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Category Archives: Gambling
Bombay of the 1970s, a Time of Shady Bars, Petty Gambling and Great Opportunity – The Wire
Posted: June 20, 2020 at 10:27 am
At Famous Studios in Tardeo, Avtar Kaul was editing his film 27 Down, next door to us editing Rajnigandha there. In his manic pace, sometimes Avtar would even be sleeping in the editing room itself.
Avtar, why the bloody hell are you working at this psychotic pace. Take it easy man, because you have no release date to meet. Abhi tak toh hamari filmen koi nahi kharid raha ha. Shayad dabbey mein hi reh jayegi dost?
Look, Suresh, I want to enter it in the National Awards this year. All the Dadas hats are in the ring. I want to throw my little topi in too. I have to meet that deadline, Buddy. You wont understand. he said, his voice trailing off.
None of us, including him, could imagine in our wildest imagination that on the eve of his film getting the National Award for the Best Hindi Film, he would tragically drown in the monsoon seas in Walkeshwar, trying to save a friend who had accidentally fallen off the parapet wall of the property where he had a paying guest accommodation.
We were all in our early 30s then, except Basuda who was 42 years old. Our worship mantra was: Surya soye aur daaru jaage. At sunset, in groups of four, we would pile into taxis and head for our place of worship and liberation; our favourite auntys adda under the swaying palms of a sleepy palms fringed Juhu, or the Koli village in Khar, or an under-construction building in Bandra, whose ground floor turned into a speakeasy at night. In fact, we explored all addas from behind the Taj Mahal Hotel to Sion, where next door, a Sikh rehriwala fried the most scrumptious fish in the universe. And you would tip the Bihari mundoo, of the way beyond Michelin Stars Chef, two one rupee coins for bringing it to you to enjoy with your tharra, and his face and eyes would light up like a jugnu in pitch dark on a summer night.
Those were the glorious days of Prohibition, when booze was available everywhere. Even your lift operator knew an aunty in the slum nearby, whose kholi sold it 247, when you ran out at 2 am, but were still partying.
Bandra was then still a leafy nearly in the boondocks suburb, when habitable Bombay ended at Mahim Church. Beyond the Causeway, except for Juhu, where the rich had their beach shacks, was dehat rural Bharat.
St Michaels Church in Mahim, Mumbai. Photo: Anuradha Sengupta CC BY 2.0
Every taxi driver in Bombay knew the famous aunty in Bandra who lived on the second floor of the building. After the adda served the last drinks but you still wanted another quarter to help you put down dinner at the food carts on Linking Road, the taxi took you below Auntys second floor flat. A basket would slither down from the flat in which you put the money for the brand and quantity of the bottle you wanted, and the basket would fly towards the stars, and would descend again like Pushpak Vahaan with the nectar.
If one of our fellow tipplers got too sizzled, you requested aunty to call a cab, who made the cabbie count the money in his pocket (which was just enough for the fare) and sternly told him: You will leave him at this address, take the cab fare from his pocket, help him to his door, ring the door bell and wait till someone opens it and takes his charge from you. Kya? Samjha?? And we never had an iota of doubt that our buddy would be safely home and puking in his own toilet bowl.
Also Read: Basu Chatterjee, the Real Stealer of Hearts, Remembered by the Boy Next Door
The Bombay Police was reputed to be one of the best in the world at that time. It operated on the system of it takes a thief to catch a thief. Of course, the police took their hafta to turn a blind eye to organised crime but also demanded that sharif log be neither, harassed, cheated or physically harmed. One could send a teenaged girl or a drunken friend in a cab at 2 am and could be sure they would reach their destination safe and unharmed. Bombay was the safest city in the world.
Other than bootlegging, the other major organised crimes were smuggling and Ratan Khatris matka. From the Elysian Fields of Malabar Hill to the slums of Dharavi, everyone had their very own bootlegger, smuggler man and matka bookie.
Everyone, I mean literally everyone, from the society housewife to the ever-smiling toothless beggar outside your building played matka, which could be played for as little one rupee in the slums to several lakhs in the citys satta bazaar. When the numbers were picked out at 8pm, everyone wherever they were, would start asking everyone else: Kya number inkle? The cabbie would ask you in the cab or you him, the lift man would too, while you were lifting to your flat, and the beggars while you were flagging down a cab or waiting for a bus. Ratan Khatris was the True and Revered Once and Future King of the Nights of Bombay. A man of sterling integrity who never had a single charge of unfairness or cheating till the Emergency shut down his operations and jailed him.
Haji Mastaan was the Smuggler King, larger than life and more romanticised by the aam aadmi than a Mills and Boons novel. Not only were smuggled goods available everywhere but everyone in high rises, shops, film and recording studios, clubs and addas had their own personal Smuggler Man. They were not criminals but normal, polite and neatly dressed men, Hindu and Muslim, trying to make a living by catering to a market of respectful citizens. We were in Nehruvian Socialism and flat broke to be able to import anything at all.
Our local industrialists got their license-permit-quotas by bribing both the Neta and the Babu. They manufactured razor blades that nicked off a little flesh along with the hair on your chin, lipstick that melted in sun making the mouths they adorned like Kalis after a blood feast, wooden pencils whose lead snapped after every half page of writing, erasers that adorned the page, after use, with black streaks like pre-monsoon skies, fountain pens which would flow with the same irregularity as the citys water supply.
It was just law-abiding folks who, in addition to the above necessities, wanted cheap tape recorders and cameras, terylene and nylon (the new man-made wonder fabrics) pants and shirt pieces for themselves and gifts to others, toys for the kids whose paint was not toxic, because the Commanding Heights of The State had chained our peoples natural animal spirits for entrepreneurship to institutionalize a corrupt, rent seeking and parasitic system.
Bombay was the lodestone to which, like lemmings to the sea, people from the vast cultural, linguistic and racial kaleidoscope landscape of India headed to make their fortunes through luck and pluck with fathomless optimism. Landless peasants came to become labourers in the massive construction boom, or cooks, drivers, watchmen, taxi drivers, bootleggers and smugglers. Small businessmen from the non-descript dusty towns to become seths and buy expensive flats in high rises popping up everywhere. Dhirubhai Ambani, the son of a village school teacher and ex-attendant of a petrol pump in Oman, was just getting to be known with the launch of Vimal Fabrics.
Educated young men and women came to become journalists and copy writers in the advertising industry, and stars in different areas of the film industry actors, producers, directors, playback singers, musicians.
It was a magical tour crackling with psychedelia, stardust, the music of the spheres seductive with limitless possibilities. It was real because every day someone you knew as a fellow lodger in a seedy guest house or paying guest accommodation in a faraway suburb was moving to his own flat in Bandra, Khar or Juhu, the new prestigious suburbs of upward mobility.
Basuda loved the city with a passion: Suresh, you tell me, which city in the world will make a boy from Mathura a well-known film director. With my family background, the most that was expected of me, and that my in-laws would consider a good match for their daughter, was to become an upper division government clerk.
From L to R: Manu Bhandari (writer of Yeh Such Hai on which Rajnigandha is based), Vidya Sinha, Amol, Basu Chatterjee, Dinesh Thakur, Suresh Jindal
As I trudged along with him on the streets or drove in taxis to studios and theatres to meet prospective actors to cast in Rajnigandha, or to Salil Chawdhurys flat on Pedder Road for a music sitting, or to eat in an Udupi or Irani dhaba, for thats all we could afford, he would give me anecdotal stories from his rich repertoire, both experienced and heard, of the film industry and of the citys famous and infamous icons.
At suraj soye daru jaage time, we would hop in a cab with other friends to float to our chosen adda for the night. Basuda would always drink moderately, silently with eyes half-closed, and leave earlier than all others in the gang, who were mostly younger and bachelors, to always eat his dinner at home in Prabhadevi.
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Bombay of the 1970s, a Time of Shady Bars, Petty Gambling and Great Opportunity - The Wire
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COVID-19 Impact and Recovery Analysis – Gambling Market 2020-2024 | The High Penetration Of Smartphones to Boost Growth | Technavio – Business Wire
Posted: June 8, 2020 at 10:42 pm
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the gambling market and it is poised to grow by $231.63 bn during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the gambling market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 888 Holdings Plc, bet365 Group, Caesars Entertainment Corp., Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, and William Hill Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The high penetration of smartphones has been instrumental in driving the growth of the market. However, ban on gambling advertisements might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/gambling-market-size-industry-analysis
Gambling Market 2020-2024: Segmentation
Gambling Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41072
Gambling Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gambling market report covers the following areas:
This study identifies the use of AI in online gambling as one of the prime reasons driving the gambling market growth during the next few years.
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Gambling Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Platform
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Sweden’s gambling ops offer alternatives to online casino restrictions – CalvinAyre.com
Posted: at 10:42 pm
Swedens online gambling operators have some suggestions for how the government might better protect consumers, while the state-run Svenska Spel wants the government to better protect its lottery monopoly.
On Monday, Branschfreningen fr Onlinespel (BOS), Swedens online gambling industry group,offered the government its proposed measures for a safer gambling market, seeking to counter the governments plan to impose strict deposit and spending limits on online casino products as of the first week of July.
BOS recently commissioned a study by Copenhagen Economics to determine what effect the proposed limits will have on channeling Swedish gamblers away from internationally licensed gambling sites and toward locally licensed operators.
The report estimated that the online casino channeling rate will likely fall from its current estimate of 72-78% playing with local operators to a range of 52-63%. BOS CEO Gustaf Hoffstedt believes this will put the Swedish market back to the unsustainable situation that led the government to launch a regulated online market in January 2019.
BOS has put forth seven alternative steps the government could take to improve the channeling rate and thus allow the state to better monitor gambling activity and protect consumers. These include introducing a B2B licensing system to discourage gaming technology suppliers from doing business with international operators if said suppliers wish to continue doing business with Swedish B2C licensees.
Other suggestions include more funding for campaigns to raise awareness of existing responsible gambling tools, collaboration between government and licensees on analyzing (anonymized) customer data, and using that data to establish a risk classification system based on players rather than gambling products.
SVENSKA SPEL CALLS FOR LOTTERY BETTING CRACKDOWN
On Monday, Svenska Spel CEO Patrik Hofbauer published a statement asking the government to crack the whip against so-called shadow operators offering betting markets on lottery draws, which under Swedish law are supposed to be reserved for the state-run Svenska Spel and non-profit groups.
Hofbauer cited an H2 Gambling Capital report that lottery betting sites currently control nearly 40% of Europes online lottery market and that these operators revenues were growing between 10-20% per year, depriving both the state and the recipients of charitable foundations of badly needed funding.
Hofbauer noted that many of these sites hold Swedish betting licenses, which he claimed they use to utilize openings in Swedish gambling laws and corrupt the intentions of the legislators who crafted those laws.
Hofbauer added that Denmarks gambling regulators forbade their online licensees from offering lottery betting products and he urged Swedens Spelinspektionen regulatory agency to introduce the same right and reasonable rules.
One year ago, Spelinspektionen fined lottery betting operator Lottoland $74k for offering products not covered under its Swedish license, including lottery betting and online scratch cards.
Svenska Spels own regulatory compliance is being probed by Swedens consumer ombudsman, which recently ordered the company to disclose its relationship with a local TV channel, on which Svenska Spels lottery products were being promoted without being labeled as a paid-for promotion and without the required responsible gambling messaging. Svenska Spel is appealing the ruling.
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Sweden's gambling ops offer alternatives to online casino restrictions - CalvinAyre.com
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Gambling 101: What are Puck Lines and Run Lines? – Sports Illustrated
Posted: at 10:42 pm
Part of the point spread family of betting odds, bettors are offered puck lines when they wager on hockey and run lines to bet on baseball. Different from football and basketball ATS odds, which can be posted at 17 points or more, pre-game hockey and baseball point spreads are always 1.5 goals or runs. This is due to both sports being relatively low scoring. As such, it doesnt leave bookmakers with very much wiggle room when setting the odds. Lets break it down.
Hockey is a fast moving, hard hitting and action packed sport. While exciting to watch, NHL contests are often low scoring and tightly contested affairs. When wagering on pre-game puck lines, bettors give up -1.5 goals to back the favorite and receive +1.5 goals to bet on the underdog. Bettors need to pay attention to the puck line juice as it can be expensive. Favorites in hockey receive plus juice pricing while the underdogs are posted with a negative number.
In the example above, Detroit bettors receive 1.5 goals prior to the game and need the underdog Red Wings to win outright or lose by just one goal. As noted, by the (-180) juice, it costs $180 to win $100 with Detroit. Pittsburgh backers are down by 1.5 goals prior to the game and the Penguins need to win by at least two goals to cash a winning ticket. Juice is more favorable when laying pucks with favorites as $100 wager on Pittsburgh returns a $160 profit.
Baseball favorites begin the game with a 1.5 run deficit while the underdog is up by 1.5 runs prior to the first pitch. In the example below, Chicago is chalk, giving up -1.5 runs, and bettors need to wager $100 to earn a $140 return on the Cubs. Philadelphia is the underdog, receiving +1.5 runs, but it costs $160 to win a $100 wager on the Phillies. Baseball and hockey two-way run line wagers are decided after regulation time, plus any extra play, and a PUSH is not possible.
In both hockey and baseball, LIVE in-play point spreads move according to the score of the match. MLB odds often change more dramatically as a run line will balloon if either side has a big inning. For instance, using the line above, if Philadelphia went up 3-0 after the first inning, the LIVE betting run line would likely move to Philadelphia -3.5 with juice in the (-130) range. Laying pucks or runs is a best bet when wagering research shows one side being vastly to the other.
MORE GAMBLING TERMS YOU NEED TO KNOW
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Gambling 101: What are Puck Lines and Run Lines? - Sports Illustrated
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With Real-Life Games Halted, Betting World Puts Action on E-Sports – The New York Times
Posted: at 10:42 pm
Some publishers are appearing to embrace betting by hiring integrity monitors that also sell data and betting services to bookmakers. For example, in mid-April, Nevada regulators approved Activision Blizzards Call of Duty League and Overwatch League for betting. Three weeks later, the leagues announced an integrity services deal with the Swiss company Sportradar, modeled on similar deals that Sportradar has with traditional sports organizations like the N.F.L. and the e-sports pioneer Riot Games, the creator of League of Legends, one of the most popular e-sports.
When we first looked at e-sports it was the Wild West, said Doug Watson, head of e-sports insights for Riot, which is owned by the Chinese media and gaming behemoth Tencent. Sports betting is a big part of the ecosystem and was going to happen regardless of whether we said it should happen or not. So we decided to invest to protect the sport and ensure its longevity and legitimacy.
Andy Cunningham, head of integrity and league relations for North America at Sportradar, said that traditional and e-sports leagues pay his company to monitor betting for suspicious patterns, investigate possible corruption, educate players and officials on proper behavior and establish anti-corruption procedures. He said those integrity services are separated from the companys other divisions, which sell sports data and betting services to bookmakers. There is absolutely no conflict in what we do, he said, though some gambling executives, like Blume at Pinnacle, disagree.
Days after Riot announced its integrity deal with Sportradar last summer, the companies announced a separate deal under which a Sportradar joint venture pays Riot for exclusive access to data from the companys League of Legends e-sports tournaments. The Sportradar venture, Bayes Esports Solutions, then sells that data to other companies, including bookmakers. Sportradars relationship with the N.F.L. is similar. Activision Blizzard has not announced a data distribution deal with Sportradar to follow on last months integrity deal. But such an arrangement is being negotiated, according to two people close to the companies who spoke on condition of anonymity because they were not authorized to discuss the deal before it was publicly announced.
A separate path for integrity monitoring is also emerging for e-sports.
Gambling regulators in Nevada, Britain and Malta, as well as betting companies including William Hill, have strengthened their ties to the Esports Integrity Commission, a group in Britain that is attempting to become a central authority to help stop match-fixing and other corruption helping to legitimize the competitions for bettors, fans and sponsors.
But major game publishers have been reluctant to sign up. Game industry executives explained that publishers may want to avoid giving the impression that they actively support gambling or that their games need an international integrity commission in the first place. In Asia, the original home of big-money e-sports, match-fixing scandals have toppled careers, teams and entire leagues.
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With Real-Life Games Halted, Betting World Puts Action on E-Sports - The New York Times
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KBO’s career saves leader eligible to return from gambling suspension Tuesday – The Korea Herald
Posted: at 10:42 pm
Oh Seung-hwan of the Samsung Lions, the all-time saves leader in the Korea Baseball Organization (KBO) with 277, has served his 72-game suspension, stemming from an overseas gambling conviction.
The KBO handed down the ban in 2016 after Oh received a court fine for gambling. The half-season suspension kicked in when Oh rejoined the Lions last August after getting released by the Colorado Rockies.
Oh pitched for the Lions from 2005 to 2013, before spending the next two years with the Hanshin Tigers in Japan and then parts of four seasons in the majors with the Rockies, the Toronto Blue Jays and the St. Louis Cardinals.
In his first tour of duty in the KBO, Oh had a 1.69 ERA over 510 1/3 innings. He also owns the single season saves record with 47, which he set in 2006 and matched in 2011.
The Lions will host the Kiwoom Heroes for a three-game series starting Tuesday evening at Daegu Samsung Lions Park in Daegu, 300 kilometers southeast of Seoul. They'll have another three-game series at home starting Friday, against the KT Wiz.
The stadium opened in 2016, and Oh has never pitched there. His most recent KBO appearance came on Oct. 2, 2013.
Oh started traveling with the Lions last week and threw a bullpen session while they were in Seoul. Samsung manager Huh Sam-young has said he won't throw Oh into the fire right away, and he will instead ease the right-hander back into action.
"The best-case scenario for us is to have him on the mound with a comfortable lead," Huh said last week.
Eventually, though, Oh will take over as the closer. Woo Kyu-min has done an admirable job in Oh's absence, recording four saves and posting a 3.86 ERA over 9 1/3 innings. The Lions have the second-lowest bullpen ERA in the league with 4.50, and opponents have slugged .379 against their bullpen, the best mark in the KBO.
He pitched in some spring training games with the Lions this year, but his last competitive game came with the Rockies on May 30 last year. He went on the 10-day injured list on June 10 with a left abdominal strain and then was ruled out for the season on July 16 with a right elbow injury.
Oh returned to South Korea in August to undergo an operation.
He spent a big chunk of his 72-game ban rehabbing the elbow. (Yonhap)
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Latvian Gambling Industry to Resume Operations on June 9 – European Gaming Industry News
Posted: at 10:42 pm
Reading Time: 2 minutes
With the lift of travel restrictions, the 3rd edition of the MARE BALTICUM Gaming Summit is the first live conference in the industry after travel restrictions are being lifted.
We are excited to announce that Golden Race is going to be among sponsors of the live edition of MARE BALTICUM Gaming Summit and BSG Awards, which is going ahead as planned and will be held on the 6th of August in Tallinn at Radisson Blu Hotel Olmpia Tallinn.
Golden Race joins a huge lineup of sponsors at the conference and in order to secure your seat, make sure to book in advance and choose one of the packages which include either delegate pass or delegate pass and accommodation combo (VIP Package)!
Golden Race is a young, dynamic company born in the field of sports betting in 2006 with the successful launch of dog racing and over 8,000 licenses sold. From this extremely successful first product launch, Golden Race invested in developing many new products based on virtual betting events.
The company is on a global expansion course allowing its customers to share in building an international network.
To ensure that they continue being a leading provider of software solutions for virtual sports and gaming, they strive daily to improve their products and create new, exciting value-added solutions for their partners.
Make sure to book your ticket now in order to avoid disappointment and also book a meeting with their team. The seats are limited and are selling out fast!
Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!
As mentioned in earlier press releases, the conference is going ahead as planned and based on official sources, Estonia has allowed from June 1 for citizens from EU and EEA countries with a slow current spread of COVID-19 to enter the country without the requirement of a 14-day self-isolation period.
As rates of infection change, countries with no quarantine requirement can be added/removed from the list, but at the time of writing, visitors from the following countries can freely enter Estonia without a quarantine requirement: Austria, Bulgaria, the Czech Republic, Croatia, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, the Netherlands, Norway, Poland, Romania, Slovakia, Slovenia, and Switzerland.
Earlier this month, the team also announced the reset of the online voting stage at the Baltic and Scandinavian Gaming Awards (BSG Awards). Read more here
You can vote for your favorite companies in the Baltic and Nordic region between 1 30 June to help them reach the top 5 and advance to the shortlist. Vote here!
MARE BALTICUM The Baltic and Scandinavian Gaming Summit will once again bring together the leading companies in the Baltic and Scandinavian region for a full day of quality learning and networking with local regulators and industry experts.
You can find more details about the Agenda here or you can register here!
Browse the official event website here: http://www.marebalticumgaming.com
You can view the photo gallery from the inaugural event on the following this link.
Browse the video archives of the panel discussions which were recorded on the 7th of May at the virtual edition of the conference.
For further inquiries about the 2020 live edition of MBGS and BSG Awards (6 August Tallinn, Estonia), speaking/attending/sponsoring options, make sure to send an e-mail to Andrada Bota (B2B Sales Executive at Hipther Agency) or subscribe to the weekly newsletter on thefollowing link.
Visit http://www.marebalticumgaming.com for more details!
For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).
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Latvian Gambling Industry to Resume Operations on June 9 - European Gaming Industry News
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Gambling, Pachinko and the Impact of the COVID-19 | Articles on Izanau – IZANAU
Posted: at 10:42 pm
The historical origins of pachinko are debated, but it is generally believed to be a derivative of the Corinth Game and Bagatelle from Europe and the United States that were imported to Japan between 1912 and 1926. During World War II, specifically the Pacific War, pachinko machines were banned, and the metal used for the machines were used to compensate for the lack of metal.
After the war, Takeichi Masamura, known as the god of pachinko invented the Masamura Gauge, which is the basis for modern day pachinko machines. It introduced a complex maze of pins that the ball had to navigate, adding a new level of surprise and uncertainty. This led to the first Pachinko Boom in the 1950s, as the renpatsu shiki (successive shot) mechanism replaced the tanpatsu-shiki (single shot) mechanism. The former ejected balls automatically onto the playing board in a manner similar to today, making the game more fast paced. However, this new mechanism is also believed to have fostered the spirit of gambling.
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Gambling, Pachinko and the Impact of the COVID-19 | Articles on Izanau - IZANAU
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Statistics on online gambling in the UK – London Post
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Gambling is a favourite pastime among many people in the UK, and the market is increasing every year. In this article, we will highlight some of the key statistics on gambling in the UK.
It is no doubt that online gambling is a growing industry in the United Kingdom. According to the latest statistics by the UK Gambling Commission (UKGC), the total gambling market was worth 14.3 billion between October 2018 and September 2019. The statistic shows that online gambling holds the largest share of the market, accounting for 38.60% of the overall sector.
Online casino games such as slots and table games comprise a large part of the Gross Gambling Yield (GGY) for the year, but other types of gambling increased as well. Online betting, led by football and horse betting, totalled 2.1 billion for the year. Online bingo grew 12.5% to a total of 198.1 million.
In recent years, the UK Gambling Commission has introduced new regulations and measures to combat gambling addiction in the United Kingdom. In April 2020, a ban on credit cards to protect players at risk was implemented on all UKGC licensed gambling sites. Research has shown that 800,000 online gamblers in the UK used a credit card for gambling in 2018, and 22% of these consumers are problem gamblers.
Online casino games are by far the most popular form of gambling in the UK. The same study by the UKGC shows that online slots accounted for 69.3% of the total GGY between October 2018 and September 2019. Roulette was the second most played game with 13.5%, and blackjack accounted for 6.1% of the total revenue. Slots and table games are the most common games at TeleVega casino, where gamblers play modern video slots from a wide range of game providers, as well as live casino games with real dealers. When it comes to betting on sports, the five most popular sports among bettors were horse racing, football, boxing, tennis and golf.
According to the statistics portal Statista, people in the age group of 25 34 years are most active at online casinos. 23.1% of people in this age group gamble online on a monthly basis. 22.7% of people in the age group of 55 64 gamble, and the percentage is 22% for people between the age of 35 54. The same Statista survey shows that social media and television are the most used platforms for casinos to reach their core audience.
Despite stricter regulations and new rules by the UKGC, the online gambling industry in the UK is growing. The commission currently oversees 3,641 gambling licenses held by 2,652 gaming operators. Although this is a small decrease from previous periods, new companies are seeking to offer their gambling products in the UK market.
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Global Online Gambling Market Share 2020 Industry Size, Types and Application, Regions, Manufacturers and Growth Opportunities by 2025 – 3rd Watch…
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Adroit Market Research presents an updated and latest study on Online Gambling Market 2019-2025. The report comprises market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Top Key Players are profiled with global positioning:
Williamhill, Bet365, PP+B, Betsson, Ladbrokes, Amaya, GVC Holdings, 888 holdings, Skybetting & gamimg and Unibet(Kindred Group)
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The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2025. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report contains a thorough summary of Online Gambling Market that includes several well-known organizations, key market players who are leading in terms of sales, variable market change, revenue, end-user demands, conformity through trustworthy services, restricted elements, products and other processes. Technical advancements, surplus capacity in developing markets, market bifurcation, globalization, regulations and environmental guidelines, production and packaging are some trends that are explained in the market report.
Read complete report with TOC at: https://www.adroitmarketresearch.com/industry-reports/online-gambling-market
Global Online Gambling market is segmented based by type, application and region.
Based on Type, the market has been segmented into:
by Type (Sports Betting, Casinos, Poker, Bingo and Others) by Device (Mobile and Desktop)
The given information in the newly issued Online Gambling Market report has been studied widely and also evaluated to offer statistical insights about the leading industry players and meanwhile, their contribution in the Online Gambling Market. The report utilizes a series of analytical tools including Porters five forces analysis, Online Gambling Market SWOT analysis, feasibility study as well as the survey of the investment return that is accountable to inspect the Online Gambling Market growth of the major manufacturers operating in the certain industry.
What pointers are covered in the Online Gambling Market research study?1. The Online Gambling Market report Elucidated with regards to the regional landscape of the industry:2. The geographical reach of the Online Gambling Market has been meticulously segmented into United States, China, Europe, Japan, Southeast Asia & India, according to the report.3. The research enumerates the consumption market share of every region in minute detail, in conjunction with the production market share and revenue.4. Also, the report is inclusive of the growth rate that each region is projected to register over the estimated period.5. The Online Gambling Market report Elucidated with regards to the competitive landscape of the industry.
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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