Tag Archives: South Korea

South Korea eSports in shock following match fixing arrests

It has been revealed that a special investigation unit in South Korea has identified twelve people that are suspected of being heavily involved in a match-fixing ring within popular eSports title Starcraft 2.    The official prosecutor’s report, which was translated and made available on Starcraft community site Team Liquid, nine suspects have been both indicted and arrested. These include …

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Red Alert – Devalued ¥uan threatens whole Asian gambling sector

Last week’s unexpected devaluing of the Yuan by the People’s Bank of China’ will likely have negative impacts throughout Asia’s casino and leisure industry, according to numerous Asian business analysts. Aimed at stabilising the national economy and maintaining growth and employment rates, the devaluing of the Yuan is thought to represent China’s largest depreciation its ¥. currency for twenty years …

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Derivative asset declines & XE impacts see Genting Singapore hit the red

Exchange rate impacts combined with a decline in derivative asset values have swung Getting Singapore into the red, as the Asian gambling operator declared combined losses of SGD $16.9 million (£7.7 million) for its Q2 2015 performance (period ending 30 June). Ahead of its performance update, Genting governance had issued a profit warning to the Singapore stock exchange. Genting would …

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