Affiliates Archives - Keno Wizard https://kenowizard.com/tag/affiliates/ The Ultimate Keno Destination for Odds, Tips & Tricks Wed, 08 Nov 2023 20:00:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/kenowizard.com/wp-content/uploads/2023/02/cropped-keno-wizard-icon.png?fit=32%2C32&ssl=1 Affiliates Archives - Keno Wizard https://kenowizard.com/tag/affiliates/ 32 32 230792155 Six US Affiliates Join Forces to Form the Responsible Gambling Affiliate Association https://kenowizard.com/2023/11/08/six-us-affiliates-join-forces-to-form-the-responsible-gambling-affiliate-association/ https://kenowizard.com/2023/11/08/six-us-affiliates-join-forces-to-form-the-responsible-gambling-affiliate-association/#respond Wed, 08 Nov 2023 20:00:25 +0000 https://kenowizard.com/2023/11/08/six-us-affiliates-join-forces-to-form-the-responsible-gambling-affiliate-association/ Six like-minded US affiliates have joined forces to form the Responsible Gambling Affiliate Association (RGAA). The newly created body’s job will seek to help affiliate companies serve the online gambling market in a responsible way. The RGAA is comprised of six major affiliates, including Better Collective, Catena Media, Gambling.com, Oddschecker Global Media, Spotlight Sports Group [...]

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Six like-minded US affiliates have joined forces to form the Responsible Gambling Affiliate Association (RGAA). The newly created body’s job will seek to help affiliate companies serve the online gambling market in a responsible way.

The RGAA is comprised of six major affiliates, including Better Collective, Catena Media, Gambling.com, Oddschecker Global Media, Spotlight Sports Group and XLMedia. The six companies believe that affiliates have a responsibility to promote safer gambling and balance between effective marketing and customer protection.

The RGAA acknowledges the current regulations but believes that improvements can be made. It has organized its goals into five strategic pillars, including the promotion of competitive gambling markets, industry education, consumer protection, advertising codes of conduct and responsible business practices.

The RGAA is currently searching for a permanent president who will represent the organization as it seeks to shape the future of affiliate marketing. The organization promised to release a notification as soon as it makes an appointment.

Executives Are Excited about the RGAA

Representatives of the six affiliate companies comprising the RGAA released statements on the matter.

Mark Frank Pedersen, Better Collective’s chief executive officer of NA said that his team is doing everything possible to empower the industry and promote gambling as entertainment. He praised the opportunity to join forces with other affiliates and promote better standards and guidelines.

Not only is this the right thing to do for our customers, it’s the best thing to ensure the success and longevity of the industry and our businesses.

Mark Frank Pedersen, CEO, Better Collective

Michael Daly, Catena Media’s chief executive officer, also commented on the matter, highlighting the ever-changing nature of the US market. He said that Catena Media is proud to be one of RGAA’s founding members and promote responsible and positive wagering experiences alongside other affiliates that share the same values.

Charles Gillespie, Gambling.com’s CEO, on the other hand, noted that all shareholders in the US iGaming market must understand the critical role of affiliates in helping operators grow. He added that his team is proud to be part of the RGAA and set higher standards.

Meanwhile, Oddschecker’s CEO, Stuart Simms, said that consumers are at the heart of everything his team does. Because of that, he is glad to join forces with the other founding members of the RGAA and promote social responsibility. He said that his ambition is that the RGAA will “support fair play for all.”

Mark Renshaw, Spotlight Sports Group’s CEO, also expressed his thoughts, noting that his team has always been at the forefront of responsible gambling.

We are extremely proud to be a founding member of the Responsible Gambling Affiliate Association, which I believe will play a key role in ensuring the highest standards are set among the affiliate industry.

Mark Renshaw, CEO, Spotlight Sports Group

Last but not least, David King, XLMedia’s CEO, commented on the matter. He noted that affiliates play a critical role in providing consumers with choice while supporting regulated operators.

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Massachusetts Regulator To Overrule the Ban on Sportsbook Affiliates https://kenowizard.com/2023/02/25/massachusetts-regulator-to-overrule-the-ban-on-sportsbook-affiliates/ https://kenowizard.com/2023/02/25/massachusetts-regulator-to-overrule-the-ban-on-sportsbook-affiliates/#respond Sat, 25 Feb 2023 06:54:39 +0000 https://kenowizard.com/2023/02/25/massachusetts-regulator-to-overrule-the-ban-on-sportsbook-affiliates/ Listen The Bay State’s current gambling laws prohibit revenue share and cost per acquisition (CPA) agreements, effectively curtailing all affiliate programs. However, the Commission appears to recognize the value of such arrangements and has agreed to hold talks with operators before putting the matter to vote. Sportsbooks like Caesars are known for their extensive affiliate [...]

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The Bay State’s current gambling laws prohibit revenue share and cost per acquisition (CPA) agreements, effectively curtailing all affiliate programs. However, the Commission appears to recognize the value of such arrangements and has agreed to hold talks with operators before putting the matter to vote. Sportsbooks like Caesars are known for their extensive affiliate programs, so an amendment to existing regulations would be a substantial boon.

The MGC Will Hold Talks with Affected Companies

Massachusetts’ sports betting regulations currently prohibit all sports wagering operators from entering into agreements with third parties when compensation depends on the volume of clients, wagers, or the outcome of specific bets. These restrictions severely hinder all traditional affiliate schemes, restricting advertising, marketing, and branding opportunities.

The MGC recently announced an upcoming revision to that regulation, allowing cost-per-acquisition (CPA) and revenue share agreements. The regulator did not share what prompted their sudden change of heart. Many high-profile operators preparing for the 10 March online sports betting launch run extensive affiliate programs, which may have influenced the Commission’s decision.

Despite its initial confirmation, the Massachusetts regulator remains cautious. The MGC announced it would gather representatives of affected companies on 26 February to discuss the matter in-depth, collect necessary data, and gauge the overall sentiment towards current measures. On 23 March, the Commission will hold its final vote regarding the proposed changes and announce its decision shortly afterward.

Allowing Affiliate Agreements Will Significantly Bolster Operators

As 10 March draws near, the Massachusetts Gaming Commission is funneling most of its resources into ensuring a smooth and hassle-free online sports betting launch. However, the ongoing efforts do not appear to have impeded its primary function, as it recently tackled its first operator violations. The current drive to allow affiliates proves that the regulator can successfully handle many different tasks, which boards well for the future.

A lift on affiliate bans would significantly benefit many leading operators eyeing the upcoming online launch. Caesars, which relies heavily on such programs, would be one of the greatest beneficiaries of the proposed amendments. The operator has already launched its sportsbook app, offering wagering fans a preview of what they can expect.

Online betting in the Bay State will commence at 10 a.m. ET on 10 March and will be available via seven licensed sportsbooks, with two more launching in May. The delayed launch has allowed the MGC to test its procedures, review its first few violations and establish a constructive dialogue with operators, which is crucial for a well-functioning sports betting market.

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