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OHL raises stake in PokerStars’ €500-million Madrid project

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OHL Desarrollos, the leading construction company in Spain, has acquired a 32.5 per cent stake in the Centro Canalejas Madrid development project, raising the company’s stakes to 50 per cent. The remaining 50 per cent of the project is owned by the PokerStars founder Mark Scheinberg.

The complex will have hotel and residential areas as well as retail space and multiple food and beverage outlets. It is scheduled to open by the end of 2019. The project is located next to the Puerta del Sol square in Madrid and includes buildings formerly occupied by the Banco Santander.

In a Monday filing to Spain’s National Securities Market Commission (Comisión Nacional del Mercado de Valores), OHL said that it would pay €50 million for the 32.5 per cent stake in the development with an option for an additional €10-million payment in the event of gains if it sells its stake subsequently.

Excluding the newly added holding, OHL originally owned 17.5 per cent in the scheme. The acquisition marks Villar Mir’s official exit from the project and provides OHL with a 50 per cent stake, the other 50 per cent being owned by Mr. Scheinberg, who joined the project last February through his company Mohari Limited.

Development work commenced in 2014 and the complex is now expected to open doors in late 2019. It will feature a 200-room Four Seasons-operated hotel, which will mark the Canadian chain’s entry into the Spanish hospitality market, a residential area, which will, too, be operated by Four Seasons.

The property is expected to create 4800 direct and indirect jobs and has been touted as one aiming to bring revitalisation to the area and protect the historic and cultural heritage of the buildings it will include. In fact, the risks the project might pose to the integrity of the area have been one of the main reasons why it has been contested heavily by a number of heritage defense groups.

Mr. Scheinberg, who together with his father, Isai, founded PokerStars in the 2000s and then sold it to Canada’s Amaya for nearly $5 billion, entered the Centro Canalejas Madrid scheme in February 2017. The businessman, whose net worth is estimated at $4.8 billion (Forbes: Real Time Net Worth), paid €225 million for a 50 per cent stake in the endeavour. The deal marks his first foray into the Spanish real estate market, which seems to be gradually returning its mojo after the 2008 property bubble burst that saw property prices collapse overnight and shatter Spain’s economy like a massive earthquake.

 

Source: casinonewsdaily.com

Source: Latest News at European Gaming Media

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Ganapati to Launch Manny Pacquiao Slot Game in September

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Ganapati PLC is going to launch boxing legend Manny Pacquiao themed slot game in September. Proceeds from the game will go to the Manny Pacquiao Foundation, supporting children’s education in the Philippines.

The game’s focus on fighting represents the local communities’ fight for a brighter future, something that Pacquiao strives for in his role as a senator of the Philippines. Elected to the Philippine Senate in 2016, he was firmly established as a leading figure in politics.

“This opportunity is extremely exciting for us as it represents Ganapati’s considerable growth within the industry. We’re delighted to be involved in this project with the octuple champion Manny Pacquiao – a true global superstar. It is wonderful to know the extent to which Ganapati is now being recognised in the industry,” Juliet Adelstein, CEO of Ganapati Europe Holding and Ganapati Malta said.

“Manny Pacquiao has defeated countless powerful players in the past – no matter how strong his opponent, he always faces them head on and without fear. This mental strength of his can be seen not only in his role as a pro-boxer, but also as a politician and future leader of the Philippines. Manny Pacquiao is the most successful and respected athlete in Asia and an incredibly skilled and determined politician. It is an honour to be able to produce his official game,” Hayato Terai, CLO of Ganapati PLC and Ganapati Malta said.

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: Ganapati to Launch Manny Pacquiao Slot Game in September

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iMovo becomes First Premier Implementation Partner for Zendesk in EMEA

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iMovo Ltd, an acknowledged leader in Customer Experience Management (CEM), Business Intelligence (BI), Workforce Management (WFM) and Artificial Intelligence (AI), is pleased to announce that it has achieved Zendesk Premier Implementation Partner status, the first such partner in the EMEA region to do so.

Building on its previous Premier Solution Provider status and having achieved a 100% successful track record of numerous implementations of the Zendesk customer service solution, iMovo’s Customer Service Engagement consultants underwent additional study and certification leading to the Premier Implementation Partner status.

With expertise across many industries and business functions, combined with a team of certified consultants, iMovo has helped organisations improve their customer service operations, foster satisfied customers and build loyal relationships as well as create new efficiencies and generate value and cost savings.

Commenting on this achievement, Emmanuel Buttigieg, Zendesk Line Advisor at iMovo said “This new status has us extremely happy and we see this as a clear sign of the commitment the two companies are making towards bringing cutting edge customer service across multiple markets including the UK, France, Malta, Italy, Greece, Cyprus, and Spain. Customer experience management has been a key focus for iMovo since its inception in 2010 and, with more than 60 successful projects under our belt, our team has demonstrated our vision, culture, and passion for customer experience and service management. As Premier Implementation Partners we look forward to continue working closely with Zendesk across the EMEA region.”

For more information please visit www.imovo.com.mt or send an email to info@imovo.com.mt.

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: iMovo becomes First Premier Implementation Partner for Zendesk in EMEA

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Rush Street Launches Online Sports Bets and Casino Games on iOS Devices in Pennsylvania

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Rush Street Interactive has launched online sports bets and play casino games on iOS devices in Pennsylvania. Players are finally able to place online sports bets and play casino games on iOS devices, via Rush Street Interactive’s BetRivers.com and PlaySugarHouse.com sites.

The launch has been facilitated by GeoGuard Location Validator, a new app launched through a partnership between GeoComply, a geolocation specialist.

“As we launch our casino site today, we are excited to offer Apple users a way to enjoy the innovative experiences we offer by betting from their mobile devices in Pennsylvania. We’re pleased that players with Apple mobile devices will be able to use the mobile web to play with PlaySugarHouse.com,” Richard Schwartz, president of Rush Street Interactive said.

“We are thrilled to be able to offer loyal users with Apple devices, such as iPhones, a way to get online and begin playing on our award-winning platform,” Schwartz added.

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: Rush Street Launches Online Sports Bets and Casino Games on iOS Devices in Pennsylvania

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