Daily Archives: June 8, 2020

The hilarious story of how Phil Mickelson rigged a hand of poker against his brother – Golf Digest

Posted: June 8, 2020 at 10:44 pm

Funny stories. Theyre as much a part of golf as birdies and bogeys. Through the years, Golf Digest has been lucky enough to share time with some of the legendary storytellers and characters in the game. Senior Writer Guy Yocom deserves special recognition for his My Shot series of interviews, prominent here with excerpts from other amazing features and columns through the decades.

Something youll notice: One of the most appealing qualities of good jokesters is the ability to laugh at themselves as well as with others. And the best part? Our team of writers and photographers keep adding to the comedic moments, month by month. Heres one such example below, but we have excerpted dozens of our favorite stories in the digital edition of Issue 6 of our magazine, which is available now for free. Click here for more.

Tim Mickelson: A bad bet with brother Phil, January 2016

Phil is seven years older than me, so when we played football indoors, hed level the playing fielda little. He had to play on his knees, and I got to run. He had to tackle me, and I just had to two-hand touch him. Hed hike the ball to himself, and just when Id go to touch him, hed toss the ball in the air and claim the touch didnt count because the ball was airborne. He did a lot of stuff like that. He always won.

One afternoon it was so hot outside we stayed in the houseboat. Phil had taught me how to play pokerfor moneyand all I had was a small bucket full of pennies. I left to use the bathroom, and when I came back, Phil dealt me a straight flush, king-high. I ran to my room, got the bucket and dumped the whole thing into the pot. Phil calls the bet and reveals hes got a royal flush. Imagine that. He took every penny.

Much later, he admitted hed stacked the deck when I left the room. He bought me a lot of dinners to make up for it. But he never did give me my pennies back.

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The hilarious story of how Phil Mickelson rigged a hand of poker against his brother - Golf Digest

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Federal Regulation of CBD Oil – Newswire

Posted: at 10:43 pm

CBD has been known to have many health benefits, but what are the federal regulations regarding this supplement?

(Newswire.net-- June 7, 2020) -- CBD has the whole world talking, and the popularity of this product has risen by over 260%. This is because it is widely believed that CBD supplements, such as CBD oil, can help with a vast amount of health issues, such as anxiety, stress, insomnia and even seizures in some cases.

However, as CBD is derived from the marijuana plant, many people question the legality of various CBD products. Although CBD does not contain the chemical compound THC (this is the chemical in marijuana that gets you high), it is still part of a (mostly) illegal plant. Heres everything you need to know about the federal regulation of CBD and CBD oil.

Is CBD legal?

CBD seems to be everywhere nowadays- drug stores, gas stations, even pets stores are selling it. However, the selling and distribution of CBD has rather murky legislation and regulation.

The regulation is tricky to understand, so here is a breakdown of the legality of CBD products according to federal regulation:

Firstly, the federal government recognizes two forms of the cannabis plant: hemp and marijuana. Hemp is much less processed than the marijuana plant, and contains very little THC and high levels of CBD. Marijuana, however, contains up to 30% THC, and only has trace amounts of CBD. As a result, the federal government has legalized CBD which has been derived from the hemp plant, and contains no more than 0.3% THC. CBD that comes from the marijuana plant is illegal, as this plant is considered to be a schedule 1 drug. However, any farmers that want to grow hemp must follow various regulations set by the federal government, meaning that CBD produced by an unlicensed farmer is illegal.

However, as CBD is an approved prescription drug, this means that it cannot be sold as a supplement with therapeutic properties without first going through the FDAs drug approval process.

But what about oil, pills or edibles, are they legal? Because many CBD products have not been proven to be effective, their legality remains a grey area.

To make it even more complicated, many states have updated their own laws regarding CBD, and these are not always in line with federal regulations.

Here are some examples:

If you are wondering whether or not the state you live in has legalized CBD, it is always best to research before you consider buying any.

Conclusion

The federal regulations of CBD products and CBD oil are murky and difficult to understand. If you are considering purchasing any form of CBD, make sure you first understand the rules and regulations regarding this supplement in your own state, and only buy CBD products from a trusted provider.

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Federal Regulation of CBD Oil - Newswire

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How to get to sleep: Take this natural supplement to improve sleep quality and duration – Express

Posted: at 10:43 pm

One solution that has been met with an explosion of interest in recent years is to take cannabidiol (CBD) oil.

CBD oil is produced from the Cannabis sativa, the hemp plant which marijuana is also extracted from.

It is important to understand that CBD oil does not contain the psychoactive compounds that are found in marijuana, but it contains a lot of the health benefits.

One of the primary benefits of taking CBD oil is to alleviate anxiety, and it is this benefit that is thought to underpin its sleep-inducing effects.

READ MORE:Bad sleep linked with risk of heart disease, study warns

After a one month period, 79 percent of patients had reduced anxiety, and 67 percent had improved sleep scores.

What makes CBD oil a potential game-changer is its ability to alleviate anxiety and sleep loss without the side effects common in prescribed drugs that disrupt the sleep-cycle, said Dr Lee.

"For example, serotonin reuptake inhibitors (SSRI's) lead to lower levels of restorative sleep, increased periods of wakefulness and reduced REM sleep," she explained.

REM is a stage of sleep whereby the brain's activity is similar to that of being awake.

Benzodiazepines also disturb sleep, noted Dr LEE.

"They increase non-REM stage two sleep and reduce the percentage of slow-wave sleep (deep sleep," she said.

However, this does not seem to be the case for CBD.

In a recent study published in the journal Frontiers in Pharmacology, the authors studied polysomnography readings (a test used to diagnose sleep disorders) and concluded there was no change in the sleep cycle in two groups of healthy volunteers, who took either CBD 300 mg or a placebo.

According to Dr Lee, CBD can be given as a capsule, gummies, mouth spray, mouth drops, or as a tincture.

The tincture is alcohol-based, is sold in different flavours, and can be added to food.

To treat insomnia, CBD is usually given by mouth as a capsule, notes Dr Lee.

"In clinical studies for insomnia, doses between 25 mg and 1500 mg have been used," she reports.

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CBD Oil Market 2019 Break Down by Top Companies, Countries, Applications, Challenges, Trends, Opportunities and Forecast 2026 – Cole of Duty

Posted: at 10:43 pm

A new market report by Verified Market Research on the CBD Oil Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in the report have been acquired by using proven research assumptions and methodologies. Hence, this research study serves as an important depository of the information for every market landscape. The report is segmented on the basis of types, end-users, applications, and regional markets.

The research study includes the latest updates about the COVID-19 impact on the CBD Oil sector. The outbreak has broadly influenced the global economic landscape. The report contains a complete breakdown of the current situation in the ever-evolving business sector and estimates the aftereffects of the outbreak on the overall economy.

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Leading CBD Oil manufacturers/companies operating at both regional and global levels:

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The market is predicted to witness significant growth over the forecast period, owing to the growing consumer awareness about the benefits of CBD Oil. The increase in disposable income across the key geographies has also impacted the market positively. Moreover, factors like urbanization, high population growth, and a growing middle-class population with higher disposable income are also forecasted to drive market growth.

According to the research report, one of the key challenges that might hinder the market growth is the presence of counter fit products. The market is witnessing the entry of a surging number of alternative products that use inferior ingredients.

Key factors influencing market growth:

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CBD Oil Market 2019 Break Down by Top Companies, Countries, Applications, Challenges, Trends, Opportunities and Forecast 2026 - Cole of Duty

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Why CBD is growing in popularity in the past few years – Business MattersBusiness Matters

Posted: at 10:43 pm

This compound, which is found in the cannabis plant, has infiltrated society as an effective natural treatment for a wide range of medical conditions. Most people now know about CBD and the health benefits it offers.

With this widespread awareness, predictions show that the CBD global market could hit the $20 billion mark by the year 2024. But why has CBD popularity increased this much? Below, we explore the key factors that have contributed to the growing popularity of CBD in recent years:

Part of the reason why CBD is everywhere is because it is being adopted by other industries. Increasingly, the compound is being used to develop different productsyou can find this here Cheefbotanicals.com. Aside from the medical industry, CBD has found its way into other industries such as vaping, cosmetics, food and drinks, as well as pets.

Companies in these industries are increasingly seeking to leverage the benefits that this compound provides by integrating it in their products. In the cosmetics industry, several companies have already launched a range of products that contain CBD oil. These companies are marketing those products in line with CBDs proven skin health benefits.

In the food and drinks space, coffee shops are adding CBD oil to hot drinks and protein shakes. Breweries have also started selling beers that have been infused with CBD oil. This wide adoption of CBD oil has encouraged more people to take CBD oil, which led to increased interest in the compound.

In the pet industry, the use of CBD oil to treat common health ailments in dogs and cats is widespread. Administration of CBD oil in pets has become so popular, with more people now starting to give their dogs edibles that are laced with CBD oil.

The legal framework for CBD has changed significantly since 2018 with different countries now legalizing CBD products such as CBD oil. In the US, for example, the Farm Bill signed towards the end of 2018 decriminalized CBD oil at the federal level.

In addition to this, the US Food and Drug Administration made a groundbreaking decision when it approved Epidiolex, a CBD-based drug. The FDA approved this drug for the treatment of Dravet syndrome, a life-threatening type of epilepsy that develops in childhood. This decision thus strengthened the notion that CBD-based drugs are effective and credible, which contributed to the growing popularity of CBD.

For a long time, the potency of CBD was based on anecdotal evidence generated from a sample of studies. The availability of in-depth research into CBD oil largely involved animal-based research conducted in lab environments. This caused many people to view CBD oil as a product that had little effect on humans.

However, this has changed significantly in recent years. There is a growing body of research disapproving previous theories on CBD and proving its efficacy in addressing a wide range of health issues. For instance, data available in the National Institute of Health shows that CBD oil is effective in treating anxiety and insomnia in kids who suffer from post-traumatic stress disorder.

Studies have also shown that CBD has antidepressant effects due to its ability to act on brain serotonin receptors that regulate social behavior and moods. This scientific evidence on CBDs efficacy in treating different health conditions in human beings have fueled its popularity in recent years.

Traditionally, influencers tend to shy away from controversial products. This is why CBD products were not previously being advertised on social media platforms. However, this is quickly changing. In 2019, there was a host of influencers who were willing to work with companies that develop CBD oil products to popularize these in the market. This move has played a major role in pushing the popularity of CBD to new levels.

Products that help people resolve their problems tend to gain popularity fast. This is what is happening with CBD. Just a few years ago, CBD products were not known to many people. However, as evidence of their efficacy in treating medical issues such as epilepsy, pain relief, and mental conditions, the demand for CBD products has grown exponentially.

This evidence is increasingly convincing governments to legalize the use of CBD in their jurisdictions, as well as gain the approval of relevant regulatory agencies. These factors contribute to the popularity of CBD across the world. As more industries begin to develop CBD products, it will be interesting to see how much the CBD market grows in the coming years.

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Why CBD is growing in popularity in the past few years - Business MattersBusiness Matters

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Defining the Differences: CBD Topicals – San Antonio Current

Posted: at 10:43 pm

This article was originally published on Blue Ribbon Hemp. To view the original article, click here.

There are a lot of CBD products on the market these days, and topical options are one of the fastest growing fields. From salves to balms to ointments to lotions, the varieties of CBD topical options are wide ranging. The use of topicals has become popular among seniors for a variety of reasons centered around aging skin and body. Topicals are used to alleviate pain, irritation and soreness by applying directly on the skin and allowing the topical to absorb. But what are the differences between them all and which is the best treatment for what?

Here is a simple breakdown of what topical labels actually mean. You might be surprised to see that the differences are minimal and mostly circulate the base used for the topical. One thing to pay attention to when buying CBD topicals is the milligram amount of CBD or other cannabinoids present, this is the active portion of the topical and will provide the effects you are looking for depending on potency. Always trust CBD companies that have third-party lab test results to ensure the quality of the CBD product you are purchasing.

CBD Balm

Balms are a common topical in the health world, typically used for sore muscles. Balms are usually the hardest of CBD topicals because they have a high ratio of beeswax or other base. Balms are perfect for massaging into the skin, great for soreness relief. CBD balms can be a great option for athletes as part of their recovery process.

CBD Lotion

The main difference between CBD lotions and all other topicals is the ratio of water to base. With CBD lotion, also known as CBD cream, there is a bit of water and moisturizing agents in the base, while balms and salves primarily use fatty oils and wax without water. CBD lotions and creams absorb into the skin rapidly and can deliver quick results.

CBD Salve

CBD salves are very similar to CBD balms, with the man difference being a slight texture change. Salves are a bit softer than balms, making them easier to rub into the skin. Because salves have a more pliable texture than a balm, they absorb faster into the skin to deliver effects. Similarly, CBD salves are different from ointments or lotions mostly due to texture.

CBD Ointment

An ointment can have many uses, whether it's medicinal or cosmetic. CBD ointments are usually the smoothest, most oily of CBD topicals. Because ointments are more oil based, they can have high concentrations of CBD. Typically the oil to water ratio is 80/20, so ointments make a good choice for pain relief and especially for moisture.

Related: Are you looking for a high quality CBD oil with strong and reliable potency? Click here for more.

CBD skin care products are said to help with inflammation, chronic pain, acne, psoriasis and many other ailmentsand skin issues. Especially among seniors with aged or thinned skin, a CBD topical can be a great asset to a skincare routine. Most topicals are THC free, but be sure to always double check the label for the product you are purchasing. CBD topicals can generally be applied to the skin liberally and wont cause any psychoactive effects. For general health many people opt for an oral method of consumption, but if you are new to the world of CBD and looking to treat a skin condition or want topical pain relief, a balm, salve, lotion or ointment is a great place to start.

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Geyser Brands Inc. Announces Closing of Agreement with Hanma Investment Group – Yahoo Finance

Posted: at 10:43 pm

VANCOUVER, BC , June 08, 2020 /CNW/ - Geyser Brands Inc. (GYSR.V)(GYSRF) ("Geyser Brands" or the "Company")is pleased to announce that it has completed the strategic partnership and investmentagreement ("Agreement") with the largest hemp company in China , Hanma Investment Group ("HMI").

Geyser Brands Inc. (CNW Group/Geyser Brands Inc.)

HMI is China's largest comprehensive hemp conglomerate and an industry leader and innovator in China and globally.It is one of the largest producers of hemp-extracted CBD in the world, has industry leading patented technology,and has established a strong presence in numerous downstream areas of cannabis industry.

HMI has become a strategic shareholder of the Geyser subsidiary, Geyser Management Inc. ("GMI"), by acquiring from the Company 35% of the outstanding shares.

This partnership builds on the relationship and mutual promotion of the businesses in the Greater Chinaand Canada , which includes extending distribution channels for Apawthecary Pets products in Greater China .

Under the terms of the agreement, HMI appoints Geyser as the exclusive agent of HMI for the sourcing, procurement or export, directly or indirectly, in or from Canada of all varieties of cannabis, all varieties of hemp and any extracts including cannabinoids. As further consideration for the shares, HMI has provided Geyser with a $2,000,000 Canadian dollar credit note, where the parties will agree on the delivery of a range of products necessary for the business, including manufacturing machinery, extraction technology, packaging materials and where legal, cannabidiol needed for end products, including CBD Isolate, Full Spectrum CBD oil, water soluble CBD, and specific Cannabinoids. HMI will also have the right to appoint up to two members of the GMI board.

About HMI

Hanma Investment Group Co., Ltd. (HMI Group) is committed to promoting the industrial revolution of biomass to replace minerals and becoming the world leader in hemp comprehensive application industry. HMI Group is a leading company of Asian cannabis industry and enjoys great reputation. For years, HMI Group has made positive contribution to the vigorous development of industrial use and medical use of hemp in China and made great achievements in setting industry standards and norms. At present, HMI Group is the only legal investment company in China focusing on the whole industrial chain of industrial hemp and the direction of biopharmaceutical.

As the industry leader, HMI Group focuses on the whole industrial chain investment of industrial hemp, from breeding, planting, extraction, R&D to production and sales worldwide, covering areas of biopharmaceutical, food, health food, beauty and cosmetics, medical devices, textiles, new materials, etc. In the meantime, HMI Group keeps deepening the industry analysis and industry layout, actively developing technical and product iterations, doing research and implementing the "patent pool" strategy, strengthening the creation and application of intellectual property rights, establishing media information platform to expand the social influence of enterprise, building a global product sales network, steadily entering the global market.

About Geyser Brands

Geyser Brands Inc. develops consumer product brands in the health and wellness sector that use hemp and CBD as a value-added ingredient. These involve next-generation formulas that focus on the mix of cannabinoids for specific conditions such as insomnia, anxiety and pain. Proprietary delivery technologies include all natural nano-technology, slow-release mechanisms and non-molecule degrading baking processes. In anticipation of coming edibles legislation, and with its Health Canada approved Licensed Production Facility, Geyser Brands has 15,000 square feet in two GMP facilities in Vancouver, BC .

Story continues

For more information, visit Geyser Brands' website at http://www.geyserbrands.com.

On Behalf of the Board of Directors

" Andreas Thatcher "

____________________________________

Andreas Thatcher Director and CEOinfo@geyserbrands.com

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forwardlooking statements or information. Forwardlooking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forwardlooking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forwardlooking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information relating to Geyser is available atwww.sedar.com.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Geyser Brands Inc.

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Using CBD to Address Insomnia: Is it Effective? – Plants Before Pills

Posted: at 10:43 pm

Every season brings new beginnings. As autumn sets in, mushrooms start to pop up from the ground in many parts of the world. Mushrooms are not just a source of nutrients, but also a source of medicine.

Hallucinogenic mushrooms are indigenous to Europe and have been used for centuries as medicines. Some cultures even have a spiritual relationship with magic mushrooms, and they consider these fungi sacred.

Hallucinogens gained widespread use in the 1960s and 70s before they were banned. With the ban, research into psychedelics also declined.. Recently, interest in psychedelics has risen and new findings show their medicinal benefits could provide a gateway to a better life.

Based on the new findings, legal restrictions on the use of psychedelics are loosening. You can now find dried mushrooms being sold at your local gas station.

Source: unspalsh.com

Some people just take the mushrooms for their euphoric effect while some go for the more therapeutic benefits. Whatever the reason, magic mushrooms are the gateway to a better life, and here is why:

Magic mushrooms contain a psychedelic chemical called psilocybin. When psilocybin interacts with the brain, it rewires brain communication pathways. The result changes the way in which the brain operates.

When you take a magic mushroom, the brain chemical reaction works in a way that dissolves your ego. Scientists now say that this temporal ego loss can be beneficial to the mind and can even be life-changing for some people.

Source: Unsplash.com

When experiencing the high of the psychedelic effect, the individual feels more alive and connected with the surroundings. These experiences help one see life in a different way.

Magic mushrooms open up the mind and the individual can think about life, circumstances, and the universe in general, in a different way. This way, the person comes to the realization that there is something greater in life than the individual.

Source: unsplash.com

Another amazing connection with magic mushrooms is their ability to inspire a new sense of meaning and purpose in life. By dissolving the ego, psilocybin relieves the brain of past perceptions and a new sense of self develops.

When you take a magic mushroom trip, the experience brings forth transpersonal insights and a sense of belonging. The feelings of isolation fade and a sense of connection develops.

In the psychedelic state, the individual realizes that there is more to life than they might have thought. For some individuals, this transformation can be life-long.

The main reason psychedelics exploded in the 60s and 70s was their ability to suppress depression. Many people were facing the economic effects of the cold war and psychedelics provided a gateway from all that stressful life.

Psilocybin mushrooms have been a source of spiritual and psychological healing for many years. The psychoactive properties of the mushrooms react with the brain in a way that can inspire hope.

Modern studies on neuroscience have confirmed that psilocybin acts on serotonin receptors in the brain. A neurotransmitter that causes wellbeing and happiness, Serotonin is commonly known as the happy chemical.

By its action with these receptors, psilocybin produces a variety of consciousness-altering effects. Happiness is one of the main outcomes that are similar to the effect of serotonin.

The psychoactive effects of psilocybin can be beneficial in treating treatment-resistant depression. The therapeutics effects also show positive effects in the treatment of anxiety, and Post-Traumatic Stress Disorder (PTSD).

Many people struggle with addiction and they keep relapsing even after trying some of the best treatments available. What if there was one single drug that could cure addiction without adverse side effects?

The answer could be in magic mushrooms. Psilocybin-assisted psychotherapy is gaining prominence as a treatment for smoking cessation as well as other addictions.

Psychedelics have the ability to access inner realms of consciousness that other treatments cannot reach. When used judiciously, the psychoactive properties of magic mushrooms and magic truffles can help individuals recovering from addiction manage the withdrawal symptoms, and stop the craving.

The fact that magic mushrooms can help individuals find purpose in life is also another reason they can offer better treatment for addiction.

Drugs are part of the sources of addiction. Addiction normally arises from a lack of sense of meaning in life. When an individual lacks meaning, value, and purpose, they turn to drugs to help them escape from the psychological pain of lack of meaning.

Psychedelics can help individuals find this meaning in life and escape from their addictive behaviors.

Recent research into magic mushrooms indicates that these plants could be the cure for many psychological conditions. Studies are still being conducted but the results are promising.

Like many other drugs, the use of magic mushrooms for recreational or therapeutic benefits requires a moderate application. However, the good thing about magic mushrooms is that they are not addictive.

Psychedelic mushrooms also have few adverse side effects. This gives them a big advantage over commercial drugs for the treatment of depression, withdrawal symptoms, or even for recreational use.

Disclaimer: This post is not intended to diagnose, treat, cure, or prevent any disease.

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Using CBD to Address Insomnia: Is it Effective? - Plants Before Pills

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COVID-19 Impact and Recovery Analysis – Gambling Market 2020-2024 | The High Penetration Of Smartphones to Boost Growth | Technavio – Business Wire

Posted: at 10:42 pm

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the gambling market and it is poised to grow by $231.63 bn during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the gambling market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 888 Holdings Plc, bet365 Group, Caesars Entertainment Corp., Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, and William Hill Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The high penetration of smartphones has been instrumental in driving the growth of the market. However, ban on gambling advertisements might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/gambling-market-size-industry-analysis

Gambling Market 2020-2024: Segmentation

Gambling Market is segmented as below:

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Gambling Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gambling market report covers the following areas:

This study identifies the use of AI in online gambling as one of the prime reasons driving the gambling market growth during the next few years.

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Gambling Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Platform

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

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COVID-19 Impact and Recovery Analysis - Gambling Market 2020-2024 | The High Penetration Of Smartphones to Boost Growth | Technavio - Business Wire

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Sweden’s gambling ops offer alternatives to online casino restrictions – CalvinAyre.com

Posted: at 10:42 pm

Swedens online gambling operators have some suggestions for how the government might better protect consumers, while the state-run Svenska Spel wants the government to better protect its lottery monopoly.

On Monday, Branschfreningen fr Onlinespel (BOS), Swedens online gambling industry group,offered the government its proposed measures for a safer gambling market, seeking to counter the governments plan to impose strict deposit and spending limits on online casino products as of the first week of July.

BOS recently commissioned a study by Copenhagen Economics to determine what effect the proposed limits will have on channeling Swedish gamblers away from internationally licensed gambling sites and toward locally licensed operators.

The report estimated that the online casino channeling rate will likely fall from its current estimate of 72-78% playing with local operators to a range of 52-63%. BOS CEO Gustaf Hoffstedt believes this will put the Swedish market back to the unsustainable situation that led the government to launch a regulated online market in January 2019.

BOS has put forth seven alternative steps the government could take to improve the channeling rate and thus allow the state to better monitor gambling activity and protect consumers. These include introducing a B2B licensing system to discourage gaming technology suppliers from doing business with international operators if said suppliers wish to continue doing business with Swedish B2C licensees.

Other suggestions include more funding for campaigns to raise awareness of existing responsible gambling tools, collaboration between government and licensees on analyzing (anonymized) customer data, and using that data to establish a risk classification system based on players rather than gambling products.

SVENSKA SPEL CALLS FOR LOTTERY BETTING CRACKDOWN

On Monday, Svenska Spel CEO Patrik Hofbauer published a statement asking the government to crack the whip against so-called shadow operators offering betting markets on lottery draws, which under Swedish law are supposed to be reserved for the state-run Svenska Spel and non-profit groups.

Hofbauer cited an H2 Gambling Capital report that lottery betting sites currently control nearly 40% of Europes online lottery market and that these operators revenues were growing between 10-20% per year, depriving both the state and the recipients of charitable foundations of badly needed funding.

Hofbauer noted that many of these sites hold Swedish betting licenses, which he claimed they use to utilize openings in Swedish gambling laws and corrupt the intentions of the legislators who crafted those laws.

Hofbauer added that Denmarks gambling regulators forbade their online licensees from offering lottery betting products and he urged Swedens Spelinspektionen regulatory agency to introduce the same right and reasonable rules.

One year ago, Spelinspektionen fined lottery betting operator Lottoland $74k for offering products not covered under its Swedish license, including lottery betting and online scratch cards.

Svenska Spels own regulatory compliance is being probed by Swedens consumer ombudsman, which recently ordered the company to disclose its relationship with a local TV channel, on which Svenska Spels lottery products were being promoted without being labeled as a paid-for promotion and without the required responsible gambling messaging. Svenska Spel is appealing the ruling.

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Sweden's gambling ops offer alternatives to online casino restrictions - CalvinAyre.com

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