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ASIANLOGIC ON THE MOVE AGAIN

According to Philippines Stock Exchange disclosures this week, the dynamic Playtech associate and London-listed Asianlogic group is active in the region, signing a new joint venture deal with the Philippines gaming company Leisure and Resorts World Corp. (LRWC).
 
The agreement with Asianlogic will lead to the formation of a local company to be engaged in a land-based sportsbook operation, in which LRWC will acquire a stake by issuing 342.86 million new shares at P3.50 each over six semi-annual periods as payment.
 
The issue of LRWC shares will be subject to the joint venture’s attaining projected net income targets over the six periods, and the deal will be submitted to shareholders in September for approval.
 
LRWC president Alfredo Benitez said that the deal would involve the company in gaming in the region and represents a 41-percent premium over LRWC’s last traded price of P2.48 a share.
 
“This [Asianlogic] group has a presence in Macau, China, and other countries in the region," said LRWC investor relations chief Alfredo Reyes. "We are interested in this partnership and it will open up markets for the company and opportunities in the gaming industry."
 
Asianlogic is listed on the London Alternative Investment Market and is an active participant in the online and land-based gaming industry with a particular focus on the Asia-Pacific markets. The firm operates land-based sportsbetting outlets in the Philippines under its “MegaSportsWorld” brand.
 
LRWC owns bingo operator AB Leisure Exponent Inc. and the Internet gaming firm First Cagayan Leisure and Resort Corp.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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