Monthly Archives: May 2016

Resorts World Sentosa goes ‘smart,’ rolls out contactless payments for Chinese visitors

Chinese visitors at the Resorts World Sentosa (RWS) complex in Singapore can now opt to pay in a contactless fashion.

The integrated resort rolled out this week on-site smart payment terminals in more than 110 locations around Resorts World Sentosa. For this project, RWS collaborated with Ant Financial Services Group and appointed Alipay—China’s largest mobile payment provider—as its partner for contactless mobile payments of visitors from mainland China.

Alipay was also named the official partner of S.E.A. Aquarium and Resorts World Theatre as part of its partnership with Resorts World Sentosa.

The resort will extend its Alipay-enabled payments across its hotels, dining, retail and entertainment offerings, with plans to offer joint travel packages and promotions exclusively for Alipay users.

PAGCOR outperforms state-run firms, remits $189.24 M to PHL gov’t

The Philippine Amusement and Gaming Corp. (PAGCOR) has made the largest contribution among other Philippine government-owned and controlled corporations (GOCCs) after the state-run gaming firm remitted about P8.86 billion ($189.24 million) to the national coffers.

For the first time in its history, PAGCOR becomes the largest financial contributor to the national government, beating 54 other GOCCs. Outgoing PAGCOR president and chief operation officer Eugene Manalastas cited the gaming firm’s good corporate governance as the main factor why it continuously beat its targets and outperforms other GOCCs

“For the past four years, Pagcor has religiously remitted cash dividends to the national government.  From the P1 billion ($21.36 million) dividends remitted in 2012, our contributions continuously increased, enabling Pagcor to consistently make it to the GOCC elite circle or the Billionaires’ Club. These are the corporations that remit at least P1 billion ($21.36 million) to the government,” Manalastas said in a statement on Wednesday.

Manalastas reported that PAGCOR has given a total of P13.39 billion ($285.84 million) cash dividends to the government from 2012 to present. From July 2010 to December 2015, PAGCOR generated P221.18 billion ($4.7 billion) in total revenues. “PAGCOR has also increased contributions to nation-building reaching a staggering P119.09 billion ($2.54 billion),” Manalastas said.

PAGCOR outperforms state-run firms, remits $189.24 M to PHL gov’t

The Philippine Amusement and Gaming Corp. (PAGCOR) has made the largest contribution among other Philippine government-owned and controlled corporations (GOCCs) after the state-run gaming firm remitted about P8.86 billion ($189.24 million) to the national coffers.

For the first time in its history, PAGCOR becomes the largest financial contributor to the national government, beating 54 other GOCCs. Outgoing PAGCOR president and chief operation officer Eugene Manalastas cited the gaming firm’s good corporate governance as the main factor why it continuously beat its targets and outperforms other GOCCs

“For the past four years, Pagcor has religiously remitted cash dividends to the national government.  From the P1 billion ($21.36 million) dividends remitted in 2012, our contributions continuously increased, enabling Pagcor to consistently make it to the GOCC elite circle or the Billionaires’ Club. These are the corporations that remit at least P1 billion ($21.36 million) to the government,” Manalastas said in a statement on Wednesday.

Manalastas reported that PAGCOR has given a total of P13.39 billion ($285.84 million) cash dividends to the government from 2012 to present. From July 2010 to December 2015, PAGCOR generated P221.18 billion ($4.7 billion) in total revenues. “PAGCOR has also increased contributions to nation-building reaching a staggering P119.09 billion ($2.54 billion),” Manalastas said.

DFS law passage in the Big Apple draws opposition from New York Gaming Association

The passage of a daily fantasy sports (DFS) bill in New York has suffered a major setback after the New York Gaming Association (NYGA) has broken its silence to oppose plans of making the game legal in the Big Apple.

NYGA president James Featherstonhaugh said at the Crain‘s Business of Gaming forum on Tuesday that the association were “unanimous” in opposing the legalization of the DFS in New York, which was originally proposed by New York State Sen. John Bonacic.

Should DFS becomes legal in the Big Apple, Featherstonhaugh said New York-based casinos are demanding a piece of the market pie.

“Hopefully the fantasy sports people will recognize this will be very difficult to do unless it’s in cooperation with the existing industry,” Featherstonhaugh said. “That is what happened in the case of online poker, which was originally proposed as stand-alone and now is being done cooperatively.”

DFS law passage in the Big Apple draws opposition from New York Gaming Association

The passage of a daily fantasy sports (DFS) bill in New York has suffered a major setback after the New York Gaming Association (NYGA) has broken its silence to oppose plans of making the game legal in the Big Apple.

NYGA president James Featherstonhaugh said at the Crain‘s Business of Gaming forum on Tuesday that the association were “unanimous” in opposing the legalization of the DFS in New York, which was originally proposed by New York State Sen. John Bonacic.

Should DFS becomes legal in the Big Apple, Featherstonhaugh said New York-based casinos are demanding a piece of the market pie.

“Hopefully the fantasy sports people will recognize this will be very difficult to do unless it’s in cooperation with the existing industry,” Featherstonhaugh said. “That is what happened in the case of online poker, which was originally proposed as stand-alone and now is being done cooperatively.”

Developments in virtual currency merit a rethink of EU payments law, parliament members say

The European Commission (EC) may soon be rethinking its stance on virtual currency, if some members of the European Parliament (MEPs) have their way.

EC, the executive arm of the European Union, has been firm in its position that digital currencies shouldn’t be regulated just yet, stressing the need to focus more on monitoring cryptocurrencies to “understand better what is happening.”

But a new report on virtual currencies from the European Parliament’s Committee on Economic and Monetary Affairs could potentially prompt an overhaul of the existing European Union payments laws.

The report, which you can read entirely here, stated that virtual currencies and distributed ledger technology not only help bring down the cost of transactions and access to finance, but they also boost the flexibility and speed of payment systems.

Developments in virtual currency merit a rethink of EU payments law, parliament members say

The European Commission (EC) may soon be rethinking its stance on virtual currency, if some members of the European Parliament (MEPs) have their way.

EC, the executive arm of the European Union, has been firm in its position that digital currencies shouldn’t be regulated just yet, stressing the need to focus more on monitoring cryptocurrencies to “understand better what is happening.”

But a new report on virtual currencies from the European Parliament’s Committee on Economic and Monetary Affairs could potentially prompt an overhaul of the existing European Union payments laws.

The report, which you can read entirely here, stated that virtual currencies and distributed ledger technology not only help bring down the cost of transactions and access to finance, but they also boost the flexibility and speed of payment systems.

Bodog and Ayr United FC celebrate team’s promotion to Scottish Championship

Fresh off their promotion to the second tier of Scottish football, Ayr United FC are reminding their Scottish Championship rivals of what the team will look like when they meet on the pitch next season.

Ayr United earned elevation to the Scottish Championship earlier this month following a two-match playoff with rivals Stranraer that culminated in a penalty shootout. Defender Andy Graham scored the winning penalty that sent Ayr United back to the Championship for the first time since 2012.

The promotion will likely spark even greater sales of Ayr United replica shirts. In fact, it probably wouldn’t be a leap to suggest that the team’s shirts may have outsold all of their Scottish League One rivals last season. The team is also (probably) the only Scottish football outfit besides Celtic and Rangers that has developed any significant Asian fan base.

Calvin Ayre, the founder of the Bodog brand – Ayr United’s main sponsor for the past five years – acknowledged the widespread popularity of the team’s kit yet found it hard to put his finger on exactly why such a phenomenon should persist so far beyond Ayrshire.

Bodog and Ayr United FC celebrate team’s promotion to Scottish Championship

Fresh off their promotion to the second tier of Scottish football, Ayr United FC are reminding their Scottish Championship rivals of what the team will look like when they meet on the pitch next season.

Ayr United earned elevation to the Scottish Championship earlier this month following a two-match playoff with rivals Stranraer that culminated in a penalty shootout. Defender Andy Graham scored the winning penalty that sent Ayr United back to the Championship for the first time since 2012.

The promotion will likely spark even greater sales of Ayr United replica shirts. In fact, it probably wouldn’t be a leap to suggest that the team’s shirts may have outsold all of their Scottish League One rivals last season. The team is also (probably) the only Scottish football outfit besides Celtic and Rangers that has developed any significant Asian fan base.

Calvin Ayre, the founder of the Bodog brand – Ayr United’s main sponsor for the past five years – acknowledged the widespread popularity of the team’s kit yet found it hard to put his finger on exactly why such a phenomenon should persist so far beyond Ayrshire.

The WPT Launch an Online Training Site But Have They Covered All The Bases?

The World Poker Tour has launched a new online training site called LearnWPT and Lee Davy gives his initial impressions of the site, and offers a wider opinion on the online training market.

I recently asked some poker players at the top of their game whether they have lost more money through technical failures or emotional ones.

How do you think that answer trended?

I had known the answer before I asked. Technical skills are always going to be easier to master than emotional skills. It’s as obvious in poker as it is in life. And true to form that was the feedback I received. The very best poker players have lost more money due to emotional failings than technical ones.

The WPT Launch an Online Training Site But Have They Covered All The Bases?

The World Poker Tour has launched a new online training site called LearnWPT and Lee Davy gives his initial impressions of the site, and offers a wider opinion on the online training market.

I recently asked some poker players at the top of their game whether they have lost more money through technical failures or emotional ones.

How do you think that answer trended?

I had known the answer before I asked. Technical skills are always going to be easier to master than emotional skills. It’s as obvious in poker as it is in life. And true to form that was the feedback I received. The very best poker players have lost more money due to emotional failings than technical ones.