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New Jersey continuing to hold its own in global betting landscape

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The gaming industry in New Jersey has experienced significant growth in recent years and has become a key player in the world betting landscape. Located on the East Coast of the United States, New Jersey has become a hub for legal gambling, offering a range of options for both brick-and-mortar and online betting. The status of the New Jersey gambling industry is continually booming; it now fits into the larger world betting landscape.

One of the major factors driving the growth of the New Jersey gambling industry is the state’s decision to legalise online gambling. In 2013, New Jersey became the third state in the US to allow online gambling, and since then, the industry has exploded. Today, there are over a dozen online gambling sites operating in the state, offering a wide range of options for players, from traditional casino games like blackjack and roulette to sports betting and poker.

In addition to online gambling, New Jersey has also become a major player in the world of sports betting. Since the Supreme Court struck down a federal ban on sports betting in 2018, states have been free to legalise and regulate sports betting as they see fit. New Jersey was one of the first states to act on this opportunity, and has since become one of the largest sports betting markets in the country. With numerous in-person casinos and a thriving online sports betting industry, New Jersey is well positioned to take advantage of this rapidly growing market.

The growth of the New Jersey gambling industry has also had a significant impact on the state’s economy. According to recent estimates by gambling aggregator NJ.BET, the gambling industry in New Jersey generates over $5 billion in revenue each year, with a significant portion of that coming from online gambling and sports betting. This has created thousands of new opportunities but has put pressure on New Jersey to continually innovate and improve its offerings in order to remain competitive and attract players.

A challenge facing some punters in New Jersey is the lack of federal regulation of the gambling industry in the US. Unlike in many other countries, where the government plays a significant role in regulating the industry, the gambling industry in the US is primarily regulated by individual states. This has led to a patchwork of regulations across the country, which can make it difficult for operators to navigate and comply with all the different rules and requirements.

Despite these challenges, the New Jersey gambling industry continues to thrive, and is poised for continued growth in the years to come. With a strong online gambling industry, a thriving sports betting market, and a supportive state government, New Jersey is well positioned to compete in the world betting landscape.

Conferences in Europe

Gaming in Holland Conference to Address Current Issues in Dutch Gambling

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The twelfth annual Gaming in Holland Conference, which will take place on June 8 at the KIT Royal Tropical Institute in Amsterdam, is perfectly timed to address the latest issues affecting the Dutch regulated gambling market.

Untargeted advertising ban and possible privatization Nederlandse Loterij

On July 1, the long-awaited ban on untargeted advertising of online gambling services will enter into force. This ban, which includes all broadcast, print and outdoor advertising, is expected to have a significant impact on the country’s online gambling market including Netherlands-facing affiliates. Specific guidelines explaining the new advertising rules were published less than two weeks ago.

The Dutch government furthermore announced, in two very recent Parliamentary letters, new explorations into the possible privatization of the Netherlands largest state-owned gambling operator, Nederlandse Loterij, and the implementation of stricter deposit limits.

Relevant speakers

Conference speakers including René Jansen, Chair of the Netherlands Gambling Authority, and Fedor Meerts, Department Head Integrity and Gambling at the Ministry of Justice and Security, are expected to provide additional clarifications.

Dialogue between care organizations and regulated industry

This year’s Gaming in Holland Conference also aims to kick off a more in-depth dialogue between the regulated gaming industry and care and prevention organizations on creating a more sustainable gambling market. Floor van Bakkum, Prevention Manager at Arkin – Jellinek, and Nathalie Smit, Chief Executive Officer of the Netherlands’ national gambling helpline, Loket Kansspel, will share their views on player protection with industry representatives.

ChatGPT and AI

Well-known Dutch tech watcher Remy Gieling will deliver a presentation on ChatGPT and artificial intelligence (AI) in online gambling. Other sessions are dedicated to market and staffing data, operations and affiliate marketing.

“I think it is fair to say that the annual Gaming in Holland Conference has become a fixture in the agendas of all stakeholders in the Dutch gambling market,” the founder of Gaming in Holland, Willem van Oort, said. “As always, we are happy to welcome key decision makers to our event and we are very pleased that they are willing to share their thoughts on creating a sustainable and responsible gambling market; especially at this critical juncture.”

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Australia

Government Warns Industry About Going Quiet on Gambling Harm Messaging in TV Ads

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Department of Enterprise Investment and Trade

The New South Wales (NSW) Government is calling on wagering operators to ensure responsible gambling messages are communicated effectively in advertising.

The announcement comes as Liquor and Gaming NSW has issued show cause notices to two betting operators due to irregularities in their television ads that undermined agreed responsible gambling messages.

Jane Lin, Regulatory Operations and Enforcement Executive Director for Liquor and Gaming NSW said wagering operators in NSW should ensure their advertising gives these messages the right exposure to reduce the risk of harm.

“In one instance, the responsible gambling message was barely audible while the rest of the ad could be heard loud and clear,” Lin said. “Another operator drastically changed the tone of the voice-over when the message was spoken, going from strong and confident to soft and passive.

“We urge gambling operators and their creative agencies to advertise responsibly and make sure content is in the spirit of providing a clear harm reduction message to consumers and the broader community. Betting operators have a vital role to play in reducing risk of gambling harm and it starts with how they advertise.”

The requirement to include standardized responsible gambling messages in advertising is part of the National Consumer Protection Framework (NCPF) for online wagering in Australia. The Framework is designed to provide strong and nationally consistent minimum protections for consumers of interactive wagering services licensed in Australia, in line with international best-practice.

Liquor and Gaming NSW is responsible for ensuring operators in NSW comply with various measures in the Framework including responsible gambling messaging. The wagering operators are engaging with Liquor and Gaming NSW on this matter.

Liquor and Gaming NSW can take a range of disciplinary actions, such as prosecution, if there is evidence operators have failed in their responsibility to provide clear harm reduction messaging under the NCPF. Wagering operators found guilty face penalties of up to $110,000. For more information on the Framework visit Gambling Reforms, Department of Social Services, Australian Government (DSS . Gov. au). Media contact: [email protected] LiquorAndGaming. NSW.Gov.au, 0438 207 294.

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HappyHour.io Strengthens iGaming VC Position with Ben Clemes as Investment Portfolio Partner

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HappyHour.io, a leading investment firm in the iGaming industry, is delighted to announce the appointment of Ben Clemes as Investment Portfolio Partner. In this role, Clemes will accelerate the growth of current investments while spearheading the expansion of the portfolio with promising start-ups poised to shape the future of the industry.

Clemes joins HappyHour.io from Gaming Innovation Group (GiG), a company he co-founded alongside Robin Reed, Managing Partner of HappyHour.io. During his tenure at GiG, Clemes held various influential positions including Chief Commercial Officer, Chief Business Officer and General Manager of GiG North America. Notably, he played a pivotal role in establishing Guts.com, one of GiG’s flagship operator brands, as well as the platform business GIG Core and its expansion into the North American market.

With over 16 years of comprehensive experience spanning casino operations, user experience (UX), business development and commercial success in the online gaming realm, Clemes brings a wealth of expertise to HappyHour.io. Prior to his online gaming ventures, he spent six years in Las Vegas working across various properties. Clemes will return to the United States, with a base in San Francisco, and will work with North American-based start-ups, investors and partners in his new role.

“It is a privilege to be joining the team at HappyHour.io and working alongside such inspirational thought leaders and pioneers in the iGaming industry whilst supporting the brilliant minds of teams and individuals that are changing the way the industry is evolving,” said Clemes. “I am really excited to jump in and support these future giants of iGaming with my years of diverse experience and finding more companies of tomorrow to support and grow.”

“Working with Ben again is immensely gratifying, given his remarkable track record of growing start-ups into robust and prosperous businesses,” Reed said. “With his vast experience and deep understanding of the industry, coupled with his visionary outlook, Ben is the ideal custodian for our current investments and future portfolio companies. His addition to the HappyHour.io team is warmly welcomed.”

HappyHour.io remains committed to driving innovation, supporting emerging talent and fostering the growth of the iGaming industry. The appointment of Ben Clemes as Investment Portfolio Partner further solidifies its dedication to nurturing the industry’s next generation of trailblazers.

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