SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.
SBC’s global flagship event, SBC Summit 2024 was held in Lisbon last week, achieving record-breaking success, setting a new benchmark in the industry and solidifying SBC’s status as a leader in the events sector.
The SBC Summit expo floor was a resounding success, with over 600 exhibitors creating a vibrant and bustling atmosphere. Of these, 250 were new to the SBC Summit, and more than 100 were first-time exhibitors at any SBC event. According to data from the official SBC Summit app, SBC Connect Plus, a record 10,000 meetings were scheduled through the app alone, with thousands more meetings taking place across the summit.
Additionally, Soft2Bet, Betsson Group and Kaizen Gaming were among the standout winners at the 2024 SBC Awards, marking the event’s debut in Lisbon.
LABOR, the union representing Evolution Georgia employees, has submitted a petition to Sweden’s Financial Supervisory Authority, Finansinspektionen, requesting a review of the company’s public disclosures.
In the petition, the union also cautioned Evolution’s shareholders, stating that the company’s “confrontational approach toward employees attempting to exercise their rights to freedom of association and collective bargaining” threatens a key element of its business model.
TotoGaming has strengthened its presence in the Romanian market by signing a two-year sponsorship deal with FC CFR Cluj. While 888Africa has become Benfica’s betting partner in Mozambique and Angola.
Formula 1 has announced 96M as its official betting partner in Asia. The deal aims to offer exclusive content, innovative betting opportunities and a “forward-looking view” on the future of both industries. While Total Performance Data (TPD) has announced a multi-year partnership with Bahrain Turf Club. The club will use the real-time racing data from the provider.
Sportingtech has expanded its presence by opening a new office in Sofia, Bulgaria.
Parimatch Group Co-Founder Kateryna Biloruska is to sell her controlling stake in the company to fellow Co-Owner Sergey Portnov. Paul Gauselmann stepped down from his position as Chair of the Management Board and left executive leadership of Merkur Group. While Entain Plc has announced that Stella David has begun her tenure as Chair of the Board of the FTSE 100 gambling group as of 1 October 2024.
On September 30, Brazil’s Finance Minister presented the government’s plan to tackle illegal gambling. While the Wyoming Gaming Commission (WGC) has initiated a study to evaluate the potential for expanding gambling in the state to include online gaming.
DraftKings has agreed to pay a $200,000 penalty to settle a Securities and Exchange Commission (SEC) charge that found the company selectively disclosed non-public information to investors via the social media accounts of CEO Jason Robins.
Flutter Entertainment has set a medium-term goal of doubling its corporate earnings to surpass $5 billion by 2027. While Playtech reported that expansions of partnerships and new launches in multiple states helped triple its revenue across the U.S. and Canada year over year.
Analysts at Morgan Stanley believe that Wynn Resorts’ new project in the UAE could lead to an increase in the company’s stock value. While the Star Entertainment Group has secured a new credit facility of up to AUS$200 million from its corporate creditors.
Macau casino operators have seen a revenue boost following the Chinese government’s announcement of a large-scale economic stimulus package. While Sam Hou Fai, the only candidate for the position of Chief Executive of Macau, emphasized that further growth in the gaming industry is a key factor for Macau’s economic prosperity.
Apple has announced changes to its App Store age ratings in Australia and France. The changes are in line with local guidelines and are designed to improve user safety, especially for children.
UK-based operator bet365 has strengthened its presence in North America with the opening of a new headquarters in Denver, Colorado. While global lottery operator Allwyn has announced that it is relocating its Allwyn International a.s. (AIAS) entity office from the Czech Republic to Switzerland.
Caesars Entertainment has expanded its gaming portfolio by teaming up with Gaming Realms to launch an exclusive Caesars Blackjack X-Change table game.
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