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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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DraftKings joins hands with Scarlet Pearl Casino Resort

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US-based DraftKings has signed an agreement with Scarlet Pearl Casino Resort in D’Iberville, Mississippi to officially open DraftKings at Scarlet Pearl Sportsbook. The new facility will start functioning on 16 November 2018. The sportsbook will transform Scarlet Pearl’s existing PRL Bar into a multi-screen betting and social destination for sports lovers.

“We’re thrilled to be working with Scarlet Pearl Casino Resort, whose leadership has a high bar for quality and a forward-thinking approach to sports betting; a perfect fit for DraftKings,” said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings. “We’re excited to bring and offer an innovative sports betting experience to sports fans in one of the largest and most competitive gaming markets in the U.S.”

DraftKings at Scarlet Pearl Sportsbook will offer a superior customer experience that includes the opportunity to wager on dozens of sports. In addition, the sportsbook will soon offer live, in-game betting with three windows, giving sports fans a variety of ways to place their bets. Pending regulatory approval, the sportsbook will incorporate on-site kiosks and an on-premise mobile app.

 “We are excited to introduce DraftKings, a ‘New Way’ to game for our current and future guests,” Scarlet Pearl Casino Resort CEO LuAnn Pappas said. “Our collaboration with DraftKings is an opportunity for us to continue to set high standards on the Mississippi Gulf Coast and give our players a new home for sports betting.”

Directing the Scarlet Pearl Sportsbook team will be Nicholas “Nico” Sfanos, who previously ran sportsbooks for Station Casinos throughout Nevada.

 

Source: 5StarMedia


Source: European Gaming Media

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Aragon and Catalonia officials visit Zitro Games

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The high officials of Aragon and Catalonia have visited the facilities of Zitro Technological Campus in Barcelona. The visiting team was headed by the Interior Justice Director of the Government of Aragón, Ms. María Ángeles Júlvez León, and the Tax and Gambling Director of the Generalitat of Catalonia, Ms. Natalia Caba Alba. They were accompanied respectively by the Head of Authorisation and Sanctions Service Ms. Elena Pérez Aparicio and by the Gambling Deputy Director Mr. Amadeu Farré i Morel. The team examined the manufacturing process behind each product in detail.

Forming an exceptional entourage, and accompanied by Johnny Viveiros Ortiz, founder of Zitro, Manuela Jiménez, Vice President, Sebastián Salat, CEO, Marta Cuesta, Product Director, and Cristina García, Director of Institutional Relations, the authorities have visited the different departments which are located in the Zitro Technological Campus, where software development, video bingo and video slot game design and Zitro Interactive applications are carried out.

The campus, which is fully devoted to Research + Development + Innovation activities, also has state-of-the-art video and sound recording studios, as well as a plant that’s dedicated to the manufacture and quality control of Zitro and Bryke gaming machines.

Johnny Viveiros Ortiz said that “we are very grateful to the authorities for their interest in learning about our Technology Campus and we are very proud to show them our Factory of Ideas in detail, where Zitro’s great team turns them into unique experiences for players around the world, using the most advanced technology on the market.”


Source: European Gaming Media

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From Alpha to Omega, BetConstruct chooses SiGMA

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From Alpha to Omega, BetConstruct chooses SiGMAReading Time: 2 minutes

 

Staying on a track of the latest regulatory and technological developments, on November 28 to 30 BetConstruct representatives travel to the capital of Malta, to participate in professional networking event SiGMA 2018.

“Malta iGaming Summit started 5 years ago, just when we established our office on the island. Since then the event has grown tremendously, just like BetConstruct, and became one of the most significant exhibitions in our busy calendar of events. Given all that plus a number of our products licensed by Malta Gaming Authority, we simply could not miss the expo.” – said Kristina Hambardzumyan, Regional Director in Malta.

To the world’s igaming village BetConstruct takes its fully-fledged white label offerings for the regulated European market. The line-up of gaming products has RNG and Live Casinos, Skill Games and Poker that has been recently added to our set of licensed products by MGA. As for betting solutions we have Sportsbook, Fantasy Sports and Virtual Sports. FeedConstruct will showcase the company’s data feed products with 4 in 1 solutions and Friendship Platform, a live video stock for federations and sporting video providers.

Alongside our standard package, the gaming products of well-known Malta-licensed casino providers are also available through our platform due to the recently granted approval from the Malta Gaming Authority.

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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

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