Asia

Asian news

Kazakhstan mulls strict tightening of public access to gambling 

SBC News Kazakhstan mulls strict tightening of public access to gambling 

The Ministry of Tourism and Sports of Kazakhstan has confirmed that it will recommend stringent rules to tighten “public access to gambling venues”.  The announcement was made by Vice Minister, Yerzhan Erkinbayev who declared that his department is set to publish its recommendations on gambling protections as demanded by President Kassym-Jomart Tokayev. Amongst the proposals reported by local media, Erkinbayev …

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HKJC clears 2022/23 hurdles but warns of ongoing macroeconomic challenges

SBC News HKJC clears 2022/23 hurdles but warns of ongoing macroeconomic challenges

The Hong Kong Jockey Club (HKJC) has detailed a positive end to a challenging 2022/23 financial year, reporting record turnover and a stronger contribution from football betting. Hong Kong’s government-backed betting operator reported total turnover for the 12-month period ending 30 June 2023 of HK$304.8bn (£31bn), despite local turnover from Hong Kong itself falling by 1.3%. Regarding products, racing turnover …

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Digitain’s Luis Figo partnership rolls into second year

SBC News Digitain’s Luis Figo partnership rolls into second year

Digitain has marked the second consecutive year of its partnership with Portuguese former footballer Luis Figo, who will continue to work as a brand ambassador for the firm. Figo will maintain his brand ambassador responsibilities for another year going into 2024, playing a role in promoting and enhancing the image of Digitain’s brand via appearances at industry trade events. The …

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Kazakh President wants ‘concrete plans’ to curb gambling addiction 

SBC News Kazakh President wants ‘concrete plans’ to curb gambling addiction 

Kassym-Jomart Tokayev, President of Kazakhstan, has ordered government departments to draft plans on imposing new gambling restrictions.  Astana news sources report that President Tokayev has highlighted the dangers of gambling addiction to department leaders at a Security Council meeting. According to Tokayev, “gambling addiction has increased over recent years and has affected many families in the country”. He pointed specifically …

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UAE preparing for gaming market launch with new regulatory body

UAE preparing for gaming market launch with new regulatory body

Paving the way for the future launch of a local betting and gaming market, the UAE has created a new regulatory authority to manage and licence the industry. The General Commercial Gaming Regulatory Authority (GCGRA) has been established to govern commercial gaming and lotteries, according to state media.  It is unclear whether ‘gaming’ will encompass sports betting, online casino or …

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UN cites rise in gambling as ‘root cause’ of exploitative SE Asia scam operations

UN cites rise in gambling as ‘root cause’ of exploitative SE Asia scam operations

A rise in both online and land-based gambling operations in Southeast Asia, many of which are not legal under local laws, has contributed heavily to criminal activity according to the UN. A UN Human Rights Office (UNHRO) report into human trafficking in the region – specifically looking at Loa, Thailand, Cambodia, Vietnam and the Philippines – estimates that ‘hundreds of …

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Fastex granted initial approval from Dubai’s VARA

Fastex granted initial approval from Dubai’s VARA

Fastex, the Web-3 driven ecosystem from SoftConstruct, has made its first steps towards expanding its presence in the Middle East after receiving initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA). The approval, SoftConstruct explained, marks another milestone for the company as it continues to pursue new opportunities in global markets. Vigen Badalyan, the Co-Founder of Fastex, said: …

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SBC Summit Tbilisi to Explore Dynamics in Black Sea, ,Central Asia, Eastern Europe and Balkans

SBC Summit Tbilisi to Explore Dynamics in Black Sea, Central Asia, and Balkans

SBC Summit Tbilisi is poised to present an all-encompassing series of conference sessions that will deeply delve into the boundless opportunities in Georgia and its neighbouring regions, spanning the Black Sea Region, Central Asia, Eastern Europe and the Balkans. As the foremost iGaming and sports betting conference for Georgia and its adjoining areas, SBC Summit Tbilisi is jointly organised by SBC …

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6686 Sport and AS Monaco expand in Asian market in regional deal

SBC News 6686 Sport and AS Monaco expand in Asian market in regional deal

6686 Sport has been named the official regional partner of AS Monaco in Asia, covering the next three seasons. The gambling firm will benefit from visibility on LED panels during the Ligue 1 club’s home games that broadcast in Asia. Danny Chen, Brand Manager of 6686 Sport, stated: “We are delighted to announce our thrilling partnership between 6686 Sport and …

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