Arkansas Sports Betting Expansion
Arkansas has legalized online sports betting, with Southland Casino Racing in West Memphis being the first to offer online sports bets.
Saracen Casino Resort and Oaklawn Racing Casino Resort are expected to launch their online betting platforms soon.
Major operators like Caesars, DraftKings, FanDuel, and BetMGM are anticipated to enter the Arkansas market.
Retail sports betting has been legal since 2018, with the first sportsbooks opening in 2019. The legal age for sports betting is 21.
Here are some recent developments in the gambling industry:
Thailand’s Casino Regulations
Thailand is proposing stringent measures for locals wishing to enter newly planned casinos. Requirements include a minimum of 50 million baht in fixed deposits for six months and an entry fee up to 5,000 baht.
These measures aim to attract foreign tourists and generate revenue but may limit local access. Currently, gambling in Thailand is largely illegal, with exceptions like state-controlled horse racing and lotteries.
The draft regulation is undergoing public hearings and requires parliamentary approval.
Philippine Offshore Gaming Operators (POGOs) Ban
In July 2024, President Marcos announced a nationwide ban on Philippine Offshore Gaming Operators (POGOs). Executive Order No. 74, issued on November 5, 2024, mandates the closure of all POGOs by December 31, 2024.
This decision follows concerns over illegal activities associated with POGOs.
Increased in sports betting and gambling addiction:-
A new study reveals a dramatic increase in sports betting and gambling addiction help-seeking since legislation paved the way for states to legalize sports betting.
Online searches for gambling addiction-related terms have surged in recent years across the U.S., especially in states that have legalized sports betting.
However, some experts argue that these findings do not necessarily indicate a surge in gambling addiction.
Gambling Commission Enforcement Actions
The UK Gambling Commission has fined Merkur Slots UK Limited £95,450 for social responsibility failings at one of its adult gaming centers.
Additionally, consumers are being advised that Stake.uk.com will no longer be a licensed website from next month.
Concerns Over Gambling in Football
A recent report highlights the increasing prevalence of gambling advertising in football, noting that West Ham’s game with Aston Villa alone contained 6,500 gambling messages, with more than 4,000 on pitchside hoardings.
This surge in advertising is particularly effective at targeting young adults, with individuals aged 18-24 being 2.5 times more likely to stake more than £500 each month compared to the overall population.
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