Connect with us
Midnight Princess - Power of Love slot game by Play'n GO
Midnight Princess - Power of Love - Slots game by Play'n GO

Compliance Updates

Brazilian Football Confederation Requests Ministry of Finance to Modify Sports Betting Regulations

Published

on

 

The Brazilian Football Confederation (Confederação Brasileira de Futebol; CBF) has filed a request with the Ministry of Finance to modify sports betting regulations so that football clubs would receive a higher percentage of revenue from sports betting.

In its proposal, the CBF also proposed that the government consider the financial transfer of money from the industry to clubs not as public money, but as remuneration for the use of club and championship brand names. Clubs and other sporting entities would therefore be less subject to government scrutiny.

The CBF also stated that it wanted the creation of a registry of sports betting operators, the control of which will come under the supervision of the confederation itself. The registry would serve to supervise the assignment of commercial rights, control transfers of money from sports betting operators to clubs and create mechanisms to combat match fixing.

The CBF’s demands were relayed to the Ministry of Finance by its general secretary, Alcino Rocha. As the reception of these proposals “were not well received,” the confederation said that it would aim to arrange a meeting with President Luiz Inácio Lula da Silva and Minister of Finance Fernando Haddad.

When consulted by Brazilian news outlet Globo, the CBF indicated that “the document in question, sent at the request of the Ministry of Finance, is still preliminary” and that “it is a complex and unprecedented issue” that “will be submitted for the consideration of all parties involved.”

They also noted that “all the clubs present were informed that the document presented was not a definitive text, but only a starting point.”

The president of the CBF, Ednaldo Rodrigues, said that his administration was “open and democratic dialogue will always be respected,” and that “only after a broad debate, the agenda of a provisional measure will be sent to the Federal Government.”

“Our commitment is to listen and give a voice to everyone. It is undeniable that betting revenue is another source of revenue for clubs. But it is necessary to understand, discuss and reach a consensus,” Rodrigues said.

Law 13,756/18, which legalized sports betting in Brazil in 2018, ruled that teams that allowed bets to be placed on their sporting events would be entitled to 1.63% of net income. The CBF wants this percentage to be increased to 4% and that the amount be deducted from gross income which would means significantly more cash for clubs.

Compliance Updates

4ThePlayer Approved for License by Pennsylvania Gaming Control Board!

Published

on

4ThePlayer Approved for License by Pennsylvania Gaming Control Board!

 

4ThePlayer.com is delighted to announce the latest development in its expansion across the United States; in a recent meeting, the Pennsylvania Gaming Control Board (PGCB) approved the Company’s participation in the Commonwealth’s iGaming market.

This achievement marks a key step in their strategic US market expansion and underscores their commitment to growing their presence in the regulated US market.

Pennsylvania is the fourth market, following New Jersey, Michigan, and Connecticut, to license and embrace their player-centric and entertainment-focused games.

An exciting portfolio, featuring top-performing titles such as 4 Fantastic Lobsters and 9k Yeti will soon be launched in Pennsylvania and live across the company’s impressive customer list.

Chris Ash, the Business Development Director and co-founder of 4ThePlayer.com said: “I am thrilled we can bring our unique gaming experience to the players of Pennsylvania. After the success we have seen with these titles in other states, we are excited for players in Pennsylvania to play them!”

Pennsylvania’s online casino market has been showing a steady growth trajectory with iGaming revenue 40.5% higher at $184.9m, compared to $131.6m in 2023 with online slots revenue alone jumping 35.6% to $125.9m.

4ThePlayer games will be available in Pennsylvania via Gaming Realms, 4ThePlayer’s trusted platform partner.

Continue Reading

Compliance Updates

NIGC Announces Acting Chair

Published

on

 

The National Indian Gaming Commission announced the President’s appointment of Associate Commissioner Sharon M. Avery as Acting Chair of the Agency, effective May 15, 2024. Secretary of the Interior Deb Haaland recently appointed Avery to a three-year term as Associate Commissioner, effective May 6, 2024. Avery will serve both as Associate Commissioner and Acting Chair until a presidentially appointed, Senate-confirmed Chair is in place.

As Acting Chair, Avery has the same statutory authority to lead the Agency and take official actions as a Senate-confirmed appointee.

“I am humbled the administration has entrusted me with the distinguished opportunity to serve as the NIGC Acting Chair. In this capacity, and to the best of my abilities, I will diligently execute my duties and responsibilities designated by the Indian Gaming Regulatory Act to continue the Agency’s regulatory oversight of tribal gaming facilities without disruption, until a permanent Chair has been confirmed,” said Avery.

Avery is an enrolled member of the Saginaw Chippewa Indian Tribe of Michigan. She has been with the NIGC for over four years where she has served as an Associate General Counsel in the NIGC Office of General Counsel. Before joining the NIGC, Avery served for more than 10 years in the legal department for the Saginaw Chippewa Indian Tribe of Michigan. Most recently, she served as the Tribe’s General Counsel for Tribal Operations.

Continue Reading

Canada

Court Decision Upholds iGaming Ontario’s Model

Published

on

 

iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.

“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.

“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.

In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.

iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2024, HIPTHER. All Rights Reserved.