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Global Gaming Groups Unite to Tackle Illegal Gambling
Better Together
As the gaming industry reaches new heights globally, concerns such as illegal gambling and security have become more pressing. In response, the American Gaming Association (AGA), European Casino Association (ECA), and the Betting & Gaming Council (BGC) have signed a memorandum of understanding (MOU) to address these challenges. The collaboration, announced on October 9, aims to create a more secure, innovative, and responsible gaming environment.
Key Positions
- The American Gaming Association (AGA), European Casino Association (ECA), and Betting & Gaming Council (BGC) have signed an MOU to address illegal gambling, security, innovation, and responsible gaming.
- The partnership includes a law enforcement roundtable in January to develop strategies against illicit gaming activities and share expertise.
- In 2023, the gaming industry invested $471.8 million in responsible gambling initiatives to enhance player protections and promote safer betting practices.
Focus on Security, Innovation, and Responsible Gambling
The MOU outlines the joint commitment of the three organizations to tackle critical issues like illegal gambling, security, innovation, and responsible gaming. This partnership is seen as a strategic move to improve global gaming standards while addressing the threat posed by unregulated gambling markets.
“This partnership marks a new chapter in our shared vision to build a world-class, trusted, and sustainable betting and gaming industry,” said BGC Chief Executive Officer Grainne Hurst in a news release. She emphasized the importance of collaboration, highlighting the expertise of the BGC's members in setting safer gambling standards.
AGA President and CEO Bill Miller also underscored the value of the partnership, stating, “This new partnership is a significant step forward in our collective efforts to advance the legal gaming industry and protect consumers around the globe.” Miller believes that the combined resources of the AGA, ECA, and BGC will help fight illegal gambling more effectively and enhance industry best practices.
The partnership's first major initiative is a law enforcement roundtable, scheduled for January. This event will bring together industry regulators and law enforcement officials to devise strategies against illegal gaming activities. The roundtable aims to create a platform for research and collaboration, where members can share their expertise and address the rising challenges in the gaming sector.
Erwin van Lambaart, chairman of the ECA, expressed his support for the collaboration, stating, “The ECA fully backs this initiative and supports the ongoing efforts to rigorously combat illegality within our industry.” He highlighted the roundtable as a key opportunity to enhance player protections and security across borders.
Industry Commitment to Responsible Gaming
The gaming industry's commitment to responsible gaming is evident in its substantial financial investments. According to AGA research, the industry allocated $471.8 million towards responsible gaming efforts in 2023. This investment aims to provide bettors with the tools and knowledge necessary for safer betting practices.
Joe Maloney, AGA's senior vice president, highlighted the importance of these initiatives, noting that gaming companies are not just meeting regulatory requirements but are also voluntarily investing in responsible gaming. These efforts are designed to mitigate the risks associated with problem gambling and ensure a safer environment for consumers.
“This partnership marks a new chapter in our shared vision to build a world-class, trusted, and sustainable betting and gaming industry.”
Conclusion
The MOU between the AGA, ECA, and BGC marks a significant step in addressing key challenges facing the global gaming industry. By pooling their resources and expertise, these organizations aim to enhance security, promote innovation, and encourage responsible gambling practices. As the law enforcement roundtable approaches, the collaboration between these associations sets the stage for a more secure and sustainable future for the gaming industry.
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