Gambling has been a popular form of entertainment for centuries, with its origins dating back to ancient China and Rome.
Over the years, the practice has evolved and today, there are various forms of gambling, including casino games, sports betting, online gaming, and lotteries and regulated gambling regimes in jurisdictions around the world which affect the operations of all T10 Casinos
However, gambling has also been a controversial activity, with concerns around its impact on society and individuals. As a result, many countries have introduced new gambling laws in recent years to regulate and control the industry. In this article, we will explore some of the new gambling laws around the world.
United States
The United States has a long history of gambling, with Las Vegas being one of the world’s most famous gambling destinations. However, until recently, online gambling was illegal in the country, and only a few states allowed sports betting.
In 2018, the Supreme Court overturned a federal ban on sports betting, allowing states to legalize and regulate the industry. Since then, over 20 states have legalized sports betting, with more expected to follow.
In addition, several states have also legalized online gambling, including New Jersey, Pennsylvania, and Michigan. However, the industry is still heavily regulated, with strict requirements for operators, such as age verification and responsible gambling measures.
Europe
Europe still has some of the most liberal gambling laws in the world, with many countries in the EU allowing a wide range of gaming activities. However, in recent years, there has been a push for tighter regulation, particularly around the exponential growth of online gambling in all EU jurisdictions
The United Kingdom is known as one of the most regulated markets in Europe, with a strict licensing regime and robust consumer protection measures. In 2019, the government introduced a series of further measures aimed at reducing problem gambling, including a ban on credit card gambling and stricter age and identity verification requirements both offline and online.
Elsewhere in Europe, many countries have also introduced new gambling laws in recent years.
In Sweden, for example, the government introduced a new licensing system for online gambling operators in 2019, aimed at improving consumer protection and reducing the risk of money laundering. Similarly, the Netherlands is set to introduce a new online gambling law in 2021, allowing foreign operators to apply for a license in the country for the first time.
Asia
Asia is home to some of the world’s largest gambling markets, including Macau, Singapore, and the Philippines. However, the industry is still heavily regulated, with many countries only allowing gambling in specific locations or under strict conditions.
China, for example, has strict laws around gambling, with only a few locations, such as Macau and Hong Kong, allowing casinos and recently in both cities pressuer from Beijing has forced both to tighten regulations
Similarly, in Singapore, gambling is heavily regulated, with only two casinos in the entire country.
Australia
Australia has one of the highest rates of gambling in the world, with over 80% of adults participating in some form of gaming activity. However,, that said, the industry is heavily regulated, with strict laws around advertising and consumer protection.
In recent years, the government has introduced several new gambling laws aimed at reducing problem gambling and some of the business activities of the big casino groups.
For example, in 2018, the government introduced a ban on gambling advertisements during live sporting events, and in 2019, it introduced a new national self-exclusion scheme for online gambling.
Africa
Africa is a growing gambling market, with many countries introducing new laws to regulate and control the industry.
In South Africa, for example, gambling is legal and regulated, with a national lottery and several land-based casinos. Similarly, in Kenya, the government has introduced new regulations aimed at reducing problem gambling and improving consumer protection.
To Sum Up
Overall, the gambling industry is heavily regulated around the world, with many countries now introducing new laws and regulations to control and monitor the industry especially when it comes to online activities and opeartions.
While there are concerns around problem gambling and its impact on society, many governments see gambling as a way to generate tax revenues and support economic growth, as the industry continues to evolve.
