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Macau casinos donate about US$ 200 million to charities

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A study conducted by the Institute for Social and Cultural Research at the Macau University of Science and Technology (MUST) has revealed that six casino operators in Macau have contributed a total of HKD1.56 billion (close to US$200 million) to charity organisations in the seven years between 2011 and 2017.

However, that amount is only a small fraction, 0.085 per cent to be precise, of the combined gross revenues of these companies during the reporting period. They said the findings were based on information available on various sources such as companies’ respective annual reports and official websites, as well as on media reports.

The donations were mainly directed to education, scientific research, environmental protection, and disaster relief, stated the report.

The amount donated to charities by the city’s six casino concessionaires declined by an annual average of 6.48 per cent between 2011 and 2017, said Lin Guangzhi, director of the Institute for Social and Cultural Research, in the press briefing. He added that the findings of the study showed that there was room for the casino operators to increase their donations to charity causes, as well as to update their respective policies regarding donations.

According to the document, the firms’ donations to charities followed the trend of gross gaming revenue (GGR) performance in the Macau market. Such GGR underwent a three-year contraction starting in 2014.

The report stated that Wynn Macau Ltd, Galaxy Entertainment Group Ltd. and Sands China Ltd. were the biggest contributors during the reporting period, donating respectively HKD745.8 million, HKD430.1 million and HKD117.4 million.

The tally of casino operator donations “can be increased, and it should be done in a more effective way,” suggested Prof. Lin, as quoted by Portuguese-language newspaper Jornal Tribuna de Macau.

The scholar added that the city’s casino operators could wish to consider a more methodical and efficient approach to charitable donations.

“The casino operators should create their own departments to oversee charitable donations, including long-term mechanisms and a more professional approach,” he reportedly said.

Macau already levies an effective tax rate of 39 per cent on casino GGR – 35 per cent in direct government tax, and the remainder in a number of levies to pay for a range of community good causes.

MUST is currently conducting one of two studies commissioned from outside bodies by the Macau government on the possible development of the city’s gaming sector in the period between 2020 and 2030. That start of that period coincides with the expiry of the current six gaming licences on the Macau market.

According to the government, one study would look at social and economic issues, and the other at “healthy development” of the industry and regional competition. The studies are due to be completed by the third quarter of 2018. 

Source: ggrasia.com


Source: European Gaming Media and Events

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Breaking News: Dutch Senate votes to legalize online gambling

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The Netherlands Senate voted today in favor of the country’s long-awaited online gaming legislation, which was approved by the House of Representatives back in 2014.

The new regulatory regime will allow operators to secure online sports betting and casino gaming licenses to serve Dutch consumers, subject to secondary legislation that is yet to be submitted for European Commission approval.

Today, the Dutch Senate voted in favor of legislation to legalize internet-based gambling, clearing the way for foreign and Dutch firms to apply for licenses.

On Monday, the Financieele Dagblad said some 300 companies have expressed interest in running a gambling website in the Netherlands and about 50 are expected to make a formal application for a license when they are up for grabs next year. Tuesday’s vote comes two years after the lower house voted in favor of allowing third parties to legally offer online gambling.

Holland Casino is the Netherlands’ only state-regulated gambling establishment but foreign firms widely flout the ban and continue to target Dutch punters.

The two Christian parties in the ruling coalition voted against the legislation. They claim allowing more companies to offer online betting will lead to more problems with addiction.

Source: DutchNews.nl


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Breaking News: Dutch Senate votes to legalize online gambling

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BetConstruct attained a partnership with SA Gaming

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BetConstruct announces a new strategic partnership with an online entertainment platform provider in Asia – SA Gaming.

As a result of the agreement, SA Gaming’s various slots and live casino solutions will be integrated into BetConstruct’s platform. Around 30 slots such as The Guard, World Cup Fever, Red Dragon, Saint of Mahjong, Indiana’s Quest, Dragon Tiger, and others currently fulfill their gaming catalog.

“This is an important partnership for us, as a result of which our gaming portfolio will be enhanced with more Asian themed slots and live casino games, ” says BetConstruct regional director Lusine Khudaverdyan.

 

Apart from the slots, SA Gaming has a wide portfolio of live casino games famous in Asia. Following the partnership, we already support such games as Baccarat, Roulette, Sic Bo, Fan Tan and Speed Baccarat from our new Asian 3rd party provider. Together with SA Gaming we believe to provide premium gaming solutions for all our partner operators.

 

About BetConstruct

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales, and service centers around the globe.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back-office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetConstruct attained a partnership with SA Gaming

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Bangladesh bans online gambling websites

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Bangladesh Telecommunication Regulatory Commission (BTRC) has asked all the internet gateway providers and Telecom department to run an internet safety solution programme to block online gambling websites. BTRC is believed to have received an instruction to effect the same from the country’s government.

The telecom regulator has sent the order to block the websites so that these websites will not be accessible in Bangladesh again.

“It might take few more hours to block all the sites completely as blocking any site is so technical,” said Md Emdadul Hoque, general secretary of Internet Service Provider Association of Bangladesh (ISPAB).

A top official of the BTRC said they have often found complaints from different sides about online gambling and that needs to block for the sake of safe internet.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bangladesh bans online gambling websites

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