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Cryptologic could benefit from its investment in MT

Cryptologic's investment in online mahjong gaming software company Mahjong Time could bring some solid rewards following an agreement signed this week between the mahjong software provider and its second licensee, the Chinese online entertainment provider Ai Media.
 
In terms of the agreement Mahjong Time will soft launch an online Ai Mahjong operation at the end of this (September) month. The site will offer tournament style four player mahjong specifically designed for the Chinese marketplace.
 
Ai Media spokesmen said that the company and its strategic partner have an important strategic advantage - it offers its own payment solution via a proprietary 'smart card'. Several major banks in China, including Industrial and Commercial Bank of China, China Construction Bank and China Merchants Bank, accept the card, which is used by over 11 million people and is currently attracting approximately 20 000 new daily subscribers.
 
Ai Media publishes and operates games from overseas game developers in China, and distributes those games to more than 50 percent of the Internet cafes in China. The company and its partners have nationwide access to the Chinese market and hold all the necessary licenses required for legal games operation in China. Ai Media has nationwide marketing/sales , customer support, and dedicated data centres in all major Chinese cities and is licensing Mahjong Time software for use as the game platform and engine for an Ai Mahjong brand.
 
"Ai Media has been investing in the China online entertainment space for many years," said Olivia Hollaus, Director of Ai Media Group. "We have to be extremely careful in selecting the best games for the largest and most competitive market in the world. It is extremely expensive to market and launch a successful game and it takes years to capture and build a loyal customer base. That is why we have partnered with Mahjong Time, a proven company that provided us with a secure mahjong game that will appeal to the massive Chinese marketplace, "
 
William Sutjiadi, CEO of Mahjong Time said: "Our unique partnership with Ai Media demonstrates Mahjong Time's commitment to working with companies who offer value and vision, and to delivering the best software solutions to our customers. Our in-browser mahjong game offers Ai Mahjong players a secure and customizable destination to fully enjoy the most popular game in the world."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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