Connect with us
SIS

Industry News

EU Online Poker Market Took Big Leaps Forward in 2018

George Miller

Published

on

EU Online Poker Market Took Big Leaps Forward in 2018
Photo Source: EuropeanCommission
Reading Time: 3 minutes

 

Throughout much of the first decade of the 21st century, poker was one of the most popular games to play online. In the middle of that decade, poker’s popularity soared to heights that put the game in the history books. That poker boom was primarily spurred by Chris Moneymaker’s 2003 World Series of Poker Main Event victory, courtesy of a PokerStars satellite tournament online.

Online poker sites popped up everywhere in the years that followed. Every sports betting site established an online poker vertical, and every player logged on to at least one of them to live their version of the poker dream. There was merchandise to win, fame to claim, tournament travel packages to win, and millions of dollars on the line. Poker was on every computer and television, and everyone could dream of becoming a poker pro.

However, the US government made a move that began to change it all. In 2006, the United States Congress passed the Unlawful Internet Gambling Enforcement Act, which was subsequently signed into law. Its language was murky, but it was threatening enough to force several online poker operators – most notably PartyPoker – out of the US market.

Several years later, on a day that became known as Black Friday, the US Department of Justice seized the domains of PokerStars, Full Tilt, UltimateBet, and Absolute Poker on April 15, 2011. The indictments of online poker executives and the shutdown of insolvent companies created a snowball effect that changed the poker world forever.

The poker boom was over. And a new era of nation-based poker markets began.

Pieces of the Poker Pie

Governments in some nations around the world began to see internet poker as an industry that only benefited the companies themselves, and governments were not receiving what they viewed as their fair share of the revenues.

Italy was one of the first countries to call for a ban on dot-com poker sites and require operators to obtain licensing from the Italian government to service only Italian players. This gave the Italian regulator, AAMS (Amministrazione Autonoma dei Monopoli di Stado), the ability to control what type of gambling was offered in the country and the revenue derived from it.

Other countries followed suit. France, Spain, and Portugal were just a few of the countries in Europe that took the same approach, establishing regimes within their borders to keep players from competing on dot-com poker sites.

While all of these countries believed they were grabbing their pieces of the poker pie, they neglected to realize that online poker thrived because of the liquidity, the ability for players around the world to compete at the same tables, which allowed sites to offer bigger cash games, tournaments, satellites, etc. When countries separated their players from the rest of the world, the liquidity disappeared, and so did much of the appeal created by the poker boom.

Building Partnerships

Regulators in Spain, France, Italy, and Portugal began to see the benefits of liquidity. And they figured out a way to share players – thereby enhancing the player pools and opportunities – while also keeping the revenue from sites registered within their countries.

In the summer of 2017, after several years of talks among the four regulators, their representatives gathered in Rome to sign an agreement to share online poker action.

The process moved quickly for Portugal, which had only one poker site – PokerStars – registered in its market. In fact, PokerStars was the only site available in all four countries, and it also had experience with the technology necessary to establish a shared poker network. Spain and France launched their combined PokerStars tables in the first quarter of 2018, and Portugal soon joined as well.

From there, it took only a few months for PartyPoker to share its French and Spanish poker players, and Winamax did the same shortly thereafter. Most recently, the iPoker network of sites that includes BetClic, Betfair, Unibet, and Casino Barcelona, received its final approval to share poker online in France and Spain and will launch before the end of 2018.

As the European market grows, players in those countries can return to the tables with more tournaments, bigger guarantees, and more opportunities to play the kind of lucrative games that were available during the poker boom.

Future Growth

The growth of the shared EU online poker market is limited due to the number of players in those countries. And without the cooperation of Italy, which is now working toward more online gaming bans due to a change in governmental views, there is a cap as to how big the market can become.

Countries like Switzerland and Sweden are opening their markets to licensing and could soon have regulated markets that are solid and seeking growth. That growth is available in the European partnership that is already established and showing what shared poker liquidity can do. Further growth lies in new markets joining that partnership.

George Miller 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.

Continue Reading
Advertisement
Comments

Industry News

Big Win at Svenbet on Wazdan’s Great Book of Magic Deluxe

George Miller

Published

on

Big Win at Svenbet on Wazdan's Great Book of Magic Deluxe
Reading Time: 2 minutes

 

Last week one lucky player secured €90,775.02 in total winnings following a streak of wins playing Wazdan’s Great Book of Magic Deluxe at Svenbet’s online casino.

Svenbet offers a diverse portfolio of casino and live casino games, virtual sports betting, skilled games and pool betting. They cherry-pick only the best gaming providers to bring players a selection of seamless online and mobile experiences.

In what was sure to have been a thrilling day for the fortunate customer on the Svenbet site, there was not just one big win, but a variety of smaller wins that made up the final pot. Nail biting highlights of the triumphs included a €26,125 win during the bonus game with one bet of €100, not one but two €25,000 wins with bets of €100, a €23,500 win during the bonus game with one bet of €100, and a €19,825 win during the bonus game with one bet of €100.

Taking advantage of Unique Wazdan Features, the player opted to spin the reels in Ultra Fast Mode and change the Volatility Levels™ throughout the gameplay. Wins were hit on both Standard and High Volatility Levels™, with the player taking home a massive €90,775.02 at the end of the day.

The game in the spotlight, Great Book of Magic Deluxe slot is a Wazdan favourite featuring five reels, 20 pay-lines and a variety of special symbols, including Free-Spins-awarding Scatters and Expanding Bonus Symbols. In addition to the Unique Wazdan Features of Ultra Fast Mode and Volatility Levels™ that were used in the player’s recent win, Great Book of Magic Deluxe also offers the Unique Wazdan Features of, Double Screen Mode, Unique Gamble Feature and Energy Saving Mode.

Regarding the momentous win, Head of Sales at Wazdan, Andrzej Hyla, says: “We are beyond thrilled to see a player win such a significant amount playing one of our beloved games, Great Book of Magic Deluxe. This game is a favourite among both players and operators, and we are really happy to see that the player’s dedication to spinning on Great Book of Magic Deluxe played off generously for them. As we have been expanding significantly of late, we look forward to more games being played and announcing even more of these exciting wins in the future.”

For further information visit www.wazdan.com

 

ABOUT WAZDAN:
Wazdan is a popular game producer, developing innovative casino games that deliver an original, fun and truly omni-channel player experience. Offering an extensive game library of over 105 HLML5 slots, table games and video poker games, Wazdan is gaining popularity in the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of popular titles Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns as well as amazing new slot games including Los Muertos™, Mayan Ritual™ and Captain Flynt™ amongst others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility Level™, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of European trademarks including a trademark for their world’s-first Volatility Level™. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales team is showcasing their products at ICE in London from 5-7 February 2019 on stand S8 202.

Continue Reading

Industry News

AskGamblers Awards 2019 Winners Have Been Announced

George Miller

Published

on

AskGamblers Awards 2019 Winners Have Been Announced
Reading Time: 2 minutes

 

After more than 3 months of the voting phase, AskGamblers Awards 2019 finally have their winners! The AskGamblers Awards 2019 ceremony took place on the 17th of January 2019, in Hyatt Regency in Belgrade.

 

The AskGamblers Awards 2019 winners have been announced at the crowning gala event, that took place yesterday, January 17th, 2019, in Hyatt Recency hotel in Belgrade, Serbia. AffiliateINSIDER was the AskGamblers’ official media partner and the ceremony was attended by the AskGamblers Awards team members, the finalists, and the key stakeholders from Catena Media office, from Malta.

There were 10 final contenders in each of the categories: Best Casino, Best New Casino, Player’s Choice, Best Partner, as well as the Best Slot released in the year 2018. Altogether, there were 8 software suppliers nominated in the Best Game Provider category. Now, without a further ado, here’s an entire list of the AskGamblers Awards 2019 Winners:

• Best New Casino: Campeonbet Casino

• Best Casino: Betsson Casino

• Player’s Choice: BitStarz Casino

• Best Partner: 7Stars Partners

• Best Slot: Legacy of Egypt by Play’n GO

• Best Game Provider: NetEnt

Denis Ristic, AskGamblers Product Owner, shared the excitement: “We are very proud that the AskGamblers Awards event is getting bigger and better. It’s only the second year and we are already noticing that the Awards have made an impact on our regular users, while reaching new players and creating a real buzz in the world of online casinos.

The event itself is a great opportunity for us to meet with our dear colleagues and partners from the iGaming industry sector and we look forward to seeing how the AskGamblers Awards will progress in the future. Once again, we would like to congratulate all the winners and thank all the players who took the time to vote and help us single out the best candidates!”

To find out more about the AskGamblers Awards 2019 ceremony and the winners, feel free to visit the AskGamblres Awards website anytime.

 

About AskGamblers:

AskGamblers, officially the Best Casino Website in 2016 and 2017, provides the most trusted, unbiased online casino, slot, and bonus reviews. It also features real player opinions and ratings highly valuable in the iGaming community. Thanks to its unique Casino Complaint Service, over $20 million has been returned to players thus far. Get the truth, then play!

Continue Reading

Industry News

Rank Group appoints Tang Hong Cheong as non-executive director

Niji Ng

Published

on

By

Rank Group appoints Tang Hong Cheong as non-executive director
Reading Time: 1 minute

 

The Malaysian executive, Tang Hong Cheong has been appointed as a non-executive director at UK gambling operator Rank Group Plc.

He served as President and CEO of Asian firm Guoco Group since 2016. Tang Hong Cheong has also worked as Chief Executive of Malaysian investment conglomerate Hong Leong Group. His expertise as a C-level executive includes corporate financing, risk management, transformation projects and strategic planning.

“I am pleased to welcome Hong Cheong to the Rank board. Hong Cheong has been working with the management of Rank since 2010 and has a broad understanding of the operational, financial and business aspects of the Company,” Rank Group Plc chairman Ian Burke said. He added: “With Hong Cheong joining the board, he will be able to further enhance the communication between Rank and its major shareholder and, with his extensive commercial experience, be able to bring valuable contributions to the Rank board.”

 

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

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