iGaming Industry
Joan Barron says Locals are controlling gambling in Wyoming
Because of differing cultures, Wyoming’s cities, towns and counties are in the best position to regulate the games of bingo and pull tabs.
That was the main argument in the debate over which entity should regulate the games. The alternative was to put the game regulatory authority under the Wyoming Pari-Mutuel Commission.
But that move would grow state government, which is an unpopular approach in light of the state’s fiscal problem.
Local control prevailed last week as the Legislature’s Joint Interim Committee on Travel, Recreation and Wildlife voted for a bill to be introduced during the short legislative session in February.
Sen. Bruce Burns, R-Sheridan, who proposed the bill, said that currently the games operate unfettered with no oversight whatsoever.
Thus, if a player or other resident suspects the barkeep, for example, is siphoning money from the pull tabs pot he or she has no place where a complaint can be lodged.
If the committee bill passes and a city or county decides to regulate the games, the people can take their complaint to the local police or the sheriff’s office.
The bill also creates some income for the cities and counties that regulate the games.
The draft bill allows the locals to set reasonable fees of up to one percent of the net profits.
“I’m not trying to get rid of the pull-tabs,” Burns said in an interview last week. “The bill is intended to be revenue neutral. I want local officials to know who’s running the games.”
Letting the locals decide if they want to regulate the games is the right step given the different values and cultures in the state.
Campbell County and the City of Gillette, Burns noted, do not have the same culture as predominantly Mormon communities like Lovell and Cokeville or Alpine, which are more likely to oppose gambling.
However, these communities have no control whatsoever over the games now. If they don’t want to regulate the games, they don’t have to do so.
For many charitable organizations the income from the games is critical to their operations.
In Sheridan, Burns said, he knows of three charitable organizations that would close within six months without the income from bingo and pull tabs operations.
The current law requires operators of bingo games to contribute 65 percent of the net profits to charitable organizations. For pull tabs the contribution is 50 percent of net profits.
Giving the regulatory task to the locals will avoid expanding an existing state agency or setting up a new one like those in surrounding states.
In Colorado, the Secretary of State’s Office web site has 55 pages of detailed rules on bingo games, including electronic bingo and raffles.
The state of Montana’s list of rules is even longer. Montana’s program is run by the state’s Gambling Control Division. Under Montana law, businesses must have a liquor license before they can conduct some gambling activities like live card games and video gambling machines.
In Wyoming, bingo has to be a live game, Burns noted. Electronic bingo is not legal.
During the committee meeting, Mike Moser, executive director of the Wyoming Liquor Association, said his organization doesn’t support the bill.
But Moser, who was part of a small task force group appointed to work on the bill, said it would prevent fly-by-night questionable operations from moving into the state.
Rick Kaysen, the executive director of the Wyoming Association of Municipalities and a former Cheyenne mayor, said his association doesn’t necessarily favor the bill, either.
But Kaysen, who also was a member of the task force on the bill, said it is “workable,” and reflects an issue that has been discussed for the last years in particular.
Until fairly recently Wyoming had a reputation as an anti-gambling state.
Yet bingo games in Wyoming have been less tightly regulated than in most other states.
The state currently allows tribal casinos, a state lottery, horse racing and off-track betting. The Legislature didn’t adopted the lottery until 2013.
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Source: EEGaming.
Alejandro Navarro
Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform
Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.
Opening Casino Ownership to Everyone
The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.
This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.
“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.
Direct Profit-Sharing Through Tokens
Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.
“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.
Global Growth of Online Casino Ownership
The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.
Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.
The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.
New Opportunities for Investment
Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
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.
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