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nQube Data Science and Jade Entertainment agree breakthrough distribution deal

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Leading artificial intelligence (AI) company nQube Data Science is excited to announce a distribution deal with Jade Entertainment and Gaming Technologies. Jade, a Philippines-based company established as a definitive “one stop shop” of gaming technologies and information for casino operators in Asia, will accordingly expand its AI offerings through this new agreement.

Jade offers a wide variety of products and services, providing both land-based and digital operators with the tools and services necessary to establish successful gaming operations. Its progressive global footprint extends from the Philippines to Vietnam, Malaysia, Macau, Saipan, Australia and New Zealand, and continues to grow via a portfolio of partnerships with global gaming leaders and emerging technologies.

This new distribution agreement permits Jade and nQube to bring sophisticated AI solutions to these markets and allow casino operators to navigate the ever-changing gaming industry landscape through the latest automated techniques which feature: AI-driven optimization, AI-optimized behavioural segmentation of players, COVID-19 safety and economic harm mitigation analysis, predictive analytics across land-based and online gaming, and other AI technologies under development.

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nQube’s suite of AI-driven products provide casino operators with insights on how

to optimize their slot floor to maximize revenue and improve the player experience. At the heart of nQube’s flagship product, Reel AI, is advanced AI technology founded on over 20 years of research and development. By recognising the slot floor as a connected ecosystem, where every machine change affects the performance of every other machine on the floor, nQube’s unique tech harnesses efficiencies to increase revenue and enhance the user experience.

Having established Reel AI in 2017, nQube has been expanding its repertoire of AI-powered gaming to include: technologies for simulating player behaviour for testing of new floor layouts and remodels; modeling COVID-19 contamination and proximity exposures on the gaming floor to test cleaning and social distancing strategies; AI-optimized slot floor reductions to promote social distancing while minimizing economic impact; AI-driven segmentation of player databases and slot machine features; and predictive analytics delivered via a dashboard suite.

Joe Pisano, CEO of Jade Entertainment, said: “As the gaming landscape changes, a forward-thinking firm like nQube continues to find solutions to real, unique, and complex problems that give operators the upper hand. Above all, it is capable of creating customized AI and data modelling solutions to suit varied customer needs.

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“This breakthrough distribution agreement will allow both nQube and Jade to expand their respective reach and offerings – Jade will broaden our own inventory of services to include the cutting-edge AI casino products, while nQube will gain further access to Asian, Australian, and New Zealand operators wishing to increase their revenue and operations via these new technologies.”

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Uzbekistan Legalises Online Betting and Lotteries

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President of Uzbekistan Shavkat Mirziyoyev has signed a decree on April 19 titled “On Measures to Improve the Regulation of the Organization and Conduct of Lotteries and Risk-Based Games in the Republic of Uzbekistan”. The document abolishes the ban starting from January 1, 2025, and introduces a legal framework for the organisation of risk-based games online and betting activities.

The issue of legalising betting activities has been a long-standing topic in Uzbekistan. In December 2019, the president signed a decree to legalise bookmakers, but this decision was revised in April 2022. In April 2023, the head of state instructed the development of a regulatory framework for betting activities.

The National Agency for Advanced Projects (NAAP), the authorised state body for regulating and licensing activities in this sector, provided insights on the necessity of introducing state regulation in the gambling sector in Uzbekistan. The agency emphasised the need to prevent illegal gambling businesses, protect players’ rights and generate additional income for the state budget.

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The president’s decree aims to introduce advanced foreign experience and modern technologies in regulating the organisation of risk-based games and lotteries to increase investment attractiveness, tourist potential and attract additional funds to the country.

The measures outlined in the decree include the creation of legal foundations for the legalisation of activities related to risk-based games online, betting activities, and lotteries, implementation of mechanisms to protect citizens’ rights and interests, prevention of gambling addiction and the generation of additional state budget revenue.

Starting from January 1, 2025, a taxation system will be introduced for license holders, where organisers of online games, betting activities and lotteries will pay a turnover tax. This system aims to prevent the concealment of taxable revenue and is expected to generate additional tax revenues for the state budget.

Overall, the implementation of the decree is intended to establish a reliable foundation for the legal regulation of activities related to organising risk-based games online, betting activities and lotteries in Uzbekistan, protect citizens’ interests, combat gambling addiction and provide additional sources of income for the state budget.

The post Uzbekistan Legalises Online Betting and Lotteries appeared first on European Gaming Industry News.

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Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

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Award-winning iGaming supplier in regulated markets Delasport has just signed a sports deal with Philippines’s number 1 operator OKBET.

The leading software developer will provide sports-services to their new partner, enhancing the experience of sports bettors in the Philippines even further.

“We’re proud to supply our services to such a strong partner as OKBET, and to an exciting and steadily growing market as the Philippines”, Delasport’s CEO Oren Cohen Shwartz comments on the agreement.

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Regulated Philippines is marking a stable 5% year-to-year growth with the number of users expected to reach almost 6 million by 2029.

This is yet another deal for Delasport, with the global supplier’s expansion in regulated markets happening at full force.

Same goes for OKBET who have been holding the number one operator spot in iGaming in the Philippines for a long time now.

“I’m excited that OKBET and Delasports are joining forces to redefine the landscape of online sports gaming in the Philippines”, OKBET’s COO Wayne Thong also comments on the deal. “This partnership combines OKBET’s local market expertise with Delasports’ global industry leadership, creating new opportunities for innovation and customer satisfaction. OKBET and Delasports share a common vision for the future: a vibrant and dynamic platform that caters to the diverse interests of sports enthusiasts. By combining cutting-edge technology with a deep understanding of user preferences, this collaboration aims to set new standards for the industry.”

The post Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET appeared first on European Gaming Industry News.

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Indonesia Establishes Task Force to Combat Online Gambling

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Indonesia’s Ministry of Communications and Information Technology (Kominfo) has revealed plans to establish a task force to combat online gambling.

In a statement, Kominfo said the task force would comprise representatives of multiple government agencies including the Financial Services Authority (OJK), Financial Transaction Reports and Analysis Centre (PPATK) and the police.

It will also work with Interpol to combat cross-border cases given the government’s lack of past success in blocking foreign operators.

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“Kominfo will oversee the digital space, OJK will manage accounts and PPATK will handle fund flows, and the police will carry out arrest and investigation duties,” said Usman Kansong, the Ministry’s Information and Public Communications Director.

Minister Budi Arie said: “The Ministry has also issued a warning to all social media platforms, cellular operators and internet service providers not to facilitate any form of online gambling promotion. We have done everything within the authority of Kominfo.

“We from the Ministry of Communication and Information are fully determined. At the beginning of the week I gathered all our teams at Kominfo to work together to eradicate online gambling.”

The post Indonesia Establishes Task Force to Combat Online Gambling appeared first on European Gaming Industry News.

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