Newgioco CEO: Blanketing US with licensed operators best way to combat black market

Newgioco CEO Michele Ciavarella has said the best way to combat illegal gambling in the US is for regulators to blanket the country with licensed operators, rather than monopolising the market.

mikeyciavarella

Speaking exclusively with Gambling Insider about the District of Columbia's sports betting deal with Intralot, Ciavarella explained how monopolising state lottery distribution and sports venues with one favoured operator is counterproductive to combating illegal gambling.

He said: "The situation with Intralot in DC is quite absurd in my opinion. A free and open market is best for the consumer.

"The Wire Act and the Unlawful Internet Gaming Enforcement Act were made to stop unlawful operators, not to block or stop a legal industry like sports betting from existing."

Ciavarella went on to explain how this could lead to wagers with offshore bookmakers and street-side bookies.

"It’s like allowing licensed retailers to sell white sneakers only," he explained. "All the knock-off retailers will have a field day on the street corners.

"To combat illegal gambling, regulators and banks need to blanket the US with licensed operators; not make it impossible for them to do business."

The full interview will appear in Gambling Insider’s January/February magazine. Click here to read the article when published.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...