Refusing Compliance with Sweepstakes Casinos: Statement by Play'n Go
Rewritten Article:
Play'n Go Keeps Away from Sweepstakes Casinos: A Clear Stance
In the gaming world, Play'n Go's stand is loud and clear - they refuse to work with sweepstakes casinos. This firm decision, backed by their CEO, Johan Törnqvist, is an affirmation of their dedication to the regulated gaming industry.
With greater scrutiny on sweepstakes casinos operating outside legal boundaries, particularly in the U.S., Play'n Go is emphasizing the risks associated with these platforms to both players and stable market operations.
Magnus Olsson, the Chief Commercial Officer at Play'n Go, acknowledged the financial sacrifice resulting from this decision. "We've chosen to forego substantial revenue by taking this stance, much like our refusal to partake in bonus buy games. But the choice what kind of industry we want to be a part of is in everyone's hands in this business," he said.
Olsson emphasized the importance of responsible growth and regulation. "We strive for a fully regulated and sustainable industry that safeguards players, nurtures innovation, and promises an industry for the future," he added.
Törnqvist echoed the message, reinforcing Play'n Go's unwavering commitment. "Sweepstakes casinos don't function within a regulated framework, and that's something we wholeheartedly oppose. Our allegiance to regulated markets is unshakable. We will never supply our games to sweepstakes casinos."
The issue holds significance in the U.S., where some states are tightening enforcement on these unregulated platforms. Shawn Fluharty, Head of Government Affairs for Play'n Go, pointed out that sweepstakes casinos undermine the regulated market model. "Sweepstakes casinos threaten the regulated model that many of us in the industry have worked tirelessly to establish. This model prioritizes player protection and generates essential revenue for jurisdictions," he explained.
Fluharty also delivered a warning to companies still dealing with unregulated platforms. "Regulators across the U.S. are rightfully clamping down on unregulated operations. Anyone doing business with sweepstakes casinos today should be prepared for challenges in future regulated markets. Regulators have long memories."
Insights:
- Play'n GO has taken a definitive stance against supplying games to sweepstakes casinos.
- The move could have various implications for the regulated gaming industry, including market segmentation, industry perception, competition, and innovation.
- In the U.S., where sweepstakes casinos are often legal but face restrictions in some states, Play'n Go's decision doesn't directly impact their legality or availability. However, it may affect the types of games accessible on these platforms.
- Play'n Go, led by CEO Johan Törnqvist, has decided not to work with sweepstakes casinos, upholding their commitment to the regulated gaming industry.
- Magnus Olsson, the Chief Commercial Officer at Play'n Go, acknowledged the financial implications of this decision, stating that the company is willing to forego substantial revenue to maintain their position in the industry.
- Technology giant Play'n Go emphasizes the risks associated with sweepstakes casinos, particularly for players and stable market operations, and strives for a fully regulated and sustainable industry.
- Sweepstakes casinos, which operate outside legal boundaries in certain instances, threaten the regulated market model that many gaming companies, including Play'n Go, have worked to establish, and can face challenges in future regulated markets due to increased scrutiny.
