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Gambling News Roundup: New Regulations, Big Wins, and More

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Millions of people enjoy gambling, whether it is a spot on a horse race or the football results. But many of them are at risk of addiction and must be better protected. That’s why the government has announced plans to update gambling rules for the digital age. These include extra powers for the Gambling Commission, curbs on bonus offers, and affordability checks for online slots.

Legalization of sports betting

The legalization of sports betting in the United States has brought a host of new opportunities for gamblers. People can now place bets on a wide variety of games, and some have even made huge profits from their wagers. This has boosted the economy and helped casinos make money. It is expected to continue growing over the next few years.

Several states have legalized sports betting, and many others are attempting to do so. Previously, most people had to travel to Nevada to place bets on their favorite teams and players. But now, sports betting is available in most states and can be enjoyed by anyone with an internet connection.

In addition to boosting the economy, legalized sports gambling is also helping state governments collect revenue. Over the past two years, sports betting taxes have generated over $3 billion in revenues for local and state governments and over $570 million for federal authorities. Some states are putting all of the money they receive from sports betting into general funds, while others are using it to fund programs such as education and law enforcement.

As the demand for legal sports betting continues to grow, many lawmakers are working on legislation to regulate the industry. Some proposals call for a percentage of the revenue to go towards anti-corruption measures in professional sports leagues, while other states are creating categories of licenses with different fees and requirements. In Illinois, for example, the new laws allow sports books to pay a “master sports wagering license” fee of $10 million to be licensed, and they must use official league data to set odds.

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Other states, such as Montana and Nebraska, have ballot initiatives to legalize sports betting. In Nebraska, Proposition 27 will ask voters to amend the state constitution and allow regulated sports wagering. The measure has received support from the governor but will require 2/3 of the legislature’s approval to be placed on the ballot.

In Florida, the legislature approved sports wagering via a tribal-state compact with the Seminole Tribe in May 2021. Once the federal Department of Interior approves the compact, retail and mobile sports betting could launch in late 2021.

Legalization of medical marijuana

In the United States, medical marijuana is legal on a state level in 29 states and Washington, DC. However, you can learn more about the same from Focus Gaming News. The Trump administration has signaled a tougher stance on drug enforcement, but limited Department of Justice resources and large marijuana tax revenues in some states may discourage federal interference. Physicians are able to prescribe cannabis to treat nausea and vomiting from cancer chemotherapy and wasting (severe weight loss) associated with AIDS, as well as spasticity from multiple sclerosis. The FDA has also approved synthetic marijuana-derived compounds such as Dronabinol and Cesamet, as well as the oromucosal spray Sativex for multiple sclerosis and cancer pain.

Legalization of online gambling

The legalization of online gambling in the United States is a complex issue. While the activity is largely legal in most areas, it is still subject to state and federal laws that restrict or regulate different aspects of the industry. For example, states have passed laws that allow sports betting while limiting the types of online gambling platforms that can accept wagers. Some states have even banned online gambling entirely. The most recent development in the US has been an attempt to circumvent these state-by-state patchworks by legalizing online gaming at the federal level.

Initially, the movement to legalize online gambling in the US was focused on sports betting. The 2018 Supreme Court decision overturned PASPA, allowing individual states to legalize sports betting in their jurisdictions. In the wake of this ruling, several states enacted legislation to legalize online betting on various sporting events. The most popular sports to bet on are football, basketball, and baseball. However, there are other popular games that can be wagered on as well, including horse racing and video games.

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Online casinos and poker rooms are also becoming more accessible in the US. Nevada, New Jersey, and Delaware were among the first states to introduce legal online casino games and poker sites. Since then, Pennsylvania, West Virginia, and Michigan have joined the party, and other states are considering legalization as well.

While some people may enjoy online gambling without any problem, others can be harmed by its consequences. These problems range from financial loss to addiction and even death. In the worst cases, gambling harm and addiction can lead to suicide. As a result, the industry has become more vigilant in its efforts to protect vulnerable players.

In 2022, California will vote on two competing proposals for the legalization of online sports betting. One is backed by FanDuel and DraftKings while the other is supported by California tribes. Both initiatives face an uphill battle. The state has a large Mormon population and many residents oppose the initiative due to religious beliefs. The other major holdout in the US is Hawaii, which has a similar climate and a lack of interest in expanding its gambling regulations.

Legalization of Video Poker

Amid the excitement over the Supreme Court’s decision to legalize sports betting, many states are considering new regulations that could further expand gambling. One example is a bill that would make it easier for gambling firms to monitor the habits of their customers and take steps to intervene when they exhibit problem behaviors. This bill would also allow casinos to sell betting apps and offer a range of responsible gambling products.

The state of South Carolina has a complicated relationship with gambling. Its laws ban most forms of gambling, but video poker is in a gray area because it is not specifically mentioned in the law. It was only able to survive in the state by hiding in a 1986 legislative favor. A tiny amendment in the back of a giant budget bill erased two words in a state statute, allowing video poker players to win jackpots. The state has never formally banned video poker, but it has used suits and lobbying to stymie efforts to pass a ban.

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Some states have a better relationship with gambling than others, but even the best-behaved states sometimes struggle to enforce their laws. For instance, the state of Kentucky took a hard line against online poker in recent years and attempted to seize 140 gambling domains. The effort was ultimately thwarted by the court, but the state still maintains a harsh anti-online poker policy. The Kentucky Supreme Court might eventually review the case, but it is unlikely that the state will legalize online poker anytime soon.

Another state with a good relationship with gambling is West Virginia, which has launched regulated sports betting sites. In 2023, the state is expected to roll out a broader set of iGaming offerings, including online slots and table games. It is likely that the Mohegan and Mashantucket Pequot tribes will launch these sites in the state, though they may face some challenges.

The state of California has 78 land-based casinos and 60 poker clubs. It has also dozens of horse tracks, OTBs, casino cruises, and bingo halls. But it has never passed a legalized version of online poker, partly because of the industry’s unpopular image. A bill that would legalize a statewide poker network was defeated in February, but lawmakers are looking at other ways to boost gaming revenues. They are considering expanding land-based casino machines, allowing players to use their mobile devices, and adding a gambling ombudsman to help resolve disputes between punters and companies.

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British Columbia Lottery Corporation

SCCG Management Signs Contract with British Columbia Lottery Corporation

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SCCG Management has signed a contract with the British Columbia Lottery Corporation (BCLC), the B.C. Crown corporation which conducts and manages commercial gambling in the province, including lotteries, casinos, and online gaming. This partnership aims to undertake a comprehensive assessment and strategic enhancement of BCLC’s diverse operations.

The work between SCCG and BCLC will involve a thorough review of technological infrastructures, strategic market positioning, and the integration of various gaming modalities. SCCG’s extensive expertise will be pivotal in harmonizing BCLC’s online and physical gaming experiences.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with BCLC represents a remarkable opportunity to push the boundaries of innovation within the gaming industry. We are committed to deploying our resources and expertise to enhance BCLC’s operational efficiencies and customer engagement strategies. It’s an honor to partner with an organization that has a robust impact on the community through its support of public initiatives.”

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AGCO

AGCO Requires Ontario Gaming Operators to Stop Offering WBA Bets Due to Integrity Concerns

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The Alcohol and Gaming Commission of Ontario (AGCO) has mandated all Ontario-registered sportsbook operators to halt offering and accepting wagers on World Boxing Association (WBA) events immediately. This measure is being taken to protect the Ontario betting public following concerns that WBA-sanctioned boxing matches are not adequately being safeguarded against match-fixing and insider betting.

Since December 2023, the AGCO has been conducting a comprehensive review of suspicious wagering activity on a WBA-sanctioned title fight between Yoenis Tellez and Livan Navarro that was held in Orlando, Florida. Suspicious betting patterns on the bout lasting over 5.5 rounds were reported to the AGCO by two registered independent integrity monitors and detected in Ontario by a registered igaming operator. Media reports also alleged that Tellez’s Manager placed $110,000 on the match lasting longer than 5.5 rounds at a Florida casino. The bout ended with Tellez knocking out Navarro in the 10th round.

Following an intensive review that included outreach to the WBA, Ontario-registered gaming operators, independent integrity monitors, and regulators in other jurisdictions, the AGCO has concluded that bets related to WBA events do not currently meet the Registrar’s Standards for Internet Gaming.

The AGCO requires all Ontario-registered gaming operators to ensure the sport betting products they offer are on events that are effectively supervised by a sport governing body. At a minimum, the sport governing body must have and enforce codes of conduct that prohibit betting by insiders.

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Registered gaming operators were unable to demonstrate to the AGCO that the WBA prohibits betting from insiders, which could include an athlete’s coaches, managers, handlers, athletic trainers, medical professionals, or others with access to non-public information. Further, registered gaming operators were unable to demonstrate that the WBA took any action to investigate or enforce the allegations of potential match-fixing and insider wagering.

The AGCO has indicated to registered operators that in order for WBA betting products to be reinstated in Ontario, operators must demonstrate that the WBA effectively supervises its events, thus bringing them into compliance with the Registrar’s Standards. In December 2022, the AGCO required gaming operators to stop offering bets on UFC events for similar issues related to insider betting safeguards. Within a month, UFC amended its policies and implemented new protocols that allowed the AGCO to reinstate betting on UFC events in the province.

“Ontarians who wish to bet on sporting events need to be confident that those events are fairly run, and that clear integrity safeguards are in place and enforced by an effective sport governing body. Knowing the popularity of boxing in Ontario, we look forward to reinstating betting on WBA events once appropriate safeguards against possible match-fixing and insider betting have been confirmed,” Dr. Karin Schnarr, Registrar and CEO of AGCO, said.

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Andrew Cochrane Chief Business Officer of GiG

GiG increases Ontario market presence, powering the launch of Casino Time

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Gaming Innovation Group Inc. (GiG), has announced the launch of Casino Time, powered by its award winning iGaming platform and pioneering real-time rules engine LogicX, with revolutionary sportsbook, SportX soon to follow, to further extend its footprint in the regulated Canadian province of Ontario.

The launch of Casino Time carries extra significance, marking only the second time that on-demand, regulated online Bingo has been made available in Ontario. The new Bingo product vertical, launched alongside a strong Casino offering, will be boosted by GiG’s new sportsbook, SportX, as part of a planned release later this year.

GiG has focused its solutions on driving exponential growth in revenue for operators with its highly scalable iGaming platform, offering localised third party content and leading suppliers for the Ontarian market. GiGs peerless gamification layer creates an optimised and immersive casino experience tailored to regional preferences, swelling client retention and player engagement.

Canadian owned and operated, Casino Time is a joint venture amongst leading retail operators in Ontario’s Charitable Gaming sector, delivering Bingo, Slots and Live Dealer Casino Games. Promising a personalised service and community experience, Casino Time is continuing its long-standing partnership with local charities, introducing its joint fundraising model into the iGaming space for the first time.

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Now coming towards the end of its second year of licensed operations, Ontario has emerged as one of the largest iGaming markets in North America, second only to New Jersey according to data supplied by Vixio. The first and as yet only Canadian province to launch a regulated market, Ontario boasts more than 1.6 million active player accounts spread over 40 plus operators, generating €1.3 billion in Gross Gaming Revenue (GGR) in its first year of trading, with this data supplied by iGaming Ontario.

Andrew Cochrane, Chief Business Officer of GiG, said: GiG continues to set the pace with a strong cadence of brand launches in 2024, and I’m pleased that when operators are seeking platform solutions in regulated markets, GiG is leading the pack. Our partnership with Casino Time, will help deliver something new and exciting to the Ontarian market, and further helps to demonstrate the flexibility of our solutions, adapting to match the regional aspirations of our partners to deliver growth.

D’Arcy Stuart, CEO of Casino Time, said: “We are thrilled to partner with GiG as the core technology provider of our iGaming platform. Their powerful suite of player engagement tools, as well as diverse content and regulatory integrations, underpin our ability to serve and delight our player community. Our hybrid online and offline customer network, as well as unique bingo offerings, will drive exciting opportunities as the platform and the marketplace continues to grow.”

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