Japan’s Casino Industry Dodges Suncity Bullet

Akihabara News (Tokyo) — Japan’s casino industry in general, and Wakayama in particular, have narrowly dodged what might have been a major scandal with the arrest in China of Suncity Group CEO Alvin Chau.

It raised eyebrows from the beginning in July 2019 when Macau’s leading junket operator, Suncity, signaled that it would join the race to build an Integrated Resort (IR) including a casino at Wakayama’s Marina City.

It had been anticipated that Japan would try to construct a squeaky clean gambling regime in their country, and while Suncity was undoubtedly one of the most dynamic gambling companies in Asia, with sky-high ambitions and a growing track record of financial success, it was also widely believed that it had deep links with Chinese organized crime. It just didn’t seem like the kind of company that would be welcome in Japan.

But the early indications were that Suncity might rock the cynics after all. By August 2019 it had opened an attractive Japanese-language website promoting its IR bid, and this was followed in September 2020 with the opening of a beautiful open office in Wakayama city and sponsorship of the Wakayama Trians, the local professional basketball team.

In part because the Covid pandemic took most of their competition out of the race, only Suncity and the Clairvest Group joined the Wakayama request-for-proposal (RFP) process in May 2020.

Suncity was by far the more dynamic and credible bidder, and in fact the Wakayama selection committee rated the Suncity bid much higher than the Clairvest bid.

But then something occurred in the background in May of this year. The Wakayama prefectural government delayed announcing the winner. Next came a shocking statement from Chau that Suncity was pulling out of the race which it was about to win.

After deep consideration, we have made this difficult decision under the enormous impact on the industry due to the spread of the new coronavirus infection. Many companies anticipate a long period of uncertainty, and the IR certification process in Japan appears set to take a lot longer than expected. Many things remain unclear, but we must consider the risks as a business operator.

This explanation made no sense. If the pandemic was the factor which induced Suncity to withdraw, then it wouldn’t have come in May 2021. This was transparently a pretext and not the real reason why the company suddenly gave up on its Wakayama bid, where it had already expended so much time and money.

Moreover, the firm retained its non-gambling resort development projects in Okinawa and Hokkaido, which likely would have been linked to the Wakayama IR’s services had they all moved forward.

Media organizations tied to the Asian gambling industry, however, took Chau’s explanation at face value and didn’t dig any further.

Behind the scenes, Suncity was ruthless about pulling advertising in order to influence editorial policies, and it was just too much of a major player in the industry to want to alienate.

The only media outlet which hinted at the truth of the matter was the Asahi Shinbun, which is not subject to the same economic pressures to lay off Suncity.

The Asahi reported, somewhat obliquely, that the Macau firm had been unable to shake rumors that it had organized crime links, and accusations in Australia that Suncity was linked to money laundering had become the final straw.

We may surmise—though the hard evidence is still pending—that someone in the Japanese government let the authorities in Wakayama know that Suncity would not be accepted as a casino operator in Japan. This in turn led to Suncity’s withdrawal with its face-saving, but not very convincing, explanation.

The Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial regulator, had concluded as early as 2016 that Alvin Chau had been a member of the Triads in charge of loan-sharking and gambling, but he later broke away to form his own gang, which presumably developed into the Suncity Group.

This weekend, Chinese authorities arrested Chau and about ten of his colleagues on charges of conducting illegal cross-border gambling and a money laundering syndicate.

While Chau’s arrest may well involve a political agenda on the part of the Chinese government to clip the wings of Macau’s gambling industry, and it probably does not represent fresh evidence against the Suncity boss, it nevertheless highlights how much of a legal gray area that the Macau junket industry had been operating within for a long time.

Chau’s arrest is an epic news story in Macau, but it will probably have only a few ripples in Japan: Six months ago, Suncity was given its IR walking papers by the Japanese authorities, and by that margin they have just avoided a political bullet.

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The post Japan’s Casino Industry Dodges Suncity Bullet appeared first on Akihabara News.



Source: Akihabara News – Japan’s Casino Industry Dodges Suncity Bullet

EU Complaint Accuses Microsoft of Anticompetitive Bundling of OneDrive, Teams in Windows

“Remember how Microsoft spent years in hot water in the late ’90s and early ’00s by forcing Internet Explorer on its customers?” asks ZDNet.

“European open-source cloud company Nextcloud does.”

Now, with a coalition of other European Union (EU) software and cloud organizations and companies called the “Coalition for a Level Playing Field,” Nextcloud has formally complained to the European Commission about Microsoft’s anti-competitive behavior by aggressively bundling its OneDrive cloud, Teams, and other services with Windows 10 and 11.

Nextcloud claims that by pushing consumers to sign up and hand over their data to Microsoft, the Windows giant is limiting consumer choice and creating an unfair barrier for other companies offering competing services. Specifically, Microsoft has grown its EU market share to 66%, while local providers’ market share declined from 26% to 16%. Microsoft has done this not by any technical advantage or sales benefits, but by heavily favoring its own products and services, self-preferencing over other services. While self-preferencing is not illegal per se under EU competition laws, if a company abuses its dominant market position, it can break the law. Nextcloud states that Microsoft has outright blocked other cloud service vendors by leveraging its position as gatekeeper to extend its reach in neighboring markets, pushing users deeper into its ecosystems. Thus, more specialized EU companies can’t compete on merit, as the key to success is not a good product but the ability to distort competition and block market access….

So, Nextcloud is asking the European Commission’s Directorate-General for Competition to prevent this kind of abusive behavior and keep the market competitive and fair for all players. Nextcloud is doing this by filing an official complaint with this body. In addition, Nextcloud has also filed a request with the German antitrust authorities, the Bundeskartellamt, for an investigation against Microsoft. With its partners, it’s also discussing filing a similar complaint in France.

Nextcloud is being joined in its complaint by several open-source, non-profit organizations. These include the European DIGITAL SME Alliance; the Document Foundation, LibreOffice’s backing organization; and the Free Software Foundation Europe (FSFE)… Numerous businesses are also supporting Nextcloud’s legal action. This includes Abilian, an open-source software publisher; DAASI, an open-source identity management company; and Mailfence.

Read more of this story at Slashdot.



Source: Slashdot – EU Complaint Accuses Microsoft of Anticompetitive Bundling of OneDrive, Teams in Windows

You Can Get an NFT With Your Ticket to See the New Spider-Man Because of Course That's a Thing

AMC is going all-in on the blockchain. Earlier this month, the movie theater chain announced it would begin accepting payments in cryptocurrency, and now it’s giving out NFTs as ticket pre-orders freebies for the new Spider-Man movie.

Read more…



Source: Gizmodo – You Can Get an NFT With Your Ticket to See the New Spider-Man Because of Course That’s a Thing

Cyber Monday Tech Deals: Score Up To Half Off Wireless Buds, Speakers, WiFi 6 Mesh Routers And More

Cyber Monday Tech Deals: Score Up To Half Off Wireless Buds, Speakers, WiFi 6 Mesh Routers And More
With Thanksgiving over and the Black Friday rush over at many retailers, you might think the deals are over but we have some early Cyber Monday deals ahead of tomorrow’s main etail event on Speakers, WiFi 6 Mesh networking systems and some other great PC tech gear. After taking the family out shopping, you should take a look at these online

Source: Hot Hardware – Cyber Monday Tech Deals: Score Up To Half Off Wireless Buds, Speakers, WiFi 6 Mesh Routers And More

Raspberry Pi Trading Could Go Public This Spring

“According to a report in The Telegraph, Raspberry Pi Trading, the arm responsible for the creation of the Raspberry Pi 4, Raspberry Pi Pico and the new Raspberry Pi Zero 2 W could soon be listed with a value of more than £370m ($493m),” reports Tom’s Hardware:

Raspberry Pi Trading has hired advisors from two investment banks, Stifel and Liberum to advise on floating the company in spring 2022. The news comes just a few months after Raspberry Pi received a £45m ($60m) investment from Lansdowne Partners and the Ezrah Charitable Trust which was used to fund the development of new products as demand increased during the global pandemic. A source close to The Telegraph has valued Raspberry Pi at a premium of $500m…

“Obviously, the $45m we raised in September takes away some of the urgency around figuring out how we fund the future. On the other hand, we have great plans for what we are going to do over the next five years.” Eben Upton, talking to The Telegraph.

Read more of this story at Slashdot.



Source: Slashdot – Raspberry Pi Trading Could Go Public This Spring

How to Install Apache Cassandra on Ubuntu and Other Linux

Apache Cassandra is a free and open-source NoSQL database management system drawn to manipulate large amounts of information across many servers, providing high availability with no single point of failure. I am not going into the details of NoSQL database. I am going to so you how you can install Apache Cassandra on Ubuntu based Linux distributions.

Source: LXer – How to Install Apache Cassandra on Ubuntu and Other Linux

PHP 8.1.0 and a new foundation

Version
8.1.0
of the PHP language has been released. This release includes a
number of new features, including enumerations,
read-only
properties
,
fibers, and more.

Meanwhile, a
new foundation
has been created to support development of PHP:

The initial purpose of the PHP Foundation is to support the
development of PHP by contracting developers to work on php-src
either part-time or full-time. If that sounds interesting to you,
be sure to apply!

The foundation does not have any decision-making power on language
changes: these remain within the sole purview of the internals
mailing list and the RFC process. The fact that some work has been
funded by the foundation does not imply that it will be accepted
into PHP.

More information can be found in this
blog entry
.

Source: LWN.net – PHP 8.1.0 and a new foundation

World Chess Champion Urges Quicker Games, Is Also Rich

CNN profiles Magnus Carlsen, the world’s best chess player — and the state of the chess community today:

Interest in chess spiked at the beginning of the pandemic, and again in October 2020 after the release of the Netflix series, “The Queen’s Gambit.” In the first three weeks after its debut, sales of chess sets went up by 87% in the U.S. and sales of books about chess leaped 603%, according to marketing research company NPD Group. Not since the 1970s, when American legend Bobby Fischer burst onto the scene, has the game captured the attention of the world like this….

Carlsen tries hard to be indifferent toward anything at all during the press conference and interview. But he does have strong opinions on how the game should be changed to make sure it holds the attention of the current groundswell of interested players. “I’ve been somebody who’s supported having quicker games in the world championship for a long time,” he said. “I think for people who are not into chess at all, who don’t know anything about the game, you’re more naturally attracted to quicker games.” World championship games can last hours and often end in ties because mistakes are so rare…

Carlsen’s love of fast-paced chess isn’t surprising, considering he is the current world champion in both “Rapid” and “Blitz” formats — games that generally last for 15 minutes or less. His tiebreak wins in previous championship games were both in the rapid format and there are numerous videos on YouTube where his quick thinking is showcased. Computers are now powerful enough to calculate billions of possible move combinations in seconds, ably deciding the best possible option. It makes preparation more exacting and less enjoyable, and Carlsen thinks quicker games would help solve that…

Carlsen could rightly be considered the greatest chess player ever. He has been the world champion for eight years and holds the longest unbeaten run in history. He only trails Russian grandmaster Garry Kasparov in weeks spent as the highest rated player.

But the New York Times points out that Carlsen has done something none of his chess-playing predecessors have ever done. “He has leveraged his fame to become one of the chess world’s leading impresarios. In the process, he has amassed a small fortune.”
Carlsen has several private sponsorship agreements, including with Unibet, a sports betting site; Isklar, a Norwegian water company; and Simonsen Vogt Wiig, a Norwegian law firm. But the main vehicle for his business ventures is Play Magnus, a company that he co-founded in 2013, the year he became world champion. Initially designed as an app that allowed users to mimic Carlsen’s playing style and strength at different ages, Play Magnus has expanded, mostly through acquisitions, to become a company with a dozen subsidiaries. It now includes an online playing site, multiple teaching and training platforms, and digital and book publishing arms.

According to Andreas Thome, Play Magnus’s chief executive, the company has about 250 employees and about four million registered users of its products and proprietary learning programs. One year after it went public on the Euronext Growth Oslo stock exchange, Play Magnus now has a market capitalization of about $115 million. It is the only publicly traded chess company in the world.
Carlsen’s personal stake in the company is worth nearly $9 million, the Times points out — even as Carlsen is now competing in the world chess championship for a $2.24 million prize, where “as much as 60% will go to the winner.”
In the 14-game match, the first two games…all ended in a draw. “The result means there have now been 16 draws in a row in world championship games played at classical time controls,” the Guardian pointed out, “dating back five years to game 11 of Carlsen’s match against Sergey Karjakin in November 2016.”

And then the third game, played Sunday….also ended in a draw.

Read more of this story at Slashdot.



Source: Slashdot – World Chess Champion Urges Quicker Games, Is Also Rich

Elon Musk Tells Tesla Employees Not to ‘Sprint Like Crazy’ to Deliver Cars and Focus on Reducing Costs

Tesla CEO Elon Musk told all employees in an email not to “sprint like crazy” to deliver cars, pointing out that although the company expends great effort, rushing and spending loads of money actually does not deliver more cars.

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Source: Gizmodo – Elon Musk Tells Tesla Employees Not to ‘Sprint Like Crazy’ to Deliver Cars and Focus on Reducing Costs

Cryptocurrency mining in Kazakhstan is leading to power shortages

Cryptocurrency mining consumes a massive amount of energy, and that’s prompting a crisis in Kazakhstan. The Financial Timesreports the country’s electrical grid operator KEGOC said it would start rationing electricity for 50 registered miners after their demand reportedly invoked an emergency shutdown mode at three power plants in October. They’ll also be the first disconnected if there are grid failures, the quasi-public company said.

The energy ministry estimated that electricity demand has jumped by eight percent so far in 2021 versus the more typical one or two percent. There have been blackouts in six regions since October.

Officials and observers have pinned the power cuts on climbing numbers of unregistered crypto miners illegally generating currency from their homes or even factories. China’s war against cryptocurrency may be partly responsible. Energy demand started climbing when mining firms moved from China in early 2021, and it jumped again when China made mining illegal this May. Electricity has been relatively inexpensive in Kazakhstan, making it a haven for companies hoping to make larger profits from crypto operations.

Kazakhstan is trying to compensate for the power shortages. It’s asking a Russian energy company to supplement the national power grid, and it will charge registered miners a compensation fee of 1 tenge (about $0.0023) for every kilowatt-hour starting in 2022. Both efforts will take time, however, and this is forcing miners to either scale back or move equipment.

There are also worries the government isn’t being honest about its problems. The University of Glasgow’s Luca Anceshi argued to The Times that Kazakhstan was scapegoating miners for reliability problems with the country’s electrical grid. Whether or not that’s true, it’s safe to say the mining demand hints at the potential problems for other countries if their local crypto production takes off.



Source: Engadget – Cryptocurrency mining in Kazakhstan is leading to power shortages

Sony and AMC Offer NFTs to 'Spider-Man' Advance Ticket Buyers

Movie theatre chain AMC and Sony Pictures are giving away 86,000 Spider-man NFTs to people who buy/reserve tickets for December 16th’s premiere of Spider-Man: No Way Home.

The special tickets go on sale tonight at midnight EST on the AMC web site and app (available only to people who’ve signed up for one of the chain’s special perks programs like Stubs Premiere, A-List, and Investor Connect). “The movie ticket must be scanned at the theatre when the guest arrives for the movie,” explains the movie industry site Boxoffice Pro. “If the ticket purchase is refunded or the ticket goes unused, or is not scanned, the NFT code will not be delivered.”

The Spider-Man NFT will be available to be redeemed at a dedicated site operated by WAX, an energy efficient, ultra-low carbon footprint blockchain and the first certified carbon neutral. WAX is the most utilized blockchain in the world processing 15 million transactions daily.

Adam Aron, Chairman of the Board and CEO of AMC, commented: “Our AMC Theatres guests and our AMC Entertainment shareholders have been calling for AMC to get into the world of NFTs, and we couldn’t imagine a more perfect way to start doing so than with our good friends at Sony Pictures.”

Over 100 NFT designs will be available (designed by Cub Studios), the announcement points out

In a tweet Sunday, AMC’s CEO said the idea came from the company’s shareholders.

Read more of this story at Slashdot.



Source: Slashdot – Sony and AMC Offer NFTs to ‘Spider-Man’ Advance Ticket Buyers

My Hero Academia Finally Reveals One of Its Oldest Secrets

There’ve been a lot of things happening in the pages of My Hero Academia over the last year. The war between the heroes and villains saw a fairly big change to its larger world that left Deku and the rest of the 1-A kids as basically the last real hope for Japan in the fight against All for One and Tomura Shigaraki.…

Read more…



Source: Gizmodo – My Hero Academia Finally Reveals One of Its Oldest Secrets