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AI is all set to change online gambling in Canada

Niji Ng

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Photo credits: www.casino.org
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Canada boasts is a thriving gambling industry. Its annual worth is estimated to be around $13 billion. It has grown by leaps and bounds in recent years, fuelling the country’s economy in the process. The growth is solidly based on the ever-increasing popularity of its online casinos.  The industry is set for further, turbo-charged growth, as artificial intelligence (AI) is all set to transform the country’s online gambling industry.

In spite of the phenomenal growth in recent years, the gambling industry is plagued by some underlying issues. This is where AI technology is going to step in and resolve the issues. The technology could spark a revolution in the online gambling world, which will create a more sophisticated and appealing experience for all.

Although AI technology has grown quickly in recent years, the association between AI and the gambling industry is not a novel one. It started at least two decades back. One notable instance is when IBM created a computer called the Deep Blue computer, which defeated chess maestro and then world champion Garry Kasparov 3.5-2.5 in a six-match series. More recent developments have continued this trend: take, for instance, the use of AI in gambling in January 2017, when Carnegie Mellon’s Libratus AI won thousands of poker hands over many top-rated players.

Reporting the trends, Dailybusinessbuzz.ca summed up: “Offering a world of possibilities to the online gambling sector, AI has the potential to transform the Canadian casino industry, making it a safer and more enjoyable place for each and every one of its players. Protecting against manipulation whilst at the same time allowing a more efficient and individual experience, this rapidly developing technology might just represent a true force for good in the ever-evolving world of internet gaming”

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Eastern Europe

Potential New Casino In The Center Of Gdansk

George Miller

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Potential New Casino In The Center Of Gdansk
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There is a new intention of creating a new casino in Gdansk in the newely opened IBB Hotel in Dlugi Targ. The one and only issue is that there are already two casinos in the city and the current gambling legislation does not allow another one.

The Warsaw-based company Casino, which manages, among others: a casino in Sopot, wants to open another one in Gdańsk. The company applied for permission to rebuild the premises for a casino and a club with a small gastronomy. Where? In the basement and ground floor of the IBB Hotel in Długi Targ, which opened in April.

We have accepted the casino offer, but now it has to deal with a number of procedures, including getting permission from the Ministry of Finance and the City Council of Gdansk” – said Adam Trybusz, the owner of the object.

The Gambling Act of Poland states that in towns with up to 250,000 residents only one casino can be created, and for each subsequent started 250 thousand inhabitants, their number is increased by one. The number of casinos in the region can not be higher than one casino for each full 650,000 inhabitants.

 

Source: e-playonline

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Australia

ACMA probes .cc gambling websites

Niji Ng

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ACMA probes .cc gambling websites
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The Australian Communications and Media Authority (ACMA) is investigating the allegation that gambling websites using the .cc domain extension have breached of the Interactive Gambling Act (IGA).

As per the IGA, website operators are prohibited from offering casino-style games and live sports betting to Australian customers.

Gambling operators without an Australian licence are also prohibited from taking bets from Australian customers.

“When deciding if a site should be investigated, the ACMA considers a number of factors, including whether the service being provided may be a prohibited or unlicensed service … and whether it may have an Australian-customer link,” an ACMA spokesman said.

Dr. Charles Livingstone, a gambling law expert from Monash University, said the sites do appear to have breached the act.” The avowed purpose of the IGA is to protect Australians from less well-regulated gambling sites, and to prohibit non-wagering gambling being available online,” he said. “Using a web address of an Australian territory to offer online gambling services is an offence, unless the provider is registered in an Australian jurisdiction.”

 

Source: 5star.media

 

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MGA | FIAU issues the Implementing Procedures – Part II addressed to the Remote Gaming Sector

George Miller

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MGA | FIAU issues the Implementing Procedures - Part II addressed to the Remote Gaming Sector
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The Financial Intelligence Analysis Unit (FIAU) has today issued the Implementing Procedures – Part II (found here) addressed to the remote gaming sector.  This document focuses, and provides guidance, on certain aspects of the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) which warrant further elaboration at industry-specific level to ensure that they are understood and interpreted consistently by licensees.

The Implementing Procedures – Part II for the remote gaming sector were drawn up in conjunction with the Malta Gaming Authority and following due consultation with the relative sector.  All interested parties are to take note thereof. These Implementing Procedures are also accessible through the FIAU’s website – http://www.fiaumalta.org/ – and are considered to have come into force on the date of their publication.

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