Tag Archives: china

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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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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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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Yggdrasil announces Legend of the White Snake Lady release

Yggdrasil has brought Chinese fairytale to life with the release of its latest slot title, Legend of the White Snake Lady. The winners of Slot Provider of the Year for 2016 at the EGR B2B Awards have based the new game on Chinese Mythology, with a ‘Win All Ways’ feature. This means it has no pay lines, and any combination …

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Baidu under investigation for promotion of betting websites

The Cyber Administration of China (CAC) regulator of digital services, is reported to be investigated Chinese media giant Baidu regarding the advertising of illegal gambling sites on its search engine listings. Chinese governmental concerns have arisen following numerous cases of illegal online gambling and betting operators being promoted on Baidu listings, breaching national gambling laws. Baidu, China’s largest search engine …

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Dafabet extends sponsorship deal with Sunderland AFC

Dafabet has announced that they have agreed a new deal to continue as Sunderland AFC’s main sponsor until at least 2019. The company first announced the partnership with Sunderland in the summer of 2015, and will become one of the longest serving principal partners in the club’s history. As part of the deal, Dafabet will undertake a number of match day, …

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Crown Resorts wins approval for Sydney Crown Casino

Work will soon begin on a new 71-story hotel and casino complex in Sydney, after Australian mogul James Packer won approval for the building from NSW’s Planning Assessment Commission (PAC). This was the final planning process hurdle for Packer, who won the rights to build the Crown Resorts complex after a bidding war with The Star Casino in 2012, and …

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Perform extends Chinese football content with Baidu partnership

China’s largest search engine Baidu, has formed an exclusive partnership with sports data and content provider Perform Group which will see the creation of football news and analysis portal Goal.Baidu. Offering live match feeds and football insights through Perform data subsidiary Opta, the partnership aims to become the leading Chinese-language football portal, with Perform governance stating the partnership is one …

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Hennie Blaauw: How Yggdrasil keeps pushing the boundaries on game design

Hennie Blaauw, Yggdrasil Gaming’s Creative Art Lead, discusses the process of creating a brand new title for the slot market and the freedom that the team has in the development. What’s the process for the design of a brand new game at Yggdrasil? How much input do you have? Does the design fit around the mathematics? Every game starts with the design …

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Genius Sports officially launches following merger

Genius Sports, a brand created from the merger of SportingPulse and Betgenius, has been officially launched into the sports and betting data sector. The company already employs more than 750 staff in 10 locations worldwide. SportingPulse, founded in 1999 in Melbourne, is well known for its sports administration, management software and basketball data collection. Since 2004 the company has worked …

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