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As 2024 draws to a close, the Gibraltar Betting and Gaming Association (GBGA), led by Secretary General Nicholas Macias, reflects on the significant strides made by the association throughout the year. With a dynamic landscape marked by evolving regulations, new gambling laws, and the ongoing impact of Brexit, the GBGA remains focused on empowering its members for continued success in 2025 and beyond.

Reflecting on 2024: A Year of Adaptation and Challenges

In 2024, the gambling industry found itself navigating a series of regulatory changes and uncertainties. From new gambling legislation to shifting licensing frameworks, the sector experienced substantial transformation. Gibraltar, a key player in the remote gambling market, saw particular challenges as it contended with the impending introduction of a new Gambling Act and an updated licensing framework.

Nicholas Macias highlighted the importance of the GBGA’s involvement in shaping these changes. The association worked closely with policymakers to ensure that the concerns of its members were addressed. The introduction of the new Gambling Act, with its comprehensive changes to the licensing regime, stood out as a pivotal moment. Despite some uncertainties around specific elements of the draft Bill, the GBGA continues to advocate for clarity and alignment with the industry’s needs.

Brexit, however, loomed large over the year, as it introduced unforeseen complexities for operators in Gibraltar. Macias acknowledged the adaptability required to operate in the post-Brexit environment. For companies based in Gibraltar but reliant on markets such as Great Britain, navigating the changes in regulatory frameworks and ensuring smooth operational continuity was a key concern throughout the year.

Despite these challenges, 2024 was also a year of progress. The GBGA worked diligently to foster collaboration within the industry, promoting best practices and encouraging open dialogue between regulators and operators. As Macias put it, these efforts were aimed at striking a balance between compliance and innovation.

What’s Next for the GBGA: Key Priorities for 2025

Looking to 2025, the GBGA has already outlined its strategic priorities, aiming to position Gibraltar as a global leader in online gambling and gaming. The primary focus will be on ensuring that its members are well-equipped to handle both local and international challenges.

The association’s commitment to strengthening the Gibraltar-based gambling sector is unwavering. As Macias explained, Gibraltar is home to the world’s leading remote gambling operators, with companies based there accounting for over 50% of the UK market. Maintaining Gibraltar’s position as a regulatory hub for remote gambling remains a critical objective.

Brexit Remains a Key Concern

One of the central issues that will continue to drive the GBGA’s agenda in 2025 is the ongoing impact of Brexit. With the UK no longer part of the EU, Gibraltar’s relationship with the UK Government and its regulatory framework has become even more complex. Macias pointed out that a significant part of the GBGA’s work next year will be dedicated to ensuring that members are supported through these challenges, both in terms of regulatory adjustments and the broader political climate.

The association will continue to engage with both the Gibraltar and UK Governments, making sure that the concerns of members are heard and addressed. This close relationship will be essential in ensuring that Gibraltar remains a key jurisdiction for online gambling operators, despite the challenges posed by Brexit.

Fostering Innovation and Collaboration

In 2025, the GBGA will also focus on fostering internal collaboration among its members. Macias shared that the association is shifting from virtual meetings to more in-person events, leveraging Gibraltar’s small geographic area to create opportunities for employees across different organizations to meet and share ideas. This change will encourage a more collaborative approach, helping members tackle shared challenges and develop innovative solutions.

The GBGA is also strengthening its internal structure with the introduction of technical working groups, which focus on both established topics such as Anti-Money Laundering (AML) and safer gambling, as well as forward-thinking areas like Diversity, Equity, and Inclusion (DEI). These working groups will be expanded into formal sub-committees in the future, ensuring that the association remains at the forefront of both compliance and innovation in the industry.

A Focus on Sustainability and Social Responsibility

Another key priority for the GBGA in 2025 will be sustainability and social responsibility. Macias emphasized the importance of giving back to the community, and the association plans to launch initiatives aimed at strengthening the social and economic fabric of Gibraltar. As a key part of the local economy, the gambling industry is expected to play a positive role in supporting community-driven projects and charitable initiatives.

This focus on sustainability will also extend to player protection, as the GBGA aims to bolster its efforts in ensuring that safer gambling practices are at the forefront of industry operations. As new regulatory standards emerge, maintaining a balance between responsible gambling and innovation will be a priority for Gibraltar’s gambling sector.

Anticipating Change: The Regulatory Landscape in 2025

Looking ahead, the GBGA anticipates that the new Gambling Act will bring significant changes to Gibraltar’s regulatory framework, particularly concerning entities that were previously unlicensed. The new law will introduce different licensing categories, which will bring previously unregulated operators into the fold. This shift presents both challenges and opportunities for the GBGA, which will work to ensure that these companies are supported during the transition.

Brexit will continue to be a driving force in shaping Gibraltar’s regulatory landscape, as the GBGA will need to ensure that both the local and UK Governments are aligned in their approach to online gambling. The association’s efforts will focus on maintaining Gibraltar’s status as a leading jurisdiction for remote gambling, while adapting to the evolving needs of operators in a post-Brexit world.

In a year marked by crucial changes and growth in Peru’s online gaming industry, Gonzalo Pérez, CEO of Apuesta Total, reflects on the progress made in 2024, the future challenges ahead, and the delicate balance between regulation and player welfare. His vision emphasizes the importance of responsible gaming as the industry expands, as well as his concerns over the government’s decision to introduce a tax that could potentially hinder growth.

The State of Peru’s Gaming Sector in 2024

2024 has been a transformative year for Peru’s online gaming industry. Gonzalo Pérez, CEO of Apuesta Total, describes it as a period of “great advances,” particularly highlighting the consolidation of a structured and transparent regulatory framework. The clear rules set in place have brought much-needed clarity to the sector, enabling operators to work with greater transparency, while also ensuring a safer market for players.

“We’ve seen the framework solidify, which helps in shaping the future of the industry,” Pérez says. He believes that this newfound regulatory structure will serve as a foundation for attracting foreign investments, which, in turn, will strengthen Peru’s local economy. The progress in 2024, according to Pérez, is a clear indicator that Peru is on track to become one of the most attractive markets in Latin America.

Moreover, Pérez underscores that while the regulatory framework is beneficial, it also holds significant responsibility for the protection of the player. He stresses that as the sector grows, so must the efforts to ensure social welfare, thus ensuring that the expansion of online gaming is done in a manner that benefits everyone involved.

Key Industry Events of the Year

While there were numerous significant events throughout 2024, Pérez highlights the SBC Summit as one of the most memorable. He credits the event’s success to its relocation to Lisbon, which, according to him, created an ideal environment for meaningful discussions and networking. However, Pérez is quick to acknowledge that each industry event had its own merits and value.

Pérez also fondly recalls the collaboration of gaming companies with soccer events during the year. He praises the management of these events, particularly the ability to visit large stadiums such as the Allianz Parque in Brazil. These events not only provided a unique platform for discussions but also allowed operators to contribute to social actions, showing that the industry is increasingly becoming involved in social causes.

Looking ahead, Pérez’s excitement is palpable when discussing the upcoming post-ICE 2025 championship in Barcelona, which is expected to be one of the most significant events for the gaming industry in the region. The anticipation is growing, and the industry’s stakeholders are eager to see how these events will help shape the future of gaming.

The Challenges Facing the Industry in 2025

Despite the progress made, Pérez is deeply concerned about the new Selective Consumption Tax imposed by the Peruvian government. The tax is set to be levied on online gaming at a rate of 1% of the total bets placed. Pérez argues that this will drastically reduce the government’s collection expectations, a sentiment shared by many in the industry. The tax’s introduction, slated for January 1, 2025, has created significant uncertainty, particularly with the limited time available to implement changes.

“There is a real concern about the timing,” Pérez explains. “The deadlines are too tight, and we may not be able to make the necessary adjustments in time, which could complicate things for operators.” The rush to comply with new regulations, combined with the need to certify changes with laboratories and gain approval from regulators, adds a layer of complexity that could stifle the industry’s growth.

As the industry heads into 2025, Pérez warns that this tax, alongside other regulatory challenges, could pose a major obstacle. The tax could potentially reduce the overall competitiveness of the sector and impact the financial health of operators.

Expectations for Latin America’s Gaming Industry

Across Latin America, 2024 has been a year of regulatory progress. Various countries in the region have introduced or solidified gaming regulations, setting a standard that Pérez believes will benefit the industry in the long term. By regulating the sector, countries are helping to establish a clearer image of online gaming while dispelling common myths that still surround the industry.

“We are moving in the right direction,” says Pérez, who points to the growing momentum for regulation in multiple jurisdictions. This regional shift is crucial for shaping perceptions of the industry, which often faces stigma despite its significant economic potential.

Pérez believes that Latin America is primed for growth, with increased attention to regulation helping foster an environment where online gaming can flourish without compromising on player safety or social responsibility.

Looking Ahead: Growth, Innovation, and Responsibility

Pérez’s final message for the industry as 2024 draws to a close is optimistic yet cautious. He sees enormous growth potential in the sector, particularly with the integration of new technologies such as artificial intelligence and data analytics. These tools will not only improve the user experience but will also create a more efficient and sustainable gaming environment.

However, Pérez stresses that responsible gaming must remain a top priority as the sector expands. Player protection and social welfare are key components of this sustainable growth, and as the industry moves forward, the focus must be on fostering trust. “The success of the industry,” Pérez concludes, “depends not just on the numbers but on the trust we can build with players and our ability to balance growth with responsibility.”

SiGMA Group, an international exhibition organizer led by founder Eman Pulis, has been marking major strides in the global gaming industry. In an exclusive interview with Games Magazine Brazil, shared with Yogonet, Pulis discussed the company’s plans for 2024, its recent successes, and the rapidly evolving gaming landscape in Brazil. The year ahead promises a focus on emerging markets, and Brazil stands at the forefront of this shift, as its gaming industry prepares for significant regulation changes.

This year, SiGMA has expanded its footprint across the globe, launching new events in South Africa and Budapest, along with the debut of SiGMA South Asia and the SiGMA Poker Tour. These expansions highlight the company’s keen eye on emerging markets and its ability to adapt to regional trends. The rapid growth of these events has strengthened SiGMA’s reputation as a leading global player in the gaming and iGaming sectors. Looking forward, Brazil, with its recent regulatory developments, is seen as a key market for SiGMA’s upcoming events.

A Look Back at SiGMA’s Successes in 2023

SiGMA’s 2023 event calendar was filled with noteworthy moments. The company saw its flagship event, SiGMA Europe, in Malta reach new heights, becoming the largest edition in the event’s history. The gathering brought together thousands of attendees, exhibitors, and speakers, solidifying SiGMA’s role in shaping the future of European gaming.

Additionally, SiGMA’s expansion into new markets such as South Africa and South Asia has demonstrated its ability to tap into diverse regions, ensuring its events cater to an ever-growing global audience. Notable successes include a surge in attendance and engagement, particularly in emerging markets like South Africa, where local interest in gaming is rapidly rising.

Key to SiGMA’s growth this year has been its ability to adapt to market demands. By focusing on trends such as responsible gaming, regulatory challenges, and technology innovations, SiGMA’s events have offered platforms for key stakeholders to discuss critical issues shaping the future of the industry.

The Growing Influence of Brazil’s Betting Market

One of the most exciting developments in SiGMA’s 2024 plans is its focus on Brazil. As the country undergoes significant regulation changes, the Brazilian gaming market is poised to become one of the largest and most structured in the world. The government’s move to regulate sports betting and virtual gaming is reshaping the landscape, and SiGMA is positioning itself to play a crucial role in this transformation.

Pulis shared that Brazil is no longer just an emerging market but is fast becoming one of the world’s most important hubs for gaming and betting. As regulations tighten, Brazil’s betting market will be structured more transparently, and this will open doors for operators looking to tap into its vast potential.

The Brazilian government’s push for regulation, set to take full effect in 2025, requires operators to meet certain licensing and compliance standards to operate legally. This shift has piqued the interest of international operators and investors, many of whom are keen to enter early and establish a presence in what is expected to be a booming market.

The Road to SiGMA 2025: Expanding to Meet Demand

As Brazil’s gaming market evolves, so too will SiGMA’s presence in the region. The company is already gearing up for BiS SiGMA 2025, which will take place at the Transamerica Expo Centre in São Paulo from April 7th to 10th, 2025. The event has rapidly become one of SiGMA’s largest gatherings, drawing thousands of delegates, operators, affiliates, and industry experts from around the globe.

With 2024 marking another year of impressive growth, SiGMA is expecting a significant increase in the number of attendees, with forecasts of around 18,000 delegates—up from 14,000 the year prior. To accommodate this surge, the event will expand its footprint by over 11,000 square meters, adding two new exhibition halls. This move is expected to attract an even larger pool of exhibitors and attendees, further cementing BiS SiGMA Americas as one of the leading gaming events in the world.

Pulis emphasized that the event’s expansion is a direct response to the growing demand for spaces to showcase gaming innovations, discuss regulatory trends, and explore new investment opportunities. The increased focus on Brazil’s new regulatory environment will be a key theme at the event, with experts providing insights into how operators can successfully navigate the regulatory shifts and capitalize on Brazil’s gaming market potential.

SiGMA’s Vision for Brazil in 2025 and Beyond

Looking ahead, SiGMA’s future in Brazil is bright, with plans to enhance its events to reflect the country’s changing regulatory landscape. Pulis noted that the company’s events are designed to mirror the latest market developments, ensuring that attendees are always up-to-date on emerging trends. As Brazil moves toward full regulation in 2025, SiGMA will continue to work closely with regulators, industry leaders, and operators to ensure that its events reflect the latest legal and technological advancements in the market.

The company also plans to host more targeted sessions and workshops to address specific challenges faced by Brazilian operators, particularly regarding licensing, responsible gaming, and advertising regulations. Pulis highlighted that SiGMA’s role is to offer a platform where industry experts can come together to share insights, build networks, and help each other adapt to the changing business environment.