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Mobile Slots developers gearing up for US legalization
Although the United States is quite rightly known as the land of opportunity, the fact is that the nation remains home to some conservative attitudes and laws that reflect this.
Online gambling, in particular, has had something of a raw deal in the US down the years. Indeed, the activity is only permitted in the states of Delaware, Iowa, Pennsylvania, New Jersey and Nevada.
Conversely, online gambling is entirely legal in other nations and remains a considerable source of income for many. Players all over the world are heading over to sites like Fruity King to play some seriously exciting mobile slots games.
In recent times, there has been talk around loosening gambling laws in the US, with many states pushing for a move toward modern legislation. With gambling in the US thought to be worth $160 billion per year, there is understandably a lot of buzz around the idea of this opening up.
Mobile slots developers are waiting in the wings for the legalization of online gambling in the US. Indeed, the move could spawn a massive shift in the business and could potentially unlock billions of dollars in revenue.
In this article, we will look at the ways in which mobile slots developers are gearing up for US legalization. We will assess the current state of online gambling laws in the US as well as how any potential changes might look.
The current legal situation with online slots in the USA
In the United States, the federal wire act is the law that ensures most types of betting are illegal.
However, in recent years, the Supreme Court has overturned previous decisions made under the act that declared certain forms of gambling illegal.
As a result, more and more mobile slots developers have gained hope that change might be about to come to the US gambling industry. Indeed, with gambling worth so much, it is a shock that the US government has not already decided to tax the industry and make some serious revenue from it.
With that said, there has not yet been any clear action taken toward legalizing gambling on a large scale in the United States.
The potential legalization of mobile slots in the US
So, there are many hopeful parties within the US looking toward potential legalization in the near future.
As we have mentioned, the economic incentives to the nation could be huge, particularly with respect to the downturn that will inevitably follow the coronavirus.
Unemployment has been a hot button issue in the US in recent years. If gambling is legalized in one or more aspects, then it is sure that there will be many thousands of jobs created across the nation.
With gambling already generating so much in illegal circles, surely the US government will decide to reign in this income and use the enormous tax revenue to bolster that nation.
Brais Pena Sanchez
Kambi Group plc signs regulated market partnership with Stake ahead of Brazil launch
Kambi will supply its leading online Turnkey Sportsbook to Stake in selected markets, with first launch in regulated Brazil recently completed
Kambi Group plc (“Kambi”), the home of premium sports betting solutions, has entered a partnership with Stake to support the operator’s growth in regulated sports betting markets, starting with its launch in Brazil.
Founded in 2017, Stake, part of the Easygo group, has quickly established itself as a significant global player and was recently ranked in the top 20 of the EGR Power 50 list. With an ambition to expand its global footprint, Stake has turned to Kambi, the leader in regulated sports betting.
The Turnkey Sportsbook partnership is already underway following the launch of Stake’s real-money, Kambi-powered sportsbook in the recently regulated market of Brazil. The agreement also enables Stake to leverage Kambi’s Turnkey Sportsbook in additional regulated markets around the globe.
Werner Becher, Kambi Group Chief Executive Officer, said: “Kambi has a proud history of driving growth for operators in regulated markets around the world and we look forward to doing similar for Stake. Kambi’s advanced and compliant technology enables operators to offer a leading sportsbook product, even within highly complex frameworks, so I’m excited to see what Kambi and Stake can achieve together in Brazil and other regulated markets.”
Brais Pena Sanchez, Easygo Chief Strategy Officer, added: “Launching in the newly regulated market of Brazil is a major milestone for us and we are excited to have partnered with Kambi to leverage their Sportsbook solution to support our global regulated market expansion. Our experience in the region, paired with Kambi’s cutting-edge technology, will allow us to elevate our offering and provide our customers with exciting experiences in Brazil and beyond.”
The post Kambi Group plc signs regulated market partnership with Stake ahead of Brazil launch appeared first on Gaming and Gambling Industry in the Americas.
BetPlay
EGT Digital’s top-performing titles are live on the leading Colombian betting site Betplay
EGT Digital is expanding its presence in Colombia. The Bulgarian provider’s casino content is now available to visitors of Betplay, one of the leading betting sites in the country. The slot titles made a very strong debut, immediately capturing the attention of players, according to representatives of the operator.
They added: “We are very happy to collaborate with a world-class company like EGT Digital. The thematic diversity, high winning chances, and attractive bonus options of their games have won the hearts of our customers. I believe that the provider’s gaming solutions will continue to unleash their potential and contribute to increasing our platform’s popularity among the local audience.”
Silviya Marinova, Director of EGT Colombia, also gave a positive comment regarding the partnership: “The collaboration with Betplay is a great success for us, as it gives us the opportunity to reach even more players in Colombia and to strengthen our status as one of the top iGaming providers not only in the country but also in the LatAm region. I am confident that we have laid the foundations of a very fruitful cooperation, which will bring many benefits to both parties and the players themselves.”
Brazil
WA.Technology makes its debut in Brazil’s regulated market
WA.Technology, the award-winning B2B iGaming solutions provider, has announced it will power leading authorised operators in Brazil after the company received technical standards certification from GLI (Gaming Laboratories International), an approved testing house, against the technical standards outlined by Brazil’s regulator.
GLI’s technical standards certification ensures that WA.Technology complies with the Brazilian regulatory requirements, demonstrating its position as the go-to B2B partner for licensed operators looking to excel in the Brazilian market.
WA.Technology’s authorised partners will gain access to WA.Technology’s cutting-edge platform and innovative technology, enabling them to deliver highly personalised, localised, and exciting experiences to bettors across Brazil.
As well as working alongside GLI to obtain the necessary certifications, WA.Technology has a fully operational team based in Brazil in preparation for its future market expansion. This allows the platform provider to remain in tune with ongoing market needs and regulatory developments, as well as enhancing its capabilities to deliver real-time support to operators in Portuguese – adding an additional layer of localisation to its product suite.
Brazil is anticipated to be one of the largest gambling markets in the world. Reports from H2 Gambling Capital suggest that Brazil’s sports betting and gaming market is projected to reach US$10bn (R$47.2bn) in GGR by 2029.
Waldir Marques, Director of Regulatory Affairs LatAm at WA.Technology, celebrated the company’s entry into Brazil: “Receiving the platform certification from GLI is an incredibly important milestone for WA.Technology; this is a testament to our commitment and determination to meet even the highest standards of regulatory compliance as required by the Brazilian market.”
“WA.Technology has unmatched levels of local expertise, enabling us to become one of the market’s most prominent platform providers – with a reputation for excellence. WA.Technology is here to support our partners in navigating regulations and pursuing new growth across Brazil, ensuring they have all the tools they need for long-term success.”
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