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Finns flock to work in Online Casinos in Malta

Niji Ng

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Photo source: genesoul.net
Reading Time: 2 minutes

It is quite well known that Malta is one of the most sought-after-places for online gambling. The reasons are not exactly rocket science. Friendly government regulations and favourable tax regimes are what attract gaming companies to this tiny island.

What is less known though is the number of Finnish citizens working in the gaming companies in Malta?   Apart from Finland, other European countries such as Sweden, Portugal, Slovenia and the Czech Republic do not allow any commercial online gambling operators and the government hold monopoly on the lottery and actual and virtual casinos. Some of the European countries, UK, Italy, Latvia, Luxembourg, Malta, Slovakia, and Estonia, have a fully or partly deregulated online gambling market.

Malta has over 300 companies in the gaming sector, employing around 12,000 people. Among those who have moved there are at least 400 Finns. Malta has thus been called “The Silicon Valley of Casinos.”

While only Veikkaus, PAF (Åland equivalent of Veikkaus) and Finntoto are allowed to offer online and offline gambling to the Finnish population, there are up to 100 international sites offering Finnish language gambling sites. Veikkaus and Paf also operate actual casinos and plenty of slot machines in Finland.

Finland’s slot machines for gambling situated in public places are exceptional for Western countries. As the cashier at a till hands over a coin as change, many Finns advance to the slot machine by the entrance in a routine-like manner to try their luck. In other Western countries, such a habit is very unordinary.

“In other countries gambling machines are usually situated in casinos, restaurants, and bars, whereas in Finland they are a part of people’s everyday life in shops, kiosks and petrol stations,” says development coordinator Tapio Jaakkola from Gambling Clinic (Peliklinikka), specialised in gambling addictions.

A valid argument offered by the government in regulated countries is preventing gambling addiction and the resulting financial crisis to individuals by limiting the amount people can gamble and on the other hand recycling the profits to the society for good causes. Veikkaus and PAF return the majority of their profit to culture, sports, research and other social causes. The third argument is the reliability of the gambling operator. Government-owned companies do not cheat.

Same could not be said about commercial online gambling sites and because of the vastly unregulated international market and difficulty of control, there is no guarantee that sites could be reliable. Several services such as Kantacasino.com have tried to solve this problem by star ranking and auditing online gaming sites based on reliability, the number of games available, offered bonuses, and user-friendliness of sites.

According to the Ministry of health of Finland, 2.7 per cent of Finns in the age group of 15–74 suffer from gambling problems at different levels. That is 110,000 Finns. Gambling problems are three times more common among men than women (men 4.7 per cent, women 1.6 per cent). The change of the age limit (K-18) in 2011 has significantly reduced gambling within the group of young males. Gambling among girls was rarer already before the amendment. There are several different sites offering help and information for people with gambling problems, such as Pluuri, Gametalk and Peli poikki.

Source: helsinkitimes.fi

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Week 50 slot games releases

George Miller

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Week 50 slot games releases
Reading Time: 4 minutes

 

Check out this week’s latest slot releases from across the industry!

 

First up we’re gonna sail to glory in Blueprint Gaming’s Vikings Unleashed Megaways™! Set in the hazardous waters of the North Sea, Blueprint’s latest release sees the fearsome Viking warriors unleash their fury onto the reels, with 117,649 ways to win thanks to the MegaWays™ mechanic, under licence from Big Time Gaming.  “Players will need to be fearless in the face of battle in our latest slots release, Vikings Unleashed Megaways™. – said Jo Purvis, Director of Marketing and Relationships at Blueprint Gaming.

 

 Blueprint Gaming’s Vikings Unleashed Megaways™

 

This week Konami Gaming, Inc. announced the launch of its Concerto Opus cabinet following documented success at trial locations. “Konami has hit the jackpot on the new Opus cabinet. With the large single screen display, the graphics and bonus rounds really provide our players with an exciting experience,” – added Stacey Young, vice president of slot operations at Motor City Casino Hotel in Detroit, Michigan.

Konami's Big Screen Opus Machine slot

 

 

NetEnt released a super sci-fi slot called: Wild-O-Tron 3000 !Set in a 1960s robot lab, Wild-O-Tron 3000TM is a science fiction-themed video slot that transports players to a time when the genre was popularised. “Packed with cyborgs and transforming robots, Wild-O-Tron 3000 will resonate with sci-fi fans and gamers that love stacks and Wild symbol driven games,” – commented Bryan Upton, NetEnt Director of Game Products.

NetEnt's super sci-fi slot Wild-O-Tron 3000

 

 

We’re gonna explore the Russian folklore with the help of Quickspin in their latest slot: Ivan and the Immortal King! The video slot takes players back into the enchanted past of ancient Russian folklore.

Quickspin - Ivan and the Immortal King slot

 

 

Wazdan’s 19th HTML5 game release of the year, Slot Jam, is packed with fruity goodness. This is another new generation slot from the innovative slots-manufacturer which is attracting the attention of all the top operators and aggregators. Slot Jam showcases Wazdan’s world’s-first Volatility Levels™ that allow players to set the game to a low variance where the game has more frequent but smaller wins.

 Slot Jam from Wazdan

 

 

With Endorphina’s latest releases back to back, they definitely now how to keep us all on our toes. With this latest Lucky Streak 2 release, the ice and snow in these winter days can’t compete with Endorphina’s fire and hot wins! This game is absolutely perfect for those players who prefer easy game mathematics and some juicy and fruitilicous wins.

Lucky Streak 2 slot

 

 

Realistic Games is offering players the chance to explore the enchanted forest with its exciting new slot, Spin Dizzy. Filled with woodland magic including toadstools, pots of gold, and four-leaf clovers, the game promises to keep players spellbound with its mysterious features.

Realistic Games Spin Dizzy slot

 

 

Microgaming takes players to a world filled with magic and enchanted riches with Book of Oz slot! Brimming with fantasy, magic and adventure, the game welcomes players into a world filled with enchanted riches. Featuring Wilds, Scatters, Free Spins and Re-Spins, the fantasy themed slot encompasses whimsical art and captivating symbols. “We are extremely excited to release Book of Oz, our fifth game this year under the Triple Edge Studios brand. This has been the most fun we’ve had developing a game and the Re-spin feature is a brilliantly fun addition.” – explained Brendan Walton, Design Lead at Triple Edge Studios.

Microgaming's Book of Oz

 

 

Blockchain casino platform provider FunFair Technologies, is setting sail on the high seas in search of pirate plunder with the release of its newest title Bounty on the High Seas. Bounty on the High Seas sits alongside FunFair’s growing portfolio of smart-contract based games, including Fate of Thrones and Treasures From the Crypto, offering the same high-spec animation, mechanics and audio that players have come to expect from a FunFair title.

 FunFair's Bounty on the High Seas

 

Bgaming will make slot players smile broadly with their slot release: Bob’s coffee shop! The idea of the slot totally inspired by the famous Amsterdam coffeeshops, if you have ever been to Amsterdam and it’s your favorite place in the world, Bob’s Coffee shop will definitely be the “love at first sight”. The game runs on an HTML framework, supports cryptocurrencies and fiat currencies.

Bgaming-Bob’s coffee shop

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Online sports betting legalized in Brazil

Niji Ng

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Online sports betting legalized in Brazil
Photo Source: economist.com / Michel Temer President of Brazil
Reading Time: 1 minute

 

In a significant development in South America, the continent’s largest country Brazil has passed a bill to legalize sports betting in the country. President of Brazil Michel Temer passed Bill MP 846/2018  to effect income redistribution from federal lotteries and legalize online sports betting.

The new bill will offer directions on how to divide the revenues from lotteries among the Culture, Sports and Security portfolios.

It should be noted that the bill observes a two-year term for the Ministry of Finance to regulate the conditions needed for the exploitation of online sports betting through licenses, and estimates that the annual collection reaches USD 255M for Public Safety, USD 161M for Sports and USD 113M for Culture.

For several analysts, the approval of this law represents a great victory for the sector and a possible first step for the regulation of all types of games of chance. Currently, two projects are waiting to be analyzed by Congress; although the new authorities headed by the elect president Jair Bolsonaro do not seem to be particularly predisposed to a wider opening of the game in the country.

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Gambling in the USA

GAN plc: New Jersey’s online gambling revenue rises in November

Niji Ng

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GAN plc: New Jersey’s online gambling revenue rises in November
Reading Time: 1 minute

 

GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, updated the market following the publication on December 12, 2018 by the New Jerseys Division of Gaming Enforcement (DGE) of Internet gaming and Internet sports betting financial information for the calendar month of November 2018 in New Jersey.

According to the latest financial report of the New Jersey’s Division of Gaming Enforcement,  online gaming win for November in was $26.9 million in November, which represents a 30.7% hike year-on-year.

The total revenue from internet sports wagering was about $238.6 million for the month of November 2018, a rise of 36.8% from from the previous month.

Sports wagering gross revenue was $21.2 million, $11.7 million more than the previous month’s revenue.

GAN is a leading business-to-business (B2B) supplier of internet gambling software-as-a-service solutions (SaaS) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK„¢, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.

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