Oddin.gg secures 1st place at the Deloitte Technology Fast 50 2024 Awards

Europe

AGBrief Editorial

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November 20, 2024

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Oddin.gg secures 1st place at the Deloitte Technology Fast 50 2024 Awards

Oddin.gg has been named the fastest-growing company in Central Europe, securing 1st place in the main category at the Deloitte Technology Fast 50 Central Europe 2024 Awards. This esteemed accolade recognizes the CEE region’s top technology companies based on percentage revenue growth from 2020 to 2023.

Founded in Prague in 2018, Oddin.gg has quickly established itself as the global leader in end-to-end esports betting solutions. The company attributes its success to a strategic focus on a rapidly growing industry, precise timing, and the seamless integration of human expertise with advanced technology.

Early on, Oddin.gg identified the immense growth potential of esports and recognized that traditional sports betting models were inadequate for this fast-moving market. By developing bespoke solutions designed to process large volumes of data and process it at unparalleled speeds, the company has effectively redefined the standard sports betting experience for esports.

In addition to mastering the top innovative technologies, Oddin.gg has also attracted various great talents. The company has assembled a robust team of now over 100 traders, many of whom are former professional esports players, a Risk Management team known for tackling complex, investigative challenges, and developers, as well as other specialists located across the globe. A shared passion for esports unites these experts, driving innovation and excellence.

Since its inception, Oddin.gg has operated with a global perspective. Its Prague headquarters serves as the foundation of its operations, while its Lima office enables the company to manage workflows across all time zones and attract top talent from around the world.

Oddin.gg secures 1st place at Deloitte Technology Fast 50 2024 (2)

Oddin.gg continues to invest heavily in artificial intelligence, including generative AI and large language models (LLMs), to further refine its algorithms and infrastructure for the evolving esports betting vertical.

Vlastimil Venclik, CEO, Oddin.gg — Vlastimil Venclik, CEO of Oddin.gg

Commenting on the win, CEO and Co-Founder Vlastimil Venclík shared: “We are honored by this recognition from Deloitte. This award reflects our team’s dedication, innovative approach, and the trust our investors and partners have placed in us. Our technology, infrastructure, and the expertise of our global team enable us to provide an unparalleled esports betting experience to esports fans globally. For us, it’s about delivering speed, accuracy, and reliability to operators while ensuring seamless engagement for bettors.”

Oddin.gg’s business growth is rooted in its ability to meet the demands of a new generation of bettors who value speed, variety, and creativity. The company continues to set the standard for innovation in esports betting.

Reflecting on the company’s journey, Venclík added: “Our path has been anything but easy—there were moments we almost didn’t make it. However, we’ve learned to stay resilient and focused on our vision. Esports is emerging as the next major entertainment vertical, and we’re thrilled to contribute to its growth by providing sustainable revenue opportunities for operators and fresh experiences for bettors.”

Oddin.gg secures 1st place at Deloitte Technology Fast 50 2024 — _{Marek Suchar, Managing Director at Oddin.gg receiving the award at the Deloitte Technology Fast 50 Central Europe 2024 Awards}

This Deloitte Technology Fast 50 Central Europe 2024 award marks a milestone in Oddin.gg’s journey to becoming a prominent voice in the CEE startup, technology, and IT community.

Zoe Bird, Head of Masters at Yggdrasil, said: “SpinOn, the latest studio to join our YGG Masters initiative, has really impressed us with their content so far and The Handsome Bandit is no exception. Offering a theme centered around the Wild West, an interesting bonus round, and dynamic gameplay this is a great addition to our growing portfolio of third-party content.”

The Marketing Team at SpinOn said: We’re really excited about The Handsome Bandit—it’s a game designed for players who crave the thrill of high-volatility slots and love engaging bonus features with big payout potential. With its immersive, story-driven Wild West experience, we’re thrilled to bring The Handsome Bandit to Yggdrasil’s operator network and look forward to seeing players dive into the adventure.”

Sou highlighted the PJ’s enhanced response capabilities in recent years, particularly in handling major crimes. He noted that several high-profile cases, including incidents of murder and robbery, had been resolved within hours, while serious crimes and cross-border drug trafficking remain at low levels.

criminalization, illicit money exchange, Macau

The PJ also noted that crimes affecting public welfare and those linked to the gaming industry have decreased compared to 2019, with organized illegal gambling syndicates largely eradicated, contributing to better public security in Macau.

According to official statistical data, 683 cases linked to the gaming sector were investigated in the first half of 2024, representing a 61.8 percent increase compared to the same period in 2023. However, the number of cases remains nearly 30 percent lower than figures from the first half of 2019, before the pandemic.

The recent crackdown is part of broader efforts under the new Law on Illegal Gambling Activities, which took effect on October 29th. The legislation introduces stricter measures against unauthorized gambling operations, with a specific focus on illegal currency exchange for gambling purposes. Those found operating illegal money exchange schemes now face penalties of up to five years in prison.

Cape Verde considering alternatives to replace failed Macau Legend IR project

Nelson Moura

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November 20, 2024

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Cape Verde considering alternatives to replace failed Macau Legend IR project

The Cape Verde government announced that it will analyze alternatives to the tourism and gaming project by Macau Legend a day after it decided to terminate the land concession contracts granted to the operator, citing non-compliance by the investors.

‘The government will be looking into alternative solutions for the Gamboa and Santa Maria Islet Redevelopment Project’, reads a government statement cited by news agency Lusa.

The clarification comes following a request for clarification from the African Party for the Independence of Cape Verde (PAICV), the country’s main opposition party.

In the same note, the government stated that it acted ‘in good faith’ by sending ‘several letters to MLD, giving it numerous opportunities to resume the works, which have been halted for about three years, to negotiate the sale of shares or the transfer of its contractual position to a potential interested party’.

The outcome was ‘the resolution of the establishment conventions and the contracts derived from them, with the reversal of the assets,’ published on Monday in the country’s Official Bulletin.

‘To date, an eight-story building,’ which remains empty, ‘and a bridge connecting to Santa Maria Islet’ have indeed been completed, in an area of the Praia waterfront that has remained closed off.

The Cape Verde government has terminated its contracts with Macau Legend Development (MLD) due to repeated violations of obligations related to a €250 million ($264.7 million) tourism and gaming investment in Praia.

Despite providing MLD with opportunities to resume construction or negotiate alternatives, the company failed to act. The Cape Verde Council of Ministers’ decision cited various contractual violations and unauthorized transfers of ownership stakes.

Additionally, MLD’s legal issues, including court convictions against its shareholders, contributed to the government’s decision.

The project, initially announced in 2015, has not progressed since construction began in 2016, leading to significant local opposition, particularly from environmental groups. The government plans to reverse the assets involved in the project, which remains largely incomplete, with only minimal construction visible.

Marina Bay Sands targeting 40% EBITDA increase once IR2 expansion completed

Singapore

Kelsey Wilhelm

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November 20, 2024

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Marina Bay Sands targeting 40% EBITDA increase once IR2 expansion completed

Marina Bay Sands is aiming to create the ‘most valuable tourism development in the world’ with its IR2 (Integrated Resort 2) expansion, targeting a 40 percent increase in adjusted property EBITDA once the project is completed.

According to an investor presentation released on Tuesday, the group is hoping to push its pre-IR2 adjusted property EBITDA from $2.5 billion up to $2.5 billion after IR2 is operational.

This comes as the group focuses on Asia’s growing wealth and high-net-worth individuals, focusing on ‘high-value tourism’ to ‘drive growth in our revenues and cash flow in the future’.

The key features of the addition are the 570-suite ultra-luxury hotel (including 23 ‘signature multi-bay mansions’), 15,000-seat arena and 110,000 square feet of premium MICE facilities, as well as more premium gaming areas.

Marina Bay Sands Expansion-Arena-Interior-Rendering

While the group is contractually obligated to complete IR2 by July of 2029, MBS indicated that ‘the current estimate is that construction will be complete in June 2030 with an anticipated opening date in January 2031’.

It furthers that ‘any extension of the completion date beyond July 2029 is subject to the approval of the Singapore government’. It intends to seek this extension ‘following the commencement of construction and additional contracting and procurement work’.

Breaking down its capital expenditure expectations, for 2025 some $1.2 billion is expected – $1 billion for the land premium and $200 million for capex.

For 2026, only $350 million is envisaged, all going to capex. This expands to $400 million in 2027, rising to $1.15 billion in 2028.

Capex for IR2 is expected to peak in 2029 at $1.85 billion, falling to $550 million for 2030 and beyond.

In order to facilitate the expansion, MBS is reportedly seeking Singapore’s largest loan facility, at SG$12 billion ($9 billion).

By focusing on higher net worth individuals, MBS plans to further boost its gross gaming revenue share beyond the 54 percent it boasted in 3Q24, as well as its 69 percent share in mass GGR. As of 3Q24, MBS had 74 percent of EBITDA share in the duopoly.

This is boosted by Asia’s most-played table game: baccarat, which has seen a higher rolling hold percentage since the introduction of additional wager variants, such as Tiger Baccarat in 2018 and Dragon Tiger Baccarat in 2024.

Angel, smart table, RFID, AI, Angel Playing Cards

The group also aims to improve efficiency and the customer experience by rolling out the Angel Eye Complete Smart Tables across the property, with the ‘dual camera + AI solution’ rolled out across all rolling and premium mass tables mid-this year, with expectations ‘to have the full solution deployed across all tables by end of 2025’.

The game challenges players to deliver the perfect slap to their opponent using customizable features. Players specify their desired bet amount, choose their slap tools and characters, and aim to deliver a successful slap to win. With customizable options allowing players to select their preferred tools and characters, each round is a satisfying adventure.

Bonus rounds appear when players deliver a powerful hit that disorients the opponent or purchase a bonus round, adding an extra layer of excitement.

Features & Highlights

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Character Customisation

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Bonus Mode

Bonus rounds appear when players deliver a powerful hit that disorients the opponent or when they purchase a bonus round.

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The feature allows players to switch to the mode where the system places bets automatically.

Staying true to Galaxsys’ dedication to delivering unique and memorable games, Slap Shot is a standout addition to the studio’s growing portfolio.

Good morning. Netflix and chill may no longer be the case, as the group’s most recent Paul vs. Tyson fight has demonstrated. While sportsbooks undoubtedly benefited from the bout, new opportunities are being created beyond bookies, as syndication and advertising all have a future role to play. Meanwhile, in Macau, the outgoing Chief Executive says there are no plans to shrink the gaming industry, but rather to diminish its role in GDP as it boosts other industries. And in the regulatory world, the IFHA warns of the ongoing issues in eliminating illegal gambling.

What you need to know

Paul vs. Tyson bout exemplifies new potential for sportsbooks, syndicators and streaming services, as live sports betting booms.
Macau’s outgoing Chief Executive highlights the city’s strategy of expanding the economy, reducing gaming’s GDP share without industry suppression.
International Federation of Horseracing Authorities details the issues faced in tackling illegal gambling.

On the radar

Marina Bay Sands seeking Singap o re’s largest loan – $9 billion: Report.
BIT Mining reaches $10M settlement over bribery scheme for Japan casino.
PAGCOR rectifies misstatement on Bataan Freeport gaming regulation.
PH Senator calls for increased funding to help police in POGO crackdown.
SkyCity appoints a new Chief Legal, Governance and External Relations Officer.
Cape Verde gov’t: Macau Legend had “flagrant and repeated” contract breaches.

AGB Intelligence

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Jake Paul vs. Mike Tyson displays new avenues and revenue streams

The heavily publicized boxing bout between Youtuber Jake Paul and boxing legend Mike Tyson drew upwards of 60 million household views and encouraged heavy betting from multiple demographics. But on-demand platforms venturing into live sports could pave the way for more, and varied, income streams – benefiting sportsbooks, syndicators and even punters themselves, with tailored content hitting key audiences via platforms they already utilize heavily.

Corporate Spotlight

1xBet: Capitalize on Asian teams’ World Cup qualifier struggles

Profit from the challenges faced by top Asian teams in World Cup qualifiers

Asia is the most populated continent on the planet and Football is the No. 1 sport in most countries. The World Cup qualifying matches are traditionally watched by billions of fans in the region, but FIFA has decided to reward Asia with a significant representation at the tournament only now.

Altenar brings premium sportsbook solution to Asia

Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.

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ZITRO invites players to unlock hidden treasures in Lucky Vault.
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MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS

Patrick Dumont – President and COO of the parent company of Marina Bay Sands, Las Vegas Sands – announced in the group’s most recent financial results conference call that “this is going to be the most important gaming and hospitality building in the world. It’s going to be the best hotel in the world”.

The expansion includes approximately $4.7 billion for design and construction, $2 billion for land premiums, and $1.3 billion for pre-opening and finance costs.

Construction of the fourth tower is scheduled to commence in June 2025 and is expected to be completed by June 2030, with an estimated official opening in January 2031.

Campbell also previously served as General Counsel at AMP Limited, Director of Compliance and Head of Compliance Monitoring at the New Zealand Financial Markets Authority, Executive Counsel at the New Zealand Markets Disciplinary Tribunal, and Head of Market Supervision and General Counsel at NZX Limited.

Jason Walbridge, SkyCity CEO — Jason Walbridge, CEO, SkyCity Entertainment Group

Speaking of the appointment, SkyCity’s CEO, Jason Walbridge, noted “Elaine is a highly respected executive with a proven track record. I’m delighted she is joining the SkyCity team”.

In its recent earnings guidance, SkyCity’s CEO indicated that there are still ongoing regulatory matters to handle in Adelaide, Australia and that the group is working with a consultancy firm to deliver improvement programs in anti-money laundering and counter-terrorism financing (AML/CTF), as well as host responsibility.

In late October, the firm announced the resignation of the group’s General Counsel and Company Secretary, effective in January 2025. In the announcement, Walbridge highlighted Jo Wong’s pivotal role in navigating the company through regulatory and legal matters, including the Australian Transaction Reports and Analysis Center (AUSTRAC) civil penalty proceedings.

In May of this year, AUSTRAC ordered SkyCity to pay a civil penalty of AU$67 million ($44.6 million) pertaining to historical AML/CTF failings at its casino in Adelaide.

Then in September, SkyCity Casino Management Ltd, a subsidiary, was penalized NZ$4.16 million ($2.6 million) for breaches of AML/CTF obligations.

SkyCity Queenstown, New Zealand — _{SkyCity Queenstown, NZ}

SkyCity Adelaide — _{SkyCity Queenstown, NZ}

SkyCity operates casinos in Adelaide, Australia as well as in Auckland, Hamilton and Queenstown in New Zealand.

Table of Contents

Yggdrasil and YGG Masters partner SpinOn have unveiled The Handsome Bandit, a thrilling slot game featuring a bonus wheel that determines the number of free spins, adding an extra layer of excitement.

Table of Contents

Macau’s Judiciary Police (PJ) have arrested 38 individuals involved in illegal money exchange activities in less than three weeks following the recent criminalization of such operations.

The Cape Verde government announced that it will analyze alternatives to the tourism and gaming project by Macau Legend a day after it decided to terminate the land concession contracts granted to the operator, citing non-compliance by the investors.

Marina Bay Sands is aiming to create the ‘most valuable tourism development in the world’ with its IR2 (Integrated Resort 2) expansion, targeting a 40 percent increase in adjusted property EBITDA once the project is completed.

Table of Contents

Galaxsys, an innovative games studio known for its creativity and commitment to innovation, has just launched its latest turbo game, Slap Shot. This new release combines a simple yet exciting concept with engaging mechanics to offer a thrilling experience for players.

About Slap Shot

Features & Highlights

Character Customisation

Bonus Mode

Engaging Gameplay and Animations

Auto Bet

Table of Contents

What you need to know

On the radar

SPORTS BETTING

Corporate Spotlight

Industry Updates

Table of Contents

Marina Bay Sands is reportedly seeking Singapore’s largest loan, totaling some SG$12 billion ($9 billion) to help fund the expansion of its integrated resort in the city.

Table of Contents

SkyCity Entertainment Group has announced the appointment of Elaine Campbell to the newly created role of Chief Legal, Governance and External Relations Officer, effective from March 2025.

Table of Contents

Zitro’s latest slot, Lucky Vault, challenges players to discover the riches behind three colorful vaults, each offering additional prizes during both the Base and Free Games.

Table of Contents

ENQUIRIES & SUBSCRIPTIONS

CONTACTS