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."
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