Friday, June 18, 2021

Zitro introduces Dragon Lamp to Philippines

Zitro has introduced its Dragon Lamp video bingo product to the Philippines. Zitro said the success of Dragon Lamp began in Mexico and Spain and is gradually spreading to other countries around the world.
IGT Logo

IGT Q1 revenue rises 25%, fuelled by lottery

International Game Technology said it had among the best quarterly results in its history in the three months to end March, fuelled mainly by growth in global lottery.

AGTech Q1 revenue rose 51.3%

AGTech Holdings said Q1 revenue jumped 51.3 percent as its lottery business in China recovered from the Covid pandemic.

AGTech 2020 revenue falls 7.7%, games outperform

AGTech Holdings said its 2020 revenue dropped 7.7 percent, mainly due to a fall in the sales of lottery hardware, games and systems. However, its loss narrowed and its games and entertainment business performed strongly.

China LotSynergy seeks as much as HK$220.7m through share sale

China Ecotourism Group, formerly known as China LotSynergy is seeking to raise as much as HK$220.7 million through an offer of shares to existing investors to raise capital for the group, whose lottery business has been hit hard by the Covid crisis.

500 .com completes acquisition of Loto Interactive

500.com, which has been transforming from a Chinese online lottery company into a cryptocurrency mining enterprise, says it has completed the acquisition of a stake in Loto Interactive for HK$105 million ($13.5 million).
tabcorp

Tabcorp halts CEO search, announces strategic review

Tabcorp says it’s taking time to carry out a strategic review of its businesses to extract more value for shareholders after receiving unsolicited bids for its wagering and media business, which it says were too low.

Tabcorp rejects offers for media business as too low

Tabcorp Holdings said it views the unsolicited approaches for its wagering and media business are too low. The proposals, including an offer from the U.K.'s Entain, were for $3 billion.

AGTech 2020 revenue down 7.7% but loss narrows

AGTech Holdings said its operating loss narrowed by 32.7 percent in 2020, even though revenue dropped by about 7.7 percent to HK$161.6 million. 

500 .com moving headquarters from Shenzhen to Singapore

500 .com, the troubled sports lottery company that is transforming into a bitcoin firm, announced its decision to relocate its headquarters from Shenzhen to Singapore.

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U.S. gaming revenue fell 31 percent in 2020

The covid-19 pandemic caused a 31 percent drop in gaming revenue across the top twenty casino markets in the U.S. according to a survey conducted by the American Gaming Association. 
Lynn McCreary

Sportradar Appoints Lynn S. McCreary as Chief Legal Officer

Sportradar, a leading global provider of sports betting and sports entertainment products and services, announced the appointment of Lynn S. McCreary as Chief Legal Officer. 

Regulators barely have a seat at the table [video]

Asia Gaming Brief asia editor Felix Ng catches up with former gaming regulator Paul Newson, Principal at Senet Advisory about how the pandemic, and recent royal commissions have sparked change in the approach to gaming regulation in Australia.
RWLV Genting

RWLV going cashless sets benchmark for wider industry

Resorts World Las Vegas’ new casino floor, which opens on June 24, is set to feature cashless gaming and smart tables using RFID chips.