Foul play in Bolivian football

Foul play in Bolivian football

The Bolivian Football Federation (FBF) has cancelled the country’s two top-flight football tournaments amid investigations into allegations of corruption and match-fixing involving referees, players and club executives. The federation has also suspended the referee’s association.

The decision to cancel the tournaments came after a meeting of a soccer council in the region of Santa Cruz, where first division clubs agreed to stop the domestic league and the National Cup. The FBF said it will ask the region’s governing body CONMEBOL to organize a quick competition until the end of December to replace the cancelled tournaments. The competition will determine the spots for the 2024 international tournaments.

The FBF also filed charges to the country’s public prosecutor’s office and fired the three members of the country’s refereeing commission.

The alleged match-fixing scheme involved at least four games in which referees allegedly favoured one team over another by awarding penalties or expelling players.

The Bolivian Football Federation (FBF) acquired a recording of Marcos Rodríguez, football club Vaca Diez president, fixing the result of a match with a referee for cash.  In the recording, Rodriguez can be heard asking the referee to ensure that at least three goals are scored by one side in the first half. 

Match-fixing scandal in Brazil

Brazil match-fixing scandal is a recent and ongoing investigation into a criminal organization that operated to manipulate the results of football matches in the Campeonato Brasileiro Série B of the Brazilian Championship. The scandal was exposed by the Public Ministry of Goiás (MPGO) in February 2023.

The investigation has revealed evidence of wrongdoing by soccer players who allegedly made sure to get bookings and gave away penalties in exchange for bribes. The scandal has international reach, as some of the players involved have connections to clubs in other countries, such as the United States. The Brazilian authorities have launched a federal investigation into soccer match-fixing and are cooperating with foreign authorities. Brazil’s lower house of Congress has also opened a probe into the scandal.

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MST extends XB Net agreement before Pegasus World Cup
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Content Team 8 months ago
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After the lifting of all COVID limitations on Oct. 22, attendance in both domains is eyed to grow to 100%.

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[caption id="attachment_134075" align="alignleft" width="413"]brian kavanagh, chief executive of horse racing ireland Brian Kavanagh, Chief Executive of Horse Racing Ireland.[/caption]

Brian Kavanagh, Chief Executive of Horse Racing Ireland, said: “It has been a very difficult 18 months for everybody in society, and racing can be proud of the way it has come through it. However, without racegoers, racing has been missing one of its essential ingredients.

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Irish Champions Weekend at Leopardstown on September 11th and the Curragh on September 12th will be limited to 4,000 persons each day, according to Horse Racing Ireland.

“I would like to thank all our customers for their patience and look forward to race meetings becoming just that again–a place where racegoers can meet each other in a safe environment and enjoy our great sport.”

Irish racecourses now host around 380 races a year. There are currently 26 racecourses in Ireland. Currently, 1.3 million people watch the sport each year. Owners, trainers, jockeys, stable personnel, Turf Club stewards, and officials are among the participants. Horse Racing Ireland (HRI) officials, as well as a different racecourse and other workers, would make up the support crew.

Many of the players, including the racetrack's owners, stewards, and other employees, are working on a voluntary basis. In Ireland, horseracing is a tremendously popular activity, and it puts the country in a very positive light on the international arena, where there's regular competition with the world's finest.

SiGMA Americas Virtual 2021:

The SiGMA Americas Virtual show will run from the 13th to the 14th of September, 2021. Features include a fully interactive expo floor, networking chat rooms, and a high-profile lineup of panelists. Explore the agenda below or check out who’s on the floor plan.

[embed]https://www.youtube.com/watch?v=61tuV_RzVR0[/embed]

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Responsible for leading and executing expansion strategies for the company’s B2B products and services in new, emerging and diverse markets.
Kiril will mentor and lead the B2B Team in their efforts to ensure an effective execution of the company’s ambitious B2B plans.
Prior to Soft2Bet, Kiril spent over 20 years in ICT sales, with the last eight years in senior positions within the iGaming industry. His last position was Head of Sales at EveryMatrix, where he helped drive incremental growth for new clients over the last three and a half years.

[caption id="attachment_326374" align="alignleft" width="171"]Boris Chaikin. Boris Chaikin, CEO of Soft2Bet.[/caption]

“We’re delighted to have Kiril on board in this vital position,” said Boris Chaikin, CEO of Soft2Bet. “His insight and experience are a great fit for Soft2Bet, and with his appointment, we are emphasising our commitment to ensuring Soft2Bet recruits top talent and gets closer to the realisation of our ambitions to successfully grow our company and enter new regulated markets.”

[caption id="attachment_441984" align="alignright" width="173"]Kiril Nestorovski. Kiril Nestorovski, Director of B2B at Soft2Bet.[/caption]


Kiril Nestorovski, Director of B2B at Soft2Bet, added: “I am happy to be given the opportunity to contribute to the continued success of Soft2Bet and leverage my experience and expertise in this challenging industry to help accelerate the Soft2Bet Rocketship to new heights.”

Soft2Bet is a rapidly growing and dynamic casino and sportsbook platform provider and operator group offering exclusive games and the best titles from the world’s top gambling suppliers, including jackpot slots, branded video slots, tournaments, live casino and sports betting.

Next up: Malta Week

Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMA, AIBC, Med-Tech World and AGS, each presenting the top developments of their focal industries.

The cross-collaboration of each brand makes Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health, and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policymakers, and thought leaders.

Content Team 54 years ago
Aspire Global expands to Russia by signing platform deal with Sports Lotteries LLC
Aspire Global has expanded to the Russian market by signing a platform and lottery agreement with Sports Lotteries LLC Through this landmark agreement, Aspire Global’s BtoBet will provide its technologically advanced Player Account Management (PAM) module platform and provide access to lottery games on online and retail channels to the Russian state lottery operator, one of only two licensees in the country. (more…)
Content Team 3 years ago
Singular appoints new head of the sports betting platform
Singular has named Alan Aquilina as its new Head of the Sports Betting Platform

Alan brings a wide array of experience to the position, including senior roles at Gaming Innovation Group and Betsson Malta with a strong background in software development and tech lead roles.

(more…)
Content Team 3 years ago
O Canada! The history and state of sports betting in the Great White North
There are certain dates that are forever etched in history. June 6, 1944 will always be linked with D-Day. July 20, 1969 will perpetually be connected with the moon landing, and August 27, 2021 will invariably be associated with the dawn of a new era in Canadian sports betting. That was the day that Bill C-218 came into effect in the Great White North, thereby legalizing single-event sports wagering. And much like D-Day and the lunar landing, it didn’t happen overnight. Not even close. Sports betting in Canada has a long and complicated history Sports betting has been a popular pursuit in Canada since long before Confederation. Early settlers wagered on all manner of competition, from boxing matches to ice hockey to horse racing. As the nation grew so too did the appetite for betting on live events, and bookmakers flourished from coast to coast in burgeoning metropolises like Toronto, as well as smaller port cities like Halifax. Sports betting in all its forms went largely unregulated until 1892, when the federal government passed the Criminal Code of Canada, which banned all gambling activities. Canadians continued to make private wagers from time to time, of course, particularly in the country’s lawless frontier towns, but for the first time ever they began to face very real consequences for dealing with unlicensed bookies. It wasn’t until 1969 that Canada finally began to embrace gambling as a legitimate means to help fund programming. An overhaul of the Criminal Code that year gave federal and provincial governments the authority to run lotteries, with proceeds going to select charities as well as the 1976 Summer Olympics in Montreal. The impact was immediate as funds began flooding in, prompting legislators to begin pushing for even more amendments to make gambling available in their constituencies. Another welcome change occurred in 1985 with the passing of a new amendment which allowed for legal betting on a wide variety of North American sports. Bettors could now wager on events like basketball, baseball, hockey, and football, although there was a catch. The bets had to be bundled together in a two-to-six-leg parlay and moneyline wagering was the only option available. It would be years before bettors could also lay money down on totals, point spreads, and team and player props. The birth of online sports betting The advent of the World Wide Web in the mid 1990s brought about a tectonic shift as enterprising independent operators stormed the Internet to offer casino and sports betting services. Among the first was Sports Interaction, which operated from an Indigenous community in Quebec. Other online operators began popping up in far flung locations like Costa Rica, Gibraltar, and the Isle of Man. They existed in a legal grey area and could offer Canadian bettors a wider range of markets, attractive bonuses and, most importantly, single-event betting. They could also accept significantly larger wagers, which set them apart from some Canadian lotteries which capped sports bets at $100 per ticket. The appeal was obvious, and Canadians began gravitating to these sites with increasing regularity. It wasn’t always easy figuring out the good guys from the bad guys during the early days of the Internet, and sites like Covers began to emerge with the purpose of making smarter sports bettors at a time when data and unbiased wagering information was not readily available. Provincial operators also answered the siren call of the Web and began rolling out their own online sites. The British Columbia Lottery Corporation led the charge in 2004 with its popular Playnow.com site, and Quebec (Mise-O-Jeu) and Ontario (Proline) also joined the fray. The sudden availability of betting options through provincially-regulated sportsbooks and offshore books led to a huge uptick in wagering in Canada over the next decade. From 2010 to 2018, the percentage of Canadians between the ages of 18-35 who placed a bet increased from 18% to 52%. The amount of money being wagered also rose astronomically. By 2014 it was estimated that Canadians bet $14 billion on sports annually, with just $500 million of that sum being wagered through official provincial entities. Bill C-218 rises from the ashes of Bill C-290 That vast discrepancy got many savvy legislators thinking, and they drafted a number of forward-thinking bills to legalize single-event sports betting, the most noteworthy of which was Bill C-290. The bill passed in the House of Commons in 2012 with ease, but was subsequently voted down in the Senate in 2015 after years of heated debate. A second attempt was voted down along party lines the following year in 2016. Undaunted, legislators took another kick at the can in 2020 with Bill C-218, and this time around they hit paydirt. Officially known as The Safe and Regulated Sports Betting Act, the bill was widely supported by all four of Canada’s major political parties and passed its second reading on February 17, 2021 by a vote of 303-15. It helped that the legislation was eagerly supported by the Canadian Football League, the National Football League, and the National Basketball Association, and met only minimal resistance from the typically protectionist horse racing community. Ontario is open for business Ontario was among the first provinces to offer single-event sports betting on August 27, 2021, when the Ontario Lottery and Gaming Corporation (OLG) rolled out its new PROLINE+ digital sportsbook. Nova Scotia, where Covers is headquartered, jumped on board on February 11, 2022, by offering single-event sports betting through the Atlantic Lottery Corporation (ALC). It was a promising step in the right direction for both provinces, but the fun really began two months later on April 4, when Ontario became the first province to allow third-party operators of online sportsbooks to set up shop. More than a dozen private bookmakers began taking legal wagers in Canada’s most populous province that day including bet365, BetMGM, FanDuel, and PointsBet. Overall, 34 gaming operators have registered to operate within Ontario, giving local bettors a wealth of wagering options. The desire to make it big in Ontario is understandable given the fact the province’s population of 14.2 million accounts for 38% of the entire nation. Financial projections also forecast iGaming will generate a net income of $18 million within the province for the 2022-23 fiscal year. That number is expected to rise to $31 million by 2024-25. iGaming Ontario (iGO) has yet to release official numbers for the province’s burgeoning sports betting market, but a few leaders have already emerged. According to a report from Morgan Stanley analysts Ed Young and Thomas Allen, Penn National Gaming Inc.’s theScore Bet garnered 35% of the app-download share in Canada in April. It was followed by bet365 at 27% and FanDuel at 16%. The numbers further west have also been overwhelmingly positive. British Columbia residents made more than $25 million in single-event sports bets within two months of Bill C-218 going into effect. Residents of the country’s Prairie provinces in Alberta, Saskatchewan, and Manitoba have also placed $7.1 million in single-event bets to date through their respective provincial lottery corporations. The future is bright Although Ontario was the first province to welcome in third-party operators, it may not be the last. Other provinces and territories are watching the proceedings closely and taking notes. Covers has been part of the journey since the very beginning and will continue to be there every step of the way to document the market’s evolution.
Katy Micallef 1 year ago
Cloudbet Launches World’s First Crypto Horse Racing Book for Melbourne Cup
Cloudbet has unveiled another bitcoin betting world first, with the launch of crypto horse racing in time for the 2021 Melbourne Cup on Tuesday

Customers of the pioneering crypto casino can now bet on horses with bitcoin and 12 other cryptocurrencies on the biggest races on the international calendar, including Australia’s top event.


"The Melbourne Cup is not only one of the most famous horse races in the world; but one that goes beyond sport into popular culture in Australia and abroad,” a Cloudbet spokesperson said. “This race might stop the nation, but it won’t stop us bringing the crypto advantage of better margins, lower transaction costs and faster withdrawals to racing fans.”


Last year's Melbourne Cup winner was outsider Twilight's Payment, whose post-to-post victory was a bust for punters everywhere. This year, the horse is third in the odds to complete back-to-back victories, but the markets have made local hero Incentivize the resounding favourite, as he has taken Australian racing by storm over the last few months including winning the prestigious Caulfield Cup.
International raider Spanish Mission is thought to be the main challenger in the 24-strong field. In something of a preview of this year's Ashes in cricket, the racing world is eager to find out if the English horse can go down under and wrest the crown from the Aussie favourite.
Horse racing is the latest in a series of new features and upgrades launched by Cloudbet in recent months. Founded in 2013, the crypto operator now offers esports, political betting, social bet sharing and fully native sportsbooks in 17 languages for players around the world.
The new feature makes Cloudbet the sole crypto betting platform offering odds on the traditional “sport of kings.”

The Cloudbet Story
Cloudbet is a proud pioneer of crypto betting. Born in 2013 with a trailblazing spirit, Cloudbet embraced blockchain technology to give players privacy and financial freedom like never before. Since then, we have taken millions of bets, earning a reputation as the most trusted and secure name in the crypto-gaming space.
We wrote our own rules and audaciously created an industry we are highly respected in. But that’s just the beginning. As always, it’s what comes next that really excites us. We keep innovating, delivering world firsts time and time again.
Opportunities are boundless, and with the same passion and ambition that has taken us to the top, Cloudbet will keep enhancing the entertainment experience for players around the world. We’re here to raise the game.

Next up: Malta Week

Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMA, AIBC, Med-Tech World and AGS, each presenting the top developments of their focal industries.

The cross-collaboration of each brand makes Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health, and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policymakers, and thought leaders.

Content Team 54 years ago
GoldenRace goes live with Austrian Lottery Win2day
GoldenRace, a leading virtual sports provider, has signed an exclusive partnership with Win2day Thanks to this deal, Austrian players will have access to GoldenRace’s award-winning virtual football and horse races through the win2day platform. [caption id="attachment_498740" align="alignleft" width="274"]mattias soucek Mattias Soucek.[/caption] Mattias Soucek, Win2day Product Manager, stated: “With virtual games, Win2day is opening up a new, popular segment in its portfolio and is thus living up to its reputation of offering its users a multi-faceted, modern gambling offer. We are convinced that this new offer will meet with a lot of approval from our customers. Thanks to the perfectly functioning partnership with Golden Race, we can offer our users virtual games in a modern, customer-friendly version. The entire process, from getting to know each other to going live, was characterised by professionalism on an equal footing. I would like to thank the entire Golden Race team for the smooth cooperation and we look forward to successful times ahead! Martin Wachter, GoldenRace, CEO and Founder, said: “I am very happy that one of my biggest business goals finally came true to work in my home country, and that we have been selected from such a great company like the Austrian Lottery. To work with Win2day shows again that more and more ‘big players’ in the industry chose us as their first address in regards to virtual sports. I am sure that this partnership will become a great success in Austria.” With this latest move, GoldenRace becomes the only virtual sports provider in the Austrian market and keeps strengthening its leading position in Europe and around the globe thanks to the best-in-class partners like Win2day.  

SiGMA 2022:

After the exciting set of conferences that was Malta Week 2021, the SiGMA Group plans to take the world by storm with the golden steeples of Kiev and the snowy city of Toronto being hubs to draw the best and brightest of the iGaming world together. Our next expo takes us to cutting-edge metropoli of the United Arab Emirates for three days of networking, panel discussions and festivities. Stay up to date with the latest and greatest through SiGMA News. https://www.youtube.com/watch?v=MjWaRXyiyRA
Content Team 2 years ago
EURO 2020: The final four
England are one step closer to bringing it home, could they finally do it? Will Denmark repeat EURO 1992? Or will the Italians or Spanish claim the big prize? The semi-finals are upon us & things are starting to heat up! England, Italy, Spain and Denmark make up the final four of the EUROs and we are set for two high quality & intense matches! The tie of the semi's is definitely the one between the two Mediterranean countries - Italy & Spain, while the England vs Denmark game will be quite a tense match since both teams are on great form. Let's take a closer look into each match & the sports betting odds: (more…)
Content Team 2 years ago
How is Esports Betting different from Sports Betting?
For people coming over after years of betting on sports, betting here can feel somewhat different. Esports shares many similarities with sports, so what are the key differences? Betting in esports has grown exponentially during the COVID-19 pandemic. As physical sports shut down due to the need for social distancing, esports continued in an online format. Esports betting, however, grew rapidly for many years. The pandemic only quickened its adoption and more and more people are slowly becoming familiar with esports betting. (more…)
Content Team 3 years ago
With no boxing events to bet on, this is the naked truth on how UFC fans are keeping entertained
Global sports betting market is set to witness a substantial growth of 9.45% in the forecast period of 2019- 2026 Sports betting has always been a popular for people to gamble on, especially sports fans. Boxing is one of the few sporting events that stands out when it comes to wagering as adding thrill to what’s already thrilling enough tempts gamblers. (more…)
Content Team 3 years ago
Entain sees more M&A, has balance sheet capacity
Entain executives say the company expects to continue to seek acquisition opportunities and has the balance sheet strength to do so. CEO Jette Nygaard-Andersen told a conference call with analysts that although high interest rates aren’t helpful, they won’t prohibit further M&A. “And in the current environment I would say it might even open up new doors for us and new opportunities where we are looking at things where others are pulling back,” she said. “So really our M&A strategy is unchanged here, we start with the strategic fit, the importance to the business, look at the business on its merits and then of course we look at the financing in the current environment.” Chief Financial Officer Rob Wood added that the group has the balance sheet strength to pursue further acquisitions. Acquisition synergies "I think the important point with M&A is to remember the returns that we generate through M&A are so compelling typically because synergies are such a large portion of existing EBITDA that we’re buying," he said. "What that means is that whilst rising interest rates are unhelpful to the model,  they just mean the returns slightly lower than they would otherwise be." Entain in February announced it was boosting its Canadian presence, through the acquisition of Avid Gaming, which owns sports betting brand, Sports Interaction. It also bought BetCity in the Netherlands and Croatian market leader SuperSport to expand in Eastern Europe. Entain’s conference call followed its 3Q22 trading update. It reported that net gaming revenue overall was up 2 percent, though was flat in constant currency terms. Online NGR was up 1 percent, while retail NGR grew 10 percent. The company said its BetMGM venture in the U.S. now has a 23 percent market share and the group is on track for full year NGR of more than $1.3 billion. It said it expects to reach sustainable positive EBITDA next year.  THE 300 SPARTANS: After triumphing in key locations across Asia and Europe, AGS is flying 300 top affiliates to Malta, for an all inclusive deluxe trip. The event will happen alongside SiGMA, 14-18th November, during SiGMA Europe. Read more about the 300 Spartans here. https://youtu.be/ez6zSLWCBaA
Content Team 12 months ago
Sport Franchise Sponsorship signed between Caesars, William Hill and Indianapolis Colts
Caesars acquired William Hill UK for $3.7 billion at the beginning of the month

This deal is the first announced since Caesars acquired William Hill’s United Kingdom-based parent during the beginning of this month for $3.7 billion

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Content Team 3 years ago
Alabama baseball betting suspended
The Ohio Casino Control Commission has issued an emergency order placing an immediate ban on sports betting related to Alabama baseball games after it was reported there were suspicious gambling activities being propagated. This was instigated following a report from “certified independent integrity monitors”. Subsequently Ohio’s most influential gambling regulator was forced to bar licensed sportsbooks from accepting bets on Alabama baseball games. This was an internal communication which was obtained by The Associated Press, so it is not immediately clear whether the other 33 states where sports betting is legal that similar orders have been applied. A relevant incident had already been reported by Las Vegas based US Integrity, who monitor data regarding a multitude of factors across the sports’ industry, sending out an alert warning to sportsbooks of “suspicious wagering activity” involving a match between Alabama-LSU. Alerts of this nature occur when there are instances such as huge moves in the odds, particularly when one team is predicted to greatly outperform the other. According to a California attorney, Baird Fogel, this particular game displayed such shifts in odds. When after a significant change in odds the perceived inferior team made a huge run. He would digress to make a point of great importance when dealing with cases involving sports betting.
This could all be conjecture, it could all be a coincidence. That’s the wonder of sports betting. Sometimes weird things happen.
Match fixing is a multifaceted issue, perpetuated by and affecting many different aspects of the betting and sports industries. A veritable umbrella term, it can be highlighted in numerous different ways such as bribes, manipulated scores, intentional errors and bogus penalties. Match fixing.This leads to great uncertainty within these fields and even further confusion when it comes to regulation and penalisation. What can be certain is that major sport and the related sports betting are economically significant sectors with the most important aspect historically, culturally and intrinsically is outcome. Making sure the outcome of matches are not tampered with is of paramount importance. This is where the integrity of competition stems, from playing on a fair field, affecting the fans' relationships with their teams and the leagues they play in. Jeopardising this whether in perception or in actual fact would spell disastrous chaos for all involved. So a precautionary stance is understandable, however, it is important that legislation and regulation find a definitive way to both support the sports betting industry both online and in person, as well as secure without doubt the sporting integrity of their competitions. 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
Content Team 5 months ago
Bookmaker ratings marks BetConstruct’s sportsbook
The CIS-facing Bookmaker Ratings online publication has rolled out the results of their annual BR Awards announcing BetConstruct as the sports betting software provider of the year

With the international experience of 10+ years, Bookmaker Ratings comes as ‘the punters best friend’ while researching and analyzing bookmaking companies and the suppliers of sports betting software.

(more…)
Content Team 2 years ago
US latest: New York inches closer to mobile sports betting as Georgia waits
Significant progress has been registered in New York yesterday (Tuesday) towards the introduction of mobile sports betting - as an agreement on the 2022 state budget includes legalising mobile sports wagering By Buck Wargo – SiGMA US correspondent As reported by SiGMA last month, New York is seeking mobile betting because it is losing out on tens of millions of dollars as residents are betting in neighbouring New Jersey and Pennsylvania. On the other hand, problems put on hold progress the state of Georgia, as a political fight over voting rights has temporarily scuttled attempts to introduced wagering in the state. Georgia’s legislative session ended before it could pass a bill that would have put a ballot measure before voters to legalise online sports betting in November 2022. That means that the popular vote will now have to wait. Following the latest development, New York is now the next big domino to fall in the US sports-betting scene. The new law is expected to include up to two betting platforms and possibly four operators, encouraged to partner with tribal casinos, which currently offer sports betting in their upstate properties. Following the Supreme Court’s decision, striking down a federal ban on full-fledged sports betting outside of Nevada, sports betting attorney Daniel Wallach said it’s finally going to happen in New York. After the latest developments this week, Wallach predicts that the first mobile bet in New York could take place in January, 2022. (more…)
Content Team 2 years ago
Vietnam adds FIFA World Cup and AFC Asian Cup to their legal betting list of football tournaments
Vietnam’s government has expanded its legal sports betting market to a variety of wager-worthy sports  
vietnam betting The Ministry of Finance said on a draft bill that only international football events organized by FIFA are currently allowed to wager on.
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Content Team 3 years ago
Inaugural sports-betting licence granted in Rio de Janeiro
In a landmark twist of events, Rede Loto has become the very first operator in all of Brazil to receive an inaugural sports-betting licence. The state lottery of Rio’s accreditation will see the São Paulo-based operator afforded the right to operate fixed-odds sports-betting across the entirety of the state of Rio de Janeiro. The licence will cover an initial 5-year term which set Rede Loto back R$5m (approximately US$1m) in upfront costs. This decision has added even further complexity to the landscape regarding gambling legalisation, with much anticipated federal attempts to bring gambling in all its multi-faceted forms, which includes sports-betting, to the entirety of the South American nation. Legislative landscape in Brazil Due to the Misdemeanour Criminal Act (MCA), gambling in almost every form has been illegal since 1941 across Brazil’s sizeable territories. Despite this, Brazil is an avid gambling nation, with sports and thus sports-betting being an incredibly popular aspect, interwoven into Brazilian culture and the strata of its society. So much so that in 2022 it was estimated that over 46% of Brazil’s population, the 5th largest in the world, was involved in some form of sports-betting activities alone. This sizeable industry, worth well over $6 billion annually, is only truly possible on this scale due to the emergence and dominance of online gambling operators who conduct their activities into the Brazilian market from bases off their shores. This is actually not an illicit practice, as the MCA is applied to activities effective within Brazil from an operational standpoint. Operators outside of Brazil must be within the legal limit of their own jurisdictions to provide legal and valid gambling offerings to the Brazilian market. Although this does a great deal to satisfy the appetites of the gambling population in Brazil, this does affect Brazil in the sense, that a massive stream of tax revenue is being lost. Such a massive loss in the sense that Brazil houses perhaps the largest illicit market in the world, and potentially one of the world’s largest should legalisation be achieved. Legalisation efforts Although a considerable effort is currently being made by the federal government in Brazil, there have in recent weeks been several hindrances and roadblocks causing an unfortunate delay, with congressional leaders remaining in discussion with regards to deciding if sports-betting should be regulated on a nationwide or state-specific level. The plan was initially thought to be a national regulation through a so-called provisional measure emergency decree, which was considered more immediately imminent when a draft of this legislation was circulated to the industry and media. A more standardised bill with urgent requirements is being considered after a reassessment instead. This would be differentiated in several ways, not least that a provisional measure would have taken effect immediately to its approval, whereas an urgency bill would be subject to a 90 day congressional approval process and would then require ratification. Luiz Felipe Maia, a gambling law expert and founding partner at the law firm, Maia Yoshiyasu in São Paulo, has provided an analysis of the pending situation, stating that he believes no license on a federal level will be granted in the near future. However, a few states such as is the case in Rio, will be granting licences that will afford operators the right to trade within state jurisdictions. This is because state legislatures are not plagued by the same issues that are causing difficulty in federal proceedings. Maia explained:
On the other hand, we’re going to have licences in Rio, in Paraná, in Paraíba. That's going to be a very complicated situation for the government. Because on the state level, things are moving quite quickly.
He mentioned that the states of Paraná and Paraíba are following Rio's lead closely and hope to implement similar systems to grant lotteries the right to include sports-betting in their offerings. Alternatives to this such as in Minas Gerais have also sprung up, whereby lottery providers are setting up exclusive agreements with technology partners to launch new, dedicated sports-betting operators. Considerations and drawbacks [caption id="attachment_849879" align="alignleft" width="300"] Christ The Redeemer statue, Rio de Janeiro, Brazil.[/caption] Although state regulation is moving much faster than its federal counterpart, perhaps acquiring a state licence is not the most prudent choice at this moment in time, as these may become redundant if the provisions in the federal legislative drafts are to be believed. This specifies that players must be located only within the state in question to play the operator’s online sports lottery games, and additionally, states will be forbidden from creating multi-jurisdictional lottery operations. The drawbacks don’t cease there as Bichara & Motta gaming lawyer, Udo Seckelmann, has claimed:
The payments platform that accredited operators will be required to use charges such as a hefty transaction fee for every deposit and withdrawal, which on top of taxes and licensing fees, is unappealing to the operators I have spoken to.
He would continue that further measures could be implemented to prevent players from making use of the grey market, that is gambling activities acting without a valid licence or ones acting with a state licence outside of their jurisdiction. This would be enforced by methods such as “the blocking of IPs and the restriction of payment providers for unlicensed operators, and the prohibition of the advertising in Brazil by unlicensed operators”. This of course is all speculation for now, but nonetheless, with this inaugural license being issued, further confusion has been added to an already complex landscape which operators and regulators should consider and reconsider on a frequent basis, as Brazil begins to embark on the harnessing of what is certain to become a key industry both locally and across the globe. 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
Content Team 4 months ago
American Ultimate Disc League and Lsports Data enter into $3 million data distribution and co-development strategic partnership
The American Ultimate Disc League and LSports Data announce they have entered into a strategic data distribution and co-development agreement

The five-year agreement, signed today by Steve Hall, CEO and Commissioner of the AUDL and Dotan Lazar, CEO of LSports Data results in LSports being designated as the “Official Data Partner of the AUDL” and grants exclusive rights to the distribution of AUDL Official Data and enhanced betting solutions to on-line and in-person betting partners on a global basis.

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Content Team 2 years ago
10 best US states for sports betting
Which states rank the highest when it comes to sports betting handles? Will Nevada, home to Las Vegas, take top spot? Sports betting has taken the US by storm. Back in 2018, a few states such as Delaware, Mississippi and Nevada legalised sports betting but 2020 really saw the betting vertical take off. One of the main reasons was due to the unexpected COVID-19 virus which had a massive impact on several states' economies. To counter this economic downturn many states turned to sports and online betting as a new source of revenue. This decision proved successful with many states recording huge handles and revenues. (more…)
Content Team 3 years ago
Hong Kong Jockey Club sets new turnover high at HK$141.1 billion
Unprecedented success as turnover rises for third consecutive season Following the conclusion of the 2022-23 campaign at Sha Tin, the Hong Kong Jockey Club has once again achieved a new turnover record, with punters betting a staggering HK$141.1 billion. This marks the third consecutive season of record-breaking turnover, showing a 0.5 percent increase compared to the previous year. Despite facing economic challenges, Jockey Club CEO Winfried Engelbrecht-Bresges expressed satisfaction with the overall season racing turnover. He attributed the success to the club's high-quality products and the continued support of its customers. However, he acknowledged the potential challenges posed by offshore bookmakers and illegal betting activities. To maintain competitiveness and uphold its world-class status, the club plans to reinvest in racecourse assets and enhance the overall customer experience. Throughout the season, a total of 835 races were held across 88 meetings. The local races accounted for HK$129.3 billion in turnover, a slight decrease of 0.5 percent compared to the previous year. Additionally, the club's simulcast program expanded to include 299 overseas races, resulting in a 12.5 percent increase in turnover, reaching HK$11.8 billion. Despite having only 1,250 horses in training, which represents a mere 0.7 percent of the global horse population, Hong Kong's racing continues to demonstrate its world-class quality. Renowned champions like Golden Sixty, the first-ever three-time recipient of the Horse of the Year award, along with G1 winners Lucky Sweynesse and Romantic Warrior, have solidified their positions among the top seven in the LONGINES World's Best Racehorse Rankings. Looking ahead, the 2023/24 Hong Kong racing season is set to commence on September 10th, promising another thrilling chapter in the illustrious history of this prestigious sport. Join in on SiGMA Group’s next adventure in the Philippines: As the inaugural SiGMA Americas and BiS Summit in São Paulo, Brazil concludes with resounding success, the journey into the captivating world of iGaming continues with the highly anticipated SiGMA Asia Summit. Set your sights on Manila this July as we invite you to immerse yourself in a PAGCOR-endorsed event that promises an extraordinary exploration of the Asian and Philippine gaming markets. Prepare for an exhilarating experience as we delve into in-depth discussions on gaming regulation, industry trends, and the boundless possibilities that lie ahead. https://youtu.be/lATEHufoUeg
Maria Debrincat 2 months ago
AGA’s key changes to responsible marketing code for sports betting ads: A proactive approach to responsible gambling
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.
Content Team 4 months ago
Bet365 rejects claims that customer was compulsive gambler
An alarming case in the United Kingdom has come to light about a gambler who lost in the region of £300,000 in just over a year. He claims that the operator was slow to take any action to protect vulnerable gamblers from harm. Despite placing a staggering 162 bets on Christmas Eve, the gambling company Bet365 rejected the claim that the individual, Vayuputra Anirudh Thotapalli, was a compulsive gambler, according to a report by The Telegraph. Problem gambling can have devastating consequences, not only on individuals but also on their families and finances. The burden of losses incurred by compulsive gamblers often remains undisclosed until substantial debts accumulate. While responsible gambling practices and customer engagement are expected from operators, some individuals manage to accumulate significant losses before intervention occurs. Thotapalli alleges that he lost approximately £300,000 between February 3, 2015, and March 10, 2016. On Christmas Eve alone, he reportedly placed 162 bets, and on different occasions, he claims to have placed more than 30 bets per day for 33 consecutive days. Among Thotapalli's claims is that Bet365 took two months before requesting documents related to his source of income. He states that he began gambling as soon as he opened an account and suffered a loss of £46,907 before being prompted to provide proof of income in April 2015. Compulsive gambling behaviour Thotapalli's defence lawyers argue that the betting activity on his account is indicative of his compulsive gambling behaviour. The trial is expected to commence soon, with witness statements being exchanged by September 15, 2023. His case is attracting the attention of other gamblers who have lost significant sums of money. Bet365 does not agree with the gambler's claims. The company states that it engaged with Thotapalli on multiple occasions to ensure responsible gambling practices were followed. A spokesperson for the company said that the customer was sent a self-assessment query a few weeks after he opened his account.  This included questions such to clarify whether the customer was in the habit of gambling until his last penny is gone, even jeopardizing his basic expenses and needs. Bet365 also claims that the customer's replies were verified with a follow up telephone call during which Thotapalli confirmed that he was able to control his gambling activities.  He passed the Responsible Gambling Self-Assessment (RGSA) on at least four occasions. UK's approach to vulnerable gamblers This case emerges at a time when regulatory changes for the gambling industry are being considered in the UK. Among these changes are proposals for stricter financial checks and limits on online bets per spin for slots. The outcome of Thotapalli's case could have implications for the industry's approach to protecting vulnerable gamblers. This will highlight the responsibility of operators in detecting and preventing excessive gambling behaviour.   Related topics: Wynnbet launches sportsbetting service in West Virginia (sigma.world) Gaming controller used to navigate Titanic submersible (sigma.world) Gaming Review: SiGMA land a new home in Brazil Stop Press: SiGMA Asia takes place in Manila on 19 – 22 July. Find out more !    
Content Team 3 months ago
Gaming Innovation Group & HardRock International mutually agree not to extend partnership
Gaming Innovation Group Inc. (GiG) & HardRock International (HRI) have agreed to a mutual termination agreement of platform and sportsbook services Hard Rock represented less than 2% of GiG’s revenues in the last 12 months, with a marginal negative contribution on EBITDA. Both parties acknowledge that despite a fruitful relationship and upswing in results through 2020 a commercial agreement to move forward could not be agreed and the strategic aims of both companies lay in separate paths. Hard Rock will immediately release GiG from the contractual exclusivity clause allowing for GiG to pursue further nationwide US business. (more…)
Content Team 3 years ago
5 COVID-19 lessons: The difference between sports betting operators dying or thriving
With 10 years of experience in both marketing and gaming, Chief Marketing Officer of Parimatch International Dmitry Belianin addresses some of the effects of the pandemic on the industry and what we can learn from this global event
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Content Team 3 years ago
U.S. states witness gaming revenue boom
States such as Michigan, Oregon, Connecticut, and Pennsylvania reach new-level highs According to data released by the American Gaming Association on Wednesday, online gaming revenue increased across all states in the US to around $4.89b in August 2022. Since the start of the pandemic, when almost all land-based gaming businesses shuttered for weeks and many maintained extended health and safety standards for more than a year, August represented the 18th consecutive month with positive year-over-year gaming revenue growth. All gaming segments improved year over year, but sports betting rose the most by a startling 116.2% due to the launch of sports betting markets in six new states over the previous year. Michigan September kept shining a light on the betting industry in the US. According to data released this week by the Michigan Gaming Control Board, the state's retail and online sports betting operators took $383.1 million in wagers during September, an increase of nearly 40% from the $229.7 million in wagers placed in August but a startling 1% decline when compared to the same period last year. With September online sports betting gross receipts more than doubling to 47.8 million, the state's licenced commercial and tribal casino operators reported a 26% rise in iGaming gross receipts to $128.7 million. This was the greatest monthly performance since November 2021. The entire combined adjusted gross receipts, which include taking promotional expenses into account, were $143.0 million. These included $27.2 million from sports betting and $115.8 million from online gambling. Oregon The Oregon Lottery's gross sports betting income for September hit a new monthly high of $5.47 million as well thanks to a significant increase in parlay wagers. Due to a margin of 27%, parlay bets provided 28% of the handle and 55% of the gross revenues. Sports betting gross income for the month was $5.47m, with the betting handle totaling $39.29m, up 57% year over year. Connecticut In September, football made a welcome comeback for bookmakers all around the country, with Connecticut serving as a shining example. In August, taxable gaming revenue was $17.73 million; in September, it was approximately $19 million, an increase of 7.1%. The state's tax revenue grew by the same percentage in September, rising from $3.19 million in August to $3.42 million. Pennsylvania Pennsylvania's legal sports betting market has seen considerable growth as well thanks to the start of the NFL season, with handle up more than 50% from August and 10.9% from September 2021 in September. The Pennsylvania Gaming Control Board reported on Tuesday that wagers on legal sporting events in the state totaled $645.2 million for the month, a 56% increase from the $363 million in August. Revenue from sports betting soared from $28.3 million in 2021 to $50.2 million this year. $43.0 million of this amount was generated by online gambling, and the remaining $7.3 million came from physical sportsbooks. According to the AGA, year-to-date iGaming revenue is $3.21 billion, up 39.9% over the same period in 2021. Sports betting and iGaming combined revenue accounted for 17.9% of all US commercial gaming revenue, an increase from the two preceding months. Join us: 14 – 18 November 2022 MALTA 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. https://youtu.be/2Qf00f4vHA8
Maria Debrincat 11 months ago