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Primorsky Krai The New Gambling Hub

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Primorsky Krai, which is located on the border of Russia with China, is calmly waiting for its chance to possibly become a gambling hub to rival Macau’s status. It is already a hub for both developers and gamblers. Several casinos have been built or are nearing completion, and the region is hoping to attract gamblers from Russia, China, Japan, and Korea.

Due to it’s good location, Primorsky Krai offers a much convenient trip than Macau does, which is at least eight hours away for those in northern China or Russia. Gamblers traveling to Primorsky Krai can expect a two- to three-hour trip from the minute they board an airline until dedicated limos whisk them to the casino. Primorsky Krai is bein located in the Primorye Integrated Entertainment Resort Zone, this being one out of five region’s where gambling is legal in Russia.

Tigre de Cristal
The first casino in the zone is Tigre de Cristal. Opened in late 2015 with Phase One of its operations completed, Phase Two is scheduled to open in 2022. The resort currently features a hotel, casino, and spa.

However, by the end of 2018, Tigre de Cristal will have two hotels — one four-star and one five-star luxury hotel for high rollers. In addition, the casino will have 1,300 slot machines, 110 gaming tables, and more than 125 VIP gaming tables for high rollers. A shopping mall, restaurants, additional nightclubs, and more spa space will be added. The total cost is estimated at $1 billion.

While Tigre de Cristal is the first casino in Primorsky Krai, it will be joined by as many as seven. The second casino in the area is currently in the planning and early building stages.

CJSC Shambala
CJSC Shambala was recently given the green light by the Russian government to begin construction of its nearly $150 million investment in the Primorsky Krai region. The new resort is expected to contain nearly 200,000 square feet of gaming and entertainment space.

Plans are to build a 270-room five-star hotel for high rollers, as well as a high-end gaming floor, with 500 slot machines and 50 gaming tables geared toward wealthy gamblers. Interestingly, the Shambala company owned a resort and casino in the Crimean Peninsula until it was closed after the Russian government took over the area in 2014.

At that time, each casino operating in the area was given $100 million for their losses, and the Russian government promised to consider awarding them a casino license in a new area if one became available. It is possible the granting of the license in Primorsky Krai is the fulfillment of that promise.

Naga
NagaCorp has become a major player in the region and has plans to build a casino of its own. First, the company has signed on to create a high-speed railway between Primorye and the northern Chinese city of Mudanjiang, which will allow gamblers to have quick access to the region’s casinos.

The railway is expected to cost the company $12 billion to build. In addition, the company is planning to build a casino in the area. Although plans at this time are still in the beginning stages, the company has projected to build a casino, again geared toward high rollers, that will rival the other casinos in the area either in the operating or planning phases. The company is also building a casino in Phnom Phen, Cambodia, as well. Its goal is to gain a large foothold in Asia.

With many casinos in the area in the planning stages, it is clear that Primorsky Krai is set to aggressively market itself as a gambling hub to rival the high-roller attractions of Macau.

 

Source: USAOnlineCasino


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eCOGRA To Provide Alternative Dispute Resolution Service To Malta Operators

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Players at over 1,000 online gambling sites able to submit disputes to eCOGRA

 

The Malta Gaming Authority (MGA) has authorised eCOGRA, the independent testing laboratory, to make available its Alternative Dispute Resolution (ADR) service to players at certain MGA licensed online gambling operators.

eCOGRA’s fast and impartial dispute resolution service has been available free of charge to players for over 15 years as part of the organisation’s self-regulation activities, and since 2015 eCOGRA has been approved by the UK Gambling Commission to provide its ADR service to remote gambling operators licensed in the British market.

To date, over 10,000 disputes have been handled by eCOGRA, involving leading operators such as 888, White Hat Gaming, bwin.party, Sportingbet, Unibet, 32Red, Bet-at-home, Casino Rewards, Betway, Gamesys, Skill On Net and Mr Green.

Tex Rees, a Clear ADR Accredited Civil and Commercial Mediator, is in charge of eCOGRA’s dispute resolution service, which includes an experienced team committed to resolving most disputes within a week.

“All Malta licensed operators are now required, in terms of the MGA Player Protection Directive 2018, to provide their players with access to an impartial third party dispute resolution service. Since many of our multi-jurisdictional clients are licensed by the MGA, we’ve made available our ADR service to these operators. We know, from their perspective, how important it is that they can come to us for a full suite of compliance services”, Rees said.

Players can currently access eCOGRA’s dispute resolution services at 1,159 online gambling sites listed on www.ecogra.org.

 

ABOUT eCOGRA:
Founded fifteen years ago to establish and improve operational standards and player safety requirements in the online gambling space, eCOGRA has amassed a wealth of experience in implementing international best practice standards and requirements, and ensuring these are maintained through regular review and monitoring.
eCOGRA acts as a regulatory audit partner to over 100 multi-jurisdictional operators, software providers and other relevant service providers in the online gambling industry. The independent testing laboratory is staffed by a team of professional auditors with Big 4 auditing firm experience, information security experts, test engineers and responsible gambling specialists.
The company has been awarded the United Kingdom Accreditation Service (UKAS) ISO approval ISO/IEC 17025:2005 : General Requirements for the competence of testing and calibration laboratories for the United Kingdom, Sweden and Denmark, as well as ISO/IEC 17021-1:2015, which is a prerequisite for carrying out third-party ISO/IEC 27001 audits and accredited certifications of Information Security Management Systems (ISMS).


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Lucky Day Partners with the L.A. Clippers

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The app that loves winners awards one-of-a-kind gameday experiences to L.A. Clippers fans

 

Popular lifestyle app, Lucky Day, has joined forces with the L.A. Clippers in its first ever NBA team partnership. The collaboration between Lucky Day and the Clippers boasts an array of unique gameday experiences designed to provide Clippers fans a chance to add a little luck to their days.

Lucky Day offers its users the opportunity to play a set of daily scratchers, raffles, and lottery – 100% risk free. “We believe in giving everyone a chance to add a little luck to their day, and nothing makes us happier than to see the expressions on peoples’ faces when they win,” says Joshua Javaheri, CEO of Lucky Day. “We are thrilled to be a part of the Clippers family and look forward to the many winning moments that will occur throughout the season.”

Lucky Day and the L.A. Clippers share the common goal of creating an energetic, exceptional experience through a fan-first approach and a commitment to winning. “We are committed to giving Clippers fans the best experience possible every time they interact with our team, and especially when they attend our games,” said Scott Sonnenberg, Chief Global Partnerships Officer, L.A. Clippers. “This new partnership with Lucky Day will help us create memorable moments for Clippers fans at our games and extend the excitement to fans across Los Angeles.”

The partnership also includes gameday signage, digital and social media activations, hospitality elements and on-court fan promotions customized to engage fans.

 

ABOUT LUCKY DAY:
Lucky Day, number 1 app on the App Store and top 5 on Google Play, is a sweepstakes app allowing users to win money and prizes by conveniently playing a range of ad-sponsored scratchers, raffles, and lottery, daily. Lucky Day’s mission is to give everyone a chance to win up to $100,000 and have a lucky day, risk-free, because “we love winners”. Millions of dollars have been awarded with thousands of winners redeeming daily.

ABOUT L.A. CLIPPERS:
Led by Chairman Steve Ballmer, the L.A. Clippers in 2018-19 are competing in the franchise’s 49th season and 35th in Los Angeles. They recently extended a franchise record, completing their seventh consecutive winning season in 2017-18. The team has logged the NBA’s 5th-best record over the course of head coach Doc Rivers’ five-year tenure. The Clippers are committed to the city of Los Angeles and through the L.A. Clippers Foundation, provide resources and opportunities that make a positive difference toward leveling the playing field for youth in Southern California.

 

Source: Lucky Day


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Nomination Committee appointed for LeoVegas ahead of 2019 Annual General Meeting

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In accordance with the principles for appointment of the Nomination Committee of LeoVegas AB (publ) (“the Company” or “LeoVegas”) adopted by the Annual General Meeting on 29 May 2018, the Nomination Committee shall consist of five members appointed by the four largest shareholders as per 30 September 2018. The fifth member shall be the Chairman of the Board.

Based on the above, the Nomination Committee ahead of the 2019 Annual General Meeting has been determined to consist of the following persons, who together represent approximately 29% of the number of shares and votes in the Company as per 30 September 2018:

  • Joachim Spetz, representing Swedbank Robur Fonder
  • Anders Fast, Nomination Committee chair, representing Gustaf Hagman
  • Dan-Alp Lindberg, representing Robin Ramm-Ericson
  • Erik Sjöström, representing Skandia Fonder
  • Mårten Forste, Chairman of the Board

The Nomination Committee’s recommendations will be presented in the Notice of the 2019 Annual General Meeting as well as on the Company’s website: www.leovegasgroup.com.

Shareholders who wish to submit proposals to the Nomination Committee may do so by email to ir@leovegas.com. In order for the Nomination Committee to be able to consider a proposal, it must submitted well in advance of the Annual General Meeting, but by 1 March 2019 at the latest.

LeoVegas’ Annual General Meeting will be held in Stockholm on 29 May 2019.

 

About the LeoVegas mobile gaming group:
LeoVegas’ passion is “Leading the way into the mobile future”. LeoVegas is Sweden’s premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. A large part of this success can be credited to an extreme product and technology focus coupled with effective and data-driven marketing. Technology development is conducted in Sweden, while operations are based in Malta. LeoVegas offers casino, live casino and sports betting, and operates two global and scalable brands – LeoVegas and Royal Panda – as well as a number of local brands in the UK. The Company’s shares are listed on Nasdaq Stockholm.


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