Brazil passes gaming regulation bill

Peru's Congress has successfully passed a set of amendments to rectify loopholes and errors present in the original 2022 gaming law designed to regulate remote gaming and sports betting within the country. Peru's Congress revises gaming law for clarity and fairness The initial law, known as Law 31.557, was hastily approved and enacted in August 2022, but it immediately faced criticism from industry stakeholders who referred to it as a "Frankenstein" piece of legislation, as it appeared to be a patchwork of provisions borrowed from different pre-existing bills. During a plenary assembly held on the night of May 25, Peru's Congress gave the green light to Bill no. 3595/2022 in order to address the shortcomings of the law. Lawmakers aimed to clarify certain concepts and define their scope through this draft. One notable amendment pertains to Article 40 of the original law, which had inadvertently created a loophole that could be interpreted as granting foreign-based companies the ability to obtain licences without being subject to the 11.76 percent revenue tax. The revised legislation now ensures that both foreign and Peruvian companies are obligated to pay this tax. Moreover, several changes have been introduced, including an increase in the financial guarantee required for approved operators. Previously set at 200 Peruvian tax units (UITs), equivalent to approximately US$270,000, the guarantee has been raised to either 600 UITs or 3 percent of the operator's annual gross revenue, whichever is higher. Additionally, the amended law allows foreign residents and tourists to register and engage in gaming activities with Peruvian operators while in the country. The original law restricted registration to Peruvian nationals, despite allowing foreign players to participate in land-based casinos. Furthermore, licensed online gambling operators will now have an expanded list of permitted domains, including dot.com, dot.com.pe, dot.pe, dot.bet, and dot.bet.pe. This amendment rectifies the previous restriction that only permitted the use of the domain dot.bet.pe, which opponents successfully argued would impose unnecessary migration costs on operators. [caption id="attachment_848045" align="aligncenter" width="750"] The Congress of Peru is housed in the Legislative Palace, situated in Lima, Peru's capital.[/caption] An amendment to Peru's penal code In a significant development, the forthcoming legislation to regulate online gambling in Peru will bring about corresponding changes to the Peruvian Penal Code. This means that once the regulations are implemented, operating as an online operator without a licence could potentially constitute a criminal offence. The amendment to the Penal Code can be observed in Article 243-C, which stipulates penalties ranging from one to four years of imprisonment. Carlos Fonseca Sarmiento, a prominent gaming lawyer from Peru, expressed his concerns about the 120-day period that elapses between the publication of the regulatory decree for online gambling and the actual enforcement of the law. Writing for Yogonet, a Spanish-language media outlet, Sarmiento noted that despite the extension of the transition period from the current 60 days to 120 days, he remains apprehensive. He believes that this duration may not provide adequate time for operators currently operating in the grey market to undergo a legal transition or for Peru's Ministry of Foreign Trade and Tourism to manage the anticipated surge in licensing applications. The next crucial step for the online gambling law is for President Dina Boluarte to officially promulgate the legislation within 15 days, thereby setting the amendments into legal motion. This action will mark a significant milestone in the ongoing process of regulating online gambling in Peru.

Have you secured your tickets to the SiGMA Americas Summit?

Prepare yourself for an exceptional event as the SiGMA Americas Summit arrives in Brazil this June. Brace yourself for an extraordinary gathering that guarantees a treasure trove of cutting-edge knowledge, revolutionary insights, and an abundance of invaluable networking prospects. Don't let this incredible opportunity slip away! https://youtu.be/pacxEujDOYM

The US District Court issued a lawsuit against Apple, accusing the technology giant of hosting, facilitating and profiting from illegal social casino apps A new lawsuit issued by the US District Court accuses Apple of unlawfully profiting from social casino apps. The main compliant lies in the free-to-play social casino apps, from which Apple takes a 30% stake. It is also reported that Apple shares underlying data from these apps to developers. (more…)

Casino sector in Peru is in stage 4 of the Peruvian economic reactivation plan and casinos are expected to reopen next month  Casino Sector has been facing a difficult moment since the establishments had to close down as measurements during the pandemic. Carlos Canales, president of the National Tourism Chamber (CANATUR), commented that August is the most expected month for the casino sector in Peru. He mentioned that together with bars, discos and markets, which are in the stage 4 of the Peruvian economic reactivation, casinos will also have to comply with the robust security protocols in order to reopen.  (more…)

An announcement is expected from global gaming and entertainment group Flutter regarding the imminent appointment of John Byrant as the new Chairman. The position has been occupied by Gary McGann since 2015. Flutter Entertainment valued at around US $30 billion is listed on the FTSE 100. It is reported that the company will finalise an additional listing on the US Stock Exchange. Flutter may well leave a lasting impact on global gaming if its valuation exceeds US $45 billion after its listing in the US because it will outrank Las Vegas Sands as the "most valued gambling global enterprise". One of its brands FanDuel has achieved a significant share in the US market and has been named as the "outright market leader in US sports betting". In 2022, FanDuel became Flutter’s largest revenue-generating business, in which it amassed gross gaming revenue (GGR) of US $2.8 billion which is 34 percent of the group total. Despite the large revenues, EBITDA losses stood at US $358 million - an unprofitable result that Flutter will need to reverse very quickly. The US listing will boost the company's presence on a global level and make a positive impact with its investors and clients. The US listing would also give the company better access to capital markets and increase its exposure to US investments. Ultimately this would bring Flutter more flexibility with its assets and investments and facilitate much better liquidity within its investment portfolio. At this point it also seems likely that the US may well become a primary listing for Flutter. Proven expert in leading US corporates The strategic engagement of a new Chairman with the pedigree that John Byrant brings to the table will contribute to the success of the US listing. It is believed that talks with John Byrant about the new role are at an advanced stage report reliable sources. Byrant is globally recognised name in the corporate world as a proven expert at the helm of US based companies. Speculation is also rife that his appointment may eventually see Flutter abandoning its presence on the London stock market in favour of a primary listing in the US markets. Considering Bryant's previous experience, it leaves no doubt that he will drive the process of expanding Flutter's presence in the US. Kellogg, Macy's, Coca Cola and Flutter? Australian-born John Bryant is former President and Chief Executive Officer of Kellogg. He took up the position in 2011. A chartered accountant by profession, he retired from the company in 2017. Byrant received an MBA from Wharton and serves on the board of a number of top tier companies that include Macy's, Coca Cola and Compass Group. Later this month, Flutter will hold its annual investor meeting where shareholders will be invited to vote for the company's proposal for a US listing. Reports indicate that shareholders have expressed "positive feedback" to to listing on the US stock exchange before year-end 2023. Related topics: Divestment value of Casino Filipino too high says Morgan Stanley Illegal operators a problem for business society and state SiGMA Insight: Gaming in Thailand STOP PRESS:  SiGMA Americas – World iGaming Festival will take place in Sao Paolo from 14 -18 June.  

Ministry of Finance estimates that this move can bring a contribution of at least $200m in annual revenue to the state The current state of the mobile and online sports betting bill is currently being drawn up in its final stages to be presented to Congress. (more…)

SOFTSWISS, an innovative software solutions provider for the iGaming industry, announces its participation in SiGMA Americas This B2B event is set to take place on 14–18 June at the Transamerica Expo Center and is expected to attract key players in the Latin America online gambling industry. SOFTSWISS is set to showcase its top-performing products at SiGMA Americas in São Paulo as a part of its strategy of expansion to the regional market. Attendees will have the opportunity to learn about SOFTSWISS products including the company's flagship Casino Platform, its exclusive features, latest releases, and valuable benefits. Additionally, guests can discover the betting potential of the Sportsbook, and explore the diverse and ever-growing content portfolio of the Game Aggregator. SOFTSWISS representatives will be available at stand D80, eager to discuss the advantages and benefits of the company's products in the Latin American region, as well as explore exclusive offerings with visitors. As an experienced industry player, SOFTSWISS will also share its expertise at the speaking panel with ‘Data-Driven Strategies for iGaming Engagement and Risk Management’, which is going to become one of the most interesting topics of the conference. Alongside other participants, SOFTSWISS experts will be a part of the discussion of the data-driven approach and its influence on business metrics. Andrey Starovoitov, Co-CEO at SOFTSWISS, comments on the SOFTSWISS participation in SiGMA Americas: “Attending the biggest event in the region is a strategic move for us. This year we chose Latin America as one of the main vectors for SOFTSWISS’ growth. Here we see not only tremendous and rapid growth of the market but also a large number of potential partners who are close to us in spirit and values. We are thrilled about the upcoming SiGMA Americas event and cordially invite all our partners and potential clients to visit the SOFTSWISS stand!” SiGMA Americas SiGMA Americas is coming to Brazil this June. An unmissable summit that promises key insights, a wealth of industry leading knowledge, seminal speakers and keynote addresses along with a phenomenal plethora of premium networking opportunities. https://youtu.be/pacxEujDOYM

Preliminary revenue turnover figures for March, published by two US states – Maryland and Ohio – are sending out clear indications that the gaming industry is on a rebound after the Covid-19 ‘crises

By Buck Wargo – SiGMA US correspondent

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Red Rake Gaming, one of the industry's better known game development companies has established a new content partnership deal with the Colombian company Rivalo

Such a deal will see Red Rake Gaming expand its presence within such an emerging and growing market.

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Pragmatic Play acquires Colombian Certification for live casino games Pragmatic Play is further strengthening its position in LatAm by receiving an official certification for operation in Colombia by the well-known and respected testing and compliance laboratory Gaming Associates. (more…)

As a prelude to SiGMA's grand debut in Toronto, world-class lawyers Ron Segev and Negin Alavi elaborate on why now is the most critical moment for the industry's future in Canada's provinces The iGaming market in Canada's provinces is huge, and it’s only going to get bigger for B2C operators in 2022. There has been a lot of excitement around the potential size of the newly opened Ontario iGaming market, and for good reason. Residents of Ontario alone spend almost $1 billion a year on online gambling. With such significant financial and other interests at stake, it makes sense that decision-makers are taking notice and taking action. The two biggest recent legal reforms for Canadian iGaming over the past twelve months have been the legalization of single-event sports betting on August 27, 2021; and Ontario’s launch of a new regulated iGaming regime on April 4, 2022. These reforms work together to take a big step towards curbing the unregulated grey market that many Canadians turn to gaming and betting. For the first time, private iGaming B2C operators can register with the Province of Ontario to market directly to and take bets from one of the largest, if not the largest, regulated iGaming markets in North America. [caption id="attachment_553086" align="aligncenter" width="750"] Canada has the genuine potential to become an iGaming superpower.[/caption]

Canada’s iGaming Landscape: A Brief Overview

The Criminal Code of Canada makes iGaming illegal in Canada unless the iGaming activity is conducted and managed by a provincial government. In order to stay on-side of the Criminal Code provisions outlawing iGaming generally (and on-side of the constitutional authority granted to the provinces under our Constitution), the Provinces must be the operating mind of the iGaming activity. Any sports betting or gaming sites in Canada's provinces must, therefore, be conducted and managed by a provincial government.

Single-Event Sports Betting: Canada's provinces push It over the goal line

Before Canada legalized single-event sports betting, the Provinces were only legally allowed to offer parlay betting. A parlay bet is a bet on the outcome of more than one event at the same time. Most bettors prefer to bet on single events, and the restriction previously imposed by the federal legislation had cut the Provinces out of serving this large market demand. The vacuum was filled by offshore operators, and as that action goes offshore, so does provincial revenue. Now that Canada has come up to speed and legalized single-event sports betting, Canadian punters can bet on the outcomes of single sports events and the gaming industry in Canada can enjoy the benefits that come with that. Any Province can now conduct and manage single-event sports betting offers. Opening an iGaming regime in a market of this size while the legacy parlay betting requirement was still in place would have been missing a big opportunity to welcome the international industry to participate fully in the market. Now that the Provinces can offer single-event sports betting, Ontario’s iGaming regime can truly be competitive with the unregulated grey industry. It allows for registered iGaming operators to legally offer catalogues that many consumers in Ontario have already come to know and enjoy.

Ontario: All In on iGaming

The Ontario government has officially opened its market to third-party B2C operators who are registered with the Alcohol and Gaming Commission of Ontario. Because of the Criminal Code of Canada, Ontario can’t simply license private iGaming operators to carry on business in Ontario subject to hands-off oversight; it must continue to conduct and manage the gaming sites offered by registered iGaming operators. Still, Ontario working together with registered iGaming operators, rather than competing with them, makes sense for the iGaming industry in Canada. Private operators are incentivized to innovate in order to provide the best gaming experience possible to consumers, and consumers in Ontario have consistently shown a preference for the gaming options provided by private offshore iGaming businesses. The Ontario government expects to reap substantial tax revenues previously lost to these unregulated gaming and betting operators.

Where We’re Headed: Better Regulations, Better Outcomes

Now that both legislative reforms have come into effect, the iGaming industry in Canada is more likely to see:

• better regulations that allow for consumer protection, responsible gaming, and the reduction of gambling-related harm;
• more taxable income that grows the Canadian economy; and
• potential job creation for emerging Canadian iGaming companies or foreign iGaming companies seeking to set up shop in Canada.

This last point should not be glanced over. Since the inception of iGaming in the late 1990’s, Canadian companies have been at the forefront of the industry. Unfortunately, the Canadian legal regime did not develop along with the industry. Many of our best companies and industry professionals moved offshore and developed London, Malta, and other cities into iGaming hubs by doing so. Toronto, Montreal, and Vancouver, which are historically and currently host cities to some great iGaming companies and talent, could have realized the same. Hopefully the recent legal reforms will see the Canadian industry achieve its true potential.

The ROC: What About the Rest of Canada's provinces?

Our clients frequently ask us when the rest of Canada will “open up”. Many operators have experience with the regulatory dominoes falling in the United States, with more U.S. states adopting regulated sports regimes every quarter. Unfortunately, we don’t expect the same to happen in Canada, at least in the short to medium term. A review of the ROC, moving from the west coast to the Atlantic provinces, will show why we think other provincial governments will wait and see. British Columbia British Columbia’s iGaming market is Canada’s third largest market. The Gaming Policy and Enforcement Branch (“GPEB”), is B.C.’s gambling regulator. In 2019, in response the Peter German Reports “Dirty Money” which reported on money laundering issues in B.C.’s casinos, the B.C. government had planned to establish an independent Independent Gambling Control Office (“IGCO”). The plan has been to transition GPEB into IGCO due to concerns about a potential conflict of interest with GPEB both enforcing gambling policy and advising the government on business matters to do with the B.C. provincial government’s gaming and betting corporation, British Columbia Lottery Corporation (“BCLC”). The plan has been to separate the regulator from decisions about revenue generation and other potential conflicts. However, the transition has been delayed for some time, and GPEB remains the government body that regulates all gambling in B.C., including regulatory oversight of BCLC. It remains to be seen when IGCO will be up and running, if at all. The transition would require an amendment to the Gaming Control Act and while some people working for the BC gaming regulator are pushing for an amendment to what is 20 year old laws and regulations, such amendments take time. BCLC offers gaming options like lottery products and iGaming through its website www.playnow.com. Given the relative success it has seen, we don’t foresee B.C. changing its gaming and betting regime – at least in the short term. In its 2020/2021 financial performance release, BCLC reported that www.playnow.com alone brought in revenues of $421.4 million. The report stated that

[f]iscal year 2020/21 revenues represent an increase of $242.4 million from prior year and exceed budget by $230.7 million.

Furthermore, BCLC is based in Kamloops, with a secondary office in Vancouver. Each of these offices employ hundreds of people. Kamloops has a growing population of over 90,000, with approximately 50,000 people working in the city. Traditionally a resource-dependent economy, these BCLC jobs are valuable to the Kamloops community. With strong financial returns and job creation for B.C., we believe B.C. may to want to wait and see how Ontario’s iGaming regime fares before trying something new with its gaming sector. Our sources have informed us that B.C. is actively looking at how the new Ontario iGaming regime will perform but we don’t believe that there will be changes to iGaming in B.C. in the short term. Alberta Alberta Gaming, Liquor and Cannabis (“AGLC”) has taken an interesting approach towards revitalizing its gaming and betting market. Currently, AGCL offers www.playalberta.ca as the only regulated online gambling website in the province. It offers a variety of iGaming products and lottery options. Recently, AGLC put out two requests for proposals to help implement legal sports betting on www.playalberta.ca, and the two sports book operators selected will be announced later this year. In a news release, AGCL has stated:

AGLC is working towards retail and online sports betting options with mobile extensions, to be established in 2022. As a first step in this process, AGLC is seeking two proponents to provide some flexibility and options in the first phase, and will consider additional opportunities as the market continues to develop.

Given these decisions, it seems that an Ontario-style iGaming regime is unlikely, as Alberta has chosen a different path for the moment. Saskatchewan Saskatchewan Liquor and Gaming Authority (“SLGA”) operates and regulates many forms of gaming in Saskatchewan and registers all provincial gaming employees and suppliers. SLGA acts on behalf of the Province when it comes to gaming matters. The Saskatchewan Indian Gaming Authority (“SIGA”) is an experienced land-based operator that has been operating in the province since 1995, established as a non-profit to create economic opportunity for First Nation people and to give back to Saskatchewan. SIGA has recently been named the provincial operator of online gaming in Saskatchewan, and in 2021, the Federation of Sovereign Indigenous Nations and the Province signed a revenue sharing agreement and established a 50/50 revenue split between them. SIGA is responsible for coordinating implementation of the agreement on behalf of the province. For Saskatchewan to change this partnership’s dynamic by adopting an Ontario-style iGaming regime and open the market to private operators, terminating SIGA’s exclusive iGaming mandate in the province, would be a political mistake of national proportions. Considering this current political and social climate, it is very unlikely therefore that Saskatchewan would adopt an iGaming regime similar to Ontario in the near future. Manitoba Manitoba Lotteries works to offer residents of Manitoba gaming and betting products, including casinos and VLTs. In partnership with BCLC, Manitoba also offers online gaming to Manitobans through BCLC’s www.playnow.com. BCLC provides site design, development, and management of most aspects of the website. PlayNow’s online revenue continues to grow, and Manitoba continues to benefit from that growth: 2020/2021 revenues brought home $72.4 million. The partnership is ongoing. Given the smaller size of the Manitoba market and the ease and profitability of their arrangement with BCLC, it’s likely that Manitoba will stay the course for now. Québec Québec is home to Canada’s second largest iGaming market by population. Loto-Québec is Québec’s gaming and betting corporation, offering a range of gaming products such as lotteries. Loto-Québec has several subsidiaries, such as Société des casinos du Québec, which runs casinos in the province. Québec presents unique barriers to offshore operators entering its iGaming market, such as Québec’s unique consumer protection, privacy, commercial, and language laws that may make compliance more cumbersome for the broader market. As a result, despite the size of the market, it may be less attractive to many operators who don’t have the ability or interest to comply with Quebec's unique legal regime. Québec’s current iGaming regime may also be profitable enough to discourage provincial experimentation with the current model. The website run by Loto-Québec, www.espacejeux.com, offers a variety of iGaming options. From April 1 to September 27, 2021, Loto-Québec generated $135.9 million from its online gaming alone. Based in Montreal, Loto-Québec also has thousands of employees, with approximately 1500 of those employees working outside land-based casinos. For these reasons, its possible Quebec will be slow to implement a change to their iGaming regime and will be adopting a “wait and see” approach instead. Atlantic Canada The four Atlantic provincial governments, being a relatively small market, came together to establish the Atlantic Lottery Corporation. Held by the New Brunswick Lotteries and Gaming Corporation, the Nova Scotia Gaming Corporation, the Prince Edward Island Lotteries Commission, and the Province of Newfoundland and Labrador, Atlantic Lottery offers everything from draw games to online gaming experiences, returning profits back to Atlantic Canada. Atlantic Lottery Corporation has more than 600 employees. For four Atlantic provinces to manage a single iGaming regime with multiple global operators and suppliers, while technically feasible, may be a political and administrative hurdle too difficult to overcome. Secondly, given that Atlantic Canada has a relatively small market that may not attract a large number of operators, the business case for adopting a new Ontario-style iGaming regime may not be compelling enough to warrant the Atlantic provinces to undertake such a large overhaul of their current iGaming regime. With respect to the administration of such a regime, there are many questions that would need to be answered. What would the Atlantic Canadian equivalent of iGaming Ontario look like? How would point of consumption taxation work? Where would the jobs be located? While there are answers to these questions, we suspect that given the size of the market, the four Atlantic lottery corporations and commissions may not be compelled to take on the task of creating its own Ontario -style iGaming regime any time soon. Territories Northwest Territories, Yukon, and Nunavut’s gaming markets, even when combined, represent a very small gaming market compared to other parts of Canada. These Territories do not offer a separate online gaming website. Both Lotteries Yukon and NWT & Nunavut Lotteries work with the Western Canada Lottery Corporation, which is described as “a non-profit organization authorized to manage, conduct and operate lottery and gaming-related activities as agent for its Members” and in which Yukon, Northwest Territories and Nunavut participate as associate members. Given the size of the market and current lack of online gaming resources by the Territories, it would be very unlikely that they would adopt an Ontario-style iGaming regime in the near future.

Only Time Will Tell What Comes Next

Given how Canada's provinces has never seen anything like Ontario’s new iGaming regime, the Provinces and Territories are watching closely to see how it all unfolds. If Ontario’s iGaming regime is a huge success, developing a thriving industry and generating good jobs, then the chances of other Provinces and Territories following suit will be much higher. Only time will tell how Canada’s provincial gaming and betting sectors will evolve – perhaps this is the very beginning of a new era in Canadian gambling? If you’d like to learn more about Ontario’s new iGaming regime, have questions about legalized sports betting in Canada, or have any other gaming-related questions, contact our talented and knowledgeable lawyers at Segev LLP at 604-629-5400 or via email at [email protected]. This article was penned by Ron Segev and Negin Alavi. Ron Segev is the Founding Partner at Segev LLP, a full solutions law firm with a specialization in interactive entertainment including online gaming and esports. Ron has assisted operators, platforms, data companies, marketing companies and other businesses in the industry on regulatory and compliance, M&A, commercial, capital finance and other issues. Ron has been rated as a Band 1 gaming lawyer by Chambers and Partners – their highest ranking - and is also a General Member of the International Masters of Gaming Law.     Negin has a practice that focuses primarily on general commercial and technology matters. She also has extensive experience with writing legal opinions and editorial pieces on areas of the law such as online gambling, charitable gambling licensing, video games, and cryptocurrency. Negin received her J.D. from the Peter A. Allard School of Law at the University of British Columbia in 2020. She also has a B.A. in Philosophy and English from Simon Fraser University. Negin was called to the Bar in September 2021.     Join us for SiGMA Americas – Toronto: Toronto is the perfect hub for SiGMA’s growth in North America, making it a nexus of networking and business development in the region with regards to land-based, iGaming, sports betting, and more. Playing host to a massive iGaming industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards. To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on [email protected].

Pragmatic Play has made its Live Casino products available to several EveryMatrix casino clients in Europe and LATAM The online casinos will have access to Pragmatic Play’s growing Live Casino offering, including the recent launch of Roulette and Blackjack Azure. Pragmatic Play’s Live portfolio greatly expanded in the past period, with Mega Sic Bo, localised Roulette games and Speed variants of a wide array of casino classics included. The partnership with EveryMatrix marks another commercial deal signed for the provider’s Live portfolio, following on from similar agreements with BlueOcean Gaming and 888 in recent weeks. Lena Yasir, Vice President at Pragmatic Play, said: “Seeing our burgeoning Live offering made available across EveryMatrix’s clients is very exciting for us as we look to grow in the vertical. “Our product range continues to excel, and we look forward to the response from EveryMatrix’s partners.” Amund Stensland, COO of CasinoEngine at EveryMatrix, said: “We’re delighted to take Pragmatic Play’s Live Casino portfolio and offer it through our CasinoEngine platform to our clients. “With a range of titles that appeal to players of varied demographics, we can’t wait to see how their games are received by our customers.” Pragmatic Play currently delivers up to four new slot titles a month, as well as an extensive range of Live Casino and Bingo products through its multi-vertical offering. The company’s entire portfolio is available through a single API integration. (more…)

September 24th marked the start of AIBC Americas Digital Summit where moderator Elena Obukhova founder of FAS (Fintech Advisory Services) was joined by veterans in the market namely Etienne Luquet of Legal Lab, and Jose Antonio Lanz Diaz of Decrypt Media to discuss cryptocurrency regulations in LatAm.

Status of Cryptocurrencies in LatAm 

Latin America is one of the fastest growing regions, in terms of the Crypto adoption so what is the current status of the Crypto currencies in Latin America? 

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Entercom has purchased the sports data platform outlet, QL Gaming Group, for a reported $32 million in their quest for digital growth 

Entercom Communications Corp, the Philadelphia based company, has announced that it has come to a final agreement to acquire the QL Gaming Group, a sports data and igaming affiliate program. This deal will provide Entercom's sports broadcast stations with data analytics and insight driven content provided by QL Gaming Group.

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The company’s bid will also offer additional investment opportunities in the project for small, Richmond-based minority companies and individuals By Mark R. Smith, US Correspondent (more…)

The Government of the South American country of Argentina has taken the decision to officially raise tax generated through online gaming come 2021 Online gambling is in its infancy within the South American region and thus, has only just been regulated, but this does not seem to discourage authorities from approving a tax increase for the sector. Such a rise on tax will see online operators pay 5% which is a 3% increase from 2020. (more…)

Revenue of land-based casinos remains low, after online gambling had gained traction during the pandemic A lack of recovery of traditional brick-and-mortar casino revenue in New Jersey and Pennsylvania compared to other states is raising “concerns” that iCasinos are cannibalizing retail properties and further jeopardizing expansion to other states, a new analysis from a Wall Street firm shows.  (more…)

Ontario operators took CAD $6.04 billion (USD $4.4 billion) in bets in 2Q22, according to iGaming Ontario, which was presenting its second quarterly report since the market opened in April. According to the report, the total wagers stood at CAD $6.04 billion ($4.4 billion), not including promotional bets and bonuses. This represents approximately CAD $2 billion more than the CAD $4.07 billion bet in the first quarter. Ontario started its commercial iGaming market on April 4. Total gaming revenue came in at CAD $267 million ($192 million), 48% higher than CAD $162 million in the first quarter, and includes total cash wagers and all fees across all operators from July 1 to September 30, 2022. Player winnings derived from cash bets and operating costs, or other liabilities are not included in this amount. As of September 30, 2022, there were 24 operators and 42 gaming websites in total. Average player to spend approximately CAD $142 per month iGaming Ontario has a total of 628,000 active player accounts, meaning accounts with cash and/or promotional wagering activity. However, these accounts do not represent unique players, as users are enabled to have accounts with multiple operators. It is estimated that those players spend an average CAD $142 per month. The report includes all iGaming operators licensed with iGO from July 1 through September 30, 2022. As such, it does not include OLG’s iGaming offering. Ontario established itself as a leader in Canada by fully embracing iGaming, transforming it into a critical new market. Established in July 2021 as a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), iGaming Ontario brings online gambling experiences to the people of Ontario in a safer environment. According to the official website, the agency will sign commercial deals only with operators who meet rigorous game standards and operator integrity, fairness, protection, and social responsibility, allowing all players to play confidently. Join us: 14 - 18 November 2022 MALTA Being one of the first European countries to regulate the gaming sector, Malta is a hub of global business. The island is an obvious choice for SiGMA's presence in Europe and a strong foundation for the field's future. With a plethora of prospects for both investors and entrepreneurs looking to shape the future of this multi-billion dollar business, Malta Week will bring together industry giants among the affiliates, operators, and suppliers of the gaming sector. Our networking activities, including the extra cultural excursions, dinners, and networking drinks are solely open to Premium and Platinum ticket holders. Choose your ticket type here. https://www.youtube.com/watch?v=bksUbhwSal8&t=1s  

Brendan Bussmann, the director of government affairs with Global Market Advisors, a consultant who tracks state legislative action across the country, shares with SiGMA the latest in the US sports betting market By Buck Wargo, SiGMA US correspondent He told SiGMA that many of the US states are currently moving towards enacting new legislation to make up for the loss of state revenue from the pandemic. (more…)

GTG Network announced a partnership with Penn National Gaming, Inc. for its iSport Genius data insights and sports content to be a part of  the eagerly-awaited new Barstool Sportsbook mobile app Penn National announced that the Pennsylvania Gaming Control Board (“PGCB”) has approved a live, real money test period for its Barstool Sportsbook  app in Pennsylvania from September 15-17.    (more…)

A recent amendment to Sen. Matt Klein’s sports betting legalisation bill has re-infused Minnesota's hopes of a statewide gambling expansion. 37 US states currently adhere to legislation that regulates and permits the operation of sports betting activities on various diverse levels. Minnesota is one such state which has as of yet been unable to follow suit. This amendment is another effort in the push to legalise sports betting at a state-wide level, with authors of the legislation passing a bill off the floor last year which would have seen Minnesotans over the age of 21 allowed to place bets at casinos or through online sportsbooks. Issues arose in the detail that Native American tribes were offered, as owners and operators of casinos, exclusive licences for sports betting activities. A factor that was not favoured by Republicans who preferred the bill to to consider race tracks, thus the proposal did not make it through the entirety of the legislature. Under the Senator’s amended plan, sports betting would be taxed at 10%, with 30% of this annual sum being allocated to a development fund for the state’s race tracks, capped at $20 million. In addition to this fee, the tracks will also split a further $3 million per annum. Tellingly Senator Klien expressed an optimistic stance stating “if people are motivated to get something done, then they will”. Despite Klein’s positivity however, the tracks are not so exuberant about the bill’s success, as they are currently seeking a more significant role in Minnesota’s gambling expansion. Representatives of 2 race tracks have spoken at a committee hearing against the bill. Ideally the race course could be permitted to offer sports betting themselves as CEO of Canterbury Park racetrack, Randy Sampson claims the 30% of tax revenue would not be even close to sufficient in compensating for their loss of direct revenue from offering their own track side sports book. Some have suggested that race tracks be permitted to operate other gambling related activities such as roulette craps to remunerate their losses. In addition to the race track’s pressure, the Executive Director of the Minnesota Indian Gaming Association testified that the casino’s support would remain unwavering even with the inclusion of the racetracks, at least in the form proposed by the amendment. In lieu of these complains and uncertainty Senator Klien made this subsequent statement:

We will continue to work with tracks to try to satisfy their concerns; that's not out of the question. But at the end of the day, each individual legislator needs to decide if they're willing to vote against a bill that is what Minnesotans are demanding.

[caption id="attachment_834366" align="alignleft" width="300"] Minneapolis, Minnesota.[/caption] There is certainly a significant market within Minnesota for sports betting. In data provided by GeoComply, Minnesotans attempted to access sports books from states that have already achieved legalisation nearly 1 million separate times during this year’s NFL season and March Madness alone. There is still much navigating to be done in order to bring sports betting to Minnesota, however, at the same time there are many options and courses of action for legislators and policy makers to consider, making success a case of decision making and perhaps not so much of luck. SiGMA Americas SiGMA Americas is coming to Brazil this June. Don’t miss out on what promises to be an extraordinary event, with a wealth of industry-leading knowledge, innovative insights and a plentiful plethora of premium networking opportunities. https://youtu.be/pacxEujDOYM

Day 3 of the SiGMA Americas x Brazilian iGaming Summit (BiS) saw our delegates engaging with even more industry insights. The panel on diversifying through Web3 was no different, bringing great expertise and advice on moving into Web3 technologies and trading in cryptocurrencies in particular. Featuring four key speakers, the panel was hosted by Andres Meneses, the Founder of Crypto OGs, a podcast dedicated to understanding and supporting the industries surrounding Web3. Transitioning into the world of Web3 The expert discussion began with an insight into the speaker’s personal journeys, focusing on their individual transitions into the Web3 space. Guilherme Guimares was the first to contribute, beginning as a sports and entertainment professional, his first foray began with investing in cryptocurrencies. Diving in from this preliminary base, he then explained how he had seen a potential for the application of Web3 technologies into entertainment. Highlighting the COVID-19 pandemic, Guilherme saw the true possibilities, as there was a great need for better connections and audience engagement. A circumstance he would then answer when founding Block Four. The same question was then directed towards Euni Wong, who prior to her movements in the Web3 space, worked as a travel blogger. Similarly to Guilherme, Euni was professionally affected by the pandemic, starting in 2019. This would lead Euni into crypto-based trading, which would eventually prove to be a decisively more lucrative endeavour than her previous profession. This she highlighted with a comparison to traditional stock trading, a far less volatile and less lucrative undertaking. The discussion then moved to Gabriel Boni, a DJ and record label founder. His journey was perhaps a more deliberate movement towards Web3, as he began by providing scholarships for gaming, similarly induced by the pandemic. His work also involved leveraging the global nature of Web3 technologies and establishing a solutions centre in São Paulo to connect global entrepreneurs and musicians. This network also gave him multiple opportunities to organise projects such as festivals within the Web3 space. Arturo Cantera, a former cyclist who transitioned to the Web3 ecosystem, spoke of starting his own company. He highlighted the necessity of staying informed and being proactive to navigate the rapidly evolving crypto industry. How to trade in the Web3 space Having explored the various opportunities for professional diversification into Web3 technologies, Euni was then asked for some key insights into her field of impressive expertise, crypto trading. She made a heavy emphasis throughout the panel on the potency of crypto trading to garner substantial profits, focusing on her particular interest which was speculative trading.

Crypto trading would be the primary, or I would say, the easiest way for anyone who wants to enter it to make a lot of money.

This involves buying and selling cryptocurrencies to make quick profits predicated on price changes. Traders aim to capitalise on short-term price fluctuations but should be prepared for potential losses. Pinpointing the key factor in the volatility of cryptocurrencies, Euni stressed how taking risks at the cost of potential losses is something she enjoys and is something that should be revelled in as opposed to feared. She also touched upon staking and how this approach can be far more stable but offers a much lower return. An option she explained could be considered for more risk-averse investors. Staking in crypto trading involves holding and locking up cryptocurrency to support a blockchain network. It allows participants to earn rewards for validating transactions and contributing to network security. Diversification into Web3 gaming [caption id="attachment_860456" align="alignleft" width="300"] Gabriel Boni.[/caption] Aimed at Gabriel’s seasoned experience on the great benefits of Web3 in the gaming industry, Boni explained how participating in the crypto community allows you to transform and earn in various ways, as it offers a unique experience when compared to traditional games and platforms. This is achieved because it promotes decentralisation and autonomous organisation. By allowing communities to come together, for example in Discord channels, one fosters collaboration and global idea sharing, creating great potential for growth and connectivity. Web3 for artists and content producers Guilherme expressed how blockchain technology is a perfect fit for the entertainment industry, addressing issues like IP control and offering opportunities for fan participation and ownership. It provides dependable revenue streams and allows for tailored offers to individual fans. He emphasised the industry’s uncertainty, and that the focus should be on working, testing, and staying involved:

It's important to jump in, learn, and gather feedback from fans and audiences to keep progressing.

The future of Web3 Arturo then concluded the panel when the discussion moved to speculation about Web3’s future. He predicted the use of blockchain to preserve in-game events and to ensure inclusivity. This means that important moments and achievements within virtual worlds can be securely recorded on the blockchain, ensuring their long-term availability and immutability. This could have significant implications for the gaming industry, as it allows players to have a permanent record of their accomplishments and experiences, enhancing the overall gaming experience. Furthermore, Arturo believes blockchain will contribute to promoting inclusivity within Web3. By leveraging decentralised technology, equal opportunities for participation and ownership will be afforded to a diverse range of individuals. Check out the SiGMA Asia Summit – The next step in your iGaming journey After the successful completion of the inaugural SiGMA Americas and BiS Summit in São Paulo, Brazil, delegates can continue their journey into the iGaming industry with the upcoming SiGMA Asia Summit. Join us in Manila this July for a PAGCOR-endorsed event that offers an immersive exploration of the Asian and Philippine gaming markets. Engage in in-depth discussions on gaming regulation, industry trends, and future prospects. Connect with key regional and global stakeholders and gain valuable insights into the industry. Don’t miss this opportunity to be a part of the SiGMA Asia Summit in Manila. https://youtu.be/PM3sNhlOQ1g

Juan Bautista Perez Hidalgo, President of Coljuegos, outlines his thoughts on the effects of the pandemic on the Colombian market in an exclusive interview to open SiGMA Americas Digital  Colombia's major gaming sector, localised games, is very much linked to the player culture in the country. Hildalgo mentions that “[localised gaming] has been hit hard by the pandemic because it has been practically closed for six months”. Rather than keep put and ride the pandemic out, many turned to online gaming and a new market was ergo untapped.   (more…)

CANACO announced that Casinos in the state of Sinaloa are waiting for the final authorisation to return to their operations by the end of July Diego Castro Blanco, the president of Culiacán Chamber of Commerce, Services and Tourism (CANACO), has announced that the state of Sinaloa has been waiting for the final authorisation by the Mexican Government to finally reopen businesses related to casinos, gyms, bars and nightclubs in the state, and the permission is expected to be released in the late July.   (more…)

A 20-year operating contract is to be signed this October for the casino to operate three gaming halls: El Bariloche, el Bolsón and Jacobacci Casino Club will be the concessionary of the mentioned gambling halls, as it was the only bidder accepting the economic proposal. (more…)

The recent victory of a man at a women's poker tournament in Florida has sparked a heated debate on social media. Controversy at Seminole Hard Rock Poker Showdown David Hughes, a 70-year-old resident of Deltona, Florida, emerged as the winner in the $250 buy-in Ladies No Limit Hold'em Re-entry event held during the Seminole Hard Rock Poker Showdown at Seminole Hard Rock Hotel and Casino in Hollywood, Florida. Hughes took home $5,555 in prize money after defeating Diana Chapton in the heads-up match. Despite the event drawing 83 entries, including 13 women, Florida law prohibits casinos from banning men from entering ladies' events, and Nevada has a similar policy. The incident has raised questions about gender identity and whether men should be allowed to participate in women's tournaments. The Ladies event at the World Series of Poker has a steep buy-in of $10,000, but women are given a 90% discount to discourage men from participating. Hughes's presence at the final table caused a stir, prompting professional poker player Ebony Kenny to set a $300 bounty on him via Twitter. Other members of the poker community matched her bounty, and it ultimately reached over $2,000, but nobody claimed it.

Playing the @WPT ladies event today, and Dave here is the only man. (Filmed w/permission!) While we appreciate the dead money, I really wish men would get what these events stand for. So I put a $300 bounty on his head and Tamra & Noah Piderit matched it. Let’s get him. pic.twitter.com/dXVZVlriAP

— Ebony Kenney | Poker & Purposeful Pleasure (@Ebony_Kenney) April 29, 2023

In certain poker tournaments, a bounty system is in place to incentivize players to knock out their opponents. Depending on the tournament's rules, the reward could be for eliminating a specific player or any player. The reward is usually in cash, rather than tournament chips. While bounties are not a common feature in professional tournaments, they do occur from time to time. Bounties are more frequently found in smaller or charitable tournaments. Kenny and other poker professionals criticised Hughes for entering the tournament, and British pro Charlie Carroll added to the conversation, making light of the idea that anyone could identify as a woman and compete in women's events. This is not the first time a man has won a women's tournament; in 2009, Abraham Korotki, a former WSOP Circuit Event Champion, won the $300 buy-in women's event. Be a part of the action at SiGMA Americas in Sao Paulo, Brazil this June The SiGMA Americas Summit is your chance to immerse yourself in a dynamic industry that is filled with new opportunities and cutting-edge innovations. The summit promises to provide top-notch industry insights, as well as a plethora of high-quality networking opportunities that you won't want to miss out on. https://youtu.be/pacxEujDOYM

Casino operators — including Monarch — are backing the campaign supporting the ballot measure

Casinos in the State of Colorado are pushing for an amendment to the constitution in order to pave the way and attract the high rollers that typically leave Colorado to gamble elsewhere.

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Rappi Apuestas - the new betting and gaming initiative, authorised by ColJuegos Rappi, the on-demand delivery app headquarted in Colombia, has just announced its new “Rappi Apuestas”, the new betting and gaming initiative by the company with which they will be able to gain access to operators authorised by ColJuegos, the Colombian regulatory body, and bet in its related services. (more…)

Chairman at the California Nations Indian Gaming Association, James Siva has leveraged tribal leadership to his advantage, protecting tribal sovereignty by giving it a strong edge in what has been a rapidly evolving industry. In an exclusive interview with Maria Debrincat, he explains how CNIGA is set to take the industry by storm.   What is CNIGA's aim and purpose? CNIGA, which is the largest regional tribal gaming association in the United States, is dedicated to the protection of tribal sovereignty by ensuring tribal governments have the right to conduct Indian gaming on federally-recognised Indian lands. It is a trade association that acts as a planning and coordinating agency for legislative, policy, legal, and communications efforts on behalf of its members and serves as an industry forum and repository of institutional information and resources. How are CNIGA's executive committee members equipped to push the organisation forward?  As an organisation that is currently made up of 40 tribal governments, it is critical that our executive committee properly reflect the unique composition of our member tribes so that all members feel heard and represented. The executive committee is comprised of four elected officers, and four elected at-large members representing the North, South, East, and Central districts. In addition, we have an ex-officio position for an associate member representative. The strength of diversity represented within our executive committee allows for meaningful discussions and ideas that benefit the membership as a whole. California is a large and diverse State and the CNIGA executive committee reflects and embraces that uniqueness. Our executive committee members, as well as many delegates of the general membership, serve on their own tribal councils and are skilled leaders in their own communities. Their experience is the lifeblood of CNIGA and guides us as an institution. Having an associate member representative on the executive committee also provides the leadership with insight from our industry partners which helps to further strengthen our partnerships with entities that do business in Indian Country. How is Tribal gaming acting as a powerful economic engine for the Californian economy? Being rooted in specific lands, often in some of the more economically challenged parts of the state, has allowed tribal government gaming to jump-start economic activities in areas that have long struggled. After 20-plus years of growth, many tribes now are the largest local employers in their areas. In terms of jobs alone, according to the California Employment Development Department, California tribal governments employed 57,800 individuals. As a point of comparison, that’s 10,000 more jobs than the pharmaceutical/medicine manufacturing industry employs in California. The overwhelming majority of tribal employees are not tribal members and are drawn from the local communities. Often, these were people who had to leave their communities to find employment or apply for unemployment benefits. Now, with tribal government gaming, tribes are able to create good, well-paying jobs, in areas that would have never seen this type of employment opportunity. And, most importantly, these jobs will never be moved out of State or overseas. What is CNIGA doing in protecting the sovereign right of California tribes to operate gaming on their lands? CNIGA’s sole purpose is the protection of tribal government gaming rights, so everything we do as an association is focused on this goal. Some of the key strategies we employ are:

• Legislative outreach to elected officials and candidates running for office.

• Public awareness campaigns.

• Following legal challenges to tribal sovereign rights, and when necessary, filing amicus briefs.

• Providing a forum for tribal leaders and industry partners to engage and discuss issues.

What attracted you to join CNIGA? My tribe, the Morongo Band of Mission Indians, is one of the founding members of CNIGA, which formed long before my time in tribal leadership. It was during the late 1980s when my tribe and the Cabazon Band of Mission Indians sued the State of California over our inherent gaming rights. That case is now known as California v. Cabazon which led to Congress ultimately passing the Indian Gaming Regulatory Act (IGRA). Morongo’s involvement reflects the continued faith that we have in CNIGA as an effective institution to protect tribal sovereignty. What's next for tribal gaming?  Well, at least in California, it seems that sports wagering and the tribal government gaming industry’s part in that is the next issue. Here in California, the voters will weigh in this November with up to three ballot measures possibly heading for the ballot. Two of these initiatives are sponsored by tribal governments, with the third being sponsored by out-of-state corporate operators. At the moment, only one ballot initiative has qualified for the November 2022 ballot.  While California tribes are not in unison on a path toward online sports wagering, there is absolutely no question that Indian Country is united in their fierce opposition to any corporate attempt to legalise online gambling or sports wagering in California. Join us in Belgrade, Serbia from the 22-25th August:  

The Elvis Frog in Vegas slot, released in May 2020, a true hit and favourite game for many players worldwide

BGaming is going to release a sequel of its most popular title! The slot called Aloha King Elvis! will be launched in July!

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The American Gaming Association (AGA) has recently made significant updates to its Responsible Marketing Code for Sports Wagering The changes aim to promote responsible gambling practices and protect consumers, particularly minors and vulnerable populations. In this article, we will explore the key changes to the code and their implications for the sports betting industry. Prohibition of targeted advertising to minors and self-excluded individuals One of the main changes to the AGA's code is the prohibition of targeted advertising to individuals under the legal age for sports wagering (21 years or older in most US jurisdictions) and those who have self-excluded from gambling activities. This measure is designed to protect minors from exposure to sports betting advertisements and prevent relapses among problem gamblers who have chosen to self-exclude.

Mandate against suggesting gambling as a financial solution or path to success

Another significant update to the code is the mandate that advertisements for sports wagering should not suggest that gambling can be a solution to financial problems or a path to success. This change aims to discourage irresponsible gambling behavior and prevent misleading advertisements that could potentially exploit vulnerable individuals facing financial difficulties.

Avoiding depictions of irresponsible or excessive gambling behavior

The AGA's updated code also requires that advertisements should avoid any depiction or suggestion of irresponsible or excessive gambling behavior. This provision is intended to prevent the normalisation of harmful gambling practices and encourage responsible gambling habits among consumers.

Prohibition on "Risk-Free" bet promotions

As part of the AGA's commitment to responsible marketing practices, the updated code includes a prohibition on "risk-free" bet promotions. "The AGA's prohibition on 'risk-free' bet promotions is a positive step towards ensuring that consumers are protected from potentially harmful marketing tactics,” says industry expert Mike Lukas. “By prioritising responsible marketing practices, the industry can promote a safe and enjoyable betting experience for all."

Promoting responsible gambling and providing resources

In addition to the restrictions on advertising content, the updated code encourages operators to promote responsible gambling in their marketing materials and provide information about available resources to address problem gambling. This initiative seeks to raise awareness of the potential risks associated with sports betting and ensure that consumers have access to the necessary support services if they encounter gambling-related problems.

Voluntary compliance and industry best practice

Although the AGA's Responsible Marketing Code for Sports Wagering is voluntary, it is considered an industry best practice. Member organisations are expected to adhere to its provisions, demonstrating their commitment to responsible gambling and consumer protection.

The role of technology in responsible gambling

With the rapid growth of the online sports betting industry, technology has an increasingly important role to play in promoting responsible gambling. Tools such as geolocation, age verification, and self-exclusion databases can help ensure that sports betting remains a safe and enjoyable activity for consumers. Innovative solutions like artificial intelligence and machine learning algorithms can also be employed to detect patterns of problem gambling behavior and notify operators, enabling them to take proactive measures to support at-risk individuals. As the industry continues to evolve, the adoption of cutting-edge technology will be essential in ensuring a responsible and sustainable future for sports betting.

The impact of the updated code on the sports betting industry

The key changes to the AGA's Responsible Marketing Code are expected to have a significant impact on the sports betting industry. Operators will need to review and update their advertising strategies to ensure compliance with the new guidelines, potentially leading to shifts in marketing budgets and tactics. Furthermore, these changes may contribute to fostering a more responsible gambling culture among consumers, ultimately benefiting the industry as a whole.

Challenges facing the sports betting industry

Despite the positive steps taken by the AGA to update its Responsible Marketing Code, the sports betting industry still faces a number of challenges in promoting responsible gambling practices. One such challenge is the need for ongoing education and training for industry professionals. Ensuring that employees at all levels understand the importance of responsible gambling and are equipped to identify and respond to potential problem gambling behavior is essential to maintaining a safe betting environment. Another challenge facing the industry is the constantly evolving nature of the online sports betting landscape. As new technologies and platforms emerge, operators must stay ahead of the curve and adapt their responsible gambling strategies accordingly. This may include collaborating with technology providers and researchers to develop innovative solutions for identifying and mitigating gambling-related harm. Mike Lukas from wsn.com highlighted to SiGMA News "The AGA's prohibition on 'risk-free' bet promotions is a positive step towards ensuring that consumers are protected from potentially harmful marketing tactics. By prioritising responsible marketing practices, the industry can promote a safe and enjoyable betting experience for all." Furthermore, the sports betting industry must navigate the complex regulatory environment surrounding advertising and consumer protection. As different jurisdictions have varying regulations and requirements, operators must be diligent in ensuring compliance across all markets in which they operate. This may necessitate the allocation of additional resources to legal and compliance departments, as well as ongoing monitoring of regulatory changes and industry best practices.

Conclusion

The American Gaming Association's recent updates to its Responsible Marketing Code for Sports Wagering demonstrate a proactive approach to addressing the potential risks associated with sports betting advertising. By promoting responsible gambling practices and protecting vulnerable populations, the AGA is taking a crucial step towards ensuring a sustainable and responsible future for the sports betting industry in the United States. However, the journey towards responsible gambling is an ongoing process, and the industry must continue to adapt and innovate in order to meet the challenges of the rapidly evolving sports betting landscape. By prioritising consumer protection, embracing technological advancements, and collaborating with stakeholders across the industry, sports betting operators can help ensure that their products and services remain both enjoyable and safe for consumers.

SiGMA FOCUS Mexico brought together leading experts in the industry to discuss the virtues and challenges facing the Mexican gambling market.  The discussion was moderated by Kym Sleezer, the CEO of Triple Ripple Group, a company that is dedicated exclusively to the gaming industry, Cris Matuz, COO of Ganabet Mexico, as well as Enrique Romero, the commercial director of NetBet braised the panel.  A country of growth and extreme poverty: the dichotomy within the Mexican Market (more…)

Restaurants, cinemas, shopping centers and casinos were able to  increase their capacity from 30% to 50%, as announced by the state governor, Jaime Rodríguez Calderón This increase will be applied to all customers except the vulnerable individuals, and will be applied not only in the mentioned installations but religious worship centers, gyms, hotels, public and private parks, tattoo parlors, spas, museums, theaters, auto-circuses, event halls, and farm rentals too, among other similar venues. [caption id="" align="alignleft" width="300"] Jaime Rodríguez Calderón[/caption] On the other hand, Horse races, clubs, night clubs, bars and billiards, day care centers, public pools, stadiums and face-to-face classes and children's party rooms will remain closed. Recreational sites for elderly people and children could be contemplated to reopen if the indicators on the decrease of need of occupation in intensive care beds improves as its been doing until now. In a press conference about the matter, to which the Secretary of Health, Manuel de la O Cavazos and the Secretary of Economy, Roberto Russildi also attended, Jaime Rodríguez Calderón (seen on the left) said 'The fact that we are opening businesses does not mean that we have already solved the problem; we are opening them because people need to work (..) Right now, at this moment, 90% of the businesses in Nuevo Leon are open, all the plants, the factories, the workshops (..) We will see how we can have special confined, but sanitized places for children and older adults. It is ungracious what we are doing with the elderly, many have sent me messages asking us to open the possibility for them.' SiGMA Calendar:   SiGMA Americas and AIBC Digital Summit were launched with great success in the past week, pushing the shifting grounds of the gaming industry towards LatAm and discussing the current developments in digitalisation. In a first for SiGMA, both the gaming and the tech segments of the conference were offered in 3 languages, English, Spanish and Portuguese.    SiGMA will launch its next series of events in 2021, with SiGMA Europe headlining next year's calendar. Inaugural summits in Asia and Americas are also set to dominate the year, with SiGMA Asia launching in May 2021 and SiGMA Africa in 2022! Explore the full agenda here and register now! 

Paraguay's Senate Chamber has recently approved a request from Conajzar to share details about unclaimed prize money from 2015 The request, coming from Senator Abel González, asks for the statistics and information regarding unclaimed prices, and where the regulator directed the unassigned money, as well as whether or not it has been sent to charities. (more…)

The Brazilian gaming landscape is shifting at a sensational pace, with new regulatory legislation bringing many diverse sectors into a market bursting with potential. The inaugural SiGMA Americas-Brazil iGaming Summit takes place 14 - 18 June. [caption id="attachment_852702" align="alignleft" width="300"] São Paulo, Brazil.[/caption] The expo delivers a wealth of industry-leading knowledge along with a plethora of premium networking and entrepreneurial opportunities to the diverse, tropical shores of São Paulo. The paramount event will see several insightful panels take centre stage, providing key thoughts and analysis of the soon-to-be industry giant emerging from the world’s fifth-largest nation, providing attendees with all the acuity to maximise their opportunities by successfully traversing the shifting terrain. Some of these incisive insights can be seen at our key panels taking to the stage throughout the event, here are some of the most eye-catching offerings heading to Brazil this June. Lottery In Brazil: Current Affairs and New Trends The Misdemeanour Criminal Act (MCA) 1941 made almost all gambling illicit, with the lottery being made one of the salient exceptions. This has made it one of the most diverse and well-developed industries in the South American nation’s gaming sector. The legalisation of alternate forms of gambling means the future of the lottery and its operators will have to undergo a mass shakeup, which will see the effects be returned throughout the sector. The panel participants will include 2 key regulators in the Brazilian lottery sector, Francisco Petrônio, the Lottery Superintendent for the Brazilian state of Paraíba, and Jhontas Mendes Silva who is the Director of Lotteries for the northerly state of Maranhão. Debate - The Future of The Industry In Brazil In a change of structure, this debate will dynamically dissect the variety of gambling, betting and iGaming options that are set to become available in the coming months. The shifting sector has many surprises and unpredictable movements in store and thus provides a superb opportunity for an engaging discussion. The strategic introduction of numerous entities into the gaming sector in Brazil could yield a plethora of outcomes in the way the market can be scaled, the innovations that will be spawned and the creative integration of tried and proven aspects from successful foreign business models. Wesley Cardia, the CEO of Associação Nacional de Jogos e Loterias (ANJL), an association inaugurated just this year, will comprise one-half of the debate. Global Expectations for The Industry in Brazil The iGaming sector in particular has been of importance to the multi-billion dollar, Brazil-facing offshore industry; despite being illegal when based within Brazilian borders. The much-anticipated legalisation of this industry leaves operators with many choices and decisions to be made regarding how best to maximise the new sector - which by many accounts is poised to become one of the globe’s largest and most significant markets. This panel will benefit from the key knowledge and thought processes of 4 C-level executives, which will also garner the audience a comprehensive understanding of how the industry’s shiny new infrastructure is set to be constructed. All this and much more will be given an influential platform at the SiGMA Americas Summit from the 14th to the 18th of June, at the Transamerica Expo Centre in Sao Paulo, Brazil. To have an opportunity to speak at any of our upcoming summits, in Manila, Limassol or Malta apply here! https://youtu.be/pacxEujDOYM

Playtika Holdings said it will cut 15 percent of its global staff and close down three projects to position the Israel-based gaming company for the future. At the same time, CEO Robert Antokol requested a cut in his base salary next year and for 2024 to the minimum level under Israeli law. The board’s remuneration committeee accepted the proposal, the company said in a filing with the U.S. Securities and Exchange Commission. Antokol gave news of the job cuts in an email to employees, filed with the SEC.  “The news I share with you today is difficult,” he wrote. “After intense deliberation, we have decided to reduce our workforce by about 15 percent, saying goodbye to wonderful and talented colleagues and friends. This decision has not come easy, yet we think it necessary to best position Playtika for the future.” Antokol said the company will wind down non-core initiatives and consolidate studios for greater efficiency. It will also centralise the evaluation of new game concepts through its creative team at Wooga. Three current titles have been removed from the pipeline, it said.  In total just over 600 staff have been affected by the cuts.  For 3Q22, the company posted revenue of $647.8 million, just slightly higher than the $635.9 million reported the prior year.  Adjusted EBITDA fell to $230.7 million, down from $247.8 million the prior year.  Last month, Playtika announced it would buy a $25 million minority stake in Turkey’s Ace Games as part of a strategy to invest in high-growth potential games in a cost-effective way. 

SiGMA Americas is excited to announce that several brands awarded licences to operate in the newly launched Canadian market, will be making it to the expo floor during the Summit. Various companies listed below were among the ones that have begun offering their comprehensive suite of online casino services in Ontario, Canada's freshly regulated online gambling sector. [caption id="attachment_555299" align="alignleft" width="239"] SiGMA Americas' expo floor[/caption] The approval of Bill C-218, which legalises single-game sports wagering in Canada, coincides perfectly with our next event in Toronto, leading some of these iGaming brands to exhibit with us. The debut of Ontario's regulated iGaming market, followed by statewide regulated sports betting and iGaming, is a watershed moment in the worldwide business, and SiGMA aspires to be a centre and platform for this expansion. SiGMA offers businesses a one-of-a-kind platform to increase brand success via meaningful interactions and engagement. Companies exhibiting with us at the forthcoming summit in Toronto will have the opportunity to meet a sizable target audience in one day, shortening the time needed to close a sales lead. People in today's environment prefer honest and genuine experiences and potential buyers are more likely to believe a genuine person in front of them than online ads. This is where we enter the picture. Toronto is the ideal location for SiGMA's expansion in North America, serving as a hub for networking and business development in the region's land-based, iGaming, sports betting, and other related sectors. Meet some of the industry's top players showcasing with us this June. GG Poker GGPoker, which debuted in 2014, has brought a slew of new features to gamers eager to have a good time while playing poker online. These options include straddling any sum, peeking your hole cards, and purchasing insurance while all-in. Texas Hold'em and Omaha are among the popular poker variants, as are Rush & Cash, Flip & Go, Spin & Gold, and All-In or Fold. The brand provides online poker tournaments to suit all preferences, from freerolls to high roller tournaments, Bounty Hunters to Sunday majors, and everything in between. Betway Betway offers both a sportsbook and an online casino. Many sports, including soccer, American football, and basketball, have competitive betting opportunities. They also provide a diverse range of specialist sports such as table tennis and snooker. All of the popular esports are also available on their website. Betway's casino offers an even better selection of slots, table games, and live dealer games than most other online casinos. The search option makes it easy to navigate the casino since combing the pages for a certain game can be time-consuming. Mountbet Mountbet.com is powered by Betfair, one of the world's largest and best-betting exchanges, and offers new levels of trade to users who establish an account. Their website was created with gamers in mind to provide the greatest online gaming experience possible. Any player who opens an account with us will be able to take advantage of not only generous promotions and bonuses, but also low commissions, a wide range of bets, competitive odds, high liquidity, and excellent customer service with live chat so that you can get help whenever you need it if you have a problem. Mountbet provides bettors with quick payouts and large withdrawals. They even have a mobile betting app so you can check your account while on the go. Karamba Since its inception in 2005, Karamba Games has maintained an impeccable reputation. It continues to impress with a video slot selection unlike any other, which is the real money casino's core strength. 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Playing host to a massive iGaming industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards. To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on [email protected]. https://youtu.be/IFZCWrA7lVI