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Spectrum Gaming Group named José H. Rivera Madera as Senior Advisor for LatAm

The gambling consulting company Spectrum Gaming Group announced that José H. Rivera Madera, an experienced public policy, tourism, and governmental affairs professional with nearly 30 years of experience, has joined the team as Senior Advisor.

In this role, he will support Spectrum’s expanding work across Puerto Rico and Latin American jurisdictions, focusing on business development, government relations, tourism strategy, and gaming policy.

Fredric Gushin, Spectrum Gaming Group
Fredric Gushin

“José’s deep understanding of Puerto Rico’s governmental landscape, combined with his experience in tourism and gaming policy, makes him an invaluable addition to our team” said Fredric Gushin, President and CEO of Spectrum Gaming Group. “His insights and relationships across the region will significantly strengthen our ability to support clients throughout Puerto Rico and Latin America.”

Rivera Madera served as Representative for District 23 in the Puerto Rico House of Representatives from 2021 to 2024, where he chaired the Commission on Tourism and Cooperativism. In that capacity, he led initiatives aimed at strengthening tourism policy, advancing community development, and supporting economic growth across the island. His public service career began in 1997 as a legislative advisor, providing strategic counsel on public policy, government affairs, and legislative matters.

“Spectrum continues to expand its work in jurisdictions where tourism, gaming, and economic development intersect,” shared Juliann Barreto, Chief Operating Officer of Spectrum Gaming Group. “José brings a rare combination of public‑sector leadership, policy expertise, and on‑the‑ground experience that will enhance our advisory capabilities and deepen our presence in the region.”

In addition to his legislative background, Rivera Madera has developed extensive expertise in the gaming industry, including regulatory, policy, and operational issues. He advises municipalities throughout Puerto Rico on tourism development, destination marketing, economic growth strategies, and public‑sector initiatives designed to strengthen local economies and enhance visitor experiences.

“I am honored to join Spectrum Gaming Group, a firm recognized globally for its integrity, expertise, and commitment to responsible industry development,” Rivera Madera added. “Puerto Rico and Latin America present tremendous opportunities for innovation and growth, and I look forward to contributing to Spectrum’s mission while supporting governments and organizations across the region.”

Why 1xBet invests in global licensing and long-term stability

Rapid growth alone is no longer a convincing argument in the betting industry. An operator may expand its geographic reach, grow its audience, and forge high-profile partnerships — which can provide platforms for communication but do not replace regulatory responsibility — but the key question remains: how sustainable is this growth? 

For an international operator, working in regulated markets almost always means a more complex business model. Each jurisdiction requires a separate approach: local permissions, audits, reporting, compliance with requirements regarding advertising, payments, player identification, responsible gambling, and interaction with the regulator. There is no universal license for the global betting market. Every regulated market comes with its own regulator, licensing framework and compliance requirements. Expanding into a new jurisdiction often means starting the process again from scratch.

In the short term, it isn’t the most convenient path. Licenses cost money, compliance requires a dedicated team, and regulatory audits slow down the launch. Also, local regulations may restrict bonuses, advertising, payment mechanisms, and the user experience. In some cases, an operator has to redesign its product, but not because it’s easier for the business; the market demands it.

Prioritizing regulated growth represents a long-term strategic direction toward developing a more sustainable infrastructure. It focuses on adapting to market requirements through verifiable processes, tax obligations, and player-protection mechanisms. At the same time, it helps operators secure the right to remain in the market over the long term by operating within clear rules and predictable conditions for players, partners, and regulators.

For players, licensing does not guarantee a perfect experience, but it does provide a more transparent environment. A regulated market may involve more checks, more procedures, and more restrictions. However, these elements establish a baseline framework designed to support risk management, identity verification, and responsible gambling practices, though implementation parameters remain specific to each relevant jurisdiction and legal entity. 

The International Player Safety Index, commissioned by 1xBet and produced by SBC Media, shows that player protection remains a complex challenge even in mature markets. Even when regulatory frameworks are well-established, operators still face varying requirements across countries, and inconsistencies between jurisdictions create gaps and uncertainty for players and licensed companies. The report highlights three key areas for future player protection: clarity of rules, earlier intervention, and data-led protection, including real-time monitoring and AI under strict safeguards.

For operators, the implications go far beyond licensing fees. It’s not enough to simply obtain a license and continue operating under the old model. Operators need to maintain processes, update systems, track legislative changes, work with regulators, and tailor security measures to the specific market.

LatAm

Latin America demonstrates why this is particularly crucial for new regulated markets. The region is rapidly transitioning from offshore dominance toward locally licensed models and is already among the leaders in certain player protection measures. According to the Player Safety Index, 84% of surveyed operators use KYC checks, 69% employ real-time activity monitoring, and 34% use AI to identify potential gambling harm. At the same time, the report highlights a weakness: technological tools do not work to their full potential if players do not understand why they exist.

This highlights an important point: licensing is only one element of a broader long-term strategy. It involves supporting dialogue around regulatory objectives, communicating the risks, and addressing players’ habits. That’s especially true in places where betting is still viewed not as entertainment, but as a potential source of income.

Africa

Africa illustrates a different stage of regulatory development. A two-tiered dynamic is evident in the region: Kenya and Nigeria are moving toward more modern frameworks, while other markets are still establishing basic compliance infrastructure. The report also highlights the roles of retail, cash payments, mobile networks, and the black market as factors complicating efforts to protect players.

For international brands, this means that stability cannot be achieved through a single corporate standard. It must be built market by market: through licensing, local adaptation, payment infrastructure, compliance, partnerships, education, and efforts to combat the unlicensed segment.

The experience of large international operators illustrates how this challenge plays out in practice. One example is 1xBet, a company that is adapting its international growth strategy toward a long-term commitment to regulated markets. The company has been operating since 2007, holds more than 35 licenses worldwide, implements responsible gaming measures, and supports research to better understand the state of player protection across regions.

That is precisely why regulated-market development for 1xBet is more than just an added layer to the brand; it is an integral part of its strategy. It is an investment in a regulated presence, a basis for informed confidence and stable operations, and the ability to build a business not on short-term growth cycles, but on a long-term presence in the industry.

The future of the betting industry will not be shaped by scale alone. Instead, it stems from the ability to meet market demands, invest in compliance, protect players, and remain a reliable partner as regulations become stricter.

Asia Gaming eBrief: Waterfront Manila rebuild put on hold until 2028

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Good morning. Measure twice, cut once. Waterfront Manila Hotel & Casino’s comeback has hit another wall, with operator Acesite suspending reconstruction as costs climb to $58.5 million and tourism demand still looks too thin to carry the project. The company now sees 2028 as the earliest restart, after shelving a previous 2026 soft-opening target and warning that Manila gaming is stuck on a “serious plateau.” Meanwhile, Light & Wonder says its own numbers finally add up, with chairman Jamie Odell touting a “leaner, stronger” company after five years of restructuring.

What you need to know

On the radar


AGB Intelligence

Waterfront Manila Hotel

Waterfront Manila rebuild suspended on rising costs

Reconstruction of the Waterfront Manila Hotel & Casino has been put on hold, with the operator, Acesite, citing sharply higher costs and uncertain tourism demand. The revised budget has reached $58.5 million, compared with $24.4 million in insurance funding. The company said weak room sales, slower tourism recovery and pressure on Manila’s gaming market made further investment difficult, pushing any restart to 2028 at the earliest.

Industry Updates


Corporate Spotlight

How Crypto Adoption in Asia is Changing iGaming Payments

Yevhen Krazhan, CSO for GR8 Tech

Yevhen Krazhan, CSO at GR8 Tech, explores how surging crypto adoption across Asia is revolutionizing iGaming payments, stating: “When I look at what’s changing fastest in Asia, it’s payment behavior,” as wallets, stablecoins, and seamless cross-border transfers become deeply ingrained in player habits. The winning operators will be those that offer fast, reliable, and local deposits and withdrawals. To make sense of it, Yevhen breaks Asia into two crypto realities.


INTELLIGENCEASEAN | AWARDSCAREERS | EVENTS

Safe Buster by Aristocrat Gaming rolls out across North American casinos

Aristocrat Gaming has introduced Safe Buster™, an all-new slot game that brings together the player-favorite characters from Bank Buster™ and Crazy Chickens™ in a mischievous, action-packed adventure, now making its debut on casino floors across North America.

The Safe Buster™ game family arrives on casino floors with three vibrant titles, Buffalo™, Chief™, and Shark Fury™, each featured on the advanced Baron™ Upright cabinet. Building on the proven success of Crazy Chickens and Buffalo Ultimate Stampede™, the new series delivers fast-paced gameplay alongside an SSP/SAP jackpot starting at $10,000.

Aristocrat, Kurt Gissane, CRO
Kurt Gissane

“Players across North America have responded strongly to Bank Buster and Crazy Chickens, both consistently delivering for our customers,” said Kurt Gissane, Chief Revenue Officer at Aristocrat Gaming. “With Safe Buster, we’re building on that momentum by introducing fresh, playful adventures that enhance the original appeal while offering new entertainment value.”

At the core of the experience is the popular Tick Tick Boom bonus meter, where collecting Cash on Reels unlocks the Hold & Spin feature with one, two, or all three characters, each bringing unique bonus enhancements. Alongside row-unlocking mechanics, the feature is powered by four dynamic upgrades: Multiplying boosts reel prizes, Instant Win transfers values directly to the meter, Extra Cash adds more prize opportunities, and K.G. Bird™ re-spins reset the counter to extend gameplay.

Prediction market wagers on the 2026 FIFA World Cup cross $2B across leading platforms

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Combined trading volume on Polymarket and Kalshi for the 2026 FIFA World Cup has crossed $2 billion as the tournament’s group stage gets underway, according to figures from both platforms and tracking data published by DeFi Rate.

The milestone was reached on the tournament’s opening day, June 11th, when Mexico hosted South Africa in Mexico City. Polymarket’s standalone World Cup champion market alone has accumulated just over $2 billion in cumulative volume since the contract launched in July 2025, with more than $66 million changing hands in the 24 hours surrounding the tournament opener and pooled liquidity across the event standing at $352.7 million, according to Polymarket data.

Kalshi, the CFTC-regulated event contract exchange that primarily serves the US market, has recorded over $130 million in volume on its Men’s World Cup winner market alone as of June 11th, according to a Kalshi company publication, ranking it as the platform’s third-largest live offering, behind only its 2028 Democratic presidential nominee market ($125 million) and the 2026 NBA Finals ($290 million).

At the time of writing, Spain leads on implied championship probability across both platforms at approximately 17 percent, with France at 16 percent, Portugal at 11.3 percent, and England at 10.9 percent. Argentina, the defending champion, is priced at 8.8 percent and Brazil at 8.3 percent.

On Polymarket, the France winner market has attracted $40.9 million in individual contract volume and Spain $33.6 million, the two highest single-nation figures on that platform. Kalshi traders also project Spain as the most likely finalist, with France, England, Brazil, and Portugal identified as the other serious contenders to reach the final, according to the Kalshi roundup published on June 11.

The US, as tournament co-host, has generated $50.9 million in trading volume on Polymarket despite carrying only around a 3 percent implied championship probability, a disparity that reflects the volume of retail-driven participation rather than informed price discovery. That figure contrasts with the market’s treatment of the host nation as more of a novelty contract than a serious championship contender.

2026 FIFA World Cup

DeFi Rate, which tracks prediction market volume across platforms, projects Kalshi will generate up to $1.47 billion in total World Cup volume across all contract types by the end of the tournament, with a high-case scenario of $1.93 billion if US domestic interest in the event spikes. Of Kalshi’s base-case projection, approximately $1.19 billion – roughly 80 percent – is expected to come from individual match-outcome contracts, which historically accumulate nearly 90 percent of their volume on match day itself. The Kalshi winner market alone is modeled at $253 million by tournament close, which would surpass the platform’s March Madness champion contract ($169 million) as the largest single futures market it has run for a sporting event.

Across both platforms combined, DeFi Rate estimates Americans alone will trade more than $2.5 billion on World Cup prediction markets, a figure that excludes the volume Polymarket records from its approximately 180-country global user base. Robinhood’s affiliated Rothera exchange, which launched World Cup markets on June 5th, is adding further volume through a partnership that routes some of its contracts through Kalshi’s infrastructure.

The scale of prediction market activity sits alongside, rather than inside, the broader sportsbook wagering picture. H2 Gambling Capital projects total legal sportsbook handle on the 2026 World Cup at approximately $60 billion, up 71 percent from the $35 billion recorded during Qatar 2022, a figure that excludes prediction market volume entirely. The 48-team format, producing 104 matches against Qatar’s 64, provides a structurally larger wagering surface across the six-week schedule running to July 19th.

The regulatory environment surrounding the prediction market category remains unsettled as the tournament begins. The CFTC proposed new rules last week that would restrict certain contract categories, accepting public comments for 45 days. Massachusetts has issued a ban on Kalshi’s sports contracts, Nevada initiated enforcement action that prompted Polymarket to exit the state, and Arizona has filed criminal charges against Kalshi, according to KuCoin reporting.

Kalshi, as a CFTC-designated contract market, frames its World Cup contracts as regulated financial event instruments rather than gambling products and argues they are legal in all 50 US states under federal oversight — a position that the ongoing state-level enforcement actions continue to contest.

Combined monthly trading volume on Kalshi and Polymarket across all categories reached $24 billion in April 2026, more than four times the figure recorded eight months earlier, according to Pew Research Center data cited by ESPN, with sports contracts accounting for 80 percent of Kalshi’s total volume since July 2024.

Light & Wonder says five-year overhaul has made company “leaner, stronger”

Light & Wonder chairman Jamie Odell said the company has become “leaner, stronger, more focused” after a five-year transformation that reshaped its governance, balance sheet, portfolio and listing structure, according to his address at the company’s first annual meeting as a sole ASX-listed company.

SG appoints former Aristocrat execs to board after investor changes
Jamie Odell

Odell said the period since he and Toni Korsanos joined the board as chair and vice chair had been one of “profound and deliberate transformation,” beginning with a change of control from a private equity-led stockholder structure to a 100 percent free float. The company also moved to a majority non-executive board and added seven new board members.

“Five years ago, this was a different company,” Odell said. “Today, Light & Wonder is leaner, stronger, more focused and better positioned than at any point in its history.”

The chairman said the group restructured its operations by consolidating five separate companies into one organization focused on gaming, operating across three reportable business segments. As part of that strategy, Light & Wonder exited its former lotteries and sports betting businesses, sharpening its focus on technology and content as its core growth drivers.

The company also reduced leverage, which Odell said had previously peaked at 10.5 times, and set a net debt leverage ratio target range of 2.5 times to 3.5 times. He said the company has recently stayed below 3.5 times.

Light & Wonder has also maintained a share buyback program, returning approximately $1.9 billion to stockholders between the launch of the program in March 2022 and March 31st, 2026. The company repurchased about 25 percent of its total outstanding shares prior to the start of the program.

Odell said Light & Wonder also strengthened its portfolio through the acquisition of iGaming studios, the remaining minority interest in SciPlay, and Grover. He said these businesses were cash flow generative, accretive to earnings per share, and improved the quality and resilience of the group’s cash flows.

The chairman also defended the company’s move to a sole primary ASX listing after exiting its dual Nasdaq/ASX structure. Light & Wonder launched its secondary ASX listing in May 2023, with the ASX later accounting for about 37 percent of total equity trading.

“The Board concluded that the ASX — with its deep investor base, strong understanding of the global gaming sector, and highly liquid market — was the right long-term home for Light & Wonder,” Odell said.

Light & Wonder remains incorporated in Nevada, with its common stock trading on the ASX as CHESS Depositary Interests, each representing beneficial ownership of one share of common stock.

Looking ahead, Odell said the company entered 2026 as a structurally simpler, strategically focused and financially stronger business. Subject to external uncertainties, including geopolitical developments and potential regulatory changes, Light & Wonder is forecasting mid-to-high single-digit consolidated AEBITDA growth for 2026.

The company also remains committed to its long-term targets, including consolidated AEBITDA of $2 billion in 2028 and adjusted earnings per share of more than $10.55.

Zitro introduces its FANTASY cabinet to the Colombian market

Following the success across multiple markets, Zitro has announced the arrival of its FANTASY cabinet in Colombia, featuring ‘Lion Falls’, with the first installation now live at Casino San Remo, operated by Sociedad Promotora Turística de Medellín.

FANTASY’s debut in Colombia marks another significant step in Zitro’s expansion strategy throughout Latin America. The country represents a key market where Zitro has built a strong presence over the years, and this launch reinforces its commitment to delivering innovative, high-performing products to both operators and players in the region.

ZITRO’s FANTASY cabinet debuts in Spain at Casino Barcelona
Lion Falls by Zitro

Ivan Gomez, Sales Manager at Zitro Colombia, shared: “FANTASY has established itself as one of Zitro’s most advanced cabinets thanks to its spectacular graphics and immersive multimedia features. The offering is complemented by ‘Lion Falls’, an exclusive title that has consistently performed and earned excellent feedback from both players and operators.”

“Adding FANTASY to our gaming floor reflects our commitment to delivering the best entertainment experiences to our players. Early results have been positive, and partnering with an industry leader like Zitro gives us confidence that it will be another success with our customers,” said Nilson Bustamante, Manager at Sociedad Promotora Turística de Medellín.

“FANTASY’s first installation in Colombia represents another important milestone for Zitro in the region,” added Alejandra Burato, Regional Director for Latin America at Zitro. “We are delighted to launch our cabinet in another country and are confident it will resonate strongly with Colombian players. We thank Sociedad Promotora Turística de Medellín for their trust and support, and we look forward to expanding FANTASY’s presence across Colombia in the months ahead.”

Brightstar Lottery: Renato Ascoli to step down as Global Lottery CEO

Brightstar Lottery has announced a senior leadership transition, with Global Lottery CEO Renato Ascoli stepping down on June 30, 2026, after a distinguished 20-year career, and Marco Tasso being promoted to Executive Vice President and Chief Operating Officer, Global Lottery, effective July 1, 2026.

Marco Tasso, Brightstar Lottery
Marco Tasso

The company stated that the changes are part of Brightstar’s evolution into a standalone, pure-play lottery business and are aimed at optimizing operations for future growth. 

Mr. Tasso, currently COO, International and Italy Operations, brings more than 20 years of experience across the company’s B2C and B2B businesses and deep end-to-end knowledge of the lottery ecosystem. In his role, Tasso will have responsibility for all of Brightstar’s global lottery operations, including technology, product development, marketing, sales and product management, supply chain, customer support and field services. He will report directly to Brightstar CEO, Vince Sadusky.

“Renato has made a tremendous impact on our company and the lottery industry,” said Marco Sala, Executive Chair of the Board, Brightstar. “His broad experience across lottery product development, technology and commercial strategy helped us to continuously deliver innovative solutions and services to our lottery customers. I want to thank and congratulate him for his many career accomplishments.”

“As Renato prepares to step down, I want to thank him for his many years of service and steadfast commitment to our business and people,” added Vince Sadusky, CEO of Brightstar. “Having Marco as a part of our senior leadership team supports the company’s vision and strategic goals. As we strengthen our focus on growth, transformation and operational execution, Marco’s insights and experience will help shape the lottery operating organization and optimize it to deliver results.”

Marco Tasso is a seasoned professional with more than two decades of experience in senior leadership roles across lottery management, global supply chains, strategy, product development, retail execution and consulting in both Europe and the United States. He has held various senior leadership roles at Brightstar and its predecessor company, IGT, including his current position of COO, International and Italy Operations; SVP of Global Supply Chain and Services; and SVP of Global Lottery Marketing.

Marco also previously served as CEO of Northstar Lottery Group, where he managed the first-ever private lottery management contract for the Illinois Lottery, and he later oversaw similar private manager agreements in Indiana and New Jersey. Before that, Marco held leadership positions at Lottomatica, where he managed different business units, including instant lotteries, lotto, and commercial services.

Earlier in his career, Marco consulted in roles at Bain and Company and Ernst & Young Consultants, where he developed a specialization in strategic planning, production, and cost-saving initiatives. In this capacity, he worked with prestigious clients such as Telecom Italia, Fiat, and Bridgepoint Capital.

Prediction Markets for iGaming: SOFTSWISS announces live industry panel

SOFTSWISS will host a LinkedIn Live panel titled “Prediction Markets for iGaming: Risks and Opportunities” on 25 June at 14:00 CET, bringing together experts from Deloitte, NEXT.io, and SOFTSWISS to delve into one of the industry’s most talked-about emerging verticals.

Prediction Markets are attracting growing attention across the iGaming industry, with global trading volume exceeding 55 million euro in 2025. At the same time, operators face important questions around product positioning, risk management, liquidity models, and regulatory compliance.

The webinar will cover several key topics:

  • New Vertical vs Engagement Tool – should operators treat Prediction Markets as a standalone product or a sportsbook add-on?
  • P2P vs Fixed Odds – which pricing model works better for operators and players?
  • Operator Risk vs Market Opportunity – what regulatory and operational risks are at stake, and how can they be managed?
  • EU vs US Model Clash – which regulatory and commercial approach will shape the global Prediction Markets landscape, and what can operators learn from each market?

Live On LinkedIn: 25 June 2026

The session, Prediction Markets for iGaming: Risks and Opportunities, will be held on LinkedIn Live on 25 June at 14:00 CET. The panel is open to all iGaming professionals with free registration.

Prediction Markets for iGaming: SOFTSWISS announces live industry panel

Alexander Kamenetskyi, Head of Operations at SOFTSWISS Sportsbook, shared: “Many operators are still trying to understand where the real opportunities in Prediction Markets lie and what risks come with them. Through this discussion, we want to help businesses cut through the hype and focus on the practical realities. The panel will provide a clearer view of what launching Prediction Markets actually involves and how this model can fit operators’ business goals.” 

Industry professionals can submit their most critical Prediction Markets inquiries, which the panel will address during the live discussion.

Ahead of the webinar, anyone interested in the topic can also explore SOFTSWISS’ latest report, ‘Prediction Markets: From Trading to Betting.’ It examines key prediction market platforms and regulatory developments across major jurisdictions, providing practical guidance on launching this category as an iGaming product.

Yggdrasil releases Giga Zombies GigaBlox: a must-play slot

The Horror Blockbuster of the Summer is here. The renowned game supplier, Yggdrasil, celebrated for its striking visuals and innovative mechanics, has launched Giga Zombies GigaBlox™ globally, a thrilling video slot designed for fans of horror movies and players looking to escape from the ordinary. 

Set in a lost ancient temple swallowed by the jungle, the game follows a beautiful red-haired treasure hunter battling relentless zombie hordes in a post-apocalyptic world. The Progress Bar serves as her lifeline, the Wilds become her weapons, and the Gigablox™ symbols represent the rare moments to stand against the overwhelming armies of undead. 
 
The game features a dynamic 6×5 reel setup with pay-anywhere wins, delivering an engaging experience for players who enjoy modern, feature-rich slots. A variety of mechanics combine to create high-impact gameplay, including a Progress Bar, Avalanche wins, GigaBlox™ symbols, Wild Rain, Free Spins with multipliers of up to x50, and Rescue Features that can transform dead spins into winning opportunities. 
 
The star of the game is the GigaBloxTM Game Engagement Mechanic. A massive super-sized symbols crashing onto the reels that can appear in 2×2, 3×3 or 4×4 sizes. Upon participating in a win, the Gigablox™ symbol splits into 1×1 Symbols of the same kind, creating additional opportunities for consecutive wins.​ 
 
Designed for players who enjoy pop-culture-inspired themes and scaled gameplay, Giga Zombies GigaBlox™ delivers high volatility alongside a maximum win potential of up to 6,260x stake. 
 
The game carries Yggdrasil’s distinctive visual signature, combining cinematic effects with high-contrast artwork to immerse players in a rich post-apocalyptic universe. The result is a premium video slot experience that appeals to players seeking modern gameplay, compelling features, and atmospheric storytelling. 
 
Marcin Tomala, Senior Game Designer at Yggdrasil, said: “We had a lot of fun brainstorming this game’s vision. The main inspiration behind Giga Zombies was to combine the excitement of classic adventure movies with the action and chaos of a zombie shooter. We wanted players to feel like they’re joining a treasure hunt deep in an ancient Aztec world, blasting through hordes of undead on the way to hidden riches. The game’s higher volatility really supports that fantasy too—every spin feels like taking another risk in search of a big reward, and I’m excited to see how players react to that experience.”