SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.
7777 Gaming announces its entry into the Georgian market through a strategic partnership with Europebet — one of the major online gambling operators in the region, part of Betsson Group. While game provider Synot has successfully obtained a license to operate in the Bulgarian market.
A report by SOFTSWISS on the use of cryptocurrencies in gambling highlights that altcoins may become a more preferred choice for players than Bitcoin. While Sportradar has updated its ad:s marketing service with Generative AI audio. This will enable the use of Gen AI by integrating it into Sportradar’s real-time data.
OlyBet has been named the new European Betting Partner of the World Snooker Tour (WST) for the 2024/25 season. While BETBY has launched its latest marketing campaign together with the firm’s brand new ambassador, Grandmaster Magnus Carlsen.
Al Nasr’s esports division has partnered with Italian esports organisation Mkers. As part of the deal, the Saudi club has signed Portuguese EA FC player João Afonso “Jafonso” Vasconcelos to prepare them for tournament play.
A dispute is in the works between the Premier League and English Football League (EFL) over data rights. According to The Guardian, some clubs in the English top flight are lobbying for the league to receive a bigger share of English football’s data rights deal.
Unsurprisingly the potential launch of France’s regulated casino market was central to discussions at the AFJEL annual conference. Additionally, French senators have approved new tax surcharges across all gambling verticals. The “behavior tax increase” will target soft drinks, tobacco and gambling.
The UK gambling sector has undergone significant changes over the past year due to regulatory updates and active efforts to improve support for operators. Andrew Rhodes, CEO of the UKGC, noted that the pace of work will only increase in the coming year. Moreover, the UK government has announced a mandatory levy to fund research, education and treatment (RET) for gambling harms and online slots betting caps to protect new players.
PayPal’s presence in global online gambling markets highlights its notable absence in Canada. Explaining the reasons behind PayPal’s limited availability in the country, Ville Saari, the Lead Content Manager at Bojoko.ca, told PaymentExpert that the lack of a unified national regulatory system hinders the payment service’s operations in Canada.
News broke across Australian media networks this weekend that Prime Minister Anthony Albanese would push back settling gambling advertising reforms to 2025. Indonesia’s Minister of Digital Communications, Meutya Hafid, has called for more action against illegal gambling in the country.
The International Betting Integrity Association (IBIA) has upgraded its technological platform designed for global sports integrity monitoring ahead of launch in the Brazilian market. While GiG has launched its igaming platform in Mexico through a deal with long-standing partner LuckyDays.
The United Arab Emirates has officially announced the launch of its first national lottery, the UAE Lottery, which will be regulated by the General Commercial Gaming Regulatory Authority (GCGRA) and operated by the local provider, The Game LLC.
Betinvest has partnered with FeedConstruct to integrate its solutions into the latter’s Odds Aggregator Platform, offering bettors access to more than 30,000 events a month.
Star Entertainment Group has announced a significant financial assistance facility to stabilise its operations amid challenging economic times and regulatory pressures.
BC.Game was declared bankrupt by a Curaçao court on November 12, following allegations of unpaid player balances and a contentious transition of ownership. Additionally, BIT Mining CEO, Zhengming Pan, who previously was in charge of online casino firm 500.com, has been indicted by the US Department of Justice, over lucrative bribery allegations.
Investment bank Jefferies has painted a positive outlook for the growth trajectory of Macau. While the legal confrontation intensifies following a statement from Macau Legend Development (MLD) about its plans to “vigorously contest” the claims of the Cape Verde Government.
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