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Primorye still waits for casino plots bid

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Primorye still waits for casino plots bid

Primorsky Krai Development Corp says it has yet to receive any official bid for plots earmarked for casino development up for auction in the Primorye casino development area, near Vladivostok in Russia.

Primorsky Krai Development launched in July a total of three independent auctions for land in Primorye that is earmarked for casino development. The initial deadline for applications was August 28, but the company extended the time limit for submission of bids until Thursday (September 28). It said at the time that the decision was made to provide potential bidders with more time to prepare their proposals.

We held on-site activities to demonstrate the potential of the … lands,” said the company at the time, mentioning interest from firms based in Russia, China, South Korea and several European countries. Aside from providing potential bidders with more time to prepare their proposals, the firm said it would also use the additional time “to attract new investors”.

We have not received applications yet [for the land auctions] but our headquarters are staying in touch with investors and companies,” – said Primorsky Krai Development spokesperson.

The spokesperson added that Primorsky Krai Development representatives were scheduled to meet today (Monday) with executives from a Russian company potentially interested in participating in the land auction.

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The Primorye casino development area is located 50 kilometres (31 miles) from Russia’s Pacific port of Vladivostok. Primorsky Krai Development is a government-owned company overseeing the development of the Primorye area.

Andrey Folomeev, general director of Primorsky Krai Development, told GGRAsia in August that, according to a report prepared by consultancy Ernst & Young for Primorsky Krai Development, the Primorye casino development area is expected to generate annual gross gaming revenue of US$2.2 billion by 2025. Mr Folomeev also said at the time that Primorsky Krai Development had received enquiries from Russian and international firms about the plots up for auction in the Primorye casino development area.

The only company that has so far built a casino in that area is Hong Kong-listed Summit Ascent Holdings Ltd. It opened phase one of its Tigre de Cristal resort in autumn 2015.

Hong Kong-listed casino operator and developer NagaCorp Ltd had a ground breaking ceremony on its Primorye site in May 2015. Company chairman Tim McNally said recently that the firm was still anticipating to open the property in the first half of 2019.

A third investor, Diamond Fortune Holdings Ltd, reportedly began earlier this year ground preparation for its first casino resort in Primorye. The firm plans to open the first stage of the project – named Selena World Resort and Casino – in 2019.…

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Source: EEGaming.

BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

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Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.

“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.

Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.

Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.

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Canada

SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence

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SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.

Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.

The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.

SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.

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Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.

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