SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.
A highlight of the SBC Summit in Lisbon is the Global Markets Lounge, featuring a series of brief, expert-led sessions on the latest developments in key regions. Additionally, SBC is gearing up for a show-stopping Super Stage debut at the impressive MEO Arena, one of Europe’s largest indoor sports venues. SBC Summit attendees will have the rare opportunity to hear from legends like Tony Hawk, Sir Tim Berners-Lee, Luís Figo, Peter Schmeichel and Merab Dvalishvili, as well as some of the industry’s most prominent figures, in what promises to be an inspiring event.
Moreover, the travails of betting and gaming SEOs during a year of chaotic activity by Google is the subject of the cover story for the launch issue of SBC’s new Affiliate Leaders magazine.
Kelly Kehn, Paris Smith, and Sue Schneider introduced Defy the Odds, which aims to mentor and grow the next wave of industry entrepreneurs.
Thailand’s Deputy Finance Minister Julapun Amornvivat has said the mega entertainment complex and casino will proceed. While the Indian government has upheld the 28% GST rate on gambling despite concerns within the industry.
According to a recent ruling by the Supreme Court of the Netherlands, Curaçao master license holders can be held liable for violations committed by their sublicensees. While the Christian Democratic Appeal (CDA) in the Netherlands is increasing pressure on the government to potentially impose a ban on online gambling.
Kambi Group Plc Chairman Anders Ström has refuted reports of a potential merger with Genius Sports. While Allwyn International has demonstrated its ability to successfully execute strategic directives to further transform its global lottery operations and products.
After MGM waived its right to exit the Japanese casino market, plans to launch casinos in the region by 2030 have entered the formalization stage.
The Hong Kong Jockey Club reported a notable decline in its financial performance for FY2023/24, with several external factors impacting overall racing wagering turnover. While Grupo Codere SA reported a net loss of €117 million ($125 million) for the year, reflecting weak financial results for the first half of 2024.
Grupo CIRSA has raised its 2024 EBITDA guidance to €680m-€710m ($725m-€760m) as it seeks to expand its presence in South America through its acquisition of a majority ownership in Apuesta Total, a leading Peruvian bookmaker.
UK broadcasting regulator Ofcom has acknowledged improvements in Twitch‘s accuracy in labeling mature content following a review of the platform’s updated classification guidelines. Additionally, GAMSTOP has announced that over 500,000 individuals have registered for its self-exclusion service since its inception in 2018, with a noticeable trend of younger users signing up.
BETER Live has announced its rebranding and name change to ICONIC21 following its recent separation from BETER Group.
Global sports betting and gaming leader Betway has signed a multi-year deal with Chelsea FC to become the ‘European Betting Partner’ for the five-time Premier League champions. While evoke has extended its partnership with the Canadian Football League (CFL) for a second season, maintaining its status as one of the league’s official operators.
bet365 has been fined for the second time in a month by New Jersey authorities, this time for $33,000, after accepting bets on events that had already concluded and on games not approved for betting. While Las Vegas casino Wynn Las Vegas (WLV), a subsidiary of Wynn Resorts, has forfeited $130m as part of a non-prosecution agreement with the US Department of Justice and the US Attorney’s Office for the Southern District of California over unlicensed money transmitting allegations.
Police authorities across several German states have confirmed that they have opened an investigation into 17 football matches on suspicion of match-fixing.
In a rare victory for the troubled Star Entertainment Group, the Brisbane Supreme Court has ruled that a Singaporean man, who accumulated gambling debts exceeding AU$38 million (US$25 million) at the Star Gold Coast, must repay the amount. While the Gibraltar High Court has ruled against former Mansion Group CEO Karel Manasco, who was accused of extorting funds from the company’s accounts and abusing his position.
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