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Sportsbook

Episode 2: Benefits of a more regulated gaming scenario

Thursday 17 de January 2019 / 13:19

2 minutos de lectura

(Malta).- The second episode of the series “LATAM: Technological and regulatory focus” will concentrate on the regulatory and legislative aspects and its benefits for the iGaming and betting industries.

Episode 2: Benefits of a more regulated gaming scenario

In recent years, the number of countries that have adopted their own gambling regulatory frameworks is on rise and regulations are seen to be of crucial importance, as they provide benefits for all parties involved in the gaming environment. In this perspective, operators, suppliers, and consumers can see significant progress from effective regulatory frameworks as they help to build a safer form of entertainment.


Today there are hundreds of online casino and gaming operators but the gambling regulations vary from country to country.


In the iGaming industry, Latin America is one of the fastest growing regions, with many countries showing great potential for growth. This potential is further being underlined with countries like Colombia, Peru, Mexico, Brazil and Chile all putting local regulations in place with the help of which gaming operators become even more interested in starting or expanding their businesses in the region.


A more stable, safe and trustworthy gaming environment


A more regulated scenario surely presents operators with a wide array of benefits including safety, stability, and trustworthiness. A strong regulatory framework includes:



  • Proper operation on interactive games

  • Protection of players

  • Prevention of money laundering

  • Protection of public interest


However, although regulated markets guarantee the above-mentioned advantages, they can present a complex framework for the operators in which to operate. Having this in mind, operators should seek to work with a strong technical partner who offers gaming solutions that are compliant with the regulatory necessities of the market where they intend to operate.


An advanced technology as a winning strategy


Constantly monitoring the evolving regulatory scenarios and changes in legislation is imperative for gaming operators who seek to maintain growth to their businesses in a safe environment. However, the technological aspect in terms of adapting to the new regulated gaming and betting scenarios also has an important role. Numerous gaming operators are in search to implement a gaming platform that is easily adaptable to different local jurisdictions.


Implementing a multi-jurisdiction platform compliant with strictly regulated markets, and modern software technology that is scalable and adaptable to different players’ needs and demands is the key to succeeding.


We have come to an end of the second episode. Stay tuned for the next episode which will focus on the LATAM regulatory scenario.

Categoría:Sportsbook

Tags: btobet, Sports Betting, betting software, Sportsbook , Betting On Sports,

País: Malta

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

AI: The new ace in the hole for the games of chance industry

(Cartagena, Exclusive SoloAzar).- One of the conferences held within the recent GAT EXPO, brings to the table a topic that is on everyone's lips: Artificial Intelligence (AI). This year, the panel entitled “Artificial Intelligence in the Entertainment Industry” was held with the presence of prominent experts from Latin America.

Tuesday 30 Apr 2024 / 12:00

Why to invest in Paraguay?

(Cartagena de Indias, Exclusive SoloAzar) - During the conferences organised at the GAT EXPO 2024 fair, Dr. Carlos Augusto Liseras Osorio, president of the National Gaming Commission, (CONAJZAR, in its original) asked this tacit question, to highlight the advantages and benefits of investing in the Republic of Paraguay, and also notifying the audience about the upcoming tenders for 7 land-based casinos in that country.

Monday 29 Apr 2024 / 12:00

Novomatic's innovative offerings and market insights: a recap of our presence at GAT Expo 2024

(Cartagena de Indias, SoloAzar Exclusive).- Manuel Del Sol - CEO at NOVOMATIC Gaming Colombia, gave an overview during the interview with SoloAzar, focusing on the innovative products presented at the event, the good reception from visitors, insights on the Colombian iGaming market, the latest technological trends incorporated into the platform, and the firm's approach to regulatory adaptation in the Latam market.

Friday 26 Apr 2024 / 12:00

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