SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.
Children are falling victim to gambling through illegal online casinos that use the popular video game Roblox to attract users as young as 12 to their platforms. According to an investigation by Sky News, a network of illegal casinos provides children access to gambling through their Roblox accounts, one of the most popular games among youth.
FeedConstruct has signed an exclusive data partnership with the Football Federation of Armenia.
In the biggest acquisition in the company’s history, Gambling.com Group has agreed to buy Odds Holdings, the parent company of OddsJam for a total potential valuation of $160 million. While Caesars Entertainment has finalized the $275 million sale of its Linq Promenade property in Las Vegas. The real estate was acquired by a joint venture between TPG Real Estate and Acadia Realty Trust, marking a step in Caesars’ strategy to divest non-core assets and improve its financial position.
XLMedia has provided an update on the proceeds from the sale of assets related to its businesses in Europe and North America. In March, the company reached an agreement to sell its European and Canadian sports betting and gaming assets to Gambling.com Group, completing the deal in April.
BETBY has launched a significant update to its esports portfolio, adding new outright and player prop markets. While GG.BET has released a video highlighting its achievements in 2024—the main achievement of the company has been its commitment to creating value from sponsorship deals with leaders in the esports sector.
SOFTSWISS has announced that the prize pool for the Prime Network Jackpot has surpassed €1 million, growing more than tenfold since its launch last year. While online gaming provider Videoslots has announced that it is rebranding to Immense Group to signify the firm’s “new chapter” in the sector.
BetMGM has hired Casey Hurbis as its new Chief Marketing Officer, while its parent company, MGM Resorts International, has promoted Ari Kastrati to the position of Chief Content, Hospitality and Development Officer. While the UK Government’s Secretary of State has appointed Charles Counsell as the interim Chair of the UK Gambling Commission (UKGC). His nine-month tenure will begin on 1 February 2025.
Mark Mackay stepped down as Star Gold Coast’s CEO after just 95 days. His departure is the second such event in 2024. In April, the company was ousted by Jessica Mellor, who stepped down as CEO of the Gold Coast resort after just six months on the job.
Curaçao’s gambling law reform moves into its final phase next week. While the Gambling Regulatory Authority of Ireland (GRAI) has announced a partnership with the Advertising Authority of Ireland (ASA Ireland) to strengthen oversight of gambling advertising.
POGOs in the Philippines have been warned to leave the country by December 31, as the presence of offshore gaming companies in the local market continues to decline. With such an exodus underway, PAGCOR Chairperson Alejandro Tengco stated at the Stratbase ADR Institute forum that the POGO presence will be fully terminated by December 15.
Australian gambling companies will no longer receive tax breaks for R&D, a program designed to encourage innovation and growth across industries. While the Senate Judiciary Committee convened a hearing to evaluate the effects of legalized sports betting in the U.S. The session gathered lawmakers, sports officials, and public health advocates to discuss issues surrounding the industry’s rapid growth and its social implications.
Entain Plc has been investigated in Australia along with Ladbrokes and NEDs for “serious and systemic failures to comply” with anti-money laundering and counter-terrorist financing (AML/CTF) laws. While DraftKings is facing a class action lawsuit in a New York district court over alleged unfair and deceptive marketing practices regarding its deposit bonus promotions.
Amid ongoing political instability in the French market, PokerStars and Club Barrière announced the cancellation of the 2025 European Poker Tour (EPT) in Paris, which was originally scheduled for February next year. Additionally, Virtual Gaming World’s (VGW) Global Poker brand plans to close operations in Nevada.
Wynn Macau Ltd has signed new intellectual property licensing agreements with its parent company Wynn Resorts Ltd. The company will pay up to $150 million for the use of the intellectual property over a 12-month period ending December 31, 2025.
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