Published 01.10.2021 Author: Jake Category: News
The association argued that licensed gaming operators play an important role in making themselves known, in order to encourage players who already want to gamble, to choose a regulated operator. They insinuated that if licensed operators cannot advertise their products, players will end up going to offshore casinos.
Gustaf Hoffstedt, the secretary general at BOS said: “The reason why it is important that gambling takes place on
“BOS cannot come to any other conclusion than that the government’s both formal and public opinion outcomes against this form of gambling since the Swedish re-regulation in 2019 is reflected in the catastrophically low channelling of online casinos today.”
He additionally warned that both sport and journalism could suffer as a result, due to the amount of funding that gambling generates in sponsorships. “The same applies to the sports movement, which, thanks to sponsorship agreements, receives multi-million sums from gaming companies, in some cases multi-billion sums.”
Published 01.10.2021 Author: Stephen Category: News
In addition to this, they seek to improve assessments of creditworthiness, while EU member states will also be required to promote financial education and to ensure debt advice is readily available.
Camilla Rosenberg,
Published 30.09.2021 Author: Jake Category: News
Since the license application period opened in April of this year, the KSA reported that they had received 28 applications, meaning only a third have been approved ahead of the market’s launch. The number of applicants was actually lower than originally estimated, with the KSA anticipating around 40.
The regulators chairman, René Jansen has said that further licenses will be
René Jansen continued to say: “High requirements are imposed on a license, including in the field of addiction prevention and consumer protection, and the KSA tests rigorously.
Once the regulated market has been launched, the KSA has announced that they will be increasing their fines for unlicensed operators, following the governments instructions. The regulator recently fined Tipico a sum of €531,000 for offering illegal gambling in the country.
A new online gaming market is always exciting for affiliates, as it offers a number of brand new opportunities that have been untapped. Especially with the iGB Live affiliate event being hosted in Amsterdam this week, offering the first major event since before the COVID-19 pandemic.
Published 30.09.2021 Author: Stephen Category: News
Currently, 27 states have legalised sports betting, but it’s expected for a total of
As for sports betting and igaming revenue in 2021, Joseph Greff has estimated a revenue total of $8.3bn, up from $6.6bn. Sports betting is to account for £4.4bn of the revenue total and igaming will contribute £3.9bn.
With the pace of which the online betting and iGaming market within the US is rising, the prediction changes were more than necessary, according to Greff. He also said that the overall view is favorable, given the recent positive trends related to the NFL and college football, as well as the continued consolidation that may involve much more land-based operators with digital strategies and business models originating from daily fantasy sports.
Published 29.09.2021 Author: Jake Category: News
In addition to the above, they will also be enforcing some payment blocking measures, which would prevent payments to all gambling operators, other than the regulated state monopoly. The police will be provided with a list of blocked gambling companies which they will pass onto banks and other providers to add to a blacklist.
The Finnish Ministry of the Interior said that these changes would
The state owned operator, Veikkaus, has already introduced mandatory verification of identity for their slot games, however adaptations will need to be made to extend this to cover all forms of gambling. Currently the operator is advertising various slot games, but they must reframe if the new laws get passed.
Published 29.09.2021 Author: Stephen Category: News
Gary Grief, Executive director of the Texas Lottery, said: "When then-Gov. Ann Richards purchased the first Texas Lottery scratch ticket in May 1992, no one dreamed of reaching
Robert G. Rivera, Chairman of the Texas Lottery Commission, added: "We are thrilled to announce the Texas Lottery once again generated record revenue for Texas education and veterans during fiscal year 2021. We want to thank all the players for supporting the Texas Lottery and for their participation in providing these much-needed funds for the Foundation School Fund and the Fund for Veterans’ Assistance."
Published 28.09.2021 Author: Stephen Category: News
The pace of betting remained at $4.7m per day, however gross gaming revenue is down from $15.2m in July, to $13.2m.
Nicole Russo, analyst for PlayTenn.com said: "After an up and down summer, it would’ve been encouraging to see some
Eric Ramsey, analyst for the PlayUSA.com Network, which includes PlayTenn.com commented: "This is the most important time for the industry, but we still don’t know for certain how bettors in Tennessee will engage over a full football season. It seems like a safe bet that wagering on football will likely represent a greater share of Tennessee’s annual handle than the national average."
Published 28.09.2021 Author: Jake Category: News
Operators who are interested in one of these new licenses would need to hold at least €1.2 million to open a casino, €289,000 for sports betting and finally €144,000 for horse racing betting.
Additionally, a new fee will be introduced to all kinds of gambling licenses. All operators must
These amendments were approved in the first reading, with 74 votes in favour, 7 against and 39 declining to make their decision at this time. As a result of this, a second reading will be required before proposals can become law.
A member of the Lithuanian Legislature, Mykola Majauskas, said that these changes will generate an estimated €8 million per year for the state and this money could be spent on addiction prevention.
Published 27.09.2021 Author: Jake Category: News
The webinar is scheduled to take place on Tuesday, 28th of September between 10am and 11:30am BST.
The Advertising Standards Authority added that
“Given that we’re likely to make updates to the rules soon, we encourage industry members to attend our upcoming webinar so that they can hear more about the rules directly from our experts.”
Finally, an ASA spokesperson said “It's vital for gambling operators to understand what they can and can't say in ads.” It will be interesting to see which new rules the ASA is planning to introduce and how this will effect affiliate marketing in the UK.
Published 27.09.2021 Author: Stephen Category: News
The programme will allow users to set limits including deposit and time limits, set a cooling off period, or even set a lifetime ban for themselves.
Michelle Seagull, the consumer protection commissioner, said:
Diana Goode, executive director of the Connecticut Council on Problem Gambling, said: "In the problem gambling community, self-exclusion is an essential step in helping people who are addicted. By creating a barrier from participating, it allows those in recovery a much-needed respite from triggers and reduces the likelihood of relapse."
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