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Mercedes-Benz AG Officially Sponsors 2023 League of Legends World Championship Held in Korea

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Mercedes-Benz AG, as an official automotive partner of the globally renowned game “League of Legends,” is supporting the esports event, the “2023 League of Legends World Championship,” held in Seoul and Busan from October 10 to November 19. This year’s World Championship, where the League of Legends Esports elite will compete for the iconic Summoner’s Cup, is accompanied by Mercedes-Benz for the fourth consecutive year.

In Korea, the epicentre of the esports universe and where League of Legends achieved great success, esports has become a substantial part of Korean culture and industry. The combination of a tech-driven mindset with a passionate community and the pursuit of constant improvement not only led to Korea being a leading nation in Esports but also reflects the brand spirit of Mercedes-Benz.

Britta Seeger, Member of the Board of Management Mercedes-Benz Group AG, Marketing & Sales, said: “The dynamic and innovative mindset of the esports community aligns seamlessly with our brand’s dedication to push boundaries and our pioneering cutting-edge technology. Together with our partner Riot Games, we look forward to being a part of this culture and create a memorable experience for our fans worldwide.”

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Naz Aletaha, Global Head of League of Legends Esports, Riot Games, said: “Mercedes-Benz’s and Riot’s joint dedication to excellence and innovation, combined with Seoul’s tech-forward culture, creates a synergy that will enhance the Worlds 23 experience from every aspect.”

Mercedes-Benz Korea, which is sponsoring T1 since May this year, is planning diverse events for Korean fans in line with the 2023 League of Legends World Championship season.

From a sports perspective, expectations are high for T1, which includes Lee Sang-hyeok alias Faker, a superstar in the League of Legends e-sports world. T1, a three-time League of Legends World Champion, is aiming to secure their first League of Legends World Championship victory since 2016, by winning the title in their home country at this year’s World Championship.

‘Faker’ Lee Sang-hyeok, the leader of T1, said: “It is an honor to play in the Worlds here in my home country, the support of the fans and the whole Esports culture in Korea is unparalleled. It is amazing to see a global brand like Mercedes-Benz embrace the passion that defines our community.”

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India: Six People, Including Cops, Arrested After Ranchi Police Busts Illegal Gambling Den

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Six people, including cops, were arrested after the Ranchi Police busted an illegal gambling group in the Gonda area of Jharkhand’s capital.

In recent news, six people, including cops were arrested after the Ranchi Police busted an illegal gambling den in the Gonda area of Jharkhand’s capital. Acting on the received information, a police team raided the spot. Reportedly, a sum of five lakh rupees was seized from the accused.

BJP State President Babulal Marandi raised his concern over the incident, emphasising on the involvement of police personnel stationed at CM Hemant Soren’s residence in the gambling operation. Marandi suggested that there might be pressure on the police, leading to potential manipulation of the case.

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He even took to his official handle on X (formerly Twitter), to express his worries over the state’s leadership being involved in wrongdoings. He also questioned where the money earned from the gambling activities was going.

The station in-charge Ravi Thakur confirmed the arrests. A detailed investigation into the matter is underway. The illegal gambling activities were reportedly ongoing in the police like area for several days. Upon receiving the information about the illegal gambling den, Ranchi SSP formed the team who conducted the raid.

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Genting Berhad Reports Group Revenue of $1.57 Billion for Q3 2023

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Genting Berhad has posted its financial report for the third quarter of 2023, highlighting a 20.39% increase year-on-year in its group revenue to RM7.37bn ($1.57bn).

This improved performance in the group’s revenue was contributed mainly by the Leisure & Hospitality Division continuing to recover.

There was a significant increase in the group’s net profit from the previous year’s third quarter results, seeing them go up 177.16% to RM995m.

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EBITDA also saw an increase, going up from RM2.06bn in the third quarter of 2022 to RM2.73bn in the third quarter of 2023, representing an increase of nearly 33%.

Resorts World Sentosa continued to benefit from the sustained recovery of travel and tourism within the region, seeing both revenue and EBITDA increase, while Resorts World Genting recorded higher revenue this quarter due to a higher volume of business registered by its gaming and non-gaming segments; owing to the relaxation of border control as compared to Q3 2022.

Genting mentions that its financial performance for the rest of the 2023 financial year may be impacted by a number of factors, including the continuation of domestic demand employment growth; and the regional gaming market is expected to continue its recovery as airline capacity and air connectivity in the region improves.

The report also mentions that Resorts World Sentosa has collaborated with a local charity organisation called Food from the Heart to fund, to enable the distribution of fresh, locally sourced produce to 2400 underprivileged families across the island over the next three years.

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PAGCOR SCORES 99.46% IN GCG 2022 PERFORMANCE EVALUATION SYSTEM

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The Philippine Amusement and Gaming Corporation (PAGCOR) recently received formal recognition from the Governance Commission for GOCCs or GCG for achieving a score of 99.46% in its annual Performance Evaluation System (PES) for 2022.

The score is one of the highest in the history of PAGCOR and was achieved on the first year under the leadership of Chairman and CEO Alejandro H. Tengco, who was appointed by President Ferdinand Marcos Jr. in August 2022.

PAGCOR’s score in the 2021 PES was 98.08%, while in 2020 it was 91.38%.

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The award for 2022 was received by PAGCOR President and COO Atty. Juanito L. Sañosa during the inaugural GOCC Governance Awards Ceremony on November 20, 2023 at the PICC Complex in Pasay City.

Atty. Sañosa said the award elevated PAGCOR to the ranks of the best performing GOCCs in the country.

“This is truly another proud moment for PAGCOR. While this award serves as a validation of our efforts and hard work, it also inspires us to continuously exceed our past accomplishments – all in the service of our country,” he said.

The PES award is a recognition of the unwavering dedication to the highest standards of accountability and efficiency among government-owned and controlled corporations.

In the GCG report, PAGCOR garnered perfect scores in the following categories: Increased Contribution to National Government Coffers and Nation-Building Efforts; Increased Gross Gaming Revenue of the Industry; and Increased Revenue of PAGCOR; among others.

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In his keynote speech during the awards ceremony, Executive Secretary Lucas P. Bersamin said GOOCs contributed Php48.68 billion in dividends in 2022, funding some of the most vital government socio-civic projects such as infrastructure, health, education, and others.

“It is beyond question that GOCCs are significant tools in adjuring inclusive economic growth and development for 2022. The Bureau of Treasury recorded Php48.68 billion dividends coming from different GOCCs that are covered under Republic Act 10149,” Bersamin noted.

In a statement, GCG Commissioner Atty. Brian Keith F. Hosaka encouraged all GOCCs to work closely together in making the GOCC sector a prime driver in delivering effective and efficient progress for Filipinos.

Aside from PAGCOR, twelve other GOCCs received awards for achieving the highest Corporate Governance Scorecard (CGS) ratings in 2022 while three bagged the CGS Hall of Fame.

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