The gaming industry finds itself in turbulent waters as tax hikes loom for mobile sports betting and internet casino operations. At the recent SBC Summit Americas 2025 in Florida, esteemed lobbyist Bill Pascrell III was frank about the industry’s communication failures with regulators and lawmakers. His insights are a wake-up call for gaming operators to reassess their approach.
Key Points
- Operators are failing to resonate with lawmakers regarding tax hikes on revenue.
- Pascrell criticises the industry’s communication style, stating they need to tell their story better.
- The tax burden may lead to increased reliance on black-market operations, which need to be openly discussed.
- Collaboration with regulators is essential as they aren’t the adversaries, but rather potential allies.
- Early engagement with lawmakers is crucial to influence policy before it’s too late.
- Talking about tangible benefits, like job creation, could be more effective than discussing profit margins.
Why should I read this?
If you’re involved in the gaming industry or interested in how regulation works, this article is a must-read! Pascrell’s insights could directly impact how operators advocate for their interests. It’s all about adapting your argument to make a real connection with lawmakers. Dive in and see what strategies could keep your business from financial distress!