The Update:Procurement functions within regulated gambling markets are undergoing significant transformation, driven by evolving regulatory landscapes, heightened ESG expectations, and rapid digital advancements. The European Union’s Corporate Sustainability Reporting Directive (CSRD), effective from 2024, mandates comprehensive ESG disclosures, compelling gambling operators to scrutinise their supply chains for environmental and social compliance.
Simultaneously, the global gambling industry is experiencing regulatory fragmentation, with jurisdictions like Peru introducing new licensing regimes focused on consumer protection and market integrity. This patchwork of regulations necessitates agile procurement strategies to ensure compliance across diverse markets.
Why It Matters:For gambling operators, procurement is no longer solely about cost efficiency but has become integral to risk management and strategic growth. The CSRD’s emphasis on ESG reporting requires operators to engage suppliers who adhere to sustainable practices, thereby influencing procurement decisions and supplier selection processes.
The lack of harmonised regulations across jurisdictions increases the complexity of procurement operations. Operators must navigate varying…
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