LOTTERY DIGEST - WEEKLY NEWS
Welcome to Skilrock Technologies' latest update! Your premier source for innovative Lottery & gaming solutions and industry expertise. Dive in and discover the latest industry news & insights with Skilrock Technologies.
UK Gambling Commission Urges Wider Adoption of GamProtect for Safer Gambling
The UK Gambling Commission's executive director, Tim Miller, has called for more operators to join the GamProtect initiative, a new tool aimed at enhancing safer gambling practices. Speaking at the launch event, Miller emphasized the importance of industry collaboration and hinted that participation might become mandatory if voluntary sign-ups remain low. GamProtect, developed in partnership with the Betting and Gaming Council (BGC), the Information Commissioner's Office (ICO), and the Department for Culture, Media and Sport (DCMS), helps identify and protect at-risk customers. Currently, major operators like Entain, Flutter, Betway, and 888's William Hill are already using the tool, which has successfully flagged thousands of customers for interventions.
New Bill Proposes Biometric ID to Curb Underage Gambling in Buenos Aires
A new bill introduced by UCR provincial deputy Diego Garciarena aims to implement biometric identification for gambling activities in Buenos Aires Province. The proposed legislation seeks to prevent minors from accessing gambling services and to limit gambling advertisements, particularly those featuring well-known public figures. Garciarena highlighted the increasing issue of underage gambling and the need for more effective policies to protect children and adolescents. The bill also addresses the proliferation of illegal betting sites and calls for stricter enforcement measures. If passed, this law would align Buenos Aires with international standards, similar to those in Spain, to ensure safer gambling practices.
Gaming Standards Association to Host Summit on Cutting-Edge Innovations in Gaming
The International Gaming Standards Association (IGSA) is set to host its Technology Summit, “Focus-Future Tech,” from November 11 to 13 in Maricopa, Arizona. This three-day event will spotlight emerging technologies in the gaming industry, including cashless and credit wagering, the metaverse, augmented and virtual reality, cryptocurrency, artificial intelligence, and cybersecurity. Aimed at senior executives, technology leaders, legislators, and regulators, the summit will feature discussions on the rapid pace of technological advancements and their impact on the industry. IGSA President Mark Pace emphasized the importance of staying ahead of these innovations to ensure the industry's growth and security.
Fed's First Rate Cut in Four Years: Potential Boost for Gaming Industry
The US Federal Open Market Committee (FOMC) has announced a half-point reduction in the federal funds rate, marking the first rate cut since the COVID-19 pandemic. This decision lowers the rate to a range of 4.75-5%, with further cuts expected through 2025. The gaming industry stands to benefit significantly from this move, as reduced rates could increase consumer spending and provide operators with more favorable financing conditions for expansion and mergers. Analysts are optimistic about the potential for economic growth and stability, though some caution that the timing of the cut may still pose inflationary risks.
PGR Upholds Federal Law Limiting State Lotteries' Operations
The Attorney General of Brazil, Paulo Gonet, has defended the constitutionality of specific provisions in Federal Law 13.756, which impose restrictions on state lotteries. In a statement to the Supreme Federal Court, Gonet argued that these limits fall within the Union's authority to regulate lottery systems, aiming to prevent economic concentration and promote fair competition. The law restricts a single economic group from operating lotteries in multiple states and limits cross-state lottery advertising. This defense comes in response to a lawsuit filed by several states challenging these provisions, asserting that they align with constitutional principles of equality and consumer protection.
Skilrock's Weekly Lottery Disgest
Join us again next time for more news and insights. If you want to know more about our products and services, contact us at marketing@skilrock.com.
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.
