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Speaking at the East Coast Gaming Congress, executives of online gambling companies and their technology partners said the rapid growth of sports betting has provided a ready-made infrastructure and regulatory apparatus for online casino games.
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By issuing an unlimited number of temporary licenses, everyone gets a chance to compete and work out the kinks while regulators decide who should stay, said Chris Cipolla, senior director of legal and government affairs for Boston-based Draft Kings, at a commission meeting Thursday.
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Perhaps regulation costs are cutting into slots providers�� and casinos�� bottom lines. After all, more regulated online gaming markets exist than ever before.