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| South Korea rejects preliminary casino licenses for Caesars, Universal Posted: 21 Jun 2013 11:15 AM PDT
The Ministry of Culture, Sports and Tourism told Reuters on Friday that both requests for licenses were rejected. A ministry spokeswoman give no reason for the decision. South Korea is one of several Asian countries considering building casino resorts to lure high-spending tourists after Singapore’s success with two large properties that opened in 2010. Taiwan plans to allow casinos to set up shop on offshore islands and the Philippines is developing four large casino resorts. The Caesars-Lippo consortium and Universal had applied to build large integrated resorts in Incheon, an economic zone that the government hopes will attract tourism and investment. Caesars and Lippo announced in January that they were seeking government approval. The Caesars-Lippo consortium declined to comment on the reason its application was rejected but said it was “surprised and disappointed” and believed it had met the specific requirements. A local government official with knowledge of the matter said the decision reflected concerns about Caesars’ credit rating. The official declined to be named due to the sensitivity of the matter. Moody’s Investors Service Universal, controlled by billionaire founder Kazuo Okada, was not immediately available for comment. The FBI and the Philippine National Bureau of Investigation have been investigating $40 million in payments Universal made to a politically connected Manila consultant in 2010, on suspicion of bribery. Universal, which is developing a $2 billion casino resort on Manila Bay, has said it conducted its business in the Philippines lawfully and appointed a panel of experts in January to look into the payments. The panel issued a report on Friday saying its five-month investigation had found no evidence of bribery but acknowledging its lack of access to key players in the incident. The panel said that it intends to investigate further and that Universal needs to reform its governance structure. (Reporting by Jungyoun Park in Seoul and Farah Master in Hong Kong; Additional reporting by Nathan Layne in Tokyo; Editing by Edmund Klamann)
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| Novomatic with Best of Gaming Innovations in Peru Posted: 21 Jun 2013 03:39 AM PDT
The Dominator® will be presented with a range of NOVO LINE™ INTERACTIVE single games, connected to the card-animated four level mystery progressive Magic Joker Game-synchronized LED-effects, three 24" TFT screens, gripping graphics display and top sound all combine to create an unforgettable in-depth gaming experience and moreover the main door opens upwards on gas springs, providing safe and easy access for maintenance work plus the optimum space between machines in a bank. For sure the Dominator® will thrill the show visitors and decision makers in Lima! Further cabinets on show will be the Super-V+ Gaminator® III, the Novo Super-Vision™ and the NOVOSTAR® SL2 with a selection of multi-game mixes based on Novomatic's proprietary gaming platforms Coolfire™ II and NOVO LINE™ Interactive. For Coolfire™ II the product array will present Super-V+ Gaminator® and Premium-V+ Gaminator® multi-game mixes and for the server-based ready system NOVO LINE™ Interactive the new mixes 1-3. Astra's IllumiSign jackpot sign will be presented featuring the new dinosaur-themed four-level mystery progressive jackpot Ancient Giants™.
Eduardo Armebianchi, Sales Director Crown Gaming Peru: "The product presentation at the Peru Gaming show will feature all the latest international and best-selling Novomatic innovations. I am convinced that this comprehensive product range will further cement our leading position as a provider of top quality gaming equipment in the Peruvian market and I certainly look forward to welcoming our customers and partners from the entire region at our booth. We have great solutions and products to show to them." Austrian Gaming Industries GmbH (AGI) a 100-percent subsidiary of NOVOMATIC AG (www.novomatic.com) is an integrated global gaming company specializing in the design, development, manufacturing, distribution and sales of electronic gaming machines and advanced technology products. As Europe’s leading manufacturer AGI delivers one of the broadest product ranges in the industry. The NOVOMATIC Group is one of the biggest producers and operators of gaming technologies and one of the largest integrated gaming companies in the world. The group employs more than 19.000 staff worldwide (2,700 in Austria). Founded by entrepreneur Prof. Johann F. Graf, the group has locations in 43 countries and exports high-tech electronic gaming equipment to 80 countries. The group operates more than 215,000 gaming machines in its about 1,400 plus traditional and electronic casinos as well as via rental concepts. Part of the group is also Admiral Sportwetten GmbH, Austria’s leading sports betting operator with more than 200 outlets as well as the Vienna based online gaming specialist Greentube Internet Entertainment Solutions GmbH.
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