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Category Archives: Online Gambling
Things should you know about gambling laws and the gambling scene in Latvia? – Baltic Times
Posted: September 7, 2022 at 5:43 pm
The Gambling and Lotteries Law of 2005 created a framework for all gambling operators, be it land-based or online, so the operators can legally do business in Latvia. This paved way for licensing process, and the documents that the operators need to complete to operate a casino in Latvia. Land-based gambling was legal even before 1998 when the Law on Gambling and Lotteries was passed by the parliament. Online gambling is legal in Latvia since 2006. Unlike many post-Soviet countries, Latvia never imposed strict restrictions on casinos and sportsbooks. You can find some of the best casino bonuses at the popular Latvian casinos like Kazino 777, William Hill Latvija, Olybet, Vulkan Vegas, and Nomini.
Slot halls are also legal in the country. In fact, the Latvian gambling sector is dominated by slots. The majority of gambling venues in the country are located in the capital city of Riga, including the Royal Casino Spa & Resort Hotel, the largest casino in the country. The citys Olympic Voodoo casino is the countrys poker hub, and is popular for hosting tournaments on a regular basis. Riga also hosted the Russian Poker Tour in 2010 and 2011 at the Royal Casino. The city had hosted Eureka Poker a few years earlier.
Gambling in Latvia is regulated by the Lotteries and Gambling Supervisory Authority, as well as the State Revenue Service and the police, as per the laid down procedures for different regulators. Gambling activities can be provided only by licensed casinos, bingo halls, gaming halls, and betting places. The gaming hall can have 20 gaming machines installed and operated. It is prohibited to install and operate roulette, card and dice game tables outside the casino.
An online gambling operator in Latvia can lawfully provide its services to customers online if it has a valid gambling license. Two types of gambling licenses are provided by the government to operators in Latvia. These are
Full-fledged gambling license: It enables an operator to provide its services both for land-based and online casinos.
Interactive gambling license: The operator having an interactive gambling license is allowed to provide only online services.
There is a separate license for the specific operators of live dealer studios located in the country. Currently, 13 operators are licensed to offer igaming to the players in Latvia. Latvian Government has licensed some European internet gaming sites to operate within the country.
Additionally, special permits can be obtained both by Latvian citizens and foreign nationals for operating gambling activities related to lotteries, gaming machines, casinos, and sportsbooks. In comparison to other European Union (EU) countries, the cost of obtaining a Latvian license to operate a casino in the country is relatively low. The gambling business must also obtain eCOGRA certification to confirm the fairness of its gambling software.
Online gambling activities
All online gambling is covered by the interactive gambling category, and permitted with an interactive gambling license. The only exception is online lottery which is covered by Latvijas Loto. Latvian gambling laws do not differentiate between the games of chance and skill, and games of pure luck. That way, online poker is also included in the interactive gambling category. Other online casino games popular in Latvia include blackjack, baccarat, progressive jackpot slots, and live dealer games.
It is permitted to organize slot games, slots, wagering, bingo, and games of chance electronically. Betting through telephone and electronic communication is also accepted. The total value of winnings in interactive roulette (cylindrical games) or card games may not be less than 80 percent of the total bets placed.
Tips for a pleasant gambling experience
For a pleasant gambling experience, follow these tips:
Pick a trusted and licensed operator. It is hard to go wrong with an online or offline casino which is legally licensed to operate in the country.
- Read reviews by the real players. This way, you will be able to know about the experiences of the real players playing in the casino, and any issues they faced.
- Stick to a bankroll that you can afford to spend on entertainment and the games of chance. This will prevent you from making emotional bets or doubling them in an effort to chase the previous losses.
- Study the rules of the games you are playing. This will allow you to know your winning odds, and adjust your bets accordingly.
- Play on the casinos with a high RTP (Return to Player) to maximize your winning odds.
Gambling in Latvia can be fun if you are able to hone your odds-calculation skills. Casino winnings are not taxed if the amount of winnings during the taxation year does not exceed 3,000.
Although Latvia has a liberal gambling environment, there are noticeable exceptions, like blood sports such as chicken fight which are banned as they feature elements of animal cruelty.
The Latvian gambling associations are extremely strict in maintaining the security and safety of all gamblers, and keep all the gambling regulators and the casino platforms updated about the best gambling practices. Moreover, Latvian casinos and gambling industry is growing, and the credit largely goes to liberal government policies and the Control Department.
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Things should you know about gambling laws and the gambling scene in Latvia? - Baltic Times
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ICE Casino Games, Bonuses, and Promotions European Gaming Industry News – European Gaming Industry News
Posted: at 5:43 pm
Reading Time: 3 minutes
Since launching ICE Casino back in 2013, they have never stopped being passionate about their mission to give players top-tier iGaming options.
As a result of the positive response theyve received from players for their commitment to providing a legitimate, honest, and dependable service, theyve chosen to expand internationally, making ice casino the premier destination for online gambling throughout the world.
Despite the evolution, they remain committed to its original goal of being the go-to provider of premium iGaming services. ICE Casino offers its customers the promised benefits.
ICE Casino works with more than two dozen providers to bring you the best possible casino online game assortment. They have hundreds of options in every category, so their online casino games are sure to please you. All of the games are certified fair by eCOGRA, and their source code is encrypted with MD5 hashing. The following types of gambling are available at ICE Casino:
Over 3,500 games fit into this classification. In progressive jackpot games, you have two options: either try to win by assembling winning symbol combinations, or play for the top payout. Simply align the same symbols adjacent to one another. The scope of the slots section necessitated the creation of additional subheadings.
How about some old-school dealer-dealt table games? Play live roulette, poker, blackjack, baccarat, and more from the convenience of your own home for a genuine casino experience.
In this area, ICE Casino offers conventional card and table games. Both traditional and modern twists on these games are available for your testing pleasure. For example, you can say welcome to a new game of Andar Bahar or play baccarat without paying a commission. Among the many games we offer for your table are:
Among the earliest games ever played in casinos, roulette now comes in three distinct forms: American, European, and French. All of these variations, plus some particularly intriguing ones like Maxi Roulette and Roulette La Partage, may be found at ICE Casino.
Games like scratch cards and arcade games that dont fit neatly into any other category but nevertheless offer the thrill of a trip to the casino and the chance to win are included here. This is one of the first places you should go if youre in the mood for something relaxed.
Games like Keno, which are both fun and traditional, fall into this category. We strongly advise you to check it out if youre interested in playing games that are easy to pick up and play while still having the potential to pay out well.
We all know that the best part of playing at an online casino for real money is taking advantage of the bonuses and promotions on offer. Thats why we provide their members, both new and old, bonuses at certain points throughout their journey. The following are examples of the bonuses you may discover at ICE Casino:
ICE Casino gives a bonus on your first five deposits, while most other legit online casinos only offer a bonus on the first. Theyll double your initial deposit up to $120 and throw in 120 bonus spins on Big Bass Bonanza. Each of your first four deposits will earn you a unique bonus. Its possible to win up to $/1,500 and 270 free spins with this package.
When you sign up for ICE Casino, youll also become a member of our reward program. There are 99 tiers in total, and the benefits you receive increase as you progress through the program. One bonus point is awarded for every 10 EUR/USD wagered, and these points may be used to buy more spins or even an entirely new level in the online casino.
There is a weekly reload bonus that can be activated with a deposit of just 10 EUR/USD once you achieve loyalty level 10. You can get a 100% weekly deposit match up to /$200 with this promotion.
At the tenth loyalty tier, youll also be eligible for a weekly cashback benefit. A weekly return of 312% of your losses is now possible thanks to this benefit, which is based on your loyalty level.
More online casino promotions, such as no-deposit bonuses, can be activated by subscribing to their newsletter, reading the updates on the ICE casino website, and making use of exclusive codes/links on our affiliate sites. With their incentives, youll have more money to play with and a better chance of winning.
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US Online Casinos And Trends In 2022 – VideoInk
Posted: at 5:43 pm
As there have been steps toward technological advantages, there are many trends revolving around each industry. The same is the case for the gambling industry, which is subject to numerous transformations. The gaming industry has been mushrooming for a decade, and the 21st century has been more than advantageous.
The modern tinge is coping with the changes and the trends along with technology. For example, the use of digital solutions has been a widening concept. Also, the different games welcome players of all ages, platforms, and countries to try their hand at different games.
As per the forecasts, even though the world was dealing with the growing pandemic in 2020, the casino industrys revenue rose and reached a market value of $227 billion. That precisely shows the craze of casinos. And for obvious reasons, it is here to stay.
So, if you plan to take steps into the casino world, here are some trends you need to know.
It turns out that their minds help you take a comfortable path that makes you win big.
Source: unsplash.com
Cryptocurrency has been making rounds now and then. It has also entered the gambling world and will continue to dominate the industry for some time. Also, there has been a rise in online platforms that have started to accept this form of payment. Many players worldwide are referring to the use of this currency in the form of withdrawals and deposits.
There are other currencies, too, that are propelling in the market. Using such a format helps in maintaining security and anonymity in the transactions that happen at the global level. However, if you dont want to switch to crypto, you should know that some of the best US online casinos, like the ones listed on CasinoUSA.com offer the traditional ways of betting and winning.
Many players might think that crypto has been an introduction of anonymity to the casino world and might find it untraceable owing to its virtual nature. However, the rising access to gambling games in restricted areas is another trend emerging as an edge for new players.
For example, countries like Taiwan have introduced strict regulations and norms. But, recently, there has been a rise in online gaming sites. If people dont want to be a part of physical trading, they can choose to explore the options at online sites. The online presence and demand will expand in the upcoming years. The rising access is working as an immense opportunity that is tapping the under-served markets.
The past trends highlight that casino games have become more realistic. It adds to the relatability quotient, especially for the Gen Z population that is new to the casino world. The onset of computer technology is magically high, and the game developers have a significant hand to play over here.
Lets take the example of smartphones. They have apps that draw excessive-performance power. So, if you happen to explore the new games that have entered the casino world, you will notice a commendable improvement in the graphics, and they are mobile-friendly, too. Apart from this, computing power is an added advantage to casino game developers. They have the benefit of targeting modern networks. 5G technology is a relevant example of the same. They can amalgamate both of these to deliver games with proper speed and quality.
This is not the end. There are many other things that you can expect under this head like the following:
Smartwatches have been subject to changes, and avid watch wearers will understand them better than anyone else. Also, the rising competition in brands benefits the consumers in the end. For example, the launch of the Apple Series 7 or the Samsung Galaxy Watch 4 is equipped to work with smartphones. The trends that are widening in the US online casinos are proving to help conduct various kinds of tasks. It includes some of the following:
The regional developers are co-relating these with smartwatches that add to the degree of compatibility. It helps bring more innovation and convenience to various users of online casinos in the region.
Source: unsplash.com
Another trend that is increasing is the mix of live functions in a casino and the development of VR technology in this field. The rising modernity is revolving quickly and has an added advantage of a good internet connection. Live casinos have live dealers that cover the lag provided by a poor customer experience and physical facility.
The concept of virtual reality is emerging, which is being accepted as a mature technology. There are standalone devices that give a broader look to the current niche. The best example of the same is NerEnt. This is a brainchild of the VR version of the casino games like Jack and Beanstalk.
The pushing trends are extraordinary and have different advantages in the store for players in the US and other regions, too. Also, the broader acceptability of trends makes many events possible in various regions. Therefore, there is a lot of scope for both new and old players of the market that will render an excellent gambling experience.
The unstoppable rise of casino games has become possible because of the trends surfacing in 2022. Thanks to the internet, the 21st century has a plethora of options that they can choose from. Be it the physical casinos or the online ones. There is a lot of ease for the players. With improved technology and expanding scenarios, the concept of gambling is taking a competitive turn and will continue to benefit players from across the globe.
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What do you need to have to work in the online sports betting industry? – Onrec
Posted: at 5:43 pm
If the answer is yes, you are most likely interested in working in one of the most interesting online industries in the world. Since websites such as Efirbet provide lists of sportsbooks and betting offers, we can read professional reviews of iGaming operators and learn more about the things they offer. Needless to say, the information found on such sites helps us realize how big is the gambling business and what kinds of things it offers.
To help all new clients who start using their platforms, online gambling operators need new employees. Thats why you can find many jobs about things like croupiers, data analysts, admins, customer support, and so on. Even more impressive is that third-party companies are also working alongside bookies and casinos by offering them different things. Hence, people have access to even more job opportunities.
Unsurprisingly, finding a job in the industry is not that easy, especially for some positions and in some countries. Whats more, not everyone has what it takes to succeed in online betting, so lets go through some of the things you must be prepared for.
The first thing probably applies to pretty much any job out there, but it is very important for some positions in online betting. It probably doesnt come as a surprise that there are usually at least a few open customer support positions whose job is to talk directly with clients and help them resolve their issues.
Being a customer support representative is not that hard, but you need to know the ins and outs of the casino/bookie you represent. Furthermore, you need to be patient because not everyone who uses the site knows as much as you. Hence, you have to be able to explain whats the answer understandably. Sometimes, you may even have to repeat the same response multiple times.
Sadly, not everyone is suitable for the customer support role because some people are just impatient. Hence, they might get annoyed or even become aggressive, which is unacceptable for any role in an online betting website.
It probably doesnt come as a surprise that people who work in online betting have to understand everything about this industry and how it works. Gambling is an interesting business model that can be highly profitable. However, some people are not okay with the fact that they work for a company that wins when others lose. This is more of a moral problem, but it is something that people have to decide whether they are fine with before they start working.
Aside from the moral aspect, every employee must be familiar with the companys rules and how it operates. Although most gambling operators are similar, there are many exceptions because some companies pay more attention to responsible gambling and other options.
Another thing that many future iGaming employees underestimate is that this business changes pretty much every month. Since gambling is heavily regulated in pretty much every country, even the slightest changes to some of the gambling laws have an effect on the industry and every bookie/casino that works in it. As a result, people who are a part of the business need to be able to adapt and change to survive. Sadly, most companies have recruiting challenges because some people cant do that.
Even though this may not seem that hard, some people have a hard time learning to do something new. In fact, many employees out there think there is no need to learn and get better at their job because it wont give them any benefits. As you can imagine, this is wrong because others will eventually replace people who dont get better.
The last thing wed like to include is completely different than the other ones, but since the home office is the new norm, it is important to point it out. Many iGaming jobs can be done from home, so if you want to be a part of them, you need to have a good internet connection.
This may not be a problem for most people reading this, but there are many countries where the internet is just not as good as it should be. Hence, it will affect those who want to be a part of the online betting industry.
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Who Loses and How Much With Legalized Sports Gambling in Kansas? – Flatland
Posted: at 5:43 pm
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Published September 7th, 2022 at 6:00 AM
With thearrival of legalized sports bettingon Sept. 1, Kansans have a new way to gamble away their money.
A few people will win, most will lose, but the house will always win. Just how much people will lose and at what social cost has those who try to help problem gamblers on edge.
Were worried that the need (for problem gambling counseling) is going to just increase, said Stephenie Roberts, a Wichita social worker and certified gambling counselor.
Roberts is chairman of the South Central Problem Gambling Task Force and one of the people callers to 1-800-522-4700 problem gambling hotline are referred to.
A lot of people who get into serious problems with gambling may develop suicidal thinking, and thats one of the things we try to address too, make sure people have that help they need when theyre in a crisis, Roberts said. Because when you are betting all your money and you suddenly lose it, you get in a very dark place, and having a number you can reach out to to get some help is important.
Roberts and others in her field believe the funding for addressing problem gambling is grossly inadequate. Under current Kansas law, just 2% of tax revenues generated off gambling at casinos, lottery ticket sales and now sportsbooks is allocated to theProblem Gambling and Addictions Grant Fund.
Roberts office gets about $60,000 a year to serve the Wichita metro area and believes that is higher than what the southwest and southeast task forces receive. There was a northeast task force, but Roberts says its no longer active. Efforts to reach the northeasts task force chair, Peter Gusman, were unsuccessful.
Legalized gambling brings major revenue to the state, but the amount allocated to treating problem gambling is minor and completely dwarfed by the broader collateral social costs of gambling addiction.
Kansas is projected to make$185 million in total tax revenue from gaming and the lotteryduring the 2022 fiscal year, but only about$8 millionwill be transferred to the Problem Gambling and Addictions Grant Fund. The fund is projected to have $726,000 on hand at the end of the 2022 fiscal year and another surplus of $532,000 in 2023, according to budget datareported by the Kansas Legislative Research Department.
In 2018, a limited-scope audit report of the Problem Gambling and Addictions Grant Fund found that 32% of the money earmarked by law the previous three years was transferred to other funds that were not used to provide services to individuals with gambling or other addictions. Programs and services for problem gambling within the fund fell 54% because staff positions were left vacant, which made it more difficult to coordinate education and awareness programs which may have led to fewer people seeking treatment.
In 2020, the National Council on Problem Gambling told the Kansas Legislaturethe estimated social cost of Kansas adult problem gamblers is $829 million a year, from gambling-related bankruptcy, divorce, crime and job loss. Using the same methodology,adjusting for inflationand thenew population census, The Beacon found that problem gambling would incur an estimated cost of $1.126 billion for Kansas taxpayers, families and communities in 2022.
The toll of gambling losses is not readily visible. The governor is the first to place a sports wager in Kansas while wearing the sportsbooks jacket with its insignia and smiles for the photo-op. The state distributes photos of lottery winners, not losers. At casinos, slot machines make noise when gamblers hit the jackpot. Silence comes with losing. But the impact of a gambling addiction is in full view of bankruptcy lawyers.
Wichita bankruptcy lawyer David Prelle Eron estimates about every 1 in 100 cases he sees involves a problem gambler.
Weve seen cases where folks get into trouble with credit cards, or they will take out cash advances and things like that, Prelle Eron said. Weve seen cases where people are operating businesses, and the business ends up failing because theyre pulling money out of the business. Not all debtors with gambling problems gamble in casinos, a lot of them are gambling in poker rooms and things that kind of run underneath the radar.
Just how many more people might get referred to Roberts after calling the hotline or might Prelle Eron see filing for bankruptcy now that sports betting is added to the mix? The state doesnt know or doesnt want to know.
In estimates provided to the Kansas Legislature in April, the Kansas Lottery estimated the state would receive from sports betting revenues $1.8 million in 2023, $6 million in 2024 and $10 million in 2025. But lottery officials say those estimates are already off because the legislation changed after they were made,most notably when the tax rate was proposed at 20%instead of the eventually passed 10%. No new projections have been made since.
The2017 Kansas Gambling Survey, which determined that 2.7% of Kansas adults are at high risk for suffering from a gambling disorder, will not be administered this year by the Kansas Department for Aging and Disability Services (KDADS) per its five-year rolling schedule.
Gambling addictions are not a new problem, a KDADS spokesperson said via email. As it has done for years, the KDADS will continue promoting and delivering recovery resources for anyone who may see themselves or others facing addiction. KDADS also works with casinos to promote responsible gaming.
The survey found that of the high-risk group, 52% have had suicidal thoughts and almost 20% have attempted suicide.
I think its important to know what the prevalence and potential of problem gambling is for our state so we know how we were and how we need to provide help resources and treatment for those that truly experience problems with gambling, said Lisa Chaney, who served as the project lead for the 2017 Kansas Gambling Survey.
More alarmingly, the survey found 42% had never heard of the 1-800-522-4700 gambling helpline but nearly 80% had recalled hearing, reading or watching an advertisement for a casino located in Kansas within the past 12 months of taking the survey.
Casinos and sportsbooks have vastly larger advertising budgets.Ads for sportsbooks alone measure in the hundreds of millions annuallynationwide, showing up on television and social media feeds primarily. The problem gambling hotline, meanwhile, is advertised on the back of city buses one of the lowest-cost advertising avenues available.
We keep trying to advocate for more for problem gambling because with sports betting coming were worried that the need is going to just increase, Roberts said.
The most common resource for problem gamblers is the national gambling hotline 1-800-522-4700, which will connect you to a local call center and be able to answer any questions you may have and refer you to additional resources in your area. Be aware if youre a transplant with a non-Kansas area code phone number, as the call center youre connected to is determined by those three digits. They might not be able to give you the best resources in your area, so make sure to tell them where youre located.
Gamblers Anonymous also has a hotline, 1-855-222-5542, and your phone numbers area code will also determine who youre connected with. Gamblers Anonymous has local meetings in Kansas every week that are accessible by clickinghereand searching your city, state or ZIP code.
Almost every casino in Kansas has a voluntary self-exclusion list, which gamblers can use to ban themselves from a casino. You can sign up by calling one of the numbers below. Every casino has its own procedures regarding its self-exclusion program, but generally, the gambler will be excluded from entering the casino, cashing checks or using a credit card and will be taken off the casinos mailing list. A variety of apps, meanwhile, offer to block a user from accessing online gambling sites.
For Kansas state-owned casinos (Hollywood Casino at Kansas Speedway, Kansas Star Casino, Kansas Crossing Casino and Boot Hill Casino): 785-296-5800. Clickhereto see what a sample application looks like.
Kansas tribal casinos:
Marco Schaden is a reporting intern for The Beacon, where this story first appeared. The Beacon is a member of the KC Media Collective.
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Who Loses and How Much With Legalized Sports Gambling in Kansas? - Flatland
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DraftKings Responsible Gaming Campaign Features Tony Hawk, The Miz – Casino.Org News
Posted: at 5:43 pm
Posted on: September 7, 2022, 11:58h.
Last updated on: September 7, 2022, 01:09h.
Sports betting and iGaming firm DraftKings continues to expand its responsible gaming initiatives. The gaming firms latest campaign coincides with the American Gaming Associations (AGA) inaugural Responsible Gaming Education Month this September.
Titled Practice Safe Bets, the spot is seemingly a play on the practice safe sex motto that ran in the wake of the AIDS epidemic in the 1980s and 90s. DraftKings is employing two celebrity ambassadors to get out the message that gambling responsibly is the cool way to gamble.
Inspired by the 1990s-era The More You Know public service announcements, DraftKings responsible gaming campaign features skateboard legend Tony Hawk and former reality TV star turned WWE wrestler The Miz in retro PSA commercials.
Hawk wears a helmet and kneepads as he discusses deposit and time limits available on the DraftKings app. The Miz, clad in a metallic costume, exudes a cool factor by making the point that its cool to cool off from betting.
Responsible gaming advertising is a tremendous opportunity to reach DraftKings players in a fun and educational way, said Stephanie Sherman, DraftKings chief marketing officer. We chose The Miz and Tony Hawk for the Practice Safe Bets campaign because of their extensive fan bases and because their personalities will break through the noise to reinforce why using responsible gaming tools is so important.
The National Council on Problem Gambling says about 1% of the US adult population has a gambling problem. Another 2%-3% are estimated to meet the criteria for having a mild or moderate gambling disorder.
With more younger people entering the industry through sports betting, the AGA and leading iGaming/online sportsbook operators believe more encouragement of responsible play is needed. For many millennials, their first mobile sports bet is their first encounter with legal gambling.
Betting without a game plan is a little like skating a giant ramp without a helmet or pads, Hawk says before a gray backdrop and a stack of antiquated television sets. DraftKings Sportsbook provides you with tools to set a realistic budget and time limit so youre ready to bet responsibly.
In The Mizs spot, the celebrity oozes a wrestlers persona from the 1990s. The character is seemingly loosely based on Randy Macho Man Savage. Have a realistic budget, and bet within your means, The Miz tells viewers.
Both DraftKings commercials conclude with a parody take on the iconic The More You Know comet trail graphic that instead reads, Practice Safe Bets.
The responsible gaming PSAs follow DraftKings June announcement that it would implement software allowing its customers to schedule cooling-off periods directly through the app.
BetBlocker is a responsible gaming tech firm that provides blocking software free of charge to consumers. BetBlocker can limit access to online gaming websites with a simple click. BetBlocker on DraftKings allows patrons to temporarily disable the iGaming and sports betting app for a period that the user determines.
The responsible gaming initiatives are part of the DraftKings S.E.R.V.E.S. corporate social program, which stands for Service, Equity, Responsible Gaming, Vitality, Entrepreneurship, and Sports.
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Finland’s Gambling Operator Veikkaus Ready to Give Up Monopoly Gambling Industry News – Gambling Industry News
Posted: at 5:43 pm
State-owned gambling company Veikkaus has stated in its interim report that it is ready to give up its monopoly position in Finland in the hopes that the government will open the market to privately-owned betting companies.
In an interview with Ylen Ykksaamu on Wednesday, Veikkaus deputy CEO Velipekka Nummikoski pointed out that gambling regulation in Finland only applies to Veikkaus while foreign gambling companies are allowed to operate with no apparent oversight.
Our competitors do not operate under Finnish regulations and their license would change. Then everyone would work with the same rules of the game.
Nummikoski said that it is important that the market is competitive but that all operators are also on an equal footing. Currently, foreign iGaming companies pay no taxes to Finland and have no obligation to comply with Finnish gambling regulations.
Finlands online gambling market was worth around 520 million in the first six months of 2022 whiole Veikkaus share of this figure was reported to be 260 million. According to Veikkaus interim report, 50% of all money wagered online in Finland goes directly to foreign companies that are unregulated by the Finnish government.
Nummikoski added:
In Finland, we formally have an exclusive rights system, but if we look at digital gaming, Veikkaus market share is only half. You can already ask if we really have an exclusive system anymore.
He then cited Swedens example of a licensed market before explaining:
Channelization has reached 90 percent there, which was the goal of the system. And that is the most significant measure of whether the system has been successful or not. It is not worth creating such a license system, which is not capable of channeling gaming into itself. The regulation must be drawn up to its level.
Nummikoski believes that Finland would be an attractive option for foreign gambling companies if the market were opened and a license system was introduced.
The fact that we are currently offering games to Finnish customers shows that we are an attractive market. We would certainly get a significant number of good operators to Finland.
Gambling industry journalist with a background in online poker and trading. Covering the regulated U.S Sports industry and the exciting world of online poker.
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Online gambling in Pennsylvania Philly Sports – Philly Sports Network
Posted: August 25, 2022 at 1:23 pm
In recent years, online gambling has seen a huge boost in popularity and particularly in the United States. According to recent studies by Playtech, the global online gambling industry is expected to be worth a total of$565 billionby 2025 and is expected to grow by more than 10% every year.
In the US, this growth in online gambling has beenfuelledby the recent law change in which theGaming Actinplace was expanded in 2017 to allow individual states to have more control over their own gambling laws. However, apart from a law change, there have been many other factors involved that havefuelledthe online gambling scene recently.
Below,welltake a look at why online gambling in Pennsylvania has become so popular in recent years.
According toresearch they conducted in Pennsylvania, online gambling has been far more popular than visiting a real life brick and mortar casino in Pennsylvania and with good reason. Pennsylvania is home to 12 brick and mortar casinos which are frequented by people throughout the state, yet as online gambling restrictions were reduced in 2017, playing online has been the most prominent option.
Below,welltake a look at some of the factors that make online gambling more popular.
Whileland basedcasinos are limited as to what games they can offer by the amount of physical space in the casino and the amount of staff on hand to run the games, online casinos do not face the same restrictions. Online casinos can provide a huge variety of favorite casino games, from blackjack to roulette, poker, online slots and much more.
In addition, as one of the top industries for adapting to the digital revolution and taking up the latest technologies, online casino games are hugely innovative and offer a more interactive element than traditional casino games do.
Thanks to the sheer volume of players at online casinos, there are more cash resources available to offer larger bonuses and promotions to players. In addition, online casino jackpots are usually much higher thanland basedcasino games.
However, one of the main reasons there are so many bonuses and promotions on offer is due to competition between online providers. As there are so many online casinos saturating the market now, providers need to find new and innovative ways to attract and retain customers against their competition.
As such, there are a huge number of bonuses and promotions available, particularly to new players. Such promotions often include no deposit games so that new players can explore a site without having to commit and deposit any money into an account, free spins, bonus games and much more.
As a result, a consumers money tends to go a lot further when playing at an online casino too.
While in aland basedcasino, players are limited to traditional payment methods, online casinos offer a variety of convenient ways to pay. Some of the most popular payments include:
E-wallets E-wallets like Venmo and PayPal are becoming much more popular in recent years, offering a safe and convenient method for consumers to pay online.
Visa While Visa is one of the most traditional options, they offer a significant amount of online safety and reliability. The only downside is large currency conversion fees if you are playing with an offshore provider.
Cryptocurrency- Ascryptocurrencies operate on blockchain technology and are not regulated by a central banking authority, they are usually much faster to process than more traditional payment methods and also offer players more safety and anonymity as it is harder to track transactions.
Phone payments As mobile gaming has become more popular, the likes of Apple and Google Pay on a phone or tablet have become an incredibly convenient way to make small payments. Just keep in mind that this payment method is not suitable for larger transactions.
Pennsylvania has along historyof being into sports, with the first horse racing track being opened back in 1963. However, in 2010 there was a big change thatfuelledthe industry when lawmakers enabled providers to offer table games like blackjack and craps in venues too.
Pennsylvania casinos are broken down into four categories, with racinos being one of the most popular options for residents of the state. There are currently 7 operating racinos in Pennsylvania, in which players can enjoy sports betting and casino games alike, while wagering on horse racing.
Besides horse racing, residents of Pennsylvania are intoa number ofother sports, with golf, football and baseball being themost popular sports.Thanks to new flexible laws, residents now have a huge range of opportunities to place their sports bets online, making it easier than ever to participate, no matter where you are or what time it is.
Overall, law changes in recent years have fueled the online casino industry in the US. As for Pennsylvania, as a statethats heavily into sports, its never been a better time to get into sports betting and online casino games, whether thats from the comfort of your own home or out and about in just about anywhere you can think of.
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Popular Online Gambling Trends in 2022 – VR Games and More – Gambling Sites
Posted: at 1:23 pm
The world of online gambling is an ever-changing realm. With technological advancement moving rapidly, new online gambling trends emerge year after year.
The World Wide Web became publicly available in 1991. Five years later, InterCasino launched the first-ever real money online casino. Fast-forward to today it is estimated that 17% of the worlds population gambles online.
In this day and age, the best online gambling sites offer a vast range of services. Of course, you can enjoy all the classic casino games. But did you know that you can also gamble with cryptocurrencies via your smartwatch?
There are plenty of intriguing online casino trends in 2022. So, join me as I look at six trends in online gambling right now.
Mobile Betting Is Bigger Than Ever
Unlike VR gambling, mobile betting is not a new concept. Thanks to the best mobile online casinos, gamblers have been playing casino games on their portable devices for years.
However, this doesnt mean mobile betting is not among the most popular online gambling trends in 2022. In fact, the opposite is true. With more and more people switching from desktops to cell phones and tablets, mobile gambling has never been bigger.
It is no surprise that mobile betting is one of the biggest real money gambling trends at the moment. After all, there is no shortage of advantages.
ADVANTAGES OF MOBILE BETTING
According to a recent study published by consumer data company Statista, the worldwide online gambling and betting industry had a market size of $61.5 billion in 2021. By 2028, that figure is expected to stand at $114.4 billion.
As the mobile betting industry continues to boom, real money gaming trends relating to mobile betting will only become more popular.
Keep reading to discover more fascinating trends in online gaming for real money. If youre ready to take advantage of mobile betting now, just head to the best sportsbooks and online casinos now!
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Cryptocurrency Gambling Continues to Soar
Granted, cryptocurrency gambling is not among the newest online casino trends. Bitcoin was introduced in 2009 and became the first blockchain-based currency to be accepted by casinos in 2012.
That said, crypto gambling is undoubtedly one of the biggest online gambling trends in 2022. Regardless of the recent crypto crash, more and more people are using the best cryptocurrency gambling sites to wager online.
There are many reasons why gambling with crypto is among the most popular trends in online casinos. The list below details the advantages of crypto gambling.
ADVANTAGES OF GAMBLING WITH CRYPTOCURRENCY
It is worth noting that there are also disadvantages when it comes to crypto gambling. The crypto market is notoriously volatile, so be sure to do your due diligence before you follow the latest online gambling trends.
Remarkably, more than 20,000 cryptocurrencies are in existence with dozens of blockchain platforms supporting them. No wonder so many gamblers are turning to crypto betting!
Feel free to follow the link below if you want to learn more about two of the worlds most popular cryptocurrencies.
If cryptocurrency was The Beatles, comparing Bitcoin and Ethereum would be akin to asking that old question Lennon or McCartney. Just like fans of the two most revered, groundbreaking Scousers, these two crypto options have their fans. Sure, some like...
Virtual Reality Casino Games Are on the Rise
It wouldnt be unfair to say that the earliest online casino games look ancient in this day and age. I mean, technology has come a long way since 1996.
The first online gamblers were extremely excited about the prospect of playing a basic slot machine on the internet. Less than three decades after the introduction of real money online casinos, the landscape is almost unrecognizable.
Believe it or not, virtual reality (VR) gambling is one of the biggest real money gaming trends right now. Thats right you can put on your VR headset and transport yourself to the casino floor!
Virtual reality gambling enables users to interact with dealers and other punters. With detailed casino games, realistic slot machines, and 3D table games, you can enjoy an interactive and authentic casino experience from the comfort of your own home.
You can even have a drink at the VR casino bar and chat with other players while the background sounds replicate the ambiance of a brick-and-mortar casino.
In 2016, software developer NetEnt showcased the first virtual reality online slot game allowing players to experience its famous Jack and the Beanstalk slot in VR. Since then, Gonzos Quest and other VR casino games have been released.
As the metaverse continues to grow, virtual reality gambling will only rise in popularity. Who knows? We might even meet each other in a VR casino somewhere down the line!
If you want to learn more about one of the latest real money gambling trends, be sure to check out our guide to virtual reality casinos.
And if you want to dive deeper into the metaverse specifically, feel free to check out our breakdown about gambling in the metaverse.
Smartwatch Gambling Is Gaining Traction
Just a matter of years ago, the idea of mobile betting seemed futuristic and implausible. Around the same time, a simple wristwatch was still a simple wristwatch.
Fast-forward to the present day smartwatch gambling is a very real thing.
For those of you who have been living under a rock for the past few years, a smartwatch is basically a wearable computer in the form of a watch. Smartwatch wearers can use the interface for phone calls, emails, text messages, weather updates, and many other functions.
Since you can also access web browsers and apps via smartwatches, many smartwatch wearers use their device to gamble on the go. With dozens of online casinos and gambling apps available to smartwatch users, you only need to move as far as your wrist to place a bet!
When smartwatches were first released, they needed to be tethered to your phone or Wi-Fi to function. However, modern smartwatches have their own sim cards and connect directly to mobile networks.
Of course, the small screen makes playing certain types of games difficult. But there are still plenty of slots, table games, and other casino classics that work perfectly on smartwatches.
Smartwatches have even impacted online poker trends, with iOS and Android producing dedicated video poker apps.
More Online Casinos Have Live Dealers
All online casino games are rigged, right? WRONG. Just ask the biggest winners in the history of online casinos.
Even so, gamblers can often feel like theyre being deceived by online casinos especially when it comes to games like poker and baccarat. With imaginary dealers dishing out the cards, it is easy to blame your losing streak on the game itself.
As a result, more and more online casinos are employing live dealers to give their customers greater peace of mind. If gamblers know they can interact with real-life dealers via video, they are far more likely to return to the site.
On top of that, the human interaction gives players the sense of being in a brick-and-mortar casino. Engaging with dealers is all part of a trip to the casino, so people like to have the same experience while playing online casino games at home.
Online poker trends show that online casinos offer more live-dealer games than ever. Naturally, that puts the influx of live-dealer games among the top online gambling trends in 2022.
To ensure you find the best sites with live dealers, check out the options below.
Safer Gambling for Everyone
The last of the noticeable trends in online gambling concerns the safety of bettors. As the industry continues to grow at a rapid rate, the need to look after punters becomes all the more crucial.
As we know, problem gambling is a persistent issue around the world. But with more and more companies creating and implementing responsible gambling tools, the risk of gaming-related problems will only reduce.
Below is a list of safer gambling tools that all the top online casinos offer.
SAFER GAMBLING TOOLS
It is worth pointing out that safer gambling tools have been around for a while. However, the steady rise in people gambling online has thrust the tools into the recent real money gambling trends.
Lucky for you, we have already tracked down a bunch of safe online casinos for you to consider. Thanks to strict regulators and gambling commissions, our recommendations are among the internets most secure and safest options.
Closing Thoughts on Online Gambling Trends
New online casino trends emerge all the time. As the industry continues to evolve, different real money gambling trends will appear.
To give yourself the best possible chance of success, keeping up with all the latest trends in online casinos is important.
Sure, you can always stick with your tried and tested strategies. But there is no harm in keeping up with the times and broadening your horizons.
Following trends in online gambling makes much sense, as you are dealing with facts and figures. By contrast, gambling superstitions carry very little weight.
Follow the link below to discover which gambling superstitions you should ignore.
How many gambling superstitions do you take with you to the casino? Do rituals work? Should we all grab the ouija board from the attic to up our winnings? Or is the thought of injecting some divine intervention into our betting habits just downright dumb? As...
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Online Gaming Operator Spreadex Fined Over $1.6M by the UKGC – Casino.Org News
Posted: at 1:23 pm
Posted on: August 25, 2022, 10:35h.
Last updated on: August 25, 2022, 11:49h.
English Football League Championship soccer club Sunderland may be having second thoughts over its relationship with Spreadex, the financial trading and sports betting company. The company received a fine of 1.36 million (US$1.6 million) from the UK Gambling Commission (UKGC) over a number of failings.
The UKs gaming regulator hit the company with a fine for anti-money laundering (AML) and social responsibility failings. Its the latest in a constant stream of fines the UKGC has levied against gaming companies, including the record $21-million fine it recently gave to Entain.
The UKGC has stated on several occasions that its going to step up its efforts to ensure operators comply with regulations. Since the beginning of the year, it has dished out more than $28 million in penalties.
Spreadex became Sunderlands shirt sponsor in July. Long before that, beginning in June of last year, the UKGC had already begun looking into the company. What it found was a series of shortcomings that breached the regulators guidelines.
The company didnt have mechanisms in place to properly alert it if gamblers spent too much money in too short a time. In addition, it wasnt properly monitoring accounts to determine if there were signs of problem gambling.
One example the UKGC gave was a user who deposited 1.7 million (US$2 million) and lost a quarter of that in less than a month. If Spreadex had followed the UKGCs recommended guidelines, it would have placed a limit on the account. Instead, it only contacted the customer to inquire about the activity and didnt follow up with any additional protocols.
On another occasion, Spreadex configured a users account to alert the company if deposits exceeded 25K (US$29,520). The individual later increased the amount to 100K (US$118,130). Subsequently, Spreadex only relied on open-source data to determine if the increase was legitimate.
Another individual continued making deposits after raising flags. Spreadex asked the user to provide additional verification of financial solvency, but only received redacted bank statements in return. Despite a lingering degree of uncertainty, no one at the company pushed for more clarity.
In addition, there were repeated examples of failings tied to AML, with the company lax in maintaining its AML procedures. As such, the UKGC accused it of violating a number of regulatory statutes.
After the UKGC notified Spreadex of the violations, it immediately took corrective action, according to the UKGC. That pacified the regulator, which authorized it to make the payment to a socially responsible organization.
This is in accordance with the UKGCs framework on regulatory compliance. In some cases, settling violations results in a payment in lieu of the financial penalty the [UKGC] might otherwise impose for breach of a license condition. However, its still a fine, as its a form of punishment the operator must pay.
The UKGC has threatened to take a stricter approach to enforcement. The agencys CEO, Andrew Rhodes, has warned that continued violations are a sign that operators arent taking the regulator seriously enough.
Leanne Oxley, the UKGCs Director of Enforcement and Intelligence, hinted at this as well. In the announcement about Spreadexs fine, she commented that it is disappointing that the regulator continues to see violations of the same rules by different operators.
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