SBC Eurasia Weekly Digest: October 7 — 15, 2024

SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.

In only its second year, SBC Summit Rio will return in 2025 with a bold move to Riocentro, the largest convention center in Latin America, a testament to its phenomenal debut last March. The 2025 edition of the event is projected to attract 15,000 attendees, including 6,000 operators and 1,500 affiliates, highlighting its swift emergence as the go-to event for industry professionals eager to explore the vast opportunities within the Brazilian gambling market. The event Scheduled for February 25-27, 2025. 

Additionally, analyzing the recent SBC Summit in Lisbon, it is evident that the conference addressed key issues for the industry, including the potential involvement of bookmakers in the Olympics through the use of various niche sports.

Georgian casino operator Aviator has expanded its copyright campaign against Spribe by making an appeal to the European Union Intellectual Property Office (EUIPO).

Parimatch has announced the appointment of Luís Fabiano, former forward of São Paulo FC and the Brazilian National Team, as its new brand ambassador. While Betsson and AEK Basketball Club have extended their agreement for another season.

Virgin Bet has extended its sponsorship deal with the Jockey Club, continuing as title sponsor of a series of races across a number of UK racecourses. While casino slots and betting brand GG.BET hosted a CS2 esports exhibition event between NAVI and Team Vitality, amassing over 300,000 live streaming views.

The International Cricket Council (ICC) has suspended Praveen Jayawickrama from playing for one year for breaching the Anti-Corruption Code. While West Ham midfielder Lucas Paqueta has been charged with two more charges for obstructing the FA’s betting investigation against him.

Norsk Tipping has been fined NOK 4.5m (approximately €383,000) by the Norwegian gambling and foundation authority Lotteritilsynet for a payout error which resulted in a player being paid NOK 25m (approximately €2.13m).

DCMS has revised its economic estimates, measuring the economic contribution and productivity of the UK Gambling sector.

The French government’s recent tax increase is set to raise the burden on the “most heavily taxed sector” in Europe, according to the casino industry association. The move will also affect online operators’ marketing expenses. While the Canadian province of Alberta is postponing the launch of its regulated iGaming market. 

Academics, industry leaders and government officials gathered for the event “Korean-style integrated resorts and future strategic directions.” The event, organized by the Korean Times Global Business Club, focused on the sustainable development of integrated resorts in the region and possible ways to support the growth of the industry.

Genius Sports has announced the appointment of Robert J. Bach as an independent director. While the board of directors of OPAP SA has launched a search for a new chairman following the immediate exit of Kamil Ziegler.

The Michigan Gaming Control Board (MGCB) announced it has sent a cease-and-desist letter to Papaya Gaming. While Holland Casino announced its intention to close its Zandvoort branch in February next year, citing changes in customer behavior and unfavorable market conditions.

Wynn Resorts has announced it has been awarded a commercial gaming operator licence in the United Arab Emirates. Additionally, Wynn Resorts has presented financial forecasts for its upcoming Wynn Al Marjan Island resort in Ras Al Khaimah (RAK), where gross gaming revenue is expected to reach up to $1.66 billion.

Groupe Française des Jeux (FDJ) has finalized a deal to acquire Kindred Group for approximately €2.5 billion ($2.65 billion), which, according to the company, creates a “European champion” in the gambling industry. While Gentoo Media has announced the rebranding of its GiG Comply platform, which will now be known as Sitebee.

bet365 has announced its official launch in Peru, continuing its expansion into new markets in South America. While Caesars Entertainment has launched a new gaming platform called Horseshoe Online Casino.

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