Wynn Resorts plans to expand its sports betting arm across the US

The countdown has ended, and the deadline for gaming licence applications in Brazil officially closed as of midnight on 20 August with 114 applications meeting the deadline.

SiGMA News presents the final list of companies that have submitted applications through Sistema de Gest?o de Apostas (SiGAP) until midnight on 20 August. The most popular day for submissions was 20 August. with applications still pouring in until the very last moment. The final list below, with the most recent applications at the top, includes Kaizen, the first submission on 26 May. Initially, 134 companies expressed interest, with 114 companies successfully submitting applications marking a significant milestone in the regulated gaming market.

The final list, featuring the latest applications at the top, includes Kaizen, the first applicant, dated 26 May. Initially, 134 companies expressed their interest, marking a significant milestone in the regulated gaming market. Applications submitted will receive a response by year-end to legally operate from 1 January 2025.When a company submits more than one application, it indicates a need for multiple licences to operate various brands.

The highest number of applications was recorded on the final day, 20 August. As midnight approached, there was a surge in new applications. SiGMA News noted that BBET Solucoes was the 101st company to apply for a licence at 11pm. In the last hour, from 11 PM to midnight Brazil time, four more applications were submitted by G2 Negocios Digitais Ltda, Puskas Bet, Zetbet Ltda, Cash for Pay Ltda and AF Technologia e Solucoes Financeiras Ltda, was the final applicant before the midnight deadline.

Registration in SIGAP is mandatory for companies aiming to operate in the regulated market. The Treasury guarantees that applications submitted before 20 August will receive a response by the end of the year. Approved companies will be able to operate legally from 1 January, 2025, when all regulatory rules come into effect.

Companies applying after 20 August may begin trading in January 2025 without a federal licence in January 2025 but will face penalties, as the approval process can take several months.

According to Estad?o, around 60 companies were expected to apply prior to the process commencing. This estimate increased to 134 earlier this month. The decline from 134 to 114 is attributed to the stringent legal requirements, including a BRL 30 million ($5.5 million) subsidy, which many platforms may not be able to meet, preventing them from operating in Brazil's regulated market.

In a new collaboration, Gala Bingo and Moonpig have partnered to launch a collection of greeting cards that promises to surprise and entertain.

Proving to be a very creative proposal, the collection features eight themed cards that celebrate special moments in a unique way, using classic bingo calls as inspiration. This partnership will offer customers something beyond the conventional, transforming simple messages into memorable occasions. Each card in the collection is designed to fit into different types of celebrations, with a touch of humour.

To purchase the new cards, one must be in a country where Moonpig delivers: New Zealand, Australia, the United Kingdom, Canada, the United States, and Ireland.

Sara Jolly, responsible for the Gala Bingo brand, spoke about the partnership with great enthusiasm, highlighting that the initiative aligned with Moonpig’s commitment to celebrating the moments that really matter. “We want our customers to be able to send joy and affection on every occasion, and this collection is a creative way to do that,” said Jolly.

For birthdays, for example, the cards come with humorous references, such as "Baker's Buns," which play on the idea of baking a cake to mark the special date.

For a "get well" greeting, the “Doctor’s Orders” card features a message that mixes care and fun, reminding the receiver of the greeting card that laughter is the best medicine. When it comes to congratulating someone for getting a new home, the “Knock at the Door” card offers a light-hearted and relaxed way to share the joy of this new phase. Other cards are available for various commemorative dates, such as a 40th birthday, and some are simply funny cards to surprise the receiver with a bingo joke.

Available exclusively on the Moonpig website until the end of the year, these cards can be purchased in a range of sizes, with prices starting at ￡3.99. However, the sale is restricted to customers aged 18 and above, ensuring a safe and appropriate shopping experience for the target audience.

In Indonesia, the Ministry of Communication and Information Technology (Kominfo) is gearing up to use Artificial Intelligence (AI) to win the war on illegal online gambling.

Teguh Arifiyadi, Director of Application Control at the Directorate General of Informatics Applications, is a strong advocate for using AI to eliminate illegal gambling websites and apps. He explained how AI enables the rapid detection and blocking of online gambling sites at a rate that would be impossible otherwise.

"We are harnessing the latest technology to detect and block online gambling sites. With machine learning, our systems can learn from existing patterns and continuously update blocking methods in line with the technological advancements used by perpetrators," he stated.

The AI-driven system not only prevents access to these sites but also helps to suppress the emergence of new sites, which often appear within hours of older ones being blocked.

Arifiyadi acknowledges, however, that while advanced technology is crucial, it is not sufficient on its own due to the enormous financial turnover involved in online gambling activities.

Kominfo has recently strengthened its partnership with several key agencies, including the Indonesian National Police, the Financial Services Authority (OJK), and the Financial Transaction Reports and Analysis Center (PPATK).

Kominfo’s partnership with OJK focuses on blocking bank accounts used for online gambling transactions, while the Indonesian National Police ensures that those involved in illegal gambling are prosecuted. As part of these efforts, PPATK has already blocked 4,548 accounts suspected of being used for gambling deposits in 2024.

The turnover of online gambling in Indonesia is expected to exceed $20 billion by the end of the year. The government, led by Kominfo, has vowed to eradicate illegal gambling, which is viewed by authorities as a threat to the population, particularly to lower-income groups, who make up the majority of the estimated three million participants.

In recent years, the Financial Transaction Reports and Analysis Center (PPATK) has revealed an exponential increase in the flow of money within the illegal online gambling sector. From $129 million in 2017 to $323 million in 2020, the turnover surged to $21 billion by 2023, according to official figures.

The sports betting industry is growing in the United States, reflecting one of the most popular trends in the global gaming scene. Since the legalization of sports betting in 2018, when the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), the American market has seen a lot of growth. In just five years, annual gross gaming revenue (GGR) skyrocketed from $400 million to $11 billion in 2023, highlighting the country as one of the leading global players in this sector.

The GGR, an acronym for Gross Gaming Revenue, is a key indicator to understand the performance of the sports betting sector. It represents the total amount of money wagered minus the winnings distributed to players. For example, if in a casino a player bets $1 million and wins $900,000, the resulting GGR would be $100,000. This concept is essential for measuring the profitability and financial health of the gaming marketplace.

Gross gaming revenue in the United States has increased  very rapidly from $0.4 billion in 2018 to $0.9 billion in 2019, $1.5 billion in 2020, $4.3 billion in 2021, $7.5 billion in 2022, to reach the current figure of $11.0 billion in 2023.

Since the 2018 decision, states such as Nevada, New Jersey, and Pennsylvania have led the growth of sports betting in the US. Nevada, driven by Las Vegas, is one example. In the first four months of 2024, the state generated more than $5 billion in commercial gaming revenue, which includes sources other than sports betting. New Jersey and Pennsylvania also stood out, each generating more than $2 billion over the same period. These numbers reflect the strong sports culture, regulatory frameworks, and early adoption of legalisation in these states.

The impact of legalisation is evident in both the numbers and the geographic expansion of the market. To date, 38 states and the District of Columbia have legalised sports betting.

The future of sports betting in the United States is positive, with economic, cultural, and legal factors driving the industry. With more states legalizing and revenues on the rise, the country is establishing itself as one of the largest sports betting markets in the world.