LOTTERY DIGEST - WEEKLY NEWS
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Record-Breaking iGB L!VE 2024 Begins in Amsterdam
The 2024 iGB L!VE event, marking its final year in Amsterdam before relocating to London in 2025, has commenced with the largest turnout in its history. This year has seen a 40% increase in registrations compared to the previous year, drawing industry professionals from 121 different countries to Amsterdam.
Ethiopia's National Lottery Authority Discusses Gaming Regulatory Framework and Future Plans
Desse Dejene, Director of Ethiopia's National Lottery Authority (NLA), provided an overview of the country's gaming regulatory framework. Currently, the NLA issues licenses only for sports betting and lottery games, restricting other forms of gambling. Foreign companies can operate as technology or service providers but cannot hold licenses. Dejene emphasized the importance of responsible gambling, especially given Ethiopia's large youth population. The NLA is also reconsidering its 15% turnover tax policy to align with regional practices. Plans to privatize operations and focus on regulation are underway, aiming to foster a competitive and responsible gaming environment.
Philippines' Gaming Revenue Surges by 19.2% in H1 2024, Boosted by Online Sector and Reforms
Yogonet recently reported that the Philippines' gross gaming revenue (GGR) surged by 19.2% in the first half of 2024, reaching PHP194.74 billion ($3.33 billion), driven by recent reforms and stronger regulations. Land-based casinos led the growth, generating PHP99.16 billion ($1.7 billion), while Casino Filipino properties saw an 11.6% decline. Pagcor plans to privatize its operations by 2025. The online gaming sector, particularly Philippine Offshore Gaming Operators (POGOs), saw GGR rise to PHP63.01 billion ($1.08 billion). Despite this, the sector faces legislative challenges. Pagcor's total revenue increased by 42.9%, reaching PHP51.76 billion ($890 million), with significant contributions from online gaming,
Ohio Lawmakers Push for Legalization of iGaming and iLottery
Ohio House Republicans Jay Edwards, Jeff LaRe, and Cindy Abrams are advocating for the legalization of online casinos and iLottery, highlighting the potential benefits for the state. Their support was expressed in a letter included in the Study Commission on the Future of Gaming in Ohio's report. The lawmakers believe that with the right regulatory framework, these forms of gaming can thrive and generate significant tax revenue. The push follows the successful legalization of online sports betting in Ohio in January 2023. However, the proposal faces opposition from some lawmakers and concerns about its impact on physical casinos. As reported by Yogonet.
Brazil Mandates AML Compliance for Betting License Applicants Ahead of 2025 Regulations
Brazil's Ministry of Finance has mandated that operators seeking betting licenses must comply with new anti-money laundering (AML) rules before the new licensing regime begins in January 2025. The ordinance, based on international guidelines, requires operators to implement comprehensive AML measures, including customer due diligence, transaction monitoring, and reporting suspicious activities. Operators must also assess the financial capacity of bettors and verify the status of Politically Exposed Persons (PEPs). Currently, only Superbet and Betano have applied for licenses. The new regulations aim to enhance the integrity of Brazil's betting industry and align with global standards
Skilrock's Weekly Lottery Disgest
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Disclaimer
We monitor industry news from various and most important online publications, including international, national and regional titles, newswires, magazines, press releases, lotteries, vendors, institutions, government agencies and other key sources of lottery/gaming information.
While we strive to provide accurate and up-to-date information, the content is provided for informational purposes only, and readers are encouraged to consult multiple sources to ensure a comprehensive understanding of the topics presented.
