Connect with us
MARE BALTICUM Gaming & TECH Summit 2024
abc-world-media-targeting-partners-in-asean-region abc-world-media-targeting-partners-in-asean-region

Asia

ABC World Media Targeting Partners in ASEAN Region

Published

on

Reading Time: 2 minutes

 

In order to strengthen its foothold in the igaming industry, ABC World Media participated in the just concluded Sigma World Asia at Manila. Embarking on its mission of moving to new markets after opening of its branch office in Singapore last year, the team at ABC World Media went further to explore other regions in ASEAN. With its focus on creating better digital footprints for its clients from the igaming industry, the media and creative agency is looking at establishing key alliances in the local markets of Philippines, Malaysia, Vietnam, Thailand, Cambodia, Singapore and Indonesia. High on its agenda are medium and small enterprises consisting of publishers, independent digital media agencies, entrepreneurs from media buying domain who wish to venture into new industry domains.

ABC World Media firmly believes in a collaborative approach for a better business outcome. With their own experience of working with clients from Europe, ABC World Media wants to utilise its industry experience and combine it with the local intelligence of regional partners to build a sustainable and scalable business venture. Commenting on the success of Sigma World Asia event at Manila, Mr. Ajay Bhatiwal, the CEO of ABC World Media, mentioned strongly about the potential such events carry in the growing markets of ASEAN. It brings to light a lot of such small scale organisations who could be having a world class offering. Not only was the event able to draw a footfall of more than 12000 delegates, the sentiment of the visitors was observed to be very serious and everyone seemed to be excited at the promising opportunities. He further remarked, when value is driven both by quantity and quality, trust takes the centre stage in business. That’s exactly what the Sigma World Asia event in Manila did. With majority of participation coming from organisations from Europe, the destination turned out to be great mix of multi-cultural visitors. From game developers, operators, aggregators, media agencies and affiliates the event brought together a much diversified audience.

Mr. Ajay Bhatiwal also shared his view points on Philippines being a regulated market, where organisations like PAGCOR (Philippine Amusement and Gaming Corporation) are working diligently to revitalise the gaming sector in the country and at the same time focusing on making the Philippines a top gaming and entertainment destination for the ASEAN region. Overall, this presents the region as a preferred destination for industry players and allied industry sectors like payment partners and software solution providers. Such steps also make it easier for doing business in the region and better decision making for businesses wanting to foray into the region.

Advertisement

In the end he thanked the Sigma World team for putting up a grand show with full house attendance. It truly reflected on the amount of hard work that would have gone into building an engagement of such phenomenal scale. The event did bring forth tremendous networking opportunities and proved to be a true value proposition for the attendees. He expressed a lot of confidence in joining their next event in Malta slated for November 2023.

Asia

Uzbekistan Legalises Online Betting and Lotteries

Published

on

uzbekistan-legalises-online-betting-and-lotteries
Reading Time: 2 minutes

 

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.

Advertisement

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.

Advertisement
Continue Reading

Asia

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

Published

on

delasport-signs-a-sports-deal-with-philippines’-leading-regulated-operator-okbet
Reading Time: < 1 minute

 

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.

Advertisement

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.

Advertisement
Continue Reading

Asia

Indonesia Establishes Task Force to Combat Online Gambling

Published

on

indonesia-establishes-task-force-to-combat-online-gambling
Reading Time: < 1 minute

 

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.

Advertisement

“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.

Advertisement
Continue Reading

Trending