Asia
EvenBet Gaming Launches Teen Patti on Its Turnkey Platform
EvenBet Gaming, a leading developer and software provider for operators like MPL among others with over more than 15 million active players from India, announced the introduction of a popular card game ‘Teen Patti’ on its turnkey platform today. The EvenBet platform offers over 30 variants of online poker in addition to rummy, call break, and other card games. Teen Patti will be available for all the accessible devices via desktop, web, and mobile applications.
The game of teen patti has a strong connection with the Indian cultural heritage and a long history as it is played during festivals in India. The rules are quite similar to poker, interestingly the difference would be the game may accommodate up to eight players. The game completely relies on the skills and the ability of the player to learn winning card combinations by keeping in mind the cards that were already played by the opponents, to estimate the potential winning chances.
As per the Octro Inc. report the growth of teen patti has increased almost 800% with active users exceeding 150 million in India in 2020. Foreseeing the overall market growth, the estimates highlight its likeness among the masses which probably now have more than 200 million active players in the country. The number of teen patti players in India exceed the number of poker players. The game will increase the liquidity of poker in India by 20-25%.
According to EvenBet Gaming CEO Dmitry Starostenkov “Being an extremely popular game at social gatherings in India and across South-East Asia, we believe it will bring additional value and more players to the projects already using the EvenBet platform and poker. We have about 50% of the poker market in India and we aim to be absolute leaders in the card games space”.
Talking about the growth prospects, he further states,”For EvenBet, liquidity is the key growth factor for revenue streams from p2p games. The operator’s profit will correlate with the liquidity increase. Customization extends to the branding and company-specific design to the offered games. The market capacity for teen patti is enormous in India and with the right marketing approach this game is bound to succeed.”
EvenBet Gaming has a positive experience in creating and launching market-specific card and skill games: in addition to the classic poker variations, Evenbet Gaming portfolio now includes, call break, rummy, backgammon, big two, turkish poker, and now teen patti. All these games are developed in-house and fully customisable; an operator may choose any games from the set or add all of them.
Recently named the Best Platform Provider at SPiCE Awards 2022 (Goa, India), EvenBet provides software for operators with more than 15 million active players from India, such as MPL, PokerSaint, 9stacks, and PokerHigh. Adding the most popular card game will strengthen EvenBet partners’ position in the market.
Asia
Philippine Senator Pushes for Inquiry into Banks’ Role in Pogo Funding
Philippine Senator Sherwin Gatchalian has proposed Senate Resolution 1193 to investigate the failure of local banks to detect POGO-related suspicious transactions tied to criminal activities, following the case of former Bamban, Tarlac Mayor Alice Guo.
Gatchalian, in his resolution, highlighted bank transactions involving Guo’s companies, which amounted to hundreds of millions of pesos and allegedly funded the construction of a POGO hub in Bamban. The amount far exceeded the financial capacity reflected in the companies’ financial statements.
He pointed out a significant increase in cash flows, check disbursements, and transactions involving Guo’s accounts, peaking in 2020—an anomaly given that the COVID-19 pandemic had severely disrupted businesses and economies worldwide.
Gatchalian noted that despite these large transactions, the banking system failed to flag them as suspicious. He raised concerns about the banks’ inability to report such dubious activities, questioning the effectiveness of their internal controls and procedures for identifying and reporting suspicious behaviour.
The senator emphasised that financial institutions are responsible for analysing financial data to detect transactions that may indicate money laundering.
These circumstances, according to Gatchalian, raise doubts about the adequacy of current Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations and guidelines for banks and financial institutions.
Gatchalian also pointed out that the Philippines remains on the Financial Action Task Force (FATF) grey list. The country must improve its AML/CTF efforts, including prosecuting money laundering and terrorism financing, addressing beneficial ownership information and strengthening cross-border declaration measures.
While President Ferdinand Marcos Jr. has instructed all government agencies to meet the necessary requirements to remove the country from the FATF grey list, Gatchalian stressed that private sector compliance is equally crucial to strengthening the country’s AML/CFT regime. This includes increased adherence to obligations, such as reporting covered and suspicious transactions.
The post Philippine Senator Pushes for Inquiry into Banks’ Role in Pogo Funding appeared first on European Gaming Industry News.
Asia
Malaysia’s PAS Vows to Shut Genting Casino if Party Wins in Pahang State
An Islamic party said it was prepared to shut down Malaysia’s only casino if it wins control of the state where it is located, as the group looks to build its influence in the Southeast Asian nation.
A senior official from Parti Islam Se-Malaysia said if voters in central Pahang state – home to Genting Bhd.’s casino – wanted gambling to end, they should choose the Islamic party. The party is tapping into concerns by the country’s Muslim majority over gambling, which is forbidden in the Koran.
PAS has been growing its influence since the 2022 elections made it the biggest party in federal parliament. It already controls four of Malaysia’s 13 states and is looking to capture Pahang in the next national election that must be held by early 2028.
“Gambling is harmful, so we have to close it. But it must be in accordance with the laws and constitution,” Andansura Rabu, PAS’ deputy commissioner for Pahang, said at the party’s annual gathering.
The federal government decides on casino and gaming permits in Malaysia and gaming is one of the most regulated sectors in the country.
Genting’s casino contributed as much as US$1.16 billion annually to government coffers before the pandemic, according to a report by UOB Kay Hian, a Singapore-based brokerage. When PAS emerged as the biggest party after the 2022 elections, Genting shares slid but recovered as Anwar formed a unity government made up of liberals, a Chinese-dominant party and regional groups.
Still, the growing influence of the Islamic party in national politics has pushed Anwar to turn more conservative to burnish his credentials with voters. Last year his government cancelled a concert after two members of a British band The 1975 shared a same-sex kiss on stage, and banned Swatch watches that showcase Pride colours.
At the annual gathering held last weekend in Pahang, PAS has ruled out working with Anwar’s coalition and pledged to champion Islamic issues. Banning alcohol and gambling in Malaysia would be key, the party has said.
“Anything that can harm society, we must together support its destruction. This isn’t a matter of religion, it’s a social issue,” Andasura said.
The post Malaysia’s PAS Vows to Shut Genting Casino if Party Wins in Pahang State appeared first on European Gaming Industry News.
Asia
Chinese Football Bans 43 for Life Over Gambling and Match-Fixing Scandal
Chinese football authorities have banned 43 individuals for life due to their involvement in gambling and match-fixing scandals. The list includes three former China international footballers and South Korean World Cup player Son Jun-ho.
China’s extensive football corruption crackdown campaign has been ongoing since 2022. The National Sports General Administration and the Ministry of Public Security have led efforts to address issues of match-fixing and gambling in the sport. They have investigated over 120 matches, involving 83 players, referees, coaches and club officials. To date, 44 individuals have been sentenced, with 34 receiving prison terms.
The recent announcement of these lifetime bans came shortly after the national team’s 7-0 loss to Japan.
Son Jun-ho, who played for Shandong Taishan in the Chinese Super League and represented South Korea in the 2022 World Cup, has been accused of participating in match-fixing and accepting bribes. Son returned to South Korea in March 2024 after being detained in China since May 2023. The authorities initially stated that he was held “on suspicion of accepting bribes by non-state employees” but did not provide further details.
Other notable figures banned include Jin Jingdao, a former Shandong Taishan player, and Chinese international players Guo Tianyu and Gu Chao.
The post Chinese Football Bans 43 for Life Over Gambling and Match-Fixing Scandal appeared first on European Gaming Industry News.
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