Sports Betting Legalization Linked to Increasing Household Financial Strain According to a New Federal Reserve Study

(AsiaGameHub) - A recent study from the Federal Reserve Bank of New York presents challenging figures for legislators and industry operators. The report associates the legalization of sports betting with declining household credit health, with particularly pronounced effects among younger adults and in states permitting mobile wagering. Good to Know The New York Fed observed that overall delinquency rates increased by approximately 0.3 percentage points from a baseline of 10.7% following legalization. For borrowers under the age of 40, credit card delinquencies increased by roughly 1 percentage point, while auto loan delinquencies rose by about 0.5 percentage points. Spillover effects were also detected near state borders, where neighboring counties in non-legal jurisdictions experienced betting activity equivalent to roughly 14% to 15% of the direct impact. New York Fed Quantifies the Negative Impacts The study looks beyond the conventional argument that regulation is preferable to prohibition and that tax revenue validates the model. Instead, researchers analyzed the changes in credit health following the introduction of legal sports betting. Their conclusion was unequivocal: delinquency rates rose in states where betting is legal and also increased, though to a lesser degree, in adjacent areas where it remained illegal. Mobile accessibility appears to be a primary pressure point. Federal Reserve researchers found that legalization caused a sharp spike in sportsbook deposits, with the broader impact being more severe in regions allowing betting via phone compared to those limited to physical venues. This is crucial because major US operators have built their market around app-based customer acquisition and recurring deposits. The demographic divide is equally evident. Borrowers under 40 were the main drivers behind the rise in credit stress, and the implied effect on new bettors was significantly higher than the population average. The paper notes that only about 3% of individuals begin betting after legalization, but for this group, the implied increase in delinquency is around 10 percentage points, roughly double the baseline rate. Another finding holds significant weight for state politics. Residents living near legal states continued to cross borders to place bets, leading to increased betting activity and financial strain in nearby non-legal counties. This creates a familiar cycle of pressure: a state may experience some of the negative impacts even before legalizing, without the benefit of collecting any tax revenue.The paper does not call for a ban. Instead, it offers regulators a clearer map of where the harm appears to be concentrated: younger adults, mobile access, and newly acquired bettors. For operators, this is likely to intensify the debate regarding deposit limits, cooling-off mechanisms, and the true effectiveness of responsible gambling controls. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Neymar Utilizes Santos Day Off for Online Poker Session

(AsiaGameHub) - Neymar has returned to the headlines, though not for his on-field performance. The Santos striker allegedly devoted his rest day to an extended online poker marathon following his omission from the Cruzeiro fixture due to workload concerns. Good to Know Neymar's absence from the Cruzeiro clash stemmed from Santos' assessment that the workload-related risk was excessive. According to Portal LeoDias, the forward subsequently dedicated much of his weekend to online poker. On social media, Neymar later made light of the situation, commenting that there was "also a little bit of poker on the cell phone." Neymar Day Off Turns Into Poker Story The sporting aspect of this narrative is fairly straightforward. Santos opted not to field Neymar against Cruzeiro, with the club's justification focusing on physical load management over a new injury. Match-related reports indicated the coaching team aimed to prevent additional risk following a demanding schedule of fixtures. The subsequent developments attracted considerably more interest. Portal LeoDias claimed Neymar engaged in online poker for approximately 24 hours between Friday and Sunday. The same publication stated he entered a $5,000 tournament and rebought on at least three occasions, pushing his total buy-in to a minimum of $20,000. During this period, Santos contested a goalless draw with Cruzeiro. That article swiftly fueled broader discussions surrounding Neymar's relationship with Santos. Portal LeoDias suggested the incident prompted doubts regarding his dedication to the team, particularly since some had anticipated he would stay in closer proximity to his teammates despite being rested. Neymar didn't precisely refute the poker claims. In a social media post cited by Brazilian outlets, he mentioned that his day commenced with training and a family cinema outing, before noting there was "also a little bit of poker on the cell phone," concluding with a laughing emoji. For poker enthusiasts, this revelation comes as no surprise. Neymar has maintained a longstanding connection to the game, having formerly served as a PokerStars ambassador. Nevertheless, the timing transformed an ordinary rest day into yet another discussion point concerning one of Brazilian football's most prominent figures. His passion for poker has previously generated controversy. In 2023, rather than joining his Paris SG teammates in celebrating their Ligue 1 triumph, Neymar chose to devote the entire evening to poker in Monaco. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Macau Clears Three New Baccarat Side Bets

(AsiaGameHub) - Macau has given its approval for three new baccarat side bets, providing casinos with an expanded array of supplementary wagering choices as these additional wagers continue to proliferate across the market. The Gaming Inspection and Coordination Bureau incorporated regulations for ‘Monkey no Monkey’, ‘Pairs+’, and ‘4/5/6 Cards’ into a guideline that became effective on March 23. Key Information The recently sanctioned side bets include ‘Monkey no Monkey’, ‘Pairs+’, and ‘4/5/6 Cards’. The revised regulatory directive came into force on March 23. Since 2024, Macau has progressively introduced more baccarat side bets, a development aided by advancements in smart table technology. Macau Continues to Expand Baccarat Side Bet Offerings Among the newly approved options, Pairs+ offers the largest potential payout, reaching 300 to 1 if both the banker's and player's initial hands consist of pairs with identical point values. 'Monkey no Monkey' yields a 50 to 1 return if the first four cards dealt across both hands are all face cards. Meanwhile, '4/5/6 Cards' provides varying payouts based on whether the banker or player wins and the total number of cards utilized. The broader trend in Macau is more significant. Side bets have emerged as a preferred mechanism for increasing the house edge, leading operators to progressively introduce more of them. For instance, 'Small 6/Big 6' was rolled out across the market around the May 2024 Labour Day holiday, with 'Lucky 7' and 'Super Lucky 7' subsequently introduced later that year, coinciding with China National Day. With the recent approval of these three additional options, Macau's casinos now possess another collection of baccarat enhancements to integrate into both general gaming floors and high-stakes play, as the regulatory body proceeds with formalizing the offering protocols for each product. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Animoca Brands Rolls Out AliBAE Platform in Early Access Phase

(AsiaGameHub) - Animoca Brands has launched early access for AliBAE, a new build-and-earn platform that leverages Alibaba Qwen models to help creators produce content and apps before competing for token rewards. The rollout includes 100,000 CHECK tokens distributed across two initial campaigns. Good to Know AliBAE is now live in early access at alibae.build, with two launch campaigns. The initial reward pool totals 100,000 CHECK tokens. As of January 2026, Alibaba Qwen had surpassed 700 million downloads and over 180,000 derivative models. Animoca Centers Creator Rewards at the Core AliBAE is built around bounty campaigns: Brands share a project brief, set aside a CHECK token pool, and creators use the platform’s integrated studio to make videos, apps, and other content. Winners are selected based on a mix of community feedback and internal judging, per Animoca’s launch details. The first two campaigns come from Animoca Minds and King’s Gambit, each offering 50,000 CHECK. Animoca Minds is requesting a 20-second AI video about how personal AI agents can reshape daily life, while King’s Gambit is rewarding short-form video content tied to its game. Both campaigns end on April 8, 2026. CHECK is the foundation of the model. The token powers parts of the Checkmate ecosystem and is linked to Anichess—Animoca Brands’ blockchain chess game developed with Chess.com, which has over one million players, according to launch coverage. Separately, Coinbase notes its listings roadmap highlights assets under review, and recent market reports say CHECK was added to that roadmap.The larger focus is on accessibility. Animoca is working to lower barriers for first-time creators by embedding prompts into the platform and using Qwen, one of the most widely adopted open-source AI model families. Chevan Tin, head of Anichess and senior manager of operations and projects at Animoca Brands, said: “Many digital reward systems prioritize participation volume over the quality of contributions. AliBAE is designed to take a different approach by linking rewards more directly to the work created and how well it is received. By combining Qwen Studio’s accessibility with CHECK as an on-chain reward mechanism, we aim to give creators and builders a more practical way to participate and earn.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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BetMGM Bans Credit Card Deposits, Joining Competitors

(AsiaGameHub) - BetMGM is scaling back on credit card deposits in the US. As of March 31, customers will no longer be able to add new credit cards to their accounts, and the operator stated that the broader phaseout of credit card usage will proceed beyond that date, though a final termination date has not been revealed. Good to Know BetMGM has indicated that new credit cards will no longer be addable as of March 31. The company revealed the plan during a March 25 presentation to the Pennsylvania Gaming Control Board. DraftKings and FanDuel have already implemented comparable measures in the US market. BetMGM Starts Credit Card Exit The policy was discussed during a March 25 meeting of the Pennsylvania Gaming Control Board, where BetMGM was penalized $100,000 for know-your-customer (KYC) shortcomings, as reported by Gaming America. During the meeting, PGCB Chair Denise J. Smiley inquired whether the company was examining credit card usage and how these cards were being utilized. BetMGM affirmed this, and Chief Compliance Officer Rhea Loney subsequently confirmed the phaseout strategy. Loney said: “In the upcoming days, effective March 31, we will cease permitting new credit cards to be added to individual accounts, and this marks the gradual discontinuation of credit card use on the BetMGM platforms.” This adjustment aligns BetMGM with a broader industry trend among operators. DraftKings eliminated credit cards as a deposit option in the US last August, citing it as a strategic business move linked to customer experience and concerns over cash advance fees and elevated interest rates. FanDuel has also halted credit card deposits in the US across its sportsbook, casino, and racing offerings.Fanatics Betting and Gaming, based on the provided source material, never offered credit card funding to US customers. This positions BetMGM as the most recent major operator to abandon the payment method as the industry continues to strengthen responsible gambling and payment regulations. FAQ When does BetMGM stop allowing new credit cards? March 31. Existing credit card deposits will be phased out following this date, though BetMGM has not announced a final termination date. Why did the issue come up publicly? BetMGM addressed the matter during a March 25 meeting of the Pennsylvania Gaming Control Board, where the company was also fined for KYC-related issues. Which other major operators already dropped credit cards? DraftKings and FanDuel have already discontinued credit card deposits in the US.Did BetMGM give a final cutoff date for all credit card deposits? No. The company has only confirmed the initiation of the phaseout and the March 31 restriction on adding new cards. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Morgan Stanley Nearing Launch of MSBT Bitcoin ETF

(AsiaGameHub) - Morgan Stanley appears poised to launch its spot Bitcoin ETF. A recent SEC filing reveals the fund will trade under the ticker MSBT and impose a 0.14% sponsor fee—an amount that would be lower than every currently listed U.S. spot Bitcoin ETF, including BlackRock’s 0.25% IBIT. Good to Know The ETF is anticipated to list on NYSE Arca under the ticker MSBT. The filing sets the fee at 0.14%, well below BlackRock’s 0.25% fee for IBIT. Bloomberg ETF analyst James Seyffart described the pricing as a “Big move” and suggested the launch could occur in early April. Morgan Stanley Makes a Low Fee Play The primary draw here is pricing. Morgan Stanley isn’t entering the market with a high-premium offering; instead, it aims to undercut competitors on cost. For a Bitcoin ETF, the fee represents the annual expense investors incur to hold the fund, meaning lower pricing can be highly significant when large firms and advisors evaluate products side by side. The filing further indicates Morgan Stanley views the launch as impending. The prospectus states sales will commence “as soon as practicable” after the registration statement becomes effective. It also confirms the Morgan Stanley Bitcoin Trust will hold spot bitcoin directly and utilize the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate as its pricing reference. Seyffart, who tracks ETFs for Bloomberg Intelligence, highlighted the fee on social media, deeming it a significant development. This response is understandable, as Morgan Stanley would be the first major U.S. bank to introduce its own spot Bitcoin ETF—doing so at a price point that immediately applies pressure to the broader market.Morgan Stanley already boasts a robust distribution network. The bank has approximately 16,000 financial advisors and roughly $1.9 trillion in assets under management within its Investment Management division, per the provided source material. If MSBT secures final approval and achieves widespread internal distribution, this reach could be as impactful as the fee itself. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Virginia Sends Bill on Skill Games to Governor Spanberger

(AsiaGameHub) - Virginia legislators have transmitted SB661 to Gov. Abigail Spanberger, returning skill game machines to the forefront of the state’s gambling discussion. The bill would legalize and oversee the machines following the Virginia Supreme Court’s role in shutting them down in 2023, yet the political dynamics surrounding it are equally as unignorable as the policy itself. Good to Know SB661 would place a limit of 25,000 on legal skill games and impose a 25% tax on gross profits. Backers estimate around 90,000 unauthorized machines are already in use throughout Virginia. Pace O Matic and associated individuals have donated over $1.7 million to Virginia Democrats since 2023, per recent reports. Virginia Attempts to Trade a Gray Market for a Regulated One Advocates for SB661 make a straightforward case: Virginia already has tens of thousands of skill game machines in convenience stores, truck stops, and restaurants, and banning them hasn’t eliminated them. The bill would reduce that number, establish regulations, and generate tax income rather than leaving the market in a legal gray area. The bill establishes a $5 maximum bet, mandates players be 21 or older, prohibits machines within 10 miles of a casino, and assigns oversight to the Virginia Lottery. It also caps the market at 25,000 machines—well below the approximately 90,000 units backers claim are currently in operation. However, the trail of donations has become a component of the narrative. Recent reports indicate Pace O Matic and its executives have given over $1.7 million to Virginia Democrats since 2023, including funds to key bill supporters and $50,000 to Spanberger’s inaugural fund. This doesn’t prove votes were purchased, but it does create an uncomfortable timing issue.Critics also highlight omissions in the bill. The final draft doesn’t establish a firm minimum payout rate, meaning consumer protection concerns persist even under a regulated framework. Gov. Spanberger had previously stated she wanted a unified gambling regulator first, but that broader agency bill stalled and was delayed until 2027. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Virgin Bet Launches in South Africa in First International Expansion

(AsiaGameHub) - Virgin Bet has launched in South Africa, marking LiveScore Group's first Virgin Bet expansion beyond the UK. The new platform, Virginbet.co.za, forms part of a broader African strategy and will operate from the group's existing betting infrastructure in Nigeria, in conjunction with LiveScore Bet. Good to Know Virgin Bet has launched in South Africa via Virginbet.co.za. LiveScore Group stated the launch is part of a broader African expansion plan. South Africa continues to be Africa's largest regulated gambling market by betting volume. Virgin Bet Selects South Africa for Initial International Expansion Instead of prioritizing another European market, LiveScore Group has introduced Virgin Bet to South Africa. This move opens a new opportunity in a nation where betting already dominates gambling activity. According to National Gambling Board data, total wagering for the 2024-2025 financial year hit ZAR1.5 trillion, a 31.3% increase from the previous year, with betting representing 75% of that figure. Casinos accounted for 19.5%, while limited payout machines and bingo comprised 3.6% and 1.8% respectively. The approach is simple. Virgin Bet aims to establish itself in South Africa's rapidly expanding sports betting sector, which centers on football, rugby, and cricket. Gail Odgers, Virgin Bet South Africa's marketing head, commented: “We’re focused on building trust and introducing Virgin Bet in a way that South Africans can feel confident in. Whether it’s football, rugby or cricket, sport is part of everyday conversation. That passion is what makes this market so exciting for us.” Player protection features prominently in the launch communications. LiveScore Group confirmed the South African platform includes deposit limits, time-out options, self-exclusion tools, age verification, and a dedicated local customer support team. The company also announced plans for local corporate social responsibility initiatives focused on safer gambling.The group previously operated betting services in Nigeria, with earlier reports indicating LiveScore Bet products were active there within a wider multi-market framework. This established African presence helps explain why South Africa was chosen as the next market for expansion. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Tilman Fertitta Acquires Connecticut Sun for $300 Million

(AsiaGameHub) - Tilman Fertitta has reached an agreement to acquire the Connecticut Sun from the Mohegan Tribe for a record-breaking $300 million. Following one final season in Connecticut, the franchise is set to move to Houston in 2027 and revive the Houston Comets name, subject to league authorization. Good to Know The $300 million purchase price sets a new high for a WNBA team. The franchise will remain in Connecticut for the upcoming season prior to its relocation. The original Comets secured the first four WNBA championships between 1997 and 2000. Historic Transaction Concludes Mohegan Ownership Having purchased the team in 2003, the Mohegan Tribe made history as the first Native American tribe to own a professional U.S. sports franchise and the WNBA's inaugural independent owner. Although the Sun made four appearances in the WNBA Finals, they did not secure a championship. Joe Soper remarked: “Mohegan is deeply thankful to our devoted fans who have supported the team throughout 23 fantastic seasons.” He continued: “This organization — and the significant contributions of the gifted athletes who represented us — has had a profound and lasting effect on Mohegan Sun and the surrounding community.” Patrick Fertitta expressed to ESPN that the family is “excited to return the Houston Comets to this great city” and feels “the moment is ideal to launch a new chapter of Comets basketball.” Fertitta, who also owns the Houston Rockets, shares casino industry connections with the sellers through entities like Golden Nugget, Wynn Resorts, and Mohegan Sun. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Kentucky Considers New Rules for Betting and DFS

(AsiaGameHub) - Kentucky is evaluating one of the most comprehensive gambling reform bills observed in any state thus far this year. A House-supported measure would alter sports betting regulations, subject DFS products to more transparent oversight, and seek to incorporate prediction markets into the tax and enforcement framework. Good to Know The legislation would increase Kentucky’s sports betting age from 18 to 21. Sportsbooks would be prohibited from providing individual college player props linked to in-state schools. Under the proposal, prediction markets would be subject to a 14.25% tax, aligning with the rate applied to online sportsbooks. Kentucky Puts Several Gambling Issues Into One Bill Instead of concentrating solely on sportsbooks, the Kentucky bill aims to address multiple rapidly evolving segments of the market simultaneously. It would increase the minimum betting age to 21, regulate newer DFS and similar products from firms like Underdog and PrizePicks, permit fixed-odds horse racing, and establish regulations for sports-related prediction markets. A prohibition on individual player props for games involving in-state colleges is also included in the legislation. This would restrict wagers on player statistics related to institutions like the University of Kentucky or the University of Louisville. NCAA officials have advocated for comparable restrictions in other states, though implementation has varied nationwide. The bill does not increase the sportsbook tax rate. Kentucky would maintain the 14.25% tax on online sportsbook gross gaming revenue—near the national median—while applying this same rate to prediction markets operating within the state under the proposal.Another provision could impact some of the market’s largest brands. The bill would prevent sportsbook companies from offering unregulated sports event contracts via prediction market products. Based on recent reports, FanDuel, DraftKings, and Fanatics each have stakes on both sides of this divide, collectively accounting for over 75% of Kentucky’s sports betting revenue. Legal disputes would persist even if the bill were to pass. Prediction market operators continue to argue that state gambling laws do not govern their products, and this broader issue is already being litigated in over 20 cases nationwide. Most analysts anticipate a final resolution no sooner than 2027 or 2028, likely following appellate court review. Kentucky is not alone in this effort. State legislators nationwide have been revisiting betting regulations as online sportsbooks mature and related products continue to expand. A critical aspect in Kentucky is the timeline: the House passed the bill with strong bipartisan support, and a Senate committee received it last week, though no timeline for further proceedings has been established. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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PAGCOR Agrees with DOJ to Implement Enhanced Casino Restrictions

PAGCOR Agrees with DOJ to Implement Enhanced Casino Restrictions

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

Public Agency Officials Accused of Casino Gambling Violations in Chile

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

Soft2Bet MEGA Islands Allows Players to Build Their Own Island

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

Austria Extends Director Liability in Gambling Loss Disputes

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

The Star Finalizes Refinancing Agreement with WhiteHawk

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

Betsson: AI Has Altered the Security Defence Landscape

(AsiaGameHub) - Donald Tabone, Chief Information Security Officer at Betsson, has cautioned that human oversight is essential during the integration of Artificial Intelligence (AI), particularly as high-risk sectors confront an entirely new spectrum of threats. To what extent do you believe AI has amplified the significance of adaptability in cybersecurity? AI has introduced a completely new dimension to threats. While it has always been understood that people and technical systems represent some of the weakest links in security, AI has accelerated the exploitation of technical vulnerabilities and refined social engineering tactics. Consequently, there has been a substantial surge in attacks that are exceedingly difficult for either systems or humans to detect, compelling security teams to rapidly implement AI-driven countermeasures. AI has so profoundly reshaped the security defense landscape that the importance of flexibility has become paramount. How can we ensure that the increasing adoption of AI and automation does not introduce more vulnerabilities than it resolves? It is imperative for humans to maintain control over the implementation of AI and automation. This necessitates the establishment of clear guidelines. Over-reliance on and excessive trust in AI could inadvertently expose us to greater vulnerabilities rather than solving existing problems. Human verification remains critical, as AI systems are still far from perfect and not yet fully dependable. What measures can be taken to ensure efficiency in reporting potential threats and incidents? AI excels at identifying potential threat patterns, pathways, and incidents, often surpassing human capabilities in complex environments. While it sometimes lacks context, AI systems are continuously improving in this regard. As their contextual understanding advances, they should also assist humans in prioritizing threat remediation efforts. Has it become increasingly vital to dismantle internal barriers to enable rapid responses to potential cybersecurity threats? Yes, this is absolutely crucial. Just as AI tools are being widely utilized for offensive purposes, the expanded adoption of AI tools to aid in detection and mitigation becomes indispensable. Phishing, DDoS, and data breaches have been prominent in broader discussions about fraud; how are these attacks evolving specifically within the gambling sector? These types of attacks have always existed, but they have evolved with AI enabling perpetrators to conduct impersonation attacks by cloning voices and signatures, with the aim of targeting employees through spear-phishing campaigns. We recognize that these attacks are now significantly more sophisticated, leveraging emotion and timing to maximize their impact. When combined with AI, the opportunities to deceive individuals in a fast-paced environment like the gaming sector become particularly appealing to attackers. As profit margins tighten, to what extent has cybersecurity become a competitive advantage for gambling operators? Security has consistently been important for gambling operators as it safeguards the sources of value and protects player interests. Trust is a fundamental element of player retention; if a player feels secure, they will continue to engage in gaming. Irrespective of profit margins, protecting the sources of value enables businesses to achieve their strategic objectives without unintended human interference or disruption. Therefore, yes, indirectly, the absence of security issues allows businesses to flourish, creating a subtle yet increasingly significant competitive edge. What will be the most significant cyber threat to gambling operators in the next three years? It is challenging to predict definitively, as three years is a considerable timeframe. However, at the current trajectory, several factors could emerge as primary concerns. These include: Widespread adoption of AI systems for malicious purposes, Challenges related to post-quantum cryptography, Geopolitical tensions, Increasingly fragmented cybersecurity legislation, Fragmented jurisdictional requirements, Weak governance structures concerning the adoption of AI and automation tools. The era of taking security for granted has ended. Unless security is prioritized and becomes a quality characteristic of any product or service, vulnerabilities will be exploited at an unprecedented rate. This underscores the critical need for organizations to maintain firm control over how AI is adopted and governed. Tabone is scheduled to speak at the SBC Summit in Malta regarding the evolving dynamics of cybersecurity. For further details about the event and to secure your attendance in Malta, please 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.
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Over 40% of Altcoins Trading Near Record Lows

(AsiaGameHub) - Over 40% of altcoins are currently trading close to all-time lows, a clear indicator of how harsh conditions have become across the entire crypto market. Downward pressure has been building for months, and smaller coins are bearing the worst of the impact. Key Good to Know Over 40% of altcoins have reached, or are very close to, all-time lows. This share is even worse than the previous bear market peak, which hit roughly 38%. A surge of new tokens is stretching market liquidity extremely thin across the sector. Altcoins Continue to Take the Brunt of Losses Geopolitical tensions have added extra volatility across all financial markets, and crypto has not escaped this turmoil. Yet the pain is not spread evenly. Altcoins are absorbing far more damage than Bitcoin and other larger, established crypto assets. During past market downturns, smaller tokens already suffered heavy losses. Even so, current market conditions are more severe. More than 40% of altcoins have either fallen to their all-time low or are hovering just above that level. This figure is higher than the prior bear market peak, which came in at roughly 38%. Broad macroeconomic pressure is part of the issue. Risk assets typically struggle when investors grow cautious, and altcoins fall on the riskiest end of this spectrum. Still, wider economic trends are not the only reason altcoin performance has been so weak.A second core problem is simply excess supply. The crypto market now counts more than 47 million total cryptocurrencies. Around 22 million were created on Solana alone, while Base hosts more than 18 million and BNB Smart Chain has roughly 4 million. This massive expansion splits available investment across far too many assets. Put simply, liquidity dilution means less trading capital is available for each individual token. As a result, many altcoins grow more fragile and struggle more to hold their value over time. Record Weakness Can Also Create Opportunities Extreme underperformance often looks grim on the surface, but it can also open up new openings. When a large portion of the market gets beaten down, stronger projects often start to stand out much more clearly. That does not mean every low-priced altcoin is a good deal — far from it. Careful selection matters even more when liquidity is thin and competition between tokens is fierce. Projects with long-term staying power, active development, real-world usage, and resilient communities are far more likely to separate themselves from unviable projects. FAQ What is causing so much downward pressure on altcoins? Altcoins are being impacted by market volatility tied to geopolitical tension, weak investor risk appetite, and a massive jump in the number of tokens all competing for limited liquidity. How severe is the current altcoin weakness? More than 40% of altcoins are at or near all-time lows, which is worse than the prior bear market peak of around 38%. What is liquidity dilution in crypto? Liquidity dilution occurs when too many tokens compete for the same fixed pool of investor money, making it harder for individual coins to maintain strong trading support. How many cryptocurrencies currently exist? There are more than 47 million total cryptocurrencies today, including around 22 million on Solana, over 18 million on Base, and roughly 4 million on BNB Smart Chain. Does weak altcoin performance create investment opportunities? It can, but only for investors who can identify stronger, more resilient projects instead of chasing every coin that has dropped sharply in price. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Play Solana Activates PlayVERSE Gaming Hub on PSG1 Handheld

(AsiaGameHub) - Play Solana has officially debuted PlayVERSE, a dedicated gaming dApp store designed for the PSG1 handheld console. With the software now operational, the firm is transitioning its focus from hardware distribution to establishing a comprehensive Solana gaming ecosystem on the device itself. Good to Know PlayVERSE has launched on the PSG1 handheld device. The storefront offers a centralized hub for players to discover, install, launch, and manage Solana games. Play Solana positions this integrated system as a solution to the fragmentation currently seen in web3 gaming. Play Solana Transforms PSG1 Into a Centralized Solana Gaming Hub Instead of forcing users to navigate between various browser applications, external wallets, and third-party services, PlayVERSE consolidates the entire process into a single console interface. Players are able to browse titles, perform installations, start gaming sessions, and download updates without ever leaving the device's native environment. According to Play Solana, this launch represents a major software milestone for the PSG1, which first began shipping in October 2025. The company introduced the rollout with the slogan “Gaming Season starts NOW,” marking the beginning of a new phase of content delivery for the handheld. The company continues to highlight fragmentation as a primary industry hurdle. Web3 gaming has traditionally required users to jump between different blockchains, apps, and wallet prompts. Data from DappRadar in May 2025 showed that blockchain games reached 4.9 million daily active wallets—less than 0.6% of the 820 million active crypto wallets worldwide—citing poor onboarding and fragmented ecosystems as key reasons for the slow adoption.Behind the scenes, Play Gate functions as the publishing infrastructure for PlayVERSE. It logs submission receipts for game builds and assets directly on the Solana blockchain, including timestamps and submission hashes. Play Solana notes that this provides developers and players with a transparent, auditable trail of releases rather than relying solely on centralized server records. Integrated Hardware and Wallet Functionality The PSG1 is marketed as the first dedicated Solana-native handheld gaming device. While it features a retro Game Boy-inspired design, it runs on Android and features integrated blockchain capabilities. A built-in hardware wallet known as SvalGuard manages SOL, NFTs, and in-game rewards independently of external applications. The standard model was released at $329, while a limited Pudgy Penguins Edition was priced at $349. The special edition includes unique ecosystem benefits and triggers an automatic burn of $PENGU tokens with every unit sold. Regarding technical specs, the PSG1 is equipped with an RK3588S2 SoC, a 3.92-inch OLED screen, 8GB of RAM, and 128GB of internal storage, featuring Wi-Fi 6 and Bluetooth 5.4. The device operates on EchOS, an Android-based system specifically optimized for web3 gaming.Security remains a core focus, with a rear-mounted fingerprint sensor paired with SvalGuard for biometric logins and transaction authorization. Private keys and sensitive data are isolated from the Android OS via the CPU’s Trusted Execution Environment and an external, tamper-resistant Secure Element. Additionally, StrongBox provides hardware-backed security for all cryptographic tasks. The PLAY Token and Solana’s Gaming Roadmap PlayVERSE is also integrated into the wider Play Solana economy. The PLAY token serves as the primary utility token for marketplace transactions, staking rewards, and future airdrops for PSG1 owners. Rewards earned during gameplay are settled directly into the device's internal wallet, eliminating the need for third-party confirmations. The ecosystem is further supported by Play DEX, which manages leaderboards, quests, and staking, and Play ID, which serves as a universal identity layer. The flagship game, Play Solana: Origins, uses a narrative-driven approach to educate players on NFTs, swaps, and staking through active gameplay. The launch of PlayVERSE and the PSG1 aligns with Solana’s broader hardware initiatives. The Solana Saga debuted in 2022 as a blockchain-centric smartphone, later seeing massive secondary market demand following a BONK token airdrop. This was followed by the Seeker phone, which secured 150,000 pre-orders and generated approximately $67.5 million in revenue before its August 2025 release. The PSG1 applies this hardware-focused strategy to the dedicated gaming sector rather than the smartphone market. With PlayVERSE now live, Play Solana has provided developers with a native publishing route and players with a streamlined entry point into the Solana gaming landscape. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Gaming in Germany Sets Date for 2026 Berlin Conference

(AsiaGameHub) - Gaming in Germany has announced the date for its upcoming Berlin event. The 2026 Gaming in Germany Conference is scheduled to take place on November 10, 2025, at DoubleTree Hilton Ku’damm. Good to Know The 2026 Gaming in Germany Conference is scheduled for November 10, 2025, in Berlin. The agenda will include GlüStV 2021, compliance, player protection, marketing, and eSports. Multiple speakers have already been confirmed, including legal, regulatory, and market figures. Berlin Event Set for November Gaming in Europe stated that the 2026 Gaming in Germany Conference will be held at DoubleTree Hilton Ku’damm in Berlin. The annual event targets professionals across Germany’s regulated online gambling sector. Rather than focusing on a single topic, the conference will address a broad spectrum of issues related to the local market. Organizers noted that the agenda will cover regulatory developments, the evaluation of GlüStV 2021, market growth, player protection, eSports, marketing, and compliance. Several speakers have already been confirmed. The lineup includes Dr. Jörg Hofmann of Melchers Law, a senior GGL representative, Dr. Dirk Quermann of DOCV, Mathias Dahms of DSWV, a VP Games executive from ZEAL Network, Prof. Dr. Christian Piska from the University of Vienna, Dr. Nepomuk Nothelfer from the University of Agder and Melchers Law, and Josh Hodgson of H2 Gambling Capital.Willem van Oort, founder of Gaming in Germany, said: “Following last year’s highly successful edition of our annual Gaming in Germany Conference, we are thrilled to return to Berlin in 2026. As always, we aim to connect the industry with regulatory and social stakeholders, and vice versa. This year, we will gain deeper insights into the outcome of the ongoing evaluation of the 2021 State Gambling Treaty, as well as its impact on Germany’s regulated iGaming market. The Gaming in Germany Conference remains the key platform to meet the leading decision makers in Germany’s regulated iGaming industry, meaning there will be ample reason to join us in Berlin.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Nepal Orders Betting Apps and Websites to Close

(AsiaGameHub) - Nepal has mandated a rapid closure of online betting platforms. The directive was issued via an online government statement, granting authorities a 24-hour deadline to take action. Good to Know Nepal instructed its telecommunications regulator to block betting apps and websites within a 24-hour timeframe. Internet service providers are anticipated to assist in restricting access. The directive was issued shortly after a new prime minister assumed office. Nepal Mandates Immediate Closure In an online statement released Sunday, the Nepalese government directed the Nepal Telecommunications Authority to "immediately" shut down betting apps and websites, encompassing all forms of electronic wagering, within 24 hours. The regulator is slated to collaborate with internet service providers nationwide. The timing is significant. The order was issued mere days following the swearing-in of Balendra Shah, a 35-year-old former rapper and Kathmandu mayor, who became Nepal's youngest prime minister on March 27 after his Rastriya Swatantra Party secured a decisive victory. Tensions had been mounting. In November 2025, the Himalayan Times documented a "proliferation of gambling apps and online platforms" in Nepal, noting they were "functioning without restriction". The broader region has similarly been strengthening regulations. Last August, neighboring India approved legislation prohibiting online real-money gaming, effective October 1 of that year.. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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