iGaming Industry
The University of Las Vegas weighs in on Japan’s casino industry
The University of Las Vegas’ International Gaming Institute has published two research reports on the nascent Japanese casino industry.
Its first report, the 100-page “Socio-Economic Impacts of Japanese Integrated Resorts” publication analyses the impact of an integrated resort casino, with a particular focus on Japan’s goals for the project which include encouraging the Japanese tourism market whilst also minimising gambling addiction and related crime.
Researchers from UNLV state that “Japan is in a fortunate position. There are many jurisdictions that have developed large IR projects and can serve as case studies for appropriate policies. The science behind socio-economic impacts of casino IRs has also improved significantly in the past 15 years, providing practical guidelines for many decisions.”
It later goes on to add that “The addition of a major tourism-oriented IR development would complement this existing economy and infrastructure with some significant socio-economic advantages.
“In fact, of all of the ways in which the gambling act can be commercialised, this type of IR achieves the tourism metrics sought by Japan (outlined in the above section) best. Crucially, policymakers have a significant opportunity at this stage to positively impact how the IRs contribute to these desired goals.”
The second report, “Practical Perspectives on Gambling Regulatory Processes for Study by Japan: Eliminating Organised Crime in Nevada Casinos” illustrates how gaming regulation can help Japan to eliminate organised crime in the casino industry, suggesting the introduction of a rigorous licensing regime with internal controls and compliance practices.
Using regulation in Nevada as its comparison model, the report suggests pre-licensing background investigations and post-licensing enforcement structures designed with the objective of stopping criminal organisations from infiltrating the Japanese casino industry.
The report concludes that “embracing this regulatory approach to prevention and/or elimination of organised crime will be especially crucial for a number of reasons.
“First, the global gaming industry (as well as the general public) is well aware that the Yakuza have been active in gambling activities in Japan, which mandates an aggressive approach.
“Second, for Japan to attract the desired and desirable kind of globally-competitive capital investment in its integrated resorts, which will in turn allow for the desired and desirable kinds of globally-competitive integrated resort destinations to be constructed, there can be no association with organised crime at all – the banks, the investment community, and the most respected casino operators simply will not (indeed, cannot) participate.”
The Japanese Diet is expected to agree the countries regulatory framework for gambling next year, with the first integrated resorts expected to open in the early 2020s. …
The post The University of Las Vegas weighs in on Japan’s casino industry appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: EEGaming.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
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
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
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
Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas
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.
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