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Gambling in the USA

What next for Mexico’s gambling industry?

Niji Narayan

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Mexico, a well-known holiday destination, does not have a properly regulated gambling industry.

It was in 1947 that the then President, Lazaro Cardenas banned gambling. But the industry flourished underground. Despite the demands from government officials, the old law has still not been changed.

The history of gambling in Mexico

Despite its illegal status, gambling does take place in Mexico. Betting on horse racing, dog racing, gaming machines, cockfighting, sports betting, lottery, Jai Alai (a form of the Basque pelota game) and scratch cards, is tolerated. But properly regulated casinos are not to be found. The current situation is at odds with Mexican tradition and heritage, which has had gambling at its heart since the Aztecs in ancient times. When the French attempted to colonise the country in the 19th century, casinos could be found across the country. The Mexican Revolution that put a stop to President Porfirio Diaz’s 30 years of rule 1911 also put a stop to the Mexican gambling industry.

There was a brief resurgence of gambling in the 1920s, when American gambling tourists were seeking an escape from their own period of prohibition – not only of gambling, but alcohol too.

Gambling in Mexico today

The ambiguity around Mexico’s current gambling legislation was born from a piece of legislation called Regulations of the Federal Games and Draws Law, which aimed to regulate all gambling activity in 2004. In 2012 and then again in 2013, the law was amended to try to clarify the rule with regards to ‘skill-based electronic games’, which were only allowed with a special permit. Further confusion ensued when the same regulations seemed to include slot machines in this category.

To clear up the confusion in this status quo, the Federal Gaming Law bill is currently being reviewed by the government. If this Bill is passed, then it will officially accept that gaming exists and will create a new Regulator to oversee all gaming activities. At that point, Mexico may well see the advantages of a well-regulated gaming industry and how it can be a positive force for society. If passed, the Federal Gaming Law will guarantee:

Players’ wins will be paid out to them

The Government will be able to levy betting taxes that pay for the regulation.

Gambling operators will be forced to implement strict anti-money laundering measures.

Underage and problem gamblers will be refused by the licence holders.

Licenced betting companies will be regularly checked, and their finance examined to ensure that they are playing by the rules.

Under the Federal Gaming Law, there is the general rule that games of chance – and where bets are crossed – are still prohibited. The exceptions that they have cited are as follows:

  • Chess
  • Dominoes
  • Dice
  • Bowling
  • Billiards
  • Ball games
  • Horse and car races
  • Physical sports

So as you can see, the waters are more than a little muddied in the current picture. To make things even more confusing, bookmakers and clubs often permit bingo, the lottery, cockfighting, bullfighting, casinos, track betting and sports betting. Sports betting is in fact legal in Mexico, with the monopoly holder Caliente taking bets over the phone or the internet. One of their most popular territories is Baja California, which is very close to the US state of California.

The benefits of a regulated future

Mexico isn’t the only country that’s been through this type of historical development. As technology and the internet have emerged, other nations have amended their regulations to reflect the changing ways that people gamble.

They’ve created more robust regulatory environments to manage the influence of an industry that appeal hugely to players, but also raises valuable taxes that can be turned into funds to benefit society at large. Within this framework of legalisation and regulation, gambling operators have been able to thrive.

Mexico might look to the UK for an example of this. In the UK, the Gambling Commission regulates the businesses that provide gambling products and services in Great Britain. Everything to do with gambling – from the National Lottery, to the slot machines in the pubs, are governed by the Commission. Under the legislation, inspectors make frequent visits to licensed premises to give advice and take remedial or preventative action if and when it’s required.

The Commission also reviews the financials of the gambling license holders to ensure that everything is within the rules. It is a strict environment that works well for gambling operators and players alike.

Online gaming flourishes in a regulated world

As we said before, there are companies in the UK jurisdiction which work within the rules and which provide innovative online gaming for millions of people. Virtual gambling enables gamers to play their favourite games from the comfort of their own home, or remotely, on their mobile or desktop devices. From poker, to blackjack, and roulette – players across the UK are heading to online casinos in droves, embracing the convenience and the increasingly realistic simulation of the experience of gambling in real, land-based premises. So much so, that online gambling now brings in one-third of the total revenue of gambling, according to the Gambling Commission’s own figures.

Bingo is a hugely popular pastime in the UK – and perhaps accordingly, has been a huge hit online. For example, one leading operator is Wink Bingo, which owns and manages online bingo games in the UK. Players can not only play a wide range of games, they can interact with each other on lively, vibrant community forums and even take home rewards that can be redeemed for shopping vouchers. This operator has been able to flourish, even amid heavy regulation, by appealing to players in a responsible way – as you’ll be able to see by visiting the Responsible Gaming section.

Mexico is a beautiful country with a rich heritage – and it’s a stunning holiday destination. If the country embraced a properly regulated gaming industry, they would become an even more sought-after holiday destination for people that like to gamble. Just look at the US, the UK, and many countries in Far East, where millions of people go to gamble every year. An economy based on a gaming industry is obviously not a good idea – but a safe, regulated industry which contributes to the economy and the social well-being of its people, is surely a step in the right direction.

Source: The Yucatan Times

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Gambling in the USA

Gaming Americas Weekly Roundup – September 21-27

Niji Narayan

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Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Celer Network’s mobile eSports platform CelerX has become the first mobile esports platform on blockchain to surpass $3 million in player winnings in one month. Since the global release of the BUST-A-MOVE Real Money Tournament in July 2020, CelerX has seen new record-highs in the number of games played each week and users making an average of $20 per day – with top users making $1000+ per day. So far, mid-August has proven to be the biggest gaming day of 2020 and complements CelerX’s $3 million worth of player winnings across the mobile esports platform and game portfolio in one month.

Construction of Fusion Arena, the $50 million esports arena in Philadelphia, has been put on hold because of the COVID-19 pandemic. The 3500-seat facility was expected to open in 2021 and was commissioned by Comcast Spectacor, owner of the Philadelphia Fusion of the Overwatch League.

The Legislature of the city of Buenos Aires has addressed a proposed law on the prevention of gambling addiction and the regulation of online gaming on September 24. The bill was proposed by the Lottery of the City of Buenos Aires (LOTBA).

The Carson Nugget casino in Nevada is going to replace and upgrade its old casino management system with Table Trac’s CasinoTrac management system.

Carousel Group has announced that its online sportsbook, SportsBetting.com, has gone live in Colorado. SportsBetting.com took its first wager from Colorado late last Wednesday, a bet on the Dodgers, which resulted in a winning ticket for the customer. The next full day of betting saw a customer win $7,000 on a six-team MLB parlay. SportsBetting.com has rolled out a number of promotions to kick off the launch.

New Partnerships

Online bookmaker Betway has entered into a partnership with North American esports organisation beastcoast. As per this new one-year deal, the bookmaker will back beastcoast’s Peruvian Dota 2 team. Betway will obtain rights to jersey branding, as well as player access, allowing the bookmaker to “bring its fans closer to the action.”

Simplicity Esports and Gaming Company has partnered with Newzoo, the world’s leading provider of games and esports analytics. The partnership will enable the two companies to exchange esports market data and insights. Also, Simplicity will have access to Newzoo’s data analytics tools.

Awards

For the third consecutive year, Mohegan Gaming & Entertainment’s (MGE) flagship property Mohegan Sun was voted “Best Casino Hotel” in USA Today’s 10Best Readers’ Choice Awards. Nominees for the awards were selected by a panel of experts, including editors from both USA Today and 10Best.com, as well as relevant expert contributors. This year’s list of nominees featured some of the most well-known casinos and resorts in the US.

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Gambling in the USA

Jamie Foxx To Star In BetMGM’s New Brand Campaign

George Miller

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Jamie Foxx To Star In BetMGM's New Brand Campaign
Reading Time: 2 minutes

 

BetMGM, the market-leading sports betting and online gaming platform, is proud to announce that Academy and GRAMMY Award winner Jamie Foxx will star in the company’s new ad campaign. The multitalented sensation, who has conquered the worlds of comedy, film, and music, is now also the face of BetMGM’s new The King of Sportsbooks campaign.

Foxx will star in a variety of traditional and social media advertisements for BetMGM. For their first brand campaign together, The King of Sportsbooks, made in partnership with creative agency 72andSunny New York, BetMGM showcases the excitement that comes with sports betting. The campaign will roll out in the coming weeks featuring a video ad, with the Fountains of Bellagio in Las Vegas as the canvas. The ad creates a “sitting on the edge of your seat” experience by combining the magic of sports brought to life on the Fountains, with the surrealism of Foxx levitating above water.

“Jamie is an exceptional talent and we’re proud to have him partner with us on our new campaign for BetMGM,” said BetMGM’s Chief Marketing Officer Matt Prevost. “The King of Sportsbooks campaign is the next step in the evolution of the BetMGM brand and Jamie brings a unique ability to tell our story in an incredibly creative and entertaining way. BetMGM exists at the intersection of sports and entertainment and Jamie fits this positioning perfectly; we couldn’t be more excited to welcome him to the BetMGM family.”

Jamie Foxx is an award-winning actor, singer, and comedian. He recently won “Outstanding Supporting Actor in a Motion Picture” at the NAACP Image Awards and received a SAG Award nomination for “Outstanding Performance by a Male Actor in a Supporting Role” for his performance in Just Mercy. Foxx can currently be seen in Netflix’s Project Power, which launched on August 14, and is a starring voice in Disney/Pixar’s upcoming feature Soul set for release on November 20.

Available for download on both iOS and Android and accessible via desktop, BetMGM leverages an exclusive betting engine that allows sports fans to place bets quickly and with ease and is accessible in seven states, with plans to be live in 11 by the end of 2020. For more information, follow @BetMGM on Twitter.

 

SOURCE MGM Resorts International

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Gambling in the USA

Gaming Americas Weekly Roundup – September 14-20

Niji Narayan

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

John Pollard, Co-Chief Executive Officer of Pollard Banknote Limited, has been inducted into the Public Gaming Research Institute’s Lottery Industry Hall of Fame. Each year, the Lottery Industry Hall of Fame’s members nominate and vote on industry leaders who promote excellence, integrity and success in the lottery industry. John Pollard, along with five other recipients, will be honored in a virtual ceremony on October 14.

WarnerMedia is going to join the growing parade of media firms eager to court consumer interest in sports betting. During the coverage of NBA’s Western Conference Finals, TNT will present an alternate live-streamed feed of the games that includes commentary on betting analysis and odds. The feed, known as “TNT Bets” and made available to cable and satellite subscribers via the Watch TNT app, will be hosted by Bleacher Report’s Cabbie Richards, Kelly Stewart and Tim Doyle, and the leading gaming company FanDuel will provide real-time statistics and information.

Elaine Wynn, who has 8.84% stakes in Wynn Resorts Limited, the biggest among single shareholders, has reportedly dropped her quest to secure a position in the board of directors of the company. She made this announcement during a fitness hearing held by the Nevada Gaming Control Board. She reportedly revealed that she accepts her age of 75 years is a constraint for such positions.

Betfair has announced that it is withdrawing from the NJ betting market due to disappointing results and because the state is getting its first sports betting exchange. Betfair entered the NJ market back in 2015, but generated a sports betting handle of just $12.4 million in 2018. Now, Sporttrade, a sports betting startup, is to introduce a proprietor betting exchange for the state via an agreement with Twin River Worldwide Holdings.

New partnership

ESPN has entered into two separate multi-year agreements with Caesars Entertainment and DraftKings. The deals include co-exclusive link integrations across ESPN digital platforms connecting fans to sportsbooks from Caesars Entertainment’s sports betting partner, William Hill, and DraftKings.

New Appointment

US gaming company DraftKings Inc. has appointed Erik Bradbury as its Chief Accounting Officer and principal accounting officer. His appointment came into force on September 10. Mr. Bradbury, who has about 16 years of experience in accounting, will report to Jason Park, the CFO of the company.

New Launching

Sports book operator William Hill has announced the launch of its mobile sports betting app in Illinois, in partnership with Caesars Entertainment’s Grand Victoria Casino. The William Hill Mobile App is built on a proprietary platform, offering an easy and seamless betting experience. The app offers multiple deposit and withdrawal options. The app has enhanced technology features, such as a biometric login and a quick-bet option.

Compliance

Online gaming platform provider Dench Solutions has obtained a compliance certificate to act as a gaming test house of Gaming Laboratories International. The company was awarded the GLI-19 standard for its ability to meet strict security standard requirements when dealing with customer data.

The Virginia Lottery Board has approved the proposed sports betting regulations after the fifty-six day public consultation period ended on September 9. As part of the public consultation, it received 183 comments from various companies and sports leagues. The Lottery’s deputy director Gina Smith said each comment was read and reviewed.

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