regulation – Page 8 – FairOdds Network

January 11, 2023

Number of players on Malta-licensed sites hits record high in H1 2022

The number of players gambling with Malta-licensed operators hit a new high in the first half of 2022, after declines in the previous year.

The number of active player accounts with Malta-licensed operators rose by 8.7% year-on-year after a decline in 2021, to 19.3 million. This exceeded the previous high of 19.0 million recorded in the last six months of 2020.

The rise was mostly due to a record 8.9 million new accounts being created.

Much of the rise was due to higher numbers of younger players, with the portion of players aged between 18 and 24 rising to almost 25% of the total player base. In addition, the Malta gaming sector was found to have contributed €573m in gross value added for the half-year, or 8.0% of the Maltese economy. The gross value added total was up 12.4% from the first half of 2021.

The sector also employed 10,861 people as of June 2022, almost 600 more than a year earlier.

“The resilience of the Malta gaming industry during these trying times is largely att..

January 9, 2023

Gaming bill filed as Texas gears up for 2023 legislative session

The Texas legislature will consider a bill that would amend the state’s constitution to legalise casinos at a limited number of locations and set the stage to permit sports betting.

The proposed law – Senate Joint Resolution 17 – would devise the framework for a new body named the Texas Gaming Commission, which would supervise legalised gambling in Texas.

Casino gambling would be authorised at a “limited number of destination resorts and facilities” with the proceeds going towards tax relief and funding for education and public safety.

The amendment’s author is Houston-based state senator Carol Alvarado, a Democrat who initially pre-filed the bill on 14 November 2022.

Read full story on iGB North America

January 6, 2023

Ohio fines BetMGM, Caesars, DraftKings $150k for ad violations

The Ohio Casino Control Commission (OCCC) announced it is seeking a $150,000 (£126,000/€143,000) fine each from BetMGM, Caesars and DraftKings for advertising violations.

According to the regulator, the three operators, or their affiliates, all ran sports betting ads on multiple platforms that were in violation of both Ohio law and administrative rules relating to advertising and promotions.

“The sports gaming industry has received multiple reminders of the rules and standards for advertising and promotions, yet continues to disregard Ohio law,” said OCCC executive director Matthew Schuler. “These repeated violations leave the Commission no choice but to pursue administrative action to bring operators into compliance. The Commission takes responsible gambling seriously – and expects the industry to value the same.”

Read the full story on iGB North America

January 5, 2023

Massachusetts approves Barstool betting license, but will also investigate brand

The Massachusetts Gaming Commission (MGC) has voted to approve Penn Sports Interactive and its Barstool brand for a sports betting license, but only under certain conditions, including cooperation with an investigation.

The decision followed multiple public meetings between Penn representatives and the MGC where the commissioners grilled the Barstool-operator on several items. Among the topics under discussion was concerns over the Barstool brand and its controversial founder David Portnoy.

In particular, there were questions over the connection between the Barstool Sports, a media organisation founded by Portnoy, and the Barstool Sportsbook, the Penn-owned betting platform.

[Read full story on iGB North America]

January 4, 2023

Bill proposed in Connecticut to ban greyhound racing

A bill has been proposed in the Connecticut General Assembly that would ban both greyhound racing within the state, as well as stop operators simulcasting racing from out-of-state locations.

Proposed House Bill 5042 – put forward by two Republican and one Democratic legislators – currently has been referred to the committee of public safety and security.

The individuals who proposed the bill are Representative Klarides-Ditria from the 105th district, Representative D’Agostino from the 91st district and Senator Somers from the 18th district.

Read the full story on iGB North America

January 4, 2023

SkillOnNet & Bet-at-home get German slots licences as new regulator takes over

SkillOnNet and Bet-at-home have become the latest operators to be licensed for online slots in Germany, as its federal regulator takes full control of gambling in the country.

The licence issued to SkillOnNet enables the provider to offer online slot games across all of its brands in Germany.

Bet-at-home, meanwhile, was granted a licence for online slot games alongside an extension of its sports betting licence.

SkillOnNet has said that it will be focusing on using its German-facing brand, DrueckGluek.de, which has established a presence in the country since 2015 since gaining a licence to operate in Schleswig-Holstein under the old regulation system.

Michael Golembo, sales and marketing director for SkillOnNet said: “Having the official German licence means SkillOnNet players will be part of a fully regulated experience, feeling more confident, safe and secure, many for the first time.

“It’s also a recognition that we meet the high standards of the German licensing regime and are..

January 3, 2023

Top Sport handed another fine in Lithuania

Lithuania’s Gambling Supervisory Authority has issued Top Sport with another fine after it was again found to have breached regulations in the country regarding CCTV at its retail betting facilities.

Top Sport was fined €15,000 (£13,273/$15,854) over the improper installation of a digital video recording system at a betting and slots location in Vilnius.

During an inspection, the Authority found that the image quality of videos was poor and the actions of employees working at the cash desk in the facility were not clearly visible in the footage.

The Authority also said that the way the video cameras were installed meant it was not always possible to see how much money was being paid in by and out to customers.

This, the regulator said, was in breach of Article 15, Paragraphs 2 and 3 of the Lithuanian Law on Gambling.

In addition, the Authority said certain parts of video recording at the betting facility were not saved, which constituted a further breach of regulations, namely P..

December 21, 2022

Industry insiders say New York Times series paints unfair picture

State lawmakers and stakeholders in the gaming industry have taken aim at the New York Times for its critical reporting on the expansion of US sports betting just as the industry met in Las Vegas to discuss best practices related to responsible and problem gaming. By Buck Wargo.

In late November, the New York Times, in a year-long investigation, outlined how the industry lobbied state officials with gifts and contributed millions in campaign donations to spur expansion after the repeal of PASPA in 2018.

The series depicted how ads on television and websites for making bets had become unavoidable and outlined the consequences to public health, taxpayers and the sports world.

The Times wrote that lawmakers gave out tax exemptions, which ultimately subsidised operators’ luring of patrons with free bets and other promotions, and found promises of tax revenue haven’t materialised.

When it comes to responsible gaming, the New York Times said the industry has been “creative in devising wa..

December 20, 2022

BetMGM granted Massachusetts betting licence, but with strings attached

BetMGM and MGM Springfield have both been granted sports betting licences from the Massachusetts Gaming Commission (MGC), but conditions were attached to the licence of the former.

Issued with a category 1 sports wagering operator licence for Massachusetts, MGM Springfield is now allowed to operate betting at a land-based facility, as well as on up to two online platforms.

One of its online skins will be provided by BetMGM – an MGM-Entain joint venture – which was also awarded a temporary category 3 sports wagering operator licence. However, this came only under certain conditions.

BetMGM and MGM Springfield had initially applied individually for a Massachusetts sports betting licence. However, the relationship between the two entities created complications as MGM Springfield initially answered questions on the application with reference to BetMGM’s documentation.

As a result, the regulator delayed the vote on approving the licences until yesterday (19 December).

Massachusetts re..

November 28, 2022

Kahnawàke council launches legal challenge against Ontario igaming laws

The Mohawk Council of Kahnawàke (MCK) has launched a constitutional challenge against iGaming Ontario and the attorney-general of Ontario, arguing that the province’s regulation of gambling is unconstitutional.

The Council – which runs its own gambling licensing regime – said that the Ontario regime did not meet the requirements for gambling outlined in Canada’s constitution.

As a result, it has filed a motion in the Ontario Superior Court of Justice to challenge the legality of Ontario’s igaming framework, which it said was “illegal and unconstitutional”.

Ontario igaming legal status

Commercial betting and gaming are legal in Canada only if it is “conducted and managed” by a provincial government. While in most provinces that offer online gambling, the government runs a monopoly, Ontario instead launched a licensed regime this year, with more than 30 different licensed operators so far.

While a specific definition of conducting and managing is not provided, the Mohawk Council of ..

November 28, 2022

Dutch operators under tax investigation for pre-2021 activities

The Dutch government has published a memo revealing that – as of last year – eight operators were under tax investigation for their activities in the country before it regulated online gambling, with authorities planning to look into seven more.

The memo was dated 28 October 2021 – four weeks after the Dutch online gambling market launched. The memo was written by the Corporate Service for Professional Technology (CD VT) within the Tax and Customs Administration and was sent to “Dutch online gambling companies”.

It was revealed last week following a freedom of information request.

The memo said that – prior to the launch of regulated online gambling – a number of operators made money from the Netherlands that should have been subject to tax, but that these taxes were not paid.

These companies, it said, were in practice based in the Netherlands but on paper were listed as being from other countries in order to escape taxes.

In particular, the companies with unpaid tax bills were t..

November 28, 2022

World Series of Politics Episode 8: Midterms, Maryland, Minnesota and Texas

In episode eight of the World Series of Politics, Brendan Bussmann of B Global Advisors and Brandt Iden, now Fanatics Betting and Gaming's newly appointed vice-president of government affairs, take on California, Minnesota, Texas and Maryland.

We kick off this week’s podcast by congratulating Brandt Iden, who has taken on a major new role as vice-president of government affairs for Fanatics Betting and Gaming.

California sports betting hopes crash land

Our dynamic duo start off by picking over the wreckage of California’s sports betting ballot measures, reflecting on what went so disastrously wrong.

Is Minnesota in play?

Next they run the rule on the other states where the Midterms have heralded change. Brandt is surprised by the Democrats’ clean sweep in the Gopher State, but that could create opportunities for the industry.

The party’s strong relationship with the tribes facilitate legal Minnesota sports betting in 2023. Remember, there’s more on the Midterms from Brenda..

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Tag: regulation