India clamps down on influencer marketing in iGaming
As India also calls for increased responsibility from social media influencers promoting online betting, one might wonder about the future of this sector. With regulatory reforms being implemented, there’s a possibility that opportunities in this area could diminish. However, it’s also possible that these changes could lead to a more responsible and sustainable industry. The impact of these reforms remains to be seen, leaving us to speculate on the future of influencer marketing in online betting.
Influencer marketing in the iGaming industry is evolving towards a more comprehensive approach where content creators are deeply involved in promoting products. This shift goes beyond traditional CPA deals, where influencers are paid based on the results they deliver. Today, we see creators who use iGaming products they promote regularly and express genuine excitement towards them becoming brand ambassadors.
The iGaming industry, which includes online gambling, sports betting, and casino games, has experienced rapid expansion in recent years. In 2021, the industry was estimated to be worth $61 billion annually, with projections of an 86% growth rate by 2028. As the industry evolves, brands are building their communication and expanding their audience with content creators.
Influencer marketing is a powerful way to connect and engage with target audiences, providing a level of authenticity and trust that is difficult to achieve via traditional advertising channels. However, as the case of Astrid Wett and Festival Free Bets illustrates, it is crucial for both influencers and iGaming companies to navigate the regulatory landscape carefully to ensure responsible and compliant promotional activities. The future of influencer marketing in the iGaming sector will undoubtedly continue to evolve, shaped by regulatory developments, market trends, and the innovative strategies of influencers and companies alike.
Legal actions: Workers detained upon arrival in China
Upon reaching China, the deported individuals will undergo a 45-day detention period while charges are prepared. Additionally, they will be blacklisted by the Philippines’ immigration bureau.
Assets frozen, compound raided
Following a directive from Malacañang Palace, the Anti-Money Laundering Council froze Zun Yuan’s assets, including its compound. The raid on March 14 uncovered 408 workers from various nationalities involved in the POGO operation.
Uncovering exploitation
Authorities revealed that the deported Chinese nationals engaged in scamming activities and lacked proper travel documents, categorizing them as “undesirable aliens”. Many were reportedly coerced into the operation, with their passports confiscated to prevent their departure.
The Chinese Embassy acknowledged the deportation, emphasizing joint efforts to combat fraud, kidnapping, and other crimes related to offshore gambling. This collaboration underscores both countries’ commitment to curbing illegal activities in the region.
The Chinese government had been vocal in its commitment to maintaining pressure on illegal activities and protecting the public from the dangers of cross-border gambling and telecom fraud.
Syndicates exploit vulnerable workers
The crackdown reflects broader challenges across Southeast Asia, where crime syndicates exploit workers, often under false pretences, to engage in fraudulent online activities. The UN Office on Drugs and Crime highlights the scale of this issue, with victims coerced into participating in elaborate scams, exacerbating financial losses regionally.
This comprehensive action not only addresses immediate concerns but also signals a concerted effort to combat transnational crime and protect vulnerable individuals from exploitation in the region’s burgeoning online gaming industry.
In the wake of the Covid-19 pandemic, Buzz Bingo reported a remarkable revenue growth of 47 percent in its first full trading period, with a gross profit of £137 million ($167 million) and revenue of £195 million. The year 2023 saw the brand increase its retail revenue by 5 percent and online revenue by 31 percent, with EBITDA up 14 percent.
Buzz Bingo’s success isn’t confined to the UK. The brand recently relocated its digital business to Gibraltar, indicating a global vision for its operations.
Key Points
Buzz Bingo
✅ Acquisition
Two major Merkur bingo halls in Cricklewood and Northampton.
✅ Financial recovery
47% revenue growth post-Covid, gross profit of £137 million
✅ Global strategy
Digital business expansion to Gibraltar, indicating global ambition
✅ Cricklewood Club
Hosts 410,000 players annually, holds a Guinness World Record.
✅ Bingo’s popularity
Surge among younger demographic in the UK
✅ New products
Despite ad breach, bounced back with Future Anthem partnership
Source: SiGMA
The two clubs in question have been operational for over 25 years, with the Cricklewood club hosting 410,000 players annually and boasting 3,500 winners monthly. It also holds a Guinness World Record for the highest single bingo house prize. This acquisition will make the Cricklewood club the largest in Buzz Bingo’s portfolio.
Bingo’s popularity has surged among the younger demographic in the UK, as evidenced by several initiatives by Mecca Bingo, including free line-dancing sessions and Loose Women-themed scratchcards, made in partnership with ITV. Buzz Bingo’s October report further substantiated this trend, revealing that half of its new retail customers were aged 35 and under.
“Bingo in the UK is having a renaissance,” said Dominic Mansour, Chief Executive of Buzz Bingo. He expressed his delight at the prospect of acquiring the two leading bingo clubs, attributing the decision to the business’s thriving state and the growing demand for Bingo. “Buzz Bingo is positioning the business for accelerated growth, which is the key rationale behind our decision to move our Digital business to Gibraltar,” Mansour added.
Despite the year’s successes, Buzz Bingo faced a few hiccups, notably when its Halloween ad was ruled as breaching the advertising code by the Advertising Standards Authority (ASA) in January. However, the company quickly bounced back, partnering with Future Anthem later that month to introduce new personalisation features to its products. This resilience underscores Buzz Bingo’s commitment to innovation and customer satisfaction, promising an exciting future for the brand and its patrons.
UK Bingo market
The UK bingo market has been undergoing a transformation in recent years, with a noticeable shift from traditional, land-based bingo halls to online platforms. This transition has been expedited by the COVID-19 pandemic and mirrors wider trends in the industry, such as the surge in online gaming and the allure of its convenience.
Despite the growth of online bingo, there was a significant decrease in revenue from bingo in Great Britain, from over 800 million British pounds to approximately 130 million British pounds between April 2020 and September 2020. This decline is likely a consequence of the COVID-19 pandemic and indicates a fiercely competitive market where constant innovation and adaptability are crucial for maintaining market share.
Moreover, the number of bingo establishments in Great Britain also experienced a decline in 2020, suggesting a market consolidation and potentially intensifying competition among the remaining players.
In this competitive environment, companies like Buzz Bingo are strategically expanding through acquisitions and digital growth to fortify their position and tap into the escalating demand for bingo, both online and offline.
However, it’s important to bear in mind that the reliability of available data can fluctuate due to factors such as scheduled maintenance or unforeseen technical issues on individual bingo sites. Therefore, for the most precise and current information, it’s advisable to consult dedicated market research reports or official statistics.