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."
Published 24.09.2021 Author: Jake Category: News
The government will be giving the Norwegian gambling regulator, Lottstift, the ability to order internet service providers (ISPs) to block all access to sites ran by offshore operators. The regulator will be able to issue these orders once they can prove that not only a website offers gambling without a license, but they are also targeting Norway’s citizens.
It has been noted that Lottstift must
Abid Raja, the Minister of Culture, said: “These companies do what they can to circumvent Norwegian law. With blocking, we will be able to gag them. We will go as far as possible to get rid of these companies. We do not want DNS blocking, but we do not want the gambling problems these companies bring to the country.”
Published 24.09.2021 Author: Stephen Category: News
The British regulator found that EU Lotto had used “ineffective” threshold triggers for financial risk and also failed to identify and label customers that frequently changed their deposit limits as at risk. EU Lotto also failed to carry out sufficient financial and affordability assessments and conducted inadequate interaction with players who were at risk.
In regard to failing AML measures, they identified insufficient examination of
Helen Venn, Gambling Commission executive director, said: "This case, like other recent enforcement action, was the result of planned compliance activity. All operators should be very aware that we will not hesitate to take firm action against those who fail to meet the high standards we expect for consumers in Britain."
Lottoland CEO Nigel Birrell said: "Lottoland is fully committed to ensuring the highest standards of compliance, including its anti-money laundering and social responsibility obligations in all of the jurisdictions in which it operates."
"The Gambling Commission fine was related to legacy issues around some of our compliance controls which have now been addressed. Lottoland has extensive compliance measures in place, and we are confident that our current policies and processes meet all relevant standards."
"Remedial action taken included significantly increased investment in our compliance function, more than doubling headcount, alongside a host of other initiatives including bringing in third-party support, enhancing training and a review of key policies."
"In addition, we recently committed to building our individual processes into an automated system to improve the system even further."
Published 23.09.2021 Author: Jake Category: News
As stated in the new regulations, operators cannot “provide players with any bonus payments, and/or providing goods or services through incentives, the provision of which is directly or indirectly due to the losses of a player in a certain game”.
Gamblers in the Ukraine market must have
It was also noted that all staff who work in the industry, must receive extensive training which will enable them to detect early signs of problem gambling, so that action can be taken to prevent harm.
KRAIL, the local regulator of Ukraine, said: “Responsible gambling is a basic principle of organising and conducting gambling, and involves the implementation of measures to prevent and minimise the negative consequences of individual participation in gambling, as well as measures aimed at organising self-restraint and self-control for players. The consequence of following the principles of responsible play is to increase the reputation of the organisers among the players.”
Published 22.09.2021 Author: Jake Category: News
The timing of launch will allow for the state to take full advantage of the last three months of the regular season of the NFL, which tends to be the most important season for sports betting revenue in the country. Connecticut is the sixth-wealthiest state in the US, based on the average household income, making this state a prime target for
It has been reported that one of the main motivations behind the legislation being passed, was the amount of tax revenue it would generate. The state would be collecting 18% on online casino gambling, which will be increasing to 20% after five years. It will now also collect 13.75% on all sports betting and fantasy sport revenue.
It is expected that sports betting in Connecticut will generate around $28 million in taxes in the current fiscal year and will only increase from there. We can only imagine the amount of revenue that will be up for grabs for operators and the amount of potential commission for affiliates in the market.
Published 21.09.2021 Author: Jake Category: News
In the announcement, they stated that they will share both complaints and alerts they receive and make joint decisions on how to manage them. The collaboration has been designed to better guarantee the security of the media offer and to protect vulnerable groups, such as minors and problem gamblers.
The newly regulated market is set to open on the 1st of October, under the new Remote Gambling Act. As gambling advertising is a big topic of discussion, the KSA has said they will monitor the advertisements to ensure that they are not
On the other side of the deal, the Commissariaat Voor de Media (CdvM), will be handling the responsibility of the Media Act which will be enforced from the 1st of November. This act includes a number of typical rules, along with one that stands out – there will be a complete ban on adverts being shown on television and radio between 6am and 9pm.
The KSA said: “The new rules prompted the Commissariaat and the KSA to start working together more closely. The principles for the cooperation are laid down in a protocol. In this agreement, the bodies said they would coordinate complaints and signals about advertising for games of chance and providers of games of chance. In addition, knowledge and information are shared.”
Published 20.09.2021 Author: Jake Category: News
The breakdown of the various contributing markets started with iGaming bringing in a total of 97.2 million, which broke the prior record of $95.1 million set in March. As for online sports betting, this added the remaining $15.9 million in revenue, from a total handle of $192.3 million. Although the sports betting revenue was
Both online sports betting and iGaming were only launched in Michigan in January of this year, with a total of 14 approved operators in the state. This early growth is a great sign of what is to come in the next couple of years.
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