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.
Thunderkick has entered a partnership with Relax Gaming (RG) which will see its entire suite of iGaming products made available to RG’s network of operators. This is a significant move for both companies and is expected to lead to great commercial success.
The Stockholm-based developer, Thunderkick, has over 50 released slots titles in 15 jurisdictions, including well-known games such as Pink Elephants, Esqueleto Explosivo, and Beat the Beast.
Relax Gaming (RG), the iGaming content aggregator and developer, entered a partnership with developer Evoplay! The latter is well respected within the industry thanks to its highly innovative games. This partnership will allow RG access to its portfolio of more than 160 slots, tables, and instant games.
Playson is excited to offer its popular product portfolio to licensed operators across Canada’s second-largest province. The company has successfully met the AGCO’s regulatory standards and is now able to operate in Ontario. With a strong focus on providing engaging content, Playson is well-positioned to service the Canadian market and capitalize on the growing demand for quality digital entertainment.
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