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NEWSLETTER | AUG 24 2020
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NEWS OF THE DAY

Genting HK chair puts up entire stake to keep company afloat

Genting Hong Kong had leveraged itself pretty thin as it looked to build a fleet of highly advanced casino cruise ships capable of operating in different bodies of water. It spent the past couple of years investing heavily in its seagoing operations, expecting to launch one after another over the course of a few years. The coronavirus had different plans, though, and forced the company to keep its floating casinos docked. This has already led to major shortfalls in revenue and Genting HK has been scrambling everywhere possible to try to limit the financial damage. Things are apparently getting more desperate, and its chairman, Lim Lok Thay, is making a play he hopes will never have to be called in. He’s putting almost his entire company stake on the line.

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FROM OUR FRIENDS AT COINGEEK

Jimmy Nguyen joins Future of FinTech panel on ‘future of payments’

Bitcoin Association Founding President Jimmy Nguyen took the virtual stage at The Future of FinTech Digital Conference on August 20, where he—along with other speakers—discussed “the future of payments”.

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DAILY ROUNDUP

BUSINESS

UK gaming council gives itself a pat on the back for gambling ad ban

POKER

WSOP Gold: Hesp bows out as Blumstein bullies with the rockets

CASINO

Las Vegas Sands given reprieve in
$12-billion lawsuit

SPORTS

The NFL has a COVID-19 problem as teams forced to cancel practice

 

PRESS RELEASE

Vivo Gaming teams up with Leap Gaming

Vivo Gaming has signed a content distribution agreement with Leap Gaming, a top gaming provider! Leap games are MGA licensed and offer a top-notch gaming experience providing amazing visuals available on any device. Vivo Gaming is happy to add Leap Gaming to its third-party game’s portfolio. The wide range of games offered by Leap includes Virtual Sports, Table Games, and Slots, catching the player’s attention with high volatility, shifting wilds, wild multipliers, expanding wilds, free spins, and other in-game bonuses.

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