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Finnish gambling market projections


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Finnish gambling market projections
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Veikkaus, which is a Finnish state-owned company, has the monopoly over all gambling activities in the country. The company provides a wide array of games, including the Finnish national lottery, fixed odd betting, football pools, scratch tickets and so on. In total, there are 20 different kinds of games organized by the company. Most of its revenues are derived from the national lottery, which is extremely popular among the Finnish population. Interestingly, Veikkaus is managed by the Finnish Ministry of Education and the proceeds from its operation are channeled back to it. In 2010, these profits amounted to 463 million euros. The rules of the games, on the other hand, are controlled by the Ministry of Internal Affairs.

This model of regulating gambling activities in the country has been ubiquitous in the Nordic countries, but recently a new trend of liberalization has emerged. The national monopolies are having a harder time maintaining a customer base as people are switching to the online casinos, which are more difficult for the authorities to keep away. Internationally licensed online gambling providers are still able to reach the customers in countries where it is illegal for privately owned companies to provide these services. Some countries have tried to employ the banking sector in order to limit the power of such companies to process transactions for the customers. There has been a case of resorting to Apple in order to remove some gambling applications from the App Store as well.

As stated by the editor of the Finnish website Netti-casino.biz, it is interesting to see what path Finland will take when it comes to liberalizing the gambling market. There is a precedent for both liberalization as well as toughening of the regulations. Sweden and Denmark are already accepting applications from private companies for gambling licenses, while Norway is trying to strengthen the hold of its national monopoly over the market. There are no signs as to which direction Finland will follow yet. There are some obvious advantages to be had with liberalization. The government is not able to collect taxes from underground markets, which emerge when activities that are in demand are banned by the regulators. With a regulated market, it could see a surge in the tax revenues.

Online gambling is gaining popularity in Finland

Veikkaus’ revenue report shows an increase in the share of the digital activities. The company’s digital revenue increased by 10% from last year and in Q1 comprised 44% of the total revenues generated. The number of weekly active online customers stands at 626,000, which is an 11% increase. This shows that the monopoly is coping successfully with international providers, which might give the regulators less incentive to liberalize the market. Veikkaus claims to have captured 90% of the online market and furthermore, plans to “renew the company’s strategy in 2018 to respond to the strong change in the operating environment.”

Source: http://netti-casino.biz/casinouutiset/ennuste-suomen-rahapelimarkkinoille/

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SIS signs landmark 24/7 racing deal with BetConstruct

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SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, has signed a deal to integrate its offering onto the platform of leading global provider BetConstruct, starting with its 24/7 Live Racing Content.

The landmark agreement brings high-quality racing content from around the world to BetConstruct’s extensive network, adding significant value for the provider’s operator partners. BetConstruct is a global award-winning technology and services provider for the online and land-based gaming industries and its platform boasts a vast network of global operators.

The deal represents an important step within the stated ambition of SIS to further develop relationships with leading platforms.

Following completion of the integration process, BetConstruct’s partners will gain access to 24/7 Live Racing Content that provides operators with profitable short-form content throughout the day. The content comprises an annual total of over 35,000 horse races and 38,000 greyhound events, taking place at over 170 racecourses across five continents. All racing content is supplied as an end-to-end solution including live streamed pictures, data, commentary, on-screen graphics with betting triggers along with an extensive range of markets and prices.

This delivery of profitable short-form content throughout the day offers a betting event every three minutes, with the BetConstruct agreement further boosting the ever-growing number of leading operators that benefit from SIS’ revenue-boosting services.

Andy Kelly, Commercial Manager (UK & Europe) at SIS, said: “We’ve been extremely open that SIS has a strategic goal of strengthening its partnerships with platforms and distributors. BetConstruct has an excellent global reach that allows for significantly more operators worldwide to have access to the best racing products on the market. It has also been a pleasure working with the BetConstruct team and I am looking forward to a long and successful partnership.”

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Kwalee Reaches One Billion Mobile Games Installs Milestone

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Kwalee Reaches One Billion Mobile Games Installs Milestone
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Kwalee, a leading global game developer and publisher, is ecstatic to announce that its mobile app games portfolio has reached the much-anticipated milestone of 1 billion installs. This achievement is a testament to the hard work and dedication of the entire Kwalee team, partners and the support of its loyal players. Kwalee games have been downloaded on every continent – even Antarctica.

Founded in 2011, Kwalee has become the leader of hypercasual mobile game development in the UK, and its success prompted the company to open studios in India, China, and Portugal. It has consistently delivered fun and innovative titles such as Draw it, Teacher Simulator, and Airport Security. Kwalee has over 45 chart-topping games, and with over 200 million installs last year alone, it has accelerated towards the 1 billion install milestone.

Kwalee CEO, David Darling CBE, says, “We’re elated to reach this milestone. As a founder of Kwalee and someone with a long history in the games industry, it’s incredibly rewarding to see us reach this level of success. I’ve always been passionate about creating games that bring joy and entertainment to people, and to have reached one billion installs is a clear indication that we’ve been able to achieve that goal.

We’ve always believed in the potential of mobile games as a medium to connect people from all walks of life. I’m incredibly proud of our team and their work to get us to this point, and I’m excited to still be playing Kwalee games when we hit 2 billion installs.”

First introduced in 2017, Creative Wednesdays was one of the defining innovations that enabled Kwalee to achieve this astronomical success. Team members in all parts of the business are given the freedom to pitch games and share in the profits if they become a success. Every week, in addition to hearing new pitches, the full Kwalee team gathers in person and remotely to share news, trends and play a new game together. This creative culture has helped Kwalee attract top talent, with the team reading tens of thousands of applications a month for its many remote and hybrid vacancies.

In addition to the success of games developed in-house, Kwalee has built a strong community of third-party game developers from around the world. Games such as Rocket Sky, Let’s Be Cops 3D and Build Your Vehicle were all developed by independent studios. They partnered with Kwalee to benefit from industry-leading marketing, monetisation, funding and development guidance from Kwalee’s expert hypercasual and casual teams. Developers are encouraged to sign up to Kwalee’s Publishing Portal to access free coaching and game testing.

Its strong marketing credentials and commitment to collaborate closely with talented game developers have made Kwalee the partner of choice for established and up-and-coming mobile game developers. Over a tenth of its billion installs have come from publishing external developers, with a success rate recognised by industry awards – Kwalee won Publisher of the Year at both the TIGA and Mobile Game Awards in 2022.

On this special occasion, Kwalee thanks its players, developers, and in-house teams who have driven this success. The company is thrilled to continue growing and expanding its community of players and is looking forward to many more years of successful mobile, PC and console game development.

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How Online Gambling Has Become Popular

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Online gambling has become quite popular in recent years. This is due to the fact that the technology has improved and many people have found it very easy and secure to play online. The sites also offer high payouts and the odds are very clear and transparent. Gambling can be a fun and social experience and is a great way to make a profit.

Online Gambling Is Very Profitable

Online gambling is a booming industry, and if you know what you are doing, you can earn a nice sum of money. You may want to look into online casinos for more information, or just have a look around for yourself. The Internet is a wonderful place for gamblers to find the latest non GamStop casinos, and you can even take advantage of a free no deposit bonus if you’re interested.

When it comes to online casinos, the best one for you depends on your preferences. It is important to choose one that is legitimate, offers the best bonuses, and has good customer support. To boost your chances of winning, it is also important to keep a watchful eye on your bankroll.

Choosing a top notch online casino can help you reap the rewards of the hard work you put in. Whether you’re playing table games, card games, or slots, you’ll be able to find the best online casino for you. Depending on your gambling habits, you may have a better shot at success if you play in a land based casino instead of an online one.

Among the most popular games offered by online casinos are blackjack, poker, and roulette. Considering how many people are betting on these games, it makes sense to have a reliable, trustworthy site that has your back. There are many advantages to choosing an online site, including the ability to bet on a variety of games, a wide array of betting limits, and no need to leave your home.

Technology Has Improved Online Gambling Sites

Technology is constantly being improved to enhance the overall experience of playing online casino games. As a gambler, you should learn more about how tech is changing the gaming industry. This will help you get the most out of your gaming experience.

One of the most exciting technological advancements is the use of artificial intelligence in the casino industry. Artificial intelligence helps casino companies develop games and tailor other services to their players. It is also used to predict the behavior of gamblers.

Other tech improvements include virtual reality, which allows gamers to interact with dealers in real time. It offers high-quality visuals and audio. In addition, it provides a more realistic game design.

Players can bet and play from the comfort of their homes or anywhere. Online gambling sites offer payment options such as digital currencies, debit cards, and net banking. These options offer secure and anonymous transactions.

A number of online casinos have implemented encryption technology. This ensures that any personal information cannot be stolen. Another technology is cloud computing, which enables gamblers to play their favorite games from any location.

In addition, most online casinos utilize E-wallets, such as PayPal, Neteller, and Skrill, allowing players to make payments and deposit funds instantly and securely.

With the introduction of cloud computing, gambling sites are able to create and release new games quicker. Casinos are also able to analyze player feedback to improve their product offerings.

Online Gambling Sites Are Secure

If you want to play casino games online, you have to be careful about choosing the right site. You need to make sure that the site is legal and secure. Besides, you need to have a proper payment method.

The best online casinos are the ones that use Secure Sockets Layer technology. This technology ensures that all your information is protected during all your transactions. It also helps to prevent online fraud.

Another way to ensure that the site you choose is safe is to check its reputation. Look for online testimonials and customer feedback. There are several sites that offer these services.

You can also search for a site’s license number. Some betting platforms that don’t have a license number are dubious. On the other hand, licensed gambling sites ensure that your money is safely deposited, that your account is secure, and that your games are fair.

Online casinos also provide a variety of secure payment methods. E-wallets are simple alternatives to traditional bank accounts. They are also less risky for online fraud.

When you are choosing an online gambling site, read its terms and conditions carefully. Be aware of any bonuses and promotions, as some of these can be illegitimate. Also, keep track of any unusual activity on your account.

Lastly, make sure that the casino has reliable customer support service. A lot of the top sites have 24/7 customer support.

Online Gambling Can Be a Social Experience

Online gambling can be a social experience, but not all games offer this kind of connection. Some games like online poker and social casino gaming allow players to interact with other users and win in a non-confrontational environment. This type of interaction may be a gateway to other types of online gambling. Moreover, playing with other players can help protect gamblers from losing too much money.

Although the concept of online gambling as a social experience is often associated with ‘risky’ gambling, the truth is that this isn’t necessarily the case. While traditional gambling activities don’t generally involve any kind of social interactions, social networks are often used to celebrate wins and share wagering tips. In the process, they normalize gambling. They are also an important component of the identity constructions of gamers.

The emergence of online communities has changed the way people engage with the world. Gambling networks can be a powerful tool to negotiate problem gambler identities. For example, they offer a safe space where women can feel comfortable discussing their gambling problems without feeling pressured. Moreover, they are an anonymous way to find advice.

 

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