Connect with us
SOFTSWISS

Latest News

The future of Caribbean online gambling

Published

on

Reading Time: 2 minutes

The Caribbean is an abode to numerous incredible casinos, from the majestic Atlantis Casino in the Bahamas to the several brick-and-mortar casinos in the Puerto Rico. The online gambling industry in the Caribbean outshines the land-based casinos and is comparatively far more influential. The Caribbean which is home to various companies that host websites where players across the world are enabled to engage in real money casino games at Wild jack casino, one of the preponderant online casinos. Recent estimates emphasise that global revenue from this sector will add up to approximately $635 billion by the year 2022, which highlights the potential of this industry which cannot be neglected.

Beginnings of online gambling

The world of online gambling took off in Antigua and Barbuda with the passage of the Free Trade and Processing Act in 1994, which allowed licenses to be granted to companies looking to start online casinos. In the same year a collaboration to set up an online casino business was forged between Microgaming, based in the tax haven nation of Isle of Man, which provided the technological framework for an online setup, and CyptoLogic, an Irish company which provided the financial capital for the venture.

Since the humble beginnings of online gambling in 1994, Antigua and Barbuda have attained the status of international leaders in the sector, with several prominent companies like Titan and Sportsbook having licensed themselves in the nation. These companies have achieved considerable financial success in the global online gambling market, and have even listed themselves on the London Stock Exchange, bringing considerable tax revenue to the Antigua and Barbuda. Following in Antigua and Barbuda’s footsteps, other nations such as Curacao, Nevis and Aruba have also started liberal licensing regimes for gambling companies.

Legal status

The Free Trade and Processing Act provided for licensing for both interactive games like online casinos, as well as interactive wagering, which is applicable for sports betting. However, all nations do not afford the same treatment to both forms of gambling. Similarly, online casinos exist in an unregulated legal grey area in many jurisdictions, for instance land-based casinos are banned in Barbados, but a similar prohibition does not exist for online gambling.

Other Caribbean nations have resorted to differential treatment between citizens and foreigners, being drawn to the burgeoning tax revenues and increased tourism from a liberal gambling regime. For instance, Bahamians are prohibited from gambling in any of the land-based casinos, which attract thousands of tourists each year.

What lies ahead?

The online gambling industry has grown steadily since the passage of the 1994 Act in Antigua and Barbuda, giving the region considerable clout on the international stage, to the extent that the nation did not shy away from successfully bringing a complaint to the WTO against the United States in 2005. The case revolved around how the US had violated free trade rules by restricting its citizens from accessing online gambling websites based in Antigua and Barbuda.

With the advent of smartphones and easily accessible internet connections, the online gambling industry is likely to continue to exhibit exponential growth, with considerable potential for growth in the Caribbean through the liberalisation of the Cuban markets, as well as taxation of gambling activities operating in legal grey areas. In any case, the future of online gambling is likely to continue to have the Caribbean at the forefront.

Continue Reading
Advertisement




MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

Published

on

Reading Time: < 1 minute

 

Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

Continue Reading

Latest News

The Benefits of Playing at EU Casinos

Published

on

Reading Time: 3 minutes

 

There are many EU casinos that not only attract players from Europe itself but also from countries around the world, including the US, UK, and even those from countries where online gambling isn’t permitted. So why is it that EU casinos are so popular? What drives the online gambling community to these casinos?

Well, that’s what we’re going to be looking at today. What’s so attractive about EU casinos to people who are looking for an immersive and entertaining online casino experience? Why do people in the USA, the home of Las Vegas, go outside of the USA to play at online casinos?

Benefits of EU casinos

Online gambling is by far one of the most popular methods of gambling online. Throughout Europe, specific laws in each country can vary, so access to land-based casinos can sometimes be few and far between. Thus, going online to enjoy a casino experience has become a more preferable option. And so why EU casinos? Well, for those who are joining EU casinos from outside Europe and not from the UK or the US, the English-based support and customer service are very attractive. A lot of people who play at EU casinos access it using a VPN or from a country where they don’t have any domestic online casinos, and most of the time English is their first language or one that they can understand.

The next attractive factor regarding EU online casinos is safety and security. Each online casino in the EU is strictly regulated and licensed. It’s this reassurance that a lot of players look for when choosing an online casino to go to and play at. They are held to the same strict and high standards as those of their British counterparts in the UK, which are upheld and monitored by the UK Gambling Commission. In the EU, a lot of the casinos are also regulated by either the Malta Gaming Authority or the Curacao Gaming Licence Authority. All of which share the same standards and expectations as other authorities across theglobe,e which ensures that all players playing online at EU casino websites.

The casinos that are available online in the EU are also very open to a lot of different payment methods. There are even some crypto casinos where you can play casino games online with cryptocurrency. This openness to accepting a lot of different payment methods means a lot to people who like to play at online casinos. The vast majority of them also pride themselves on providing very quick withdrawals, which are measured in hours rather than days. After all, there is nothing more frustrating than having a big win and then having to wait days to get your hard-fought winnings.

And lastly, bonuses and promotions. The vast majority of EU online casinos will have a wide range of different bonuses and promotions that you can sign up for and take advantage of. There are certain countries, such as Sweden, where the online casinos are strictly limited to one bonus or one promotion; however, the vast majority of EU casinos are not subject to such restrictions and offer a great online casino experience.

When it comes to the popularity of EU online casinos, it is growing year on year. There is plenty going in their favour and more people than ever before are shifting to online casinos rather than having to go down to the casino themselves. The fact that they can access these EU casinos from their smartphones, wherever they are, means it’s easier than ever before to win big at a casino online and have a good time.

 

 

 

 

Continue Reading

Latest News

William Hill Announced as Official Betting Partner of Qipco Guineas Festival

Published

on

Reading Time: 2 minutes

 

Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024

William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.

It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.

The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.

Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.

“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.

“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”

Newmarket – 2,000 Guineas: May 4, 2024

City Of Troy 4/6
Rosallion 4/1
Notable Speech 12/1
Henry Longfellow 12/1
Night Raider 16/1
Alyanaabi 16/1
Ancient Wisdom 16/1
Task Force 16/1
Ghostwriter 16/1
Iberian 20/1
BAR 25/1

Newmarket – 1,000 Guineas: May 5, 2024

Fallen Angel 7/2
Ylang Ylang 4/1
Dance Sequence 5/1
Ramatuelle 10/1
See The Fire 12/1
Content 12/1
One Look 14/1
Pretty Crystal 14/1
Buttons 20/1
Purple Lily 20/1
Porta Fortuna 20/1
Star Style 20/1
BAR 25/1
Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

SaaS-builder for partner program development and performance marketing optimization

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Advertisement

LEADING AFFILIATE MARKETING SHOW

Trending (Top 7)

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

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