Gamban Excluded from Gambling Harms Funding by OHID iGame

Gamban Excluded from Gambling Harms Funding by OHID

(AsiaGameHub) - The ongoing dispute concerning the implementation of the new statutory levy for gambling harms has intensified, following confirmation from Gamban that it will not receive funding. Gamban, formerly supported by GambleAware, expressed disapproval of OHID's choice to exclude it from the new funding mechanism because of its status as a limited company. Gamban is widely acknowledged as the most effective software for blocking access to gambling platforms and content on all devices. When the shift to the new levy system was confirmed last year, GambleAware declared its intention to stop operating, highlighting the profound nature of this change, given that GambleAware had previously overseen gambling harm treatment programs. Gamban announced that OHID's decision means it can no longer offer its service for free; it will now cost £4.99 monthly or £29.99 annually. Before this, Gamban was available at no cost following a referral from TalkBanStop or certain other referral pathways. The organization criticized OHID's process, asserting that its status as a limited company “was not a justifiable reason to exclude the most effective gambling blocking software from the commissioning process,” and disclosed that it has had to take measures to uphold the service quality its users depend on. Matt Zarb-Cousin, co-founder of Gamban, who had previously advocated for the new levy system expecting it to boost funding for high-quality services, characterized the criteria OHID adopted as ‘perplexing’ and expressed doubts about whether the new system would lead to service improvements. ‘An inevitable outcome’ Mark Conway of Consultancy for Gambling Harms echoed the criticism of the OHID process, calling it a ‘sad inevitable outcome’ stemming from the commissioning approach used for dividing VCSE and LA/NHS Levy funding. He further noted his belief that Gamban's commercial nature would have presented challenges for commissioners even under the previous RET system, and he lamented the insufficient adaptations made during the process, considering Gamban's significance to the industry. Conway, commenting on LinkedIn, attributed the core problem to inadequate preparation or a thorough grasp of the prior gambling harms sector during the shift to Levy funding. Conway characterized it as ‘a rushed transition lacking a genuine continuity plan – merely competitive bidding divided across different service provision categories.’ The Gambling Lived Experience Network (GLEN) also condemned the restrictive nature of the approach and the ‘mismanagement of the levy process,’ labeling it ‘a stark illustration of the consequences when established system experts and stakeholders are left out of strategic planning and decision-making.’ GLEN explained that Gamban finds itself in a predicament similar to when over 10,000 users of the GambleAware App abruptly lost support because OHID opted not to continue backing that particular tool. GLEN further stated: “Our current predicament stems from inadequate planning… and ill-timed circumstances where the most crucial transformation in addressing Gambling Harms in this nation was unexpectedly assigned to State bodies that neither requested, desired, nor possessed the necessary expertise or capability to manage them.” OHID's lack of collaborative effort also drew criticism from other segments of the industry. Jordan Lea, founder of Deal Me Out, disclosed that his group withdrew from the OHID process early on, and he denounced the new process, voicing concerns about the rapid move towards a more assertive and uncompromising public health approach. During his address at the Illegal Gambling Prevention Summit earlier this month, he expressed regret that his initial apprehensions regarding the new process were materializing, leading to substantial job losses and the closure of numerous vital charities. This encompassed GambleAware's exit, which Lea believed was a primary objective for many advocates at the start of the process, driven by a desire to eliminate entities with any past industry funding. Escalating concerns Organizations, including GambleAware, have consistently cautioned that the new funding structure could jeopardize the standard of care for users as treatment becomes fragmented across the UK – a situation highlighted by Gamban's free availability in Wales versus its status in England and Scotland. GambleAware's legacy report, published prior to its cessation of operations today (March 31), declared: “As the system undergoes transition, worries are mounting regarding the potential loss of institutional expertise and advancements within the sector. Concurrently, there is apprehension that disparities in local capabilities might lead to variations in service quality across different areas. Without intentional intervention, these hazards could undermine progress achieved in prevention, early intervention, and fairness of response.” Acknowledging the growing difficulties associated with the new levy's implementation, the UK Government last week introduced the Gambling Levy Transition Fund (GLTF), offering an additional three months of funding to organizations that did not secure initial funding. The Department for Culture, Media and Sport recognized the 'transformative change' ushered in by the funding shift and stated that the GLTF was established to 'guarantee the uninterrupted provision of gambling harm prevention and treatment services in England.' This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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José Mourinho becomes GR8 Tech’s new brand ambassador iGame

José Mourinho becomes GR8 Tech’s new brand ambassador

(AsiaGameHub) - GR8 Tech has revealed that football icon José Mourinho, widely known as "The Special One," has signed on as the latest brand ambassador for the iGaming technology provider. Mourinho joins the company’s "Champions Club," a proprietary initiative that utilizes high-profile sports figures, such as Oleksandr Usyk, to promote the firm’s comprehensive suite of iGaming solutions. This portfolio features the Hyper Turnkey platform, the ULT8 sportsbook, the Crypto Turnkey platform, the Infinite Casino Aggregation tool, and the ACCELER8 affiliate platform. GR8 Tech asserts that when these tools are combined, they deliver a standard of performance comparable to a champion. “Championship is not a fleeting moment. It is a method—one that is evident in training, in data, and in decisions made during calm periods that prove their worth under pressure,” the company noted. GR8 Tech maintains that Mourinho is an ideal embodiment of this philosophy, citing his illustrious coaching career, which has been defined by “discipline, tactical excellence, and relentless preparation.” Oleksandr Feshchenko, CEO of GR8 Tech, commented: “José Mourinho embodies the mindset we champion: success is crafted long before the final outcome. In the iGaming sector, much like in football, victory is the result of structure, preparation, and the capacity to perform under pressure.” With Mourinho leading its promotional efforts, the company expects to more effectively communicate its commitment to a results-oriented B2B strategy—a focus that has earned the firm multiple industry accolades, including the Platform Provider of the Year award at the 2025 SBC Awards. This partnership marks the beginning of a broader campaign for GR8 Tech, with several Champions Club activations planned for the coming months to showcase the standards that top-tier iGaming operators should aim to reach. Mourinho remarked: “I have collaborated with numerous organizations throughout my career. The factor that distinguishes consistent winners is never just talent—it is culture. It is the conviction that preparation is mandatory. I identified that quality in GR8 Tech right away.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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NICC Prolongs Licence Suspension of The Star Sydney iGame

NICC Prolongs Licence Suspension of The Star Sydney

(AsiaGameHub) - The New South Wales Independent Casino Commission (NICC) has once more extended the license suspension for The Star Entertainment Group’s Sydney-based casino. On March 12, the NICC received a pathway-to-suitability submission from The Star Sydney, where the operator restated its January communication indicating it would not pursue a license determination during this month. The Star Sydney has been under suspension for more than three years, as the operator was deemed no longer fit to hold a casino license following two NICC-ordered reviews by Adam Bell SC (in October 2022 and August 2024) that uncovered multiple regulatory breaches. In deciding on the initial suspension, the NICC considered the potential for the casino to meet the commission’s requirements through proper corrective measures, so it did not revoke the property’s license entirely. Nicolas Weeks was named manager of The Star Sydney to enable gaming activities to keep running at the venue. This latest extension ensures the casino’s license suspension stays in effect, and Weeks’ role has been prolonged until September 30, 2026—unless the appointment is ended before that time. In a regulatory update to its investors, The Star mentioned that the suspension extension pertains to ‘the current term of the appointments of the Special Manager to The Star Gold Coast and the External Advisor for The Star Brisbane’. NICC Chief Commissioner Philip Crawford has commended The Star’s new leadership team, saying: “The new owners are implementing major changes to the way the business operates, and these are being closely monitored by the NICC. “This includes efforts to enhance the business’s long-term financial sustainability, which will help them prove their suitability. We will keep collaborating with The Star on their key remediation tasks so the casino can address the critical issues highlighted in the two Bell investigations.” WhiteHawk swoops in Earlier this week, The Star advanced its debt refinancing process with WhiteHawk Capital Partners by submitting its commitment letter on schedule, progressing toward refinancing its current debt “in full and securing incremental liquidity to maintain enough cash flow for day-to-day operations”. To prevent default, The Star must finalize the refinancing by May 15, 2026. However, the operator has had a tentative agreement with WhiteHawk since February and has been evaluating its resource structure and strategic direction. This agreement comes after The Star released its H1 FY26 results earlier this month, where it expressed positivity despite a turbulent end to 2025—ending with normalized net revenue of A$585 million (compared to A$650 million in H1 FY25) and a substantial net loss of over A$75 million.This was also the first reporting period under the new management team, which followed the completion of a A$300 million strategic investment by Bally’s Corporation and Investment Holdings late last year. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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SBC Summit Americas to address North American regulatory pressures iGame

SBC Summit Americas to address North American regulatory pressures

(AsiaGameHub) - As regulation continues to shape how gaming companies expand and operate, SBC Summit Americas will launch a dedicated North American Regulation and Compliance track to help industry stakeholders navigate the latest regional developments. Held on Thursday, June 11, this specialized program will gather leading operators, regulators, and compliance experts to examine the regulatory pressures and compliance challenges currently facing the North American gaming industry. Upcoming sessions will cover the growth of unregulated gaming formats, the balance between technological innovation and regulatory responsibility, and how operators are adjusting to newly implemented state regulations. “For too long, the industry has approached regulation and compliance from the wrong perspective,” said Rasmus Sojmark, Founder and CEO of SBC. “It should not be viewed as an afterthought or a restrictive barrier, but rather the top priority for any meaningful growth, whether that growth comes from market expansion or product integration. These sessions will show stakeholders how they can actually leverage regulation and compliance to their advantage.” The panel ‘Regulators Rising: How Oversight Is Shaping North American Gaming’ will examine how operators make critical decisions in an increasingly regulated industry environment. Speakers Will Griffiths (CEO, Level Media), Lee Terfloth (Chief Interactive Officer, Gaming, Delaware North), and Dawn H Himel (Director, Louisiana Department of Justice) will share insights on how businesses are adapting to changing state regulations and iGaming frameworks, and what the rise of formats like prediction markets means for product strategy and risk management. The discussion will also explore how compliance teams balance commercial goals with regulatory demands, and what it takes to stay competitive as regulatory scrutiny intensifies. The session ‘Innovation vs Regulation:Finding CommonGround in Prediction Markets and Emerging Formats’ will help operators strike a balance between regulatory responsibility and player engagement. Experts Martin Lycka (Vice President Institutional Affairs, Oddin.gg), Matt Kane (Head of Legal, Betr), Joe Brennan (Co-Founder, Prime Sports), and Evan Davis (Managing Director, Head of Gaming Investment Banking, Jefferies LLC) will analyze the legal and ethical uncertainty surrounding emerging gaming formats, and outline how operators can develop engaging products while meeting evolving regulatory expectations. Focused on enforcement trends across the United States, the panel ‘Crackdown on Unregulated Gaming: Where States Draw the Line’ will center on how regulators and state authorities are responding to the growing presence of offshore betting sites and sweepstakes casinos. Legal specialists Jon Ford (Former Senator, Indiana State), Carl Herold (Director of Law Enforcement, Florida Gaming Control Commission), and George Rover (Managing Partner, Princeton Global Strategies) will discuss how states are defining illegal gaming, coordinating enforcement strategies, and what these developments mean for licensed operators working to maintain compliance. Beyond this dedicated track, compliance and regulation remain a core theme across the full conference agenda, shaping discussions around payments, emerging technologies, and new verticals such as prediction markets. From evolving crypto regulatory frameworks and payment innovation to the legal boundaries of event-based wagering, regulatory considerations are influencing how operators invest, build, and scale their operations. By bringing all these conversations together under one roof, SBC Summit Americas offers stakeholders a comprehensive overview of how regulation is redefining the North American gaming landscape and what it takes to stay ahead in an increasingly complex market. SBC Summit Americas will gather 10,000 industry stakeholders at the Broward County Convention Center in Fort Lauderdale from June 9-11. Get Your Ticket to SBC Summit Americas: VIP Pass – Our VIP Passes are available for just $700. Pass holders get access to the full conference agenda, show floor, complimentary food at our Food Festival and all our evening networking events! Expo+ Pass: Includes access to the expo floor and all conference sessions (does not include access to evening networking events). Get Your Expo+ Pass at $95. Operator & Affiliate Passes: Operators and affiliates can apply for complimentary passes for SBC Summit Americas, subject to approval. Apply for Your Complimentary Operator Pass | Apply for Your Complimentary Affiliate Pass. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Swedish Gambling Data Challenges Liberalization Assumptions iGame

Swedish Gambling Data Challenges Liberalization Assumptions

(AsiaGameHub) - Swedish gambling industry stakeholders are being encouraged to adopt more evidence-based strategies to address problem gambling, as recent analysis underscores the intricate risk profiles that influence player habits. Collaboration between regulators, operators, and public health authorities is deemed essential to safeguard Sweden’s stable problem gambling statistics against both existing and emerging challenges. These insights stem from a report commissioned by BOS, the Swedish Online Gambling Trade Association, and authored by economist Ola Nevander of Makrologik. Spanning 25 years of data, Nevander’s study, titled “The Development of Problem Gambling in Sweden,” offers a long-term perspective on the evolution of gambling addiction while questioning common beliefs regarding how market growth, regulatory shifts, and increased accessibility influence these rates. Regarding prevalence, the study reveals that problem gambling in Sweden has decreased and leveled off over the last two decades, despite market liberalization and total gambling expenditure reaching approximately SEK 28bn (€2.8bn) by 2024. The percentage of problem gamblers has dropped from over 2% in the late 2000s to roughly 1.3% today—a statistically significant decline at the population level. Notably, the transition to a licensed online framework post-2018, which currently supports about 60 B2C operators, has been a key development. Despite these structural changes, Sweden has maintained a problem gambling rate of about 1.3%, keeping it below that of comparable Nordic nations, though international comparisons are often complicated by differing methodologies. Economist Nevander remarked on the findings: “The result is a consistent downward trend. This outcome may be unexpected, given the dynamic evolution of the gambling sector during this timeframe. Gambling marketing is more widespread than before, the variety of products is significantly larger, and games are accessible 24/7 via mobile devices. Nevertheless, gambling addiction is on the decline.” Crucially, the report disputes the idea that increased availability, advertising, and product innovation are the primary drivers of problem gambling. During the same period that digital access became nearly universal, product offerings grew substantially, and marketing reached record levels, yet the prevalence of problem gambling fell rather than rose. Instead, the research points to a more complex interplay of societal and behavioral risk factors. Problem gambling is more closely associated with individual vulnerabilities—such as mental health issues like depression and impulsivity, risky alcohol use, significant life stressors, and behaviors like chasing losses. These factors suggest that harm is concentrated within specific high-risk groups rather than spread evenly across the general population. The report further notes an ‘absolute decline’ in the number of Swedish problem gamblers, which has dropped by 57,000 since 2008, while the broader category of ‘at-risk’ players has decreased by 200,000 since 2018. Emphasis is instead placed on the structural importance of regulation. Sweden’s 2019 licensing system facilitates duty-of-care requirements, self-exclusion tools, and data-driven monitoring of player behavior within the regulated sector—mechanisms considered vital for early risk detection and intervention. However, these protections are only effective within the licensed sphere. Channeling players toward regulated operators remains vital, as migration to unlicensed or offshore platforms undermines oversight and eliminates access to support tools. Evidence indicates that a notable number of self-excluded individuals continue to gamble on unregulated sites, representing a significant vulnerability in the current system. BOS Secretary General Gustaf Hoffstedt stated that the findings highlight the potential for technology and regulation to further mitigate harm: “With the shift from traditional, anonymous kiosk gambling to today’s digital products, we haven't completely solved the issue of gambling addiction, but we appear to be on the right path.” “When utilized correctly and responsibly, online gambling and AI provide us with new tools to reduce problem gambling to levels likely lower than ever before. We are heading in the right direction, but there is still much to be done.” Ultimately, the report reinforces a core conclusion: problem gambling is not merely a byproduct of market size or accessibility, but the result of an interaction between individual vulnerability, behavioral patterns, and institutional frameworks. For Swedish stakeholders, the goal is not to impose total market restrictions, but to ensure that regulation promotes high channelization, effective oversight, and targeted interventions for those most at risk. In this light, Sweden serves as a case study in regulatory balance—where market liberalization has occurred alongside stable or decreasing harm—though maintaining this equilibrium will require ongoing cooperation as new risks arise. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Kambi Bolsters Its French Market Footprint With PMU iGame

Kambi Bolsters Its French Market Footprint With PMU

(AsiaGameHub) - Sportsbook provider Kambi has made headway in the French market through a new collaboration with local operator Pari-Mutuel Urbain (PMU). In particular, Kambi will cater to French racing enthusiasts by utilizing PMU’s well-established user base and standing as one of the longest-running horse racing betting operators to power PMU’s fixed-odds online sportsbook. Although Kambi has been working with FDJ United since November 2025 to provide its Odds Feed+ product while FDJ United shifts to its own in-house end-to-end system, the company had not previously operated in France—meaning this partnership with PMU marks its debut in the market. “PMU is a powerhouse brand in European sports betting and the ideal partner for Kambi’s entry into France,” said Werner Becher, Kambi Group Chief Executive Officer. “Our Turnkey Sportsbook is purpose-built to help operators win in competitive and regulated markets, and we’re proud to bring our full breadth of technology and trading to the iconic PMU brand as we look to set a new benchmark for sports betting in France.” PMU aims to bolster its standing in France by rolling out Kambi’s Turnkey Sportsbook solution, which adds integrated AI-driven pricing, trading, and risk management features. These are complemented by Kambi’s exclusive high-tech platform and user experience (UX) equipped with cutting-edge innovations. Designed specifically for PMU’s users, Kambi will develop a custom front-end interface that effectively showcases the operator’s brand identity, helping PMU stand out from local competitors and maximize its customer retention potential. Olivier Pribile, PMU Chief Marketing, Product and e-Commerce Officer, added: “The partnership with Kambi is an important strategic step in PMU’s evolution as one of the leading sports betting operators in France. “Kambi’s turnkey sports betting solution will enable us to offer a betting experience that meets the highest market standards to our online customers. This is the first step in a major transformation of our multi-game offering that will take place soon and will allow PMU® to reposition itself as a leader in online gaming.” This collaboration is the most recent announcement from Kambi, indicating that the company is seeking to resume growth following a period of stagnation in 2025, as reflected in its latest financial reports. Having experienced an 8.2% year-over-year revenue decrease—falling from €176.4 million (£151.1 million) to €162 million—and a drop in full-year profit from €18.8 million to €8.1 million, these partnerships are set to be crucial for Kambi’s recovery efforts in 2026. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Illicit UK assets linked to a Chinese fugitive facing international scrutiny iGame

Illicit UK assets linked to a Chinese fugitive facing international scrutiny

(AsiaGameHub) - The UK Crown Prosecution Service (CPS) has utilized Unexplained Wealth Orders and Interim Freezing Orders to freeze the assets of a wanted Chinese national, who allegedly has connections to an illegal gambling network operating across China. Previously identified only as Mr X, the fugitive at the center of the asset freeze has been revealed by the OCRP and The Times as Su Jiangbo, a Chinese national facing significant allegations regarding his involvement with illegal casinos. While UK authorities have not yet confirmed any charges, 85 luxury London properties associated with Jiangbo have been frozen. To acquire these London properties, Jiangbo used a golden passport from St Kitts and Nevis, highlighting a potential vulnerability in the UK's anti-money laundering defenses. However, the UK has implemented an Unexplained Wealth Order (UWO), requiring Jiangbo to account for the source of funds that facilitated extensive spending, including the purchase of numerous properties in the UK capital. Jiangbo's alleged ties to an illegal casino network are a significant concern, with Chinese officials accusing him of conducting illegal cross-border online operations targeting the country's citizens. Furthermore, the extent of Jiangbo's spending underscores the scale of the global unlicensed market that allegedly enabled him to amass such wealth. The substantial demand for gambling in Mainland China, where it remains largely prohibited, has fueled the growth of the illicit market, often operating from bases in Cambodia, the Philippines, or Singapore. The consultancy firm IMARC Group estimated that China's online gambling market was valued at $11.4 billion in 2024, with projections indicating a rise to $19.8 billion by 2033. Efforts to curb casino centers in Cambodia have continued this year, with enforcement actions in the country highlighting the widespread operations that continue to affect Southeast Asia. Crackdowns in Cambodia According to reports earlier this year, approximately 190 scam centers were shut down following a series of actions by Cambodian officials, leading to the arrest of 173 senior crime figures. Cambodia also recently revoked the citizenship of and extradited Chen Zhi, a Chinese-born business tycoon accused of operating a major illegal gambling network. Zhi's methods, in some respects, are similar to the accusations against Jiangbo, as Zhi also acquired property in London. However, Zhi's portfolio appeared to be more diversified, as he was the Founder of Prince Holding Group, a multi-billion-pound conglomerate based in Cambodia. The group was accused by UK and US authorities of establishing casinos and compounds to facilitate lucrative scams. A statement from Cambodia’s Interior Ministry stated: “Within the scope of cooperation in combating transnational crime and pursuant to a request from the relevant authorities of the People’s Republic of China, the authorities of the Kingdom of Cambodia have arrested three Chinese nationals – Chen Zhi, Xu Ji Liang and Shao Ji Hui and extradited to the People’s Republic of China.” It was also alleged that Zhi used offshore companies to secure property investments in the UK's capital. While Jiangbo was directly linked to London property, Zhi, through his network of companies, also faced significant asset freezes from the UK government. UK and US authorities jointly accused Zhi of engaging in "industrial scale" fraud, seizing 127,271 bitcoins, valued at approximately $15 billion, and freezing assets connected to the Prince group. UK Foreign Secretary Yvette Cooper stated when the sanctions were announced: “Together with our US allies, we are taking decisive action to combat the growing transnational threat posed by this network – upholding human rights, protecting British nationals and keeping dirty money off our streets.” Ensuring Macau's Prosperity With Chinese nationals being the target for many unlicensed operators in Southeast Asia, securing a thriving market in Macau is still considered a strategy to counter illicit actors. In recent times, the Chinese government has also supported efforts to maintain the stability of Macau’s gambling sector and encourage the retention of VIP players in the region. A notable development saw Macau adopt a more relaxed approach to currency exchange within its venues, moving away from stringent regulations. Now, Galaxy Entertainment Group, Melco Resorts & Entertainment, and SJM Holdings can all offer currency exchanges as a result of the recently implemented changes. This is part of a broader governmental initiative to centralize control and ensure compliance within the casino sector, thereby increasing the industry's regulatory stability. iGaming Expert Analysis: This story should have significant implications across various sectors, as London's property market appears to continue being a target for individuals acquiring illicit funds through gambling. The concerns regarding the Southeast Asian market should also be considerable, given the undeniable scale of these operations and the wealth generated from them. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Who Will Finance Codere’s $2bn Acquisition? iGame

Who Will Finance Codere’s $2bn Acquisition?

(AsiaGameHub) - Rumors have been swirling throughout Spain and Latin America ever since news broke last week that Grupo Codere has brought on advisors to oversee a $2.3bn (£1.7bn) sale process. While the asset is appealing thanks to the company’s presence across markets including Spain, Mexico and Argentina, plus its fast-growing online segment, recent financial struggles and broader global uncertainty have sparked questions over who has the capital on hand to meet the steep asking price. Codere is currently owned by roughly 84 investment funds, after a 2024 debt-for-equity agreement cut the company’s net debt from €1.4bn (£1.2bn) down to €190m (£165m), and Ted Menmuir, SBC’s Editor-at-Large, suggested the $2bn figure is a way to ‘primarily reward bondholders’. During an appearance on the iGaming Daily podcast, he said: ‘It seems clear that the narrative being pushed here is that whoever buys this company will secure the second largest gambling brand in Spain with both retail and online operations. They will also gain a foothold in the markets of Mexico, Uruguay, Argentina and Colombia. ‘However, I believe it is important to take Codere’s track record into account. This is a company that carried €2bn of debt for the last decade. It only just recently completed its capital renegotiation with bondholders, which reduced that debt by 95%, so there is still no clear consensus on what Codere has actually proven it can deliver.’ Lucia Gando, Editor of SBC Noticias, pointed to the 2018 purchase of CIRSA by Blackstone, the world’s largest private equity fund, as a template for the path the sale may take. Blackstone already holds a substantial gambling industry portfolio, and still retains a stake in CIRSA even after the company was listed on the Bolsa Madrid stock exchange in January 2025. The fund also acquired Crown Resorts in June 2022 and is the primary owner of casino properties in Las Vegas. Blackstone, or a comparable private equity fund, may view Codere as an attractive investment prospect and have the required capital to complete the purchase at the asking price set out by Codere. The other leading potential buyers are top multinational gambling groups in the sector, such as Flutter or Entain. However, Menmuir acknowledged that taking a chance on the Spanish and Latin American markets is a ‘risky bet to take on’ given ongoing uncertainty over the future regulatory trajectory of the respective regions. In Codere Online’s latest financial report, the operator posted year-on-year growth of 6% from €212m to €224m, but tempered any optimism around these results with a warning of higher tax costs in the coming years, with knock-on effects expected to hit Mexico and Colombia in particular. Meanwhile, similar planned tax increases across markets such as the UK and the Netherlands, alongside broader geopolitical tensions that are weighing on foreign currency values, are placing significant strain on the finances of the entire sector. For firms like Flutter and Entain, the opportunity to expand across Latin America and Spain is no doubt enticing; however, it remains unclear how much appetite such companies have for pursuing acquisition opportunities right now. Flutter’s recent M&A activity has focused on geographic expansion and cementing its market leadership, as demonstrated by its €2.3bn acquisition of Snaitech in Italy and its move to take full control of FanDuel – both deals completed in 2024. A potential deal for Codere would follow a similar formula to the strategy that has worked for Flutter in its recent expansions, as the group may be drawn to the Latin American growth opportunity. Entain has been far less active on the M&A front, making only low-profile investments in Polish firm STS Holding and US-based Angstrom Sports. ‘If you look at this from a high-level perspective, it is very obvious that you will need some form of private equity fund to step in. On the European side, Lottomatica is a company that has spoken of leading global expansion efforts, but I do not think they will have the appetite to take on a company that carries so many liabilities,’ concluded Menmuir, who added that any deal is likely to have a tiered structure, with stock-based compensation included as part of the payout terms. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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PAGCOR relaxes license fee timeline by delaying implementation iGame

PAGCOR relaxes license fee timeline by delaying implementation

(AsiaGameHub) - The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a memorandum delaying the rollout of the new monthly minimum guaranteed fee (MGF) for licensed online operators by two months, according to reports. As reported by Inside Asian Gaming, the Electronic Gaming Licensing Department at PAGCOR likely initiated this postponement due to the "current economic crisis." Consequently, the first tranche has been pushed from 1 April 2026 to 1 June 2026, while the second tranche has been moved from 1 October 2026 to 1 January 2027. Upon the implementation of the first tranche, operators providing electronic casino games to the Philippine iGaming sector will be required to pay a monthly MGF of Php 9m (roughly €129,200) if their monthly gross gaming revenue (GGR) reaches at least Php 30m (roughly €430,800). For those not offering online casino titles, a monthly MGF of Php 3m (roughly €43,080) will apply, provided they generate a minimum monthly GGR of Php 15m (roughly €215,400). Regarding the second tranche, suppliers of online casino games will face a monthly MGF of Php 10.5m (roughly €150,800) if their monthly GGR is at least Php 35m (roughly €502,600). Operators who do not provide online casino games will be subject to a monthly MGF of Php 4m (roughly €57,400) if their monthly GGR hits a minimum of Php 20m (roughly €287,300). Any operator found offering online casino games without proper declaration to PAGCOR will face administrative sanctions, which could include the suspension or revocation of their accreditation. Inside Asian Gaming also noted that the memorandum indicates PAGCOR will perform a thorough assessment of industry conditions to determine if further adjustments to the MGF are necessary to ensure the long-term viability of the sector. PAGCOR tightens regulatory screws While extending the MGF timeline, PAGCOR has recently intensified its regulatory oversight of the gambling industry, securing agreements with the Department of Justice (DOJ) and Gaming Laboratories International (GLI). A newly signed memorandum of agreement with the DOJ incorporates its personnel into PAGCOR’s list of individuals prohibited from entering casinos. According to the state-run Philippine News Agency, this marks the first such agreement between the regulatory body and the government agency. Justice Secretary Fredderick Vida stated: “This data-sharing initiative is both timely and necessary. By enabling a more efficient and accurate identification system, we strengthen enforcement mechanisms and ensure that policies are not only written but meaningfully implemented. “It allows PAGCOR to better regulate access to gaming revenues and empowers the DOJ to reinforce discipline within its ranks.” In other developments, GLI has become the first gaming testing firm to receive certification from PAGCOR, tasked with the testing and verification of iGaming platforms within the Philippine market. Alejandro Tengco, Chair and CEO of PAGCOR, remarked: “We are pleased to acknowledge GLI as the first testing and game certification provider to be accredited in the Philippines under this new framework. GLI is a global leader in regulatory advisory, iGaming and EGM testing/certification, and data security. “PAGCOR now requires all iGaming B2B suppliers operating in the Philippines to be accredited to ensure they comply with the rigorous requirements needed to protect iGaming players.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Third consecutive raid on Swiss house over illegal poker iGame

Third consecutive raid on Swiss house over illegal poker

(AsiaGameHub) - A residential property in Zürich has appeared repeatedly in local law enforcement records, as the address has been raided yet again over illegal gambling activities. In an official press release, the Swiss Federal Casino Commission (ESBK) issued a joint announcement alongside the Zürich Cantonal Police, confirming that a property raid had been conducted and arrests had been made in connection with unlicensed poker operations held at the site. Upon arriving on the scene, authorities discovered four illegal poker tables set up, leading to the confiscation of €7,590 (£6589) and CHF 1,850 (£1,790) in cash, bags holding gaming chips, assorted IT equipment, and numerous mobile phones. Altogether 23 people were present at the address when the raid was executed, with officials confirming that three individuals have been arrested on suspicion of organizing illegal gambling, one of whom is the manager of the bar that also operates out of the same property. Notably, this marks the third time this same address has been raided since 2023. The ESBK further stated that it has launched three separate criminal proceedings, accusing the suspects of violating gambling regulations under the Swiss Gambling Act, which could also lead to anti-money laundering charges being filed if the three are found guilty. A violation of the Gambling Act rules alone can carry a maximum prison sentence of five years, paired with significant financial penalties for both organizations and private individuals. SBC News readers may recall a similar case from December last year, when the ESBK and police carried out another successful illegal gambling raid targeting two addresses in Switzerland. During that earlier operation, confiscated items included CHF 10,000 (£9,300) in cash, one poker table, slot machines, and multiple electronic devices. Another suspected ringleader was taken into custody at the time, with CHF 10,000 found on his person, which prompted a search of his private residence as well. An additional 25 people were also detained for questioning. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Everton and Fulham speculation highlights evolving UK sponsorship landscape iGame

Everton and Fulham speculation highlights evolving UK sponsorship landscape

(AsiaGameHub) - The relationship between British sports and the betting sector is undergoing a transformation, yet there is also a feeling of continuity as certain clubs seek new sponsors and others maintain their existing strategies within a revised regulatory environment. It is common knowledge that front-of-shirt sponsorship deals in the Premier League will conclude after this season (2025/26). It is also widely known that alliances between clubs and unlicensed operators are under threat due to a Department of Culture, Media and Sport (DCMS) consultation that is scrutinising these arrangements. This context clarifies why Everton and Fulham are, as per media accounts, altering their approach. Everton is searching for a new front-of-shirt sponsor to replace Stake, its partner of several years, while Fulham is seeking a substitute for SBOTOP. Sky News reports that both clubs are in discussions with CMC Markets, a London-based financial services company that also operates a spread betting platform. The firm holds regulatory approval from both the Financial Conduct Authority (FCA) and the UK Gambling Commission (UKGC). Nevertheless, because its main business is financial services, it might be excluded from the Premier League's upcoming voluntary prohibition on front-of-shirt betting sponsorships, which is scheduled to begin from the 2026/27 season. A not-so-new era of sponsorship? Everton's partnership with Stake, a global cryptocurrency betting company that left the UK market in February 2024, began in 2022. Fulham, on the other hand, entered a partnership with SBOTOP, an Asian-focused betting firm owned by Celton Manx, in 2023; this operator also departed the UK in 2025 after the TGP Europe white label network exodus last April. This situation leaves Everton and Fulham in a distinctive spot, as both are currently allied with unlicensed firms. Such arrangements are still technically allowed, provided the operators do not target UK-based customers—a condition that partners like Chelsea's 8xbet have taken notable steps to demonstrate. However, the future of these deals is uncertain and hinges on the outcome of the ongoing DCMS consultation. SBC News has contacted both Everton and Fulham for a statement regarding the media speculation. The reported negotiations with CMC Markets indicate that Premier League clubs remain interested in some form of involvement with the betting industry, even after agreeing to a self-imposed ban. Campaigners for gambling reform have demanded a complete prohibition on all sponsorship during the 2020-2023 review of the 2005 Gambling Act. Yet, a debate has emerged about whether financial services, trading, and cryptocurrency companies could step in to provide an alternative source of revenue that would be lost under a gambling sponsorship ban—the rumoured talks between Everton, Fulham, and CMC lend credibility to this idea. Broadening the scope of sponsorships However, the voluntary front-of-shirt ban, as the name implies, applies to only one category of sponsorship. It continues to permit sleeve partnerships, perimeter LED advertising, training kit deals, and social media collaborations. Deals between English clubs and unlicensed operators have faced significant criticism lately. However, partnerships with regulated gambling companies remain widespread, with Aston Villa and Betano, and West Ham and BoyleSports serving as two examples. In the latter case, the partners have been exploring methods to extract more value from their relationship beyond a logo on a shirt. West Ham has been running a 'Shirt Swap' stall at select matches, allowing fans to obtain free 2025/26 home and away shirts. The stall is returning for the club's FA Cup quarter-final match against Leeds United this Sunday (5 April) at the London Stadium. Supporters must bring an old shirt to exchange for a new 2025/26 season shirt; the stall will be open from 2pm until 4:30pm when the game begins. “From the very start of the season, we’ve been focused on enhancing the supporter experience in meaningful ways,” said Liam McKee, Head of Sponsorship at BoyleSports. “After such a strong response earlier this season, bringing the ‘Shirt Swap’ market stall back felt like a natural next step. We’re hoping that the event brings supporters good luck in this huge cup tie.” The sponsorship landscape is unquestionably evolving, but the specific changes will vary from one club to another. Some will replace betting partners with companies from other sectors, potentially those adjacent to betting like CMC Markets, or even prediction platforms if they achieve in Europe the same success seen in the US. For other clubs, involvement with betting will persist, but within the limits set by the front-of-shirt ban, the Gambling Act review's sponsorship Code of Conduct, and a potential DCMS prohibition on deals with unlicensed firms. Most importantly, the pressure on marketing budgets resulting from the UK's new tax system—effective tomorrow, 1 April—will make it crucial for operators to guarantee that any football sponsorship delivers good value for money. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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PAGCOR Agrees with DOJ to Implement Enhanced Casino Restrictions iGame

PAGCOR Agrees with DOJ to Implement Enhanced Casino Restrictions

(AsiaGameHub) - The Philippine Amusement and Gaming Corporation (PAGCOR) has bolstered the nation's gambling integrity through a new memorandum of agreement with the government’s Department of Justice (DOJ). DOJ personnel will now be included on PAGCOR’s roster of individuals prohibited from entering casinos, marking the first such accord between the government agency and the state gaming regulatory body, as reported by the state-run Philippine News Agency. Out of an estimated 4.5 million government officials and employees, 600,000 are currently on the list of restricted individuals. PAGCOR Chair and Chief Executive Officer Alejandro Tengco formalized the agreement alongside Justice Secretary Fredderick Vida. Vida commented: “The presence of government officials and employees in gaming establishments, in contravention of existing laws and regulations, erodes the ethical standards we are committed to upholding.” Presidential Decree 1869 prohibits government officials and employees from engaging in gambling. The DOJ comprises approximately 60,000 employees across its central offices and affiliated agencies. PAGCOR has invalidated PHP310 million in winnings after verifying the identities and eligibility of players in regulated gaming venues, including Casino Filipino. Vida stated: “This data-sharing initiative is both opportune and essential. By facilitating a more efficient and accurate identification system, we enhance enforcement capabilities and ensure that policies are not merely documented but effectively implemented. “It enables PAGCOR to better manage access to gaming revenues and empowers the DOJ to enforce discipline within its ranks.” PAGCOR recently granted accreditation to Gaming Laboratories International (GLI) for iGaming testing and certification, preceding the mandate for industry suppliers to secure official accreditation to offer their products to operators nationwide, with a deadline of March 31. Upon announcing the agreement with GLI, Tengco underscored the necessity of a robustly regulated market to foster a ‘safer and more sustainable gaming industry for all participants’. He further elaborated: “Regulated gaming markets ensure a safer and more sustainable gaming industry for everyone to engage in. A regulated market facilitates adherence to responsible gaming standards and the generation of tax revenue for community reinvestment.” As the Philippine market continues its development under Tengco's leadership, addressing the grey market has been identified as crucial for the sustained stability and growth of the gaming sector. Keith McDonnell, Director of the KMI Group, recently shared with iGaming Expert: “I have been involved with the Philippines market since 2008, and since then, it has consistently been a hub for gaming in Southeast Asia. Regulations and the landscape have evolved.” Reflecting on the tightening regulations, he added: “Recent measures are intended to reinforce its long-standing position as a regional hub and ensure longevity, which would be more challenging under an unregulated framework, given the international obstacles that would entail.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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The Star secures key $550m refinancing agreement as it seeks a turnaround iGame

The Star secures key $550m refinancing agreement as it seeks a turnaround

(AsiaGameHub) - The Star Entertainment Group has finalized a binding commitment for approximately AU$550 million (£285 million) in refinancing as it pursues a business turnaround. The Australian casino operator has entered into a binding commitment letter with funds managed by WhiteHawk Capital Partners to restructure its existing debt and enhance short-term liquidity. This agreement, signed on Friday, follows the company's H1 FY26 results released recently and is designed to stabilize its financial standing while supporting ongoing operations. The proposed refinancing involves a three-year facility totaling around $550 million, intended to fully repay existing group debt and provide additional liquidity. A minimum liquidity level of $50 million is stipulated for the initial 12 months post-financial close, increasing to $75 million between 12 and 18 months, and $100 million thereafter. Additional covenants include a minimum asset coverage ratio from December 2026 and a minimum EBITDA threshold from March 2027, along with standard reporting requirements and default clauses. An interest reserve account covering the first 12 months of interest payments will also be established as part of the financing structure. The completion of the refinancing is contingent upon several conditions, including regulatory approvals and the finalization of detailed financing documentation. A crucial condition is the successful disposal of The Star's stake in the Destination Brisbane Consortium (DBC), which is a component of the broader restructuring plan. The Star aims to finalize the refinancing by May 15, 2026, in line with conditions set by its existing senior lenders in February for a waiver. The Star seeking a path to recovery This refinancing marks a significant step for The Star as it works to alleviate immediate financial pressures and ensure sufficient liquidity for continued operations. Despite reporting a loss of approximately $75 million for the year in its FY25 results, the business remains optimistic about its future prospects. Bruce Mathieson Jnr, who took over as Chief Executive Officer in December, has outlined plans to reassess the operator's resourcing structure and strategy, and has indicated that the corporate office is undergoing streamlining. Results from February revealed that the latter half of 2025, during which Bally’s Corporation acquired a majority 56.7% stake, generated net revenue of $585 million, a 10% decrease year-on-year. By securing additional funding and restructuring its debt, The Star is aiming to establish a more stable financial foundation as it proceeds with asset sales and operational adjustments. While the refinancing offers immediate support, its successful conclusion depends on meeting regulatory and transactional milestones in the coming weeks. The company has also faced challenges on the Australian Securities Exchange (ASX) this year, with its shares declining by nearly 30% in 2026 to $0.12. Regulatory scrutiny in Australia is also contributing to the current difficulties faced by The Star, adding to the pressures on the business. However, securing this funding could signal the beginning of a turnaround for the 15-year-old company, which has established itself as a significant player in the Australian market. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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US Gaming Industry Under Growing Scrutiny: Are Operators Prepared? iGame

US Gaming Industry Under Growing Scrutiny: Are Operators Prepared?

(AsiaGameHub) - The US gaming industry is expanding rapidly, yet the pace of regulatory change is even quicker. With states enhancing their oversight and enforcement actions increasing, operators in the sweepstakes and prediction markets face mounting pressure to maintain compliance within an environment that is constantly evolving. Broadcasting live tomorrow, Tuesday, 31 March, SBC Webinars, in collaboration with Vector Solutions and a panel of specialists, will analyze the current priorities. The webinar is designed to provide a clear perspective on the newest regulatory developments, the most significant compliance threats, and the tactics operators must employ to maintain a competitive edge. As scrutiny grows more intense, this represents a pivotal time for companies to grasp the market's direction and the necessary countermeasures. The panel of experts features: Tod Grossman, Director of Gaming Regulatory Compliance at PrizePicks Tom Nightingale, Senior Journalist at Canadian Gaming Business and SBC Americas Katie Lever, General Counsel and Chief Administrative Officer at Great Canadian Entertainment Event Details:Tuesday, 31 March1600 BST | 1200 EST | 0900 PST Registration is currently available. Capacity is restricted and interest is significant. [Register Here] This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Public Agency Officials Accused of Casino Gambling Violations in Chile iGame

Public Agency Officials Accused of Casino Gambling Violations in Chile

(AsiaGameHub) - A major investigation in Chile, utilizing cross-referenced data from public agencies, has indicated that hundreds of officials responsible for managing or securing public funds may have breached rules forbidding casino gambling. The situation was uncovered in a recent report by the Comptroller General of the Republic (CGR), published on March 23 within the Twentieth Consolidated Circularised Information Report. Records showed a match between officials required to post bonds due to their control over state resources and casino client data supplied by the Superintendence of Casinos of Gambling (SCJ). This identified 910 individuals who placed bets between January 2024 and June 2025, with total wagers exceeding 11.49 billion pesos. However, Law 19.995, specifically Article 10(b), mandates that “those who, by virtue of their position, are responsible for the administration or custody of public funds may not, either directly or through a third party, under any circumstances, engage in any form of gambling in casino games.” Local media reported: “The reason for this prohibition is to safeguard collective resources and prevent those with such responsibilities from being exposed to environments that could compromise their duties.” The report outlined systematic breaches of this rule. Out of the 910 officials, 181 represent 96.8 percent of the total wagers—totaling more than 11.118 billion pesos. Notably, 20 individuals account for 5.392 billion pesos, and a single Chilean Air Force member wagered 1.04 billion pesos. In these instances, the betting amounts are disproportionate to the individuals' salaries. Based on these numbers, the oversight body warns this may exceed administrative concerns. “The magnitude of the bets placed by those who account for the highest amounts raises the possibility that crimes may have been committed,” the CGR stated, confirming the launch of a probe. “These entities must clarify any doubts regarding the conduct of those under investigation and apply the corresponding sanctions, which may include dismissal,” authorities noted. Additionally, the CGR will transfer the list of the 910 involved parties to the SCJ to “exercise its supervisory and sanctioning powers over operators.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Soft2Bet MEGA Islands Allows Players to Build Their Own Island iGame

Soft2Bet MEGA Islands Allows Players to Build Their Own Island

(AsiaGameHub) - Soft2Bet has introduced a new retention system called MEGA Islands that enables players to create their own island. This newest component of the MEGA suite introduces a cross-session progression mechanism, allowing players to gradually develop their island by gathering resources during play to construct, enhance, and access new levels. Users of the MEGA Islands platform can also raid other islands to acquire resources and advance their own islands, with the feature offering an open-ended experience. According to Soft2Bet, MEGA Islands can help operators ‘create stronger player journeys, longer engagement cycles and more consistent value in competitive markets’. Yoel Zuckerberg, Chief Product Officer at Soft2Bet, noted: “MEGA Islands is crafted to create a natural retention experience by offering players a progressive path they wish to revisit. “When users can construct their personal island, gather resources, and unlock enhancements via raiding, every session contributes to an extended adventure. This provides players with a compelling incentive to come back while supplying operators with a retention solution that integrates seamlessly across both casino and sportsbook offerings.” Soft2Bet has already revealed that it will introduce MEGA Islands to Sweden through the debut of its Lodur iGaming platform. Lodur seeks to deliver Swedish online casino and sports wagering enthusiasts with a customized experience featuring regional payment options, sporting events, live slot games, and live dealer content. Regarding Lodur's launch, Zuckerberg remarked: “Lodur demonstrates the capabilities of our product suite when Soft2Bet's MEGA is utilized for social dynamics and player-versus-player advancement. “We have created an adventure that encourages continuous construction, competition, and return visits to Lodur, all while maintaining a smooth core experience.” Soft2Bet might be planning to expand MEGA Islands to an additional market it has lately shown interest in – Alberta. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Balkan countries join forces to form a new gambling trade body iGame

Balkan countries join forces to form a new gambling trade body

(AsiaGameHub) - A newly established trade body, composed of the largest associations in the region, will provide the Balkan gambling sector with unified international representation. Following a joint proposal from the Serbian and Bulgarian national gambling associations, a Memorandum of Cooperation was signed in Belgrade by a total of seven industry organizations. The signatories include Serbia’s AGOS and Bulgaria’s AOGGAB respectively, alongside Croatia’s HUPIS, Romania’s ROMSLOT, GPIS from Montenegro, UPIS RS from Bosnia and Herzegovina, and North Macedonia’s MAK GEJMING. Operating under the name Balkan Gaming Federation (BGF), these associations—representing gaming stakeholders such as online and land-based operators, suppliers, and manufacturers—will promote the region’s emerging markets while maintaining close internal collaboration to align their goals. The founding document outlines several areas of cooperation, including combating illegal gambling, fostering healthy competition, sharing best practices, engaging in legislative discussions, attracting investments, and organizing joint events. Within the broader European gambling sector, it is notable that several of the BGF’s founding associations are members of the European Gaming and Amusement Federation (EUROMAT). As a result, the BGF is expected to function as a regional cluster within EUROMAT, while retaining a distinct identity that specifically represents the Balkan region. Balkans as a hotbed of regulatory development The formation of the BGF coincides with a period of significant regulatory changes across the Balkan region. In Serbia, the government recently introduced a major legislative update allowing domestically licensed operators to offer jackpots, incentivizing players to use the regulated market and ultimately boosting channelization rates. Bulgaria is currently facing political pressure from within the government to further restrict the gambling sector by raising the minimum legal age from 18 to 21, less than two years after the nation’s gambling legislation underwent its most substantial overhaul in decades. Similar developments are evident in Romania, where the new President of the country’s gambling regulator has initiated rapid collaborative efforts with policymakers to revamp the gambling sector in favor of stronger player protection policies.In Montenegro, the gambling industry recently clashed with the government over a poorly executed attempt to alter the taxation system, which lacked supporting evidence and a clear assessment of its future impact. Croatia is in the process of rolling out a planned package of gambling reforms, with the first change being the launch of a new self-exclusion scheme. In North Macedonia, significant reforms appear imminent, driven by an outspoken Prime Minister who supports increased restrictions on the gambling industry. Meanwhile, discussions are intensifying in Bosnia and Herzegovina that could potentially lead to the abolition of the VAT exemption currently enjoyed by the gambling sector. Given the numerous concurrent regulatory changes, the establishment of an organization like the BGF to help navigate legislative complexities will certainly be a welcome step for all industry stakeholders involved in the Balkans. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Austria Extends Director Liability in Gambling Loss Disputes iGame

Austria Extends Director Liability in Gambling Loss Disputes

(AsiaGameHub) - Austria's Supreme Court has determined that executive directors may be held personally liable and accountable for online gambling disputes that breach tort law. Oberster Gerichtshof (OGH) issued its ruling following the recent opinion by CJEU Advocate General Nicholas Emiliou regarding the prolonged Wunner Case dispute. In late January, AG Emiliou from Cyprus ruled that liability for online gambling losses can be pursued under member states' tort laws. Tort law is acknowledged as a civil law area concerning harm to individuals, whether physical, personal, or financial. The AG's opinion has been applied to a ten-year dispute involving Austrian courts seeking compensation for player losses from online gambling operators lacking domestic licenses. This state enforcement has been challenged by Malta's government, which invoked Bill 55 to question the ruling's validity. Supported by the AG's opinion, the OGH holds that responsibility in these disputes can transcend "structural limitations" and extend to those managing online gambling licenses. Consequently, Austrian courts may utilize "protective orders and laws" provided under the 1989 Austria Gambling Act. The ruling is seen as a novel mechanism from the OGH enabling Austrian courts to hold online gambling operator management responsible, whereas loss accountability has previously been considered a corporate matter. Austrian media observed that "The OGH's decision represents a move away from corporate protection toward personal risk, as Austrian courts attempt to surmount cross-border enforcement obstacles." By expanding liability to directors, the Supreme Court has effectively pierced the corporate veil, allowing claimants to target individuals instead of depending exclusively on the legal entity. The OGH's latest move could substantially transform gambling litigation in Austrian courts, especially in cases where corporate claims are challenging to enforce across different jurisdictions. Malta stands by Bill-55 protections Austria's position remains at odds with Malta's protection of its licensing framework. In 2025, Malta passed Bill 55, adding Article 56A to the Malta Gaming Act. This measure aims to bar Maltese courts from recognizing or enforcing foreign judgments against Malta-licensed operators when such decisions are considered incompatible with national public policy. Malta contends that Bill 55 constitutes a legitimate legislative protection, safeguarding the Malta Gaming Authority's authority and its regulatory system's integrity. Officials assert that numerous claims from Austria and Germany pertain to eras of regulatory change. Regarding Germany, disputes primarily involve the pre-2021 period before the Fourth Interstate Treaty on Gambling (GlüStV 2021) took effect. Concerning Austria, Malta highlights incomplete regulatory structures, since online gambling stays limited under a state monopoly system operated by Austrian Lotteries' Win2Day. Maltese courts believe that Austria and Germany's inconsistent frameworks weaken the validity of cross-border claims. In 2026, Malta reaffirmed its long-held position that operators have faced retroactive and excessive enforcement measures that erode the Malta Gambling Authority's (MGA) governance. Notwithstanding Malta's opposition, the OGH has indicated that domestic courts should be capable of strictly enforcing tort laws and, when required, extending liability to the "individuals behind corporate structures." Austria… Accountability by any means necessary The decision does not establish new laws but rather reinterprets current liability principles to bolster enforcement of Austria's Gambling Act, regardless of whether regulatory updates are needed. As the supreme court of an EU member state, the OGH declares it must offer any reasonable avenues for recovering damages when corporate enforcement fails. For the broader industry, the consequences are substantial. Expanding liability to managing directors creates a new tier of risk for operators functioning in grey or unlicensed markets. Although cross-border enforcement difficulties persist, the trend is evident: European courts are progressively prepared to explore alternative accountability pathways, with legal exposure no longer limited to corporate entities but reaching those who manage them. However, any enforcement action or settlement stays uncertain, as Malta demonstrates no willingness to yield. After twenty years of legal deadlock, this conflict appears destined to persist into 2026 and beyond. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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The Star Finalizes Refinancing Agreement with WhiteHawk iGame

The Star Finalizes Refinancing Agreement with WhiteHawk

(AsiaGameHub) - The Star Entertainment Group has advanced its debt refinancing efforts with WhiteHawk Capital Partners following the timely delivery of its commitment letter. The Australian casino operator has outlined the terms of the agreement as it proceeds with refinancing its current debt completely while securing additional liquidity to maintain adequate funds for regular business operations. The three-year refinancing package comprises: A principal amount of US$390m (approximately AUS$550m at current exchange rates). An annual interest rate based on Term SOFR plus a margin materially consistent with the company's recent facility agreements. Quarterly amortisation beginning on 31 March 2027. A minimum liquidity covenant of A$50m for the first 12 months following financial close. Increasing to A$75m between 12 and 18 months, and to A$100m thereafter. A minimum asset coverage ratio commencing from 31 December 2026. A minimum EBITDA covenant commencing from 31 March 2027. An interest reserve account funded with the first 12 months of interest. Customary covenants, representations, events of default, and review events, including customary financial covenants and reporting obligations. The Star must finalize the refinancing by 15 May 2026 to prevent default, though the operator has maintained a preliminary agreement with WhiteHawk since February while assessing its organizational structure and strategic direction. The deal's execution is contingent upon meeting various conditions precedent, such as executing comprehensive finance documentation, obtaining necessary regulatory clearances, finalizing the sale of The Star's interest in the Destination Brisbane Consortium (DBC), and fulfilling other standard closing requirements. This agreement comes after The Star reported its H1 FY26 results in early March, with the operator showing optimism despite a volatile end to 2025 that resulted in normalized net revenue of A$585m (H1 FY25: $650m), along with a significant net loss of over A$75m. The period also marked the first financial reporting under new leadership, following the completion of the A$300m strategic investment by Bally's Corporation and Investment Holdings late last year. With Bruce Mathieson Jnr as Group Chief Executive Officer, The Star has implemented changes to its operational and marketing approach, launched customer-centric initiatives, and introduced additional cost-reduction measures. Mathieson Jnr stated: "We are streamlining our corporate headquarters, with key support functions to be handled at the property level in Sydney, Gold Coast, and Brisbane. These modifications will bolster our financial standing to ensure sustainable long-term success. "We remain focused on executing suitable cost-reduction programs while developing and rolling out strategies to draw customers to our venues. We are dedicated to following a transparent, pragmatic, and sustainable approach that guarantees our remediation plan meets the required standards, fostering consistency, integration, and verifiable maturity throughout the organization. "Our properties hold tremendous potential, and we are determined to evolve The Star into leading entertainment destinations." This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Virgin Bet Expands Internationally with South Africa Launch iGame

Virgin Bet Expands Internationally with South Africa Launch

(AsiaGameHub) - Virgin Bet has debuted in South Africa, representing its initial foray beyond the UK market as part of its global growth strategy. Since arriving in 2019, the LiveScore Group subsidiary has become a prominent name within the UK's wagering sector. The expansion into South Africa is a calculated decision, targeting a region characterized by high sports interest and a rising appetite for licensed betting options. This development follows the group's established footprint in Africa, where LiveScore Bet already operates in Nigeria. The African continent is increasingly becoming a focal point for the international gaming industry. Virgin Bet has placed a strong emphasis on player safety for its South African debut. The virginbet.co.za site features various responsible gambling tools, including deposit caps, cooling-off periods, and self-exclusion options, along with strict age verification. To facilitate its entry, the company has put together a local management team to drive long-term success, including the naming of Gail Odgers as Head of Marketing. “Debuting in South Africa marks a significant milestone for our team,” stated Odgers. “At Virgin Bet, our philosophy of ‘A Good Bet’ involves providing top-tier experiences for our users while prioritizing our obligations to players and the wider community. “Sport is deeply ingrained in South African culture. Whether it is rugby, cricket, or football, it is a constant topic of discussion. That level of enthusiasm makes this a very appealing market for us. “Our objective is to improve that fan experience in a safe manner, providing great moments and rewards while maintaining high standards for responsible play from the start. We are dedicated to establishing trust and introducing Virgin Bet as a brand South Africans can rely on.” Will Virgin Bet leverage sponsorships once more? The operator intends to provide a variety of sports markets and promotional offers, alongside perks connected to the broader Virgin brand network. The company has heavily utilized marketing since its UK inception, securing major deals such as its partnership with TNT Sports for **UEFA Europa League** and **UEFA Conference League** broadcasts, as well as sponsoring several high-profile horse racing events across the UK and Ireland. The South African launch comes at a time of regulatory shifts. Data from the National Gambling Board of South Africa indicates that 66% of adults now participate in online gambling, a significant increase from 30% in 2017. Consequently, the government has suggested increasing the national tax on online gambling earnings to 20%. While the region offers significant potential, new operators may find themselves navigating a landscape of increasing legislative oversight. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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