Asia
Macau-based companies emerge frontrunners for all-cash takeover of Caesars
A merger or sale looks imminent for American casino owner and operator Caesars Entertainment Corp, according to investor Carl Icahn, who is also a stakeholder of the company. If that happens, only three casino companies based in Macau will be able to manage an all-cash take-over, writes brokerage Sanford C. Bernstein Ltd.
In a recent note, Sanford C. Bernstein Ltd suggests that Wynn Resorts Ltd, MGM Resorts International, and Las Vegas Sands Corp are the only firms that have a realistic chance of all-cash takeover.
These firms have subsidiaries based in Macau: Wynn Macau Ltd, MGM China Holdings Ltd, and Sands China Ltd, respectively.
Sanford Bernstein analysts Vitaly Umansky, Kelsey Zhu, and Eunice Lee wrote that smaller U.S. based suitors, such as Eldorado Resorts Inc. and Penn National Gaming Inc., had no liquidity and lots of debt, and could do only a reverse merger for stock. “There could be cash funding created via asset sales (but a large portion of the Caesars Entertainment asset base has already been sold),” the note said.
Each of the three potential cash suitors for Caesars Entertainment – as defined by Sanford Bernstein – are looking to expand into Japan, where the first legal casinos will be opened in the next few years. On that basis, Sanford Bernstein said it did not think any of the trio were likely to go after Caesars Entertainment.
“With the Japan opportunity coming up (where we are talking about US$8-billion to US$10-billion-sized development projects) – we do not believe Las Vegas Sands, MGM Resorts or Wynn Resorts (who are also the more likely candidate to be able to be awarded a licence in Japan) would be interested in picking up Caesars (and not just for reasons tied to Japan) and gaining more exposure to the U.S. regional market and Las Vegas,” the report said.
Asia
1spin4win expands in LatAm and Asia with Betandreas collaboration
1spin4win, a fast-growing online slot provider, has formed a strategic partnership with an iGaming operator, Betandreas. Founded just two years ago, Betandreas has quickly become an influential name in the online gambling industry, providing sports betting and online casino experiences worldwide.
The platform has a growing number of active users and operates in various regions, from South America to Asia, making this collaboration a major step in 1spin4win’s efforts to expand in these markets.
Betandreas’ players can now enjoy the latest and most exciting games from 1spin4win. This includes themed games like Luck’n’Power and Sun Treasure, as well as fruity slots with the popular Hold and Win mechanic, such as Lucky Crown Hold and Win and Cash the Gold Hold and Win.
Tanya Pisarchuk, Sales Manager at 1spin4win, said: “We’re excited to partner with Betandreas and share our high-quality games, featuring robust mathematics and balanced gameplay, with more players in LatAm and Asia. This helps us expand our global presence and connect with new audiences worldwide.”
Sales Manager at Betandreas: “We are delighted with the successful integration of 1spin4win into our platform. This addition strengthens our dedication to providing our users with an exceptional gaming experience. We believe that adding new games will help us meet the demands of even the most discerning customers and provide them with unforgettable emotions and opportunities to win significant prizes. Thanks to our partnership with 1spin4win, our players can enjoy an even wider range of high-quality gaming options!”
Asia
PAGCOR WARNS PUBLIC AGAINST US-BASED ILLEGAL GAMING WEBSITE
The Philippine Amusement and Gaming Corporation (PAGCOR) reiterates its call to the public – both local and foreign nationals – to be extra vigilant when engaging in online gaming activities as illegal online gaming sites continue to proliferate.
The renewed call from the country’s gaming regulator came on the heels of news reports that a certain website — www.starspangled200.org – which was printed on close to 800,000 registered vehicle plates in Maryland, USA to promote the state’s history, was used by fraudsters as a link to an illegal gambling website allegedly operating in the Philippines.
According to PAGCOR Chairman and CEO Alejandro Tengco, the URL www.starspangled200.org printed on these Maryland plates which redirects to https://www.globeinternational.info/ has been used as an illegal gambling platform that not only violates players’ rights but also places the Philippines in a bad light.
“PAGCOR has nothing to do with the said websites, as well as the gaming activities happening therein. As the country’s gaming regulator, PAGCOR does not condone illegal online gambling. Engaging or betting on illegal gambling activities is not only a criminal act; it also takes away from the government billions of pesos in revenues which can be used to fund priority programs that will benefit a greater number of Filipinos. Hence, we have been continuously working with various government and law enforcement agencies to ensure that our gaming policies are in place and the online gaming platforms that we regulate are safe and credible,” he said.
“We have referred this matter to our Security and Monitoring Cluster for investigation. The website was also referred to the appropriate government agency for immediate action.” Tengco added.
Tengco strongly calls for gaming aficionados to only take part in its licensed online-based gaming platforms for a truly enjoyable and safe gaming experience.
The list of registered and legitimate websites can be found through this link: https://www.pagcor.ph/regulatory/index.php.
Asia
UltraPlay Expands Reach in Latin American and Southeast Asian Markets with Solisbet and Betador Deals
UltraPlay, a leading iGaming software provider and part of ODDS Group, recently announced two new partnerships with Solisbet and Betador. The move is set to strengthen their position in the Latin American and Southeast Asian markets, demonstrating their commitment to expanding their global reach.
Mario Ovcharov, CEO of UltraPlay, expressed his excitement about the partnership, saying, “The deal extends the company’s reach to new markets by onboarding new partners that will benefit from [our] bespoke and industry-proven white label solution.”
In addition to the two new partnerships, UltraPlay has also signed agreements with two new clients, launching their sports and eSports iFrame service with Global Odds and 8Storm. This will enable UltraPlay to expand its offerings and provide a more diverse range of products to its customers.
Moreover, UltraPlay has also introduced two new providers, Felix Gaming and Turbo Games, to its already extensive portfolio of games. Operators will now have access to popular games such as Crash X, Dice Twice, RollZone, and It’s a Joker, among many others.
“We’re always very happy to welcome new partners as they help us improve and expand our products and services. UltraPlay is continuously growing,” Ovcharov concluded. With these new partnerships and product offerings, UltraPlay is well-positioned to continue to expand its market share in the iGaming industry, providing exceptional services to its clients across the globe.
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