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Category Archives: Online Casino

6 Ways to be Successful Playing Casino Games – Inventiva

Posted: November 29, 2020 at 6:02 am

With the right game and the right strategy, you can win big on casino games. Here are six ways to be successful playing casino games, which can be used at brick-and-mortar and online casinos which have revolutionised the gambling world, providing fun, accessible and easy ways to try your luck. Inside knowledge and your own experiences will have you beat the banker. Here is how to get started:

One of the ways to be successful when playing casino games is to concentrate your efforts on just one or two games that you enjoy and learn all about them. This means understanding the rules, using demo sites online to practice without losing any money until you are confident that your strategy improves your chances of winning. This tip works with all casino games, whether slots or traditional card games.

Work out your strategy for each game by playing the perfect basic strategy, which helps reduce the house edge. Some of the top online casinos offer demo sites where you can practice your strategy which will increase your chances of a win and help you lose less overall.

Reduce the house edge by using strategy cards and charts for Blackjack which are available online. Video poker machines offer the best pay charts in the casino and using a strategy card can help you play for much longer on the same bankroll.

During the come out roll, you can bet on the pass or dont pass line until a point is set, which is when you can place a special wager called an odds bet, which the casino does not like as the house edge is zero, but should place odds bets whenever you have the opportunity.

Always bet on the banker because this offers the lowest house edge, usually just over one per cent, and is the only strategy decision you can make at the table to help you.

With the highest house edges, slot machines are one of the least successful games for a punter at a casino. If you have to play at all (and the suggestion is that you do not) is to slow down your play to make your bankroll last longer.

To win at Texas Hold em, play fewer hands. The better starting hand wins more often than the other hand in the long run. Just 12 hands should enter the pot, a list of which can be found online, and whilst the number of hands played is less, the chances of winning are higher. Also, by playing fewer hands you can focus on improving your game in other ways, like position and post flop play.

A strategy is unlikely to change the long-term outcome since the house edge is the same. However, be sure to only play on roulette wheels with only a single zero space, which has a house edge of 2.7 per cent, whilst double zero wheels have a house edge of 5.2 per cent. This means you can play twice as long on a single zero wheel on the same bankroll.

Online casinos regularly post offers, promotions and even gifts to potential VIP bettors. These are offered as an enticement to play their casino slot games and table games. Finding the best online casino with the best promotions offers you the chance to aim for a jackpot win with their promotions.

Despite movie depictions, most professional poker players, whether playing Texas Hold em, 7 card stud or Omaha do not bluff all the time. Professionals only bluff occasionally. Bluff less often than you do now and you can often make more money.

An unusual strategy is to place your entire bankroll for that day on a bet that is close to 50 / 50 at the start of the day. If you win, pocket the original wager and play the rest at the casino. You could find a single zero roulette wheel and place a USD100 bet on red or black or even or odd. If there is a win, put USD100 back in your pocket and gamble with the USD100 won.

Tournaments offer the chance to win big, you simply pay an entrance fee and play well in order to win a payout. Tournaments are not just restricted to poker but include slots, blackjack and video poker. Placing high enough can give you a win that will pay out higher than any regular casino table game or slots. Whilst payout structures vary, the largest tournaments can pay out millions.

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Pragmatic Play Journeys To The Wild West With New Release – Online Casino Reports

Posted: at 6:02 am

Published November 28, 2020 by Sol FH

Pragmatic Play is set for a showdown as its new release, Cowboys Gold hits online casinos everywhere.

Pragmatic Play is one of the leading content providers in the iGaming industry, and its new release is a real western adventure. Cowboys Gold, the newest 3x5 video slot will keep players on their toes and ready to draw their six-shooters against a band of outlaws and the Renegade. The game features well-known western symbols including the Sheriff, who acts as Wilds, and, the Renegade, who can trigger the unique Money Collect feature. If you start the Money Collect feature and you land on a Cowboy with any value, you'll get those credits, instantly.

There are also skull-faced outlaws that will trigger the Spins mode if three or more are hit. The outlaws may have a multiplier attached to them. The Renegade plays an even bigger role in the game and if he lands on the 5th reel, any outlaws of value on the reels will be collected by the player. He is also a Bonus symbol in the main game and in the bonus round. If players hit three bonus symbols or a Bonus and a Renagade hit on the same spin then even more respins can be triggered.

The game is a part of the popular Megaways titles, which have become fan favorites.

Lena Yasir, Vice President at Pragmatic Play, commented: Cowboys Goldtakes players to the Wild West in search of big wins in a thrilling addition to our Gold range of titles. With the Renegade playing an important role, hell soon become a players best friend, while the increasing multiplier in Free Spins means any spin could turn into a lucrative win.

Creating games that appeal to a wide variety of players is important to us and were very proud of our intense roadmap which delivers high-quality content on a weekly basis.

About Pragmatic Play

Pragmatic Play is an award-winning provider of the iGaming industry. The developer currently has well over 200 HTML5 games in its portfolio and releases up to 5 new games per month.

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Industry lines up in opposition to Swedish casino controls – iGaming Business

Posted: at 6:02 am

The Swedish governments consultation on a proposal to extend a series of restrictions for online casino into 2021 has provoked yet more industry calls for ministers to scrap the plans.

The general consensus, from responses gathered by operator association Branscheforenigen fr Onlinespel (BOS), was that the SEK5,000 (438.55/491.94/$585.71) deposit cap for online casino in place since 2 July has prompted gamblers to spread their play across multiple operators.

Minister for Social Security Ardalan Shekarabi announced earlier this month that the government aimed to keep the deposit cap, an SEK100 limit on bonuses and mandatory session time limits in place until June next year.

The countrys gambling regulator Spelinspektionen has already pointed out that it is impossible to enforce the cap across all licensees, meaning when a player hits the SEK5,000 limit at one provider, they can shift to another brand.

This, Hero Gaming pointed out, meant that operators no longer had as clear a view of player activity as they did before the cap was enforced.

[We] would like to emphasise in particular that the measures impair player protection efforts, as it leads to players registering with more licensees, or playing outside the licence system, and not being caught by operators safety nets.

The result of continued restrictions that mean that licensees no longer have the opportunity to track game patterns, [which achieves] exactly the opposite of helping players.

Videoslots, meanwhile, argued that the duty of care included in the Swedish Gambling Act when it was passed by parliament meant that the industry was already required to ensure players were protected from harm.

By introducing the cap, the processes developed to fulfil this duty of care were being severely hampered by players spreading their deposits across a larger number of licensees.

The governments blunt ax is now reducing the effect of the surgical approach chosen by the Riksdag, it said.

William Hill made the same point while also emphasising the impact spending limits were having on channelling efforts. It said that before the SEK5,000 cap was enforced, licensed online casino providers only captured between 72% and 78% of all players, according to Copenhagen Economics.

It should be obvious, William Hill said, that the degree of channelling would since worsened.

LeoVegas, meanwhile, suggested the government turn its attention from restricting the legal market, to targeting offshore operators. It recommends Spelinspektionen immediately begin issuing warnings to unlicensed businesses and initiating payment blocking efforts, supported by a disclosure obligation to ensure banks cooperate.

It said the Swedish Gambling Act should then be amended to introduce licensing for platform providers, games developers, affiliates and payment intermediaries.

The government, LeoVegas continued, should go further, and explore the possibility of IP blocking, and work with the Swedish tax authorities to prioritise cases where players have won significant sums with offshore operators.

The provision restricting licensees to offering a single bonus upon sign-up should also be removed, it continued, to help the regulated market attract players away from these illegal businesses.

Bonusing, which is restricted to SEK100 under the temporary controls, was also highlighted as a key sticking point by sports betting affiliate Bettamore. Its founder Oskar Lejonberg said that this cap had reduced his monthly turnover from SEK500,000 to zero.

While the business had been able to survive the autumn, an extension to the controls would force him to shut it down, he said.

The restriction on bonusing made no sense, Lejonberg pointed out, as it was limited to new players upon sign-up, meaning that the cap would not actually have any impact on problem gamblers.

Furthermore, he added, the SEK5,000 deposit cap would have little effect even if it did not affect his business directly as it was too high. With around 20 companies listed on his site, Lejonberg said that addicts could easily lose SEK100,000 a week by shifting activity from operator to operator.

The latest responses continue an overwhelmingly negative reaction from the industry to the extension. Kindred Group argued that it totally contradicted the goals of the Gambling Act, and would only serve to benefit the offshore market.

BOS, meanwhile, pointed out that there had been no change in circumstances to justify the extension, also suggesting that problem gamblers may shift most if not all activity to unlicensed sites.

Speinspektionen, on the other hand, has come out in favour of the proposal. It argued the opposite of BOS that the circumstances that necessitated the restrictions in the first place were still in place and concluded that keeping the measures in place to June 2021 was justified.

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How Online Casinos Broaden their Reach Amidst the Pandemic – TimesOfCasino

Posted: at 6:02 am

Anyone following the latest news updates of the gambling industry should know that the online casinos are reaching their apex amidst the COVID-19 pandemic, and the reasons are manifold. Post the COVID-19 pandemic, most brick and mortar casinos were shut down, which urged countries to legalize sports betting and online casinos to prevent the casino industry from drying up. Here are the reasons why online casinos are growing at such a rapid rate amidst pandemic warnings.

With the prices of smartphones reducing rapidly, everyone has one these days. The internet cost has also reduced massively, and there are plenty of casino apps available that do not need high-end phones to run the applications. Therefore, even if people cannot afford high-end smartphones, they can sit and participate in online games on their phones.

As more and more new players are signing up on the online gambling sites, these sites offer lucrative promotional offers to maintain their web traffic. Online casinos are also adding up more exciting games along with casino bonus to retain the players. Some online casinos also allow players to play slot games or table games for cash prices, which double the excitement of gambling enthusiasts.

Developers are offering more mobile content with more exciting features to fall for. For example, the old classic slots are outdated nowadays, and now slot games have different storylines. There are over six reels and more than 2000 pay lines with other exciting features in slot games. Online casinos are attracting customers with attractive layouts and designs of the casino sites.

Therefore, as compared to land-based casinos, online casinos are convenient and easily navigable due to any dealers absence; the respective casino gaming software operates online casinos. They are safe with plenty of gaming options and promotional offers. Online casino games keep players entertained while maximizing their playing conveniences and value-for-money. One such example of this is the recent relaunch of the classic game, Divine Fortune MegaWays by NetEnt. (Read more about the game further down)

Online casinos provide a safety level that allows gamblers to meet their gambling enthusiasm by not being in crowds, thereby easily maintaining social distancing. This is not possible in physical casinos, and therefore most of the gamblers are now switching to online casinos henceforth.

COVID pandemic has left people stranded at home with practically nothing to do at home. People are utterly bored now after 6-7 months of continuously being at home. Casinos are a great way to kill time and boredom. As a result, more and more new players register to online casino sites; site owners have reported getting a 10 to 15% surge in the new registrations. Though there are plenty of free-to-play options available in most online casino sites, people opt for real-money bets to add to their excitement.

Some online gambling sites allow people to interact with each other while placing bets to feel a physical casinos vibe. However, in online games, people generally prefer to play in anonymity. Still, it is sometimes quite common for friends and colleagues to sign up on the same platform and switch on their webcams to interact throughout the gaming sessions.

NetEnt, the premium online gaming solutions provider, has come again with the biggest surprise of the year. It has revamped and redesigned one of its most popular slot games named Divine Fortune, released in 2017. The new slot game is called Divine Fortune MegaWays. The thrilling addition of MegaWays mechanics in the latest version of the game is expected to create more excitement among the players.

The new version will have six golden reels slot engines with the same Greek mythological beingsMedusa, Manticore, Pegasus, and other mythical beings. There will also be those glittering coins as in the original game, but this time, it will be loaded with 117,649 Megaways, and the maximum win will be 4502x. The new version, Divine Fortune Megaways, will have the same features as Wild-on-Wild Expansion, Falling Wilds Re-Spins, and some Free Spins feature with three collectible bonus symbols with an extra 500x bonus.

However, the progressive jackpot feature has been omitted from the MegaWays version. The MegaWays mechanics will be having its volatility reduced to medium with a new RTP of 96.09%. How the latest version of the game manages to attract new players is yet to see.

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New Trends of Online Casino Market with Worldwide Industry Analysis to 2026 – Cheshire Media

Posted: at 6:02 am

Worldwide Market Reports offers the latest published report on Global Online Casino Marketanalysis and forecast 20202027 delivering key insights and providing a competitive advantage to clients through a detailed report. This is the latest report, covering the current COVID-19 impact on the market. Report Consultant has introduced a new report titled Online Casino Market Research Report into its database thats shaped by the means of primary and secondary research processes.

It offers a comprehensive description to the reader concerning the advantages and disadvantages of the present market situation. Online Casino Marketreport includes a survey, which explainsvalue chain structure, industrial outlook, regional analysis, applications, market size, share, and forecast. The Online Casino market provides an overall analysis of the market based ontypes, applications, regional analysis, and for the forecast period from 2020 to 2026.

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The reports also include investment opportunities and probable threats in the market based on an intelligent analysis. This report focuses on the Online Casino Market trends,future forecasts, growth opportunities, key end-user industries, and market-leading players. The objectives of the study are to present the key developments of the market across the globe. The report presents a360-degree overviewandSWOT analysisof the competitive landscape of the industries.

This report focuses on the top players in the global market, likeNCR Corporation, Diebold, Incorporated, Wincor Nixdorf Aktiengesellschaft, HITACHI Ltd., Hyosung

Competitive Landscape:

A competitive landscape of the Online Casino Market has been presented by examining numerous leading companies functioning across the leading global regions. Moreover, it sheds light on various attributes such as company overview, contact information, product/services overview, financial overview, marketing methodologies, and distribution channels.

Regional Segmentation (Value; Revenue, USD Million, 2020 2027) of Online Casino Market:

The key regions analyzed in this study include North America, Europe, Japan, China, India, Korea, South East Asia, South America, Middle East, and African countries. The leading players of Online Casino Market and their geographical presence across the globe are estimated based on production capacity, utilization ratio, consumer base, demand and supply scenario, profit margin, and Online Casino marketers.

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The scope of the report extends from market scenarios to price comparisons between key players, costs, and benefits in specific market regions. Numerical data is backed up with statistical tools such asSWOT analysis, BCG matrix, SCOT analysis, and PESTLE analysis. Statistics are presented in graphical format for a clear understanding of facts and figures.

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Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun.

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Push Gaming We’re a true believer in quality over quantity – Casino Beats

Posted: at 6:02 am

Fiona Hickey, head of sales at Push Gaming.

The momentum has continued to build throughout a hectic 2020 for Push Gaming, as demand for online content surged amid ongoing lockdowns in various corners of the globe.

Alongside the digital race that has encapsulated much of the year comes a constant push for expansion among igaming suppliers, with a large number of regions catching the eye of many.

Here,Fiona Hickey, head of sales at Push Gaming, provides an outlook on the online casino content developers consistent growth, which markets will dictate the industrys future direction and the impact of the pandemic on slots suppliers.

CasinoBeats: Talk us through Push Gamings commercial journey over recent years, what growing regulated markets have been particularly key?

Fiona Hickey:Push Gamings core focus in recent years has always been towards regulated markets. Europe has obviously been the crux of this approach and building strong relationships with the likes of the MGA and the UKGC has allowed us to flourish in their covered markets, and with more deals to announce in the coming months in the region, theres plenty more potential to tap into.

The UK has sustained a regular spot in our top ten markets in recent years, and weve been laser-focused on signing deals with a number of the countrys tier ones. Tied in with our efforts to tailor content to the territory, we have now seen it propel rapidly into our top five performing countries.

Our partnerships with the likes of Rank Group, William Hill, and most recently Gamesys, are testament to this, and its looking likely to be our top performing market sooner rather than later.

Sweden has also been a major focus for us, and with some of the worlds most discerning players, weve certainly enjoyed taking on the challenge! The same goes for Norway, and weve seen considerable action there since recently integrating with Norsk Tipping.

Unfortunately we see many suppliers looking to apply a one size fits all approach

CB: Looking back whats been integral to Push Gamings expansion and are there any lessons you can share from the commercial side?

FH: Were a true believer in quality over quantity so its our policy to work alongside other brands that resonate with our values of putting the player first. As a sales team, were also careful about who we integrate with to ensure we have full control over our content, and were happy to take time over these deals and partnerships in order for it to be a mutually beneficial partnership in the long term.

Unfortunately we see many suppliers looking to apply a one size fits all approach, which simply isnt our style were an entertainment company at heart and we want to make sure our games can stand the test of time.

After all, what works for some deals doesnt necessarily work for all and its important that you look to operator demographics and jurisdictions to see if thats a good fit for your brand and content. For us, it is crucial that our partnerships also give importance to the player, both in terms of safety, and premium quality entertainment.

Ultimately, its important to arrange your commercial deals by striking a balance between direct integrations and complementary third-party ones. This is cost-effective, allowing you to reach the widest audience possible while still providing the necessary level of control over your product.

CB: Looking ahead what markets are going to dictate the industrys direction over the coming years?

FH: Everyones talking about the US, and with good reason, but we need to remember its a vast set of individual markets and requires a supremely tailored approach. Thats exactly what were here to deliver, and with the right planning and partnerships, Im looking forward to making sure we have the strategy in place to really make our mark.

Theres a fine balancing act to be done when approaching the US and Europe

More importantly, however, is to make sure our focus isnt limited to one set of markets and there are plenty of other opportunities on the global stage that well be devoting our attention to.

Japan for example, has demonstrated its own significant potential as an already-established market that may also look towards becoming regulated, alongside other jurisdictions that can offer particularly high growth in the coming years, such as India and New Zealand.

Closer to home, Germany is also exciting for us. Having ensured our content meets the current standards of the market, as well as being close to ensuring its future-proofed against further regulatory moves too, were well set to move faster into the country as regulation completes.

CB: In your professional view, where do you feel will offer both consistent growth and a regulated framework?

FH:Theres a fine balancing act to be done when approaching the US and Europe as growth regions. Both still have massive untapped potential with the right regulatory frameworks in place, and well need to manage that as we look to push into maturing states.

The US is taking the headlines, but we must not neglect Europe and should continue delivering the best in gaming experiences to players in those countries which have slipped down the pecking order in recent years.

Some regulated markets, such as Spain and Italy, still offer us much in terms of commercial potential, and will be forming part of our plans and upcoming strategy in the coming months.

Engagement levels have been very strong during the pandemic

Latin America is also a market too big to ignore considering its ongoing regulatory developments. Colombia and Argentina have come a long way in a short time, taking learnings from other legislative bodies along the way, and thats something which I think similar organisations can do more of the world round.

CB: How much is the pandemic going to impact slot suppliers?

FH:Engagement levels have been very strong during the pandemic, with lockdowns driving a real demand for content that is not only safe and fun, but also enjoyable to spend extended sessions with. For an entertainment-first supplier such as ourselves, its certainly meant that weve had a great chance to really connect with our players and work out whats proving popular in a responsible gaming environment.

For us as an organisation, working remotely has been fairly straightforward, but there are certain aspects of our day-to-day lives that are always benefitted by face to face interaction.

Certain creative tasks can be trickier to channel although weve made good use of the last few months to make sure that doesnt get in our way! As head of sales, I can certainly also say that nothing can replace the in-person interaction that comes with hashing out the specifics of a business deal, so Im looking forward to that returning.

Weve also learnt to be flexible and are ready for more lockdown waves wherever they may be. That said, we must double down on our creative spirit to ensure this industry continues to remain competitive with an increasingly saturated entertainment space and we look forward to ensuring we stay on top.

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Bitcasino.io Review: Are they really fun, fast and fair? – CryptoGlobe

Posted: at 6:01 am

Bitcasino.io is the worlds first Bitcoin-licensed (and operated) online casino that supports a host of cryptocurrencies. Right now, they support Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Tether (USDT) and Tron (TRX). That means wagering, winnings, deposits and bonuses are all done in cryptocurrency. Signing up to Bitcasino is easy and can be done in a few seconds. Simply click on Register and pick a username for yourself.

Start playing and winning today with 100 Free Spins.

Yes, Bitcasino is licensed and regulated by the Government of Curaao under the gaming license 1668/JAZ. In addition, as Bitcoin and other cryptocurrencies are run on the blockchain, this enhances safety as well as transparency of the casino.

As a legit online casino, Bitcasino encourages responsible gambling and has a self-exclusion process as part of their social responsibility. Anonymity is another aspect that Bitcasino offers. All their games are regularly monitored to safeguard your personal information, and the site is further secured by the casinos use of blockchain technology.

In addition, a websites ultimate mark of transparency and legitimacy, especially for gaming websites, is its use of SSL encryption. Bitcasino is SSL-protected and has its casino license clearly on display, all of which makes one feel that they are indeed a legitimate online casino.

Bitcasino has updated their rewards section and they do it a little differently compared to other online casinos. Instead of deposit bonuses, they offer bonuses/rewards through regular promotions and tournaments. All of these are listed on their Promo and Tournaments pages, and any rewards you earn come with no wagering requirements.

They also have an in-house Loyalty Club where you can be rewarded for playing your favourite games and get up to 10% cashback. There are different loyalty levels for you to reach, along with different milestone rewards that are tailored to your gameplay.

While Bitcasino has over 2,000 slot games, its worthy to note that they have an impressive selection of table games as well as live dealer games such as Roulette, Blackjack and Baccarat. For those who want to up the thrill and ante, their high stakes Bombay Club VIP casino is said to give you the thrilling, high-end live casino experience you seek.

Their wagering requirements are lower compared to other online casinos, one of the reasons that make it the best Bitcoin casino to play at. In addition, if youre just starting out, you can play their online casino games for free, with the exception of live dealer games. All you have to do is select the fun mode option on their slot games or table games and youll get to try your hand without any wagering.

Bitcasino offers customer support around the clock in multiple languages. Apart from English, their customer service agents can help you in nine other languages: Japanese, German, French, Portuguese, Russian, Chinese, Spanish, Thai and Korean. You can also customize their website to these languages.

Their support is truly world-class as you can get answers to your questions instantly at any time through their 24/7 live chat. Theres also a Help Center where you can access popular FAQs, along with an email contact form for you to contact them.

100 Free Spins await you at Bitcasino.

Deposits and withdrawals at Bitcasino are well known for being fast and easy compared to other online casinos.

Deposits can be done in two ways, either by using your phone to scan a QR code or copying and pasting a cryptocurrency address into the wallet you have. For Bitcoin, theres also the option of buying it online through their website using BTCXE.

Similar to deposits, withdrawals are quick and simple. Simply copy and paste your wallet address, choose the amount youd like to take out and click withdraw.

With over 2,000 slots alongside table games and live dealer casino games as well as fast payouts and no wagering requirements on winnings, its clear that Bitcasino tries their best to live up to their motto of Fun, Fast and Fair.

Sign up today and claim 100 Free Spins.

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DraftKings and Penn National Will Grab Big Share of Online Wager Market, Analyst Says – Barron’s

Posted: November 22, 2020 at 9:51 pm

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Sports betting and online gaming could eventually become a $40 billion business as more people take to their phones to wager on their favorite sports teams and play online casino and fantasy games, according to one analyst at Piper Sandler.

Already in New Jersey, one of the most mature sports betting markets outside Nevada, sports betting generated $300 million in revenue for fiscal 2019, 82% of it online, according to Piper Sander analyst Yung Kim.

The analyst initiated coverage of Penn National (ticker: PENN) with an $84 price target and DraftKings (DKNG) with a $58 price target, giving them both Overweight ratings.

Shares of Penn National fell 0.16% on Friday but are up more than 175% this year. DraftKings fell 3% but are up 349% for the year. The S&P 500 is up 10.5%.

Just days ago Loop Capital Markets analyst Daniel Adam started coverage of DraftKings with a Buy rating and a $100 price target. The stock currently trades around $48. He estimated the potential online sports betting and igaming market could get to around $30 billion, versus current expectations of $20 billion.

DraftKings raised its 2020 outlook this month, saying it expected record revenue in a range of $540 million to $560 million for the year, which is up from $500 million to $540 million. It expects 2021 revenue in a range of $750 million to $850 million.

The Piper analyst said DraftKings fantasy sports offering has helped it build a brand that can gather a significant share of the market.

We look for DraftKings to transition the >4M paying users in its database of daily fantasy sports players to both sports betting and igaming, Kim said.

Nevada, the U.S. gambling epicenter, handled $5.3 billion in sports bets last year, according to legalsportsbetting.com, but legal sportsbooks have spread to other states in the past few years after a 2018 Supreme Court decision allowing it.

There are 25 states and the District of Columbia that allow legal sports betting but only 15 states (and D.C.) have online options. Pipers Kim says the online sports betting market could grow to $11 billion from $3 billion now, with 65% of the U.S. population using legal mobile betting apps.

The online gaming market could also explode to about $7 billion, Kim said.

There are three levers here: percentage of U.S. population living in a state with legal sports betting and/or igaming, average revenue per person in the state and market share attained by competitors, the Piper Sandler analyst said in a note.

Penn National took a sizable stake in Barstool Sports earlier this year and announced earlier this month it was opening its first retail Barstool sportsbook at the Ameristar Casino Resort Spa Black Hawk near Denver.

Pipers Kim said Penn could find new sources of revenue through Barstool, which has 66 million monthly users and officially rolled out its Pennsylvania sportsbook app in September, with 60,000 downloads. We view the early results as a strong start, Kim said.

Write to Liz Moyer at liz.moyer@barrons.com

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Affordability Thresholds to be Lowered to Pragmatic Levels in New UKGC Review – Online Casino Reports

Posted: at 9:51 pm

Published November 22, 2020 by Lee R

The perceived stringency of the new review is a solution to longer term harsh measures direct from Parliament.

The affordability of gambling in the UK is the latest initiative for which the UK Gambling Commission UKGC is seeking stakeholder consultation.

Participants

The 10-week consultation is set to welcome both industry members and consumer feedback on regulatory reform.

Affordability Threshold

The key initiative under consideration is a new 100 ($130) per month affordability threshold for all UK customers.

Long Term Solution

The Commission seeks to introduce new regulation ahead of impending Parliamentary review of the Gambling Act of 2005 currently governing play as a greater solution for avoiding more intense long-term Parliamentary restrictions.

Previous Consultation Benefits

An earlier similar consultation into VIP betting in the UK resulted in the establishment by the UKGC of a series of required checks before an operator makes a customer a VIP--including origin of funds; occupation and identity verification, with operators further called upon to assign a senior executive with personal responsibility for ensuring customer safety in VIP schemes.

Protecting Consumer Spend

The new requirements under review are designed to inform the new UKGC thresholds which will serve affordability measures to protect vulnerable players from gambling too much of their money.

Time Limits to be Discussed

Other key protections to be discussed in the coming review include the mandatory time limit for gambling after which customers will be alerted.

UKGC Position

While acknowledging operator efforts for customer protection, the UKGC is calling for new restrictions to bring the whole industry into line.

In a prepared statement, UKGC executive director Tim Miller said of customer interaction processes:

We are clear on the need for gambling companies to take further action and that the Commission must set firm requirements to set consistent standards.

UKGC's New Data

Current consultation documents published by the Daily Telegraph last week indicate UKGC's characterisation of thresholds of tens of thousands of pounds ineffective in combating gambling-related harm' while calling a 2,000 limit neither realistic nor appropriate.

Upon further review of evidence-based research, the documents revealed that the Commission is leaning towards loss limits as low as 100 per calendar month to launch the interventions under discussion.

Outlook

The use of data to inform legal restrictions looks like the key component that can inform UKGC policy and legitimize what might other seem like harsh restrictions for operators.

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Affordability Thresholds to be Lowered to Pragmatic Levels in New UKGC Review - Online Casino Reports

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New trends emerging in the casino slots industry – KnowTechie

Posted: at 9:51 pm

The casino industry stood still for a long time. In regards to slots, there werent that many changes or new things. However, it was apparent that the number of players has diminished over time. This was the trend until slots and casinos moved online.

Online casinos brought a lot of new things to players. This impacted some significant shifts in the casino slots industry. In fact, the growing number of new slots, varieties, different play styles, themes, and overall innovation has brought in a lot of new players.

Ultimately, the online slots industry became larger than traditional casinos that havent offered anything new in ages. Here are some of the current trends that are popping out in this industry.

The global casino industry has taken a massive hit with the coronavirus. All industries have been affected by this pandemic and casinos arent immune. In fact, the casino slots industry has suffered a lot. Traditional casinos have been shut down completely in many countries around the world.

This means that they havent had a single player enter their premises. Even after the government regulations have loosened and allowed casinos to operate, the number of players has declined seriously compared to before the pandemic.

Physical locations are declining across the board in countries all over the world. In some cases, its due to measures to contain the virus. In other cases, people simply dont want to go to crowded rooms where they might catch the virus from someone else.

While physical casinos are struggling yet again, online casinos are getting more players than ever. People are spending more time in their homes, and they have the time to play their favorite games. At the same time, players that liked going to casinos have switched to online options.

A report by Optimove says that online casinos have 43% more Poker players on a daily basis since the pandemic has started. But this is just one game.

In reality, online casinos have seen a gradual increase in players but this further shows how strong the online casino industry is. At the same time, online casinos like Caesars Slots report a rapid growth of first-time players.

One of the reasons why online casinos have beaten traditional brick-and-mortar casinos is the industrys constant effort for growth and innovation. Luckily, these digital transformations havent stopped even during the coronavirus pandemic.

One of the latest trends in the industry is the implementation of blockchain technology in online casinos. Online casinos can move their financial documents to blockchain ledgers that can be accessed by their partners or people working for the casino.

This makes their finance management a lot easier. At the same time, blockchain guarantees security and stable transactions. Also, casinos are starting to use blockchain smart contracts to verify transactions and make every players account transparent.

In the end, casinos adopt blockchain to allow players to pay with and withdraw digital currencies, including Bitcoin, Ethereum, Dogecoin, and so on.

AR is quickly becoming mainstream technology. Its been widely adopted for video games, and now its entering the casino games industry. This technology has the potential to make casino games even more exciting and realistic. AR will bring that immersiveness to online casino players.

Simply put, it has the potential to bring all of the benefits of the traditional casino experience into online casinos. For example, when playing games like bingo, players will be able to see each other, communicate, and feel like they are sitting with each other.

All of this from the comfort of their home! At the same time, the implementation of this technology will probably bring new and innovative casino games with better graphics, animations, effects, and a unique playing style.

If you want to learn more about the development of the online casino industry, read: http://www.bullz-eye.com/2020/03/17/the-amazing-development-of-online-gambling/.

Even though online casinos have only been around for two decades, they are constantly innovating and introducing new features. Virtual reality is a brand new technology thats only starting to find its way in various industries. Even so, there are already a couple of online casinos that have VR games.

However, as more players start getting VR headsets, the amount of VR support casinos offer will also grow exponentially. This gives the potential for creative casino settings, a themed atmosphere, and fun gaming experiences.

As you can see, the online casino industry isnt lagging behind in any way. There are constantly new things coming out. This is why so many players around the globe enjoy these games. We cant wait and see how the industry will look in the next five years.

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to ourTwitterorFacebook.

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New trends emerging in the casino slots industry - KnowTechie

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