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huile olive casinoars behind its original planned opening, the Hong Kong-Zhuhai-Macau Bridge (HKZMB) is finally slated to take its first vehicles sometime this fall. DraftKings chief international officer Jeffrey Haas has called for the regulation of the social gaming industry because he believes social gamers should be afforded the same protections as consumers of regulated online gambling, Gambling Insider reports.DraftKings CIO Jeffrey Haas believes social games players should be afforded the same regulatory protections as those who engage with the online gambling industry. And yet politicians across the world are increasingly demanding to know whether the casino-like dynamics of some social games, as well as their addictive nature, means they should be classified as gambling.“These social gaming companies are generating hundreds of millions of dollars per year in revenues, and how can we be sure they are running fair games? How can we be sure they are protecting consumers?” asked Haas.Is Social Gaming Gambling?In Haas’ industry, daily fantasy sports, the “gambling or not” debate hinges on whether DFS contests are games of skill or chance. royal ace casino live chatAnd yet politicians across the world are increasingly demanding to know whether the casino-like dynamics of some social games, as well as their addictive nature, means they should be classified as gambling.“These social gaming companies are generating hundreds of millions of dollars per year in revenues, and how can we be sure they are running fair games? How can we be sure they are protecting consumers?” asked Haas.Is Social Gaming Gambling?In Haas’ industry, daily fantasy sports, the “gambling or not” debate hinges on whether DFS contests are games of skill or chance. In the view of the UK Gambling Commission, for example, it can’t be.“If the prize is not money or money’s worth, they are not gambling under UK legislation,” the regulator has declared, although it did express concern that “social gaming and commercial gambling have become increasingoogle free casino slot games vrxngly blurred.”It noted that the “vast majority” of social gamers play for “very modest” amounts of money and the minority that play for significant amounts is “not sufficiently large to warrant regulatory intervention.”Whose Job Is It?The problem is, for social gaming to be brought under the oversight of gambling regulators, it must first be classed as gambling, and, in many cases, it isn’t. To qualify for a permit, Macau residents needed to prove they regularly conduct business in Hong Kong. ok google free casino slot games

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chumba casino alternativesHowever, Union Gaming analyst Grant Govertsen opined recently that the bridge won’t lead to a substantial increase in tourism to Macau in the short term.“Visitation trends aren’t going to change,” Govertsen stated. However, Union Gaming analyst Grant Govertsen opined recently that the bridge won’t lead to a substantial increase in tourism to Macau in the short term.“Visitation trends aren’t going to change,” Govertsen stated. In the view of the UK Gambling Commission, for example, it can’t be.“If the prize is not money or money’s worth, they are not gambling under UK legislation,” the regulator has declared, although it did express concern that “social gaming and commercial gambling have become increasingoogle free casino slot games vrxngly blurred.”It noted that the “vast majority” of social gamers play for “very modest” amounts of money and the minority that play for significant amounts is “not sufficiently large to warrant regulatory intervention.”Whose Job Is It?The problem is, for social gaming to be brought under the oversight of gambling regulators, it must first be classed as gambling, and, in many cases, it isn’t. seneca niagara casino mobile appHe added there will be “no discernible impact on gross gaming revenue and non-gaming revenues” in the immediate months.A limited number of bridge permits, which are being issued in phases, is one reason the bridge might not immediately grow tourism in the Special Administrative Region. To qualify for a permit, Macau residents needed to prove they regularly conduct business in Hong Kong. But Haas believes there are other government bodies that can step in,“Regulators will intertops casino red free spins

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island resort and casino journeyCasino day-trip shuttles are currently prohibited from using the HKZMB, but there’s no law stopping the resorts from partnering or hiring transportation companies to bring business travelers from Hong Kong to stay at theirgoogle free casino slot games vrxn five-star properties.Mass MarketingTo reduce their dependency on high rollers who are transported to the enclave via junket travel arrangements, Macau casinos have switched their focus to the general public.The mass market is a higher margin demographic than the VIP. And yet politicians across the world are increasingly demanding to know whether the casino-like dynamics of some social games, as well as their addictive nature, means they should be classified as gambling.“These social gaming companies are generating hundreds of millions of dollars per year in revenues, and how can we be sure they are running fair games? How can we be sure they are protecting consumers?” asked Haas.Is Social Gaming Gambling?In Haas’ industry, daily fantasy sports, the “gambling or not” debate hinges on whether DFS contests are games of skill or chance. The industry will suffer without regulatory oversight, he added. To qualify for a permit, Macau residents needed to prove they regularly conduct business in Hong Kong. (Image: GamingMalta)Speaking at the iGB Live conferegoogle free casino slot games vrxnnce in Amsterdam last week, Haas said the lack of regulatory guidance for social gaming operators was “preposterous” and would ultimately harm the industry.Unlike the online gambling industry, social gaming operators are not required to set deposit limits, play limits, or loss limits, or to publicize the odds of winning, for example. However, Union Gaming analyst Grant Govertsen opined recently that the bridge won’t lead to a substantial increase in tourism to Macau in the short term.“Visitation trends aren’t going to change,” Govertsen stated. free online 5 card poker