MGM China initiates Playing Card Recycling project in partnership with a Macau tech firm

(AsiaGameHub) - MGM China has launched an environmentally conscious initiative to give used playing cards a new purpose by transforming them into recycled packaging materials. To implement this program, the company has partnered with Fnetlink Technology Co Ltd, a Macau-based technology firm, establishing the region's first fully local system for both recycling and upcycling gaming cards, rather than disposing of them. This initiative builds upon the initial collaboration between the two entities in 2023, which focused on developing a fully automated process for shredding and handling used cards. What began as a development phase has now evolved into a fully operational system integrated into MGM China's operations. According to the company's announcement, gaming cards removed from gaming floors are processed through an automated card shredding line. Subsequently, the shredded paper is transported to a local facility where it is converted into high-quality fibers. A notable feature of this process is its independence from water usage. These fibers are then utilized in the production of eco-friendly packaging, effectively giving the cards a second life within Macau's supply chain. Once fully implemented, the system will be capable of processing approximately 3,000 tons of used cards annually, with recycling being a continuous part of the product's lifecycle. The introduction of this project signifies its establishment as a permanent waste management solution for this product category under MGM China's responsibility, rather than a temporary experiment. The program's launch ceremony took place this week, attended by Macau government officials and senior executives from both companies. Sustainability Goals and Local Impact MGM China further stated that this initiative represents a highly effective method for enhancing resource utilization through technology. The production of fibers from shredded waste materials is just one component of the project. The entire process is conducted within Macau, which means that in addition to recycling waste, local industrial activity is also supported through local fiber production, reducing reliance on outsourcing. Furthermore, the choice of packaged products reflects the growing demand for sustainable materials in business applications. Mr. Kenneth Feng Xiaofeng, the Chief Executive and Executive Director of the company, commented that MGM China consistently seeks innovative ways to realize its sustainability objectives through technology across its various local properties. He highlighted that the upcycled playing card system, which aligns with a healthy and greener environment, is a result of focusing on long-term, practical solutions, moving away from treating environmental actions as isolated add-ons. He also elaborated on the collaboration with Fnetlink Technology, describing it as an excellent example of how supporting local tech companies can facilitate the transition from an idea to a tangible application. He added that this type of collaboration is one of the most effective ways to quickly achieve desired working models. Economic Diversification and Broader Benefits In addition to emphasizing waste reduction, MGM China has linked this initiative to Macau's broader economic diversification goals. The company noted that such projects can introduce new avenues and opportunities, demonstrating the potential to integrate gaming functions with other sectors through technology and reuse. Moreover, with the entire operation, from waste collection and shredding to fiber extraction and packaging, being handled locally, the project supports the wider movement to enhance local capabilities in higher-value tourism and entertainment-related sectors. For MGM China, this initiative serves to illustrate that even deeply established operational practices can be transformed to contribute to both sustainability objectives and medium-to-long-term economic growth. 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.
More

Daniele Cardoso Named Permanent Head of Brazil’s Gambling Regulator

(AsiaGameHub) - Following her interim appointment after Regis Dudena's departure, Brazil's Ministry of Finance has confirmed Daniele Cardoso as the permanent head of the country's gambling regulator. Cardoso had been the Acting Secretary of Prizes and Betting since the end of January. This role is now permanent. Dudena, the architect of Brazil's first online betting and gaming system, has moved to lead the Secretariat for Economic Reforms within the Ministry of Finance. Her confirmation was announced publicly on X by Brazil's Finance Minister, Dario Durigan, who stated: Nobody accomplishes anything alone. We are a serious, united, and technical Ministry. Women and men dedicated to making a difference daily, working for the prosperity of Brazilian families. During her interim tenure, Cardoso played a key role in shaping Brazil's emerging online gambling landscape. As the permanent head of the SPA, she will now guide the regulator through its next stage of development, focusing on regulatory and operational matters. A priority will be finalizing rules for B2B iGaming and sports betting suppliers. The SPA also continues to work on projects like launching a national self-exclusion system. A core objective remains combating illegal gambling to increase channelization rates. This includes collaborative efforts with the National Telecommunications Agency, Anatel, to implement blocks against unlicensed 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.
More

DraftKings, FanDuel, and NFL sued over micro betting design

(AsiaGameHub) - A Pennsylvania lawsuit has been filed against DraftKings and FanDuel, alleging they used data from the NFL and Genius Sports to develop sportsbook platforms that "could contribute to addiction." The Public Health Advocacy Institute (PHAI) brought this legal action on behalf of Christopher Sage and Terry Thompson, who reportedly developed gambling addictions after using the betting apps. A central focus of the lawsuit is live, in-game micro betting, which it claims effectively turns sportsbooks into highly addictive products. The lawsuit asserts that the operators are "weaponizing mobile technology and AI" to drive nonstop betting. Micro betting allows wagers on nearly every game occurrence, thereby greatly reducing typical constraints related to time, location, and tempo. Plaintiffs note: Every half, quarter, minute, second, pitch, play, and shot becomes a fresh gambling chance, with repeated wagers placed as the game progresses. Whereas slower-paced games like casual poker typically take a long time to play, micro betting is undeniably akin to slot machines in terms of speed and repetition. Bets are placed within seconds, and there are no pauses or breaks, trapping users in ongoing cycles. The plaintiffs argue that such a design is intentionally crafted to maximize user engagement and encourage repeated wagers on the same events. Micro betting relies on real-time data, which is supplied by Genius Sports and the NFL—both of which financially benefit from micro betting. In 2025, Genius generated $126.1 million from in-game live micro betting, accounting for nearly 19% of its total revenue, in part because the NFL is a shareholder. Plaintiffs describe how casual betting escalated into addiction after switching to mobile apps, causing financial and personal ruin: Within just a few years… the plaintiffs nearly lost everything—their savings, homes, businesses, and families. VIP programs are alleged to entice consumers to keep gambling through gifts and trips. The lawsuit invokes Pennsylvania law and alleges: product defect, failure to provide proper warnings, negligence, unfair trade practices, and intentional infliction of emotional distress. The plaintiffs are seeking monetary damages, a new jury trial, and court orders restricting the scope of sportsbook offerings. Micro betting is under increased regulatory scrutiny in the U.S. New Jersey plans to ban microbets, while New York is considering a ban on live bets. Massachusetts, Colorado, Kentucky, Louisiana, and Minnesota have the issue on their agendas, and Ohio, Maryland, and Vermont have already outlawed prop bets on college athletes. PHAI has a track record of taking on sportsbooks, including: 2023: A class-action lawsuit in Massachusetts against DraftKings regarding deposit bonuses 2025: A Pennsylvania lawsuit against Caesars Palace Online Casino and Harrah’s Philadelphia Casino 2024: A lawsuit against the Massachusetts Gaming Commission over player data transparency 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.
More
bet365 exits American Gaming Association over strategic disagreements iGame

bet365 exits American Gaming Association over strategic disagreements

(AsiaGameHub) - bet365 has officially withdrawn from the American Gaming Association, making bet365 one of several prominent online betting firms to leave the U.S. gambling organization. Both bet365 and the AGA have confirmed this development. bet365 cited a divergence in priorities as the reason for its departure. As a company that operates exclusively online, bet365's business model does not align with the AGA's focus on brick-and-mortar casinos. However, bet365 stressed its commitment to maintaining positive relationships with both regulators and industry collaborators. This move is indicative of a broader trend of operators exiting the Association. DraftKings, FanDuel, and Fanatics Betting and Gaming have recently departed, largely due to disagreements concerning the functionality and regulation of predictive markets within the industry. Despite its exit from the AGA, bet365 continues to expand its presence in the U.S. market. The company is actively growing its business, evidenced by the construction of a major headquarters in Denver and the commencement of operations in several new states. Furthermore, its online casino operations in markets like New Jersey and Pennsylvania have experienced approximately 50% year-over-year growth. bet365's decision further highlights the growing divide between digital and traditional land-based companies within the U.S. gaming sector. 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.
More
BetMGM Fined $100K by PGCB Over KYC Issues iGame

BetMGM Fined $100K by PGCB Over KYC Issues

(AsiaGameHub) - The Pennsylvania Gaming Control Board (PGCB) has imposed a $100,000 fine on BetMGM for violations linked to fraudulent activities that occurred between 2023 and 2024. BetMGM's verification processes were found to be inadequate, enabling individuals to create accounts using stolen identities and deposit funds via compromised payment methods. The fine was a result of BetMGM's failure to implement sufficient safeguards against fraudulent activity. Additionally, the PGCB issued prohibitions against 16 individuals from engaging in gambling, with some of these cases involving instances where minors were left unsupervised at physical casino locations. This incident marks another compliance issue for BetMGM in Pennsylvania. Earlier this year, the operator incurred a $260,905 fine for allowing self-excluded individuals to gamble. Furthermore, BetMGM has faced penalties in Massachusetts for offering unauthorized betting markets and for marketing to underage individuals. This latest fine underscores the ongoing regulatory pressure on operators to enhance their Know Your Customer (KYC) controls and mitigate fraudulent activities on their platforms. BetMGM declined to provide a statement regarding the findings. 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.
More
Codere Seeking €2 Billion Deal iGame

Codere Seeking €2 Billion Deal

(AsiaGameHub) - Codere has engaged Jefferies and Macquarie Capital to facilitate the sale of the company. The divestment process is in its early stages, with insiders valuing Codere at over €2 billion. Preliminary non-binding bids are expected by mid-May, followed by a formal auction in July, with a final agreement potentially reached by August. Following a recent restructuring, Codere's ownership is distributed across roughly 84 investment funds. Key creditors injected €225 million in fresh capital, swapped more than €350 million of debt for equity, and pushed back debt maturities from 2026 to 2027. Management of the business has transitioned to Codere New Topco S.A., which is currently about 95% owned by bondholders. The company's financial health has seen significant improvement post-restructuring. According to a recent report, Codere recorded €1.34 billion in revenue and an adjusted EBITDA of €179 million for the fiscal year ending December 31, 2024. Recent performance suggests EBITDA will surpass €200 million. Furthermore, gross debt has been slashed from €1.4 billion to roughly €190 million, alongside bolstered liquidity. Although the strengthened balance sheet enhances Codere's appeal to buyers, the candidate pool might be restricted as many investors shy away from the gambling sector due to ESG (Environmental, Social, and Governance) considerations. 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.
More
Brazil grants authorities the power to freeze accounts linked to illegal betting iGame

Brazil grants authorities the power to freeze accounts linked to illegal betting

(AsiaGameHub) - Brazil has implemented a strengthened approach to combat illegal betting with the enactment of Law No. 15,358/2025. This legislation grants the Central Bank and the Ministry of Finance the authority to freeze bank accounts and halt Pix transactions linked to operators of unlicensed betting activities. This new law mandates that all financial institutions freeze bank accounts and block transactions associated with illegal betting, while simultaneously ensuring due process and protecting player funds. The law also establishes mechanisms for information sharing among financial organizations to detect and prevent fraud within the financial system. Regulators will enhance their supervision of Pix payments through more rigorous transaction monitoring and the potential implementation of filters to block suspicious activities. Companies that do not adhere to the new regulations could face penalties such as fines, license suspension, and other sanctions. All these measures represent a significant advancement in increasing oversight of financial transactions and adopting a proactive strategy to eradicate all forms of illegal betting in Brazil. 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.
More

BC.Game appoints Kar Kheng Giam as new CEO to fuel global expansion

(AsiaGameHub) - BC.Game has publicly announced the appointment of Kar Kheng Giam, widely known as KK, as its Chief Executive Officer, signaling the company's clear intention to strengthen its leadership position in the global crypto gaming sector. The incoming CEO brings three decades of diverse senior-level experience across international markets, primarily within gaming, technology, and consumer industries. KK has held executive positions across Asia-Pacific, the United States, and Europe, giving him direct expertise in global market dynamics. Prior to BC.Game, he served as Vice President of International at Coyote Bioscience, focusing on worldwide growth initiatives. Additionally, he co-founded mobile gaming companies Topgame and Tinymobi, which launched numerous social and casino-style games that quickly established dedicated player communities. Earlier in his career, KK transitioned from the music industry to corporate leadership, serving as CEO of various organizations and holding regional leadership responsibilities at Nabisco Asia. In his new position, he will oversee BC.Game's long-term strategic direction, drive operational improvements, and collaborate with the team to expand global platform accessibility, elevate compliance standards, and advance innovation in crypto gaming. KK said: BC.Game has cultivated a robust global community through the integration of cutting-edge technology and compelling entertainment experiences. I am enthusiastic about assuming this role during a period of substantial growth potential for the company. As demand rises for transparent, user-centric platforms and cryptocurrency adoption increases in online gaming, we are strategically positioned for global expansion. My priorities will include reinforcing our footprint in regulated markets, improving the platform experience, and maintaining user trust. This leadership transition is part of BC.Game's broader strategy to deepen its involvement in regulated markets. The company currently maintains licenses in multiple jurisdictions including Anjouan, Nigeria, Kenya, Mexico, and Tanzania, leveraging these regulated frameworks to establish a sustainable worldwide presence. 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.
More
Macau Legend projects $200 million loss following 2025 casino shutdown iGame

Macau Legend projects $200 million loss following 2025 casino shutdown

(AsiaGameHub) - Hong Kong-listed Macau Legend Development Ltd is preparing for an approximate HKD 1.57 billion (about $200 million) loss in 2025, a substantial rise from the HKD 623 million loss reported in 2024. Macau’s complete phase-out of its electronic and gaming operations has been a major factor in the company’s decline, following the closure of Legend Palace at Macau Fisherman’s Wharf on November 12, 2025—when its service agreement with SJM Holdings expired due to Macau’s broader phased elimination of satellite casinos. The company’s projected losses are primarily driven by an HKD 1.18 billion impairment charge recorded in 2025, which is markedly higher than the HKD 376 million in charges related to the casino and other assets in 2020. Beyond asset impairments, Macau Legend has also accounted for HKD 71 million in employee-related costs—including long-service payments tied to the closure and other employment-related payments associated with the casino shutdown—which have also had a significant impact on the company’s financial results. The Macau government’s move to eliminate satellite casinos by December 31, 2025, has greatly affected operators like Macau Legend in their efforts to restructure their business models. The closure of Legend Palace illustrates how regulatory changes directly impact asset values and the long-term business strategies of operators. Looking ahead, the company will rely on its non-gaming portfolio to stabilize its financial performance. Without casino operations, it will continue to face challenges in developing alternative revenue streams before 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.
More
University of Mississippi inaugurates the nation’s first academic center dedicated to student gambling iGame

University of Mississippi inaugurates the nation’s first academic center dedicated to student gambling

(AsiaGameHub) - The University of Mississippi (Ole Miss) has set up the country’s first specialized academic center solely focused on student gambling. Endorsed by the university’s board of trustees, the new Centre on Collegiate Gambling will lead research, prevention, and treatment efforts, as well as assess effects on the integrity of collegiate sports. This launch occurs amid increased legislative activity in the state, such as the recent approval of a second sports betting bill by the state’s House of Representatives. This initiative is driven by recent findings that underscore significant gambling activity among college students. A multi-campus study carried out by Ole Miss researchers polled students from seven state universities. It found that 39% of those surveyed had gambled in the past year. Sports betting proved to be the most prevalent type of student gambling. Notably, 6% of student sports bettors met the American Psychiatric Association’s standards for problem gambling, with numerous others facing moderate risk. The study also pinpointed demographic trends associated with greater gambling frequency, including male students, white students, those residing off-campus, and members of Greek life groups. More than half (58%) of student gamblers indicated they used online sportsbooks. The Ole Miss center will seek to address a research void by methodically examining various gambling behaviors on college campuses. This will cover everything from card games to emerging prediction markets, and will create evidence-based prevention and treatment approaches. Additionally, it will look into how gambling activities impact the integrity of college sports. The initiative will also align with recent, more extensive national policy changes, such as the introduction of the first bipartisan federal measure in over a decade intended to boost funding for gambling addiction research. ‘More direct efforts were needed in the collegiate gambling space’ Daniel Durkin, an associate professor of social work at Ole Miss, emphasized the need for coordinated action. “We were witnessing a growing gambling issue, and not many people were actually taking steps to address it,” Durkin said. He attributed attending national gambling conferences to sparking a strategic change: “When we began attending national gambling conferences, that’s when we recognized that more focused efforts were required in the collegiate gambling sphere.” Mississippi’s gambling environment has complexities that affect student behaviors. The state enforces strict regulations on in-person casino operations, and legislative discussions persist regarding the legalization of online sports betting. Industry observers note that prediction markets and offshore betting operators offer alternative avenues for student betting, bypassing current legal limitations on mobile platforms. 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.
More
Codere is reportedly up for sale at a $2.3 billion valuation iGame

Codere is reportedly up for sale at a $2.3 billion valuation

(AsiaGameHub) - Reports indicate Codere is on the market with a valuation surpassing €2 billion (or $2.3 billion). Spanish newspaper Expansión stated on Wednesday that Codere has engaged Jefferies and Macquarie Capital as advisors to prepare the firm for a sale. According to the report, interested parties are expected to submit non-binding offers for Codere by mid-May, with a final purchase agreement to be finalized before the August summer break. Currently, Codere’s ownership is divided among roughly 84 investment funds. In 2024, Codere completed a recapitalization deal that cut its corporate debt from €1.4 billion to around €190 million. The company noted this would secure a “future of stability and growth” and enable it to pursue further expansion in LatAm and Europe. “With an optimal debt structure and greater liquidity, Codere is positioned to seize new expansion opportunities in its key markets, consolidating its leadership in the sector,” the group said in a statement upon the recapitalization’s completion. Codere currently operates in European markets including Spain and Italy, as well as LatAm markets like Mexico, Argentina, Panama, Uruguay, and Colombia. Reports suggest Codere Online would be part of any potential sale of the broader business. Allwyn as a Potential Codere Suitor Ed Birkin, managing director of H2 Gambling Capital, told iGB he believes the rumored €2 billion valuation will be too high for most buyers. He named Allwyn International and Flutter Entertainment as potential acquirers, while remaining in private equity is another viable option. In January, Allwyn closed its $1.6 billion acquisition of a 62.3% stake in PrizePicks. On a post-FY2025 investor call, CEO Robert Chvátal said the company was exploring other M&A opportunities, though primarily focused on proprietary sportsbook technology. Birkin also noted Codere could be an “interesting omnichannel opportunity” for operators looking to enter the LatAm market. iGB will provide more updates on this story as it unfolds… 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.
More
Isle of Man proposes civil penalties for individuals as gambling bill enters consultation iGame

Isle of Man proposes civil penalties for individuals as gambling bill enters consultation

(AsiaGameHub) - The Isle of Man is proposing changes to its gambling laws that would allow the regulator to issue civil penalties directly to senior executives for compliance failings. This represents a departure from the existing approach of only penalizing companies. The measure aims to increase personal responsibility for directors, compliance officers, and other key staff at gambling firms. The proposed Isle of Man Gambling Legislation (Amendment) Bill 2025 would give the regulator the power to fine individuals if violations happen with their consent, through their connivance, or due to their negligence. This step is part of the regulator's wider programme of reforms designed to tighten entry controls. It would also broaden investigative authority to keep pace with changing risks in the industry. The bill, guidance and consultation The Bill introduces new direction-making powers, permitting the gambling regulator to give formal written orders to licence and certificate holders. These directives could require the provision of information, the execution of corrective actions, the suspension or cessation of operations, or an orderly shutdown following licence surrender. Failing to adhere to these directions could result in serious repercussions. The amendments would permit regulators to revoke or suspend licences and certificates. Such offences could be punished with up to six months in prison or level-5 fines, with the potential for higher penalties if convicted on indictment. In addition to the bill, the Gambling Supervision Commission (GSC) has published draft guidance outlining how it would assess individual responsibility and determine appropriate fines. The guidance makes clear that sanctions against individuals would be applied in addition to, not as a substitute for, penalties against the company. The regulator has conducted extensive consultations on its broader legislative reforms and has now launched a specific public consultation concentrating on these personal accountability measures. Gambling industry stakeholders are encouraged to provide feedback between 23 and 25 May 2026. A history of enforcement The draft legislation comes after recent enforcement actions, including a £200,000 fine the GSC levied against Shelgeyr, the operator of Maverick Games, in February. This penalty was for systemic weaknesses in customer due diligence and continuous account monitoring. The regulator has also acted firmly in other recent instances, such as imposing penalties on Celton Manx for compliance deficiencies and revoking the licence of Boldwood Software's owner. The GSC notes that the Isle of Man's money laundering risk is currently rated as "medium high". After the consultation period ends, the Gambling Supervision Commission will consider the feedback received before finalizing the bill. To help the industry comprehend how personal accountability will work in practice, the regulator also intends to host an online Q&A session to offer more detail on the enforcement of the new measures. 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.
More
Episode 33: Are Prediction Markets Overhyped for March Madness? iGame

Episode 33: Are Prediction Markets Overhyped for March Madness?

(AsiaGameHub) - This week, Ed Birkin and Robin Harrison discussed several important industry subjects, examining the recent ECJ ruling and the March Madness wagering market more closely. The duo starts by addressing the recent ECJ opinion regarding German player-loss lawsuits, which they indicate provides minimal guidance for the broader sector. The ruling seems to endorse the authority of member nations to implement their own gambling licensing systems, provided these regulations adhere to EU legislation. Nevertheless, it fails to resolve the most significant issues. March Madness and the actual scale of the wagering market Ed states that March Madness represents the world's most heavily wagered-upon competition. H2 projects that the legitimate US sportsbook handle for both the men's and women's tournaments together will hit $4 billion, an increase from $3.7 billion in the previous year. Furthermore, Ed approximates that prediction markets might produce approximately $1.6 billion in trading volume during the tournament, which he converts to about $530 million in handle-equivalent terms. The portion that directly rivals licensed sportsbooks in states where sports wagering is already permitted is considerably lower, estimated at between $135 million and $150 million. Are prediction markets receiving excessive attention? Based on their conversation, prediction markets constitute merely one of several elements that could influence sportsbook results. Additional challenges, including reduced promotional spending, economic pressures, and evolving consumer patterns, could potentially exert more substantial effects on handle. The duo wraps up by expanding the conversation about prediction markets to a wider context. Robin highlights recent advancements in countries like Brazil, Argentina, and the Netherlands, whereas Ed continues to express strong doubts regarding their future viability. 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.
More
Sportradar Unveils New iGaming Brand, Blending Sports Data with Casino Gaming iGame

Sportradar Unveils New iGaming Brand, Blending Sports Data with Casino Gaming

(AsiaGameHub) - Sportradar has introduced its own iGaming brand, describing it as a combination of its sports data proficiency and casino offerings, representing the "next step in the evolution" of its iGaming division. Announced on Tuesday, the new brand, Playradar, will utilize Sportradar's sports data to create exclusive hybrid betting products. Playradar will offer a continuous live experience center where players can watch sports livestreams and place real-money wagers. The platform includes social functionalities that allow users to engage with each other in real time by exchanging insights, reactions, and tips. Access to both live and archived sports and casino streaming will be provided, with the goal of transforming key sporting moments into event-based gameplay that merges sports streaming with casino-style mechanics. Sportradar stated the brand will function exclusively in regulated markets, with game launches planned across 2026. An initial rollout is scheduled for the UK, North America, and Latin America. The company noted that most of its current clients already run both sports betting and casino operations, positioning Playradar as a "natural channel" for sustained revenue generation. Founder and CEO Carsten Koerl commented that the product will enhance the company's capacity to implement its long-term growth plan. “Playradar content is engineered to facilitate optimized cross-selling between sports and casinos, assisting operators in boosting player value and session duration at a time when user engagement and retention are crucial for operational sustainability,” Koerl said. Haitin brought in to lead Sportradar’s iGaming charge In early January, Sportradar revealed the hiring of Edo Haitin for the role of executive vice president of iGaming. Haitin brought more than two decades of industry experience, having previously held the position of CEO at Playtech Live. “We have a unique capability to effortlessly integrate live and historical sports events, innovative gaming mechanics, and casino content, and we benefit from the advantage of distributing games to a portfolio of operators that is already licensed,” Haitin said. “I am tremendously enthusiastic about further reinforcing our iGaming business via Playradar and developing it into a frontrunner in iGaming content, by capitalizing on Sportradar's current assets and the deeply experienced and talented team already assembled.” 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.
More
Zeal Explores Further Investments in Social Lotteries and Prize Draw Geographic Expansion iGame

Zeal Explores Further Investments in Social Lotteries and Prize Draw Geographic Expansion

(AsiaGameHub) - During this morning's FY2025 earnings call, Zeal Network executives informed analysts that the company is exploring potential investments in more social lotteries and prize draw ventures beyond Germany. Dr Stefan Tweraser, the recently appointed CEO of the German lottery operator, stated that Zeal possesses a robust financial reserve for investment purposes, with additional details to be disclosed later in 2026. The company's overall results showed a 16% revenue increase across all operations, reaching €218 million. The lotteries division accounted for the bulk of this figure (89%), also posting a 16% year-over-year revenue gain. The period's revenue exceeded the September projection of €205-215 million by 2%. EBITDA reached €68.8 million, hitting the upper limit of the earlier €63-68 million guidance. Gaming revenue climbed 46% for the period. Company executives commended Zeal's 21% increase in marketing expenditure over the year. CFO Andrea Behrendt informed analysts that this upward trend is projected to persist into 2026, as Zeal intensifies its strategy for investing in environments without jackpots. Marketing expenditure is anticipated to outpace revenue growth in 2026. Behrendt noted that this investment has yielded returns, creating considerable value for shareholders. The expansion into additional digital marketing channels in 2025 enabled the company to enhance its partnership strategies, according to the CFO. New customers grew despite weak jackpot environment A key highlight of the FY25 earnings report was Zeal's customer base expansion, achieved despite what was characterized as a challenging jackpot environment in 2025. The lottery segment added 7% more registered customers during the 12-month period, totaling 1.2 million. Monthly active users (MAUs) for lotteries increased 8% year-over-year to 1.6 million. In the gaming division, MAUs hit 30,000 in FY25, representing a 36% increase. Behrendt stated that this demonstrated Zeal's ability to boost customer acquisition even during periods between jackpots. She added that lottery customer acquisition has grown less reliant on jackpots, resulting in greater stability. Nevertheless, the subdued jackpot environment in 2025 caused lottery cost-per-lead to rise by 32%. In response to questions about its prize draw operations and domestic competition in Germany, Tweraser asserted that Zeal dominates the 'dream house raffle' segment, with rivals falling short of its scale, customer growth generation, and capacity to drive lotteries from offline to online. The company anticipates scaling up its Traumhausverlosung operation to raffle as many as one house per month going forward. With Germany still undergoing a review of Interstate Treaty gambling rules, an analyst inquired whether Zeal foresees any regulatory shifts ahead. Tweraser responded that no major changes are expected and that the operator maintains close communication with the GGL. Zeal expects revenue uptick of up to 19% in 2026 Zeal projects 2026 revenue between €250 million and €260 million, representing a potential 19% rise over 2025. EBITDA is forecasted at €70-75 million, which already incorporates higher investment levels compared to 2025 aimed at further diversifying the company's portfolio. Nicole MacedoNicole began her career in local newsrooms in her native Gibraltar, where she contributed to launching the peninsula's first exclusively online broadcaster. 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.
More
Estonian Official Fired Over Casino Tax Mistake to Sue iGame

Estonian Official Fired Over Casino Tax Mistake to Sue

(AsiaGameHub) - Piia Schults, a seasoned advisor at the Riigikogu Chancellery, intends to contest her termination due to a drafting mistake related to Estonia’s Gambling Tax Regulation. The drafting error took place when Parliament approved the regulation in December 2016, accidentally removing taxes on the online casino industry for the 2026 property tax year—an oversight expected to cause an estimated €4 million shortfall in state revenue. Piia Schults told ERR: I will definitely challenge this decision. Regrettably, this ultimately comes down to a matter of values. The mistake was truly terrible, and I’m deeply shaken by it, but it’s the first such incident in my entire career. In fact, this isn’t just a career for me—it’s a mission. With over 30 years of service in Parliament, Schults argues that her dismissal was unjustified and is working with her legal team to pursue legal action. The lawsuit will help clarify legal responsibility in similar situations. Riigikogu Chancellery Director Antero Habicht commented: Taking all circumstances into account, this step was unavoidable and necessary; a trust-based working relationship could no longer be maintained. Based on current information that the official will turn to the courts to defend her rights, we do not believe it’s appropriate to comment further publicly. As a rule, issues are discussed confidentially and handled verbally. We will not comment on any prior mistakes in this case. Schults acknowledges the seriousness of the mistake but notes it’s the first occurrence of its kind in her career. Describing the situation, she says it has been extremely difficult to endure; however, she has decided it’s her duty to take the matter to court to defend herself and to provide clarity on how similar cases can be adjudicated. 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.
More

Soft2Bet Secures Finalist Spots in Three Categories at SBC Awards Europe

(AsiaGameHub) - Soft2Bet has been nominated as a finalist in three distinct categories at this year’s SBC Awards Europe. These nominations acknowledge various facets of the company, including its robust platform, innovative products, and gamification strategies, all of which have significantly contributed to its success in key European markets. This recognition follows a year of remarkable achievements and consistent growth for the company. Soft2Bet has been nominated in the Acquisition & Retention Partner category for its in-house Motivational Engineering Gaming Application (MEGA). Additionally, the company is a contender for Platform Provider of the Year. Furthermore, MEGA Clawee, a digitally enhanced claw machine game offering an online gaming experience and part of the MEGA family, has been shortlisted for Industry Innovation of the Year. Soft2Bet's performance data from Europe serves as evidence of its effective approach. Over the past year, the company has seen substantial growth in EBITDA, sportsbook revenues, and an overall expansion of its brand portfolio. These results underscore the strength of Soft2Bet’s performance-driven B2B model. The company utilizes gamification powered by MEGA, product innovation, compliance, and localization as its primary growth engines, enabling continued development even amidst intense competition and market saturation. The nomination for Platform Provider of the Year highlights the exceptional features of Soft2Bet’s platform. This platform is a seamlessly integrated suite of components, encompassing player account management, payment processing, CRM and segmentation, bonuses and loyalty programs, risk control, and gamification, all managed centrally. Designed with a mobile-first philosophy and a unified backend, the platform empowers operators to launch their businesses swiftly, adapt their offerings to local market preferences, and manage casinos and sportsbooks with enhanced control. Regarding gamification, MEGA Clawee provides an engaging online remote-controlled claw machine experience, skillfully blending elements of skill with immediate rewards, thereby fostering strong player retention. Harrison Barrett, VP of Business Development at Soft2Bet, stated, Being shortlisted in three categories at SBC Awards Europe is a significant validation of our efforts. Our focus is on providing operators with a high-performing platform, effective local execution, and product experiences that encourage player loyalty. MEGA plays a crucial role in this, helping to convert engagement into increased retention and long-term value. Soft2Bet’s shortlisting reflects its strong commercial performance, continuous product innovation, and industry recognition. It also emphasizes Soft2Bet’s commitment to its partners by equipping them with the platform technology and engagement tools necessary for sustained growth, enabling them to launch, localize, and scale their operator businesses effectively. 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.
More

Sportradar Bolsters iGaming Approach by Introducing Playradar

(AsiaGameHub) - Sportradar is increasing its investment in the iGaming sector with the introduction of its new brand Playradar, which will merge sportsbook and casino content into a unified product for global operators. The new division seeks to provide a fully integrated gaming ecosystem by combining multiple verticals within a single session. Edo Haitin, former Playtech CEO and current EVP of iGaming, is leading the initiative. Playradar will concentrate exclusively on regulated markets, with its initial rollout including the UK, North America, and Latin America. Over the coming months, the brand plans to launch diverse content including classic table games, arcade-style games, slots, and virtual reality experiences. Additionally, all products will incorporate responsible gaming features and integrity measures. Carsten Koerl, Founder and CEO of Sportradar, commented: iGaming constitutes a natural and scalable expansion of our operations, representing a strategic acceleration of our long-term growth strategy. Playradar's content is engineered to optimize cross-selling between sports and casino verticals, enabling operators to enhance player value and extend session durations during a period when engagement and retention are critical for operational sustainability. With Edo at the helm, we have a seasoned and proven industry veteran to propel the business forward, supported by a committed and enthusiastic team. Haitin brings over two decades of gaming industry experience to his role as an iGaming specialist, positioning him to make substantial contributions to product development. The strategy involves merging live and archived sports data, audiovisual streaming, and casino content into a seamless, round-the-clock entertainment offering supported by a dedicated 24/7 operations center. Sportradar views Playradar as a logical progression that leverages the organization's existing expertise. The company plans to utilize its internal game development capabilities, sports data infrastructure, streaming technology, and worldwide distribution network to build visibility and draw in prospective clients. Furthermore, the company's marketing and player engagement solutions are expected to assist partners in boosting acquisition, retention, and overall player lifetime value. Recently, Sportradar has initiated its iGaming sector entry by establishing a presence in markets such as Brazil, using this as a launchpad for the major Playradar introduction. Haitin added: By leveraging our unparalleled expertise in sports data and live streaming, combined with a demonstrated history of product innovation, we intend to develop hybrid content and gaming experiences that tap into the growing trend of sports-casino convergence. Our unique position allows us to seamlessly integrate live and historical sporting events, cutting-edge gaming mechanics, and casino content, with the added benefit of distributing games to an existing network of licensed operators. I am tremendously enthusiastic about further bolstering our iGaming division through Playradar and establishing it as a premier iGaming content provider, capitalizing on Sportradar's current resources and our exceptionally talented and veteran team. 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.
More
IGT plans to reduce its global workforce by 10% through 700 layoffs iGame

IGT plans to reduce its global workforce by 10% through 700 layoffs

(AsiaGameHub) - Hector Fernandez, IGT’s Chief Executive Officer, said that about 700 employees will be let go, which is equivalent to roughly 10% of the firm’s overall global workforce. In his March 23 letter announcing the job cuts, Fernandez noted that the layoffs are not a result of subpar performance; rather, they “are necessary to align resources with business priorities and simplify operational procedures to better position us for future growth.” IGT CEO Hector Fernandez stated in the letter: When we gathered in December for our first company-wide town hall after I took on the role of incoming CEO, I mentioned we would act swiftly to assess our business and make choices to bolster it. Over the last few months, we’ve honored that promise. We looked into our areas of focus, our operational methods, and how our structure backs our strategy. As part of this assessment, we also had to make tough calls about how our organisation is structured, and this process has led to a hard but essential step. IGT has pledged to support employees facing job loss through several measures: offering severance pay, outplacement services, and help with transitioning to new roles. Those affected by the layoffs will get assistance from the company. It remains unclear which regions will have employees impacted, which of IGT’s business segments will be affected, and how much cost savings the company will realize from the job cuts. 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.
More

Caesars initiates Alberta pre‑registration ahead of the regulated iGaming market

(AsiaGameHub) - Caesars is making its official debut in Alberta as the province moves toward establishing a regulated framework for online gaming. The Las Vegas-based company announced on Monday that Albertans interested in online gambling can now begin the pre-registration process. Furthermore, the operator has demonstrated its intent by submitting an application for an official license. This move positions the company as one of the early contenders ready to navigate a highly competitive landscape. Local residents aged 21 and older who enjoy betting or gaming can register ahead of the market's formal opening. Caesars intends to launch its complete digital suite in the province, featuring its primary Caesars Palace Online Casino brand along with Caesars Sportsbook & Casino and Horseshoe Online Casino. By utilizing multiple brands, the company aims to capture various market segments, a strategy it has already successfully implemented in Ontario and several U.S. jurisdictions. This approach allows the firm to address the specific preferences of different players simultaneously. While Caesars Palace and Horseshoe will serve as the primary casino platforms—offering a range of slots, table games, and live dealer options—Caesars Sportsbook will focus on sports betting while remaining integrated with casino offerings. The Alberta market is expected to be highly contested. Caesars is among more than 15 operators currently seeking licensure or preparing for entry as the province adopts a regulatory model similar to Ontario's. This transition represents a significant shift for the local industry. Regulators in Alberta have noted that a substantial portion of current online wagering occurs on offshore sites. Consequently, the shift to a regulated market is expected to favor licensed entities. Caesars' expansion comes at a time of record digital growth for the company, which recently reported an annual online turnover of nearly C$2 billion, driven largely by its North American iCasino operations. With the pre-registration phase now open and a full launch expected later this year, Caesars is working to secure a strong foothold in what is projected to become the second-largest regulated iGaming market in Canada. 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.
More