Visitors received insights on how to increase profitability through the 1xPartners affiliate program.
Press release.- 1xBet participated in SiGMA Europe 2024, one of the most important events in the industry that opened new business growth opportunities for 1xBet.
From November 11 to 14, at the Mediterranean Maritime Hub in Malta, the 1xBet team discussed the development prospects of gaming and the main areas of interest. Each guest at the exhibition received valuable business insights on increasing profitability through the 1xPartners affiliate program.
Guests at booth no. 2154 had the opportunity to chat with representatives from 1xBet, play digital football and reaction table games, as well as participate in raffles. Each participant could win an iPhone 16 Pro Max, an iPad Pro, AirPods Max, an Apple Watch Series 10, and a Yamaguchi Air Travel pillow. Among the partners, the prizes included exclusive design AirPods, branded FC Barcelona shirts (official partner of 1xBet), Nintendo gaming consoles, and branded Nike Air Force sneakers.
A special gift awaited football fans: they participated in the raffle of VIP tickets for matches of Paris Saint-Germain and FC Barcelona. The emotions of the lucky contest winners were captured in a special photo area.
The proposal seeks to bring the annual total to USD 500,000. It also urged the racetrack to pay its debt and proposed establishing severe fines in case this happens again.
Puerto Rico.- Representative José Aponte Hernández announced that he will present a project at the next legislative assembly to amend Law 74 of April 6, 2006, to increase the contribution made by the Camarero Racetrack to the Puerto Rico Compulsive Gamblers Assistance Program (PAJC). According to this project, the contribution would double from USD 250,000 to USD 500,000.
Aponte Hernández said that the sports betting industry generated USD 186m in 2023 and that this was added to the operator's profits, in this case, the Camarero Racetrack. He also noted that the “Puerto Rico Compulsive Gamblers Assistance Program Law” was created 18 years ago and needs to be reviewed.
“According to multiple studies, there are about 55,000 citizens in Puerto Rico with a gambling addiction. To combat this terrible social evil that causes so much suffering to families, Law 74 of 2006 was implemented, and it was stipulated that the company managing the pool betting on horse races would have to disburse USD 250,000 annually to the PAJC. Remember, at that time there were no sports bets. Now there are, and the racetrack has a license for these betting terminals at horse betting agencies, as well as its own facilities,” commented the representative.
In the same way, Aponte Hernández asked, once again, the management of the Camarero Racetrack to pay the debt it owes to the PAJC, which amounts to USD 2.5 m.
The representative explained that to ensure the racetrack complies, a progressive mechanism of fines should be available in case the stipulated payments are not made. “Another amendment will be presented which sanctions the Camarero Racetrack if it fails to make the annual payment to the PAJC. The first infraction would carry a fine of up to 20 percent of the amount due, the second violation would involve a temporary suspension of the license for sports betting systems, and the third violation would lead to permanent cancellation,” he explained.
See also: The Camarero Racetrack of Puerto Rico under investigation for possible violations of the betting law
