LOTTERY DIGEST - WEEKLY NEWS
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Brazil Closes Priority Window for Betting License Applications with 113 Submissions
The priority window for betting license applications in Brazil closed on August 20, 2024, with 113 operators submitting their applications. This marks a significant milestone as the country prepares to launch its regulated betting market on January 1, 2025. Initially, the number of applications lagged, but a surge followed the publication of final regulations in late July. Despite falling short of the 134 operators who initially expressed interest, the government is pleased with the turnout, which far exceeded their expectations of around 40 applications. This high level of interest underscores the potential of Brazil's emerging gambling market.
Survey Highlights Persistent Underage Gambling Issues in Finland
A recent survey conducted by the Finnish Institute of Health and Welfare reveals ongoing concerns about underage gambling in Finland. The study, which gathered data from teachers at 177 schools, found that 15% of students had gambled for money between April 2023 and April 2024. Notably, 25% of male students and 4% of female students reported gambling activities. Although these figures represent a significant decrease from 2019, when 46% of males and 21% of females gambled, the issue remains prevalent. The Finnish government plans to open a regulated gambling market by 2027, aiming to mitigate gambling-related harms and improve oversight.
Montenegro Proposes 15% Tax on Gambling Winnings to Boost Revenue
The Ministry of Finance in Montenegro has proposed a new 15% tax on gambling winnings as part of its fiscal strategy. This measure aims to generate an additional five million euros annually for the government. The proposed tax is expected to impact both local and international gamblers, potentially altering the attractiveness of Montenegro as a gambling destination. The Ministry believes this move will help bolster public finances and ensure a fair contribution from the gambling sector. The proposal is currently under review and, if approved, will be implemented in the coming fiscal year.
Pennsylvania Gaming Revenue Hits Record $500.8M in July
Pennsylvania's gaming industry achieved a milestone in July 2024, with total revenue reaching $500.8 million, marking a 7.22% increase from the previous year. The Pennsylvania Gaming Control Board reported significant growth in the online gaming sector, which saw a 31.2% rise to $174.3 million. Despite a 4.8% decline in retail slots and table games revenue, the overall surge was driven by strong performances in online slots, table games, and sports wagering. The sports betting handle reached $414.6 million, up 22.5% year-on-year. This robust growth underscores the expanding influence of digital gaming platforms in Pennsylvania's gaming landscape.
New Thai PM's Stance Leaves Casino Resort Plans in Limbo
The future of casino resorts in Thailand is uncertain following the appointment of new Prime Minister Paetongtarn Shinawatra. While the previous PM, Srettha Thavisin, supported the development of integrated resorts to boost tourism and the economy, his abrupt removal has cast doubt on the initiative. Shinawatra, also from the Pheu Thai party, has not yet taken a clear stance on the issue. The proposal faces opposition from various political factions concerned about potential social issues and economic viability. Despite interest from major international gaming companies, the plan's progress remains in limbo.
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Disclaimer
We monitor industry news from various 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.
