Compliance Updates
Iowa Legislator Introduces Bill to Legalize Online Slot and Table Games
A lawmaker in the American state of Iowa has proposed legislation that looks to further expand the Midwestern jurisdiction’s iGaming market by legalizing the provision of online slot and table games.
Iowa is home to almost 3.2 million people and has allowed local sports betting aficionados to place wagers online since August of 2019. The state’s 17-strong club of licensed sports wagering domains has since gone on to rack up more than $5.4 billion in aggregated handle and contribute nearly $24.9 million in associated tax revenues.
Bobby Kaufmann is a Republican member of the Iowa House of Representatives and has now lodged his prospective House Study Bill 227 (HSB 227) as part of an effort to bring online slot and table games to punters in ‘The Hawkeye State’. The 38-year-old legislator revealed that the successful passage of his bill would result in a lot of benefits for the state’s embryonic iGaming market along with as much as $35 million in extra tax revenues every year.
Six American states encompassing Delaware, Connecticut, New Jersey, Michigan Pennsylvania and West Virginia currently allow residents to enjoy slot and table games entertainment over the Internet while Nevada permits online poker. Kaufmann asserted that he introduced HSB 227 so as to keep the conversation on the local expansion of iGaming current with his proposed bill having already been referred to the Iowa House of Representative’s Ways and Means Committee, in which he serves as Chair.
A virtual clone of the unsuccessful HSB 604 measure Kaufmann introduced last year, HSB 227 seeks to allow the 19 land-based and riverboat casinos in Iowa to obtain licenses for the provision of online slot and table games. Although no tax details have been included within the language, the Iowa Racing and Gaming Commission detailed that the jurisdiction’s retail gambling establishments generated more than $143 million in adjusted gross revenues in February including some $11.9 million from sports betting.
However, Kaufmann conceded that HSB 227 is not likely to be approved anytime soon and may not even be put up for a full vote before the start of the state’s 2024 legislative session. The bill’s prospects have been further complicated by a measure approved by Iowa Governor Kim Reynolds in June that implemented a two-year moratorium on the issuance of any new gaming licenses.
Casino operators in Iowa supported the licensing freeze to July of 2024 in hopes of bringing stability to a market that is continuing to suffer from the negative impacts of the coronavirus pandemic alongside the recent appearance of gambling establishments in the neighboring jurisdiction of Nebraska. Jack Whitver from the Iowa State Senate asserted that the last few years have seen ‘a lot of changes to our gaming laws’ and there now potentially exists ‘a little, maybe a lot, of gaming fatigue within the Capitol’.
Compliance Updates
Licenses received: RockApp strengthens its position in the US iGaming market
RockApp, a leading global media buying agency, proudly announces that it has obtained official licenses in all regulated US states, allowing it to promote iGaming services nationwide, including Colorado, Indiana, Massachusetts, Michigan, New Jersey, Pennsylvania, and West Virginia. With these licenses, RockApp is now authorized to operate in all regulated US states, except for New York. This achievement comes amidst tightening regulatory standards, underscoring the agency’s commitment to compliance and excellence in performance marketing. The move positions RockApp as a trusted partner for iGaming companies looking to expand their reach in one of the world’s largest and fastest-growing markets.
These developments enable the agency to work with prominent industry players, including established American brands, and deliver targeted advertising campaigns with measurable results. By securing a legal presence in all regulated states, RockApp reinforces its reputation as a reliable and professional partner, capable of navigating complex regulatory landscapes.
This milestone is part of RockApp’s broader strategy to strengthen its position as a global leader in the media buying industry. Over the past year, the company has demonstrated impressive growth, achieving a 440% increase in customer acquisition, a 300% boost in turnover, and a record-breaking 4,000 first-time deposits achieved in a single day. These achievements reflect RockApp’s dedication to innovation, strategic planning, and delivering exceptional value to its clients.
“This is a pivotal moment for RockApp,” said Niko Belikov, Founder at RockApp. “Securing licenses in the US not only opens new doors for us but also allows us to bring our expertise in iGaming promotion to a market that values professionalism and results. We’re excited to support our clients as they navigate this dynamic landscape and achieve unparalleled success.”
Canada
BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity
BetConstruct, a global pioneer in iGaming and sports betting solutions, has announced a significant milestone in the gaming industry. Through its affiliate entity, BetConstruct has become the first iGaming company authorized to facilitate the issuance of both Business-to-Business (B2B) and Business-to-Consumer (B2C) licenses. This remarkable achievement was made possible by obtaining a direct license authorization from the Tobique First Nation in Canada.
The Tobique First Nation, renowned for its innovative and forward-thinking regulatory approach, has entrusted BetConstruct’s affiliate entity with the authority to oversee applications and facilitate the issuance of licenses from its jurisdiction. This partnership underscores shared values of innovation, transparency, and a commitment to responsible gaming practices.
This historic development places BetConstruct at the forefront of the Canadian iGaming market, redefining the opportunities available to gaming operators. By leveraging its affiliate entity’s licensing capabilities, BetConstruct empowers businesses to navigate a streamlined and transparent regulatory environment, unlocking new opportunities for growth and innovation.
“At BetConstruct, we’ve always strived to push the boundaries of what’s possible in iGaming. This landmark achievement with the Tobique First Nation reflects our unwavering dedication to creating opportunities for our partners while upholding the highest standards of responsibility and integrity in gaming,” said Vigen Badalyan, Co-Founder of BetConstruct.
The issuance of dual licenses under the watchful eye of BetConstruct’s affiliate not only highlights BetConstruct’s commitment to supporting its partners but also reinforces the company’s role as a trusted leader in the global iGaming landscape.
This milestone signals a new era for regulated iGaming, as BetConstruct takes bold steps to establish a robust ecosystem for operators and consumers alike. With its direct license authorization from the Tobique First Nation, BetConstruct is setting a new standard for innovation, consumer protection, and sustainable growth in Canada and beyond.
Compliance Updates
Media Troopers Receives Two-Year Renewal of Colorado Sports Betting License
Media Troopers, a leading digital marketing agency specializing in sports betting and iGaming, has marked its two-year anniversary in promoting sports betting in Colorado as a vendor licensed by the state.
Shmulik Segal, CEO of Media Troopers said: “We are very proud of this renewal, as it marks a milestone of two successful years of growth and commitment to the State of Colorado.”
Colorado’s Division of Gaming has renewed Media Troopers’ vendor license, allowing the company to promote sports betting offers for its customers until January 2027.
“Receiving a new license and debuting in a state is always exciting, but it is where the hard work begins,” Segal added. “So I am proud to celebrate two successful years of hard work and dedication in promoting safe and reponsible gaming for our Colorado partners such as BetMGM, bet365, and BetFanatics.”
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