Casino Developers Will Have to be Patient on Japanese Regulation, Says Analyst

Global casino operators are bending over backwards to get a piece of the future Japanese casino industry, but they may have to wait just a little bit longer.

Union Gaming Analyst Grant Govertsen believes Japan is unlikely to develop a framework of regulation for casino gaming until the fall and it will likely be an ‘October or November’ event.

The Japanese Diet passed its Integrated Resorts Promotion Bill in December, after years of mulling the issue, paving the way for the opening up of a market with the potential to become the second biggest in the world, after Macau. But Japan has not regulated casino gaming, not yet, at least.

The Integrated Resorts Bill was an enabler, giving the Diet a 12-month deadline to prepare a framework of regulation, which will lay down licensing requirements and measures to protect problem gamblers from using casinos.

No Movement in Spring

With the Diet’s ordinary session getting underway nice and early, on January 20, it was hoped that process would begin soon, but not so fast, says Union Gaming Analyst Grant Govertsen. There is unlikely to be any movement on regulation during the spring session, he said in a note this week.

‘Rather, we think the Diet has already made the decision to handle the IR bill during the fall special session, suggesting that it is more likely going to be an October or November event,’ Govertsen said.

Prime Minister Shinzo Abe’s ruling Liberal Dem Weiterlesen

Fantasy Aces Files for Bankruptcy, Can’t Pay Players

Fantasy Aces’ situation generally seems to be alarming for its customers that are unable to withdraw their funds. If the stricken company has co-mingled customers’ funds with operating costs, then the states which have regulated DFS have a duty to prosecute.

Day-to-day fantasy sports (DFS) operator Fantasy Aces filed for bankruptcy this week after a rescue that is last-ditch by competitor Fantasy Draft fell through.

Alarmingly for players, it appears from the bankruptcy filing that the company is unable to pay more than $1 million of players’ funds, and so it has co-mingled customer money with its working expenses.

‘The Fantasy Aces team truly regrets to announce that we are not able to sustain our web site and company operations effective January 31st 2017, filing for protection under Chapter 7 bankruptcy law,’ the organization told its clients on Wednesday.

‘After spending over a year trying to secure long-term money, including recent negotiations with two notable businesses which subsequently neglected to close, we’re left having an unresolvable burden that is financial. We have unfortunately exhausted every feasible financial option with no success,’ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections and also the significance of operators to segregate player funds was a major driving force behind states using steps to regulate the DFS industry this past Weiterlesen

Silver Heritage Free Offline Pokies Download Group to provide Tiger Palace Casino Budget a A$18 Million Boost

Into the e-mail, William Hill’s governance stated it values the co-operation and contributions to both its players that are polish affiliates and online pokies free spins went on to show self- confidence that it should be able to provide its range of products in the country later on if you can find any favorable alterations in gambling regulations. Silver Heritage Group to provide Tiger Palace Casino Budget australian pokies online free a A$18 Million Boost

Australian gambling operator Silver Heritage announced its plans to raise the cover the construction of its dollar that is multi-million Tiger Resort Bhairahawa in Nepal. The predictions regarding the Group are that the middle-class consumption in Asia alone will achieve US$18 trillion by the 12 months of 2030. The Silver Heritage Group had originally put aside the sum of the A$53 million for the Tiger Palace Resort in Nepal. The statement of William Hill and bet365’s exodus from Poland was preceded by activities gambling provider EnergyBet announcing its exit from the Polish market the 2009 Tuesday.

William Hill affiliates, having said that, have to pull all advertising materials off of the operators from their sites. Because it are going to be located close to the edge with Asia, the resort is expected to profit from the demand in this nation where gambling free pokies games download full version is currently unlawful. Because of this, a brand new group of seasoned executives from Asia has been appointed. The operator asked for suspension system of its shares from trading, at the least until further quality might be provided. The two operators informed customers that are polish affiliates on the decision via emails.

All of these factors impacted the Silver Heritage Group’s ability to move funding that is additional Nepal. In a similar fashion, bet365 recommended its clients to cash away all availa Weiterlesen