Category: iGame

(AsiaGameHub) - Gamblers Connect, the acclaimed iGaming media and affiliate platform, has announced a media partnership with iGaming Real Talk, one of the fastest-growing podcast platforms in the iGaming sector. iGaming Real Talk centers on authentic, unfiltered conversations with the individuals shaping the iGaming industry. Through its podcast and expanding WhatsApp community, iGaming Real Talk has created a space where operators, affiliates, and industry professionals can speak openly, share effective strategies, and cut through unnecessary industry noise. Gamblers Connect and iGaming Real Talk will co-produce podcast episodes, arrange guest appearances across both platforms, and create cross-promotional content that caters to both of their audiences. As a B2B iGaming media platform, Gamblers Connect is built to provide brands, podcasts, and industry voices with the exposure they rightfully deserve. Surya (Manesh) Palli, Host & Creator of iGaming Real Talk, commented: “Gamblers Connect is a fantastic platform that bridges B2B and B2C in the iGaming space, facilitating genuine conversations, valuable insights, and the latest industry news. iGaming Real Talk operates with the same core spirit, driving authentic discussions through our podcast and real-time insights via our WhatsApp community. This feels like a partnership that was always meant to be, and I’m genuinely excited about what we’ll create together.” Luka Dimitrijevic, Partnerships & Operations Lead at Gamblers Connect, added: “I’ve been following what Surya and the iGaming Real Talk team have been building, and it’s refreshing—no fluff, no corporate scripts, just honest industry conversations. That’s always been our approach at Gamblers Connect too, so when we started talking about working together, it just clicked. I think our audiences are going to get a lot out of this, and I’m looking forward to what we develop on the podcast side.” 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.

(AsiaGameHub) - SkillOnNet has chosen ClearStake to optimize its enhanced due diligence (EDD) and source of funds procedures across its diverse brand portfolio, which includes PlayOJO.Through this collaboration, SkillOnNet will implement ClearStake’s bank-based verification technology, transitioning from labor-intensive, manual processes to real-time evaluations and automated workflows.ClearStake incorporates a gambling-specific intelligence layer, enabling operators to customize request parameters, timing, and outcome automation. This results in quicker, more uniform decision-making, decreased operational workload, and a considerably smoother experience for players.Implementation will commence in the UK, with plans for subsequent expansion into other regulated markets globally.Eyal Naor, COO of SkillOnNet, commented: “Enhanced due diligence is fundamental to achieving sustainable growth within regulated markets. ClearStake empowers us to reinforce our controls while simultaneously enhancing speed and consistency throughout the player experience.”Martin Burt, CEO of ClearStake, further remarked: “EDD presents a significant challenge for operators concerning revenue, risk, and operational efficiency. The ClearStake platform is engineered to streamline these processes, enabling operators to make quicker, more informed decisions without the need for manual document verification.”This announcement underscores a wider industry trend emerging post-budget, as operators increasingly seek to safeguard profit margins, achieve efficient scaling, and operate with assurance in an ever more challenging landscape. This follows several recent implementations of ClearStake by other prominent UK brands. 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.

(AsiaGameHub) - Belatra, a prominent developer of cutting-edge online slots, has turned its attention to the cosmos with the launch of its electrifying new slot, Big Bang 2. Emerging from the vast expanse, Big Bang 2 introduces an innovative cascading mechanic set against an 8x8 grid. Wins are achieved when five or more identical celestial bodies form a cluster, connected either horizontally or vertically. Each victory triggers cascading explosions, causing new symbols to fall into place. The game is enhanced by captivating visuals and a futuristic soundtrack, creating a truly cosmic experience. At the heart of the game lies the Black Hole, which functions as a Wild symbol. In the base game, it possesses its own multiplier that increases by one each time it contributes to a winning combination. If multiple Black Holes are part of a win, their multipliers are combined and applied to the total payout. True Giants, ranging in size from 2x2 to 5x5, can appear on the grid at any moment. Each of these colossal symbols comes with a multiplier equivalent to its width, meaning larger planets yield greater rewards. The Planet Rain feature can activate randomly, transforming an ordinary round into a significant event by providing an instant boost to all winning clusters. During each round, a Coin Spawn Zone becomes active across three random positions. When planets explode within this zone, they release Cosmic Coins with values ranging from 1 to 100. These coins are then absorbed by the Black Hole that holds the highest multiplier on the field. The appearance of three or more Black Holes on the grid initiates five Free Games. These Black Holes remain fixed until the end of the bonus round, growing in power with each cascade. The Coin Spawn Zone expands to four positions at the start of the Free Games and continues to grow by one cell with every spin, thereby increasing the potential for larger wins. Hot Mode is activated when three Black Holes land simultaneously with a “+1” symbol. This mode features six high-intensity games with an expanding Coin Spawn Zone. Players also have the option to jump directly into the action by purchasing either the standard Bonus Games or the high-intensity Hot Mode. Regardless of the chosen option, the win potential in these modes is substantial, reaching up to 10,000 times the initial bet. Misha Voinich, Head of Business Development at Belatra, stated: “Big Bang 2 embarks players on an unforgettable journey through deep space, featuring rewarding mechanics such as merging Black Holes, expanding Coin Spawn Zones, and win potential up to 10,000x. This game has been meticulously designed for players who value style, aesthetics, and the excitement of epic discoveries within the boundless universe of gaming.” 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.

(AsiaGameHub) - QTech Games, the top game aggregator for all emerging markets, has taken home the 2026 Innovation of the Year title at the annual SPiCE South Asia Awards, held at the renowned Shangri-La Colombo in Sri Lanka, overcoming tough competition. This coveted award is consistently presented to the top all-around igaming innovator in the South Asian region for “revolutionary and technological innovation,” having developed innovative solutions over the past 12 months and excelled in user engagement and sustained growth. QTech’s latest innovation is the launch of QTech Hybrid, which now enables players to smoothly transition between traditional retail and digital platforms and vice versa, following a successful global rollout. QTech Hybrid is a software service that connects QTech Games’ AI-driven casino lobby (a leading game personalization engine called QTech Play) to a land-based (retail) management system and a cutting-edge integrated AMS (Agent Management System) for managing both retail locations and agents. This capability allows operators to expand their physical operations into the online space. QTech Hybrid streamlines and delivers the future of omnichannel solutions. QTech Games’ CEO, Philip Doftvik, said: “We’re delighted to have earned another significant victory for the best overall innovation in South Asia over the past year, not only due to QTech Hybrid but also because of continued growth driven by innovations such as QTechLabs and our Value Added Services. “This achievement is a testament to our hardworking team at QTech and the continuously evolving group of innovative suppliers that our offering encompasses. It’s truly a team effort. We’ve established ourselves as the preferred aggregator for emerging markets and remain dedicated to introducing high-quality content and retail innovations that generate new revenues for our global partners across South Asia and beyond. “Being acknowledged for our innovation, impact, and bottom-line results – to mention just a few of the key judging factors – will only strengthen our intercontinental expansion. It also reflects QTech’s broader strategic direction in emerging markets, where we are setting the benchmark and shaping the future of the online casino industry, with a well-established presence across and beyond Asia.” 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.

(AsiaGameHub) - iGaming Select, a new supplier hub focused on highlighting and assessing iGaming technology, is now live with a clear goal: to help operators more easily find the best products in an increasingly crowded, marketing-driven landscape. Founded by BetComply CMO Martin Hodges, iGP CMO Michael Baker-Mosley and Digital Footprints founders Sharon McFarlane and Steve Lee, iGaming Select curates verified reviews of hundreds of iGaming products—providing truly innovative solutions an opportunity to compete with larger established players. Martin Hodges, Co-Founder at iGaming Select, said: “The way operators choose suppliers isn’t working anymore. It’s become less about technology and product and more about visibility, marketing budgets and noise. iGaming Select is built on the simple principle that great technology should be easy to spot, giving operators a place to evaluate and compare suppliers based on their actual offerings.” As operators now face hundreds of suppliers with overlapping solutions, iGaming Select helps decision-makers separate signal from noise through clear product capability descriptions, structured categorization, operator-relevant details and reviews rooted in real-world use. The platform will also provide insights into how innovation can scale sustainably, giving operators, suppliers and investors a clearer understanding of where long-term value is being created. 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.

(AsiaGameHub) - Pragmatic Play, a top content provider for the iGaming industry, has broadened its arcade collection with the introduction of Chicken+, a retro-themed game offering fast-paced action and substantial winning opportunities. Featuring nostalgic 8-bit visuals, the game tasks players with evading oncoming traffic and other obstacles to safely guide the chicken across the highway. Each successfully crossed lane increases the win multiplier. Players can withdraw their earnings at any point or try to cross all lanes to secure the top prize, though a single random mishap results in a losing round. To aid their choices, players can view the potential payout and the percentage likelihood of reaching each lane. There are four risk tiers – Easy, Mid, Hard, and Daredevil. Increasing the level reduces the number of lanes per round but raises volatility, enhancing the maximum winning potential from 24x in Easy mode to over 3,000,000x in Daredevil. Blending retro graphics, a whimsical theme, a user-friendly interface, and quick betting rounds, Chicken+ caters to the rising demand for engaging, high-action games that are easy to play. This game is the newest addition to Pragmatic Play’s continuously expanding arcade lineup, coming after the launches of Plinko+, Spire+ and Mines+. Sharon McHugh, Director of Public Relations at Pragmatic Play, said: “Chicken+ merges retro appeal with straightforward, high-engagement gameplay. With adjustable risk levels and notable winning potential, it stands out as another attractive addition to Pragmatic Play’s varied arcade portfolio, encouraging players to take a chance and cross the road.” 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.

(AsiaGameHub) - WinadayCasino.eu is marking a life-altering milestone for one of its long-time loyal players, as Scott O., a maintenance worker aged over 50, hit an incredible $200,758.55 jackpot while playing Leprechaun Luck during the early hours of January 29. To celebrate this special occasion, Winaday Casino is offering a $25 Free Chip to all new and existing players through April 30th, redeemable on all Slotland Entertainment slot games. The prize has completely reshaped the retirement outlook for the recently remarried father of two, who now plans to secure his family's financial future while enjoying a handful of well-earned luxuries. Scott was unwinding in his living room recliner after his evening meal when lucky fortune struck. “Truth be told, I just froze for a moment. I stared at the screen and thought, there's no way that just happened,” Scott recalled. “Then I called out for my wife to come take a look because I needed someone else to confirm it was real. I was stunned, overjoyed, and probably a little shaky for a couple of minutes.” He had been playing on his tablet for just 30 to 40 minutes as a way to wind down at the end of the day, when the popular slot game paid out a sum that was far larger than any previous win he had ever earned. Scott, who plays at Winaday and Slotland several times each week, has clear plans for his unexpected windfall. Aside from paying off all outstanding bills and growing his savings, he intends to support his two grown children with their educational costs. He also hopes to build a backyard area where his family and their dog can spend quality time together. “For me, this win isn't just about the money, it's about making daily life a little easier and doing nice things for the people I care about most,” Scott said. Michael Hilary, Manager at Winaday Casino, shared the platform's warm congratulations. “We are absolutely thrilled for Scott and his entire family,” Hilary said. “This is the exact moment every player dreams of, and seeing it happen for someone who plays responsibly and genuinely enjoys the experience makes it even more special. Scott's story perfectly captures what Winaday is all about—providing entertainment that occasionally delivers truly extraordinary, life-changing moments. We wish him and his family all the happiness in the world as they begin this exciting new chapter.” Scott, who values Winaday's simple, straightforward interface and convenient at-home access, offered practical tips for fellow players: set a clear budget, play for entertainment, and know when to step back when luck is on your side. “But winning was such an incredible feeling,” he added. “What made it even better was being able to share that exact moment with my wife right there at home. It's a memory I will never forget.” Winaday Casino continues to welcome new players who are chasing their own lucky moments. $25 FREE CHIP, Valid Until April 30, 2026 * Wagering requirements: 30x * Maximum cashout: $100 * Available for both new and existing players * Limited exclusively to slots from Slotland Entertainment * Code: SCOTTSLUCK 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.

(AsiaGameHub) - BMM Innovation Group (“BMM,” “BIG Group,” or “BIG”), an international technology firm specializing in compliance testing, cybersecurity, and training for the regulated gaming sector, has announced its participation in the 2026 Indian Gaming Tradeshow & Convention (IGA), taking place March 30–April 2 at the San Diego Convention Center. Through its primary divisions—BMM Testlabs, BIG Cyber, and RG24seven Virtual Training®—BIG reaffirms its enduring dedication to supporting Tribal operators, suppliers, and regulators throughout North America. As an official sponsor of the event, BMM Innovation Group highlights its sustained investment in the Tribal gaming sector. The company will have representatives from BMM Testlabs, BIG Cyber, and RG24seven Virtual Training on-site to engage with industry partners and Tribal leadership. Travis Foley, BMM Chief Government and Regulatory Officer, stated, “Tribal gaming has remained a cornerstone of BMM’s history. We are proud to support the Indian Gaming Association and remain committed to collaborating with Tribal regulators, operators, and suppliers to enhance compliance, ensure player protection, and foster sustainable growth throughout Indian Country.” Throughout the convention, BIG subject matter experts will participate in various educational sessions aimed at improving security, operations, responsible gaming, and human resources for Tribal gaming entities: Peter Nikiper, Director of Technical Compliance, will conduct Level III Commissioner Training on Network Risk Assessment, providing regulators with insights into modern technological threats. Heather Lee, Senior Director of Sales at BIG Cyber, will lead the panel Cyber Defense Fundamentals: Protecting the Gaming Enterprise, which covers actionable methods for improving cybersecurity posture. Wendy Anderson, CEO of RG24seven Virtual Training, will participate in the responsible gaming session, Innovate. Protect. Heal: The Future of Tribal Problem Gambling Prevention Begins Here, and will also facilitate the HR-centric discussion, Workforce Sustainability: Building Talent Pipelines That Actually Hold. BMM Innovation Group provides Tribal gaming organizations with a comprehensive service portfolio via BMM Testlabs, BIG Cyber, and RG24seven Virtual Training, encompassing product certification and testing, cybersecurity defense, and specialized compliance-focused virtual training for gaming staff. Register to Attend IGA To secure complimentary access to the IGA exhibit halls provided by BMM Innovation Group, click 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.

(AsiaGameHub) - Yggdrasil has launched its debut LightningLines game, Coo Coo Cashoo, a colourful, clock-filled title that offers players up to 117,649 ways to win across its six-reel layout. The all-new mechanic features a variable reel layout, with each column holding 2 to 7 symbols to significantly boost the number of winning ways. This dynamic icon arrangement ensures every spin offers a unique combination. The game puts clock faces—both analogue and digital—at the centre, while an overworked clock shopkeeper borders the reelset. Every scatter that lands boosts the spin’s multiplier by +1, even without triggering the bonus round. Landing three or more scatters on the reels triggers the bonus round, with six scatters awarding the maximum of 20 free spins. During free spins, the scatter multiplier does not reset—every scatter landed throughout all spins adds to the multiplier, offering a maximum win of 5,323x. Coo Coo Cashoo is the latest core game added to Yggdrasil’s portfolio, offering new high-volatility gameplay to complement existing standout titles such as Vikings, MexoMax, and Raptor. Ricardo Viana, Executive Creative Director at Yggdrasil, said: “Working on Coo Coo Cashoo was a blast. It’s rare for every element of a game to work together so cohesively. The gameplay’s math model is highlighted by the animated visuals; the visuals are supported by a reactive audio track; the audio track follows the flow of the gameplay. “I think players will enjoy the overall experience Yggdrasil has crafted when playing our game.” 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.

(AsiaGameHub) - Blueprint Gaming has launched its much-awaited Game of Thrones slot, marking one of the company's most important IP deals so far and representing a key step in its ongoing plan to combine well-known entertainment properties with advanced, contemporary slot features. Created together with Warner Bros. Discovery Global Experiences, this release kicks off an extensive multi-game plan based on HBO's Game of Thrones and House of the Dragon worlds. Hardly any modern franchises have made such a cultural mark as Game of Thrones. Its ten-year run on TV built a worldwide following, earned critical praise, and drew record viewership, while House of the Dragon has kept growing George R.R. Martin's universe for a new audience. Blueprint's latest game seeks to reflect this magnitude through an extensive array of features that immerse players in the political intrigue and power battles of Westeros. Central to the design is Conquer the Houses, an advancing system centered on four famous families, each providing a unique Collect-style modifier. The Night's Watch clears all visible cash amounts; House Stark freezes symbols and renews the grid; House Baratheon shifts reels to create cash piles and activate respins; and House Lannister increases visible values with opportunities to add extra symbols. House Targaryen rounds out the collection, gathering all reel values then initiating repeated respins on non-Collect reels to prolong winning possibilities. These multi-level features guarantee that each House provides substantial gameplay diversity. Further unpredictability is introduced by Dragon Fire Modifiers, which can randomly activate to provide strong enhancements and increased volatility. Advancement is powered by The Seven Kingdoms Map, where obtaining two Bonus symbols moves players forward toward improvements, concealed Iron Throne rewards, and finally the Iron Throne Super Bonus. The main Iron Throne Spins feature gives 10 free spins with all unlocked Collect features in play. Collect symbols award additional spins and multipliers, and sufficient advancement activates a x10 cash-prize multiplier to heighten both excitement and winning potential. This launch demonstrates Blueprint's dedication to matching major entertainment licenses with math-based gameplay tailored for modern online players. By acquiring and developing one of TV's most recognizable franchises, the company keeps proving its skill at turning cultural landmarks into commercially successful slot games built on depth, advancement, and technical complexity. More games from both the Game of Thrones and House of the Dragon universes are coming as part of Blueprint's custom series, spreading the Westeros legacy throughout the iGaming sector and providing operators with a launch of unusual magnitude and importance. Charlie Jacka, Head of Product at Blueprint Gaming, said: “Very few contemporary series have attracted worldwide viewers like Game of Thrones has. For this initial game, we aimed to mirror the scope and power of the license through multi-tiered mechanics and solid advancement. Elements like Conquer the Houses, the developing Seven Kingdoms Map, and Iron Throne Spins merge Collect functions with modifiers and multipliers that generate increasing energy throughout the playing session. With the power of the brand and the richness of the features, we anticipate exceptional results from a game that will appeal powerfully to both series enthusiasts and dedicated slot gamers.” 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.

(AsiaGameHub) - Wazdan, the leading profit-focused developer, has rolled out its newest retro-themed title, Magic Fruit$: Oranges, further growing its portfolio of dynamic, performance-optimized games. The new launch offers a contemporary twist on the classic fruit slot, pairing familiar visuals with a range of engagement-focused mechanics built to improve player experience and support long-term user retention. At the heart of the game is Wazdan’s fan-favorite Cash Infinity feature, which builds excitement across all stages of gameplay while raising the potential for high-value payouts. The title also brings the much-loved Cash Out mechanic to the base game, giving players the chance to lock in immediate cash prizes. During play, a Cash Out label may appear on a random reel and stay active for five consecutive spins. If a bonus symbol lands on that reel when the countdown hits zero, the player is granted the prize corresponding to that symbol. Players can also trigger the popular Hold the Jackpot bonus round, which offers the chance to take home fixed jackpots. The game is further upgraded with the Chance Level feature, which lets players boost their odds of accessing the bonus round by multiplying their base bet by 2x, 4x or 6x. Taken together, these mechanics mirror Wazdan’s engagement-centered philosophy, focused on building customizable player experiences via solutions crafted to deliver proven results across all regulated markets. Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Growing our portfolio with titles like Magic Fruit$: Oranges is a very fulfilling process for the entire Wazdan team and reflects the evolutionary journey our company has taken. In an increasingly crowded market, the biggest challenge is staying an innovative supplier while upholding the quality of the user experience, and that is exactly what guides our game development approach. “With features including Cash Infinity and Chance Level, we continue to go above and beyond for our partners and players by delivering immersive products that make a tangible difference across regulated markets.” 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.

(AsiaGameHub) - Stakelogic has unveiled Candy Links Bonanza 3, the newest addition to its well-liked Candy Links series and the third installment in the franchise. Set in a vibrant world filled with colorful sweets, golden Coins, and glittering Hot Spots, Candy Links Bonanza 3 expands on the mechanics that defined the previous games, refining that same winning formula with a new dose of candy-themed surprises. The game features 3,125 ways to win, where matching symbols create combinations from left to right. Coin symbols can appear during play and are added to the Hurricane Links panel, where they’re collected and saved as players work toward extra Coin-based prizes. Inside the panel, Coins can line up horizontally, vertically, or diagonally. When five Coins connect, their values are paid out, and multiple combinations can be activated in a single round. Since collected Coins stay in place until the feature resets, this mechanic generates a distinct sense of progression as the panel fills and new winning patterns emerge. Enhancing the gameplay’s excitement is the Hot Spot feature, which can show up on any spin—if Coins or special symbols land in it, the reward gets a boost. Additionally, special symbols like Rocket, Chest, and Coin Machine can affect the Hurricane Links panel by adding Coins or multiplying their values, speeding up progress as the panel fills. The Free Spins feature is activated by three or more Bonus symbols. During Free Spins, Wilds and Multipliers can appear, and Hot Spots become even stronger, acquiring the ability to duplicate regular symbols. At the height of the bonus round, players can activate the Wheel of Fortune, which provides opportunities to win multipliers and jackpot prizes such as Mini, Minor, Major, and Mega rewards. James Jelliffe, Head of Slots at Stakelogic, commented: “Candy Links Bonanza has become a popular series for us, so it seemed like the perfect moment to come back with an even more expansive and vibrant third chapter. Candy Links Bonanza 3 embraces the playful charm that players love about the game’s world, while injecting the series with a new burst of energy for its next iteration.” 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.

(AsiaGameHub) - A recent report indicates that New York’s three full casino licensees have the potential to achieve annual gaming revenues as high as $5.6 billion. Final approval for the three new licenses was granted by the New York State Gaming Commission in December. Following a competitive selection process, the sought-after licenses were awarded to Bally’s Bronx, Hard Rock Metropolitan Park in Queens, and Resorts World New York City at Aqueduct Racetrack. An analysis by CBRE Institutional Research suggests all three locations are poised to be highly profitable. The completion of all projects is anticipated by 2031. For their first full year of operation, the base-case estimate for Gross Gaming Revenue (GGR) is $4.7 billion. This would position the region as the second-largest gaming market in the United States, trailing only Las Vegas. CBRE stated, “The Downstate New York market is significantly under-penetrated, and there is a strong case for each of the three projects to be among the highest revenue-generating casinos across regional gaming.” Huge Gaming Floors to Attract New York Gamblers New York is already a leader in sports betting, with its handle hitting $26.3 billion in 2025. The state exhibits a substantial appetite for wagering, and the new casinos will offer numerous gambling opportunities for residents. CBRE explained, “The proposed gaming floors are massive, featuring some of the largest table game areas, if not the largest, seen in regional gaming, with over 200, 400, and 500 tables planned for Bally’s Bronx, [Hard Rock] and RWNYC, respectively.” Upon full completion, Resorts World NYC is projected to be the largest casino in the US, equipped with 6,000 slot machines and 800 gaming tables. The company plans to launch the initial phase of the full-scale casino later this year, offering up to 4,000 slot machines and 250 table games. “RWNYC should also benefit from having existing casino infrastructure in place and an already established customer base, as the proposed project is an expansion of the existing facility rather than a ground-up development,” CBRA stated in its report. Other New Venues Set for 2030 Openings The two other venues will be constructed from the ground up. Hard Rock Metropolitan Park is planned to include roughly 5,000 slot machines and 375 table games, which will incorporate 30 poker tables. Developers expect to break ground this year, aiming for an opening around 2030. Bally’s Bronx is also scheduled for a full opening in 2030, with plans for approximately 3,500 slot machines, 210–250 table games, and 40 poker tables. All three casinos are situated in prime locations to draw visitors. CBRE observed, “Each location benefits from a high volume of passerby traffic, non-gaming-specific reasons to visit, and a large population base within a reasonable drive-to and/or train-to radius.” Gaming Expected to Dominate Revenue According to analysts, a bullish scenario projects total annual revenue reaching $7.8 billion, with gaming expected to contribute over 70% of that total. “This contrasts with Las Vegas, where gaming accounts for less than one-third of Strip property revenue. We do not expect Downstate New York to resemble the Vegas model – these will remain gaming-dominated properties, especially given the higher margins associated with gaming versus hotel or ancillary spending,” said CBRE. New York is not anticipated to experience the same declining visitor figures as Vegas. Over 65 million people visited the Big Apple last year. Resorts World will have the largest hotel capacity with about 2,000 rooms, followed by Metropolitan Park with 1,000, and Bally’s Bronx with slightly more than 500. As reported by Inside Asian Gaming, analysts Colin Mansfield and Connor Parks said the hotels are unlikely to compete with New York City’s already substantial cash-paying customer base and will instead be largely reserved to drive gaming demand. 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.

(AsiaGameHub) - Authorities in South Korea report that illicit money exchange operations are focusing on Chinese gamblers within the island province of Jeju. The region, a major destination for Chinese travelers, features eight casinos restricted to foreign nationals. Law enforcement officials note a spike in local crime, attributing the trend to an increase in gambling-related pursuits. According to the South Korean newspaper Dong-A Ilbo, the Jeju Metropolitan Police Agency recently announced a series of security measures aimed at curbing these offenses. The agency highlighted a growing number of illegal currency transactions involving foreign passport holders. A police representative explained that these unauthorized brokers serve undocumented individuals and casino visitors looking to move large sums of money abroad while bypassing legal remittance caps. Chinese Gamblers: Authorities Launch Crackdown on Exchanges Beyond currency, these operators offer illicit loans, which often escalate into serious offenses like kidnapping, extortion, assault, and fraud, according to the spokesperson. Police also warned that fraudsters have begun preying on undocumented immigrants and Chinese gamblers in the Jeju area. In one instance from February, a Chinese national in his 50s lost 30 million won (approximately $20,000) to a scammer posing as a broker. The two individuals connected via the WeChat social media platform. Officers stated the victim handed over the funds under the impression that the operator would securely transfer the money to China. However, the suspect reportedly vanished after receiving the cash and failed to complete the international transfer. Officials emphasized that these illegal activities frequently result in violent encounters. Last November, three individuals were detained for the two-hour abduction of a Chinese woman in her 30s inside a hotel room. The victim was located in a luxury Jeju City hotel that houses a casino. She informed authorities that she had intended to exchange $87,000 worth of Chinese yuan for local currency. Additionally, a year ago, three Chinese citizens, including a woman in her 40s, were apprehended for the fatal stabbing of an illegal broker to settle gambling debts. The group was accused of stealing roughly $57,000 in valuables, including casino chips and cash. Law Enforcement Issues Public Warning Jeju police told the press they anticipate a further rise in such crimes as the number of tourists continues to grow. Between 2022 and 2024, visitor arrivals surged to 662,976, nearly a fourfold increase. During that same timeframe, casino earnings reached $324 million. The casino located at the Jeju Shinhwa World resort in Seogwipo, Jeju Province, South Korea. (Image: jejushinhwaworld/Facebook) To combat this, a specialized WeChat channel has been established for reporting suspicious activity to Jeju’s Foreign Affairs Police Force. Authorities are also intensifying social media outreach targeting international visitors. The Jeju police plan to display promotional materials in casinos and high-traffic areas to encourage the use of legitimate financial institutions. A sub-tropical beach scene on South Korea's Jeju Island. (Image: Jungjin Moon) A spokesperson warned that utilizing black-market exchanges puts individuals at risk of violent crimes against their person and property. Local government officials are supporting the initiative through casino inspections to ensure entry protocols are followed. A similar effort last year uncovered 15 procedural violations. In September, Jeju police detained several Chinese nationals following what was described as a “riot” at a casino. The incident involved approximately 50 Chinese citizens and casino staff after a player accused a dealer of cheating during a card game. 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.

(AsiaGameHub) - Slot machine developer International Game Technology (IGT) is conducting global layoffs of 700 employees, which constitutes roughly 10% of the company's workforce. CEO Hector Fernandez notified employees of the job reductions via a letter sent on Monday. Since taking on his position in December of last year, Fernandez has been assessing the company's workforce. “We looked into our areas of focus, our operational methods, and how our structure aligns with our strategy. As part of this evaluation, we were compelled to make tough choices regarding our organizational setup, and this process has resulted in a challenging yet essential step,” he wrote. The layoffs are not tied to employee performance; instead, they aim to streamline operations following last year's merger with Everi. The merger was part of a takeover by New York-based firm Apollo, which agreed to acquire both companies for $6.3 billion in 2024. Fernandez was appointed to lead the newly formed company and added, “The changes we are announcing today are part of our endeavor to simplify our structure, eliminate redundancies, and allow us to operate with increased clarity and speed.” Plan Devised During Year of Waiting Fernandez noted that severance packages are being offered to affected employees. He added, “For those departing IGT as a result of this action, we are dedicated to providing severance pay, outplacement assistance, and transition resources.” Prior to assuming his CEO role, he was required to wait a year due to a non-compete agreement from his former position as CEO of Aristocrat. During his year away, he stated that he developed a business plan centered on the 5 C’s: culture, capabilities, content, commercialization, and cash-flow generation. “I crafted the plan, strategy, and execution approach for this role. I couldn’t engage in competition, but I could apply my intellect. That’s exactly what I did,” said Fernandez. Company Moves to Next Chapter Fernandez encouraged remaining employees to unite and push the company forward. “What is crucial now is how we progress collectively: supporting one another, concentrating on our priorities, and continuing the work that will shape the next chapter of our company. We joined forces to build an enterprise capable of leading in a fast-evolving industry, and I remain confident in that opportunity and in the strength of our team,” he told staff. The layoffs were first reported by the Las Vegas Review-Journal, though the outlet did not specify how many of the job losses are in Nevada. IGT operates two facilities in the state, including a Las Vegas location near Buffalo Drive and Sunset Road. The company moved its headquarters to Vegas last year following the merger. The company also has employees in Texas, California, Oklahoma, and New Jersey. Internationally, it maintains a presence in Europe, Australia, India, and Latin America. In his letter, Fernandez did not specify the locations of the job cuts. When announcing the deal to acquire IGT and Everi, Dave Cohen, a partner at Apollo, stated, “We are eager to collaborate with all individuals at IGT Gaming and Everi to advance the combined enterprise.” 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.

(AsiaGameHub) - Medical professionals in Indonesia report a sharp increase in inpatients suffering from gambling addictions, with several hospitals struggling to manage the rising patient count. The Indonesian media outlet Jatim Times reports that the surge in patient numbers is driving a steep rise in hospital bed occupancy rates. Officials note that during certain times of the year, these rates have exceeded 90%. Doctors attribute much of this trend to severe gambling addiction. Staff at Surabaya’s Menur Mental Hospital stated that between January and April 2025, the facility treated 51 patients with serious gambling disorders—16 of whom were inpatients. By May, that number had reached 85. These statistics point to a significant upward trend. For the entire year of 2024, the same hospital treated a total of 68 gambling addicts. Trend Extends to Other Parts of Indonesia The Surabaya figures are not isolated. Physicians in the capital, Jakarta, have reported similar patterns. In November 2024, Indonesian media outlet Radar Bangkalan reported that staff at Dr. Cipto Mangunkusumo Hospital (RSCM) said around 100 people had received inpatient treatment for gambling-related issues in recent months. The Dr. Cipto Mangunkusumo Hospital in Jakarta, Indonesia. (Image: Edogang1) Kristiana Siste Kurniasanti, head of the hospital’s Psychiatry Division, noted there has been a “significant rise” in the number of patients with similar conditions. She said approximately 200 outpatients are also receiving treatment for gambling addiction, adding that some patients are as young as 14. Siste stated the figures doubled in 2023 and tripled the following year. “These figures have continued to balloon,” she added. “Addicts don’t know when it’s morning, afternoon, or evening anymore,” she told Indonesian media outlets last week. “They don’t even know when their money is gone. Addicts will go to any lengths to find money to gamble. They even commit crimes, such as stealing other people’s money and belongings.” Experts told Radar Bangkalan that similar cases “have been found in many areas,” with the number of patients likely much higher in other parts of the country. Medics said online gambling began to gain traction in Indonesia during the coronavirus pandemic. They blamed easily accessible online loan providers for enabling people to bet on credit. Earlier this month, police in Kupang city arrested a taxi driver they said had become addicted to gambling. The 30-year-old man allegedly pawned his employer’s car to fund his online betting sprees. Police Make Arrests Meanwhile, police continue their crackdown on online casinos, which has so far seen regulators freeze tens of thousands of dollars in hundreds of citizens’ bank accounts. Officials say all the accounts were used to make deposits or withdrawals on online casino platforms. In East Java’s Ngawi Regency, regional police officers report they have arrested six people on suspicion of using their mobile phones to gamble online. The media outlet Surya Indonesia reported that police confiscated all six suspects’ mobile phones and bank cards. At a press conference, they showed media representatives screenshots of banking applications they said the suspects used to place online bets. “We will crack down on all social ills, including […] online gambling,” a police official told the press. “We ask for the community’s help in this matter. Together, we can work to create a safe and comfortable environment in the Ngawi Regency.” 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.

(AsiaGameHub) - DraftKings, FanDuel, Genius Sports, and the National Football League are facing a product liability lawsuit filed by the Public Health Advocacy Institute (PHAI), which claims the firms collaborated to develop and profit from an “unreasonably dangerous” online gambling product built to fuel addiction. The 81-page legal filing was submitted on March 24 at the Court of Common Pleas of Philadelphia County on behalf of two Pennsylvania residents: Christopher Sage and Terry Thompson. Live microbetting, which lets users place quick, consecutive bets during a sporting event, is the core focus of this lawsuit. The plaintiffs claim that the design elements of online sports betting platforms — such as tailored promotions, real-time statistics, and VIP outreach — are crafted to amplify addictive betting habits. Combined, the plaintiffs state they placed millions in bets and lost over $2 million while using the FanDuel and DraftKings Sportsbook applications. In the press release announcing the lawsuit, Mark Gottlieb, executive director at PHAI, said: “These defendants, including the NFL, are working in tandem to turn regular sports fans into constant gamblers. By leveraging coordinated immersive marketing, artificial intelligence, cloud computing, and customer-specific algorithms, they manipulate users’ cognitive processes and inflict lasting, severe harm on long-time fans like Mr. Sage and Mr. Thompson.” The lawsuit alleges that the tactics used by these firms transform “casual sports fans and recreational bettors into compulsive gambling addicts.” By naming parties across the entire sports betting ecosystem — including sportsbook operators, data suppliers, and the NFL directly — the filing argues the system is set up so every participant helps boost betting volume, with all parties walking away with profits. The plaintiffs are requesting both compensatory and punitive damages, plus an injunction to halt the defendants’ supposedly wrongful conduct. Lawsuit Targets Microbetting, Personalization & ‘Always-On’ Gambling The “flawed design” of the named sports betting platforms lies at the heart of this lawsuit. The filing draws a comparison between modern apps and traditional sports betting, where fans had to travel to place wagers before a game began and then wait for the final outcome, claiming DraftKings and FanDuel eliminated those natural restrictions and replaced them with a quicker, constantly accessible system centered on in-game live microbetting. The filing claims these apps “remove the limitations that once constrained in-person sports betting locations,” crafting a “tailored and ultra-fast sports gambling interface.” The lawsuit explains how these quick bets placed on individual pitches, plays, shots, or other in-game moments impact bettors, stating they trigger a “trancelike state known as ‘dark flow,’ where users become fully immersed in the game.” Unlike standard sports bets, which are settled only once a game concludes, microbets can be resolved in just a few seconds. All these elements create a fast feedback cycle that keeps users engaged and pushes them to place repeat bets. To support its case, the lawsuit draws a parallel between microbets and slot machines, noting that the practice “fully immerses users in the constant cycle of ‘pulling the lever’ or clicking to place the next microbet while waiting for the next potential win.” As a result, the plaintiffs allege: Christopher Sage developed a serious gambling addiction after using the apps, losing more than $40,000 on DraftKings and $130,300 on FanDuel. Terry Thompson faced even more devastating losses, with a total of approximately $1.52 million on FanDuel and $336,000 on DraftKings. The filing also points out the role that tailored marketing plays in fueling addictive betting on these platforms, such as push notifications and VIP hosts assigned to high-spending users. The lawsuit claims that in some instances, these outreach efforts continued even after users tried to cut back or stop their gambling entirely. These elements, the lawsuit contends, lead to a product design that prioritizes user engagement and corporate profits over the safety of bettors, drawing comparisons to highly addictive substances such as heroin, cocaine, and tobacco. Commenting on the lawsuit, PHAI Litigation Director Andrew Rainer said: “Following the example set by the tobacco industry, the online sports gambling sector has crafted a highly addictive, nearly impossible-to-resist product that blasts consumers with dozens of betting chances each and every minute, leaving a wake of shattered lives, including our clients Chris Sage and Terry Thompson. “Instead of continuing to line their pockets with billions in annual profits, those responsible for this destruction — DraftKings, FanDuel, Genius Sports, and tragically, the NFL — must be held accountable. This is the process we are launching today.” Lawsuit Puts NFL, Genius Sports Relationship Under Scrutiny A notable aspect of this lawsuit is the inclusion of the NFL and Genius Sports, whom the filing identifies as critical enablers of the modern sports betting ecosystem. Genius Sports holds exclusive rights to distribute NFL data to sportsbooks, supplying the real-time statistics required to run microbetting markets. The lawsuit claims the NFL has a direct financial stake in this system, as it holds an equity share in Genius Sports and its licensing agreements. “The NFL Defendants engaged in unfair or misleading practices by providing DraftKings and FanDuel, via Genius Sports, with officially licensed live NFL game and player data and statistics — data they knew was essential for DraftKings and FanDuel to build microbetting options into the design of their Sportsbook apps,” the lawsuit alleges. Per the filing, this partnership benefits both organizations when betting volume rises, particularly high-frequency bets like microbets, which bring in significant commission revenue. PHAI, the group that filed this lawsuit, has a long track record of legal actions against the tobacco industry, including public liability cases that resulted in multibillion-dollar settlements in the 1990s. Whether the group will achieve similar success in its fight against the sports betting industry will now be determined by the courts. 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.

(AsiaGameHub) - Sens. John Curtis (R-UT) and Adam Schiff (D-CA) unveiled bipartisan legislation on March 23 that would prohibit prediction markets overseen by the Commodity Futures Trading Commission (CFTC) from offering contracts tied to sports events and casino-style activities. This proposed bill joins a growing roster of legislative efforts aimed at curbing prediction markets as these platforms face heightened oversight from lawmakers on Capitol Hill. The Prediction Markets Are Gambling Act would revise the Commodity Exchange Act (CEA) to prevent registered entities from providing contracts related to sporting events, athletic contests, or casino-type games. Should the bill become law, it would explicitly affirm that states hold complete jurisdiction over sports betting and casino-style gambling. Prediction markets are offering sports bets — just with a different name. They are being offered in states where sports betting is illegal, like California, while federal regulators are greenlighting them rather than enforcing the law.My bipartisan legislation with… pic.twitter.com/oNvI2vw9IP— Adam Schiff (@SenAdamSchiff) March 23, 2026 This legislation emerges at a time when sports-related contracts are a major point of contention in discussions about the legality of prediction markets. State regulators, tribal representatives, industry associations, and certain legislators have contended that sports event contracts are no different from sports betting, serving as a loophole that lets CFTC-regulated platforms bypass state laws and operate in regions where conventional sports wagering is limited or prohibited. Redefining the Rules of the Game In its current form, the bill would resolve the ongoing debate about whether event contracts are legitimate hedging instruments or merely digital bets. The legislation would modify the CEA to clearly define and prohibit contracts linked to “sporting events or athletic competitions” and “casino-style games”—a category that covers everything from slot machine activities to professional and college sports. Speaking about the proposed legislation, Curtis put it in terms of state authority and consumer protection: “Too many young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not under federal regulators. Our bipartisan legislation clarifies regulatory jurisdiction, ensuring that states can maintain their authority over sports betting and casino gaming.” Schiff was more straightforward in criticizing the current setup of prediction markets, asserting that “sports prediction contracts are sports bets—just under a different label.” He noted these products are available across the country “in blatant violation of state and federal laws” and framed the bill as a means to shut a regulatory “backdoor” that undermines state consumer safeguards and tribal self-governance. Capitol Hill Continues to Ramp Up Pressure on Prediction Markets The Prediction Markets Are Gambling Act is the newest addition to a recent surge of legislative measures aimed at prediction markets—an industry Schiff referred to as the “Wild West” when he introduced the DEATH BETS Act on March 11. Beyond sports and casino-style activities, Congress is targeting prediction markets from several angles as it seeks to impose stricter regulations on these platforms: Political Integrity: Rep. Ritchie Torres (D-NY) put forward the Public Integrity in Financial Prediction Markets Act, which would prohibit federal officials from trading in government-related contracts when they have access to nonpublic information. The “Death Bets” Ban: Senator Schiff also recently unveiled the DEATH BETS Act, which explicitly forbids contracts linked to war, assassinations, or the death of an individual. Consumer Protections: The Prediction Markets Security and Integrity Act, backed by Sen. Richard Blumenthal (D-CT) and Sen. Andy Kim (D-NJ), suggests a more comprehensive regulatory structure that includes age verification requirements and a prohibition on using credit cards for betting. As prediction markets grow in popularity, Capitol Hill lawmakers are signaling their intent to influence the future direction of the industry. 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.

(AsiaGameHub) - The PGA Tour schedule rolls on this week with the Texas Children’s Houston Open, and Scottie Scheffler enters the event as the primary betting favorite. Matt Fitzpatrick is coming off his third career PGA Tour title at last week’s Valspar Championship, while Min Woo Lee returns as the defending champion of the Texas Children’s Houston Open. Texas Children’s Houston Open Betting Odds at DraftKings Below are the odds for the top contenders to win the Texas Children’s Houston Open according to DraftKings: Scottie Scheffler +320 Min Woo Lee +1800 Chris Gotterup +2500 Jake Knapp +2600 Sam Burns +2800 Brooks Koepka +2900 Kurt Kitayama +3000 Rickie Fowler +3300 Nicolai Hojgaard +3300 Marco Penge +3800 Michael Thorbjornsen +3900 Ben Griffin +4000 Adam Scott +4300 Harris English +4300 Ryan Gerard +4500 Harry Hall +4600 Keith Mitchell +4700 Taylor Pendrith +5200 Rasmus Hojgaard +5200 Wyndham Clark +5400 Shane Lowry +5500 Pierceson Coody +5500 Sam Stevens +5600 Sahith Theegala +5900 Alex Smalley +6200 Davis Thompson +6400 Jason Day +6500 Tony Finau +6600 Stephan Jaeger +6600 Ricky Castillo +6800 Sungjae Im +7000 Top Favorite Bet for the Texas Children’s Houston Open Chris Gotterup (+2500) Memorial Park is a course that rewards long hitters, making Chris Gotterup a prime candidate for success this week. Gotterup currently sits at sixth on the tour in driving distance, averaging 319.1 yards. His personal best this year was a 367-yard drive at the WM Phoenix Open, a tournament he won back in February. Additionally, Gotterup secured a victory at the Sony Open to begin his 2026 season. He has shown he can handle the pressure of contention and could find himself in the winner's circle again on Sunday. Top Sleeper Bet for the Texas Children’s Houston Open Michael Thorbjornsen +3900 Michael Thorbjornsen appears to be on the verge of his first victory on the PGA Tour. He recently went head-to-head with Gotterup at the WM Phoenix Open, finishing just one stroke behind the lead. Thorbjornsen also played in the final pairing at The Players Championship alongside Ludvig Aberg, though a difficult 5-over round resulted in a T-22 finish. As a powerful driver who also performs well on the greens, he has a strong chance to secure his first tour win in Houston. Top Longshot Bet for the Texas Children’s Houston Open Tony Finau +6600 Tony Finau is a past champion at this event, winning the 2023 Houston Open before returning to claim a runner-up finish the following year. Finau arrives in Houston following a solid T-18 performance at last week's Valspar Championship. While his overall form is strong, he can occasionally struggle with his accuracy off the tee. That should not be a major concern at Memorial Park, a venue that is forgiving off the tee and features the fewest bunkers of any course on the tour. 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.

(AsiaGameHub) - Codere, Spain’s second-largest gambling company after Cirsa, is being offered for sale with a valuation of approximately €2 billion ($2.3 billion). According to a report from Spanish news outlet Expansión, the company has engaged US firm Jefferies and Australia-based Macquarie Capital as financial advisors to oversee the sale process. Sale To Complete In Summer The process remains in its early stages, with a provisional mid-May deadline for interested parties to submit non-binding offers. Binding offers are expected to be submitted around July, with a purchase agreement finalized by August. Established by the Martínez Sampedro family in 1980, the company has undergone multiple restructurings in recent years. Its current shareholding is now distributed among roughly 84 investment funds, with Davidson Kempner holding a 13.3% stake, followed by Palmerston Capital (5.6%), Deltroit (5.47%), System 2 Capital (5.15%), and Invesco (5.14%). Company in Good Financial Health A 2024 agreement with creditors converted approximately €1.2 billion of debt into equity. Gonzaga Higuero, the company’s CEO, described the deal as “a decisive success for Codere, a guarantee for the future that secures our financial position and reactivates the company’s ability to achieve its set growth objectives.” In 2024, the group recorded revenues of €1.346 billion ($1.56 billion) and an adjusted EBITDA of €179 million ($207 million). The company operates in seven countries: Spain, Italy, Argentina, Mexico, Panama, Colombia, and Uruguay, through both physical gambling venues and online platforms. Its business includes slot machines, bingo halls, sports betting terminals, arcades, gaming rooms, bars, and racetracks. Its online division is listed separately on the Nasdaq but will also be included in the sale. This segment accounted for 12% of total revenue in 2024. Spain No Longer Highest Revenue Stream Though founded in Spain, the country’s strict stance on gambling has led to reduced revenue there. Codere was among several companies fined by Spain’s regulator last year during a gambling crackdown. The company was fined €17,500 for using unapproved technical systems. In 2024, Italy and Mexico contributed 21% and 17% of the company’s revenue, respectively, while Spain generated around 16%. Gambling companies in Spain must comply with stricter regulations, including displaying strongly worded warning messages similar to those on tobacco products. These measures were introduced by the country last year. The new messages include: Gambling addiction is a risk of gambling The probability of being a losing gambler is 75% Losses for all gamblers are four times greater than their winnings Minister for Social Rights Pablo Bustinduy has led the reforms, stating that “the responsibility should not fall on users but on the authorities, who have the democratic duty to ensure that the environments they access are safe.” It remains unclear whether Spain’s stricter gambling regulations will impact the potential sale of Codere. 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.