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Daily Archives: February 22, 2021
uction to Online Casinos Beginners – TheSpread.com
Posted: February 22, 2021 at 2:20 pm
Online Casino for Beginners
There isnt much difference playing in an online casino than in a brick and mortar one. The gameplay, games, and betting levels are similar, and most would say even better online.
However, the only difference between the two is dependent on your use of them and what your end goal is.
If youre looking to socialize, you might be better off on free apps for poker or other games where you can invite your buddies to play. However, if winning money is on your mind, you actually have a better chance when playing online.
Playing online comes with no distractions or pressure from peers. So, if youre in the mood for a distraction or to show off your skills a little at the blackjack table they wont serve your purpose. Still, there are plenty of reasons you might jump at the next chance to join an online casino.
Why Play at Online Casinos?
Playing online is all about your privacy and comfort. Therefore, all of the leading sites, such as elarabcasino.com have simple to use, easy to navigate platforms. Which are full of al the latest in casino entertainment. Furthermore, they give you the option of playing on your phone or tablet as well.
So, just like you would comfortably scroll your social media pages, you can play your favorite games the same way.
Other significant advantages of choosing an online casino are the fabulous promotions and bonuses. The best of which come to you just for creating an account. After that you have loyalty programs and VIP membership look forward to. Which give you tons of additional perks and chances to win more money.
You can also play on your schedule, whenever and wherever you are. Since online casinos are open around the clock. Giving you more flexibility and eliminating any logistical issues with getting to a casino. Moreover, since shorts sessions are more beneficial in overcoming the house edge, its better to get online intermittently to play.
Game Variety
The game options are really where online casino outshine brick and mortar ones. Not only will you find the same games, but youll also find hundreds more as well. Slots come in more variety than you can imagine. Including themes that suit every personality, whether you like Game of Thrones, fantasy football, fishing, fantasy and more.
One of the newer aspects of online gambling is that you now have the option to play against the computer or with a real-person dealer. When you play at the live dealer section of the site, youll find variations of blackjack, roulette, poker, baccarat and more.
Whats Better? Online or Land-Based
Since online casinos started becoming prominent in the late nineties, its clear why theyve grown so much. Now millions of people across the globe are choosing to play from home every day.
With some even preferring it to traditional casinos. However, theres no reason you cant enjoy both. If theres a game that youre extremely interested in playing, you can find an extremely safe space to practice online and start winning money. While you can leave land-based casinos for casual nights out with a date or friends. Both will always have a place with people who enjoy casino entertainment.
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Video Poker Games are the Online Slot You Never Knew You Loved – Gameindustry.com – GameIndustry.com
Posted: at 2:20 pm
If any person tells you that video poker is not a slot game, then after reading this, you will have good authority the right to call that person an idiot and you can educate them thereafter. Here we share with you why video poker is the slot machine game you never knew you loved. If you thought you were playing a card game, then, unfortunately, we must pop that gaming bubble and tell you that you were, in fact, playing a casino slot machine all along.
Not many players know about programming, why would they, their interests are playing and making money. Well, by knowing a thing or two about how online casino games are made, players can actually benefit when it comes to gaming choices.
Programming is essential information, like buying a car, knowing about the mechanics is beneficial to understanding the performance. The same can be said of games online, dont believe us? Lets just present two random examples.
Example One Blackjack: Blackjack is a card game that comes with a house edge of 1.48%. Roulette has an edge of 5.26%, the edge being the advantage the casino has over the game. Which is the game you are going to play? The answer is, of course, blackjack, it is a near 50/50 game, giving you a far greater chance of winning. The odds are indicative of the games development and how it is programmed.
Example Two Algorithms: The casino world is built on two algorithms. Both online casino games and land-based games are built the same. The RTP or Return to Player algorithm is based on a cost percentage, the casino will take x-amount of the funds put into a game and will payout x-amount. The RNG or Random Number Generator produces winners and losers based on random generation of change through a 30 billion numerical code. In short, RTP game performances are based on the expenditure of the casino members. And RNG game performances are based on computerized chance.
These are just two examples of how performance can affect the outcome. There are over 5,000 different online slot machines alone, and video poker is just one of them being influenced by slot programming. Once you become aware, you really dont have to be Sherlock Holmes to figure it all out.
Video poker is one of the most popular games online, in fact, players in Poland rank it as number one in the top 5 list of polish online casino games. Professional comparison site kasynopolskaonline.com in fact records more hits for video poker than slot machines at 3x the interest. But it might surprise these players from Poland to learn their favourite game is actually a slot machine.
Heres Alex Nowak, a programmer at kasynopolskaonline.com: In Poland, card games are the most popular form of gambling, its social and its exciting to play. When we introduced video poker to our list of free demo games, the interest was immediately noticeable and nearly had more internet traffic than our popular online slots games page.
Slots are the benchmark of all gaming online, slot machines are the most popular game, the most diverse. The gaming is pretty much self-automated, all you need do is press the spin button and thats about it, other than set the cost levels per-spin.
The model is ideal because the programming means you can dictate how frequently it pays out, yet regardless of this, such is the appeal, players will return time and time again.
Video poker has inherited this very same model. You have a popular card feature, with this comes many variants like Jacks or Better, Joker Poker, and Deuces Wild. Your gameplay approach is like that of slots, you only need to press the deal button unless you hold cards that you wish to keep in order to help build your card hand. And, of course, the internal programming is the same.
Every card of the video poker game is a reel, every deal is a spin, every outcome a calculation of the programming. The performance of all video poker games online is the same, whether they are built by Spin Games or Microgaming, the rules are exact, the games design style is the only factor that helps to separate them.
When you press deal button, the cards of the game will go through the spin cycle as a slot does, if you align the right symbols or in this case suits, you will gain a better return. The method is like for like in every sense. The value of the suits themselves and the worth of a hand is exactly like that of a slot paytable, a royal flush is exactly that of 5 matching high-priced slot symbols.
The option to hold and swap cards is just like a bonus feature, to a degree. A slot bonus round doesnt guarantee a win but is sold under the idea that it can reward a better return. Its the same with the holding of cards, the idea that you can get better cards in return for the swapped one. Its the same concept of play.
What can be said in favor of video poker is that the odds of a return are more improved than the online slot machine. The video poker games, most noticeably have a greater return in odds at almost 100%, whereas slot machines peak at about 97% on average.
Now, we dont expect this to change how video poker players play the game, but you can now be more aware of the programming in games and how they really affect the performance. And remember, it is always best to test-drive them first while they are in their free demo format before playing for real money.
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Labouchere Betting System – How It Works in Casino Games – BestUSCasinos.org
Posted: at 2:20 pm
The Labouchere has become a favorite betting system among many roulette players. It offers roulette gamblers the following three advantages:
Considering how popular the Labouchere is in roulette, you may wonder if this system even applies to other real money gambling games.
The following guide discusses this betting strategy more in depth, why its so popular among roulette players, and if its ultimately worth using with other games.
The Labouchere offers more flexibility than any other gambling system. It calls on you to create a number string that leads to your desired profit.
This number sequence can be anything that you want it to be. For bankroll purposes, though, you should probably keep your sequence and desired profit realistic.
For example, you might produce the following number string: 2, 4, 3, 2, 5 = 17
These numbers can either represent actual dollars or betting units. Dollars are good for online casinos, where you can wager as little as $1.
Betting units as a measure are more popular in land-based casinos, where you must wager at least $5 or more. If the minimum wager is $5, then four units would equal $20.
After determining the sequence, you add the first and last numbers to determine your bet size. In the case of a win, you cross out both numbers involved. When you lose, youll simply add the bet at the end.
Heres an example on putting everything together:
This system is extremely popular among roulette players for these main reasons:
Regarding the first point, betting systems mainly work well with even-money bets. After all, systems are volatile and not suited for riskier bets and slot machines.
Roulette offers three even-money wagers, which is more than most casino games. These bets include high/low, odd/even, and red/black.
As for the second point, basic roulette strategy revolves around which game you choose. You just need to pick French Roulette (98.65% RTP) or European Roulette (97.30%) to achieve high RTP. These games are better comparatively than mini roulette (96.15%) and American Roulette (94.74%).
With that said, many players like adding more layers to roulette strategy. Betting systems provide this complexity and make the game even more entertaining.
The Labouchere isnt solely relegated to roulette. You can use it with other games that feature even-money bets, including the ones below. Heres a look at how well the Labouchere translates to a few other games.
Baccarat features two main wagers that are worth placing, including the banker and player wagers. The banker hand features 98.94% RTP, while the player hand offers 98.76% RTP.
If you want the absolute-best payback, then you can just focus on the banker bet. The player hand isnt a bad wager either, though, if you feel like switching things up.
Both bets are actually better than French and European Roulette. They also win at a higher frequency too. The banker hand wins 50.68% of the time (not counting ties), and the player hand wins at a 49.32% clip.
When you use the Labouchere with either of these wagers, youll enjoy lower volatility and a slightly better chance of winning than with roulette.
Blackjack RTP varies based on the rules involved. With the absolute-best rules, such as 3:2 natural payouts and a single deck, blackjack offers 99.70% RTP.
With the right game, you cant do any better than blackjack regarding your long-term chances of winning. When it comes to the Labouchere, though, youll experience a little more volatility.
After all, youll only win around 42% of blackjack hands. This win frequency is lower than any other game discussed in this post. You want to keep this in mind when using the Labouchere with blackjack.
The reason for the high RTP and lower win frequency is due to bonuses for naturals, doubling down, and splitting hands in favorable situations.
Craps offers several even-money bets, including pass line, dont pass line, come, and dont come. These four wagers offer the following payout percentages:
You can even back these bets with odds, which pay at true odds and, thus, dont carry a house edge. You must wait for a point number to be established before betting odds.
Heres a look at how the payback increases with odds involved:
The Labouchere causes some complications when combined with odds. The latter already requires you to increase bets at various points. The Labouchere, combined with regular wagers and odds, creates further volatility.
If a tables minimum bet is $5, youll need to wager $15 total for a pass line with 2x odds. Assuming you must risk four units, for example, then youll be betting $60 total.
Long story short, you might just want to play craps with odds bets and forget about the Labouchere. Of course, you can always use this system without the odds too.
No matter which game you use the Labouchere on, you want to do everything possible to create a winning gambling strategy. The following tips will help you earn more money with this system.
The Labouchere can become rather risky when youre in a losing streak. At this point, it causes you to place bigger and bigger wagers.
You can mitigate your risk by playing at online casinos. The low minimum wagers ensure that you can use this system as cheaply as possible.
Most of your bets wont even be above $10even when youre in a losing streak. If youre low roller, then you definitely want to focus on mobile casinos.
You should go into this system with an idea on how much money youre willing to risk. If you can only afford to lose $50, for example, then you shouldnt exceed $50 in losseseven when in the middle of a sequence.
Assuming you have a larger bankroll, then you might still set a stop-loss limit. For instance, you could quit any session when youve lost $100.
Stop-loss limits help ensure that you dont get frustrated and gamble too much money. They also work to preserve your bankroll.
The Labouchere gives you the option to aim for 1,000 units if you want. However, such a lofty goal also puts you at much more risk.
With that said, you should focus on more realistic goals. Aiming for anywhere from $20 to $40 in profits is a conservative strategy.
Of course, you can always set higher profit goals later on. But you should dip your toes in the water by going for a $20 profit in the beginning.
The Labouchere betting system isnt just for roulette. It can be applied to any casino game with even-money bets. Of course, not all of these games are exactly the same when used with this casino betting system.
Blackjack, for example, features the highest RTP at 99.7%. But it also has more volatility due to the lower win frequency (42%).
Craps can offer up to 99.64% RTP when combining a dont pass line bet with 3x odds. However, it too is volatile because odds require risking more money.
French roulette and baccarat are, by comparison, less volatile. However, they offer slightly less payback than the other games covered here.
Outside of these minor differences, any game with even-money wagers will work well with the Labouchere. You dont only have to use it on roulette.
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KamaGames end of year results reveal sixth year of consecutive growth – CalvinAyre.com
Posted: at 2:20 pm
Dublin, 22nd February 2021 KamaGames, the largest European social mobile poker operator, has announced their 2020 end of year results.
The company not only celebrated 10 years in business but also reached the mark of 150 million unique players and showed record revenue and profit numbers. In the previous year, KamaGames grew their revenue by no less than 38.4% more than 1.5 times the social casino market average of 24.4%. In contrast, during this time, the mobile gaming market grew by 18%.
KamaGames attributes its successes in 2020, in part, to the rollout of new content and update of games hosted within its apps. Among these 2020 updates are:
In 2020, KamaGames flagship title, Pokerist, remained the third largest social poker player in the world and the leader in no less than 12 countries. KamaGames also rose to become the #1 poker app by revenue on iOS in Spain.
KamaGames second-largest product, Blackjackist, also grew by more than 40% in revenue, more than half of which came from the U.S. KamaGames Blackjackist currently stands as the global leader among social blackjack games
KamaGames other titles also remained leaders in their market in the previous year. For instance, Roulettist showed 70% revenue growth and is still the largest social roulette game in the world.
Another key component to KamaGames success in 2020 was the cultivation of key partnerships with quality brands. One such partnership included the launch of the Hard Rock Blackjack app in connection with the globally recognised Hard Rock brand.
KamaGames also made advertising campaigns with global UFC athletes such as Tony Ferguson, Colby Covington and UFC champion Petr Yan.
About KamaGames:
Established in 2010, KamaGames is the largest European social mobile poker operator.
Employing over 250 staff, KamaGames has its corporate headquarters in Dublin, Ireland.
KamaGames flagship title Pokerist has been localised into 29 languages, was the #1 grossing app in 101 countries on the App Store and one of the top 5 grossing apps in 45 countries on Google Play.
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How are crypto and blockchain are being utilised in the gaming sector? – Finextra
Posted: at 2:20 pm
Bitcoin went mainstream in the last four years, and with it, many online casinos began to accept cryptocurrencies. The key advantage of blockchain technology being used in the online betting, gambling and casino sector is that it provides transparency in database transactions.
Currently, there are a lot of new and upcoming open source lotteries, for example, where the return to player ratio is usually kept a secret. And while players are typically skeptical, possibly assuming it was a scam site, by using blockchain they can see exactly how the transactions are processed, solving this problem. When you gamble online using blockchain, if you lose your money you can see where it goes in the system. This means you can see exactly how much the website earns from your deposit, and how trustworthy the site is.
In the coming years, the use of blockchain in online betting or casinos will accelerate and become even more mainstream. We are already seeing projects that are disrupting the space by basing their infrastructure entirely on blockchain payments. This gives complete peace of mind to their players and is proving increasingly popular.
The challenges blockchain solves
Many online gaming sites hosting nontraditional games like blackjack or poker, are not regulated by the likes of the UKs Gambling Commission or the Malta Financial Services Authority (MFSA). If this is the case, such sites often offer no intelligence on how they select winners, who is winning, and whether winnings are being returned to players. As such, they could be a scam site.
Blockchain resolves this for customers because, in this context, it replaces the need for those regulators. This is because of blockchains technology and the transparency of transactions, you can see what happens to your money and deposits, as well as having visibility on which other players loss has added to your winnings. It will also be clear the amount that the site earns from each transaction, ensuring players do not feel cheated.
Gambling vs Crypto
There is not a huge intersection of people who are interested in both gambling and cryptocurrencies. Gambling has been around for hundreds of years, whereas crypto is a relatively new concept so it mainly attracts younger and more tech savvy people.
Those interested in gambling are attracted to it for the entertainment and are typically not afraid to lose their money. For the younger cohort, however, gambling is not typically appealing as they want to see a return on their investment but also understand that the house always wins, so its a risk.
For this type of person, crypto is a way of transacting, similar to those who do Foreign Exchange (Forex) trading. If they invest in cryptocurrencies such as Bitcoin or other well-known currencies, and keep it there long term we are talking years, not days - they are going to see a good return.
The risks specific to gambling using cryptocurrencies vs. fiat
The risks are the same for crypto and fiat when it comes to being scammed, with some lesser-known sites aiming to steal funds or refusing to pay out, although how this is achieved may differ. But there are also ways to reduce risks for both currencies and using well-known gambling sites is key.
If games hosted by online gaming or betting sites are audited by regulatory agency, as they should be if operating using fiat, the games are highly unlikely to successfully scam you. That being said, the site itself might still try to scam you, perhaps by saying that the player has not provided the right documents or attempt to avoid paying out if the player wins.
It is ultimately safer for players to use crypto-based gambling sites due to the transparency of crypto and blockchain, enabling players to track and trace their funds. However, crypto-based scammers have less work to do to achieve their goal. For example, they do not have to integrate a normal payment gateway into their site or have escrow funds. This enables the site to steal your crypto or refuse to pay out, simply because it is not regulated.
Anyone can create a website, host games and claim it is a gambling site, asking users to deposit crypto to start playing. But then it fails to work. Unfortunately, its actually easier to create a scam site like this, but the good news is crypto is becoming more mainstream so there are already well established gambling sites that use it, and as such, the likelihood of being scammed is much smaller.
The regulatory issues between blockchain, cryptocurrency and gambling
When it comes to issues regulating blockchain, crypto and gambling, tracing the source of funds is key. If players make a deposit using credit cards or bank transfers, it is much easier for regulators to trace. This is because they need a bank account, and to open a bank account they must first provide identification and complete verification checks.
In addition, banks must prevent money laundering so will ask the account holder about unusual activity or where funds are coming from. But with crypto, users can send a deposit to a wallet ID, and because its not audited, the money can come from anywhere, and from any type of activity.
Regulators want proof of where the money is coming from but are unable to force players to reveal this information. And, if the sites operators dont have strong measures to ask for source of funds, then it wont be possible to trace its origins. It is for these reasons, that crypto unfortunately is the best way of laundering money.
The need for tighter ID checks
Crypto-based gambling sites should be regulated the same way as those operating with fiat, complying with regulations and requiring identification of the customer, such as the date of birth, as well as requesting the source of funds. However, this is not done often for crypto-based sites because it is not a prerequisite.
In addition, many gambling sites are based in countries such as Georgia or Armenia where it is not as heavily regulated or monitored. While many payment gateways wont provide their services to sites that are based in risky jurisdictions, crypto-based sites are thriving there because they do not need to ask permission to accept payments.
Regulators are trying to be stricter and put policies in place for crypto-based transactions, but its going to be a long journey and tricky road ahead. For now, as long as players accept the terms of service then it is up to them to decide whether they believe the site is not fraudulent.
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How are crypto and blockchain are being utilised in the gaming sector? - Finextra
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ALL THAT JAZZ! – The Leader Newspaper Online
Posted: at 2:20 pm
BORN in the south of Holland Anita van de Berg Lady Jazz started singing when she won the first prize at a singing contest.
My brother won the first prize for the men!, said Anita, whose singing debut in Spain was in Benijofar.
Influenced by Billy Holliday and Amy Winehouse, Anita said: My singing debut in Spain was in Benijofar, and soon after that I was the support act in Torrevieja for Earth, Wind and Fire.
Seventies and eighties legends Earth, Wind and Fire hits include: Boogie Wonderland, Got to Get You Into My Life, September and Lets Groove.
Having performed in Spain and Holland, Anita and her husband emigrated to Spain: We chose to move to Spain because of the lovely weather!, she smiled.
Looking back on her early years, Anita reflected: I wasnt singing at school. I got all my papers but didnt like school.
Anita, who hobbies include singing, gardening and her wardrobe, said: When I finished school I started modelling, while working as a Blackjack dealer in Casinos.
I have been behind tables, dealing for many years in several countries, including Holland, Belgium, Germany and Austria.
Anita, who has performed alongside many famous people, said: I have been the support act for Ray Lewis a few times, the former lead singer of The Drifters.
On the person she would like to meet, Anita, who only started singing in recent years, said: I would like to meet Tom Jones one day!.
*In Part 2 of The Leader Exclusive interview Lady Jazz speaks about her time in Holland in a Girls Group, and on the coronavirus situation, that has stopped her performances in Spain under lockdown.
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How the Poker industry flourished online! – The Courier
Posted: at 2:20 pm
Youd be hard-pushed to find a sector that hasnt grown exponentially online in the last few years.
With devices becoming smaller and smarter combined with brands creating fast apps and mobile-friendly websites, is it any wonder?
Grand Review Research found that the online gambling market is likely to be worth a massive $127.3 billion by 2027. They noted that the freemium model is one of the most significant contributors.
Many gaming apps will have the freemium model; it is a combination of free and premium models. The app or game base is free, but to progress or get more functions, you need to upgrade to a paid subscription. The free base models usually have ads and paywalls; you can generally get some more functions by sharing the app, following the developer on social media, or waiting for more lives/in-game money.
Poker Player Research has found that there are 23 million regular online poker players, 15 million of whom play for real money. Daniel Negreanu is the wealthiest poker player, estimated worth is $50 million. He works on a strategy that includes reading people, has a purpose, doesnt show if you have, doesnt bluff, and is undoubtedly one to calculate pot odds.
Statista research shows that the UK gambling industry in 2018 was worth approx. 14.4 billion
While there are many games, roulette, blackjack, slots, and poker are the most popular.
The move to online has been a gradual progression for most players. Similar to online shopping, you are free to browse for as long as you like, and eventually, when you find what you want, you can try it on.
In most cases free to play options are available and can give people a relaxed entry into the online gambling world. If you dont like the game, you can take your time to find another one.
Once upon a time, no one had the internet, then when they did, it was a slow wired connection. Fast forward to modern times, and most people have the internet in their pocket at all times.Its faster, cheaper and most companies have mobile-optimized websites and apps.The freedom of the pocket-sized computer (aka the smartphone) means that people can play anytime anywhere.
Brick and mortar casinos are fun, and they bring a bit of glitz to the whole affair. Yet, mobile and PC online gambling are easier. Apps and mobile websites are designed for easy sign-up, displaying the most popular options and allowing for top-up or free play.When playing on your PC or laptop, you might have more options, but it is still streamlined. Your account area may even have options for how much you can play and your spending limits.
One of the biggest and most exciting things about gambling online is the plethora of bonuses.Some of the most common bonuses:
Bonuses can help you make the most of your gambling cash.
Most age groups adopt and use modern technology, including tablets, smartphones, and more. Specifically looking at the UK, in 2020, there were 16.9% of 16-24-year-olds that gamble online. (The National Lottery has an age limit of 16, other gambling is 18).
The jump between 2016 and 2020 is the 35-44 age group, moving from 21.5% to 29.3%. Perhaps one of the most surprising leaps is the 55-64-year-olds from 16.5% in 2016 to 23.5% in 2020. Most age groups enjoy gambling to some extent, but the increase in young adults is notable.
Why? Well, because they grow up with access to smartphones and a deeper understanding of the internet. As well as having developers who understand what people want and need. The younger generations are early adopters to most online trends.
If you need to improve your poker game, check out how top poker players improve their game.
While land-based casinos are fun, there is something about online poker that just makes it better.
If you only have a small wind of time in todays busy life, then online poker is the perfect way to spend it. Land-based poker games can take a while, and of course, you are bound to your seat.Online poker gives you the freedom to play high-speed automated games. Some poke sites can deal up to 90 hands per hour. In comparison to land-based dealing, 25-30 hands per hour.
Land-based casinos can only offer so much in terms of styles, game variants, and other options. Online gives you more options than you might know what to do with! Game options can include:
Online poker is as flexible as you are. You can leave for a few hours or days and come back.In-person poker requires a commitment of time that not everyone has to give.Not to mention that online poke is often cheaper and has more bonuses than land-based poker too!
What does the future of gambling hold? With developers making smarter games, we will likely see a steady increase in the rate at which people are using their mobile phones to play poker.
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Seychelles Overview – World Bank
Posted: at 2:20 pm
The Republic of Seychelles lies northeast of Madagascar, an archipelago of 115 islands with almost 98,000 citizens, three-quarters of whom live on the main island of Mah. Seychelles has the highest gross domestic product (GDP) per capita in Africa, at nearly $17 billion (2019), but inequality is significant, placing the prospect of continued shared prosperity in tighter focus. Climate change also poses long-term sustainability risks.
Political Context
Independent since 1976, the Seychelles is a relatively young democracy: the first multiparty presidential election was held in 1993 after the adoption of a new constitution. A presidential election in December 2015 was closely-fought, and President James Michel narrowly elected for a third and last term by just 193 votes out of the 62,831 valid votes cast. Michel resigned in October 2016, and was replaced by his deputy, Danny Faure. In September 2016s legislative elections the opposition coalition won the parliamentary elections for the first time. Presidential and parliamentary elections are schedule for October 2020.
Economic developments and outlook
Following the economic crisis and resulting sovereign debt default in 2008, the Republic of Seychelles through a prudent reform program made significant progress in achieving economic stability and fiscal sustainability. As a result, the economy grew by an average rate of 4.2% per annum between 2009 and 2019. With the help of an International Monetary Fund program, the government maintained its target of 2.5% primary balance and was on target to reduce the debt to GDP ratio to 50% by 2021. Prudent monetary policy also led to a build-up of the gross international reserves to 3.5 months of import coverage by 2019 from less than one month at end-2008.
The economic and social shock from COVID-19 (coronavirus) on the Seychellois economy is severe due to strong dependence on international tourism. Tourism accounts for approximately 30% of gross domestic product (GDP), making the country highly vulnerable to the current COVID-19 pandemic. The global outbreak is drastically reducing economic activity in 2020 as tourist arrivals are projected to decline by more than 50%. This is affecting other sectors such as transportation; art, recreation and entertainment; wholesale and retail trade; and the financial and insurance sector. GDP is expected to contract by 15.9% in 2020 compared to the pre-pandemic projected growth rate of 3.5%. Recovery is expected to begin in 2021 with a projected increase of 4.7% driven by a recovery in the tourist industry and a resumption in capital flows. If unmitigated, the poor are expected to bear a disproportionate impact of the economic shock. According to the 2013 household survey, about 6 out of 10 poor individual have a job, mostly in informal activities in the service sector that are expected to experience significant declines.
Development challenges
While the immediate priority is the containment of COVID-19 and recovery from its economic and social impact on the country, a focus on longer term structural issues is also warranted for a strong and resilient recovery.
Among Seychelles development challenges is the importance to focus on greater productivity, participation and performance of its economy as means to increasing shared prosperity. Some of the main institutional challenges in this regard are notably barriers to open and operate businesses, inefficiencies in public sector management, such as limited statistical capacity, scope for a more strategic and sustainable approach to social protection, as well as the need to broaden access to quality education and skills development. Climate change adaptation, including through strengthened disaster preparedness systems and enhanced coastal management, is also key.
Last Updated:Jul 31, 2020
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Meeting Seychelles Productivity, Participation, and …
Posted: at 2:20 pm
VICTORIA, August 2, 2017 How can Seychelles maintain its strong economic performance while ensuring that the benefits of growth are shared, and that the gains are environmentally sustainable and resilient to future shocks? These big questions are tackled by the Systematic Country Diagnostic (SCD), a World Bank report for the Seychelles.
The SCD seeks to identify the Seychelles most critical development priorities and highlight gaps in knowledge where more evidence and work are needed to inform policy. It finds that Seychelles development challenges can be summarized as the 3 Ps: Productivity, Participation, and Performance.
First, Productivity.
Seychelles economy has been growing robustly, but this growth has been powered by the heavy use of foreign investment and expatriate labor. Seychelles could, therefore, benefit from placing more emphasis on boosting the efficiency with which it uses its existing resourcesthat is, by achieving more productivity-led growth.
Productivity can be unleashed in many ways, from encouraging more innovation in key areas of the economy, such as tourism, to continuing to place emphasis on micro-, small, and medium enterprise development across all sectors.
Since 2015, the Seychelles has been classified as a High Income Economy by the World Bank (the only one in Africa). It is time for it to start growing like one, based on the never-ending increases in productivity that come through the competitive pressures of the market to do more with less, and from technological adoption and innovation.
Second, Participation.
Seychelles already enjoys high labor force participation and employment rates. But globally the labor market is increasingly rewarding workers with job-relevant skills (such as hard-to-get technical and vocational skills, advanced skills, and so-called soft skills like the communications and people skills demanded in management and sales roles). The pressure is on for the Seychelles education system to equip graduates with the tools they need to reap the benefits of the growing opportunities offered by the countrys increasingly sophisticated economy.
Social spending is already at generous levels, but it needs to be better targeted to shore up its sustainability, boost its impact for protecting the vulnerable, and empower Seychellois to get high quality jobs.
Third, Performance.
A high-performing economy, one which offers opportunities for all to participate while protecting the vulnerable and providing a safety net in hard times, cannot be achieved in a vacuum. It requires a public sector that is efficient enough to deliver high quality public services (such as education and healthcare), agile enough to respond to and anticipate emerging priorities, and small enough not to divert scarce financial and human resources away from the private sector, which is responsible for generating the bulk of employment and income.
Seychelles has made much progress on this front in the reformist period following the 2008 global financial crisis, and it can build on this further to position government and its state-owned enterprises to support a high-performing, high-participation economy.
Through the lens of the 3Ps, the World Bank identifies five top priority areas for Seychelles to make even more progress in achieving shared prosperity. They are: (1) to strengthen the private sector enabling environment, (2) to maintain the focus on macroeconomic and fiscal policy stability, (3) to further increase public spending efficiency, (4) to strengthen education and skills development, and (5) to streamline and use more strategically its social assistance spending.
Of course, and as covered in the report, there are many other priorities too, such as tackling the quality and price of credit and energy, reducing labor market rigidities, enhancing healthcare, and confronting the substantial challenge posed by the inevitability of external economic shocks and by climate change.
Reasonable people can, and no doubt will, disagree on how best to describe and rank the many challenges faced by Seychelles. Our hope is that the SCD offers one useful perspective, contributing to the national debate, and that it can also be used as one input to the new national development planning process that has been launched.
As Seychelles takes stock of its developmental success to date, and plans to elevate this even further, the SCD also identifies how much the country stands to benefit from investing more in gathering data and using it to inform debate and public policies.
Perhaps to the 3Ps we could add 2Ds: Data and Digitization.
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Countries Londoners could fly to this summer including The Seychelles, Cyprus and Poland – My London
Posted: at 2:20 pm
With the vaccine roll out offering hope to millions of Londoners for a return to normal, some are inevitably dreaming of a holiday away.
But it's not going to be as easy as it was pre-pandemic.
Covid infection rates and the government measures put in place to counter them vary from country to country.
Which means you won't be able to pick and chose were you go abroad when the UK travel restrictions ease.
A number of countries have said they will accept vaccinated travellers including Iceland, Cyprus and the Seychelles, reports the Mirror.
Currently of course it is illegal for Brits to travel abroad for holidays, and the government is cracking down on rule-breakers including requiring people to provide a valid reason for travel or risk being turned away at the airport, or even being fined.
At the time of writing, a number of destinations haven't included Brits in the list of travellers they will be welcoming back, for a mixture of reasons spanning fears of a mutant coronavirus strain in the UK, to only welcoming back EU members in an initial wave.
Still, the news that vaccinated travellers will be welcome back do offer a glimmer of hope, especially for future travels when restrictions are eventually relaxed.
We take a look at the countries who've said they will welcome back vaccinated travellers - and whether Brits are included in the list.
Travel restrictions are subject to change during the pandemic. You should always check the latest FCDO travel advice before planning, booking or going on a trip.
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Iceland has announced that it won't require travellers to quarantine if they have been fully vaccinated against Covid-19 .
Current rules mean all arrivals must undergo a PCR test upon arrival followed by a 5-6 day quarantine, and then a second screening. However, the new policy means travellers with a Covid vaccination certificate won't need to undergo screenings or self-isolation .
Are Brits on the list? Not for the initial stage. Iceland is only accepting vaccine certificates that meet certain criteria including being issued in an EEA/EFTA state. As the UK has left the EU, it doesn't qualify. However, a spokesperson for the Ministry of Foreign Affairs of Iceland told the Mirror that "as soon as the UK vaccine certificates are validated by the WHO, we will be looking at whether we can accept them at our borders".
The Seychelles' tourism authorities announced earlier this year that "with immediate effect, Seychelles will be welcoming vaccinated visitors from any part of the world".
Anyone who receives the vaccination will need to wait for two weeks after receiving their second dose before they will be allowed to head to the island.
There will still be entry requirements for vaccinated visitors; you'll need to prove you've had two doses of the official vaccines, and you'll still need to provide proof of a negative Covid-19 test result, taken up to 72 hours before departure.
Borders will remain closed to visitors who haven't been vaccinated, or who aren't travelling from the list of approved countries.
Are Brits on the list? At the time of writing, the Seychelles has closed its borders to anyone travelling from the UK.
Estonia has revealed that from February 1, Brits who have received the Covid-19 vaccination will no longer be required to isolate for 10 days or undergo Covid-19 tests.
The country's Ministry of Foreign Affairs announced the news in January. There will be some criteria that needs to be met though - for example, no more than six months have passed since receiving the complete vaccine.
Are Brits on the list? Yes - Brits who have received the vaccine won't need to isolate or undergo testing.
Cyprus is looking to introduce a new policy where vaccinated travellers will not need to undergo current testing and quarantine rules.
Cyprus Transport Minister Yiannis Karousos revealed the plan to the Cyprus Mail. He said: "The amended action plan is expected to further boost the interest of airline companies to carry out additional flights to Cyprus, improve connectivity and increase passenger traffic."
Travellers who are not vaccinated will still need to meet Cyprus' entry requirements.
Are Brits on the list? Cyprus will continue to determine entry for travellers based on the country they're travelling from - and at the time of writing, the UK is not on this list.
Poland has lifted a mandatory 10-day self-isolation for travellers who have been vaccinated against Covid-19 and can provide proof of vaccine certification.
Quarantine is also lifted for visitors who have proof of a negative Covid-19 test taken within 48 hours before crossing the Polish border.
Are Brits on the list? Yes. Brits are able to enter Poland (once the UK's bans on international travel lift).
Romania has announced that travellers who have been vaccinated against coronavirus will be exempt from measures such as quarantine.
You'll need to have received both doses of the vaccine, and arrived in Romania more than 10 days after the second dose, to qualify for the exemption.
Are Brits on the list? According to the Foreign Office, UK nationals and non-EU/EEA nationals resident in the UK are not permitted to enter Romania for non-essential purposes, due to EU-wide COVID-19 restrictions in place for third country nationals.
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Countries Londoners could fly to this summer including The Seychelles, Cyprus and Poland - My London
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