Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Asia

Okada Manila International, Inc. Announces Corporate Name Change to UE Resorts International, Inc.

Published

on

Reading Time: 2 minutes

 

Okada Manila International, Inc., the anticipated holding company of Okada Manila, one of the premier destination casino resorts in Asia and the largest integrated resort in the Philippines, announced that it has approved its corporate name change to UE Resorts International, Inc.

The new name was created to better reflect the corporation’s expansion plans in Asia and other countries around the world, including the US.

UE Resorts International, Inc. commits to supply superior value in gaming, gaming technology, lodging and entertainment. As part of the name change, UE Resorts International, Inc. will honour its commitment to utilise its prime waterfront real estate in Entertainment City, Manila to drive consumers and potential guests from across the globe to its luxurious Okada Manila integrated resort in the Philippines.

Advertisement

“The transition to UE Resorts International, Inc. marks another milestone for our business. The corporation continues to show it’s taking advantage of its alluring destination in one of the fastest-growing gaming markets in the world to stimulate revenue while providing its guests with outstanding experiences,” said Byron Yip, President of UE Resorts International, Inc.

In October, Okada Manila International, Inc. announced it entered into a merger agreement with 26 Capital Acquisition Corporation (NASDAQ: ADER), a Miami-based publicly traded special purpose acquisition company founded by renowned gaming expert Jason Ader, to become a publicly traded company. The deal may provide up to $275 million of cash to the business, and the transaction is expected to close in the first half of 2022. The name change will accommodate this exciting new chapter for the business entity as it continues to expand in the Philippines and look outside its current market for additional opportunities.

“As the business continues to evolve, it was fitting to change the name. Our partnership with Jason Ader and 26 Capital was only the beginning of our plans. We have decided to change the company name of Okada Manila International, Inc. to UE Resorts International, Inc. to focus our combined efforts for the future growth and development of Okada Manila and our ambitions to establish a presence in other countries around the world,” said Jun Fujimoto, Chairman, President and CEO of Universal Entertainment Corporation, the parent company of UE Resorts International, Inc., which, through its wholly-owned subsidiary Tiger Resort, Leisure and Entertainment, Inc., operates the Okada Manila resort.

Continue Reading
Advertisement

Africa

Hub88 partners with LiveGames to enhance content offering

Published

on

hub88-partners-with-livegames-to-enhance-content-offering
Reading Time: < 1 minute

 

Hub88 has partnered with live casino supplier LiveGames, further strengthening its product offering by adding a unique range of content to its platform.

LiveGames provides fully customisable online live dealer games and branded tables including the first vertical roulette table in the sector, along with crash games and the widely played Tombola.

The supplier delivers experiences with a player-focused design, easy to use mobile interface, and high-resolution broadcasts.

Advertisement

The partnership will support LiveGames’ goal to further expand in international markets, including Africa, Asia, and Latin America where Hub88 has a strong presence.

The deal showcases Hub88’s commitment to grow its ecosystem of partners, offering a diverse portfolio of products and content.

Ollie Castleman, Head of Hub88, said: “We’re thrilled to unveil this strategic partnership with LiveGames which sees us add a great provider to our platform, one that utilises modern technology to offer bespoke and personalised gaming experiences to players.

“We are looking forward to collaborating and strengthening our content library with their diverse games.”

The LiveGames Team said: “Our journey started in a small studio and as a team, we are excited about now expanding to every corner of the world together with Hub88 and their extensive operator network.

Advertisement

“We are committed to promoting innovation in the industry and this partnership will support us on that mission.”

The post Hub88 partners with LiveGames to enhance content offering appeared first on European Gaming Industry News.

Continue Reading

Asia

Indonesian Govt to Form Task Force to Tackle Online Gambling

Published

on

indonesian-govt-to-form-task-force-to-tackle-online-gambling
Reading Time: 2 minutes

 

Indonesian President Joko Widodo has chaired a limited meeting which discussed the efforts taken to eradicate online gambling in the country on Thursday 18 April, at Merdeka Palace in Jakarta. Minister for Communication and Information Technology Budi Arie Setiadi, in his press statement after the limited meeting, said that the Government will form a task force to counter online gambling.

“It has been decided that within a week, we will formulate measures to form an integrated task force in order to eradicate online gambling,” Budi said.

Minister for Communication and Information Technology mentioned that forming a cross-ministries/institutions task force is aimed to handle online gambling more thoroughly, collaboratively and efficiently.

Advertisement

“Gambling is an illegal act based on regulations. So, we need to impose measures effectively to settle it,” Budi stated, adding that his ministry will focus on handling online gambling websites and contents, while the law enforcement officers will enforce the law.

“Our authority is only to take down the websites, while the Financial Services Authority (OJK) blocks their financial accounts, and then followed by law enforcement officers, police officers, and the public prosecution service officers,” he remarked.

Similarly, OJK’s Chairperson of Commissioner Board Mahendra Siregar also highlighted the importance of holistic measures in eradicating online gambling in Indonesia.

“Some online gambling activities are not conducted in Indonesia, some are cross-borders, some do not use bank accounts, some needs to be tracked and traced through bank accounts, including transfers and so on. So, the next layers must also be addressed, and that way it leaves no empty rooms,” Mahendra explained.

Mahendra said that according to the institution’s authority, from the end of 2023 to March 2024, OJK has blocked around 5000 bank accounts that indicate its relation to online gambling.

Advertisement

“So far, we have cooperated closely with Communications and Information Technology Ministry. So, if we receive a list of bank accounts suspected to be used or are being used in online gambling activities, we immediately block them, and it has reached up to 5000 bank accounts,” Mahendra mentioned.

The post Indonesian Govt to Form Task Force to Tackle Online Gambling appeared first on European Gaming Industry News.

Continue Reading

Asia

China’s CBA League Extends Global Broadcast and Integrity Partnership with Sportradar

Published

on

china’s-cba-league-extends-global-broadcast-and-integrity-partnership-with-sportradar
Reading Time: < 1 minute

 

The Chinese Men’s Professional Basketball League (CBA League) and Sportradar announced a strategic extension of their partnership aimed at growing the league’s global presence and ensuring integrity within Chinese basketball.

This extension will leverage Sportradar’s expansive network to distribute more than 550 games, including highlights and short form video, through the regular and post-season. Through international broadcast and audio-visual distribution channels, including leading broadcasters, streaming services and over-the-top (OTT) platforms, the collaboration seeks to enhance fan engagement and broaden the league’s viewership in international markets.

CBA League will also continue to receive Sportradar’s market-leading integrity services, with its suite of technological solutions and products deployed to safeguard CBA League competitions against a range of integrity threats.

Advertisement

Shirley Lv, who led the broadcast rights negotiation at CBA League, said: “We are delighted to extend our partnership with Sportradar and believe it will provide enriched possibilities and further awareness for CBA League, given the company’s extensive experience and recent track record. By building up opportunities globally in this long-term partnership, we look forward to developing the continued growth of the CBA League and reaching out to new audiences around the world.”

Ben Turner, Head of Sports Content and Partnerships, APAC and Head of Global Basketball, Sportradar said: “Sportradar is the unparalleled partner to propel CBA League towards previously untapped levels of global visibility. Basketball is one of only a few sports with significant global appeal, and Sportradar is committed to maximizing this potential for both the CBA League and our clients. Together, we will continue to unlock immense value through our content offering, fostering growth and engagements across diverse markets.”

The 2023/24 season is the CBA league’s 29th edition, with 20 teams vying for top honours.

The post China’s CBA League Extends Global Broadcast and Integrity Partnership with Sportradar appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Trending