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Finnish gambling market projections

Athira A

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Finnish gambling market projections
Reading Time: 2 minutes

 

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/

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Week 12 slot games releases

George Miller

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Week 12/2019 slot games releases
Reading Time: 4 minutes

 

It’s Friday already, so kick back and have a look at this week’s latest slot game releases!

 

We begin this week’s recap with Kalamba Games, who has delivered its latest stunning slot Hong Bao allowing players to open up the delights of the ancient Chinese tradition of the red envelope, which brings good luck and fortune. Hong Bao is exclusively distributed on the Relax Gaming platform via its Silver Bullet partner program. Alex Cohen, chief operating officer and co-founder at Kalamba Games, said: “Hong Baois a fantastic game with stacks of exciting new and familiar Kalamba features that are sure to have players thrilled and engaged.

 Kalamba Games’ Hong Bao

 

Betsoft Gaming sets the juice loose with its latest standout slot game, Fruit Bat Crazy. A new take on traditional cascading games, Fruit Bat Crazy allows players to build delicious combinations before smashing them in a single, seriously succulent splat.  In Fruit Bat Crazy, clusters of low-paying symbols always pop first, and symbols collapse on a combo-by-combo basis – so small wins will trigger their own cascades before big wins are calculated, increasing the chances of a deluge of delicious fruit.

 FRUIT BAT CRAZY-Betsoft

 

The nudge is king as NetEnt takes players deep into the jungle on a treasure hunt in search of ancient gold. There is more than meets the eye in Temple of Nudges™. Set among the exotic flora and fauna of a lush, verdant jungle, the 5×3 video slot with 243 betways combines nudges, symbol stacks and re-spins to deliver maximum excitement. “Nudges are a big favourite with players around the world and with us too, so we created a game that is all about nudges delivering great wins. The feeling we created when combining nudges with the re-spins, giving a chance for even longer nudges, is a pretty powerful one. Temple of Nudges™ will be a great and specifically crafted addition to our diverse and deep portfolio,” said Bryan Upton, NetEnt Director of Games.

 NetEnt’s Temple of Nudges

 

Greentube’s Home of Games keeps on getting better and better. The bar is about to be raised even higher with the addition of four of the most innovative casino games on the market enriching its portfolio, Jewels Match 3, Secret Trail Match 3, Sparkling Fruit and Jinxy Match 3. All four ground-breaking Match 3 titles will be available to B2B partners in the coming months. Match 3 games have opened a unique new casino game category of their own, combining the interactivity of a Match 3 game with the thrill of a classic slot.

Exceptional new casino game category broadens Greentube portfolio

 

Yggdrasil‘s latest casino slots gem, Dwarf Mine, tasks players to dig deep to discover hidden treasure and potentially massive wins. Throughout the game players are accompanied by a determined dwarf digger who uses his tunnelling machine to uncover underground valuables. His work is made simpler by drill-shaped Bonus symbols, which expand the reel set by revealing additional rows of symbols. Hitting three Bonus symbols during a single spin grows the reel set from 5×4 to 5×7 symbols and starts a Free Spins round with the enlarged reel set.

Yggdrasil - Dwarf Mine

 

Lightning Box has enhanced its partnership with leading UK operator William Hill after agreeing an exclusive omni-channel release of its latest title Lightning Leopard. The game was rolled out first on terminals in the bookmaker’s shops during ICE 2019, at the beginning of February, and will now be available for their online players for a special five-week period. Peter Causley, CEO of Lightning Box, said: “We have established a very good relationship with William Hill and it’s great to be able to launch Lightning Leopard exclusively both in their shops and online.“

Lightning Box - Lightning Leopard

 

Kalamba Games is adding a seasonal touch to its player favourite Mammoth Chase with an Easter egg hunt full of big wins to be discovered. Players can celebrate the holiday season with Mammoth Chase: Easter Edition which features traditional Easter characters and symbols such as bunnies, chickens and eggs. Mammoth Chase is one of Kalamba’s most popular slots, featuring stacked mammoth symbols that combine to award big wins, free spins with a frequent retrigger and multiplier wild symbols.

Kalamba Games’ Mammoth Chase gets Easter remake

 

iSoftBet, the market-leading online and mobile casino software provider, has released its latest blockbuster slot, the Egyptian themed Book of Immortals. The 5-reel, 10-line slot features classic characters from Egyptian mythology, such as feared God of the Dead Anubis, as well as a collection of fearsome gods and goddesses from Egypt’s fabled past. The lucky scarab symbol, covered with hieroglyphs, acts as a wild, with the Free Spins mode activated if three or more scarab symbols land on the reels simultaneously. As with all iSoftBet games, Book of Immortals is supported in both landscape and portrait modes when run on mobile devices and has a wide range of currency and language options.

iSoftBet - Book of Immortals

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Gambling in the USA

Rivers Casino Schenectady submits comment on legalising sports betting

Niji Narayan

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Rivers Casino Schenectady submits comment on legalising sports betting
Photo Source: albany.com
Reading Time: 1 minute

 

Rivers Casino & Resort Schenectady has submitted a comment on the New York State Gaming Commission’s proposed regulations for legalising sports betting in New York state. The regulations to authorise and regulate the conduct of sports wagering at the four commercial casinos licensed by the Gaming Commission, including Rivers Casino, are now open for public comment until May 20, 2019.

The following quote is from Rivers Casino & Resort Schenectady Acting General Manager, Justin Moore:

“We’re extremely pleased that sports betting regulations have been released for public comment and are looking forward to introducing one of the first licensed sports books in the state of New York at Rivers Casino & Resort Schenectady. It’s very exciting to be able to bring sports fans and sports bettors into the casino to place legal wagers for the first time.”

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Gambling in the USA

New Hampshire Passes Sports Betting Bill

Niji Narayan

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New Hampshire Passes Sports Betting Bill
Reading Time: 1 minute

 

The House of Representatives of New Hampshire has approved House Bill 480, which would legalise sports betting in the state. The bill will be sent to the Senate for further discussion.

The bill was passed in a 269–82 vote, with an amendment to the original proposal. The House decided that the bill needed work before allowing the arrival of sports betting in New Hampshire. Lawmakers set a limit of 10 retail sportsbooks in the state and the establishment of a council for responsible gambling. Furthermore, they clarified the prohibited events where sports betting would not be allowed. Collegiate sports events within the state, high school sports and amateur contests involving minors will be banned.

“We’re not creating a new industry here, we’re just bringing an illicit industry into a legalized industry,” Rep. Timothy Lang said. “If the bill passes, they’ll seek town approval to offer sports betting there. That’d be the kind of place you can go to sit and watch a game and place a bet,” he added.

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