Spectrum Group expanding Asian operation
United States-founded consultancy, Spectrum Gaming Group has announced plans for expansions for its Asia operations.
The planned expansion is directly related to market developments that include Japan’s decision to host casino resorts and the growth in the industry within the Asia-Pacific.
In a press release issued on Tuesday, as part of its expansion Spectrum Asia Ltd will be working with Heather Scheibenstock who has been designated senior vice president for business development, Asia, according to GGR Asia.
Ms Scheibenstock is currently an independent non-executive director of Ainsworth Game Technology Ltd, however in documents filed with the Australian Stock Exchange, has given notice that she intends to step down from the position at its annual general meeting on November 26.
She is also listed as a non-executive director of Sydney software firm SenSen Networks Pty Ltd. Her previous career experience includes being executive at Solaire Resort and Casino in Manila in the Philippines, operated by Bloomberry Resorts Corp; and at the Australian casino firm formerly known as Echo Entertainment Group Ltd, now The Star Entertainment Group Ltd.
Spectrum managing director Fredric Gushin stated in the release: “Our growth reflects our continuing commitment to the Asia-Pacific region and our ongoing efforts to implement regulated gaming around the world. Our team is poised to assist our clients in all aspects of gaming control, strategic planning and development.”
Spectrum Asia is headquartered in Tokyo. It is the leading independent gaming consultancy serving all of Asia and provides comprehensive gaming-related services to governments (national and local) along with private-sector clients. It services include Due Diligence Investigations, Economic and Social Impact Studies, Legislative and Regulatory Services, Regulatory and Anti-Money-Laundering Compliance Consulting and Strategic Planning.
Spectrum Asia has provided these services throughout the Asia Pacific region, including Australia,Hong Kong, Laos, Nepal, Singapore and Vietnam.
Projects in Asia are not a new initiative
Spectrum Asia have completed numerous projects throughout Asia, varying from complex and highly sensitive due diligence investigations for the Singapore government to feasibility studies in Japan.
It was retained by the Singapore Ministry of Home Affairs to conduct due diligence investigations of all applicants for the proposed Marina Bay and Sentosa integrated resorts. The Government of Singapore determined to establish a gaming industry offering the highest global standards of integrity and effective regulation.
It’s relationship with Singapore has been significant. The organisation played an instrumental role in helping Singapore meet that goal, having since 2005 being retained by the Singapore Government to assist in gaming, regulatory and law enforcement issues related to the legalisation of casino gaming and the opening of the two integrated resorts.
In 2018, Spectrum was awarded a three-year contract by the Casino Regulatory Authority of Singapore to undertake due diligence investigations of casino operators and their associates.
In the Philippines, Spectrum was engaged by Bloomberry Casino Resorts to provide pre-opening design and development services along with casino deployment services for a new 500-room casino resort in Manila. As part of its work, they resized the resort, set up the operation and delivered to the owner a turnkey 17,000 square-metre casino operation with over 1,200 slot machines and nearly 300 table games.
The Government of Laos retained Spectrum to develop a strategic plan for the regulation of casino gaming and address anti-money-laundering issues.
The organisation also performed a detailed analysis for a potential casino development in a resort area of South Korea. The comprehensive study included suggested strategies for the national government to ensure that such a project would boost tourism, while adhering to other public policies – including minimising problem gambling and other social concerns.
Spectrums expansion in Asia is expected to provide it with a multitude of further gaming opportunities.