Boston Link Announces Joint Venture with Unirec

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The Philippine Amusement and Gaming Corporation (PAGCOR) today said its total income for the first quarter of 2024 has reached Php25.24 billion, a 42.57% increase compared with the same period last year.

The three-month earnings put the state gaming firm on track to reach the Php100 billion annual income for the year, which would be a first in the 40-year history of the state gaming firm, according to PAGCOR Chairman and CEO Alejandro H. Tengco.

“We are happy to announce that PAGCOR is able to sustain our growth trajectory in the first quarter of 2024 and this should help position us into achieving another record breaking year,” Mr. Tengco said.

PAGCOR’s net operating income after expenses during the quarter stands at Php18.99 billion, which is 54.22% higher than the January-March 2023 figure of Php12.32 billion.

Gaming operations accounted for the bulk of Q1 revenues with Php22.29 billion. Of this amount, 43.46% or Php9.69 billion came from the E-Games sector (eBingo, eGames and Bingo grantees) while licensed casinos (integrated resorts) brought in Php8.04 billion (36.06%).

However, revenues from PAGCOR-run casinos under the Casino Filipino brand continued to slide, earning Php3.7 billion or 16.62% of the 1st quarter total. This is down from the 20.68% share it contributed to PAGCOR’s revenues in 2023.

Offshore gaming operations for its part contributed Php860.89 million or 3.86% of the 2024 1st quarter total gaming income.

“As we said earlier, the E-games sector will be our major source of gaming revenues this year and in the next few years as innovation and technological integration allows the sector to offer more excitement and convenience to gamers,” Mr. Tengco said.

“Our robust earnings also bode well for the government’s various socio-civic programs including funding for the Universal Healthcare Program which provides health insurance to millions of poor Filipinos through Philhealth,” he added.

Of the agency’s nearly Php19 billion net income in the first quarter of 2024, Php15.56 billion will go to its Contributions to Nation-Building. This includes the 5% franchise tax; 50% government share; shares for LGUs hosting PAGCOR casinos; other socio-civic projects; 5% share of the Philippine Sports Commission; funding for the Sports Incentives and Benefits Act; and 1% share of the Board of Claims to compensate persons who are wrongfully convicted.

PAGCOR’s previous earnings record was established in 2019 before the pandemic outbreak. In the first quarter of that year, total income was at Php19.49 billion, a number easily surpassed by this year’s first quarter earnings by nearly 30%

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An exciting start to a new cooperation.

As is well known, Merkur Dosniha introduced electronic roulette wheels to the Spanish market more than two decades ago, and since then, it has been the main distributor of this product on Spanish territory. In a recent step, it has joined forces with a new partner, Spintec, to continue its trajectory in the Spanish market. A beneficial agreement with an emphasis on collaboration and joint development of new products.

Spintec is among the best roulette manufacturers in the world. They have been present in Spain for more than 11 years and have been a trusted partner of Merkur Gaming since 2018. Their products are present in more than 500 casinos on six continents, including most of the most demanding international markets. Their greatest strengths are their flexibility, expertise and exceptional commitment to their customers.

The cooperation has already resulted in an exciting new patented product that has been developed by the research and development teams of both companies fully involved and working side by side, using their well-versed expertise and, above all, with the unbridled enthusiasm for a new creation. The result of this joint effort is called Spectra: an exciting new product that incorporates features and functionalities which place it in a class of its own.

Carlos Chacón, CEO of Merkur Dosniha, comments: ‘In a way, Spectra is the natural response to applying our experience and knowledge in a field we have mastered. We are very happy to have chosen a perfect partner to help us implement it. We have a long track record ahead of us, which makes me even more confident that similar success stories and lasting stability will follow in the years to come’.

Goran Sovilj, Spintec’s Global Sales Director, agrees: ‘Spintec has been present in Spain for more than a decade and now it’s time to enhance our presence. With Merkur Dosniha we have chosen a partner with a proven track record and superior market knowledge, which makes it much easier for us to perform well.Spectra is the first proof of our compatibility and a guaranteed success in the market, but it definitely won’t be the last.“

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Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, is thrilled to announce its largest Mystery Drop™ Network Promotion, with a larger-than-ever prize pool.

Running from 29^th April to 29^th September 2024, this monumental promotion offers an astounding €4,000,000 in total wins across Q2 and Q3.

The Mystery Drop™ Network Promotion showcases the provider’s commitment to delivering unparalleled experiences and rewards for players worldwide. Leveraging the highly acclaimed Mystery Drop™ promotional tool, which has been the driving force behind numerous successful campaigns, this promotion is set to captivate players and elevate engagement to new heights.

All Wazdan titles will participate in the promotion, with a special emphasis on the immensely popular Coins™ series. This collection of games has not only become a player-favourite but also consistently ranks among the provider’s top-performing offerings.

The Mystery Drop™ tool seamlessly integrates with Wazdan’s cutting-edge games, enabling operators to create bespoke promotions that align with its unique brand and player base. By offering such a substantial gain pool and extended promotional period, Wazdan aims to strengthen its partnerships with operators while providing players with even more chances to win big.

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “We are incredibly excited to launch our biggest Mystery Drop™ Network Promotion to date. With a staggering €4,000,000 up for grabs, this promotion exemplifies our dedication to crafting unforgettable experiences for players.

“By harnessing the power of our Mystery Drop™ tool and showcasing our immensely popular Coins™ series, we are confident that this promotion will be a resounding success. We look forward to collaborating with our valued partners to bring this thrilling opportunity to players across the globe.”