iGaming Industry
Regulating Online Gambling is More Important than Ever in Pakistan
The internet has become part of our lives in the 1990s, and since then, it has never stopped spreading.
Today, a never-before seen crowd of people are connected, and many of them are so through their pocket-sized computers the rest of the world knows as smartphones. Pakistan is quickly catching up with the rest of the world when it comes to technology – according to a report published by the Pakistan Advertisers’ Society, the country has around 28 million active mobile social users out of the over 35 million internet users in the country. This number is large enough to make issues like online gambling one that has to be addressed in the country.
Gambling in Pakistan is regulated by the Gambling Prevention Act of 1977 – a piece of legislation that’s 40 years old. As a law enacted long before the internet has become available to the public, it has no provisions that refer to any form of gambling online. This means that anyone with an internet connection can freely play at wildjackcasino.com with no control and restriction on the part of the government. This wouldn’t be such a big problem since the Wild Jack is a gaming destination with a considerable past and experience in handling gambling-related services and issues. Besides, the Wild Jack and its sister casinos are regulated by the licensing authorities of Malta, an EU country with strict customer protection, security, and privacy policies. Yet it also gives the opportunity to operators without a strong legal background to promote and offer their services to the Pakistani population – often with the sole goal of scamming them out of their money. A strict and strong regulation of the online gambling market is needed to weed out eventual illegal operators from the market.
The question of money
With no online gambling regulation or licensing framework, online gambling operators can freely offer their services to locals and generate profits – and not pay a dime in taxes to the Pakistani government. Just like in many other countries without any online gambling regulation, the population is making use of the variety of services available and spending money there – yet the government doesn’t get its fair share. Which is a situation that’s unlucky, to say the least. Budgetary considerations have led many US states to consider regulating online gambling within their borders – even some that have a strong anti-online gambling movement. Here, regulating the industry would mean at least bringing it to light – and perhaps some well-deserved input to the state’s budget. Besides, a regulated online gambling environment would help the government to form a clearer picture of gambling problems and underage gambling, issues that are constantly monitored in all regulated markets of the world.…
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Source: EEGaming.
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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