Connect with us
SIS

Industry News

The Venezuelan crisis spawns boom in gambling

George Miller

Published

on

Little Animals betting game
Reading Time: 2 minutes

Players line up beside a small kiosk in a poor neighborhood to choose animals in a lottery game that has become a craze in Venezuela even as the oil-rich country suffers a fourth year of brutal recession.

It seems more and more Venezuelans are turning to gambling in their desperation to make ends meet amid the country’s unprecedented economic crisis.

 Though more people lose than win overall, the illusion of a payday has become more alluring as Venezuelans endure the world’s highest inflation, shortages of basics from flour to car batteries, and diminished real-term wages.

Among multiple options from race courses to back-street betting parlors, the roulette-style “Los Animalitos” (or the Little Animals) is currently by far the most popular game on the street.

“Most people I see playing the lottery are unemployed, trying to make a bit extra this way because the payouts are good,” said Veruska Torres, 26, a nurse who recently lost her job in a pharmacy and now plays Animalitos every day.

Torres often plays more than a dozen times daily at the kiosk in Catia, spending between 5,000-10,000 bolivars, but sometimes making up to 50,000 or 60,000 bolivars in winnings – more than a quarter of the monthly minimum wage.

When that happens, she splits the money between buying food and diapers for her baby boy, and re-investing in the lottery.

The Animalitos game, whose results appear on YouTube at scheduled times, is hugely popular because it goes through various rounds, holding people’s interest, and provides more chances to win than most traditional betting options.

The cheapest ticket costs just 100 bolivars – a quarter of a U.S. cent at the black market currency rate, and more than 10 times less than that at the official exchange level.

“It helped me a lot,” said Eduardo Liendo, 63, of a timely win. He recently lost his house and lives in a car in Caracas’ Propatria neighborhood, but had a successful punt on the Animalitos, choosing the dog figure after his own had died.

There is no hard data on betting figures, and the government’s betting regulator did not answer requests from Reuters for information. But those behind Venezuela’s gambling businesses, run by a mixture of private companies and local regional authorities, said trade was booming, with lines longer and busier than ever – because of, not despite, the hard times.

“In a crisis like the one we’re going through, people drink and gamble more to escape from reality,” said psychologist Rosa Garcia from the rural state of Barinas.

The latest scarcity in Venezuela is cash – as authorities cannot produce enough notes to keep up with dizzying inflation – so many bars, shops and betting parlors have quickly switched from cash to electronic transactions to keep money flowing.

That has hit the Caracas hippodrome, where cash is still king. But thousands still go there at weekends, pushing against fences in front of the sand track to cheer their horse on as salsa music booms in the background.

Continue Reading

Industry News

Stakelogic launches it’s latest innovation: Super Stake

George Miller

Published

on

Stakelogic launches it's latest innovation: Super Stake
Reading Time: 2 minutes

 

Players place side bet to double their stake and enable an additional feature that delivers an insanely high payout within a set number of spins.

Super Stake is the latest online slot innovation that was developed and launched by the popular game studio, Stakelogic.

Super Stake allows players to place a side bet which effectively doubles their stake. By doing so, an additional feature is enabled that delivers an insanely high pay-out once in every 35 or so spins.

Here is an example of how it works:
The player stakes £1 per spin and activates Super Stake, so a side bet of £1 is also placed. The player is effectively wagering on two separate games – the base game and the feature game.

When the Super Stake feature is triggered, it will trigger one of the game’s bonus features to deliver incredibly large prize pay-outs. In The Expendables MegawaysTM, for example, when the Super Stake feature is triggered, 175 Wild symbols land across all five reels or all royals will be removed from the reels.

Super Stake will be rolled out across the following Stakelogic slots:

  • The Expendables MegawaysTM
  • Gods of Death
  • Dragons and Magic
  • Runner Runner MegawaysTM

Stakelogic has built a reputation for developing game-changing features, including Quattro which allows players to play up to four games simultaneously. This innovative approach to slot development, plus the striking design and complex math used in its games, has allowed Stakelogic to stand out from its rivals.

Stephan van den OetelaarCEO of Stakelogic, said: “Super Stake is another ground-breaking slot feature from Stakelogic and we believe it will be an absolute game changer for operators and players.

Super Stake takes the excitement and anticipation of playing online slots to the next level, with the players waiting for that monster win to land at any moment.

We believe it will be hugely popular with players and will ultimately drive play time on our titles, boosting revenues for our operator partners.”

Continue Reading

Industry News

GPA Calls on GAA to Ban Gambling Ads During Live Matches

Niji Narayan

Published

on

GPA Calls on GAA to Ban Gambling Ads During Live Matches
Reading Time: < 1 minute

 

The Gaelic Players Association (GPA) has called on the Gaelic Athletic Association (GAA) to ban gambling ads during live matches.

The GPA has made formal contact with Croke Park on the issue and says “the GAA would become the first sporting organisation in the world to take such a step” if it were to back the proposal.

The GPA is seeking that no gambling advertisements be broadcast in commercial breaks during live coverage of Gaelic games and though it is questionable whether the GAA would be able to dictate to broadcasters on a matter such as this, the GPA believes the governing body would have enough heft to do so.

A GPA statement read: “Gambling promotion during GAA games presents a heightened risk to the welfare of all members of the GAA but particularly children and those most vulnerable to the perils of this destructive addiction.

“The proliferation of online betting and the availability of betting advertising around Gaelic Games has helped develop a worrying cultural issue with gambling in the GAA.

“We believe that the GAA, through its relationships with its broadcast partners, has the ability to prevent the broadcast of gambling ads during matches.

“Removing this intrinsic link between inter-county games and betting advertising reduces the risk of vulnerable members of the association developing issues with problem gambling.”

“We’re urging all delegates to support the views of the players at Congress and will share this information with them ahead of the weekend,” Paul Flynn, chief executive of GPA, said.

Continue Reading

Industry News

A new German gambling comparison website is offering to refund players if they do not get paid by online casinos

George Miller

Published

on

A new German gambling comparison website is offering to refund players if they do not get paid by online casinos
Casinos.de only works with trusted operators and offers a refund to players if their cash is withheld by a recommended casino for no good reason.
Reading Time: 2 minutes

 

The Casinos.de site is offering this first-of-a-kind “deposit guarantee” in an effort to become an established brand and authority in the German market.

The site, whose domain was purchased for a six-figure sum, offers comparisons between casinos that are trusted operators and which have been carefully vetted for reliability and quality of service.

If a player does not receive their winnings from a recommended casino and there is no good reason for withholding the cash, then up to €500 from their first deposit will be refunded by Casinos.de

The website offers expert guides to playing online and helps people choose an online casino based on factors such as region, preferred deposit method, or by a favourite game.

Casinos.de is owned by Blexr, a performance marketing company based in Malta and Barcelona, which specialises in lead generation. It invested €450,000 to obtain this domain name in an effort to build a web property with integrity for the German market.

Blexr’s co-founder Paudie O’Reilly said offering a guarantee over player deposits was a “very unique approach to the market and the first of its kind”.

He added: “Given the need for trust amongst our users, we are saying to German players that we will put our money where our mouth is.

“If for some reason you do not get treated as you should at a casino we recommend, we’ll give you your money back. We are that confident in our offering that we can commit to this deal and follow through with our promise.”

The site launched in January and Mr O’Reilly said it was the first step towards claiming a majority share of the German market.

“We created www.casinos.de to give a sense of security to German players who really value a trustworthy name.

“They tend to be very data and computer savvy and show concerns about the legitimacy of websites. We knew upon entering the market that we would need to offer German users something that contained premium qualities, along with trust and legitimacy.”

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.