{"id":8560,"date":"2025-02-24T06:23:14","date_gmt":"2025-02-24T06:23:14","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=8560"},"modified":"2025-02-24T06:23:20","modified_gmt":"2025-02-24T06:23:20","slug":"sbc-eurasia-weekly-digest-february-17-24-2025","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/02\/24\/sbc-eurasia-weekly-digest-february-17-24-2025\/","title":{"rendered":"SBC Eurasia Weekly Digest: February 17 \u2014 24, 2025"},"content":{"rendered":"\n

SBC Eurasia <\/strong>Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week.<\/p>\n\n\n\n

Dmitry Belianin<\/strong>\u2019s journey through the iGaming industry is a testament to the power of passion, risk-taking, and relentless ambition. Belianin answered<\/a> SBC Eurasia\u2019s 10 questions and reflected on his career\u2019s defining moments, challenges, and lessons.<\/p>\n\n\n\n

After a decade-long ban, Kyrgyzstan<\/strong> legalized gambling for foreigners in 2022, expecting significant growth in state revenues. 4H Agency<\/strong> provides <\/a>a brief overview of the current gambling legislation in Kyrgyzstan, shares the latest updates, and offers perspective on the industry\u2019s future development.<\/p>\n\n\n\n

SBC Summit Rio<\/strong> returns <\/a>next week for its second edition, now hosted at Riocentro, the largest exhibition space in Latin America. While SBC Summit Malta<\/strong> is expanding <\/a>its educational programme to include in-depth explorations of sports betting, payments, and other key topics, ensuring a comprehensive reflection of the challenges and opportunities shaping the European betting and gaming industry.<\/p>\n\n\n\n

The European Gaming and Betting Association (EGBA) <\/strong>has responded positively<\/a> to the EU Committee for Standardisation\u2018s (CEN)<\/strong> draft on a common gambling harm markers framework. While a report from the International Betting Integrity Association (IBIA) <\/strong>has shown<\/a> that the organisation received 219 alerts of suspicious betting activity in 2024.<\/p>\n\n\n\n

The European Commission (EC) <\/strong>has received<\/a> a proposal for new \u201crequirements for remote gambling platforms\u201d submitted by the government of the Republic of Lithuania<\/strong>. While Bosnia and Herzegovina<\/strong>\u2019s legislative system faces <\/a>a critical challenge in modernising its gambling laws. <\/p>\n\n\n\n

With the first mandate of Bulgaria<\/strong>\u2019s newly elected coalition government having to take on the challenges left by years of political instability, one priority has taken centre stage on the agenda \u2014 the fight against<\/a> illegal gambling.<\/p>\n\n\n\n

Spillemyndigheden<\/strong>, Denmark\u2019s Gambling Authority, has published<\/a> its market statistics for Danish gambling in 2024.<\/p>\n\n\n\n

3 Oaks Gaming<\/strong> has announced<\/a> a significant expansion of its presence in the Georgian market through a partnership with CrystalBet,<\/strong> a subsidiary of Entain. While QTech Games<\/strong>, a leader in game distribution across emerging markets, continues to strengthen <\/a>its position in the premium segment with a new partnership with corporate solutions provider Upgaming<\/strong>.<\/p>\n\n\n\n

Chinese President Xi Jinping<\/strong> raised the issue<\/a> of her government\u2019s plans to legalize casino gambling at a bilateral meeting with Thai Prime Minister Patongtarn Shinawatra<\/strong>. Additionally, the Thai government continues to adjust<\/a> its plans for land-based casinos.<\/p>\n\n\n\n

The Indonesian Ministry of Communication and Digital Affairs<\/strong> has announced<\/a> the imminent implementation of new regulations governing online gambling. While a new bill introduced to the Australian Parliament <\/strong>aims to force<\/a> online gambling companies to clearly display users\u2019 losses on their betting apps and websites.<\/p>\n\n\n\n

Entain Plc <\/strong>has made further changes<\/a> to its board of directors, following this week\u2019s announcement that Gavin Isaacs<\/strong> has resigned with immediate effect as CEO of the FTSE-listed gambling group. Additionally, the fallout from Entain\u2019s \u00a3600m ($765m) settlement with HMRC<\/strong> over a bribery case related to the company\u2019s former Turkish business has escalated <\/a>due to a legal action filed by former executives.<\/p>\n\n\n\n

A decline in VIP gaming at the company\u2019s Philippine integrated resort Okada Manila<\/strong> and a sharp drop in domestic sales of pachislot and pachinko machines have pushed <\/a>Japanese gaming company Universal Entertainment Corp (UEC)<\/strong> to a loss of 15.6 billion yen (US$102.5 million) for 2024. A year earlier, the company reported a net profit of 28.4 billion yen (US$186.5 million).<\/p>\n\n\n\n

North Star Network (NSN) <\/strong>has announced<\/a> its acquisition of the fair-play online gambling portal Bojoko (Bojoko.com)<\/strong>. While Saudi Arabian firm SURJ Sports Investment <\/strong>has agreed<\/a> to buy a minority stake in DAZN<\/strong>.<\/p>\n\n\n\n

The Star Entertainment Group<\/strong> has stated<\/a> that it is considering a debt financing proposal from funds associated with Oaktree Capital Management<\/strong>. The Oaktree proposal includes a commitment letter and term sheet setting out the terms upon which the global asset management firm would be willing to provide AU$650m in two debt facilities with a five-year term. <\/p>\n\n\n\n

The world\u2019s largest sweepstakes casino operator Virtual Gaming Worlds (VGW) <\/strong>has announced<\/a> the raising of its minimum playing age from 18 to 21 marking a significant shift in the industry.<\/p>\n\n\n\n

1xBet<\/strong> has become <\/a>the exclusive betting partner of PGL <\/strong>for Counter-Strike 2<\/strong> and Dota 2<\/strong>. The Cypriot company, which signed an agreement until the end of 2026, has also received the rights to broadcast the matches, which will allow it to broadcast the games on its own platform.<\/p>\n\n\n\n

Don\u2019t forget to subscribe to our Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

SBC Eurasia Editorial Team is happy to present a quick recap of the gambling industry events, news, regulations and partnerships that happened last week. Dmitry Belianin\u2019s journey through the iGaming industry is a testament to the power of passion, risk-taking, and relentless ambition. Belianin answered SBC Eurasia\u2019s 10 questions and reflected on his career\u2019s defining […]<\/p>\n","protected":false},"author":10,"featured_media":8474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[9,5,1,564,10],"tags":[141,1003,663,11568,11528,1676,682,11585,924,324,3202,11567,11601,11426,11524,11549,2662,11157,5203,7334,11575,11563,2999,9546,11523],"class_list":["post-8560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digest","category-gambling","category-news","category-slider","category-weekly-digest","tag-1xbet","tag-3-oaks-gaming","tag-4h-agency","tag-bojoko","tag-cen","tag-crystalbet","tag-dazn","tag-dmitry-belianin","tag-egba","tag-entain","tag-ibia","tag-north-star-network","tag-oaktree-capital-management","tag-okada-manila","tag-patongtarn-shinawatra","tag-pgl","tag-qtech-games","tag-sbc-summit-malta","tag-sbc-summit-rio","tag-spillemyndigheden","tag-surj-sports-investment","tag-universal-entertainment-corp","tag-upgaming","tag-virtual-gaming-worlds","tag-xi-jinping"],"yoast_head":"\nSBC Eurasia Weekly Digest: February 17 \u2014 24, 2025 - 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