SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.
Finland’s Interior Ministry has unveiled proposals for a new Gambling Act aimed at modernizing the market. The proposed legislation seeks to end the monopoly of state-owned Veikkaus Oy, which currently holds exclusive rights to sports betting and online casinos.
While the Danish Gambling Authority, Spillemyndigheden, has been granted increased authority to address problematic operators under the updated Gambling Act. Additionally, DGA has announced it will begin accepting applications for B2B supplier licenses starting September 1. Online gambling suppliers will need these licenses to operate as operators from January 1, 2025.
The German gambling regulator Gemeinsame Glücksspielbehörde der Länder (GGL) is contemplating an overhaul of the online slots approval process following the rejection of nearly 48% of applications reviewed last year for 2023. While Canadian Province Alberta is ready to establish a new gaming regulator.
Bookmaker bwin has decided not to renew its partnership with UEFA, which included sponsorship of the Europa League and Conference League.
BetMGM has entered a three-year partnership with Tottenham Hotspur, becoming the Official Sportsbook Partner of both the men’s and women’s teams, as well as the Official Training Wear Partner. While 1XBet has renewed its partnership with FC Barcelona for another five years, maintaining its status as Global Partner and Official Betting Partner of the club until June 2029.
Moreover, Betsson has revealed that its Betsson Sport infotainment logo will be featured on Inter’s football jerseys for the next four seasons. Additionally, Betsson has secured an online casino and sports betting license in the Peruvian gambling market for its Betsson and Betsafe brands.
Kambi Group Plc has withdrawn its long-term 2027 financial targets, which aimed to triple the revenue and EBIT results of the sports betting technology group. Earlier, the Board of Directors of Kambi Group Plc has officially named Werner Becher as the new CEO of the sports betting technology group.
Flutter Entertainment has announced the appointment of Christine McCarthy and Robert Bennett to its board of directors. McCarthy, described as a “seasoned entertainment executive,” will join the audit committee, while Bennett will serve on the risk and sustainability committee. Both appointments are effective from July 30.
A joint operation between Malaysian and Singaporean police resulted in the arrest of 43 individuals, the seizure of seven properties valued at S$10.7 million (US$7 million), and the confiscation of cash and luxury goods worth approximately S$4 million (US$2.9 million). Earlier, the threshold for cash deposit due diligence in Singapore was lowered to S$4,000 (US$2,900) from the previous S$5,000 (US$3,681).
Casinos vying for one of three commercial licenses in the southern part of New York State now have until June 27, 2025, to submit their applications. This extension was unanimously approved by the New York Gaming Board, which oversees the commercial casino process in the region.
XLMedia has adopted a new strategy that emphasizes organic revenue growth in North America to balance costs by 2025. The company sees significant market potential in the 20 states yet to legalize online sports betting, including California and Texas, and the 43 states that have not legalized online casino gaming.
DeepCI has rebranded as PartnerMatrix Intelligence to create a comprehensive partner data management and tracking platform. While DAZN Bet has been accepted as an associate member of the German Sports Betting Association (DSWV).
Gentoo Media, formerly known as GiG Media, has signed an agreement with SkyCity Entertainment Group to implement its automated compliance and brand protection tool, GiG Comply.
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