Category: Gambling Industry News

The gambling industry changes quickly. The landscape of the gambling world last year is completely different from how it is now. Here in our gambling industry news section, you can find the latest developments in the industry. While you can check out our gambling software reviews to find out the best in the industry, you can read about the latest data from the gambling market here. Read the latest gambling reports, announcements, press releases from gambling companies, and more.

Legislators Look into Legalizing iGaming in Louisiana

IGaming is one of the largest markets in the gambling industry. While retail casinos, especially those in entertainment complexes are popular and lucrative, online gaming has a wider reach. And with that reach, you have the potential to increase your revenue potential. In the US, more than 30 states offer online sports betting, but only 6 offer iGaming. One state is aiming to raise that count to 7, but the future is quite murky. Let us take a look at the potential for legalizing iGaming in Louisiana.

Later this year, two state Senate committees will be meeting to hold preliminary discussions on legalizing iGaming in Louisiana. The goal is to offer real-money online slots and table games. However, the full legislature will not be convening until April 2025.

Legalizing iGaming in Louisiana

Legislators Look into Legalizing iGaming in LouisianaWith the legislative schedule as it is, we should not expect to see anything important happening this year. Even if they pass a bill next year, there is no guarantee that the implementation will happen in 2025. However, with so many great options for where to play online casino games, the state loses the chance to earn from this.

If you look at your bookie pay per head software, you have the option to add iGaming products to your sportsbook. Once you do, and you offer it to your players, you will see how lucrative it is. From slots to table games and card games like baccarat, your players will enjoy hours of fun in your online casino. This leads to higher revenues for your operation. If you look at states like New Jersey, their iGaming revenues are at par with sports betting revenue, and the state collects millions in tax revenue. This is the main push that legislators should make. After all, the income from tax revenue and licenses can go a long way in funding socio-economic programs in the state.

iGaming Across the US

Legislators Look into Legalizing iGaming in LouisianaLouisiana’s situation is not unique to them. Other states have similar difficulties in their efforts to legalize iGaming. This is in spite of the fact that 38 states have some form of sports betting regulation already in place. Right now, there are 7 states that offer iGaming. These are New Jersey, Michigan, West Virginia, Pennsylvania, Nevada (online poker only), Rhode Island, Delaware, and Connecticut. As you can see, only a few states have been earning from tax revenues from online casinos.

There are, however, some states that are actively working on adding iGaming to their markets. States like Colorado, Illinois, Maine, Maryland, New York, Iowa, and Wyoming are likely to follow suit. The question is, when? Because at the current pace they are working at, we may not see any law pass this year. If, however, you want to go ahead and run your own complete iGaming business, you can do it easily. With the help of a reliable gambling software company, you can get your sportsbook and casino online in minutes. These bookie pay per head reviews will help you find one that fits your preferences.

 

Bookie Pay Per Head Service

Regulators Mull eSports Betting in Nevada Sportsbooks

Nevada is one of the most established gambling markets in the world. It is also one of the most innovative. Even with online sports betting and online gaming, they always provide their players with an experience up to the standards of Vegas gambling. Adding eSports to your bookie pay per head sportsbook is not something that all sportsbooks do. Nevada regulators want to know more about eSports betting, and they want to be able to see regulated eSports betting in Nevada sportsbooks.

Thus, an eSports Technical Advisory Board was formed. This committee will be proposing amendments that will regulate and streamline what sportsbooks must do to offer eSports betting. Much like in a pay per head sportsbook service, eSports betting can help boost the local betting market given how popular it is becoming.

Streamlining eSports Betting in Nevada

Regulators Mull eSports Betting in Nevada SportsbooksThe committee will then forward their recommendations to the Nevada Gaming Commission and the Nevada Gaming Control Board. Once the regulations pass both offices, sportsbooks in the state can now offer eSports betting in Nevada. The recommendation proposes that prior approval would not be needed if they comply with certain rules.

eSports betting is technically legal in Nevada, but its classification under the law means that operators will need prior approval before they can offer eSports wagering. By streamlining this, operators will have to spend less resources and time filing for approval. Once of the challenges bookies experience is being able to offer the best and the latest gambling products to their players. The less resistance and obstacles bookies face, the better the outcome and revenue.

 

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Dubai Could Be Next Gambling Hotspot

Yes, it sounds very impossible, but what began as rumors and whispers within the Global Gambling industry is now starting to gain more ground. We could soon see gambling in the United Arab Emirates (UAE) and see a new gambling hotspot. One of the smaller of the emirates, Ras Al Khaimah (RAK), has recently announced that they are planning to allow a regulated gambling market in certain resorts. The middle east is, of course, quite an interesting market for gaming as well as the PPH sportsbook industry.

In a similar report in online gambling industry news, Wynn Resorts of the Las Vegas Casino fame, has also announced that they will be building a resort in a man-made island. This resort will be licensed for gambling. This is, of course, surprising news for a region that has traditionally been unfriendly towards gambling.

Dubai as the Next Gambling Hotspot

Dubai Could Be Next Gambling HotspotCurrently, people who want to gamble in the country could do so, if they would visit Lebanon’s Casino du Liban, or some Egyptian hotels. In the UAE, each emirate will have the authority to decide if they will want to regulate gambling in their area. This policy would be similar to how Sharjah does not allow the purchase of alcohol, while other emirates allow it.

There is no specific timeline announced, but many insiders believe that this could happen soon. Given that the interest in gambling in the UAE is now gaining traction, many gambling companies will now be looking into investing in the country. Currently, residents have access to the Loto, as well as some race courses. However, there is also no information if this will be a foreigner-only industry, or if citizens will be allowed to gamble as well.