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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.

Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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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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