In a significant move for the global gaming industry, the American Gaming Association (AGA), European Casino Association (ECA), and Betting & Gaming Council (BGC) have signed a memorandum of understanding (MOU) aimed at addressing shared challenges. The agreement, announced today, signifies a collaborative effort to confront key issues like illegal gambling, responsible gaming, industry innovation,
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Denmark’s gambling market saw a 4.3% year-on-year increase in gross gaming revenue (GGR) in August 2024, reaching DKK571 million ($84.1 million), according to data released by the Danish Gambling Authority, Spillemyndigheden. This overall growth was largely driven by a strong performance in the online casino sector, which helped offset declines in sports betting and land-based
Brazilian President Luiz Inácio Lula da Silva is contemplating an outright ban on online sports betting if the government’s recent regulatory efforts fail to address the growing issue of gambling addiction in the country. Since the legalization of online sports betting in 2018, there has been a dramatic surge in betting activity, raising concerns about
Australia’s BetStop self-exclusion program has reached a significant milestone, with over 30,000 individuals signing up since its launch last August. The initiative, which allows users to self-exclude from licensed online and phone wagering services, aims to support those looking to manage their gambling habits. According to data from the Australian Communications and Media Authority (ACMA),
The debate over Ireland’s Gambling Regulation Bill 2022 is intensifying, with Senators Lynn Ruane and Alice Mary Higgins advocating for a total ban on gambling bonuses as the bill nears final approval. The original version of the bill had included a blanket prohibition on such bonuses, but recent amendments have altered this, allowing operators to
Wynn Resorts has made history by becoming the first company to receive a commercial gaming license in the United Arab Emirates (UAE). On October 4, the General Commercial Gaming Regulatory Authority (GCGRA) granted Wynn the license for its ongoing project on Al Marjan Island, located in Ras Al Khaimah (RAK). The license will allow Wynn
The UK Gambling Commission (UKGC) has appointed two new experts, Dr. Virve Marionneau and Dr. Spencer Murch, to its Advisory Board for Safer Gambling (ABSG). This move is aimed at enhancing the board’s expertise in gambling harm prevention, especially as the gambling industry continues to evolve with new technologies and international regulatory challenges. The ABSG,
The National Association of Games and Lotteries (ANJL) and the Brazilian Institute of Responsible Gaming (IBJR) have urged their members to voluntarily implement a ban on the use of credit cards for betting transactions before the official regulatory deadline. This decision anticipates a regulation set to come into effect on January 1, 2025, which prohibits
In August, both Nevada and Mississippi released their monthly gambling revenue reports, showing varying trends in their respective markets. While Nevada experienced a dip in overall gambling revenue due to a decline in slot machine activity, Mississippi saw growth in its retail sports betting market. These results offer insight into the shifting dynamics of gambling
Playtech, the leading provider of technology and content for the online gambling industry, has reported robust results for the first half of 2024, highlighting its successful expansion across key markets, especially in the U.S. and Canada. Total revenue for the six-month period ending June 30, 2024, increased by 5% to €906.8 million, with adjusted EBITDA
As of October 1, 2024, Dutch online gamblers are subject to a new set of stringent deposit rules to promote responsible gambling. The measures are part of the Netherlands’ ongoing efforts to ensure player protection, particularly focusing on deposit limits and encouraging self-awareness among players about their gambling behavior. The newly introduced rules include strict
In response to new federal betting regulations, the Brazilian government implemented significant changes in September with the introduction of Normative Ordinance No 1,475. This ordinance allowed only operators who had already applied for a federal betting license and were actively operating to continue doing so until the official launch of the regulated market on January
Thailand is moving closer to legalizing casino resorts, as Deputy Finance Minister Julapun Amornvivat pushes for a comprehensive plan to establish entertainment complexes in the country. The finance minister has called on the customs, revenues, and excise departments to devise a tax-collection system for the proposed industry, with a plan expected to be ready by
The Swedish gambling regulator Spelinspektionen has announced that the country’s channelization rate for the online gambling market has reached 86% for 2023, reflecting an improvement over the 77% recorded the previous year. This figure exceeds the forecasts made by several operators, including Aktiebolaget Trav och Galopp (ATG), which had predicted the rate would fall between
The UK’s Advertising Standards Authority (ASA) has banned several social casino ads promoted on TikTok. The ads, created by SpinX Games Ltd, Dataverse Co Limited, Huuuge Global Limited, Mobee Co Ltd, and Zeroo Gravity Games LLC, were flagged for misleading consumers into thinking they could win real-world money. The ads in question showcased slot-like games
Roberto Campos Neto, president of Brazil’s Central Bank, has voiced alarm over the exponential rise of online betting in the country, particularly highlighting the growing involvement of low-income individuals, including recipients of Bolsa Família. The dramatic uptick in Pix transfers to betting platforms, which has seen a surge of over 200% since January, is stoking
Within a year of legalizing online gambling in Canada, a surge in public complaints about the volume and content of gambling advertisements has raised concerns. A new study released by the Canadian Gaming Association (CGA) highlights that regulators may be acting more quickly than the available evidence supports. This could result in policies that don’t
Recent findings from the American Gaming Association (AGA) reveal a dramatic rise in responsible gaming (RG) investments across the gaming industry. The research highlights that industry spending on RG programs has soared to $471.8 million annually, reflecting a significant 72% increase from $275 million in 2017. This rapid growth outpaces the increase in gaming revenues
The Swedish Gambling Authority (Spelinspektionen) is taking new steps to intensify its battle against illegal gambling outside the country’s licensing system. This move aims to protect Swedish consumers, public health, and tax revenues, which are threatened by unregulated gambling activities. The authority has announced that it will produce a comprehensive “situation description” to provide an
Steve Cohen, the billionaire hedge fund manager and owner of the New York Mets, has intensified his efforts to develop a casino and entertainment complex near Citi Field. His latest proposal, known as Metropolitan Park, seeks to transform the 50-acre parking lot west of Citi Field into a vibrant entertainment hub that includes a casino,