Factors That Contribute To the Growth of the Online Casino Trade

The online gaming industry has experienced a lot of growth over the past few years.  The main motives could be the substantial evolution in the modernization of iGaming technology. With more nations opening their doors to the online gambling market, more gamers have been able to access online gambling games.

Online Casino Trade

Online Casino Trade – Mobile Gambling

Another immense impact on the growth of the online gambling industry was the launch of mobile gambling. These are few of the reasons that contribute to the growth within the market and we are also taking a look at numerous other factors that help iGaming uphold its innovation and growth in 2018.

Top factors in the maintenance of growth and innovation within the gambling industry

Consistent networks

The Internet of Things (IoT) has started playing a huge role in daily lives. The IoT is the unified network of electronic devices that make it possible to share information across several online networks through TV’s, PCs, mobile devices and Tablets. This makes it easier to access information across devices, also it allows the iGaming industry operatives with the faultless platform to connect with their target market.

In addition, with mobile devices being the choice for a lot of online players, it’s easier for online operatives to gather data and connect to their target market. What is great about the IoT is that it makes it simple for online operators to focus exclusively on their target audience.

New Technology and prospects

With the industry growing every day, there have been a number of changes, technological advancements, and improvements. The key to continuous growth is to keep bringing new and exciting ideas that will keep gamblers hooked.

Earlier in 2018 at the ICE Totally Gaming conference a lot of leading iGaming software developers exhibited few new products that will grow the industry. Each of these products was created with VR expertise to take gamblers into the heart of the action. With VR being the next big thing technologically, software developers jumped on board to generate games.

Mixed in with Cryptocurrency

The online casino industry has gradually warmed up to the idea of using cryptocurrencies as a payment method for online gambling. Many Bitcoin casinos and other cryptocurrencies have been established and have also fascinated many players. The casino experience will be unlike any brick and mortar casino. The whole experience will be protected as it holds the security benefits of blockchain technology.

Online Casino Trade Overview

These technologies play a big role in maintaining innovation and growth within the online gaming industry. There is more to come with this innovation and technology keeps changing and growing.

Greentube inks a British supply deal with LeoVegas AB

The Greentube online and mobile technologies subsidiary of Austrian gambling giant, Novomatic, announced the signing of a deal. The deal will see its games made available to gamblers in the United Kingdom through domains that will be operated by LeoVegas AB.

Greentube inks a British supply deal with LeoVegas AB

Video Pokies Delivery

The Vienna-based trendsetter explained that the procedure will include mobile-friendly sites from LeoVegas and SlotBoss.co.uk, PinkCasino.co.uk and 21.co.uk including ‘blue-chip’ gambling games from its parent. Moreover, it will also include the Sizzling Hot Deluxe, Lucky Lady’s Charm Deluxe, and Reel King video pokies.

Greentube also explained that the deal is to involve the online casinos from Stockholm-headquartered LeoVegas contribution its own five-reel and 20 payline Cops ‘N’ Robbers: Snake Rattle, Vegas Vacation and Roll following integration with its ground-breaking Novo Remote Gaming System (NRGS) platform.

Developer ‘tremendously pleased’:

United Kingdom Commercial Director for Greentube, David Bolas, stated that he was ‘very pleased’ to have excavated his firm’s affiliation with LeoVegas AB by lengthening ‘the scope of the content provider.’

“LeoVegas AB’s collection of local brands brings a very fruitful proposition in the United Kingdom industry and it is a great opportunity for Greentube to add more value to an imperative partner.”- Bolas

The new plan comes five months after Greentube started providing a collection of its gambling games to LeoVegas. Moreover, applying its NRGS innovation; which includes the Book of Ra: 6 Reel Deluxe, Book of Maya and Apollo God of the Sun video pokies also as bespoke land-based games from the creator’s Astra Games and Bell-Fruit Games companies that had been custom-made for the United Kingdom industry.

Overview

This is one of the best moves to be made by the two firms. The gambling industry is growing every day and new technology is being introduced on daily basis. We can only hope that this workmanship goes a very long way.

Pragmatic Play Limited makes additional inroads in Portugal

After being able to get into the Portuguese online casino market in August through the signing of a gambling games supply deal, Pragmatic Play Limited and CasinoPortugal.pt announced the signing of a comparable deal with the operator that is behind EstorilSolCasinos.pt. This will be for use on the Portugal-licensed domain at EstorilSolCasinos.pt.

Pragmatic Play Limited

Pragmatic stated that the deal with Estoril Sol Digital SA involve its full portfolio of ‘quality content’ comprising of recent releases Madame Destiny, Peking Luck, and Da Vinci’s Treasure as well as the gamblers favorites Great Rhino and Wolf Gold being made available to enthusiasts at EstorilSolCasinos.pt.

Pragmatic Play Limited A Great Deal

Chief Commercial Officer for Pragmatic, Melissa Summerfield, stated that she is happy to have signed the deal with Estoril Sol Digital SA. This was before she described Estoril Sol as ‘one of the most appreciated brands in Portugal’ and that it is the ‘front-runner in a growing and thrilling market.’

“We reliably strive to bring the best and mobile-focused entertainment to our players, supported by receptive service, and we also look forward to conveying our passion to EstorilSolCasinos.pt and its gamers.”- Summerfield

The supply agreement

Pragmatic has a similar arrangement in place with the Portugal-facing realm at Solverde.pt while the gaming supplier signed a deal in August that saw its portfolio being available to the Unibet.it domain from Kindred Group.

Rui Magalhaes, General Manager for Estoril Sol Digital SA, stated that he was ‘very satisfied to be having’ content from Pragmatic and that he is  content that the designer’s games ‘will be a hit with our gamers.’

“We look forward to working side to side with Pragmatic Play Limited and also having to witness first-hand the exhilarating innovation for which it is known.”- Magalhaes

This is one of the best deals to be made. We also look forward to seeing the two firms grow stronger together and producing great gambling games to Australian players and players across the world

Opera House’s Everest Promotion Pushed to an Hour Early to Miss Protesters

The light show that was planned for the Opera House to advertise the Everest horse race has been moved an hour early to avoid protests. The contentious promotion on the sails will start at 7:00 pm and not 8:00 pm.

A statement was issued from Defending the Opera House, he said that the racing industry decided to start the event an hour early. All bookmaking for the Everest horse race are suspended, with Racing NSW agents citing “security risks” amongst a fiery debate about the use of the Sydney Opera House to endorse the event.

Opera House's Everest

Opera House’s Everest – Key points:

Gambling was suspended at noontime to avoid any apparent integrity risk.

Racing NSW revealed the draw had been held in confidence and the result is to be kept secret this evening.

“Racing NSW made the decision to hold the draw prior to the occasion to dodge any security risks that may take place,” said Racing NSW.

“Racing NSW overseers will advise all staking operators this evening on when they may restart gambling on the event.”

The plan was to do a live barrier draw and to project the result onto the Opera House cruises.

The Opera House chief executive, Louise Herron opposed the plan last week. She said “it will breach the guidelines that limit what is to be projected onto the building.

The NSW Government has overridden that position after Alan Jones, a radio broadcaster clashed with Ms. Herron in a heated discussion on-air about the qualities of the race and its worth to the economy.

Opera House’s Everest- the event

Mr. Jones apologized for the comments made during the interview. He said that he regrets uttering the words having heard their influence. Racing NSW said gambling got suspended from midday “this was to avoid any apparent honesty risk”

An online request against the event was brought to State Parliament. It had involved over 270,000 signatures on Tuesday afternoon. Moreover, supporters of the event have drawn judgments to the Opera House is used to promote cricket and rugby events.

East Windsor casino plan stalled by a federal judge

The plan to bring an indigenous casino to the northern Connecticut community of East Windsor is indefinitely blocked. This is after a federal judge declined to induce the United States Department of the Interior to approve the proposed changes to the betting compacts of the two tribes.

East Windsor casino

Project approved in the last summer

The planned $300 million gaming enterprise, which was temporarily named Mohegan Sun Foxwoods East Windsor, got its final state approvals last summer. In addition, it was to be built by the MMCT Project joint enterprise of the casino that operates the Mashantucket Pequot Tribal and Mohegan Tribe Nation.

East Windsor casino – Amended gaming contracts

The Mohegan Tribe is responsible through its Mohegan Gaming and Entertainment vehicle for the Mohegan Sun development in southeastern Connecticut. The Mashantucket Pequot Tribal Nation operates the nearby Foxwoods Resort Casino. Under distinct deals inked in the early 1990s, both enterprises handed over 25% of their current pokie revenues to the state in return for a state-wide control on betting.

It was reported that the tribes successfully petitioned to have this condition extended to their planned Mohegan Sun Foxwoods East Windsor. This is despite concentrated protests from rivals including MGM Resorts International. The Mohegan Tribe and the Mashantucket Pequot Tribal Nation had supposedly hoped that their new gaming establishment would serve as a fortification against such nearby competition and also ensuring that the state continued to receive its tax revenues that amounted to approximately $270 million last year.

Tribes to Find a Solution

The Mashantucket Pequot Tribal and the Mohegan Tribe Nation had detailed that they would continue to pursue a satisfactory resolution with MMCT Venture spokesperson Andrew Doba also declaring that his organization stays committed to seeing the process through.

NetEnt AB takes its video pokies to the Max

Online gambling games and software developer NetEnt AB announced the launch of its first video pokies in its Max varied volatility product line through the new Berryburst and Berryburst Max games.

NetEnt AB takes its video pokies to the Max

Double launch with same mechanics

Berryburst is a three-row video pokie with several moving and changing fruity fragments. Alongside the Cluster Pays mechanic for higher wins. The game developer stated that the latest game comes complete with a growing wild re-spins mechanic that is across every one of its five reels.

NetEnt AB

The Stockholm-listed innovator declared that its Berryburst Max game uses the same mechanism to offer higher winning potential in order to widen the game’s appeal to players that crave great payouts. They first revealed the game through a live-streaming session. The game will seemingly allow operatives to run more lucrative marketing promotions that target multiple player verticals.

Chief Product Officer for NetEnt AB, Henrik Fagerlund, described the double launch as another industry first that was started following feedback from operators and their gamers who stressed the importance of expanding the instability in our gambling games portfolio.

“With Berryburst and Berryburst Max, workers can cater to various player needs in diverse areas of their offering. Once again showing their position as the leader in pokie innovation. Berryburst brings NetEnt AB’s superior game experience with exciting audio and visual exhibition which makes it the great launch game for the new product range.”

Overview

There is a lot that Netent AB is cooking. The gaming software provider seems to be growing and taking their gaming to the next level. Check out the top casinos powered by Netent AB and experience great gambling online.

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Victoria to execute an 8% tax on online sports betting agencies

The 8% tax on online betting agencies that will take effect soon is said to be less than half of what other Australian states are charging.

Tim Pallas, the treasurer of the state, says that the rate will raise $30m a year, and is less than half that of other states. The Victoria state is set to impose an 8% point-of-consumption tax on online sports betting agencies. This is hardly half the rate that is introduced in other states. Tim Pallas announced that the tax will take effect from January 2019. The gambling industry critics expressed their concerns that Victoria’s rate would weaken other states.

Victoria imposes 8% on online sports betting

Victoria – Australian States

In July, South Australia brought in a 15% tax, and Western Australia’s is due to implement a 15% tax in January. Queensland also promises to follow suit.

The Alliance for Gambling Reform, Tim Costello told the Fairfax Media, that the market body Responsible Wagering Australia (RWA) must stop trying to put pressure on various state and territories to delay and lessen the tax. RWA put a statement on Monday that it was very disappointed with the announcement from Victoria. However, they acknowledged the government’s counseling approach.

Online Betting

The online betting industry pays a substantial amount of consumption tax through GST. They also pay corporate income tax to the federal government. An 8% tax does not sufficiently account for these important contributions and it will result in Victoria taking one of the premier effective betting tax rates across the world.

Pallas said that all they are doing is to make sure that online betting agencies in Victoria pay their fair share of tax. Moreover, they will continue to consult the market and stakeholders to finalize legislation of the consumption tax. The government also said that with the 8%, they do not want to harm the industry.

Victoria – Anti Gambling

Anti-gambling groups pushed for a rate of 15% for the money to be used on social welfare and hospitals. Corporate bookmakers and their supplicants want a lower tax rate, this is because they believe that it could put jobs at risk. Totte betting operated by Tabcorp-Tatts wants a national rate.

The tax will apply on all wagering venues in Victoria and agencies will be responsible for working out the site of players placing the bets.