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FinBet launches in Kazakhstan with Digitain

SBC News FinBet launches in Kazakhstan with Digitain

New Kazakhstan bookmaker FinBet has launched in Central Asia on the Digitain platform at www.finbet.kz. Focused on innovation and technological modernisation, FinBet has said that it aims to become one of the top players in Kazakhstan by the end of this year with ambitions to launch 30 betting shops during Euro 2016 alone. Oganes Ter-Oganesiani, COO of FinBet, commented: “We …

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EveryMatrix opens development arm in Ho Chi Minh Vietnam

SBC News EveryMatrix opens development arm in Ho Chi Minh Vietnam

Industry platform and software provider EveryMatrix has announced the launch of its new development office in Ho Chi Minh City, Vietnam. The company which was originally founded in Copenhagen Denmark, reached a significant corporate milestone as it opens its tenth global office. Its new Vietnam office will work on a number of development processes, including frontend JavaScript delivery, the development …

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500.com reduces costs as it enters fifth straight quarter with no core revenues

SBC News 500.com reduces costs as it enters fifth straight quarter with no core revenues

Investor concerns continue to mount regarding New York-listed Chinese sports lottery operator 500.com’s ability to survive its services suspension imposed by the Chinese Ministry of Finance. Posting its Q1 2016 financial performance, the company would record its fourth consecutive quarter with no core product revenues, declaring operating losses of – $15 million for the period. 500.com governance would present no …

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From 1972 to present day: How eSports became a $2 billion industry

SBC News From 1972 to present day: How eSports became a $2 billion industry

A new infographic released from RightCasino.com maps the growth of eSports from the 1970s to a global $2 billion industry. The infographic charts the phenomenon’s rise from the Space Invaders contests of the 1970s, through the console games boom of the 1980s and the early gaming leagues of the the 1990s. “The history of eSports simply couldn’t be more compelling,” explained RightCasino.com …

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Genting UK undertakes executive shake-up as company aims for compelling multi-channel offering

SBC News Genting UK undertakes executive shake-up as company aims for compelling multi-channel offering

Announcing a new corporate strategy focusing on developing multi-channel capabilities, Genting UK President Paul Willock has announced a restructure of the operator’s executive team. Focusing on delivering a compelling multi-channel offering to its customers, Willock confirmed the appointment of Mark Sergeant as Managing Director of Genting Casinos UK ‘Home Markets’. Sergeant the former Managing Director of Gala Coral UK Casinos, …

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West Bromwich Albion bags biggest shirt sponsorship ever with UK-K8.com

SBC News West Bromwich Albion bags biggest shirt sponsorship ever with UK-K8.com

Midlands football Club West Bromwich Albion has confirmed its most lucrative shirt sponsorship ever by announcing online casino operator UK-K8.com as its new shirt sponsor for next season’s Premier League 2016/17. West Bromwich Albion marketing disclosed that the shirt sponsorship agreement will run for an initial two-year period. UK-K8.com a brand operated by Asian gaming operator K8 Group, will work …

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Microgaming announces May game release

SBC News Microgaming announces May game release

Microgaming have announced the release of Win Sum Dim Sum, a new game for its collection. The slot, which is available in 20 languages, will be released across all platforms to Microgaming and Quickfire operators on 4th May 2016. Neill Whyte, Head of Product Channels at Microgaming, commented: “May’s game release pairs trusted game features with a fun theme set for global appeal. This game adds …

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Scott Longley – The Asian handicap – Will betting companies learn to trust Chinese football?

SBC News Scott Longley - The Asian handicap – Will betting companies learn to trust Chinese football?

With the rise of Chinese football and clubs in the Chinese Super League becoming financial powerhouses meaning that a flurry of talent has made its way there and will continue to do so, the question of betting on matches in the league becomes more prominent.  With past corruption charges still looming over the CSL however, Scott Longley  asks if bookmakers are …

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500.com sells stake in payment processor Sumpay

SBC News 500.com sells stake in payment processor Sumpay

Issuing a short market update, embattled New York-listed Chinese sports lottery operator 500.com has disclosed the sale of its 63% equity stake in Asian digital payment processor Sumpay.cn ( Sumpay). Payment processor, Sumpay, is licensed to provide third-party payment services in Chin. 500.com revealed that it had invested in Sumpay holding company Zhejiang Shangmeng Technology in December 2015 for a cash consideration …

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