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Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1

Niji Narayan

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Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1
Photo Source: thedenlingers.blogspot.com
Reading Time: 1 minute

 

Swedish iGaming regulator has revealed the financial report  for the first quarter. As per the results, the country’s  iGamning industry has posted a total turnover of €313.8 million. ATG, the former horse racing monopoly, led the market with a turnover of €102 million.

In January, online gaming turnover reached €106 million, slightly declined to €104 million in February and was flat in March.

The Svenska Spel Sport & Casino reported turnover of €55 million for the three months, €18 million in January, €18.3 million in February and repeated in March.

The newly-regulated Swedish iGaming market was launched on January 1, introducing major changes for the local industry, such as the rebrand of the local regulator and the introduction of new iGaming companies.

 

Niji Narayan 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. He reports gaming industry headlines from all around the globe.

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Industry News

Basics for joining an online casino

George Miller

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Basics for joining an online casino
Image Source: thelondoneconomic.com
Reading Time: 2 minutes

 

When you join an online casino, you will soon discover that there are a great number of betting opportunities available. You will be wondering just which game to start playing first, should it be roulette, blackjack or a game of baccarat? You will want to be playing as much as you can and that means playing at a mobile casino, but what features should you be looking out for?

Do some Research
There are many features that you will want a mobile casino to include. Do a little bit of research before you sign-up with a mobile casino. Find out the reputation of the company concerned, for example My Mobi Casino. Read some customer reviews to confirm that they offer a great service to their members.

Financial Security
Financial security is of key importance when becoming a member of a mobile casino. No one wants to put themselves at risk of having fraud committed against them. It’s important therefore to join a mobile casino that is fully licensed and regulated. They will have had to undergo strict tests to be granted those licenses. It means that if anything does go wrong, then an organisation such as the Malta Gaming Authority or UK Gambling Commission can take action and protect your rights.

Also look to join a mobile casino that offers several different payment methods. It’s also advisable to become a member of a mobile casino that doesn’t take too long to return your withdrawals to your chosen payment method. Swift payments will help prevent any cash flow problems.

Plenty of Games to Play
A vitally important area is of course the number of games that are available to play. It’s no use joining a mobile casino if there is a limited amount of games that you can try your luck on. Playing the same games every day is going to get a bit boring after a while. It’s ideal to join a mobile casino that has a wide selection of games for you to play. Look for some variety, for example different games of roulette or poker. Also sign-up with a mobile casino that keeps up with the times by regularly adding new games.

Welcome Offers and Promotions
When you become a member of an online casino there are often welcome offers available to you. This can see you receiving some free bets or spins on a selected slot game. It’s great if you can get your hands on these, though keep a close eye on the terms and conditions related to the offer. Joining a mobile casino that has a regular stream of promotions is also advisable.

Some sites do have offers that are exclusive to mobile users. This can often be the case when new slot games arrive on the site with special promotions offered. A mobile casino that has plenty of promotions will maintain your desire to play there.

Live Casino Action
Joining a mobile casino that includes a live casino section is also something to aim for. Playing at a live casino on your mobile is an exciting experience. It’s not too far off being in an actual casino with live dealers on each table.

Conclusion
When you are looking to join a mobile casino, there are many factors that need to be considered. Make sure that you join a mobile casino that you can trust and has a good reputation when it comes to customer service. Join one that will offer plenty of help, has lots of games to play and regularly offers promotions and then enjoy your time at your new mobile casino.

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Latest News

Week 20 slot games releases

George Miller

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Week 20/2019 slot games releases
Reading Time: 4 minutes

 

Check out this week’s latest slot game releases!

 

Blueprint Gaming has released the newest addition to its portfolio, Legacy of Ra MegawaysTM, a shimmering adventure set deep in the Egyptian desert. Set in the imposing and mysterious pyramids, stunning visuals and an immersive soundtrack create an intriguing gameplay experience, while the Megaways mechanic, under licence from Big Time Gaming, provides players with up to 15,625 ways to win. Jo Purvis, Director of Marketing and Relationships at Blueprint Gaming, said: “Legacy of Ra MegawaysTM takes players on a journey through the Egyptian pyramids where big wins can be found if players can successfully raid the tomb.”

Egyptian expedition with Blueprint Gaming’s Legacy of Ra MegawaysTM

 

Microgaming, has introduced Lara Croft® Temples and Tombs™, the latest, five-reel, 243 ways online slot developed by Triple Edge Studios. “The release of Lara Croft® Temples and Tombs™ is a tremendously exciting moment for Microgaming, building on our longstanding branded relationship with Square Enix. The game reflects Triple Edge Studios’ passion and enthusiasm, making it a powerfully attractive product for new and established players,” Jean-Luc Ferriere, Chief Commercial Officer at Microgaming said.

Microgaming - Lara Croft® Temples and Tombs™

 

Pragmatic Play, wishes players good fortune with latest release, Caishen’s Cash. The 5×3 video slot features symbols from Chinese folklore, with hoards of coins littering the sides of the reels and an oriental soundtrack adding an immersive feel to the game. Once the bonus feature is triggered, players can choose between a Money Respin round or Free Spins. The Money Respin sees a number of different coloured coins hitting the reels, which can lead to huge wins.

Pragmatic Play - Caishen’s Cash

 

Quickspin, has released the new game “Hall of the Mountain King”. The game combines Nordic folklore with new game mechanics, extremely volatile gameplay and the chance to win more than 7000x bet. Players can reach their maximum win potential by upgrading all their symbols, increase the multipliers to the max, collect all 6 whirling wilds and then watch it all play out in the last 3 spins. “I would recommend promoting Hall of the Mountain King with the Feature Trigger. The big highlight in this slot is to experience the bonus game and all its exciting features and game events, with a Troll King who’s waving his big hammer around,” Erik Gullstrand, Chief Product Officer at Quickspin said.

Quickspin - Hall of the Mountain King

 

Kalamba Games’ latest slot Doctor Electro amps up the excitement with an expanding reel offering players the chance to unlock electrifying wins. Starring the eccentric character Doctor Electro, the game sees the return of the player favourite HyperBonus feature that presents slot fans with a shortcut to free spins rounds, as well as two levels of bonus jackpots. Players collect column expansion symbols to trigger the all new HyperSpins feature that reveals expanding reels and increases the win potential. The game is a 5-column, 4-row base game, increasing to seven rows and up to 16,807 ways pays.

Kalamba Games’ Doctor Electro

 

Relax and unwind with the latest SYNOT Games release 8 Flowers, standing out from other classic slots both with its reel format as well as a fresh floral theme. Number 8 has a special significance in the Asian culture, representing prosperity and success. To underline the symbolism, 8 Flowers has a unique 3×3 format with 9 reels, 8 paylines and a full bouquet of features!

8 Flowers - SYNOT Games: Can you resist the floral temptation?

 

Play’n GO have released their latest title into the market, a simple yet engaging slot entitled Inferno Star. Inferno Star is an easy to play 5×3 video slot made more engaging with its innovative re-spin feature and the decision to make the game payout with a minimum of only two matching symbols, as opposed to the usual three.

Play’n GO  with new Slot Inferno Star

 

Set in a dystopian futuristic world, and steeped in the occult, NetEnt’s latest release is a 5-reel, 3-row, 20-line video slot where four fearless friends set out to protect their city from the wicked Deep Pockets – and destroy the scatter symbol that turned him into an evil maniac. “Combining a proven, player-favourite math model with rich, comic-like graphics and a compelling superhero storyline, Arcane Reel Chaos has the ingredients needed to be a success. I have no doubts that it will be a hugely popular new addition to our portfolio,” said Bryan Upton, NetEnt director of games.

NetEnt - Arcane Reel Chaos

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Compliance Updates

Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

Niji Narayan

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Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies
Reading Time: 1 minute

 

Spelinspektionen, the Swedish regulator, has imposed fine on Mandalorian Technologies and Betway for violating gambling regulations.

According to the Swedish regulations, license holders are only permitted to offer customers a single bonus, however, an investigation found that customers were continually offered bonuses by Mandalorian and Betway.

Mandalorian and Betway have been handed warning from the regulator and issued with penalty fees of SEK9m (£730k) and SEK5m (£406k) respectively.

“As the Spelinspektionen already had indications at the beginning of the year that some gaming companies did not comply with the legislation, on February 19, the authorities issued a letter to all licensees regarding bonus offers. After the letter, the Gaming Inspectorate noted some compliance from the licensees, but the assessment is that further measures must also be taken to achieve full compliance,” Spelinspektionen stated.

“The main purpose of the new gambling regulation, which came into force on January 1, 2019, is to strengthen consumer protection and reduce the negative effects of gambling. The limitation on bonuses is contained in the law to reduce social and economic damage and problem playing. The Gaming Inspectorate will therefore continue to focus on supervision of this area,” Spelinspektionen continued.

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