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Televisa’s Mexico Gambling and Soccer Assets to Form New Business

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Mexico’s largest media and entertainment conglomerate, Grupo Televisia, will move ahead with plans to split its core business to create specific entity focused on “gambling and soccer”.

The company received the approval of its shareholders on April 26 at an Extraordinary Meeting. As a result, Televisa’s lottery and soccer units into a new business which aims to be listed on the Mexican Stock Exchange (BMV).

As stands, dealmakers plan to publish Televisa’s “reorganisation process” in the first-half of 2023. According to the board the new business will “maintain the same shareholding structure as the current organisation.”

“Management believes that this plan will allow both the Company and the new entity to focus on their respective business models and growth opportunities, thus enhancing their ability to generate better access to capital, financing sources, and investors aligned with each business,” Televisa’s statement read.

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In 2022, Televisa reported group revenues of $4.1bn, of which a significant share of earnings were attributed to its “secondary business” of gambling.

A breakdown saw gambling units achieved a 40.2% increase in revenues, generating $407m compared to the $243m recorded in the previous year.

The decision to separate the businesses comes on the heels of Televisa’s successful merger with Univision in January 2022. The combination resulted in the creation of TelevisaUnivision, a leading global Hispanic media company with a specific focus on the markets of Mexico, the US, and Central America.

As part of the break-up Televisa’s new business will encompass gaming and lottery units alongside the soccer portfolio of the Estadio Azteca, publishing, magazine publications, and media rights distributions.

Televisa has clarified that “the spin-off remains subject to various conditions, including compliance with applicable legislation, as well as obtaining all necessary corporate and regulatory approvals.”

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The gambling segment, managed by Televisa, oversees PlayCity Casino with 18 establishments in Mexico, which includes 7000 gaming machines and an online offering. Furthermore, Televisa oversees the daily and weekly draws of the “Sorteos del Trébol” soccer lottery.

The soccer business includes the promotion of sports events and shows for the Club América team, and the management of Estadio Azteca, home to Club América, Cruz Azul, and the Mexican national soccer team matches, as well as international sports events and music concerts.

Mexican news sources were unsurprised by the announcement as Televisa had made significant $20m capital investments in properties and equipment to bolster its gambling portfolio.

A listing on the BMV exchange is necessary for the spin-off business to gain “better access to capital and financing sources, and attract investors with interests aligned with each business”.

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Compliance Updates

IGSA Welcomes Sharp Vision as Silver Member

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The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.

“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.

“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.

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BigCash Goes Global with Launch in Brazil

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BigCash, India’s leading online skill-based real money gaming company, has set its sights on global expansion and aims to offer an unparalleled gaming experience to users worldwide. The global skill-based gaming market is estimated to grow annually at a CAGR of 13.50% and will be valued at USD 106.78 billion, by 2032. Building on its success in India, BigCash is poised to introduce its entertaining games to global audiences, uniquely blending local flavors with its hallmark innovative gameplay.

BigCash started its journey in 2017 and has quickly become players’ preferred choice, by strategically focusing on launching new games and features regularly and due to its superfast and user-friendly interface. Being a multi-gaming app, it offers a wide range of games tailored for all age groups. With popular Indian card games, like poker, rummy, and call break with regional variations; casual games like ludo, ice blaster, fruit chop, along with fantasy cricket, the platform resonates deeply with the players of Bharat.

Continuing on the mission to take Indian technology global and to reach a wider global gaming audience, BigCash, after months of an in-depth market study, had set its views on expanding its global presence with in-house developed and tailored gaming technology and experience. BigCash presently operates in Brazil, besides India.

One of the key reasons behind BigCash’s entry into the Latin American market is the region’s immense potential for growth in the gaming sector. Brazil, in particular, has emerged as a hotspot for gaming companies due to its large population, favorable demographics, and a growing middle class with disposable income.

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BigCash’s global expansion plans include multiple launches in Latin America, Asia, and Africa over the next 12 months. BigCash plans to offer local and international flavors, customized specifically for each country, with a focus on Responsible Gaming and other trust measures, to ensure a deeper bonding with the players.

Ankur Singh, CEO of BigCash, said: “Going global has been part of our strategic planning always; with our launch in Brazil, we have just taken the first step. We are aspiring to be present in 8 countries in the next 12 months. The competitive landscape in Latin America’s gaming industry presents both opportunities and challenges. BigCash is a perfect fit for the Latin American gaming landscape due to our stronghold on tech, which allows product customizations, easy-to-play online games, a supersafe and fast experience; we are already gaining a lot of organic traction.”

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Michigan Lottery Transitions to 1-800-GAMBLER for Responsible Gaming Support

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The Michigan Lottery announced that it will transition to the National Problem Gambling Helpline, 1-800-GAMBLER for responsible gaming support. This aligns the agency with the Michigan Gaming Control Board and other online gaming platforms operating in Michigan in promoting 1-800-GAMBLER. The 1-800-GAMBLER helpline will replace the Michigan Problem Gambling Helpline currently in circulation (1-800-270-7117), although the previous number will remain in operation.

“The Lottery is committed to providing Michiganders with easy access to resources that support responsible gaming. By transitioning to 1-800-GAMBLER, we are able to ensure that Michigan residents can reach specially trained staff who can provide confidential professional support, local referrals, and resources to those who may have a gambling problem,” said Lottery Commissioner Suzanna Shkreli.

Operated by the National Council on Problem Gambling (NCPG), 1-800-GAMBLER is the world’s largest problem gambling helpline network by call volume, population served, and geographic area covered. The helpline connects people and families impacted by problem gambling with professional support, local referrals, and resources.

Calls made to 1-800-GAMBLER from Michigan will be routed to the Michigan Department of Health and Human Services. The helpline can also be reached by texting 800GAM or chatting online at 1800gamblerchat.org. Trained contact center staff are available 24/7, 365 days a year to provide support, guidance, and relevant information to anyone seeking help related to problem gambling. Additionally, players or their family members may connect to support resources such as live chat, text, and the helpline number by selecting the links in the footer of the Lottery’s website.

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The Michigan Lottery was the first lottery in the US to achieve the Internet Responsible Gambling Compliance Assessment Program certification through NCPG in October 2015. The NCPG evaluated the Lottery’s compliance with Internet Responsible Gaming (IRG) standards developed based on best practices from jurisdictions around the world. IRG standards are the highest standards for online responsible gaming in the nation.

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