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iGaming NewCast: UM News - 16-12-2024
Summary
News Summary: Key Developments in the Gaming and Betting Industry
FanDuel Strengthens Government Relations
FanDuel has appointed James Hartmann and Louis Trombetta to its government relations team. Hartmann brings over a decade of experience in regulatory strategies, while Trombetta, formerly of Florida’s Gaming Control Commission, adds deep industry knowledge. Their expertise will support FanDuel’s efforts as more states consider legalizing online gaming.
Soft2Bet Launches Festive Gaming Engine
Soft2Bet has introduced a Christmas-themed gamification platform as part of its MEGA series. Players can engage as Santa Claus in a skill-based game, earning rewards and enhancing holiday entertainment. The innovative system integrates across casino and sportsbook brands, aiming to boost player retention and operator revenue.
Brazil Approves 71 Online Gambling Licenses
Brazil’s Secretariat of Prizes and Bets has granted federal online gambling licenses to 71 companies. Operators must meet stringent compliance requirements, including a $5.2 million entry fee and adherence to anti-money laundering protocols. The licenses will help establish a regulated betting market set to begin in 2025.
MGM Sets Industry Standard in Responsible Gaming
MGM Resorts International has certified over 1,000 employees in its GameSense program for 2024. This initiative trains staff to promote responsible gaming, educate guests on odds, and connect individuals with resources. MGM’s commitment reinforces its leadership in fostering safe gambling environments.
Esports Betting: A New Frontier
Oddin.gg CEO Vlastimil Venclik predicts immersive technology and AI will reshape esports betting by 2025. Innovations such as real-time first-person perspectives and AI-driven predictive models will elevate player engagement and market accuracy. Esports betting is evolving into a major pillar of modern entertainment.
Philippines Ends Offshore Gaming Operators
The Philippines will shut down all Philippine Offshore Gaming Operators (POGOs) by December 31. The crackdown addresses issues like fraud and human trafficking. The Philippine Amusement and Gaming Corporation (PAGCOR) has revoked licenses and set fines for unauthorized operations, signaling a stricter regulatory stance.
US Senate Tackles Sports Betting Regulation
The US Senate Committee will discuss the SAFE Bet Act on December 17, focusing on player protection and limiting advertisements in sports betting. While proponents emphasize public health, the American Gaming Association (AGA) opposes federal restrictions, arguing that current state-level regulations are sufficient.
Betfair Ad Cleared by UK Advertising Standards Authority
Betfair’s radio ad promoting its Prize Pinball game has been deemed compliant by the ASA. Despite concerns about appealing to minors, the ASA found no violations, affirming Betfair’s adherence to responsible advertising standards.
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