Entain, a major player in the gambling industry, has appointed a new CEO, Gavin Isaacs, following the departure of Stella David. Isaacs brings a wealth of experience to the role, having previously served as the chair of Games Global and held positions at DraftKings and SBTech. His appointment comes at a time of transition for the company, as it looks to capitalize on new opportunities in the market.
In other news, the UK Gambling Commission has released its first annual survey, which includes a new scoring system to identify players at risk of problem gambling. The survey revealed that young adults aged 18 to 24 are most vulnerable to gambling-related harm, with a significant percentage of this age group classified as high-risk players. This data underscores the importance of targeted interventions to support and protect young gamblers.
Meanwhile, in Germany, regulators have cracked down on gambling advertising via live streamers in an effort to safeguard minors and vulnerable individuals. The decision to ban such advertising reflects a broader trend towards stricter regulation of the gambling industry across Europe, as authorities seek to prevent harmful practices and protect consumers.
Looking to the Balkans, experts are emphasizing the importance of an omnichannel approach to gambling growth in markets like Serbia and Croatia. Retail betting remains a dominant force in these regions, presenting both challenges and opportunities for online operators seeking to expand their presence. Understanding the unique dynamics of each market will be crucial for success in the Balkans gambling sector.
In the UK, major sports bodies are rolling out new codes of conduct for gambling sponsorships to promote responsible advertising practices. These codes aim to protect vulnerable viewers, particularly minors, from the potential harms of excessive gambling promotion. By adopting socially responsible guidelines, sports organizations can play a key role in shaping a safer gambling environment for all participants.
Finally, the European Gaming and Betting Association is calling on Iceland to reconsider its monopoly-based gambling system in favor of a more open licensing regime. By following the example of neighboring countries like Denmark and Sweden, Iceland could create a more competitive and transparent gambling market that benefits both operators and consumers. With concerns about unregulated foreign gambling sites on the rise, a policy shift towards open licensing could help address these issues and promote a safer, more sustainable gambling environment in Iceland.
