Asia
Caesars and Mohegan Face Delays in Korean IR Projects
Caesars Entertainment Corp and Mohegan Gaming & Entertainment are facing significant delays in their Korean integrated resort projects due to the financing concerns caused by the COVID-19 pandemic.
According to South Korean news outlets, Caesars Korea – part of the expansive project called Midan City in Yeongjong Island – and Mohegan’s Inspire are having trouble securing the final capital needed to complete their projects.
The future of Caesars Korea has been in some doubt over the past year following the merger between Caesars Entertainment Corp and Eldorado Resorts, with Eldorado CEO Tom Reeg – now CEO of the merged Caesars entity – stating in June 2019 that the company’s international expansion opportunity would “have to be stupendous for us to be running in that direction.”
The company subsequently stated in August 2019 that it was capping the amount of additional cash it was willing to directly invest into Caesars Korea at US$60 million – having already contributed US$80 million to the US$700 million project – with the remainder to be provided by outside financing. However, the company has spoken little publicly about its Korea project since the US$17.3 billion merger with Eldorado was completed in June of this year.
Mohegan Gaming CEO Mario Kontomerkos stated as recently as July that his company’s Inspire Korea project remained on track for a 2022 launch, adding that Mohegan remained fully committed to its international expansion efforts.
“The pandemic has shown us that diversification into the international arena is important for our ability to stand for those generations, and so the project in South Korea, called Inspire, remains on track for launch in 2022,” he said.
Speaking at the 2nd International Conference on Responsible Gambling and Addiction in Quezon City, Mr. Tengco emphasized the need for a whole-of-society approach to curb the ill effects of problem gambling, including financial ruin.
“As regulators, policymakers, industry operators, healthcare professionals, and academicians, we must not only share knowledge but also act as partners in understanding, preventing, and reducing the threats posed by problem gambling,” Chairman Tengco told the conference attendees.
He said the event’s theme, “Empowering Pathways: Problem Gambling and Gaming Prevention, Treatment, and Recovery”, aligns with PAGCOR’s initiatives to promote responsible gaming.
Mr. Tengco reiterated PAGCOR’s commitment to mitigating gambling-related harm through key policies such as the automatic exclusion of minors, students, and active government employees from gaming venues.
He said that PAGCOR also has a Responsible Gaming Program that allows self- or family-initiated player exclusion; regulation of gaming advertisements; and partnerships with rehabilitation centers for affected individuals and families.
“Gaming has inherent social risks, but with the right safeguards and collaboration among all sectors, we can ensure the safety and well-being of our players,” Mr. Tengco said.
The post STRONG PARTNERSHIP NEEDED TO CURB GAMBLING ADDICTION: TENGCO appeared first on European Gaming Industry News.
Yurikov is a Peruvian-American competitor with over a decade of experience in the global fighting game circuit. Competing professionally since 2012, he first rose to prominence in titles like The King of Fighters and Guilty Gear Strive, and has since made a successful transition into Fatal Fury, carrying with him a legacy of consistency, adaptability, and competitive drive.
He has played over 400 matches and his tournament victories span multiple fighting games, including Summer Jam 2023, South Louisiana Major 2023, and Heat Wave 2022 – Northeast Championship 22. Now under the S8UL banner, Yurikov will represent India’s top esports organisation at the Esports World Cup 2025 in Riyadh, as well as other international fighting game tournaments throughout the year.
“From solo queues to the big leagues. Joining S8UL is a whole new chapter. I’ve always moved with purpose- now it’s time to do it with a team that shares the vision. Let’s make history,” stated Marcoantonio “Yurikov” Malpica.
S8UL’s move into Fatal Fury follows a series of high-impact signings across multiple titles including Apex Legends, Call of Duty (COD) Warzone, Chess, EAFC25, Mobile Legends: Bang Bang (MLBB), Starcraft II and Tekken 8. While S8UL is already known for dominating the mobile esports and content space, this entry into Fatal Fury represents yet another step in its ambition to build a truly global, multi-genre esports legacy.
“Esports is evolving rapidly, and staying ahead means not just following trends, but setting them. At S8UL, we’ve always believed in backing talent that can lead across eras, not just tournaments.” said Animesh Agarwal, aka 8Bit Thug, Co-founder and CEO of S8UL. “Been watching Yurikov cook for a while — always knew he was built different. Welcome to the family, hermano.”
EWC 2025 will witness 16 of the world’s best Fatal Fury players battle it out for a share of the massive $1 million (approx. INR 8.5 crore) prize pool from July 10 to 12 in Riyadh, Saudi Arabia.
With this announcement, S8UL has now unveiled rosters across all eight titles that they will be competing in at EWC 2025. The lineups are as follows:
Apex Legends: Rick Wirth (Sharky), Benjamin Spaseski (Jesko) and Tom Canty (Legacy)
Call of Duty: Warzone: Colin Bowers-Wilson (Trikempathy), Braxton Trice (Braxtvn), and Ryder Skarzinski (Ryda)
Chess: Nihal Sarin and Aravindh Chithambaram
Fatal Fury: Marcoantonio Malpica (Yurikov)
Mobile Legends Bang Bang: Michael Cosgun (MobaZane), Ian Hohl (FwydChickn), Jang Seong-hun (Hoon), Ziameth-Jei Caluya (ZIA), Vo Trung (Shark), and Carlos Ortega Vega (Bestplayer1)
Starcraft II: Pyung Jae Koh (GuMiho)
Tekken 8: Arja Gamoori (Sephiblack) and Nino Schwarz (Nino)
The post S8UL steps into the Fatal Fury arena with the signing of fighting games veteran Yurikov appeared first on European Gaming Industry News.
International Game Technology PLC announced that it won the “Best Casino Supply” category in the 2025 G2E Asia Awards. In their 16th year, the G2E Asia Awards are evaluated by a panel of industry experts and recognize excellence and innovation in Asia’s gaming and entertainment industry.
“Winning the ‘Best Casino Supply’ category in the 2025 G2E Asia Awards was an extraordinary start to IGT’s showing at G2E Asia and a direct reflection of our ongoing commitment to delivering great games and systems to our customers across the Asia-Pacific region. IGT’s high-performing games such as Rising Rockets Link are helping operators diversify their gaming floors and offer popular game mechanics with a compelling presentation. I thank the many IGT employees around the world who contributed to this win and are helping fuel the Company’s momentum in Asia,” said Dallas Orchard, IGT Senior Vice President & Chief Operating Officer, Gaming APAC.
IGT’s Rising Rocket Link multi-level progressive (MLP) underpinned the Company’s win in the “Best Casino Supply” category. Rising Rockets Link has captivated players across Asia, quickly becoming IGT’s highest-performing game in the region. The game leverages a combination of proven mechanics and strong math and is presented on the globally deployed CrystalCurve49 and the PeakCurve49 cabinets.
The post IGT Wins “Best Casino Supply” Category at 2025 G2E Asia Awards appeared first on European Gaming Industry News.
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