Asia

Melco Crown sell-off props Crown Resorts 2016 profits

Presenting its full-year results (year ending 30 June), Crown Resorts LTD (Crown) has reported net profits of AUS $948 million (£555 million) up 14% on corresponding FY 2015 corporate earnings. Crown year-end results would be propped by its AUS $602 million (£350 million) share sell-off in Melco Crown Entertainment (MCE), as the company reduced its shareholder equity from 37.3% to …

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Red Alert…500.com enters six straight quarters with 0 revenues!

New York-listed Chinese sports lottery operator 500.com, has reported its sixth straight quarter with no corporate revenues, as concerns continue to mount regarding the firm’s future. 500.com is still under ‘temporary’ suspension of its lottery services  issued by the Chinese Ministry of Finance, who in April 2015 placed a ban on all lottery transactions via online or third party networks. …

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Tempobet becomes an official partner for Manchester City FC

Tempobet has signed a deal to become Official Regional Betting Partner for Manchester City FC in the Asia-Pacific region. The online sportsbook will be able to use the Manchester City crest on its website, and be afforded access to a number of key players for a forthcoming television commercial and photo-shoot. Mark Clayton, Tempobet Managing Director, said: “We’re very excited about …

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Betway – 500/1 Japan Rugby Sevens set to inflict painful Olympic payout

Betway are on red alert with pre-tournament 500/1 rank outsiders Japan within touching distance of an Olympic medal in the rugby sevens. Still feeling the pain from paying out mammoth odds on Premier League champions Leicester City in May, the bookmaker  is reporting another potentially devastating blow less than three months later. Betway soaked up a sprinkling of bets on the …

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BOS Speaker Profile – Valery Bollier – Oulala – Making fantasy moves

Valery Bollier is the CEO of Oulala, a company that is fast making tracks in DFS and has recently announced a move into India and Australasia via a deal with Cardinal House Group.  Valery is speaking on a panel at Betting on Sports 2016 (September 15-16) on the topic of how DFS operators and bookmakers can work together for mutual …

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Bodog becomes Official Asian Betting Partner for Aston Villa

Aston Villa Football Club has announced that Bodog will join its roster of partners for the 2016/17 season. Bodog is currently not granted marketing rights outside of Asia, but they will become the exclusive Official Asian Betting Partner for the Championship club. Bodog is the latest addition to the list of betting partners at the Birmingham based club. Just last …

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Super Soccer Oddsfeed Ltd & Abelson Info’s GPS System adds Chinese Super League to its repertoire

Sky Sports’ acquisition of the Chinese Super League’s (CSL) UK TV rights has seen immediate demand, from subscribers, for coverage via the Goalscorer Prices & Settlement (GPS) feed.  The CSL has made waves this year with a huge push toward attracting top European talent via its, seemingly, limitless pockets. The likes of Alex Teixeira, Jackson Martinez and Ramires have made …

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Caesars Entertainment offloads Playtika to Chinese consortium for $4 billion

Embattled Caesars Entertainment Corporation (CEC) has agreed to sell its mobile and social gaming asset Playtika Studios to a multi-party Chinese consortium led by  Shi Yuzhu (Founder of Giant Interactive Group) in a $4.4 billion all-cash deal. Updating the market on Sunday, CEC governance stated that it had entered a ‘definitive agreement’ for the sale of Playtika a core part …

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XIN Gaming acquires Tain and Betting Promotion

Games and systems developer in the Asian gaming sector, XIN Gaming, has made two acquisitions this week. These are in the form of Tain, the software and solutions provider, and Betting Promotion, the sportsbook supplier. The two Swedish companies merged in 2013 and will now be owned by XIN Gaming, which is already established as a leading content and platform supplier. Mathias Larsson, …

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Shi Yuzhu led consortium eyes Caesars Interactive acquisition

Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …

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