The American Gaming Association (AGA) has released in a new policy statement that it is open to the idea of legalized internet gambling as long as the proper regulatory structure was enacted to protect consumers and the integrity of the game. However, while changing its stance on legalized internet gambling, it has still not endorsed any of the bills now before Congress.
Internet gambling is estimated to be a $26 billion a year industry.
AGA Chief Executive Officer Frqank fahrenkopf Jr. stated: “
“If something were to start, then fundamentally this give us a seat at the table… The majority of our board now has a favorable stance on Internet gaming, as long as there is strong regulatory control. But also, we’re not endorsing any of the bills now in the loop.”
The AGA estimates that $21 billion was wagered by players world wide in 2008 and that U.S. players bet$5.9 billion with offshoreonline gaming companies.
Fahrenkopf further stated: “”This is a topic our board has discussed many times…The board has been split three ways: those who were opposed, those who were in favor and those who were unsure. That left us pretty neutered, but this stance allows the organization to be a player in what is ultimately decided.”
He stated that the AGA studied the various technologies available and decided that the technology does now exist to regulate the industry and to safeguard against money laundering and underage gambling. The Association was split as to whether to support federal or state regulation.
The iGaming market in Ontario was recently regulated and Push Gaming is now set to enter the market after fulfilling the necessary regulatory requirements. The B2B gaming provider has confirmed that it has registered with the Alcohol and Gaming Commission of Ontario, which enables it to start offering its services and collaborate with authorized service providers in the province. This is exciting news for Push, as well as for the iGaming industry in Ontario.
Tom Horn Gaming is a well-known name in the iGaming software solutions industry, and the company has been working hard to bolster its market presence in recent months. The latest move in this regard is a content deal with the iGaming and betting operator, Interwetten. This deal will lead to the provider’s popular gaming titles being available to even more gambling enthusiasts.
Under the terms of the agreement, Stakelogic Live will supply its entire suite of games to Relax Gaming (RG) customers via its Silver Bullet platform, which is used by some of the largest operators in the industry. The games will be made available in a variety of languages, including English, German and Finnish. Stakelogic Live launched its first game, Auto-Roulette, in December 2020 and has rapidly grown its portfolio to include a wide range of popular live casino games.