iGaming This Week: 2024 Week 47 - Weekend Edition

Hey Superstars,

Welcome to the Weekend Edition of our iGaming This Week Newsletter!

Here’s what’s happening in the iGaming world this week.

Click highlighted link to read the full details

Product Updates and Releases

• Chips has unveiled Slot Showcase to unify game studios, operators, and aggregators for iGaming collaboration; Relax Gaming has debuted Winter Champions, a sports-themed slot with innovative features and high win potential; and IGT is managing a major cyberattack that disrupted its IT systems, activating its incident response plan to safeguard customer services.

Partnerships News

• Hub88 has partnered with Speedy Tomatoes to debut the poker game Jacks or Better 4000 PowerPoker while Realistic Games collaborates with Paddy Power Betfair for enhanced UK and Ireland market access, ICONIC21 extends its relationship with Sweepium to broaden its sweepstakes market reach, and ESA Gaming integrates its proprietary game suite with Betfair in Italy, collectively strengthening their industry positions.

New Roles and Appointments

• Digital influencer Luva de Pedreiro has been named ambassador for Aposta Ganha, while Catena Media appoints Stephen Taylor-Matthews as non-executive director, and Allwyn announces Elena Chambers as Group Chief Transformation and Corporate Development Officer, all aiming to enhance brand visibility and strategic initiatives in the online gaming industry.

Licenses and Regulations Updates

• DigiPlus Interactive Corp is poised to enter Brazil's online gaming market by January 2025 after qualifying for its iGaming license, while Ontario prepares to establish iGaming Ontario to resolve regulatory conflicts, and Indonesia intensifies its crackdown on illegal online gambling by shutting down 380,000 websites and freezing 7,500 bank accounts, alongside Thailand's hopeful progress on a casino bill for mid-2025.

Revenue Reports

• PhilWeb's Q3 2024 report shows a net loss of PHP12.62 million amid an 8.6% drop in revenue, while OPAP's robust performance reveals a 17.6% revenue surge to €565.8 million and a 44.7% rise in net profit to €120.5 million.

Merger and Acquisitions

• DigiPlus Interactive Corp refuted rumors of an imminent acquisition of Casino Plus, citing interest in future strategic acquisitions, while KGeN secured $10 million in funding to boost its web3 gamer network, contributing to a total of $888 million in blockchain game investments in 2024, following significant prior investments of $5.3 billion in 2022 and $1.7 billion in 2023.

Industry Insights

• A recent SOFTSWISS survey for Q3 2024 indicates that 58% of respondents view cryptocurrency as a crucial driver for growth in new markets, despite a notable decline in Bitcoin's value, while global iGaming engagement shows significant potential growth and a 43.1% increase in betting activities, with a marked shift towards altcoin usage.

"Integrating crypto payments allows iGaming businesses to operate globally, delivering greater speed and convenience. With iGaming’s naturally borderless reach, this expands platforms’ access to a wider international audience, boosting their global growth potential."— Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

Did You Know?

• In 2024, the Philippines emerged as Asia's largest gambling hub with 76 casinos, followed by Cambodia with 52 and Vietnam with 40, highlighting the region's growing gambling industry driven by tourism and economic development.
• As an iGaming consultant, I am here to help you navigate the dynamic Asian market with tailored insights. Let’s connect!
• ?? Email: [email protected] ?? Telegram: t.me/john36999 ?? WhatsApp: wa.me/639399153662

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Happy Betting!