Illegal gambling has been a longstanding issue in the gaming industry, causing concern for both regulators and operators alike. The annual Global Gaming Expo (G2E) recently took place in Las Vegas, bringing together key stakeholders from the industry to discuss strategies for combating this pervasive problem.
One of the prevailing themes at this year’s conference was the importance of collaboration in the fight against illegal gambling. As the saying goes, “it takes a village,” and industry experts emphasized the need for all stakeholders to work together to address this issue effectively. Regulators, operators, and technology providers all have a role to play in preventing illegal gambling activities from taking place.
Regulatory bodies such as the Nevada Gaming Control Board have been at the forefront of efforts to combat illegal gambling. The Board’s enforcement division works tirelessly to investigate and prosecute unlicensed gambling operations, in an effort to protect consumers and ensure the integrity of the industry. At G2E, representatives from the Board spoke about the challenges they face in identifying and shutting down illegal gambling activities, and the importance of collaboration with other agencies and industry partners.
Operators also play a crucial role in the fight against illegal gambling. Many have invested in sophisticated technology solutions to monitor and detect suspicious activity on their platforms, in order to prevent unauthorized gambling and protect their customers. At G2E, leading operators shared best practices for implementing robust compliance and risk management programs, and emphasized the need for ongoing innovation in this area.
Technology providers have also been instrumental in the fight against illegal gambling. Companies such as GeoComply offer geolocation and anti-fraud solutions that help operators verify the location of their customers and detect any attempts to circumvent licensing requirements. At G2E, these providers showcased their latest innovations in compliance technology, and emphasized the importance of collaboration with operators and regulators to ensure a safe and secure gaming environment.
Overall, G2E served as a reminder that battling illegal gambling is a complex and multifaceted challenge that requires a coordinated effort from all stakeholders. By working together, regulators, operators, and technology providers can help to protect consumers, maintain the integrity of the industry, and ensure a level playing field for all participants. As the gaming industry continues to evolve, collaboration will be key in addressing this critical issue and preserving the future of responsible gaming.