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UKGC: How will the ban on gambling with credit cards affect the industry?

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U.K’s Gambling Commission recently made a decision to ban gambling with credit cards. The Commission has been on a mission to promote responsible gambling and it looks like this is the next step. From now on players won’t be able to bet the money they don’t have on online games. The initiative has been around for over two years, ever since charity groups GambleAware and Citizens Advice first suggested the idea. According to the commission, around 22% of problem gamblers use credit cards to play, so it makes sense to introduce this ban in order to avoid credit card debt. This could be the start of the revolutionary approach to gambling that we haven’t seen yet. The U.K is pioneering the movement aimed at putting an end to risky gambling and promoting the responsible approach instead.

What the commission hopes to accomplish

By imposing this ban the commission hopes to promote the approach that urges the players to only spend within reason. When gamblers use credit cards it can become harder to know when to stop, because you’re not losing the money you already have. The whole appeal of the credit cards is also their biggest downside. They prevent you from thinking about money in a responsible way, in the industry where money can so often become an issue, it seems irresponsible to gamble away by using a credit card.

With this move, the commission hopes to promote a more balanced approach to gambling and it might be setting an example for other countries to follow as well.

This ban hasn’t been made official yet, and U.K’s major betting websites including PokerStars, 888, Betfair and Bet365 are still accepting credit cards on their websites and have previously received criticism for along their players to get themselves into huge debts.

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It hasn’t been confirmed yet, but it is likely that payment services like Paypal and various e-wallets will also be banned.

This is a huge shift in the gambling industry and the feedback has been mixed. While this move will definitely help those with the spending problem to get their bad habits in check, for those who have no problem gambling responsibly even with credit cards it might become an inconvenience. But since the topic of responsible gambling has become so relevant, it makes sense that the U.K made this decision.

We’ve seen a major shift in the way authorities approach gambling and according to industry authority VegasSlotsOnline, there are more regulations coming in the way of the casino industry, such as the record fine of 2.34 million Euro imposed on Blackrock Media by the Malta Gambling Authority.

The future of gambling

Gambling has become a huge part of the entertainment industry and online casinos have only taken its popularity further. But with online casinos, it also became harder to control some aspects of gambling. For example with online gambling it might be harder to control whether or not the player is underage, there is more room for fraudulent activities and overall online casinos have presented a whole new set of challenges for the gambling community, playing with credit cards being one of them. The proactive approach aimed at creating a more regulated gambling scene will definitely make the change for the better in the industry, but it is a fine line between trying to regulate the negative aspects of it and then trying to keep the casinos under tight control. The second one will definitely not last very long while the first option can only bring positive changes to the community.

This trend of promoting responsible gambling can be seen in other parts of the world as well, and if the U.Ks effort turns out to be successful we will likely see the wider adoption of the new regulations across other countries as well.

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CDP

MGM Resorts International Listed on Prestigious CDP A-List

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MGM Resorts International has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on the organization’s annual A List.

MGM Resorts is one of just 347 companies that received the prestigious ‘A,’ out of more than 23,000 scored, placing it in the top 0.015% of reporting companies. Grades are awarded on comprehensiveness of disclosure, awareness, and management of environmental risk and best practices associated with environmental leadership.

“Our inclusion on the CDP A List is a testament to the strategic importance we place on sustainability. Environmental stewardship is more important than ever, and we remain committed to being leaders in creating long-lasting positive impacts on our planet and in our local communities,” said Jyoti Chopra, Chief People, Inclusion, and Sustainability Officer at MGM Resorts.

“Earning a place on the A List is about more than the score. It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions. As we move deeper into the Decade of Action, and as CDP continually raises the bar for what represents environmental leadership, the work of A List companies is never complete. We look forward to seeing all companies turn their commitments into further and more meaningful and effective action,” Sherry Madera, CEO of CDP, said.

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Some of the reasons MGM Resorts achieved its ‘A’ grade for climate change:

  • A board-level committee focused on Corporate Social Responsibility & Sustainability chaired by a global expert in clean energy advocacy.
  • Targets approved by the Science Based Targets Initiative (SBTi) to reduce emissions in line with the Paris Agreement’s 1.5-degree pathway.
  • Nearly 110 megawatts of installed solar capacity, including the MGM Resorts Mega Solar Array, which fulfills up to 90% of MGM Resorts’ daytime power needs in Las Vegas.
  • Reductions in carbon emissions intensity by 49.5% between 2007 and 2022, resulting from significant energy efficiency measures and renewable energy development.
  • Detailed climate data disclosures that have received third-party verification for Scope 1, 2, and 3 emissions and energy usage.

MGM Resorts also earned an ‘A-’ in water security. Some of the reasons for the score include:

  • A strategic framework for water stewardship to address water use in operations and champion stewardship across the community.
  • A Global Water Policy to codify and communicate commitment to water stewardship.
  • Achievement of reductions in water withdrawals totaling 13.9 billion gallons, reduced and/or avoided between 2007 and 2022 across U.S. operations.
  • Focus on local water issues, such as reducing consumptive water use in Southern Nevada, including replacing more than 200,000 square feet of grass with desert-friendly landscaping.
  • Enhancement of water data disclosures and external assurance on water withdrawals.
  • Linkage of executive compensation to Social Impact & Sustainability goals, including reductions in water withdrawals.

MGM Resorts is focused on creating a more environmentally sustainable future, recognizing that climate change presents significant risks and opportunities to business, people, and the planet. The Company has adopted a culture of innovation to reduce emissions and continues to take bold steps toward climate leadership in the industry.

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Commonwealth Court of Pennsylvania

Pace-O-Matic Congratulates Casino Industry on Record Profits

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Pace-O-Matic, the leading name in skill game entertainment, is tipping its hat to the fat cats of the gambling world for yet another record-breaking year. The United States casino industry recently reported a record $66.5 billion in winnings for 2023.

That includes Pennsylvania, the second largest casino market in the country behind Nevada. While casino reps curiously blame skill games for ‘losses’, in 2023 Pennsylvania casinos brought in a record $5.7 billion in revenue from gambling. That equates to a 9.3% increase year over year.

“On behalf of the local small businesses, restaurants, bars and fraternal organizations that the casino industry is determined to put out of business, we extend the warmest congratulations to big casinos for their $66.5 billion in winnings,” the Chief Public Affairs Officer for Pace-O-Matic, Michael Barley, said. “It’s not every day you see such record profits. Now our only question is, where are these losses the industry and, specifically casinos in Pennsylvania, are claiming to be connected to skill games?”

The Pennsylvania casino industry also saw a 28% increase in iGaming year over year as well as a 4.08% increase in slot machine revenue last month across the Commonwealth over last year.

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Regardless of what big casinos say, Pace-O-Matic remains committed to its mission of providing engaging skill-based entertainment to players while supporting the heart and soul of America; local small businesses. Skill games bring supplemental, sustainable income to bars, restaurants, VFW halls, American Legion posts and other small businesses across Pennsylvania. These businesses use income from skill games to pay bills, make charitable donations, provide health benefits, pay competitive wages and more.

“The casino industry continues to attack skill games for loss of revenue yet these losses don’t seem to appear in any of their reporting,” Barley said. “While they spin misleading information, we will stick to the facts. The fact is, that skill games are a legal source of income that Pennsylvania’s small businesses rely on every day to make ends meet.”

On the heels of a unanimous Commonwealth Court of Pennsylvania ruling that found skill games to be legal and Governor Josh Shapiro including skill game revenue in his 2024/25 budget, it’s clear that support for regulating skill games is growing among lawmakers and the public. Pennsylvania State Senator Gene Yaw has proposed legislation, Senate Bill 706, that would tax and regulate skill games, establishing a framework for the legal games to continue to operate.

Pace-O-Matic is a leading developer of legally compliant games of skill in the United States. Its games are played in thousands of small restaurants and bars along with many social halls such as American Legion and Veterans of Foreign War (VFW) posts. Pace-O-Matic games generated millions of dollars in revenue for businesses and clubs in Pennsylvania last year.

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DAZN Appoints Brice Daumin as CEO of French and Swiss Operations

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DAZN Group, the world’s leading sports streaming service, announced the appointment of Brice Daumin as CEO of its French and Swiss operations. Daumin will oversee DAZN’s growth strategy in France, using his experience and knowledge of the French market garnered over 25 plus years in the French media and telecoms industries.

The move further underlines DAZN’s commitment to France after its launch in August 2023. DAZN brings its French subscribers the best of combat sports including a weekly schedule of top-quality boxing, MMA with the Professional Fighters League and PFL Europe featuring world-class fighters such as Francis Ngannou and Cédric Doumbé, huge PPV boxing line-ups featuring Tyson Fury and Anthony Joshua, such as “Day of Reckoning”. DAZN also brings its customers top-tier football including Ligue 1 Uber Eats, and the UEFA Women’s Champions League.

DAZN has also delivered a distribution strategy, striking deals with prominent telco and cable operators, to ensure as many French sports fans can access DAZN’s compelling catalogue of premium live sports content, magazine programming, archive and other sports entertainment products. Daumin will report directly to Alice Mascia, whose group responsibilities include her roles as Group Chief Marketing Officer and CEO of DACH.

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Shay Segev, CEO of DAZN Group, said: “DAZN’s global sports offering expanded into France last year and we’re excited to announce that Brice Daumin is joining our team to help us grow in this evolving market. With his extensive in-market experience across our strategic imperatives – customer focus, commercial development, and distribution – Brice will play a key role in our long-term development in France. This is a clear statement of DAZN’s commitment to France and our ambition to continue growing in this exciting sports entertainment market.”

Brice Daumin, CEO of DAZN France, said: “This was an easy decision for me to make. DAZN has already demonstrated its offer right across Europe, with its operations in Belgium, Germany, Italy, Portugal and Spain. Working with the biggest rights holder, in local markets and on a global level, DAZN delivers a fantastic service in a way that works for fans and rights holders. The opportunities for further growth in France are clear, especially when you look at the expanding range of sports entertainment products DAZN is creating – e-commerce, ticketing, social experiences and gaming. The French sports fan is ready for a new experience, one that DAZN will deliver.”

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