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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.

4Play

Fast Track Enters into Partnership with 4Play

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Fast Track, the leading player engagement platform built specifically for the iGaming industry, has partnered with 4Play, a dynamic and innovative gaming operator renowned for its exceptional player experiences in both casino and sports betting.

Launched in 2023, 4Play has rapidly gained recognition in the industry, primarily targeting the burgeoning Brazilian market. With a commitment to delivering unparalleled entertainment, 4Play offers its players a seamless experience in Portuguese, featuring popular gaming verticals such as casino and sports betting.

4Play’s decision to integrate Fast Track CRM comes as part of its strategic initiative to bolster player retention and streamline operations through advanced automation. Fast Track’s robust platform will enable 4Play to automate complex player journeys, ensuring each interaction is personalised and timely.

“We are excited to partner with Fast Track to elevate our player engagement strategies. Their innovative approach to CRM and their commitment to creating individualised player experiences align perfectly with our vision for 4Play. We look forward to leveraging their platform to enhance our player retention and operational efficiency,” Mateus Ihering, Chief Operating Officer of 4Play, said.

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Fast Track’s CRM platform, recognised for its real-time data capabilities and comprehensive automation suite, will support 4Play in achieving its business goals. By automating player communications and optimising the registration journey, 4Play aims to significantly increase its number of depositors while maintaining a high level of engagement among its 148,000 monthly active users.

Simon Lidzén, Co-Founder and CEO of Fast Track, said: “We are delighted to welcome 4Play into the Fast Track family. Their innovative spirit and dedication to providing top-tier player experiences make them an ideal partner. Together, we will set new standards in player engagement and retention, ensuring that 4Play continues to thrive in the competitive iGaming landscape.”

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Andrés Tamayo

Pragmatic Play Enhances FullReto Partnership with Virtual Sports Addition

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Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto.

The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.

Fantastic League, Greyhound Racing, and the thrilling motor racing-themed Force 1 are among the games now available to FullReto customers as the operator looks to capitalise on the rapidly increasing popularity of Virtual Sports to consolidate its position as a leading platform in Colombia.

The multi-product partnership reaffirms Pragmatic Play’s intentions to expand its offering in the LatAm markets, with FullReto now offering a vast catalogue of Pragmatic’s award-winning games across three verticals.

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Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is delighted to reinforce its partnership with FullReto by providing its players with access to its renowned Virtual Sports games. The deal not only emphasises Pragmatic Play’s desire to provide Colombian players with an exciting online gaming experience, but also demonstrates the supplier’s dedication to furthering its Latin American expansion.”

Andrés Tamayo, General Manager at FullReto, said: “FullReto’s continued collaboration with Pragmatic Play highlights our main objective of supplying the optimal player experience. The addition of Pragmatic Play’s Virtual Sports offering, on top of its Slots and Live Casino games, will ensure FullReto players have access to hundreds of fan-favourite games across a variety of verticals.”

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Alonso Huiman

Pragmatic Play Launches Live Casino Offer at Atlantic City

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Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its Live Casino footprint across Peru after going live with major local operator, Atlantic City.

The partnership sees Pragmatic Play’s full Live Casino portfolio integrated with the operator, enabling players in Peru to enjoy market-leading titles such as Blackjack, Roulette, and Baccarat from the supplier’s award-winning portfolio.

This latest agreement showcases Pragmatic Play’s plans for growth in LatAm, exhibiting an array of its verticals across multiple territories in recent months. It is the latest deal signed by Pragmatic Play with a Peruvian operator, following a comprehensive growth strategy in the country.

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Atlantic City is one of Peru’s most reputable operators and offers another opportunity to showcase the Pragmatic Play Live Casino portfolio in Peru. With an offering that will deliver exceptional gaming experiences to players, this partnership promises to cement Pragmatic Play’s position at the forefront of the Peruvian iGaming industry.”

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Alonso Huiman, Chief of Online Casino at Atlantic City, said: “This landmark agreement with Pragmatic Play is a pivotal moment for us. Its vast selection of table and card games will resonate seamlessly with our player base and we are confident that this will propel our brand to new heights.”

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