Category Archives: Online Gambling

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The USA and Canada dont just share the same continent. Their cultures, traditions, even their affection towards sports and games of luck are similar. Thus, online gambling falls in this basket, too.

But the shared enthusiasm for online gambling isnt enough to say that these two countries are equals in this field. What drives the knife in and cuts them apart are their laws. The US and Canada are federations with both federal and state/provincial gambling laws; however they differ drastically.

Namely, Canada doesnt allow hosting an online gambling site but has no problem with offshore betting or playing online games. And the US regards it quite the opposite.

So what do these two neighbors have in common, and where do they part ways when it comes to online gambling? Read on to discover how online gambling is different in the US and Canada.

One of the most researched questions is whether online gambling is legal in the US. This can be considered a tricky question considering the number of Acts passed which regulate this matter.

One of the more famous ones is the Wire Act from 1961, which banned certain types of gambling. However, because it didnt expressly prohibit online gambling, in 2011, it was decided that this extends only to sports betting. This ultimately made it possible for states to individually make a decision on the legalization of gambling.

Today, the US allows online gambling. Or better said, the federal law legalized online gambling but left the details to the states. So, if youre thinking of gambling through the Internet in the US, you first have to check what the state gambling law allows and prohibits.

Another thing to remember is that although online gambling is legal inside the US, that isnt the case for offshore web gambling!

On the other hand, there is Canada and its laws. The legal hierarchy is the same but yields different results. In other words, online gambling inside Canada is prohibited, but the act itself is not. This means that you can place bets or play online games in any offshore web casino.

The reason for this is that the Government of Canada doesnt issue licenses which makes gambling on its territory legal. But, there is a slight catch here!

Kahnawake a Mohawk territory in Canada, established the Kahnawake Gaming Commission, which licenses gambling on Mohawk territory. Considering that this is a sovereign territory, best online casinos Canada players can access are based right here.

In Canada, you can gamble in online casinos from any province. However, in the US, there are states that prohibit gambling in an online casino. Here is a list of states where online casinos are legal:

Online sportsbooks are different but they are worth to be mentioned here, mainly because of their effect on the online gambling industry.

As an example, we can consider Canada. There are some different rules from those applied to online casinos. In 2021, single-game sports betting became legal in this country and this is a huge step for the whole online gambling world in the Great White North.

South of the border, however, the USA, has been regulating online sports betting since 2018.

Here is where things go in totally opposite ways.

The Great White North has zero-taxation tied to any winnings you make on online gambling. So, if you win a million, lucky you you get to keep it! This is what happened in 2015 when a lucky Canadian won around CA$7.5 million on a progressive slot jackpot.

But in the US, things are a little different. There is a flat 25% taxation on any winnings you make. You can even make as little as $1, but you will still have to pay the tax. There is an option to get the reduction given only to those that take gambling as their main source of income.

Yet, this requires filling out other forms and is a potential basis for other taxes.

Provided that Canada allows its players to enjoy only offshore online gambling, its safe to say that Canadians enjoy every game provider on the market. They are not tied to the laws in Canada, so regardless of being European, Asian, or other developers, Canadian gamblers are free to choose!

In the US, we have a different story. Namely, only Scientific Games, Betsoft, and Real-Time Gaming (RTG) are licensed to place their games in the US, and this narrows the circle for US players.

Still, on the plus side, things have been changing recently. Some states like Nevada or New Jersey have introduced other international game developers, which opens the doors for many more in the future.

The US and Canada both have the same payment methods for withdrawals and deposits. You can use Skrill, Neteller, Interac, Visa, MasterCard, cryptocurrencies, or any other method you prefer.

When it comes to currencies, the US has an advantage seeing that the dollar is vastly used internally and in offshore casinos!

Promos are offered because of the big market competition. So having this in mind, its clear why Canadians have better chances to get a bigger bonus than US residents. It doesnt mean that there are no big bonuses in the USA, but simply online casinos can agree better around them since the market is limited.

These are the main differences and some similarities between the US and Canadian online gambling markets. Both of them have their strengths and weaknesses.

Some might think that Canada is better off without any laws and should stay in its current position. However, having your countrys laws back you up in any potential fraud or other problem is a major win for the US.

Nonetheless, both countries are working toward clearing all obstacles on their paths. So we are sure that Canada will regulate this matter in the near future, and the US will open its doors to international gambling casinos.

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How is online gambling different in the US and Canada? - dailynewshungary.com

Minnesota is on the precipice of the largest gambling expansion in 40 years while holding only four hearings in the state House and zero in the state Senate. And now the Star Tribune Editorial Board has weighed in on the supposed benefits of making online gambling "legal [and] regulated" ("Sports betting's time may have come," April 3).

I and many other Minnesotans believe we'd be better off without online sports gambling. It was troubling to see the Star Tribune jump on the gambling bandwagon without a full and open discussion of the facts.

Let's start with the most obvious reason why the state shouldn't legalize online sports gambling: Its predatory advertising will create an even larger number of poor Minnesotans, while government and mega-sports gambling companies profit from the "get rich quick" and "join the fun" advertisements that flood television and social media.

This attempt to expand gambling here isn't happening by chance. It's happening because companies like FanDuel, DraftKings, Caesars and MGM are spending millions to make it happen. You can be sure it's a good bet for these companies because just as with Vegas casinos, the house always wins. These companies are poised to win big if more states legalize online gambling.

Sadly, many Americans fall victim. According to a study by the University at Buffalo Research Institute on Addictions, "the poorer the neighborhood, the higher the risk for problem gambling. In areas with the highest 'neighborhood disadvantage' determined by census factors ... more than 11% were problem gamblers, compared to just 5% in neighborhoods ranking in the top fifth of economic advantage."

Research also proves that proximity to gambling is key to determining how many will become addicted. Fifty years ago, gambling required a plane trip to Las Vegas it wasn't readily available to the average American. (There's a reason why Nevada consistently ranks high in suicides and bankruptcies. I guess that's the price they've chosen to pay.)

With the legalization of tribal gaming along with a state lottery, racetracks, electronic pulltabs in bars, charitable gambling and many other forms, gambling is now readily available in every corner of Minnesota. Legalizing electronic sports gambling would transform every mobile phone into a slot machine and sports bookie's dream: You could sit on your sofa and place wagers 24/7 with virtually no limits and no oversight.

We know a lot more about brain chemistry today than we did 40 years ago when modern casino-style gambling arrived in Minnesota. We know that advertising draws in a lot of potential gamblers with their advertising or "hooks" as they're known in the industry. Online sports betting is advertised as "entertainment" and we're told again and again that "everyone is doing it the state might as well make some money off of it."

That argument supposes that there's no social cost to having more gamblers place easy bets 24/7 from their home or dorm room. But there is a price and it's a significant price for the 2.5 million Americans that already have a severe addiction to gambling.

These individuals have no outward signs of addiction yet they are slowly gambling away their futures, their family's future and oftentimes their very lives as they quietly bet on a better outcome that never occurs. According to the Wall Street Journal, "problem gamblers carry an average of $55,000 in debt and more than 20% end up filing for bankruptcy." Or worse.

That's an enormous cost not only for those gamblers but also for communities where businesses suffer from crimes committed by those addicted, law enforcement must prosecute crimes related to gambling problems and families suffer in silence as a silent addiction threatens to cost them their home, their marriage or even their loved one.

This largest expansion of gambling in 40 years deserves serious and transparent debate. We deserve better than the hasty decision being forced upon us by a multibillion-dollar industry eager to rake in even greater profits as some Minnesotans gamble away their futures.

Annette Meeks is a board member, Citizens Against Gambling Expansion.

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OPINION EXCHANGE | Editorial Counterpoint: Take time to weigh risks of sports betting - Star Tribune

Gambling can be fun and games, as long youre following the rules of the official regulatory body in your country of residence. If not, you may find yourself in numerous financial and legal problems. If you are thinking about joining an online casino or bingo community, make sure that you are familiar with all the laws regarding gambling in your country, as well as the terms and conditions of your chosen online casino. Above all, know when to stop. Gambling addiction is a worldwide problem, especially in the UK, one of the biggest online gambling markets with fully regulated games of chance and skill.

UK-based online and offline operators are the ones carrying the biggest burden of responsibility towards players and the community; in order to get their hands on the gambling license, they must meet the following requirements:

In the first place, players need to be aware of one important thing: online casinos are not banks, nor a way to earn money for life. Every person who enters an online or land-based gambling facility needs to keep in mind that gambling is, above all, a way to relax and entertain. Unfortunately, there are lots of people who take gambling too seriously, and due to that, can slip into major financial troubles, as well as problems with anxiety and aggression. Know your limits regarding money and time.

As a part of the Responsible Gaming section, online and land-based casinos must provide secure ways of depositing and withdrawing for the clients, if they want to be a part of the UK gambling market. Luckily, for both operators and players, the UK market has plenty of options available. Lets name a few:

Pretty convenient and fast option. Its available in almost all UK-friendly online casinos, and more often than not, moving money this way doesnt come with a transaction fee. However, since its a direct transfer, be sure to give the correct information to your bank clerk. Sometimes, transferring money from the bank straight to your casino account may be done by phone; you need to double-check if you shared the correct information. This is one of the most private ways to replenish your account, as your bank information is not shared with third parties.

Practical and simple way; all you need to do is to hop to the nearest UK-located gas station, or a supermarket, take a prepaid PaySafeCard, and in exchange, give cash, of course. The players in the United Kingdom appreciate this payment method, due to high levels of privacy and security.

Definitely a more complicated method, but worth the time. Players who opt for PayPal must be patient; opening a PayPal account, linking it to your bank card, and waiting to pass the casinos verification procedure may take days. But, when the entire process is done, you are in for simple and safe transactions, with low fees, and cash-out times that dont take longer than a few minutes. Withdrawals usually take a couple of days, however, more and more operators provide very fast PayPal payments sometimes within minutes.

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Responsible Gambling in the UK: Online Casinos and Bingo - TechRound

Gambling has existed for millennia, but only recently it has become one of the most prominent sources of entertainment.

When it comes to technology, it only seems sensible that gambling would be a front-runner in the industrys growth and advancement.

Because of this, gambling is now available to anyone from all across the globe at any given moment thanks to the internet and all of its benefits.

The online gambling business has become a part of this transformation, with many nations resorting to online gambling as a source of money as well as amusement.

As a result, today you going to look at ten nations that are raking in big money by betting on the internet.

The flashy pictures of Las Vegas spring to mind whenever gambling is discussed.

A long-standing stereotype has been that the United States is a country of gamers.

However, contrary to popular belief, the United States is not the worlds most prolific gambler.

In reality, some of the worlds most prolific gamblers come from nations that are considered the least suspicious.

Online gaming in Europe has risen rapidly over the last several years.

Online gambling is expected to increase at a staggering CAGR of 9.2% between 2020 and 2025, greatly outpacing the expected growth of land-based casinos over the same time period.

Approximately 1.6 billion individuals from all over the globe participate in online gambling.

Nevertheless, the worldwide online gambling business continues to show that this really is among the most dynamic sectors in the world of entertainment.

With Macau, the United States remains the worlds leading online gambling market, thanks to Nevadas open casino sector.

Casinos are still permitted in a few states, either on tribal reservations or privately managed, despite the majority of states prohibiting internet gambling.

State lotteries are also available in the majority of US states.

It was in 2013 that the first states began to regulate online gambling: Nevada, New Jersey and Delaware.

Delaware as well as New Jersey have legalized internet casinos and poker businesses in Nevada.

Everywhere, sports betting on the internet is illegal.

Gambling fans are also a large part of the population in this country, which is also one of the worlds most populous.

Sports bets are the primary focus here. Macau is well-known for being Chinas sole legal gaming jurisdiction.

As a result of its enormous popularity among tourists, it has developed into one of the worlds greatest online gambling markets.

All forms of gambling have been prohibited throughout the remainder of China.

Lottery, as well as sports betting, bring in an estimated $50 billion in revenue each year.

Macau-based casinos bring in an additional $21 billion, with VIP players accounting for two-thirds of that total.

Gross gambling income in France was 12.2 billion euros in 2019.

In addition, in 2019, approximately 17.4 million French citizens in France participated in gaming activities.

In contrast to the rest of Europe, France is a fairly gambling-friendly nation.

All forms of gaming are permitted and controlled in this country.

Card games, live casinos, sportsbooks, and horse racing betting may all be found in land-based gambling establishments.

Except for casino games, all of these forms of gambling may be offered by internet suppliers.

Casinos, as well as online gambling companies, may be found all throughout France.

In 2019, gross gaming revenue was $18.1 billion.

Since the Roman period, Italy has had a long history with gambling.

No one can refute the fact that Italians have a fondness for gambling.

Gambling, wagering, and lotteries are all allowed in the United States.

When compared to other European nations gambling rules, Italys are regarded as somewhat lenient in comparison.

Online casinos, gambling cash, and poker tournaments all contributed to the Italian gambling industrys total wagered of 110 billion euros in 2019.

In 2019, Spains gross gaming revenue was $8.9 billion.

Codere casinos take in an estimated 1.9 billion euros a year from Spanish gamblers, which equates to around 480 euros per person or 15% of the average net family income in Spain.

It was the goal of such Spanish Gambling Act to supervise betting sites in Spain, enabling Spanish players to participate in popular Spanish online casinos as well as existing lottery companies LAE and ONCE to continue offering their games.

Canadians are more likely to engage in online casino wagering than residents of most other nations, with an approximated 75% of the population participating on a regular basis and spending an average of C$750 a year on the pastime.

Several of the most famous online casinos will get their licenses from the Kahnawake Gaming Commission in Canada.

Casino review sites sophisticated casino rating system may be one of the greatest methods to go through the possibilities and discover some of the most trustworthy sites and the best offers.

In 2019, gaming gross receipts were 14.3 billion euros.

German gaming income is predicted to hit 3.3 billion euros before 2024, according to industry projections.

Presidents from across the world met in 2020 to discuss legalizing the online gambling industry, which included online casinos as well as online poker.

Online casinos now have the ability to provide poker, slots, and sports betting among German players as a result of recent legislation changes.

Despite having the most stringent gambling laws in the world, the United Kingdom is known for having the most robust and financially secure online gaming business.

Licensed online gaming companies in the United Kingdom are required more by UK Gambling Commission to use GamStop and also its Self-Exclusion programme.

With a considerable portion of the worldwide gaming sector, the United Kingdom is a major player.

The UK Gambling Commission estimates that the countrys gambling revenues totalled $19.2 billion between April 2019 and March 2020.

In terms of overall income, online gaming accounts for around 40% of that.

When it comes to internet gaming, Poles are among the first to embrace it.

No Polish internet casinos exist at the moment due to a lack of licenses for corporations to start one, but it will be allowed for Polish citizens to sign up for accounts at casinos situated elsewhere.

In Poland, there seem to be a lot of gamblers.

There are hundreds of wagers on casino gambling games as well as sports betting every day.

Online casinos, land-based casinos, lotteries, and sportsbooks approved by the Polish government all allow its customers to legally make bets.

Both in terms of eliminating taboos regarding the gambling industry, and in terms of the screening and control of the regulated online gambling sites it allows to operate, Japan is an anomaly among Asian nations.

As a result of the high level of security and the desire for online betting that the Japanese have, they have spent about $20 billion every year.

Like the UK, the alternatives accessible to the Japanese are likely to be legitimate.

It doesnt matter whatever online gambling market size were looking at, gambling seems to be doing strong.

In terms of betting on traditional and virtual games, it is the best time ever.

Despite this, Asia-Pacific, North America, as well as Europe remain the top three areas for gambling income by nation.

We may soon see casinos for Irish players emerge as a worldwide leader in iGaming because more and more states open their doors to the global online gambling market.

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The ten countries with the biggest online gambling revenues - South West Londoner

Continent 8 Technologies is launching its Public Cloud solution in Toronto, Ontario in response to customer demand for cutting-edge cloud solutions now that the province has opened its doors to online gambling.

As of 4 April 2022, the province permits private gaming websites with appropriate licensing to start taking wagers.

Already live and licensed in several North American markets including New Jerseys Atlantic City since 2015, Continent 8s proven Public Cloud platform offers customers a multi-tenanted, scalable and resilient IaaS platform that allows them to host infrastructure as virtual machines.

Key features of the platform include a self-service portal with template-based provisioning, feature-rich edge devices, the ability to integrate with Continent 8s Co-Location, MPLS network and Cloud Connect services, as well as DDoS protection and additional cybersecurity services.

A significant benefit for customers utilising the cloud is that it eliminates the need for ongoing hardware investment which in turn provides the flexibility to pay for resources as required. In addition, Continent 8 fully manages the cloud environment, removing the need for customers to maintain and support infrastructure and instead focus on their business.

Michael Tobin, CEO and founder of Continent 8 Technologies, said: Launching our solution in Toronto forms part of our wider expansion plans for North America where we are growing rapidly to meet the demand for this vertical and other rewarding markets. Our customers can be assured that in Continent 8 they have an infrastructure partner that can support them in any location they need.

Justin Cosnett, chief product officer at Continent 8 Technologies, added: We have seen a surge in demand for our Public Cloud solution in Ontario since the province confirmed that it would be opening its doors to legal online gambling for the first time this month.Continent 8 is no stranger to providing its services in new markets globally. Our presence in Toronto forms part of our unrivalled connected network that spans four continents.

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Specialist digital infrastructure provider responds to customer demand as province regulates online gambling market - iGaming Business

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All The Bitstarz Bonus Code Offers and Promos Available Right Now - The News Minute

Zion Williamson returned to New Orleans to continue rehabbing his foot injury and was cleared for one-on-one drills, but most likely wont return to the Pelicans before the end of the regular season, and its also a slim chance hell be ready for the NBA playoffs.

Zion, the former #1 pick in the 2019 NBA Draft, hasnt played in a single game this season. However, diehard fans are clinging to the notion that theres still a chance Zion will return to action during the prelude to the playoffs with the Western Conference play-in tournament.

The Pelicans (30-42) currently occupy the #10 seed in the Western Conference playoff standings. With 10 games remaining, they hold a 1.5-game lead over the San Antonio Spurs on the bubble. The Portland Trail Blazers are only three games behind the Pelicans.

Last summer, Zion fractured his right foot during offseason workouts. The Pelicans hoped he could be ready soon after the start of the season, but his foot injury didnt heal as fast as everyone desired, so his return was delayed.

Both Zion and Pelicans got a batch of bad news in December after he was cleared for light practice. He suffered a major setback in his rehab after he had pain and swelling in his right foot. He got an injection to speed up the healing process, but it didnt work, so his return was postponed indefinitely.

After two months without much improvement, Zion consulted with a specialist and considered getting a second surgery in February. If he underwent the knife a second time, there would be zero chance to return for the regular season or postseason.

Zion caught heat from ex-teammate JJ Redick for not being more involved as a teammate. He spent the last two months in Portland rehabbing his injury and not in New Orleans, so he was never at the practice facility or traveling with the Pelicans for road games.

Every player has a different method of rehabbing from injuries, but a lot of players want to be in close contact with their team and teammates. Zion maintained a distance from the organization, which has led to rampant speculation that his days with the Pelicans are numbered.

Perhaps the shade from Redick lit a fire under Zions ass, but he returned to New Orleans to continue his rehab.

Ideally, the Pelicans would like for Zion to play the last couple of regular-season games before the playoffs begin with the play-in tournament. However, Zion has yet to be cleared for regular practice sessions. Even if he returns to full-contact practice this week, it will take an unknown amount of time before his conditioning returns and hes back in game shape.

We still have to be careful with how much he does, said New Orleans head coach Willie Green. Just because hes still going through the healing process. But were happy that hes getting better. I know it feels good for him to finally be able to get on the floor and doing some of the things hes doing.

For now, its just one-on-one drills with assistant coach Corey Brewer. At least the results included a few eye-popping dunks that Zion posted on Instagram.

As far as right now, the update is the update, added Green. Zion is still out indefinitely. Were still working [on him] being fully healthy, which hes not. But hes getting there.

Its a tight race on the Western Conference playoff bubble for all parties involved. The Pelicans are closing in on the struggling #9 Los Angeles Lakers (31-42), and trail by just a half-game. The only benefit of the #9 seed is that they host the #10 seed in a single game, with the winner playing the loser of the #7 vs #8 game.

The Pelicans have 10 more games remaining in the regular season, but the Lakers play only nine more games.

If the Pelicans win the play-in tournament, theyll be awarded the #8 seed and face the top-seeded Phoenix Suns in the first round of the playoffs.

DraftKings posted a prop bet on whether or not the Pelicans will make the playoffs. Yes pays out +330, while no is the favorite at -500 odds.

FiveThirtyEight estimates the Pelicans have a 27% chance to qualify for the playoffs, but a 0.07% chance to win the Western Conference and advance to the NBA Finals. They also project that the Pelicans have an astronomical 0.02% chance to win the NBA championship.

According to DraftKings, the Pelicans are a long shot at +40000 odds to win the 2022 NBA Championship.

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Could Zion Williamson Return to the Pelicans for the... - Online Gambling

FRANKFURT, Germany--(BUSINESS WIRE)--MV Index Solutions GmbH (MVIS) today announced the launch of the BlueStar Global Online Gambling, Video Gaming and eSports Index (ticker: BVGOG) and the BlueStar Israel Infrastructure Index (ticker: BILIN).

The BlueStar Global Online Gambling, Video Gaming and eSports Index (ticker: BVGOG) tracks the performance of global companies active in online gambling, video gaming, and eSports segment. The index includes companies that generate at least 50% of their revenue from online gambling platforms or related software; video game development and related software or hardware such as computer processors and graphics cards used in video gaming systems, controllers, headsets, and gaming consoles; streaming services or video games and/or hardware for use in eSports events or are involved in eSports events such as league operators, teams, distributors and platforms.

We are pleased to announce the launch of the BlueStar Global Online Gambling, Video Gaming and eSports Index. The fight among online content and entertainment companies for screen time has only intensified over the last few years. With wider adoption of online gambling and sports betting throughout the US and the rest of the world, and incorporation of augmented and virtual reality in video gaming, the companies included in this index are in prime position to be amongst the winners, said Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.

The BlueStar Israel Infrastructure Index (ticker: BILIN) tracks the performance of companies involved in the development and maintenance of Israeli infrastructure including energy projects, construction, telecommunications, and related civil services. The index compromises companies that generate at least 50% of their revenue from construction, telecommunication services, infrastructure services that contains recycling and waste management services, and port operators, infrastructure REITs and investment companies, clean energy, other energy that includes oil and gas distribution and refining, as well as power plants.

The Israeli economy has remained one of the strongest and most resilient of developed markets for more than a decade. Israel has a young and growing population with a relatively high level of immigrants arriving each year. Furthermore foreign direct investment by international companies setting up shop or expanding operations in Israel continues to increase. Both the public and private sector in Israel have the incentive and wherewithal to invest in Israels national infrastructure to support this growth, Mr. Kaplan added.

The BlueStar Global Online Gambling, Video Gaming and eSports Index (ticker: BVGOG) and the BlueStar Israel Infrastructure Index (ticker: BILIN) are weighted by free float market capitalisation and are calculated in USD as price indices, total return net indices and total return gross indices. The BlueStar Global Online Gambling, Video Gaming and eSports Index (ticker: BVGOG) is reviewed on a quarterly basis. The BlueStar Israel Infrastructure Index (ticker: BILIN) is reviewed on a semi-annual basis. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.

Key Index FeaturesBlueStar Global Online Gambling, Video Gaming and eSports Index (ticker: BVGOG) Number of Components: 50Base Date: 31 December 2020Base Value: 100

Key Index FeaturesBlueStar Israel Infrastructure Index (ticker: BILIN) Number of Components: 29Base Date: 31 December 2017Base Value: 100

Note to Editors:

About MV Index Solutions - http://www.mvis-indices.com

MV Index Solutions (MVIS) develops, monitors and licenses the MVIS Indices and BlueStar Indexes, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 35.24 billion in assets under management (as of 25 March 2022) are currently invested in financial products based on MVIS/BlueStar Indices. MVIS is a VanEck company.

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MV Index Solutions Launches the BlueStar Global Online Gambling, Video Gaming and eSports Index and the BlueStar Israel Infrastructure Index -...

Amy Howe knows how to grab headlines.

Soon after she became CEO of fantasy sports and betting giant FanDuel Group, Howe made a splash by pointing out that the she was concerned about how the industry spends money to scoop up customers.

"If you look at the way we've been deploying our dollars in our customer acquisition costs relative to the value of the customer, we obsess about that," Howe said, in an interview with CNBC after New York state launched mobile sports betting in January. "We want to make sure that we're reaching the broadest and the right audience, but we're doing that in a fiscally responsible way."

Jette Nygaard-Andersen, CEO of the global gaming company Entain, is also outspoken about what she sees as unsustainable spending on advertising, marketing and promotions in the U.S. online gambling industry.

Nygaard-Andersen and Howe, women who snagged their gaming CEO jobs last year, are shaking up the evolving sportsbook and online gambling industry, which has been traditionally been dominated by men. Both see the importance of their roles in the bigger picture, from business and cultural perspectives.

"I don't think about myself as a female CEO," Nygaard-Andersen said, before shrugging and adding: "I show up because I'm a leader in the industry. I have ambitions to change the industry, both what we're doing on the product side, but certainly also how we think about the industry from a diversity and inclusion perspective."

She and Howe are also compelling the industry to think about how it spends money. The CEOs' concerns about costs carry weight, and they elevated a nagging concern for investors: How much is too much to spend to acquire gaming customers?

Sports betting companies often offer generous promotions to customers, such as sign-up bonuses or risk-free first bets to try to secure customer business. But those promotions eat into profits. In some states, such as New York, companies pay taxes on those promotions as gaming revenue, rather than being able to deduct them as marketing expenses.

FanDuel's biggest U.S. competitor, DraftKings, which is led by founder and CEO Jason Robins, is under pressure to plot its path to profitability. Analysts press Robins in earnings calls to explain customer acquisition costs and marketing budgets. Caesars CEO Tom Reeg launched the Caesars Sportsbook app in August 2021, with an attention-getting billion-dollar marketing budget. But then he immediately detailed plans for a return on that investment by 2023, a common target for profitability among sports gambling platforms in the U.S.

Nygaard-Andersen has pushed for different ways to pick up customers. She points to a strategy that capitalizes on the allure of the recreational aspects of gaming entertainment, including free-to-play games. In a recent interview with CNBC, Nygaard-Andersen said it's paying off: Entain grew its global customer database by 25% last year, in addition to double-digit gains in 2020.

"That really puts us aligned with other companies that are high growth customer focused disruptors, like the Netflix and the Google, " she said. "And just like them, we use our technology to constantly think about how can we could say, evolve our offering, how can we innovate on behalf of the customers."

BetMGM, which is co-owned by Entain and MGM Resorts, has taken first place in market share for internet gaming and casino games and is competing for second place in sports betting in the states where it operates, according to MGM Resorts.

Entain just announced it will invest GBP100 million in an innovation lab dubbed Ennovate to encourage cutting-edge technology from all corners of the globe and partnering with nonprofits to apply those innovations for environmental or societal benefits.

Given the focus on the use of technology to entertain and even inspire customers, Nygaard-Andersen said it's especially important that the tech itself is free from biases in the programming data sets and the artificial intelligence that powers the platforms. "It's about the underserved groups. It's certainly about women, and it's about young girls."

Nygaard-Andersen's became excited when she talked about Entain's investment in Girls Who Code, an organization dedicated to closing the gender gap in technology. "If we can get more girls excited about technology, then you start from an early age. And the minute that girls know that, they can be superstars," she said.

Howe shares Nygaard-Andersen's passion for expanding opportunities. She said she is enthusiastic about FanDuel's parent company, Flutter, publicly setting an aggressive goal to have 40% of leadership roles in the company filled by women by 2026.

"Fifty percent of sports fans are women, right? But only 15, maybe 20% of the sports betting population," Howe said. She said it is a priority to support female athletes, promote women's sports and "target female customers in a really authentic way."

Howe also makes it a daily practice to encourage, mentor and network with other women. At the recent MIT Sloan Sports Analytics Conference, numerous women credited Howe with hiring them, or promoting them, or connecting them to high level jobs in sports. "I mean, she's not my boss, like, I don't report to her," one FanDuel employee told CNBC. "But she's THE BOSS and to me, she's like a god."

Howe said she is committed to a strategy of inclusion that she believes will help strengthen the company for years to come.

"I know that I'm in a position where I can give back, and it's something that it drives me to be a better leader," she said. "And I truly believe it's going to make our our company, our industry, successful over time."

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Meet the women who are shaking up the male-dominated gambling industry - CNBC

The online gambling market has been thriving in recent years, but that is an era that might face changes soon. The British government could be preparing to implement new restrictions onto online gambling platforms in line with their objective to limit harmful gambling. Business owners on the market are sceptic to the effectiveness.

The potential new policy would be similar to the one implemented on physical gambling business in 2018, which limited the maximum stake limit on electronic slot machines drastically. Ultimately, the new regulations may prevent British online casinos from providing generous bonus offers, and also put an upper limit on deposits and increase affordability checks.

The new policy would add to the UKs status as holding one of the strictest regulated gambling markets in the world. The policy would not, however, prevent websites such as https://www.spinsify.com/uk/new-casinos/ from continuing to list all the newest UK online casinos and compare different casino deals to customers, according to whichever regulations were in place at the time.

Alleged discord between market and policy data

The market is torn in their responses to whether the new policy would be effective or not. Following the implementation of the limitations on brick-and-mortar casinos, many business owners argued that the limited gambling simply forced their customers to seek other alternatives, such as online casinos, while many of the shop workers were forced to lose their jobs as the demand decreased.

For online casinos, this might translate to customers seeking potentially less safe online casinos abroad, in order to avoid new regulations. Some British gambling workers therefore argue that the outcomes will be disproportionate to the harm that has been avoided. This discord is also shown in the disagreements between market employed and policy makers around the market data.

The academic and policy driven data tend to present data showing that the majority of gambling revenue profits stem from VIP gamblers, those who spend the most money, including those with the largest losses. The business owners, however, claim that the share of revenue stemming from problem gamblers is but a few percent of the total income.

Other national strategies to battle harmful gambling

The UK Gambling Commission has long been committed to and produced various strategies to battle harmful gambling in the country. One of them has included the policy limiting deposits to physical electronic slot machines mentioned above.

Another has been the introduction of multi-operator self-exclusion with GAMSTOP. This is a service wherein gamblers themselves can choose to exclude themselves manually from gambling platforms. All licensed gambling operators are obligated to honor the self-exclusion scheme.

A third way that the Gambling Commission has worked to actively combat harmful gambling is through their Local Authority (LA) program. By regulating and analyzing gambling habits and risks on more local bases, the Commission aims to approach harmful gambling as a public health issue.

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New online gambling legislation on the rise - Solihull Observer