São Paulo football clubs are collectively opposing proposed legislation in Brazil that aims to ban betting advertisements within the city. Such measures could significantly impact their sponsorship revenues from the betting sector.
As prediction markets expand, a growing infrastructure sector is supplying essential data, liquidity, and technology to support trading. However, notable gaps in existing systems persist despite this growth.
The potential demise of the Clarity Act, following a recent crypto bill failure, could significantly impact the gaming industry. While cryptocurrency is central to prediction markets, its broader application could also aid in combating offshore betting platforms.
Peru's regulated iGaming market is now in its third year, featuring approximately 60 licensed operators competing for market share. This article examines the strategies and challenges operators face in differentiating themselves and gaining leadership in this evolving landscape.
Dabble Sports has been fined over AU$1 million by the Australian Communications and Media Authority (ACMA) for breaching self-exclusion regulations. The fine addresses serious regulatory non-compliance by the operator.
A House of Lords committee has released an updated report recommending a near-total ban on gambling advertising in the UK. The report also suggests the Gambling Commission should become the primary statutory regulator for gambling advertising, replacing the ASA.
Brazilian President Lula has reiterated threats to shut down the country's online betting sector, citing social problems and questioning current regulatory protections. This follows prior indications of potential severe restrictions or bans on the industry.
The UK's Advertising Standards Authority (ASA) upheld a complaint against betting operator Midnite for using an AI-generated character in a TikTok ad that appeared to be under 25, breaching age-restriction rules. However, a similar complaint against White Hat Gaming was not upheld as the ASA found the individual in their ad appeared to be over 25. This ruling highlights increasing scrutiny on AI-generated content in iGaming marketing.
A new survey reveals iGaming operators are overly reliant on legacy VIP systems and manual processes, with limited adoption of AI tools, potentially leading to 'silent churn' among high-value players. The report suggests this outdated approach hinders effective customer relationship management and operational efficiency within a crucial business segment.
Rising interest rates from the Federal Reserve are projected to create sustained economic headwinds for the US gaming industry, potentially increasing the cost of capital and dampening consumer spending. Analysts suggest that a cycle of multiple rate hikes could force companies to re-evaluate their expansion strategies and debt management.
A Danish entrepreneur, motivated by personal experience with gambling addiction, is developing an intelligence platform called Trace2Trace to map and understand the infrastructure of illegal gambling networks. The platform aims to combat the growing and increasingly complex challenge of tracking offshore black market operations. This initiative addresses a significant industry concern regarding unregulated gambling.
A new study commissioned by the UK Gambling Commission indicates that retail bettors prefer uninterrupted play, while casino players desire real-time support. Participants also called for more empathetic retail staff and clearer gambling information to be available. The findings suggest a need for tailored intervention approaches across different gambling environments.
Entain has warned the UK Prime Minister that a potential hike in Machine Games Duty (MGD) could increase its annual costs by £100 million. The company also announced a potential cut of 400 customer care roles as part of an ongoing operational restructuring.
OpenBet, a prominent sports betting technology provider, announced its intent to acquire OmniLogic to bolster its lottery sportsbook offering. This acquisition aims to expand OpenBet's reach into regulated European lottery markets by leveraging OmniLogic's expertise.
Major US sports leagues have collaborated on a memo urging states to implement mandatory bans on bettors who threaten athletes. This first-of-its-kind initiative aims to protect players from harassment linked to sports wagering outcomes.
Brazil's finance minister, Fernando Haddad, defended the country's betting regulation and called for stricter controls, but stopped short of endorsing a ban on gambling. He emphasized that the government does not rely on betting taxes for its budget, despite the recent regulation of sports betting and online casinos.
As Japan progresses with its casino regulations, the iGaming Business article explores how the nation's historical aversion to gambling might influence market interest and impact the success of integrated resorts. The piece suggests Japan could draw lessons from neighboring markets and its own traditional gaming culture to navigate this challenge.
A new report from Euromat, produced by Regulus Partners and Helios, reveals that Europe's gambling black market has grown 18% annually since 2019. The study indicates that over half (64%) of this illicit market is driven by a leading group of 25 brands. This significant growth highlights ongoing challenges for regulated markets and authorities.
New South Wales' independent gambling regulator is considering ending the ClubGRANTS scheme, which funnels gambling proceeds into community projects. The scheme faces scrutiny due to perceived conflicts of interest, as machine owners benefit from tax rebates linked to these grants. This potential change could significantly impact how gambling revenue is distributed and regulated within the state.
A recent study revealed that over 80% of betting sites recommended to Brazilian users via Instagram are operating illegally, raising significant concerns about the platform's role in promoting unlicensed gambling. This highlights the challenges of combating illegal offshore operations and potential regulatory pressures on social media platforms.
Bally's Chairman Soo Kim reaffirmed the company's commitment to its Chicago casino project despite ongoing disputes regarding Video Gaming Terminals, though some development aspects remain uncertain. This comes as Bally's also secures funding for its New York casino bid, indicating active pursuit of major market opportunities.
Several board members, including the UK Gambling Commission's Tim Miller, are stepping down from the Gambling Regulators European Forum (GREF). Ian Angus will join the board, and Associate Professor Olivia Petit has been appointed as the new board secretary. These changes impact the leadership of a key European regulatory body.
New Zealand's regulator has recovered NZ$11.5 million following a compliance probe into the country's pokies sector, uncovering widespread failures. This signals increased scrutiny and potential tightening of regulations for gambling operators in the region.
Turkish authorities have seized 17.75 billion lira (approximately €504 million) as part of a significant crackdown on illegal betting and gambling activities across the country. Interior ministers emphasized efforts to combat growing illegal gambling and associated addiction, with 279 organized crime groups identified and 27,000 individuals targeted in 4,000 operations over the past year.
Nevada gaming regulators are set to consider several revisions to the state's technical standards next month. These proposed changes are the culmination of several years of work by the NGCB to overhaul the existing technical framework, impacting operations for licensees.