iGaming industry, will soon bring its dynamic multi-product portfolio to more customers with Venezuelan operator TriunfoBet, encompassing its Slots, Live Casino, and Virtual Sports offering as part of the deal.

The supplier has continued to build on its impressive Live Casino offering with the launch of Treasure Island. The action-packed gameshow follows in the footsteps of similar hit titles such as Sweet Bonanza Candyland and Snakes & Ladders Live which are also fan favorites across LatAm.

In addition, casino classics such as Roulette and Blackjack will be brought to an even wider audience in the region thanks to this latest tie-up.

Pragmatic Play’s renowned Slot portfolio will promptly be available for TriunfoBet players to enjoy including new titles such as Gates of Olympus 1000 in addition to Christmas-themed versions of its player-favourite franchises including Big Bass Christmas Bash and Sugar Rush Xmas.

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Rounding off the collection is Pragmatic Play’s Virtual Sports which delivers cutting-edge 3D renderings of popular sports betting markets that match real-life equivalents across horse and greyhound racing, football, and motorsport.

The new agreement with TriunfoBet further boosts Pragmatic Play’s profile across the LatAm market as it cements itself as the industry-leading supplier in the region.

Victor Arias, VP of LatAm Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play’s content has become a household name in LatAm, and we are confident that TriunfoBet will achieve similar levels of success as other partners. The LatAm market continues to be a key area of expansion for Pragmatic Play, as evidenced by the consistent stream of new partnerships launched each month. TriunfoBet is the perfect addition to Pragmatic Play’s growing portfolio of partners in this region.”

Luis Lizarazo, CEO of TriunfoBet, said: “We strive to provide our players with an exceptional experience on our platform, and our latest partnership with Pragmatic Play allows us to significantly enhance our offering with their extensive range of products. Pragmatic Play’s remarkable growth in Latin America has been truly impressive, and we are thrilled to be among their latest partners. We are confident that their Slots, Live Casino, and Virtual Sports will be met with the same resounding success they have garnered worldwide.”

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