Scientific Game

Conference highlights legal constraints in EU-Asia acquisitions

Wednesday, 14 March 2018 06:46
Visit us

The future of the acquisitions market between Europe and Asian iGaming companies shows a two-face dynamic, with legal and cultural hurdles presenting a challenge but clear evidence of mutual interest, according to the CEO of iGaming-focused investment firm GlodBlue, Rune Löderup.

“European operators see more difficult to grow in Europe,” Löderup said at iGaming Asia Congress on Tuesday, adding that the highly competitive European market has led many to search for acquisitions in Asia.

However, the huge gap between the legal frameworks of European countries and those in the different Asian countries often discourages operators, especially for listed companies who are conditioned to operate under higher levels of transparency not typically associated with Asia.

An exception to that rule is Japan, which Löderup said is considered the most attractive option for acquisitions from European companies. The similarities in Japan’s legal framework and the proximity of business practices, together with a huge potential in the iGaming market, make Japan the most appealing country in the region for European enterprises exploring acquisition possibilities in the sector.

Löderup said that European companies immersed in acquisitions in Asia must pay especial attention to the cultural gap between parties and how to undertake the process of structural integration harmoniously. He remarked that a careless integration could turn into a traumatic process with risks impacting staff and operations.

On the other hand, the trend of regional companies acquiring European ones has been more fruitful, as Asian companies – especially those from China – find that European firms match common strategy need to “derisk and diversify” their core activities.

What's new

Ortiz Gaming announces 20% growth in 2017, future expansion on the cards

Ortiz Gaming announces 20% growth in 2017, future expansion on the cards Philippines based Ortiz Gaming says its market footprint in Asia grew 20% in 2017 as it outlines its plans for expansion over the coming months. In a press release, the company described the importance of its new O Future Cabinet, described as “a novelty product that provides incredible gaming ex... Thursday, 22 March 2018 06:16

Wynn Resorts still among leading Japan contenders, market tipped at US$25 billion: expert panel

Wynn Resorts still among leading Japan contenders, market tipped at US$25 billion: expert panel The recent scandal involving Wynn Resorts and its former Chairman and CEO Steve Wynn shouldn’t negatively impact its chances of securing a Japan IR license, according to CLSA Senior Analyst Jay Defibaugh, with the company’s high-end focus considered a perfect match for Japan. Defibaugh was one ... Thursday, 22 March 2018 06:07

Manila Pavilion fire casualties rises to six

Manila Pavilion fire casualties rises to six The number of employees to have perished during the fire at Manila Pavilion Casino on 18 March has risen to six, Pagcor announced late Wednesday. According to the Philippine gaming regulator, the latest victim to pass away is 28-year Jennilyn Figueroa, who lost her battle early Wednesday morning af... Thursday, 22 March 2018 05:34

Steve Wynn to sell “all or a portion” of Wynn Resorts shares

Steve Wynn to sell “all or a portion” of Wynn Resorts shares Wynn Resorts founder Steve Wynn has informed the company that he plans to sell “all or a portion” of his shares following last week’s court ruling that a 2012 stockholder agreement between he, ex-wife Elaine and Kazuo Okada was “invalid and unenforceable.” In a Wednesday filing to the US ... Thursday, 22 March 2018 05:27

Current Issue

MGM “all-in” on Cotai

MGM “all-in” on Cotai Almost five years to the day since MGM first broke ground on its second Macau integrated resort, MGM Cotai finally opened its doors to the public on 13 February with the US$3.4 billion investment pinning its future on the premium mass market and an array of innovative features. By Ben Blaschke “... Tuesday, 27 February 2018 14:50

European vacation

European vacation Novomatic is targeting both the US and Asian markets with its recent acquisition of a 52% stake in Australian slot machine developer Ainsworth Game Technology.By Ben Blaschke WHEN Austrian gaming giant Novomatic Group confirmed the completion of its AU$500 million purchase of a 52.2% stake in Austra... Tuesday, 27 February 2018 14:48

Problem solving

Problem solving Inside Asian Gaming speaks with Davis Fong, Associate Professor in International Integrated Resort Management and Director of Institute for the Study of Commercial Gaming at the University of Macau’s Faculty of Business Administration, about the extent of gambling disorders in the Asian gaming hub... Tuesday, 27 February 2018 14:44

Gaming and the nine intelligences

Gaming and the nine intelligences Sudhir Kale explores the nine types of intelligence as defined by Harvard psychologist Howard Gardner and how they apply to the gaming industry.  DURING my decades of involvement in the gaming industry, I have had the pleasure of knowing many senior executives from all over the world. They are all... Tuesday, 27 February 2018 14:40