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Videoslots well set for further success after two award wins

George Miller

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Videoslots well set for further success after two award wins
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Operator named One to Watch at GIAs and Slots Operator at IGAs

 

13th February, 2018 – Leading online casino operator Videoslots.com has been recognised at two leading awards ceremonies for the gaming sector in the past week.

Videoslots was named Slots Operator at the 11th International Gaming Awards at a lavish ceremony at Grosvenor House, London, on the eve of ICE 2018, where it was recognised for its commitment to a social, interactive experience and vast number of slots available.

The operator has now won the same award for three consecutive years and has plans to improve its content and introduce various new features to ensure it makes it four in a row.

This was followed up at the Gaming Intelligence Awards where it was named One to Watch on the back of its customer-focus and new product innovation, with its Battle of Slots product continuing to lead the industry and the recent purchase of now-defunct PKR’s poker technology.

Gaming Intelligence commented on how Videoslots has gone from a “minor industry player to a company that made significant gains in 2017” having found “faults in established industry wisdom and pursued an alternative path”.

CEO at Videoslots.com, Alexander Stevendahl, who was on hand to collect both awards in London, said: “When we formed we knew the online casino industry could offer a far more engaging product to customers, and we’ve done all we can to introduce new features, the best slots and the most passionate people behind the scenes to do so.

Being recognised by our industry peers is a fantastic honour and we’ll proudly show off these awards in our office, but with the customer remaining our sole focus, we won’t stop there and will continue improving our service however we can.

Having also been awarded with four Meister Awards, the start of 2018 has been particularly successful for Videoslots, and with it launching a new poker product later this year, success looks set to continue.

 

About Videoslots.com

Founded in 2011, Videoslots.com is an award-winning online casino with the widest variety of games in the industry.

With an unparalleled range of more than 2,100 slots and table games from trusted providers, Videoslots.com offers a premium gaming platform to customers, enhanced by innovative new promotional concepts including Casino Races and Battle of Slots. It aims to create a unique entertainment product via technical excellence, exceptional customer service and the latest game play innovation.

Videoslots.com also provides market-leading customer protection with its industry-first Max Bet Protection, allowing players to select their maximum bet limit per spin, and robust compliance procedures. It won the 2016, 2017 and 2018 Slots Operator award at the IGAs and was winner of Best Casino at the 2015, 2016 and 2017 Casinomeister Awards.

Videoslots.com is owned by Malta-based parent company Videoslots Ltd, and holds licences in Malta, the UK and Curacao. For more information, please visit www.videoslots.com.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Asia

Vietnam to reduce tax incentives for casinos in SEZs

Niji Ng

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Vietnamese officials are planning to reduce tax incentives previously promised for casino operators in the country’s special economic zones (SEZs).

The Standing Committee of the National Assembly, while discussing the draft law for Vietnam’s SEZs, is expected to announce this. This is following criticism from some Assembly delegates that plans to offer tax incentives to gaming operators in Van Don in Quang Ninh Province in the north, Bac Van Phong in Khanh Hoa Province and Phu Quoc in Kien Giang Province in the south are too generous.

Under the previous proposal, projects in Vietnam’s SEZs would be granted a 100 per cent tax deduction for the first four years of operation, 50 per cent for the next five years and 10 per cent for another 21 years before reverting to the standard tax rate.

The new proposal would see them paying preferential corporate income tax of 17 per cent from the day of opening for the first five years and a higher excise tax, up from 10 to 15 per cent, for the first 10 years. Unlimited land and sea lease exemptions would also be scrapped and the exemption period slashed to a maximum of 30 years in Van Don and Bac Van Phong and 20 years in Phu Quoc, according to local media.

Source: asgam.com

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Australia

Gambling expert moots WADA-style anti-corruption unit

Niji Ng

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Charles Livingstone, an Australia-based gambling expert, has called for an international anti-corruption unit to monitor athletes, much like the World Anti-Doping Agency (WADA) that monitors illegal drug-taking by athletes.

He said he hopes the US entry into live sports betting might help his efforts for an international anti-corruption unit to monitor athletes.

Charles Livingstone is the head of the gambling and social determinants unit at Melbourne’s Monash University. He has been calling for several years the formation of the monitoring agency for potential corruption among athletes.

 “Now that the United States is going to allow gambling on sporting events, I’m hoping it might become a real possibility,” Livingstone said.

A US Supreme Court decision last week clearing the way for states to legalise sports betting came 10 years after Australia’s highest court did similar to allow more widespread betting on sporting events Down Under.

After a gambling agency challenged existing laws, a 2008 Australian High Court decision removed restrictions preventing bookmakers licensed in one jurisdiction from advertising in another. This change prompted the entry of international corporate bookmakers into the Australian sports market to capitalise on the country’s penchant for both gambling and sport.

It has spurred a whole range of new betting options, including some on minute detail.

Livingstone said one way to reduce the potential for corruption among athletes would be to stop so-called “spot betting” where gamblers can bet on such things as how the first points in a game might be scored, or when the first double-fault might occur in a tennis match.

Australian rugby league player Ryan Tandy was convicted of trying to manipulate the first score of a 2010 National Rugby League match and a former Australian Open junior champion was banned for seven years for purposely losing the first set of a match at a low-level tournament.

“Ban spot-betting,” Livingstone says bluntly. “There is enormous potential for corruption. It’s a small step from there to starting to throw games.” He says a WADA-style agency monitoring corruption could also help educate athletes, as the anti-doping agency does.

Government figures show that 80 percent of Australians gamble, the highest percentage of any country (Singapore is second, Ireland third) although that figure includes those who might bet once a year on a horse race or play the lottery. More than a billion Australian dollars ($758 million) is spent each year on live sports gambling in the country.

Source: AP

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Genting aims to land first casino license in Andorra

Niji Ng

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Photo credits: www.casinonewsdaily.com
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Genting Group, a Malaysia-based tourism and gambling company, has submitted a massive bid of $164.6 million to obtain the first casino license in Andorra, the tiny mountainous independent principality between Spain and France.

Genting has submitted its bid through its UK unit.

To enter its bid, Genting teamed up with Andorran businessman Marc Giebels van Bekestein, British investor David Gray and Arc Resorts President Mark Vlassopulos. If approved, 70 per cent of the venture will be held by Genting.

Genting has proposed an integrated resort (IR) project for Andorra that would create 400 permanent jobs and 600 temporary construction jobs. The project would offer two floors of private rooms and suites, a spa and a “gastronomy market.”

Genting currently owns 43 licenses in the UK. It operates the Resorts World Birmingham, worth approximately $201.5 million. The Andorra casino resort would be the company’s first on continental Europe.

Other bids have been submitted by France’s Partouche, Barrière, Raineau and Casinos Austria. The winner of the project is expected to be announced by the end of June.

Andorra is on a mission to increase tourism in the area. The regional government enacted legislation two years ago that would allow casino gaming. Licenses would be valid for 20 years and would be contingent upon a minimum investment of $11.7 million (€10 million). Additionally, the Andorra Tourism Board participated in the ITB China event last week. Ctrip International, a Chinese provider of travel services, and the board’s Joaquim Tomas held talks regarding opening new markets and upgraded travel products to increase bilateral cooperation.

Genting was founded in 1965 and is headquartered in Kuala Lumpur, Malaysia. It operates and markets casinos and IRs around the world, including in the Americas, Malaysia, Australia, Singapore, the Philippines and the UK. Its annual revenue is estimated at around $2.23 billion.

Source: calvinayre.com

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