Gaming technology testing service and consultancy Gaming Laboratories International LLC, known as GLI, wants the industry’s feedback on a newly published draft technical standard for event-wagering operations. The deadline for feedback on the new document, “GLI-33: Event Wagering Systems”, is June 8.
GLI said in a press release on Tuesday the GLI-33 standard was a response to demand by U.S. state regulators, sports betting operators, sovereign tribal nations, lotteries and gaming industry suppliers, who want a “clear and cohesive technical standard” for sports- or event-wagering systems.
GLI added the new standard gives “independent technical analysis and/or certifications” to the wagering industry. The draft standard was the product of a year’s work with stakeholders around the world, the testing lab stated.
Momentum is growing for legalised sports betting in the United States. The clearest sign yet was last month’s Supreme Court decision to void a federal law that, in effect, barred commercial sports betting in most of the country. The court sided with the authorities in New Jersey to uphold a state law permitting sports betting in casinos and at horse-racing tracks. The American Gaming Association has previously suggested that about US$150 billion is illegally wagered each year in the United States.
Announcing the release of the new standard, GLI chief executive James Maida said: “We used our nearly 30 years of global sports-wagering experience to develop GLI-33, the world’s first event-wagering standard that can be effectively deployed by jurisdictions across the U.S. to ensure the integrity of the country’s dramatically expanding sports betting opportunities.”
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Amount that each Macau casino operator paid for the circa six-month extension of their respective contract