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JCRC Submits FY2023 Budget

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The Japan Casino Regulatory Commission (JCRC) has submitted a budget for JPY3.88b ($27.7m), equivalent to an increase of JPY0.35b ($2.5m) as compared to the budget sanctioned for fiscal 2022.

The rise in the budget is demanded keeping in view the situation of the revenue deficit, as there are hardly any chances for integrated casino resorts to be operational in Japan before the end of the present decade, even if the existing two concessionaires operational at Osaka and Nagasaki are given green signals to kick-off the operations.

On other hand, the commission expects a rise in manpower cost and operational cost.

The Commission estimates its present work-force to scale from present 20 to 177, which is pegged at a kind of 13% increase on a year-on-year basis.

The rise in salaries and operational cost envisaged by the commissions is pegged at JPY2.85b ($21.34m) which is additional JPY160m ($1.13m) on a YoY basis.

The commission estimates expenditure amounting to JPY460m ($3.27m) to set-up an organisation which will be in regulatory role to supervise casino operators and other similar entities, an increase of JPY70m ($0.5m).

The commission estimates an additional rise of JPY20m ($0.14m) on a year-on-year basis towards a cost of JPY220m ($1.56m) to conduct examinations of casino operators and allied business operators and entities to check and verify the suitability for granting casino licenses.

Information Technology cost to be adhered to regulate the entities falling under the commission’s jurisdiction for the fiscal 2023 remains the same as per the fiscal 2022 and amounts to JPY60m ($0.42m).

The above-cited information technology cost excludes the amount to be contributed by the commission to Japan’s Digital Agency, which amounts to JPY1.01b ($7.11m).

Japan’s Digital Agency is a government body set up to aid the digitalisation of Japan’s economy, government and society.

The Commission has calculated an amount of JPY290m ($2m) to be utilised towards public relationship activities, which includes cost involved towards establishing relations with overseas regulatory bodies, which is up by additional JPY110m ($0.78m) on a year-on-year basis.

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Asia

MelBet Announces New Partnership with СPL 2024 Champion Saint Lucia Kings

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MelBet has announced a new partnership with the СPL 2024 Champion Saint Lucia Kings.

As a Principal Partner, MelBet, the iGaming company, will support the Kings on their journey to defend their title during the upcoming season.

Both the platform and the team share the same belief: perseverance and tenacity make champions. Anyone who is inspired by the desire to win, who believes in themselves and never gives up, deserves a reward, and loyal MelBet fans know this better than anyone. As part of the partnership, MelBet will become an integral part of the St. Lucia Kings team, supporting players and fans on their way to victory.

“We’re excited to enter the season with MelBet as our Principal Partner. Their reputation for turning every moment into an unforgettable experience is a perfect match for our team. We’re confident that this partnership will bring us the luck and success we need as we aim for another great season,” said Satish Menon, CEO of Saint Lucia Kings.

“We are absolutely delighted to welcome MelBet as our principal partner for the upcoming CPL Season 13. This partnership marks an exciting new chapter for the Saint Lucia Kings, and we are confident that MelBet’s passion for sports and commitment to excellence align perfectly with our own ambitions. We look forward to a successful season both on and off the field,” said Saurabh Arora, Chief Commercial Officer of Saint Lucia Kings.

The post MelBet Announces New Partnership with СPL 2024 Champion Saint Lucia Kings appeared first on European Gaming Industry News.

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Genting Singapore Appoints Lee Shi Ruh as its New President and COO

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Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a position that had been vacant for three years.

The role was last held by former president and COO Tan Hee Teck, who was promoted to chief executive officer in May 2022.

Lee has now stepped down as CFO, the group announced in a bourse filing on Friday (Aug 1). That role will be taken over by Ang Suat Ching, currently CFO of Resorts World Sentosa (RWS), an indirect wholly owned subsidiary of Genting Singapore. Ang will retain her role at RWS.

These changes follow the retirement of Tan, who stepped down as CEO and chairman of RWS in May.

From Jun 1, Lim Kok Thay, executive chairman of the Genting Group, assumed the role of acting CEO, while Lee took on the position of CEO of RWS.

“These appointments reflect our commitment to leadership renewal as the group enters its next phase of growth,” said Lim.

He added that Lee “brings a proven track record of sound decision-making, strategic discipline, and a clear understanding of the group’s long-term priorities, which will be invaluable in her expanded role as president and COO”.

He also noted that Ang’s financial expertise will support the group’s long-term value creation.

The post Genting Singapore Appoints Lee Shi Ruh as its New President and COO appeared first on European Gaming Industry News.

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Aquisitions/Mergers

Donaco International Shareholders Approve Acquisition by On Nut Road Limited

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Donaco International Limited (DNA), an ASX-listed company focused on leisure, entertainment and associated technology, announced that its shareholders have voted in favour of the proposed acquisition of 100% of the company’s shares by On Nut Road Limited (ONR) via a scheme of arrangement. Donaco International operates casino businesses in Southeast Asia.

The resolution to approve the Scheme was passed with significant support, with 98.11% of votes cast by Donaco shareholders in favour. Additionally, 77.50% of Donaco shareholders present and voting, either in person or by proxy, attorney, or corporate representative, also voted in favour of the Scheme. The voting results reflect strong shareholder backing for the proposed acquisition.

The Scheme remains subject to the approval of the Supreme Court of New South Wales at a hearing scheduled for Thursday, 7 August 2025. The Second Court Hearing will only occur if all of the remaining conditions precedent to the Scheme have been satisfied or waived. If the court approves the Scheme and all conditions are met, Donaco intends to lodge a copy of the court orders with ASIC on Friday, 8 August 2025, upon which the Scheme will become effective and DNA shares will be suspended from trading on the ASX. Pending final approvals, the implementation of the Scheme is expected to occur on Tuesday, 19 August 2025.

The post Donaco International Shareholders Approve Acquisition by On Nut Road Limited appeared first on European Gaming Industry News.

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