WA.Technology’s Weekly iGaming Update

December 1, 2023

Explore the latest in online gaming with WA.Technology's iGaming Newsletter. Tailored for enthusiasts and professionals, we bring cutting-edge trends and innovations from the exciting iGaming world.

Brazil Postpones Betting Vote Amid Senate Division

In a pivotal moment for Brazil's gambling landscape, the much-anticipated final vote on Bill 3,626/23, set to launch the country's federal sports betting marketplace, has been postponed due to last-minute Senate deliberations. Initially focused on sports betting, the bill faced division among senators over the inclusion of online casino games, leading to the postponement of Senator Veneziano Vital do Rêgo, the session's overseer. Despite the bill undergoing over 100 amendments since September, the opposition demands further scrutiny, particularly on online casinos.

The delay has caused frustration among Brazilian gambling stakeholders, particularly after the Economic Affairs Commission (CAE) completed its review, supporting online casino inclusion for enhanced tax revenue. CAE's Senator Angelo Coronel backed this approach, aligning with Finance Minister Fernando Haddad's goal to raise about R$12 billion annually for President Lula da Silva's economic recovery program. The bill, which has evolved significantly during its congressional journey, including amendments for 'Online Game Events,' now awaits a new voting date by Senate President Rodrigo Pacheco. This decision has substantial implications for the country's economic strategies and the future of gambling. SBC News.

Senator Proposes Casinos to Revitalise Acapulco

In a bold move to revitalise Acapulco's tourism and economy, Mexican Senator Alejandro Rojas Díaz Durán, from the Morena party, has proposed a transformative reform of the Federal Gaming and Lotteries Law (LFJS). The proposed changes aim to introduce regulated casinos in Acapulco to improve tourism. This strategy is designed to recover Acapulco's economy and re-establish it as a leading global tourist destination.

Alejandro Rojas Díaz Durán, who shared his thoughts on X (formerly Twitter), envisions creating an exclusive zone for casinos with incentives such as low taxation to attract investment. This approach aims to enhance the local community's prosperity. In addressing criticisms, the senator emphasises the plan's focus on stringent regulations ensuring legal and transparent casino operations, reinventing the deluxe resort as a world-class, international holiday destination.

Seychelles Boosts Online Gaming with New Regulations

To fortify its online gaming and betting sector, the Seychelles government has announced comprehensive regulations under the Seychelles Gambling Act. Approved by the Cabinet of Ministers, the regulations aim to categorise iGaming for licencing by outlining specific fees and conditions. Vice President Ahmed Afif highlighted the need for improved ways for the Financial Services Authority (FSA) to oversee the sector. 

The refinement of the Seychelles Gambling Act, initially established in 2014, marks a substantial step towards improving industry practices. Vice President Afif stressed the importance of this regulation in providing transparency and establishing stringent controls over online transactions. These measures are set to align with global anti-money laundering standards, ensuring that Seychelles upholds a responsible and secure online iGaming environment.

Faker's Comeback Secures T1's Victory at eSports LoL Worlds 2023; London to Host 2024 Finals

In an epic eSports comeback story, reported by Dexerto, Lee ‘Faker’ Sang-hyeok led T1 to victory at the LoL Worlds 2023, reaffirming his status as the most outstanding League of Legends player ever. Despite an earlier injury and T1’s fluctuating performance, Faker's return ignited a dramatic turnaround, culminating in a win over Weibo Gaming. His leadership was instrumental in T1’s resurgence, marking this victory as one of the most remarkable comebacks in eSports history. Faker, committed to competing at the highest level, extends his legendary tenure with T1 to 2025.

Adding to the eSports excitement, Forbes revealed that London will host the 2024 League of Legends World Championship final at the O2 Arena. This decision follows the city's successful hosting of the 2023 Mid-Season Invitational and underscores London's growing prominence in global eSports. The event at the legendary O2 is set to offer an unforgettable experience, highlighting London's commitment to supporting and expanding the eSports industry.

Forbes Cyprus Hosts Fintech Summit and Celebrates Women in Tech

In more news from Forbes, the Forbes The Future of Fintech Summit will occur in Limassol, Cyprus, from December 7-8, 2023. This premier event will unite over 1,000 attendees, including fintech executives, investors, policymakers, and experts, to explore fintech's transformative potential. Over 30 speakers and 20+ innovative fintech startups will engage in insightful workshops, conversations, and showcases. The two-day conference promises fresh perspectives from Europe's fintech leaders alongside the most intriguing startups in the fintech landscape.

The same week, on 8 December, the Forbes 20 Women in Tech Cyprus Awards 2023 is set to honour outstanding women in technology. With 81 nominations received, the selection process was led by Forbes editors and global thought leaders. The awards recognise women who have advanced the tech industry and actively contributed to social initiatives. The winners will be announced at a grand ceremony and gala dinner with a special performance by Jenny Berggren of Ace of Base. 

WA.Technology Weekly

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