Pro bettor Billy Walters slams US sports betting industry

While many people would say the first few years of widespread legalized sports betting in the United States since the repeal of the Professional and Amateur Sports Protection Act (PASPA) have been a near-universal success, famed professional bettor Billy Walters is not one of them.

Speaking to a room of lawmakers and regulators at last week’s National Council of Legislators from Gaming States (NCLGS) conference, Walters was highly critical of several aspects of the industry ranging from fairness to transparency to revenue to taxation.

Walters is arguably the most famous sports bettor in the country. Last year, his biography Gambler was a New York Times best seller.

Walters claims legalizing sports betting was done without experts

Like many other gamblers, Walters had high hopes for legalization, something he has longed for for some time.

“I wanted to see sports betting legalized. I want to see it regulated. I wanted to see the criminal element out of it. I wanted to see jobs creat..

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Kansspelautoriteit establishes Duty of Care Online department

The Dutch gaming authority, Kansspelautoriteit, has established a Duty of Care Online department to improve the supervision of online gambling operators’ duty of care.

The KSA noted that the creation of a Duty of Care Online department follows an investigation conducted last September into ten online gambling providers regarding their duty of care interpretation. The investigation revealed that there were “too many differences between providers” as well as shortcomings.

Since then, the authority has amended its Responsible Gaming policy, with the supervision expansion of an online provider’s duty of care now following suit with the creation of a new department.

The KSA stated that the duty of care expansion includes “extensive file research at providers that stand out in the control data, and on the basis of signals received from players”.

In addition, the department will monitor operators regarding the new duty of care and compliance policy rules. The new rules of the ministry wil..

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Kindred sees lowest harmful gambling revenue share since Journey to Zero launch

Kindred has taken a small step towards its Journey to Zero goal as the operator continues to strive for having a zero per cent revenue share from harmful gambling.

Revealing its Journey to Zero results for Q2 2024, Kindred confirmed that three per cent of its revenue share derived from high-risk players, a decrease of 6.25 per cent on the previous quarter (Q1 2024: 3.2 per cent).

This percentage also represents the lowest share of gross winnings revenue from high-risk players since Kindred began its Journey to Zero campaign in 2020.

Alexander Westrell, Director of Communications at Kindred Group, explained: “Our share of revenue from high-risk players has been stable over the past quarters, however we are pleased to see the long-term trend of a slow decline.

“We are working hard across the Group to ensure our customers enjoy our products in a safe and sustainable way, which includes educating customers, stakeholders and partners about safer gambling initiatives.”

Kindred’s lat..

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EGBA members concerned over illegal online gambling growth in Europe

The European Gaming and Betting Association has published its latest sustainability report, stating that 65 per cent of customers of EGBA members – a record 21 million – used safety tools in 2023.

However, a joint CEO letter within the report also raised concerns about the growth of the illegal online gambling market in Europe, with the CEOs mentioning that it “underscores the urgent need for national policymakers to take decisive action to protect their players”.

EGBA’s Sustainability Report 2024, the association’s fourth annual sustainability report, noted that over half of the 21 million customers used safer gambling tools voluntarily, which is a 14 per cent increase year-over-year.

The report – which “outlines the joint efforts and progress made by its members to promote a sustainable approach to gambling and contribute positively to society in Europe” – highlighted a record 67.6 million safer play messages sent by operators to customers, up 49 per cent YoY, of which 23 million ..

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Romania to take regional strategy to tackle problem gambling 

A new strategy is set to be implemented in Romania in a bid to tackle the threat of gambling addiction

In plans that were put forward on Friday July 19, President Klaus Iohannis promulgated a decree co-authored by Romania’s Ministry of Health and Ministry of Justice to launch eight ‘regional centres for the treatment of addictions’.

Key to the strategy is a localised approach for each region in focus, as the new strategy aims to address current ‘treatment inadequacies’ for drug, alcohol and gambling addictions within Romania, particularly for those under 25.

Minister of Justice, Alina Gorghiu, endorsed the project, citing that the current framework to combat addictions left Romanians exposed as treatment options were primarily offered by private clinics and NGOs.

Gorghiu stated: “I’m glad that the party I belong to, PNL, initiated this law because in Romania the state could not properly treat these big problems that are especially among the young generation.”

The Ministry of Just..

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Romania opts for regional strategy to combat addictions

Romania will implement a new strategy to tackle and minimise addiction harms across its administrative regions.

On Friday, President Klaus Iohannis promulgated a decree co-authored by Romania’s Ministry of Health and Ministry of Justice to launch eight ‘regional centres for the treatment of addictions’.

The project will see Romania adopt a new strategy to combat, minimise, and research addiction harms across its eight administrative regions.

The new strategy aims to address current ‘treatment inadequacies’ for drug, alcohol, and gambling addictions within Romania, particularly for those under 25.

Minister of Justice, Alina Gorghiu, endorsed the project, citing that the current framework to combat addictions left Romanians exposed as treatment options were primarily offered by private clinics and NGOs.

Gorghiu stated: “I’m glad that the party I belong to, PNL, initiated this law because in Romania the state could not properly treat these big problems that are especially among the y..

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BGaming backs Polish chess school with €10,000 for events and equipment

BGaming has pledged a donation of €10,000 towards developing a chess school for young people in Warsaw, Poland, hoping to “bring together friends to build communities”.

Agreeing to fund the school ahead of International Chess Day on July 20, BGaming has given the contribution to The Youth Educational Centre of the Orion Fathers in Poland’s capital.

Marina Ostrovtsova, CEO at BGaming, commented: “At BGaming, we have seen how games can bring together friends and players to build communities. It is our pleasure to continue investing in the future of young people around the world and by supporting the launch of this centre, we are sure chess will unite and inspire many of them for years to come.”

The slot supplier’s donation will go towards providing more classes and equipment to young talented chess players, with some funding also going towards organising tournaments and events to attract new demographics to the game.

Andriei Molchanov, a representative of The Youth Educational Cen..

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Labour u-turn on IDs could ease digital KYC demands

In spite of previously stating it wasn’t on their agenda, Labour’s U-turn on digital ID could pave the way for a new era of onboarding and KYC in the UK.

During the King’s Speech on Wednesday, to the surprise of many it was revealed that the government was planning to introduce the Digital Information and Smart Data Bill, focusing on legislation for digital identification.

Roger Redfearn-Tyrzyk: IDNow
Roger Redfearn-Tyrzyk, Vice President Global Gaming at IDnow told PaymentExpert that their introduction could “change the way users onboard to gambling operators in the UK”.

He continued: “In general, prospective players can be verified with the help of database checks (i.e. credit reference agency data), document checks and/or biometric checks to safeguard players and operators against suspicious or fraudulent activity. IDnow offers all these methods within its portfolio.

“In the UK gambling sector, player onboarding via database checks is still the most common verification method to..

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UKGC issues fair terms notice on account withdrawals & confiscated funds 

The UK Gambling Commission (UKGC) has notified online licensees of compliance expectations and duties concerning customer account withdrawals.

An update published by Commission CEO, Andrew Rhodes, references previous concerns about customers experiencing ‘delays when withdrawing funds’. As noted, late or delayed withdrawals are referenced as an action point of the Commission’s Business Plan and Budget 2023 to 2024.

Concerns about account withdrawals are highlighted due to the UKGC’s contact centre “continuing to receive around 2,000 complaints a year about delays to withdrawals.”

Compliance reviews have seen the Commission order operators to amend their terms and conditions, requiring ID verification prior to customer deposits, rather than “delaying identity verification until a customer seeks to withdraw funds.”

Withdrawal issues take on an industry-wide scope, impacting all online operators, yet the Commission maintains that overall complaints remain low in proportion to the tota..

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Stevin Smith joins EPIC to promote gambling harm awareness

EPIC Global Solutions is raising awareness of gambling harm with the help of a former college basketball star.

The London-based gambling harm consultancy has enlisted former Arizona State Sun Devil Stevin “Hedake” Smith to educate young athletes about gambling harm and its consequences. EPIC has added Smith to its roster due to his involvement in a point-shaving scandal during ASU’s 1993-94 men’s basketball season. The scandal resulted in Smith being arrested and subsequently sentenced to a year in prison.

Smith became involved in the point-shaving scheme to alleviate illegal gambling debt.

“I’m passionate about wanting to tell my story and get out there to prevent this from happening again,” said Smith on his decision to join EPIC. “I’ve been able to tell my story to players previously and I’m able to have a relationship with all of them in the audience because of the way I deliver my message and coming from one big fraternity in sport.”

During his time as in Tempe, the Texas nati..

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