MGM Resorts and BetMGM are set to participate in the American Gaming Association’s (AGA) inaugural Responsible Gaming Education Month (RGEM) in September. During this month-long initiative, the focus will be on consumer education, community collaboration, and enhanced employee training, all aimed at promoting responsible gaming practices. Additionally, the AGA has reported a remarkable surge in nationwide commercial gaming revenue, reaching an all-time high in the second quarter of 2022. Let’s delve into the key aspects of these developments:
MGM Resorts and BetMGM Support Responsible Gaming:
MGM Resorts is committed to prioritizing player health and safety during Responsible Gaming Education Month. By providing consumer education and fostering community collaboration, MGM aims to raise awareness about responsible gaming practices within the communities it operates. Garrett Farnes, the director of responsible gaming at MGM Resorts, emphasized the importance of equipping employees with the necessary skills to ensure that guests are well-informed and in control of their gaming experience. Through their social media channels, MGM and BetMGM will share valuable information on responsible gaming, further promoting responsible behavior within the industry.
PGA Tour’s Responsible Sports Betting Campaign:
The PGA Tour has also joined the American Gaming Association’s responsible gambling initiative with its digital campaign, “Have a Game Plan, Bet Responsibly.” Designed to educate golf fans and raise awareness of responsible sports betting practices, the campaign was launched ahead of the Tour Championship in Atlanta and will continue throughout Responsible Gaming Education Month in September. By leveraging its platform, the PGA Tour seeks to promote responsible betting habits among its audience.
AGA’s Anti-Money Laundering Guidelines Update:
In a move to combat financial crimes, the American Gaming Association updated its Best Practices for Anti-Money Laundering (AML) Compliance resource. The third edition of this document reflects the gaming industry’s continued leadership in AML compliance and incorporates the latest laws, technologies, and indicators of criminal activity. By collaborating with top compliance professionals, the AGA aims to strengthen the gaming industry’s defenses against money laundering activities.
US Commercial Gaming Revenue Reaches New Heights:
The American Gaming Association’s Commercial Gaming Revenue Tracker revealed a significant milestone in the second quarter of 2022. Nationwide commercial gaming revenue reached a record-breaking $14.8 billion, surpassing the previous quarter’s revenue by 3.3%. This impressive growth trend continued in the first half of the year, with $29.16 billion generated, representing an 18% year-over-year increase. If this momentum continues, 2022 is on track to set a new annual record for commercial gaming revenue for the second consecutive year.
As MGM Resorts and BetMGM actively participate in Responsible Gaming Education Month, the gaming industry is taking significant steps to promote responsible gaming practices. With consumer education, community collaboration, and enhanced employee training at the forefront, players can enjoy gaming experiences that prioritize their well-being. Concurrently, the PGA Tour’s “Have a Game Plan, Bet Responsibly” campaign aims to educate sports enthusiasts about responsible betting practices. Additionally, the AGA’s updated anti-money laundering guidelines highlight the industry’s commitment to combating financial crimes.
The surge in US commercial gaming revenue demonstrates the industry’s resilience and adaptability, achieving record-breaking results despite challenging times. As the gaming sector continues to thrive, responsible gaming and customer welfare remain essential priorities for all stakeholders involved. Through continued efforts and collaboration, the gaming industry strives to maintain its growth trajectory while fostering a safer and more enjoyable gaming environment for all.