(AsiaGameHub) -   bet365 has officially withdrawn from the American Gaming Association, making bet365 one of several prominent online betting firms to leave the U.S. gambling organization.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.

(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.

(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.

(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.

(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.

(AsiaGameHub) -   Alberta appears to have provided the first clear timeline for launching its regulated iGaming market in the Canadian province. The province's regulator, Alberta Gaming, Liquor & Cannabis (AGLC), has released a guidance document for the iGaming transition period, detailing requirements for commercial operators seeking licences. The document outlines expectations for unregulated operators, stating they must submit applications, pay registration fees, and halt unregulated activities by July 13. The AGLC stated: "Any operator or associated entity running an unregulated lottery scheme in Alberta must submit a completed application and pay all applicable registration fees to AGLC by July 13, 2026. Operators must also stop all unregulated lottery scheme activities, including taking bets, by July 13, 2026. "AGLC may grant a maximum three-month extension to October 13, 2026, on a case-by-case basis, but only if an operator can show a compliance path for market launch that was not achievable before July 13, 2026." Though not a definitive launch date, this provides the industry with insight into the province's current timeline and pace for going live. Alberta iGaming Corporation (AiGC), which handles commercial agreements, anti-money laundering (AML), public complaints, and financial reporting, will set the official launch date. The AGLC added that all unregulated market activity must cease by the announced go-live date, regardless of whether it falls after July 13 or October 13 this year. Several operators, including Caesars Entertainment, have shown interest in Alberta's regulated iGaming market. However, the AGLC noted that fewer than 10 have paid the required fees so far. The six-month exemption provision only applies to iGaming suppliers that have paid the required fees and received written confirmation from AGLC that their application was accepted. The AGLC stated: "Despite strong interest from over 55 operator sites, only nine have paid the required fees to date. Regulatory Services is closely monitoring advertising and overall market activity, and continued non-compliance could significantly affect future suitability determinations." Regarding player accounts on unregulated sites transitioning to the regulated market, the AGLC stated that all outstanding bets must be resolved or cancelled beforehand, including settling open wagers, returning account balances, and notifying players about account closure timelines and procedures. Earlier this year, the AGLC published the Standards and Requirements for Internet Gaming, which outlines key iGaming components for the province, including licensing fees, tax rates, advertising, and player protection. Portions of the province's iGaming framework have been known since spring last year, when the iGaming Alberta Act was passed. 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 Care Quality Commission (CQC) has called on the UK’s new gambling harm treatment commissioners to maintain continuity during the shift to a statutory levy. Charities part of the National Gambling Support Network were commended for delivering ‘safe, effective, caring, responsive and well-led’ treatment.  However, the CQC also recognized worries raised by GambleAware that the ongoing quality of care could be impacted as service commissioning moves to the NHS under a new funding model. The report stated: “We would urge commissioners to review the findings of this report to make sure services continue to provide care in a similar way so that people experiencing gambling harms still receive the care and support they need, and that there is ongoing oversight and assessment of the quality of services.” The Gambling Commission and GambleAware requested the CQC to conduct the review, with inspections occurring from May 2025 to March 2026. The 14 charities included in the review were the EPIC Restart Foundation, ARA Recovery For All, NECA, Gordon Moody, Beacon Counselling Trust, Primary Care Gambling Service, Aquarius, GamCare, GamCare Helpline, Adferiad, RCA Trust (Scotland), Betknowmore UK, Breakeven and Reframe Coaching. Findings showed that individuals dealing with gambling harm ‘could access services when needed and received personalized, needs-based treatment and support’. Longheld concerns The CQC joins a growing list of organizations expressing fears that the funding transition will slow treatment progress as the NHS becomes the primary treatment administrator, with services divided between England, Scotland and Wales. GambleAware noted in its legacy report ahead of closing on 31 March: “There is a concern that differences in local capacity could mean that the quality of services varies from place to place. Without deliberate action, these risks could erode progress made in prevention, early intervention, and equity of response.” The Welsh Government has already granted the Betsi Cadwaladr University Health Board £1.3 million to operate a gambling helpline for those with gambling problems in Wales. However, this will run alongside the well-known National Gambling Helpline operated by GamCare, sparking worries about confusion for people seeking help. GamCare confirmed it has contacted Welsh Minister for Mental Health and Wellbeing Sarah Murphy regarding the decision, aiming to clarify how the two services will work together to support those in need. The charity’s CEO, Victoria Corbishley, said: “The shared aim must be to minimise any confusion for those reaching out in moments of vulnerability. Our focus remains firmly on the people we serve.” Independence vote Organizations like GamCare are currently learning how much funding they’ll receive from the £120 million raised in the first year of the statutory levy—funded by a percentage of UK licensed operators’ gross gaming yield. But uncertainty around funding for longstanding charities has grown due to rumors that groups with past industry ties would be excluded. However, this position seems to be easing, according to Duncan Garvie, founder of BetBlocker. Speaking at the Illegal Gambling Prevention Summit, he said: “Pragmatically, there was always going to be some level of disruption. What I hope to see if a softening of positions and to reach a place where all stakeholders can be included in the conversation without the stigmatisation.” During the third sector charity review, GamCare shared that the CQC found no evidence its support and treatment were influenced by the gambling industry. Corbishley welcomed the feedback, stating that being recognized as independent is ‘fundamental to the trust people place in us’. “This independent assessment is important assurance for commissioners, partners, and above all for the people who rely on our services,” she added. 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) -   Louis Theroux’s in-depth investigation into the ‘manosphere’ and contemporary media consumption habits has highlighted a troubling strategy used by unregulated operators to attract a fresh audience to their sites. While the bulk of his new Netflix documentary examined the perspectives of four prominent influencers within this controversial movement, the film also featured several clips displaying the branding of gambling firms Stake and Rainbet. These clips and live streams are essential for maintaining engagement within the manosphere, attracting millions of views from a younger, more impressionable demographic across various social media channels. A significant aspect of this engagement is that these broadcasts often provide these viewers with their initial introduction to gambling. While the regulated industry implements safeguards to protect adolescent males, the unlicensed market aggressively targets their interest. HSTIKKYTOKKY just landed a massive 4x HUGE REDS win while ice fishing, taking home a significant sum... #stake #hstikkytokky pic.twitter.com/EJN94dBo96 — Soneclip (@soneclips) December 13, 2025 Both companies have gained a reputation for finding ways to ensure their logos are prominently displayed on social media, regardless of the nature of the associated content. Last year, Stake confirmed its departure from the UK market following a controversial promotional stunt involving adult film star Bonnie Blue at a British university. The manosphere has seen a surge in popularity in recent years, driven by figures such as Andrew and Tristan Tate, Jordan Peterson, and HSTikkyTokky—one of the central subjects of the documentary—who have collectively amassed millions of followers. At the heart of this movement are highly contentious views regarding the roles of men and women in society, which are regularly broadcast across social media platforms. This often manifests as misogynistic, racist, and homophobic rhetoric that is subsequently adopted by young, impressionable audiences. Louis Theroux: Inside The Manosphere arrives on March 11. For his debut feature-length documentary on Netflix, Louis visits Miami, New York, and Marbella to interview the influencers and creators driving the Manosphere movement.— netflix⁷ (@netflix) February 25, 2026 Despite these controversies, manosphere influencers are increasingly moving into influential circles, particularly in the United States. For instance, Donald Trump Jr, son of US President Donald Trump and a Strategic Adviser for Kalshi, has been seen in the company of Andrew Tate. The fact that even the most disreputable segments of the gambling industry are linked to these figures should be a major concern for the rest of the sector. Industry experts are aware that Stake and Rainbet operate within the black market, which carries significant implications for player safety and overall credibility. However, the typical viewer watching the documentary or encountering manosphere content on social media may simply view gambling as an inherent component of the movement. Studies across various regions have indicated that users of the black market are often unaware that they have moved away from the licensed sector. This highlights that the target demographic for unlicensed operators is no longer just the most vulnerable individuals; they are now aiming to ensure that many people's first experience with gambling occurs on unlicensed platforms. This represents a serious concern, as it suggests a potential shift in gambling culture for the next generation. As the regulated gambling industry faces ongoing pressure from activists and legislators regarding its reputation, it is now vital for the licensed sector to actively promote the advantages of the regulated market. The industry has frequently discussed the need to combat the black market, especially as the financial costs of operating legally continue to rise, yet there has been little concrete action so far. If consumers are unaware that a black market even exists, how can they be expected to remain within legal boundaries? Operating within a credible, licensed market should be considered a mark of integrity. As the distinction between legal and illegal sectors continues to fade, it is the responsibility of licensed operators to educate the public. 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) -   Grupo Codere has allegedly hired Jefferies and Macquarie Capital to provide advisory services for the company’s planned $2.3 billion sale. Spanish business publication Expansion, through Reuters, reported on Wednesday that though the sale remains in its early phases, non-binding indicative bids are due by mid-May, and binding offers are anticipated in early July. A finalized deal is expected to be targeted prior to August. iGaming Expert has contacted Codere seeking comment regarding the reported sale and the appointment of Jefferies and Macquarie Capital as advisors. Codere operates both land-based and iGaming services across Europe and Latin America in regulated markets including Spain, Italy, Argentina, Mexico, Panama, Colombia, and Uruguay. The report further noted that the transaction will encompass the group’s digital division, Codere Online. The gaming operator is owned by roughly 84 investment funds, with Davidson Kempner serving as its largest shareholder holding a 13.3% stake. This ownership setup has remained in place since 2024, when a debt-for-equity swap transferred control of Codere from the founding Martinez Sampedro family. Codere has faced a turbulent 12 months, as its online division was at risk of being delisted from the Nasdaq Stock Market in May of the previous year after it missed the deadline to file its Form 20-F for the fiscal year ending December 31, 2024. Within the following month, after fulfilling the stock exchange’s listing criteria, Codere Online successfully regained compliance with Nasdaq following the submission of the required form to the US Securities and Exchange Commission. For the fourth quarter of 2025, Codere Online announced a 15% rise in revenue, jumping from €52.7 million to €60.7 million, alongside quarterly and annual growth in active player counts: a 13% increase for the full 2025 year and a 20% uptick in Q4. Aviv Sher, Chief Executive Officer of Codere Online, stated: “In the fourth quarter of 2025, our net gaming revenue hit €60.7 million, which stands as the highest quarterly total in the company’s history. “This growth was primarily fueled by Mexico, where our net gaming revenue rose 31% following a 43% increase in our active customer base in the nation. In December, we reached a milestone of 100,000 active players in the country, putting us in a strong position for the upcoming summer World Cup.” Codere Online projects net gaming revenue of €235 million to €245 million and adjusted EBITDA ranging from €15 million to €20 million by the end of 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.

(AsiaGameHub) -   As AI continues to transform the software landscape, some voices in the tech industry are now questioning whether SaaS platforms are growing increasingly interchangeable. The common reasoning goes: if code can be generated extremely quickly, platforms are just products that can be copied at will. But in iGaming, where systems operate in regulated real-money environments, platforms carry responsibilities that extend far beyond the underlying code itself. Daniel Heywood, CEO at NuxGame, shares his perspective on this topic. Drawing on NuxGame’s experience as an iGaming software provider, he explores what truly sets mature industry platforms apart – years of hands-on operational learning, deep in-depth industry expertise, and strong connections across the entire iGaming ecosystem. iGaming Expert: Most current debates around AI and software assume that SaaS platforms are nothing more than collections of easily reproduced code. Is it misleading to frame iGaming SaaS platforms as interchangeable software products? Daniel Heywood: Yes, it is misleading, because in iGaming code is only the visible top layer. The real strength of a SaaS platform comes from the operational architecture built behind it. A full-fledged serious iGaming platform holds thousands of business rules: how payments perform under high traffic load, how KYC escalations are managed mid-session, how fraud signals interact with bonus mechanics, and what structure regulators require for compliance reporting. At NuxGame, for example, payment systems, compliance checks, and player protection controls are tightly integrated. If unusual activity is detected, the platform can trigger additional verification, adjust risk parameters, and log all relevant compliance data. That level of cross-system coordination is not something you can recreate just by developing new software from scratch. We see this same pattern in fintech. Many companies can now build a working payment app with AI tools, but very few can operate compliant infrastructure that meets the requirements of regulators and banks. Think of SaaS in regulated industries as an airport air traffic control tower. Any organization can buy planes. The critical, hard-to-replicate part is the control system that keeps all planes landing safely. iGX: If core technology can be generated quickly, why is the proven performance of top-tier iGaming platforms so difficult to replicate? DH: iGaming platforms constantly handle payment delays, unusual player behavior, regulatory updates, and sudden traffic spikes. Each of these challenges forces the system to adapt. Over time, these small adaptations become embedded as the platform’s built-in operational knowledge. At NuxGame, for instance, features such as loyalty points, tier levels, leaderboards, PvP battles, and Spin Wheels are shaped by real player behavior in live active markets. Operators customize these tools to structure player progression, reward activity, and add competitive dynamics. When these systems run in live gaming environments, they collect continuous behavioral data. This ongoing feedback gradually reveals which engagement mechanics sustain longer play sessions and repeat visits – insights that only come from real-world platform operation. In short, software can be written in months; operational maturity is earned over years of successfully running real-money platforms. That is a far longer investment than just rolling out a new feature. iGX: Operating an iGaming platform requires constant coordination with payment providers, regulators, and technology partners. How important are strong relationships and industry expertise when it comes to keeping these operations stable? DH: Strong relationships and industry expertise are absolutely critical, because managing an iGaming platform is rarely a purely technical task. Even small mistakes can quickly turn into costly problems in regulated markets. A misunderstanding of regulatory rules can delay a market launch. A poorly managed payment integration can interrupt player deposits. Entering a new jurisdiction without local knowledge can easily create compliance pitfalls that slow an operator’s expansion rollout. This is where experienced platform providers step in as operational partners. We work closely with our operator clients to address these business challenges within the NuxGame platform ecosystem. This work can include, for example, coordinating integrations with payment providers and prepping platforms to meet regulatory requirements before entering new markets. Figuratively speaking, strong relationships are the oil in a complex iGaming machine. When the industry runs at full speed (as it almost always does), less friction means fewer breakdowns and far fewer costly unexpected surprises. Frankly, that is something no piece of code can achieve on its own. iGX: When operators evaluate platforms, discussions often focus on features and integrations. In practice, what operational challenges should a mature iGaming platform solve for operators? DH: A mature iGaming platform should solve the practical challenges operators deal with every day, rather than just providing a list of software features. Payments are a great example. Operators need deposits and withdrawals to run seamlessly across multiple providers and currencies. When a provider slows down or experiences an outage, the platform must redirect transaction traffic and keep payments flowing. Uptime is another top priority. The platform has to stay stable during major sporting events or large marketing campaigns so users can keep playing without interruption. Compliance and new market launches are just as critical. Entering a new jurisdiction often requires adjusting reporting formats, updating responsible gaming tools, and modifying regulatory settings before the first player ever logs in. At NuxGame, we regularly help iGaming brands prepare for these launches while maintaining day-to-day operational stability. We see this same principle in industries like telecommunications or logistics: beyond just delivering technology, the infrastructure provider keeps the entire system running. iGaming platform providers operate the same way – as hands-on operational partners. At the end of the day, success in B2B iGaming depends on solving real operational problems. And that is why the true value of SaaS platforms lies in business logic, expertise, and relationships – never in code alone. 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) -   Allwyn AG has finalized the business merger of Allwyn International AG and OPAP to establish the second-largest listed lottery and gaming operator, a transaction it believes can shape the future of the iGaming industry. The deal was first unveiled in October last year, proposed as an all-share transaction valuing the combined entity at €16 billion in equity. Allwyn has now integrated its lottery and gaming business with the Greek firm’s operations in Greece and Cyprus, with OPAP rebranding its consumer-facing brand to Allwyn. This move also builds on a longstanding partnership between the two entities, which began in 2013 when KKCG Group first invested in OPAP. The company already held a 51.8% stake in OPAP prior to this latest transaction. Anticipated outcomes for the combined company in driving growth and shareholder returns include: Leading market positions across multiple geographies and product lines. Diversification by region, product, and channel. Advanced technological, content, digital, and innovation capabilities. A robust financial profile and resilient cash generation. A focus on responsible gaming and contributions to good causes. Karel Komarek, Founder and Chair of Allwyn and KKCG, stated: “Today, Allwyn enters a new chapter—one that builds on the momentum already defining our business. “Over the past 13 years, we have demonstrated the significant and sustainable value we generate for shareholders, for society, and through the experiences we provide to players. This progress has been rooted in partnership, trust, and a genuine dedication to innovation. “Allwyn possesses exceptional potential in the fast-evolving realm of consumer entertainment, and we have the strategic clarity, scale, capabilities, and ambition to shape the future of the industry.” OPAP’s shareholders approved the transaction during an extraordinary general meeting in January 2026, with more than 93% of OPAP’s share capital remaining invested in the combined company after limited exercise of shareholder exit rights. “Allwyn has exceptional potential in the rapidly evolving world of consumer entertainment, and we have the strategic clarity, scale, capabilities and ambition to define the future of the industry.” Karel Komarek, Founder and Chair of Allwyn and KKCG Allwyn is projected to have 770,799,070 shares outstanding—excluding treasury shares—once the company completes the purchase of shares from shareholders who exercised their cash exit rights. Of these shares, 22% will form the free float, with the remaining shares continuing to be held indirectly by KKCG. Allwyn retains its intention to pursue an additional listing on another international stock exchange. Robert Chvatal, Allwyn CEO, added: “This marks a major strategic milestone for Allwyn, and we begin our journey as a publicly listed global leader with a strengthened platform, enhanced financial flexibility, and a world-class team. “We are highly confident that our leading market positions, high level of diversification, and strong cash generation position us well to drive sustainable growth and ongoing value creation as we invest in innovation and future opportunities across our markets. “I would like to thank our shareholders, employees, and regulators for their support as we unite two best-in-class organizations to create the second-largest listed lottery and gaming operator globally.” Allwyn structure Allwyn intends to distribute €0.80 per share to shareholders following the completion of share purchases related to the cash exit right, with a scrip option available and further details to be released soon. The company also expects to relocate its domicile from Luxembourg to Switzerland by the end of Q2 2026. Komarek will chair Allwyn, with Chvatal and Kenneth Morton continuing in their respective roles as CEO and CFO. OPAP CEO Jan Karas and CFO Pavel Mucha will remain at the helm of OPAP’s operations in Greece and Cyprus. The eight-member board of directors will include six existing Allwyn directors—including Komarek—along with two newly appointed independent non-executive directors. Novibet exit The OPAP deal was not Allwyn’s only pending transaction, as the company has been seeking to acquire a 51% stake in Novibet since December 2024. However, the Hellenic Competition Commission opposed the deal, prompting the company to terminate the transaction with Novibet’s owner, Logflex MT Holding Limited. The company stated: “While Allwyn and Logflex MT Holding Limited put forward carefully considered proposals to the HCC, Allwyn is committed to pursuing only transactions that would deliver clear value to shareholders. “Allwyn and Logflex MT Holding Limited therefore no longer expect the previously announced transaction to proceed.” Allwyn also completed its majority acquisition of PrizePicks in the US earlier this year, securing a 62.3% majority stake in the company for approximately $1.6 billion. 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) -   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.

(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.

(AsiaGameHub) -   Approximately ten individuals have been indicted in Taiwan for their involvement in a money-laundering operation linked to a Macau casino, involving nearly $1 billion. Filed by the Yunlin District Prosecutor’s Office under the Money Laundering Control Act, this case marks the first instance of a cross-border money-laundering operation utilizing casino chips. The operation involved transferring illicit gambling funds to individuals who then overpaid their credit card balances to artificially boost their spending limits. These cards were subsequently used in Macau to buy casino chips, which were converted into cash or foreign currency, frequently without any actual gambling taking place. Following an initial report by the Criminal Investigation Bureau in February, a March raid led to the arrest of roughly 20 suspects. Out of the total suspected laundered funds, officials have tracked approximately TWD 278 million (US $8.4 million) to specific persons and frozen TWD 230 million (US $7 million) in cash and bank accounts. Additionally, investigators identified around 85 credit cards linked to the scheme. This incident underscores the persistent risk associated with using casino chips and third-party intermediaries to obscure the origins of funds, which significantly complicates law enforcement efforts. 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) -   During the fiscal year ending 2025, NagaCorp Ltd achieved outstanding financial outcomes. The company‘s net profit soared to US$309.9 million when compared to a net profit of US$109.6 million in the fiscal year ending December 31, 2024. A major factor behind this profit growth was the absence of a non–cash impairment charge of US$89.1 million related to the firm‘s suspended Vladivostok project. Group revenue rose 26.2% year-over-year to US$709.7 million, while EBITDA jumped to US$404.4 million from US$202.8 million. Profitability metrics showed EBITDA margins reaching 57.0% and net profit margins climbing to 43.7%. NagaCorp will distribute an interim dividend of US$0.0109 per share, totaling US$48.3 million, which falls within the company’s 30% dividend policy for the second half of the year. This action reflects NagaCorp’s confidence in delivering returns to shareholders as it continues investing in growth and expansion projects, such as the proposed Naga 3 development, despite prior adjustments to its planned funding strategy. NagaWorld’s gross revenue increased by 27.4% to US$691.6 million in 2025. Mass-market table game revenues grew 27.2% to US$342.4 million, and electronic gaming machine revenues rose 13.5% to US$142.6 million. The growth in gross gaming revenue was attributed to a larger number of players and improved player win rates. The introduction of side bet features boosted NagaWorld’s gross gaming revenue, contributing approximately US$39 million in additional gross gaming revenue during 2025. Moreover, premium segments demonstrated strong momentum. High-limit mass gaming expanded its share of total mass table gaming revenue. NagaCorp’s VIP operations saw robust growth, with house-managed VIP revenues increasing from US$103.1 million in 2024 to US$136.2 million in 2025, marking a 32.1% rise. This growth in house-managed VIP revenues was primarily driven by higher rolling volumes among VIP players. Total referral VIP revenues surged 57.2% to US$70.4 million. 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 dismissal of the adviser responsible for an administrative mistake that will cost Estonia €4 million was described as 'unavoidable and necessary' by Chancellery Director Antero Habicht. An error in Estonia's Gambling Tax Act mistakenly exempted online casinos from taxation in 2026 before it was found in January. Despite this, the country is still poised to forfeit significant tax income due to the oversight. This week, the Estonian broadcaster Eesti Rahvusringhääling (ERR) stated the adviser behind the error was fired after disciplinary action. New reports now indicate that Piia Schults, previously unnamed, intends to appeal the decision legally. Responding in writing to the intended appeal, Habicht commented: "Considering all factors, this action was unavoidable and necessary; maintaining a trust-based working relationship was no longer feasible. "Current information suggests the official will seek judicial protection of her rights, and as a result, we deem further public commentary inappropriate." Habicht earlier informed ERR that Schults' dismissal was a consequence of a 'serious breach of official duties', noting the termination 'was not prompted by the error alone, but also by other case-related circumstances uncovered during the disciplinary process'. Estonia is currently phasing in a reduction of its gambling tax rate from 6% down to 4% by 2029, aiming to stimulate investment in its gambling industry and establish itself as a European iGaming center to rival jurisdictions such as Malta and the Isle of Man. ERR reports that a five-page directive from the Riigikogu Chancellery showed the official knew of the mistake on 5 January, yet superiors were not notified until 12 January, when ERR made the news public. In an interview with the outlet, Schults conceded the error was 'truly dreadful' and that it left her 'deeply shaken'. However, she highlighted her 32-year service as an adviser to the Economic Affairs Committee and that this was her first major mistake. Schults also denied Habicht's assertions, framing the situation as a 'question of principles'. She stated: "I must contest this. Maybe it will motivate other colleagues as well. You simply cannot treat someone like this. I will fight this for all of them, considering my colleagues and Estonian society. I believe the public has a right to know what occurs in the government sector. We are not isolated—we all coexist here in small Estonia, where everyone can see each other." Schults further mentioned she has consulted a lawyer and is inclined to pursue the dismissal case in court instead of through a labour dispute committee. 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) -   iGP has expanded its content library with new iGaming titles after entering a fresh partnership with game provider Gamzix. Under the agreement, mobile-first titles from the studio will be added to the iGaming aggregator’s platform, with a rollout scheduled across multiple markets.  Jovana Popovic Canaki, Chief Executive Officer at iGP, stated: “Operators are under continuous pressure to scale at a faster pace while retaining control over their brands, content, and player engagement.  “Our iGaming Aggregator solves this pain point by combining high-speed distribution with in-built tools and real-time visibility. Integrating Gamzix’s content further expands the range of titles available to our partners.” iGP’s iGaming Aggregator provides partnered operators with access to over 12,000 titles from various game providers through a single API. The firm notes that the aggregator enables operators ‘to launch rapidly while maintaining control via multi-brand management, embedded promotional tools, an in-built reporting suite, and real-time data visibility’. James Davies, Head of Commercial at Gamzix, added: “iGP’s focus on speed, control, and scalability is perfectly aligned with our own approach to distribution and long-term performance.  “We are excited to bring our mobile-first, engagement-focused titles to a wider network of partners through this collaboration.” Earlier this month, iGP’s Chief Marketing Officer, Michael Baker-Mosley, spoke to iGaming Expert about the significance of time and patience for iGaming integration work. Baker-Mosley explained: “If you want to deliver truly powerful gaming experiences, it requires time. We discuss this topic frequently in B2B spaces, but far less often in B2C. We are seeing growing product homogenisation, where operators now compete on experience rather than core product offerings.  “If every operator carries the same top 10 slots globally, you are competing on brand and user experience. So getting that right, and successfully penetrating a new market, demands both time and investment.” 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) -   Digitain is strengthening its position in the Bulgarian iGaming market after obtaining both manufacturer and importer licences from the nation's gambling regulator. The manufacturer licence enables the provider to distribute its internally developed products to Bulgarian-licensed operators, with solutions that are fully certified and customized for the local market. Concurrently, the importer licence authorizes Digitain to offer certified third-party products within the Bulgarian market. Digitain stated that the licences underscore "its dedication to regulatory excellence and partner-focused expansion, guaranteeing that operators targeting Bulgaria can access a full range of compliant, premium solutions". Arshak Muradyan, Group Chief Compliance Officer at Digitain, remarked: "Obtaining both licences in Bulgaria represents a significant milestone in reinforcing our footprint across regulated markets. "This enables us to provide both our proprietary solutions and an extensive array of certified third-party products while adhering completely to local regulations. This dual capacity ensures our partners can confidently conduct business and expand within the Bulgarian market, backed by a dependable, fully compliant product portfolio." European growth Digitain has been expanding its footprint across European markets over the past 12 months, finalizing a partnership with KingCasino in Romania to deliver its sportsbook solution and Centrivo iGaming platform to the operator. The company has also previously commended its Malta presence for propelling its European growth strategy, having established a new office there within the past year. Aida Vardanyan, Chief Executive Officer at Digitain Malta, stated: "Our Malta office serves as more than a mere location—it functions as a strategic hub for our European operations. "It enables us to maintain close connections with our European partners, gain deeper insights into local requirements, and deliver more timely support. Operating from this location allows us to cultivate stronger relationships and fulfill our long-term vision of fostering enhanced regional partnerships." 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) -   Sportradar is transforming its iGaming services with the introduction of Playradar, a new brand created to unify sportsbook and casino offerings for global operators. Playradar will provide operators with a 'fully-integrated ecosystem of cross-vertical gaming experiences', under the leadership of former Playtech CEO Edo Haitin, who will serve as Executive Vice President of iGaming. The brand will function solely in regulated markets, beginning with an initial launch in the UK, North America, and Latin America. A schedule of game releases is planned for the year, covering classic table games, arcades, slots, and virtual reality, with responsible gaming and integrity built into every product. Carsten Koerl, Founder and CEO of Sportradar, stated: “iGaming is a logical and scalable expansion of our operations, representing a strategic boost to our long-term growth plan.  “Playradar’s content is engineered to optimize cross-selling between sports and casinos, assisting operators in enhancing player value and session duration during a period where engagement and retention are vital for sustainability.  “With Edo, we have a seasoned and demonstrated leader to advance the business, supported by a committed and enthusiastic team.” iGaming experience Haitin’s two decades of iGaming expertise will be applied to offer live and historical sports data, audio-visual streams, casino games, a 24/7 live experience centre, and premium iGaming content. Sportradar highlighted that Playradar is a natural progression for the firm, capitalizing on its current game studio, sports data, streaming infrastructure, worldwide distribution network, and its marketing and retention technologies to boost lifetime value for partners. The company piloted its iGaming services in Brazil the previous year, using the outcomes to inform the launch of Playradar. Haitin continued: “By merging our unparalleled knowledge in sports data and live streaming with a strong history of product development, we intend to produce hybrid content and gaming experiences to take advantage of the growing trend in sports casino consumption.  “Our unique position allows us to effortlessly integrate live and historical sports events, innovative game mechanics, and casino content, and we benefit from the ability to distribute games to an already licensed operator network.  “I am tremendously enthusiastic about reinforcing our iGaming division via Playradar and developing it into a leading provider of iGaming content, utilizing Sportradar’s established assets and the expert, skilled team that is 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.

(AsiaGameHub) -   Gaming Laboratories International (GLI) has been certified as the first gaming testing company by the Philippine Amusement and Gaming Corporation (PAGCOR). GLI will be tasked with testing and certifying iGaming platforms across the Philippines' gaming market, as PAGCOR continues to strengthen regulatory oversight throughout the industry. In April 2025, PAGCOR announced plans requiring B2B suppliers—such as content partners, aggregators, and payment providers—to secure official accreditation to supply operators nationwide. GLI indicated that this certification will assist the regulator in achieving its 'policy and regulatory objectives'. James R. Maida, GLI President and CEO, stated: "We are thankful to Alejandro Tengco and the entire PAGCOR team for their ongoing trust in GLI. "We are honored to be the first company accredited for iGaming testing and certification, and we anticipate working side- by-side with PAGCOR to fulfill their policy objectives." Businesses have until March 31 to obtain certification from GLI. Operators found to be collaborating with unaccredited vendors will be directed to terminate such partnerships, including via cease-and-desist notices. A recent LinkedIn post by Arden Consult disclosed that the regulator has begun requesting operators to submit lists of B2B suppliers for cross-verification with PAGCOR's records. Alejandro Tengco, Chair and Chief Executive Officer of PAGCOR, remarked: "We are pleased to recognize GLI as the first testing and game certification provider accredited in the Philippines under this new framework. GLI is a global leader in regulatory advisory, iGaming and EGM testing/certification, and data security. "PAGCOR now requires all iGaming B2B suppliers operating in the Philippines to be accredited to ensure adherence to the stringent requirements necessary to protect iGaming players." Tengco emphasized the necessity of a robustly regulated market to guarantee a 'safer and more sustainable gaming industry for all to participate in'. "Regulated gaming markets ensure a safer and more sustainable gaming industry for all to participate in. A regulated market enables compliance with responsible gaming standards and provides tax revenue for reinvestment into the community.," he added. 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) -   From compliance experts mimicking Calzaghe to PR directors striking like Pernell Whitaker, the iGaming sector has developed a strong enthusiasm for combat sports in recent times. This goes well beyond simply enjoying a fight. According to the pair who have driven this rapid change, the culture within iGaming has evolved alongside the expanding events schedule. Both Lee McFarland and Julia Weygandt have praised the industry's attitude, a mindset that has allowed them to fast-track the expansion of Behind the Gloves and offer a fresh perspective on sector gatherings. Beginning with a simple pad workout in the park, neither McFarland nor Weygandt could have predicted that the Behind the Gloves project would resonate so deeply with the industry's passion as it does today. McFarland stressed: “What we have observed is the creation of a boxing and fitness community—boxing acts as the driving force—but it is about more than just boxing; it is about the community. You know, the value it provides to everyone, and that is the origin of this initiative. Personally, I understand how it benefits my daily life.” He also disclosed that in his youth, boxing provided him with stability and helped him mature, learning early on that ‘there is nothing more thrilling than trading punches and experiencing the excitement of the battle’. While Weygandt entered the boxing world much later in life, she also discussed ‘the incredible impact it has had on her lifestyle’. Highlighting the varied advantages of the sessions, she commended the effect of morning training and beginning the day on the right foot. Elaborating on her lifestyle change, she shared: “I just thought, I can’t keep doing this, going for a drink almost every day after work. So I got a personal trainer… I gave it a try, and I haven’t stopped since. It totally transformed my lifestyle.” “I woke up at 5 AM every day and went to the gym. I had significantly more energy at the office. I was far more focused and disciplined.” McFarland noted that this enthusiasm spreads throughout the workforce, arguing that ‘a fit and engaged team is happier and performs better’. “I speak frequently with the CEO of Captain Up, and he tells me about what we are doing and the value he sees it bringing to others. As an organisation, we are pleased to see that,” McFarland stated. “That is my surprise. I am surprised that commercial businesses are actually allocating funds to support the well-being of not only their staff but the broader industry.” On a personal level, McFarland added that boxing has consistently been the perfect solution for enhancing his mental health. He remarked: “I deal with daily stress. I have anxiety, like everyone else, so being able to release that in a controlled setting with a great group of people demonstrates just how beneficial boxing truly is.” One notable feature of the Behind the Gloves sessions is the diverse range of participants they welcome, catering to those who wish to spar before a day of meetings as well as those simply wanting to work out before a hectic conference schedule. The business rationale for these sessions lies not only in the productivity boost they provide for the rest of the day but also in the robust, if perspiring, networking opportunities they offer. It was easy to see the various levels of connection forming between industry peers as they traded punches or encouraged one another through burpees. This is a dynamic that many business stakeholders seek, often spending vast sums on traditional networking events. Weygandt remarked: “You encounter people you wouldn’t meet at a party because they avoid those types of events. Plus, you meet the genuine individuals. There are no suits, no business cards, and no makeup.” “Everyone is just there, getting sweaty. It leads to authentic conversations, meeting real people, and fostering a different type of relationship.” McFarland added: “No one attends with the specific goal of doing business. Yet, business has been conducted. People have connected. The community keeps thriving… it enables people to bond through shared effort and challenge.” The diverse audience being served continues to expand as the duo has started incorporating functional fitness classes alongside their boxing sessions. Weygandt did share a humorous story from Barcelona in January, however, where an attendee arrived for functional fitness—mouthguard in, hand wraps on, and ready to fight—only to realize they were in the wrong class and had to quickly adapt. The desire for a healthier lifestyle is palpable across the industry and undeniable—evidenced by the swift proliferation of fitness classes at industry events. Through word-of-mouth among friends and colleagues, an increasing number of industry professionals are arriving to work out before events and leaving feeling much more refreshed. To label the Behind the Gloves sessions merely as fitness classes does them a disservice; they are much more profound—they represent a broader movement toward a healthier and happier industry. This movement would not exist without the relentless dedication of McFarland and Weygandt, who consistently carve out time from their schedules to expand the fitness classes and invite experts to demonstrate a healthier alternative to the industry, applicable to both events and life in general. Weygandt has certainly noticed the shift, emphasizing that ‘in the past year or two, you could clearly see a change in the industry… we heard many people say they didn’t want to go out drinking every night’. “The surprise was the turnout being higher than anticipated, and the speed at which everything expanded.” Such growth would not have been achievable without the numerous sponsors who stepped forward to back the movement and facilitate its expansion, a fact both McFarland and Weygandt were eager to acknowledge. The industry’s passion for development, charitable support, and well-being is driven not just by the demand for 6 AM fitness sessions, but also by the palpable excitement for an event that has become a favorite for many: the SBC Charity Boxing Championships. Scheduled for this Friday, 27 March, the event embodies an industry undergoing a cultural shift and focused on backing good causes. For further details about the event, 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) -   IGT has verified a global workforce reduction of 700 employees, representing roughly 10% of its staff, as a component of business restructuring initiatives aimed at future expansion. An IGT spokesperson informed iGaming Expert that the job cuts are intended to facilitate the company's pursuit of sustained growth and to 'advance with increased focus, agility, and competitiveness'. The IGT spokesperson stated: “While we progress the merger of the former IGT and Everi operations, we are restructuring our organization to hasten innovation, enhance execution, and prepare the company for long-term growth. “To facilitate this upcoming stage, we are reallocating resources and refining our operational framework to concentrate on our most promising growth areas and strategic goals, which will affect around 700 employees worldwide, or 10% of our workforce. “We are grateful for these employees' contributions and dedication to our company, and we pledge to assist those impacted with severance, career placement assistance, and, when feasible, opportunities in other parts of the company. This strategic repositioning enables IGT to progress with heightened focus, agility, and competitiveness.” Employee letter The Las Vegas Review-Journal initially broke the news that CEO Hector Fernandez sent a letter to staff on Monday explaining that layoffs were essential “to match resources with business objectives and optimize operations, guaranteeing we are optimally prepared for future growth”. It is understood that severance packages will be offered to affected workers, though the precise distribution of job losses across different departments has not been revealed. As reported by the Review-Journal, Fernandez commented: “During our first all-company town hall in December after I began as the new CEO, I promised we would act swiftly to assess our business and implement changes to fortify it. “We have honored that pledge over the last few months. We analyzed our areas of focus, our operational methods, and how our organizational design underpins our strategy. This evaluation also compelled us to make some challenging choices regarding our organizational setup, resulting in a hard yet essential measure.” Fernandez further clarified that the layoffs are not a reflection of employee performance, but instead signify “the structural adjustments needed to function as a unified entity, utilize our collective advantages, and compete with concentration and rigor in a dynamic industry”. The CEO explained: “We have recently finalized a significant portion of the foundational work necessary for a more robust and competitive organization. The adjustments announced today are part of this initiative to simplify our architecture, eliminate redundancies, and allow us to operate with improved clarity and velocity.” To generate long-term value and provide superior service to partners, Fernandez indicated that IGT will center its strategy on five Cs: culture, capabilities, content, commercialization, and cash-flow generation. This renewed strategic emphasis is anticipated to help the business seize new growth prospects. “For those departing from IGT due to this action, we are dedicated to offering severance, outplacement aid, and transition support. For those staying, you might experience sorrow for your coworkers, worry about your teams, or apprehension about what lies ahead. Such emotions are understandable in situations like this,” Fernandez added. “Our current focus must be on how we proceed collectively: by supporting each other, concentrating on our key priorities, and persisting with the work that will shape our company's next phase. We united to construct a company capable of leading in a fast-changing industry, and I continue to be optimistic about that potential and the resilience of our team.” Apollo Global Management purchased the Gaming & Digital division of IGT and Everi Holdings last July for $6.3 billion, establishing a new privately-owned global entity in gaming, digital, and financial technology under the IGT name. The transaction merged two prominent iGaming companies into a unified organization with three primary divisions – Gaming, Digital, and Fintech. Upon finalizing the acquisition, it was anticipated that IGT would use its expanded presence to boost efficiency and innovation in both land-based and digital sectors, solidifying its role as a crucial partner for regulated gaming markets and casino operators globally. iGaming Expert has contacted Apollo for a statement regarding the report of IGT's plan to cut 700 jobs worldwide. 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) -   India’s government has ongoing efforts to fight the nation’s black market, blocking around 300 websites that promote illegal gambling and betting. Per the Economic Times, online sports betting sites, casino applications, and betting exchanges were among the platforms hit by the government’s move. The government has acted against more than 8,400 websites and mobile apps, reporting that it has blocked 4,900 since the Promotion and Regulations of Online Gaming Bill 2025 was passed in August 2025. The choice to implement such severe measures stemmed from worries about the sector’s societal effects. But the rapid passage of the bill surprised many in the industry. In the days and weeks following the landmark ruling, major local operators including Dream11 and the Mobile Premier League, along with international companies like Flutter, had to pull their RMG operations. For Flutter specifically, the company later disclosed that the ruling resulted in a $556 million impairment charge tied to removing its Junglee product from India, plus a substantial hit to future revenue. After the decision, Flutter expressed worries that the ruling would drive players to the black market, and recent data from the All India Gaming Federation has shown the persistent demand for gaming among India’s people. The organization’s report found that unlicensed betting platforms got more than 1.6 billion visits in a three-month period. While Indian authorities have taken steps to block access to these sites, the latest data shows that these efforts aren’t achieving the intended result. Notably, illegal operators are using mirror websites to help users bypass blocking rules. Researchers proposed that creating a resource that lists legal and illegal platforms might be an effective method to help players better understand if they’ve ended up on the black market. “These lists should be regularly updated and, when feasible, made publicly available in a user-friendly format so consumers can easily tell the difference between legitimate and illegal operators,” the report added. iGaming Expert Analysis: The striking numbers highlight that the Indian government’s severe and sudden regulatory steps last year have opened the door for the black market. Considering the market’s size and the adaptability of unlicensed operators, this will be a difficult and long-fought battle for the government. 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.