Categories
Gaming

Telstra Unveils ‘Game Optimiser’ Service to Make Online Gaming Fun

Working as a renowned global telecommunications firm and Australia’s biggest mobile network, Telstra has announced the launch of a new exciting tool for gamers that will change their gaming experience for real. Launched as a potent ‘Game Optimiser’ service, this revolutionary tool will leverage the best-in-class services to online game lovers by efficiently removing network congestion issues.

As per the blog, the Game Optimiser is an add-on service that allows the users to enjoy the enhanced and advanced online gaming experience. Game Optimiser will run on DumaOS, the network management channel that came into limelight when used in NETGEAR routers. The tool helps gamers manually connect to their favorite gaming server, decide the device’s bandwidth, and scrutinize the data usage across the channel seamlessly.

Telstra is all set to roll the Game Optimiser tool’s beta testing from September 22 to November 9 for the online gaming fans. The interested participants who are willing to be a part of the beta testing need to be a Telstra NBN fixed broadband user and also owned a smart modem. The trial process is free of cost. The customers will not have to pay any charge for the first month; however, after the beta testing, the service could be availed by the people for an additional charge of $10 every month.

Salient Features of The Game Optimiser Service
  • Effective dealing with network congestion by putting gaming traffic on the top priority list above other devices.
  • Eliminating the issues of lagging and jittering by the enhanced bandwidth allocation.
  • Enhancing the multiplayer performance output by establishing a connection with the nearest and best servers, offering minimum latency.
  • Categorizing the live home network usage across all devices.

The Telstra Chief for Gaming, Nathan Gumley, during a media interaction, stated that the new service would help to break the barriers that online gamers have to deal with every day. It will not only improve the in-home gaming setup for the gamers but will also give them peace of mind and adequate control over their gaming business. The tool will manage the problem of home traffic by connecting them to the closest servers while also eliminating technical restrictions. The team has advised the customers to use the Game Optimiser tool safely as it could create havoc for the home network if left open for intrusions from unauthorized clients.

Categories
Casino

South Korean Casinos to Remain Shut Down as New COVID-19 Cases Emerge

Coronavirus cases are once again on the rise in South Korea, which is forcing many casinos, Kangwon Land and Paradise City, in particular, to extend the shutdown of their operations.

Paradise City announced to close all its gaming operations for an indefinite period with its non-gaming services to reopen on September 9, 2020. One of the foreigner-only casinos in South Korea, Paradise City, was forced to undergo closure after reporting six new COVID-19 cases among its staff.

In a statement released by the casino, Paradise City reiterated its commitment to protect its guests, staff, and the public.

Similarly, Kangwon Land decided to have all its operations remain shut down until September 21, 2020. Kangwon Land, which is for locals only, somehow managed to operate for a month after being reopened in July 2020 and facing closure since February 2020.

Such a prolonged closure is resulting in heavy losses for both casinos. In their earnings report released for 2020, Paradise City reported a yearly drop of 51.4 percent year-on-year, while Kangwon Land witnessed second-quarter revenue declining to 91.4 percent year-on-year.

Though Paradise City seems to be faring well than most of the casinos in the country, the extended closure is undoubtedly going to hurt it more in terms of business revenues.

Earlier, both Paradise City and Kangwon Land planned to reopen on September 7, 2020. Until reopened, these casinos will work with quarantine authorities over disinfecting and inspection protocols at their gaming venues.

Casinos have suffered significant losses in revenue after months-long closure due to the pandemic. After being allowed to reopen, they were hoping to rebound. To see the South Korean businesses thriving again, the government needs to work in tandem with the casinos over safety measures and keep a check on COVID-19 cases.

Categories
Gambling

DFNN to Acquire Debt-Saddled Australia-listed Gambling Firm

Debt-saddled Silver Heritage Group Ltd, an Australian-listed gambling firm, has been taken control of by DFNN Inc through a term sheet for about P18.88M (which is roughly around A$530,000). The term sheet was routed through Hatch Asia Inc, which is a sister-concern of DFNN, on August 16. DFNN owns a total of 18.98% of Hatch Asia.

Silver Heritage’s creditors have collectively decided to sign the Deed of Company Arrangement (DOCA). An announcement to this effect said,

An announcement to this effect said

The Hatch Asia recapitalization will be as per the Australian Stock Exchange DOCA process. A total of 92% of the Silver Heritage Group issued capital will be acquired by consolidating the shares held by the existing shareholders. Once it is completed, Hatch Australia Holdings Pty Ltd will issue new ordinary shares. This deal is subject to the approval of Silver Heritage shareholders.

DFNN is purchasing the company of Australia for A$530k plus 3% of the shares issued by Silver Heritage, which again is as per the terms by DOCA. The deal’s outcome will be two-fold for DFNN—the shareholder-controlled unit Hatch Asia will be included on the Australian Stock Exchange & DFNN will own a portion of an entity listed on the Australian Stock Exchange.

The Silver Heritage Group operating two casinos in Nepal, has been in the doldrums for quite some time now. In May, it announced that business was at its lowest as the casinos were locked down after the Covid-19 outbreak. It was forced to appoint KPMG administrators, unfortunately just months after it got emergency funding by its lead lender OCP Asia.

This was even after it planned to stay afloat and save the casinos after selling off other strategic assets in Nepal, its Tiger Palace Resort Bhairahawa, and The Millionaire’s Club in Kathmandu.