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US tribal company Mohegan to discuss Inspire project with South Korean government

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US tribal company Mohegan to discuss Inspire project with South Korean governmentReading Time: 1 minute

South Korean officials will meet the tribal company’s representatives to discuss its casino project in the country.

US tribal company Mohegan Gaming and Entertainment will meet with officials from the Ministry of Culture, Sports and Tourism (MCST) to discuss its casino project. Later in August, representatives will exchange with the local government how they will conduct its venture next to Incheon International Airport.

The company is known as Mohegan Sun and based in the state of Connecticut, in the United States. The U.S. regional tribal casino operator is building an integrated resort, to be called Inspire (pictured in an artist’s rendering), next to Incheon International Airport, spending US$1.6 billion on the first phase, which is due to open in 2021.

“The most important next step – as it relates to the Inspire development – is a meeting that we’ll be having with the MCST in late August and into early September,” CFO Drew Kelly said on a conference call with investment analysts where they discussed the project which is due to open in 2021 and will get a US$1.6 billion investment in the first phase.
“We are preparing a set of information for them, which we believe will be well received and will otherwise speak to the unique aspect of this truly integrated resort and how it will be a dominant property in the market,” he stated and added: “As a product of that, we’ll be providing an update on the financing structure.”

The venue is set to include three hotels with over 1,000 rooms, more than 11,000 square metres of event space, a 15,000-seat indoor entertainment area, several amenities and a casino floor 25,000 square-metres large, which will have 180 gaming tables and 700 slot machines.

 

Source: focusgn.com

Source: Latest News at European Gaming Media

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Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

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New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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New York State Lottery Reports Record Revenues for the 2018 Fiscal YearReading Time: 1 minute

 

The New York Lottery has recorded $8.2 billion in sales for the state fiscal year that ended in March 31, 2019. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state’s licensed video lottery locations.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators. The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery. The New York Lottery generated $3.47 billion in aid designated to support the state’s schools.

The lottery revenues are distributed to school districts according to the same formula used for state aid. A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13% of all state aid to education for 2018-2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New York State Lottery Reports Record Revenues for the 2018 Fiscal Year

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Spillemyndigheden Introduces Whistleblower Scheme

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Spillemyndigheden, the Danish industry regulator, has launched a new whistleblower scheme for the employees of gambling operators who wish to report evidence of money laundering.

Spillemyndigheden has detailed that employees can report a company’s violation or potential violation of the anti-money laundering legislation to the regulator via a dedicated, anonymous contact form which will then trigger a legal investigation. All submissions will be encrypted to ensure that submissions are secure.

In April, Spillemyndigheden has blocked access to 25 gambling websites after petitioning the country’s telecommunications providers. Danish internet providers have now been obliged to block access to ten igaming sites, in addition to 15 skin betting websites.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spillemyndigheden Introduces Whistleblower Scheme

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