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.
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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CT Interactive Signs Deal with Torrero Platform
CT Interactive has signed a key deal with Torrero Platform N.V and Тorrero Ltd, prominent players in the iGaming industry.
“We are so proud to partner with Torrero. Torrero Platform is a leading player in the iGaming industry, offering a comprehensive suite of solutions designed to empower operators and enhance player engagement. Through this partnership, we will increase our presence in Europe, Brazil, Mexico and Asia,” Lachezar Petrov, CEO at CT Interactive, said.
With a focus on delivering exceptional gaming experiences, CT Interactive continues to push boundaries in the iGaming space through its commitment to quality, creativity, and player-centric offerings.
Antonio Donov, Business Development Manager EMEA at CT Interactive, said: “The collaboration between CT Interactive and Torrero Platform is underpinned by a shared commitment to delivering excellence in the iGaming space. By combining our resources, knowledge, and networks, both companies stand to benefit from the partnership.”
Aleksei Tolstov, Head of Business Development at Torrero, said: “The agreement entails that CT Interactive will be launched on various platforms, including betmaster.com, betmaster.ie, casinoin.ie, bongo.io, and betmaster.com.mx. These games will be accessible in markets spanning from Mexico to Estonia. Torrero.com offers customized casino and sportsbook solutions globally, providing game aggregation services and enhancing multiple brands to deliver top-notch experiences.”
Pragmatic Play Grows in Paraguay and Brazil with Giro Win
Pragmatic Play, a leading content supplier to the iGaming industry, is achieving further expansion in Paraguay and Brazil after signing a multi-vertical deal with Giro Win.
The deal encompasses the supplier’s Slots, Live Casino and Virtual Sports products, bringing its portfolio to an even greater LatAm audience.
Pragmatic Play’s Slots portfolio has seen numerous player-favourite additions in recent weeks that will soon be available for Giro Win’s costumers, including new titles in the iconic Big Bass franchise as well as the renowned John Hunter series. The agreement also includes award-winning staples such as Sugar Rush and Gates of Olympus.
The supplier’s Live Casino content stretches from casino classics such as roulette and blackjack to captivating live game shows such as Sweet Bonanza CandyLand and Snakes & Ladders Live that are also part of the agreement.
Also included is Pragmatic Play’s Virtual Sports, powered by a real-time physics engine and providing life-like renditions of popular sports such as Formula 1, greyhound racing and horse racing, on-demand to sports bettors.
As it further expands across LatAm, Pragmatic Play continues its commercial trajectory and ambitions of delivering fresh content to even more players than ever before.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “With LatAm remaining a source of commercial growth for Pragmatic Play, its latest partnership with Giro Win underpins its ongoing commitment to bringing a dynamic entertainment offering to more consumers in the region.
“Giro Win is an esteemed operator in the Latin American market and Pragmatic Play is proud of this new partnership that will see its Slots, Live Casino and Virtual Sports soon integrated to its platform.”
Hélio Cuevas, Director of Giro Win, said: “Pragmatic Play’s portfolio boasts some of the best games in the industry and it will be a welcome addition to our offering. We have no doubt the response to the large quantity of Slots, Live Casino and Virtual Sports titles that Pragmatic Play offers will match the overwhelming reception they have already experienced worldwide.
“Giro Win and Pragmatic Play share a vision of powering up new possibilities for players and delivering an unmatched experience and we are delighted to now count them as a partner.”
Pragmatic Play to Have Significant Presence at SBC Summit Latinoamérica
Pragmatic Play, a leading content supplier to the iGaming industry, is set to be in attendance at the upcoming SBC Summit Latinoamérica.
Exhibiting at stands G40 and H40, Pragmatic Play’s leading portfolio of multi-product content will be on display to cement its standing as the leading supplier to the Latin American market.
Pragmatic Play will be a Gold Headline Sponsor of the event, where the team will join attendees at the Seminole Hard Rock Hotel & Casino in Miami from the 31st of October to the 2nd of November.
The conference forms part of its LatAm Mission Itinerary, a campaign to inform delegates across leading industry events how Pragmatic Play can twist, transform, and elevate gaming experiences. Marking Mission #12, the provider’s attendance will be figure-headed by its Spaceman, the main character from its market-leading crash game title.
The Pragmatic Play team will be on hand at its stands to greet both current and potential clients and detail the advancements it has made in the realms of Slots, Live Casino, Virtual Sports, and Bingo.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is thrilled to announce its attendance at the upcoming SBC Summit Latinoamérica and looks forward to welcoming attendees and gaining a deeper understanding of the lively Latin American market.
As Mission #12 in Pragmatic Play’s LatAm itinerary, it has a lot in store for the conference and will reaffirm its commitment to providing new dynamic experiences that allow its partners to excel.”
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