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Novusbet and Xpress Tech, a comprehensive gaming aggregator, have achieved certification to operate in Peru. This milestone confirms that their Sportsbook, PAM (Player Account Management), and aggregation services fully comply with Peruvian regulations.

This compliance encompasses critical areas such as data security, fair gaming integrity, responsible gaming promotion, and secure financial transactions.

With this certification, Novusbet and Xpress Tech reaffirm their commitment to delivering high-quality solutions that meet the stringent standards of the Peruvian market and the global gaming industry.

Simone Suppa, (pictured above), CEO of Novusbet and Xpress Tech, stated: “We have been strategically focusing our efforts here for a long period of time, developing bespoke products and forming local partnerships to deliver a premium experience that truly resonates with players. This certification is a crucial step towards solidifying our position as market leaders in the region.”

Certification and Market Experience

With these certifications, both companies are prepared to offer their full range of products and services in Peru. The Sportsbook platform provides a seamless betting experience with a variety of sports and events.

The PAM system ensures efficient management of player accounts, enhancing the user experience. Xpress Tech’s aggregation services integrate multiple game content providers, offering a diverse portfolio of games.

Novusbet and Xpress Tech are not new to success in the Peruvian market. This market features unique betting behaviors, such as a higher rate of red cards and tackles compared to European leagues.

This uniqueness presents great opportunities for both companies’ personalized betting products and services, where they have already seen success.

Novusbet has already worked with TeApuesto, a small Peruvian betting company, into a thriving business. By implementing Novus Core software, Novusbet provided TeApuesto with complete menu and content management capabilities, allowing them to control their online presence.

Utilizing Novusbet’s odds boost and special markets features, TeApuesto saw significant growth and engagement. With more than 600 stores in Peru, the platform has experienced constant growth in profits.

In Austria, the authorities are winning the war against illegal land-based gambling, according to the Austrian Finance Ministry and its financial police. Data from the first half of the year indicates a marked improvement compared to previous years.

During the first six months of 2024, Austria’s financial police imposed fines totalling €962,000 for illegal gambling activities. This represents a significant decrease from the €2.75 million in fines issued during the same period in 2023. According to the financial police, this decline in penalties reflects the ongoing reduction in illegal gambling operations across the country.

The number of illegal gambling machines confiscated also saw a sharp decline. In 2024, authorities seized 51 machines from 70 establishments, a consequent drop from the 274 machines confiscated from similar operations in 2023.

However, “the hotspots of illegal gambling remain Upper Austria, Salzburg and Vienna,” explained the ministry.
Despite the overall improvement, certain regions in Austria continue to struggle with illegal gambling. These areas have remained stubbornly resistant to the complete eradication of unlawful activities, requiring ongoing vigilance from authorities.

Last March, law enforcement agencies carried out “Operation IKARUS” which involved 19 house searches in Austria and Greece, targeting an organised crime group engaged in illegal gambling, tax fraud, and other criminal activities.

165 emergency personnel from various Austrian law enforcement agencies were deployed in the operation, which also included international cooperation with the Greek financial police. The raids resulted in the confiscation of several hundred gambling machines, computers, documents, and large sums of cash. Accounts linked to the illegal activities were frozen, and numerous suspects were interrogated.

The operation was a major blow to the criminal network, operating through a complex system of front companies and fake residences. These entities managed numerous illegal gambling establishments in Upper Austria, with operations being monitored and controlled from Greece.

Finance Minister Magnus Brunner explained that the cooperation between various authorities has been instrumental in achieving?the overall decrease in illegal gambling activity.

“The close networking and good cooperation between the different authorities is a guarantee for the successful fight against illegal gambling. This success shows that the persistence of the investigators is bearing fruit. Illegal gambling knows no player protection and can destroy livelihoods. Every illegal machine that is taken out of circulation is an important building block in the fight against illegal gambling, which we will continue unabated. I would like to thank all the emergency services involved. Because no matter what uniform they wear, their common goal is the security of Austria,” Brunner declared.

BetGames, a leading provider of content that seamlessly integrates sports betting and casino gaming, has renewed its exclusive partnership with the STS Group, a top-tier operator in Poland. This successful collaboration, which has been extended until 2026, underscores STS’ exclusive rights to offer BetGames’ wide choice of games in its domestic market. This includes the unique STS Polish Poker product, tailor-made exclusively for STS.

BetGames’ offerings constitute a substantial part of STS player engagement, with a portfolio that features high-performing card games like War of Bets, Bet on Baccarat, Bet on Poker, and 6+ Poker, all available to Polish players.

Dr Andreas Koeberl, (pictured above), BetGames’ CEO, expressed his delight at the continuation of this fruitful partnership with STS. Reflecting on the past five years of exclusive collaboration, he expressed optimism about elevating the partnership to new heights in the coming years, attributing their success to STS’ commitment to excellence and quality. “We are delighted to continue the brilliant partnership with STS. As we look back to already 5 successful years as exclusive partners, we are more than happy to boost it to the next level in the coming years. STS’ approach to excellence and quality is a success warranty!” he said.

?ukasz ?wierk, COO at STS, praised BetGames’ products for their consistent performance since their launch. He attributed the players’ loyalty to the innovative and intuitive play styles offered by these games. He expressed his excitement about continuing to provide their players with beloved games, including the unique Polish Poker. Swierk added “BetGames products have been proving themselves ever since we launched them. Players continue to return to them thanks to the innovation and intuitive play styles they offer. We’re thrilled that we can continue to bring our players the games like the absolutely unique Polish Poker that they love.”

Last year in its strategic expansion into Eastern Europe, London-listed Entain acquired STS Holdings. The deal, offered a 35 percent premium on STS’s six-month average share price and included ￡450 million in cash plus a 10 percent stake in the Entain CEE subsidiary.

Forbes has cast a spotlight on the gambling industry, specifically in a report focusing on four major gambling stocks that have hit new lows. This development is more than just a fluctuation in the market; but it is a clear negative indicator for the economy as a whole. The rationale behind this assertion lies in the nature of the gambling industry itself. The report explains that because the gambling industry is so heavily dependent on discretionary spending, it raises red flags about the overall health of the economy when it faces challenges.

Gambling, by its very nature, is the epitome of consumer discretionary spending. A thriving casino and resort industry is often a barometer of a robust economy. It signifies that consumers have the financial flexibility to engage in activities that are not essential but enhance their lifestyle. Casinos and gambling indicate that consumers have disposable income.

Therefore, the current state of these four gambling stocks should not be viewed in isolation. Instead, it is more of a warning sign, a prompt to pay closer attention to the global economy’s trajectory. The health of the gambling industry and these stocks, in particular, could provide valuable insights into future economic trends, according to Forbes.

The report takes a closer look at these four gambling stocks that have hit new lows.

Las Vegas Sands (NYSE: LVS)

Las Vegas Sands, a company where more than half of the ownership lies with Miriam Adelson and her family, has seen its stock price fall from $55 in February to $37 in August. Although the stock is currently rebounding from its lows, the fact that the 50-day moving average crossed below the 200-day moving average in early May is not a positive sign. The company’s market capitalization stands at $28.35 billion.

Melco Resorts and Entertainment (NASDAQ: MLCO)

Melco, a Hong Kong-based company, is one of the smaller publicly traded gambling companies with a market cap of $2.63 billion. The stock, which traded as high as $9.50 at the beginning of the year, is now valued at $5.51, representing a 42 percent decline. It’s worth noting that the stock has only briefly traded above a steadily declining 200-day moving average, and the 50-day moving average is also trending downward.

MGM Resorts International (NYSE: MGM)

MGM Resorts International’s stock had been trading along the path of the 200-day moving average for several months. However, it lost this support over the last five sessions, hitting a new low of just under $34 before bouncing back. The company, which has a market capitalization of $11.29 billion, reported second-quarter earnings in late July that exceeded analysts’ expectations.

WYNN Resorts (NYSE: WYNN)

WYNN Resorts, with a market cap of $8.55 billion, saw its stock price drop from $110 in early April to as low as $73 this week, a 33 percent decline. The 50-day moving average crossed below the 200-day moving average in late June, signalling potential selling pressure. The stock is currently emerging from the relative strength indicator’s “oversold” zone.

It is not all doom and gloom however, as a number of casino and resort stocks are currently rebounding from new lows. For instance, Bally’s (NYSE: BALY) traded as low as $10 in March and is now priced at $16.97. Similarly, Caesars Entertainment (NYSE: CZR) hit a new low of just below $32 in late May but has managed to stay above that level during this week’s sell-off.

The developments in the gambling industry warrant further analysis and commentary, particularly given their potential implications for the broader economy.