Latest Online Gaming and Casino News
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There are thousands of online gambling parlors and casinos. The industry is heavily regulated. Goldman Sachs predicts the online gaming market will grow to $40 billion by 2033. Bigger companies are looking to acquire smaller players. Scientific Games is trying to buy 19 percent of SciPlay Corp. They already partially own that company.
Single Customer View (SCV) in the UK is likely to be introduced to prevent negligent and harmful spending of some casino players.
Consumentenbond, a watchdog for consumers in the Netherlands, has stated that the Dutch advertising code for iGaming is very flawed. The code fails to specify the tone and the limit of ads that will be used to promote online gambling and at the same time protect vulnerable players.
Georgia might legalize casinos and sports betting operators in early 2022. Sports betting has been prolific throughout the other states. More countries are loosening restrictions on online gambling. Taxing online gaming business might be one of the keys to recovery.
The US sports betting market is expected to grow by 300% in the next few years. The states that legalized sports gambling have already passed the $1 billion mark. TV networks have brought in around $50 million by advertising these operators.
Nevada Gaming Control Board reminds casinos that their staff and guests need to wear masks at all times.
Some states in the US are about to enter the online gambling market starting next year. There might be a change in ownership for certain smaller providers or developers and some revisions in terms of gambling ads.
