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The house doesn’t actually always win

George Miller

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The house doesn’t actually always win
Reading Time: 4 minutes

 

Casinos are perhaps the most interesting places you could visit on the planet. Museums are nice, but casinos are great. Aside from all the natural marvels that they have rose from the depths of the Earth or the brilliant man-made structures, casinos are fascinating in their own way.

Let us tell you about one thing that makes these places worth visiting, maybe even more than once, whether or not you are a gambling enthusiast.

For a long time, these places have been like the song of a siren, that lures nearby sailors on the water of life itself. At the mere sight of a gambling spot, the first thought that crosses one’s mind is that one could get rid of one’s financial worries and struggles forever with a small investment and a bit of luck. Maybe right now you’re thinking that such don’t happen. Well, it could, and it has.

Some Lucky Gamblers

Cynthia Jay Brennan
She became one of the luckiest people on Earth in 2000, the beginning of a new millennium. And more than that, she became a new entry in the list of humans who won big in a casino. And when I say “big” I wish I could say that it were a joke, but we’re talking more than 34 million dollars in this case. Depending on your lifestyle, this amount of money could not only allow you to never work a day in your life again, but your grandchildren would also be set for life.

Elmer Sherwin
Dubbed by some “the luckiest man in Las Vegas”, she is a two-time Megabucks winner: in 1989 and in 2005. That’s a bit crazy, isn’t it? And how much did luck really have to do with it? Well, Elmer’s biggest win was just about over 21 million dollars. Now put yourself in the shoes of someone who had just got richer by a huge amount. What would you do with all the money? Spend it all in one night? Invest it in some Silicon Valley start-up? Or perhaps you’re feeling a little charitable and you do something like what Elmer did and invest a considerable amount in the Hurricane Katrina relief fund?

Richie Rich
$39.7 Million: a twenty-five-year-old engineer from Los Angeles came to Vegas to support his favorite basketball team. With Vegas being Vegas, he decided to spend some time at a casino. So after he spent 100 dollars on slot machines, he became one of the biggest winners in the city. He won a sum just a little shy of 40 million dollars at the Excalibur casino in Las Vegas. Boom, just like that.

Spend some money, make some money

These three are just a few people who played in a casino and actually won. That does not mean, by any means, that everyone would; or that if you go right now and pull the lever on a slot machine you will certainly join the ranks of such winners. Nope, it doesn’t work like that, nor will ever. But what it does mean is that it is possible. Always and at any time. Even though the odds are not exactly in one’s favor, winning happens all the time. Si why not you?

What we find fascinating about this (and perhaps we are not the only ones) is that it takes very little involvement. Obviously, there are a number of different ways you could go about making millions of dollars, but very few of them are as simple as inserting a few coins/bills and pressing a button. Makes you think, doesn’t, it?

You must spend money to make money” is another thing that people say, and it turns out that in 99% of the times that is correct. And let’s not focus only on gambling for this one. Think about starting a business or taking a journey into self-development. At first, before you can even think about the profits you can make you have to do a little spending yourself. Whether that spending is renting a workplace, hiring a specialist in advertising or business planning, it is quintessential that it all starts with something you have invested in. Even if it’s just time, energy, effort, thinking. It’s all resources. You could say it’s a “be the change you want to see” type of situation, meaning that if you want people to spend resources on your business you have to spend some of your resources first.

Online Casinos

The casino land scape is changing and while these where 3 lucky winners from players who played offline, there are tons of big jackpot winners who have played online casino slots.

The Mega Moolah jackpot winner of €13,209,300, won in October 2015, by a 26-year-old British man. The Mega Fortune, Finnish Jackpot winner who took home €17,861,800 in 2013. The Hall of Gods jackpot winner of $8.63 in 2017. These are just a few examples of some bigger jackpot winners.

Playing casino online has also become more popular and common than playing casino offline. Online casino offers you a bigger selection of slot games, no waiting times, and accessibility from anywhere. This is even more true in today world, as online casinos now also offer you the ability to play on your mobile.

In addition, given that online casinos have much lower cost (they don’t have to pay huge sums of money in rent), they also give players more beneficial offers such as free spins, free bonuses without deposit for new players, big deposit bonuses like 250% up to a certain amount. That means that if you deposit 100, the casino will give you an additional 250 to play with. For example, in Romania, Maxbet casino offers new players 100 RON, about 20 euros in free money without the need to make a deposit just to test them out.

Industry News

ODJ Survey Reveals France’s Gambling Activity Declines, Problem Gambling Rises

Niji Narayan

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ODJ Survey Reveals France’s Gambling Activity Declines, Problem Gambling Rises
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The latest survey by Observatoire des jeux (ODJ), the regulating body that monitors the gambling activity of France, has revealed that gambling activity in the country is declining, but the cases of problem gambling rise.

Problem gambling is one of the biggest setbacks of the gambling industry. Protocols that ensure that players are protected from themselves are required for every company before approval of their licenses.

The decline in gambling activity for a country could mean two things. First, the country gets lesser revenue from the industry. And it also means that fewer people are attracted to gambling which means more money for their families.

ODJ reported that 47.2% of the ten thousand respondents are engaged in some gambling last year, a decline from the 2014 survey’s 57.2%.

The report also showed that the country’s excessive gambling activity doubled from 0.8% in 2014 to 1.6% in 2019. Gamblers at risk of becoming problem gamblers rose from 3.8% in 2014 to 4.4% last year.

The regulating body concluded that around 370 thousand French adults are problem gamblers, while about 1 million are at risk of becoming one. ODJ also claimed that 6% of spending on problem gamblers and those at risk of becoming one contributed 38.3% of all gambling spending in 2019.

The survey also revealed that lottery games lead France’s gambling activity, but problem gambling among lottery players remained low at nearly 1%. The report revealed that lottery scratch games are twice more addictive than traditional draw games. Poker and casino players are four times more prone to problem gambling compared to lotteries, while sports and race betting is six times more addictive.

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Industry News

Holland Casino Reopens to Public

Niji Narayan

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Holland Casino Reopens to Public
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Holland Casino has reopened the doors of all 14 of its facilities on July 1. The opening act was performed in the atmospheric dome hall of Holland Casino Amsterdam Centre by singer Tino Martin and CEO Erwin van Lambaart.

Under the supervision of croupier Sharize, the first spin on the roulette table was symbolically given. This ended the closure of almost four months.

“We are very happy that we are open again and that we can fulfill our social task. As of today, our valued guests can safely and responsibly enjoy our hospitality and our exciting range of games during a pleasant afternoon or evening. We have fully furnished all branches in accordance with the 1.5 meter guidelines, while retaining the atmospheric ambiance that the Netherlands is used to from us. Not only the latest slot machines, but also the familiar table games such as Black Jack and Roulette are available again today. Our restaurants and bars are also open. We do ask everyone to make a reservation and adhere to the known guidelines. Our 4,000 employees are ready for our guests with special instructions,” Erwin van Lambaart, said.

“I love this beautiful location in the middle of our capital. A few weeks ago I recorded a number of acoustic sessions in this intimate dome room for my fans and for the employees and guests of Holland Casino. That was of course very special to be allowed to do and it produced beautiful images, but at the same time it was also very unreal. I am very happy for all the people at Holland Casino that they can get back to work and that everyone can return here for a relaxing afternoon or evening,” Tino Martin said.

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Industry News

Dutch Legal Protection Minister Seeks to Ease Tensions Over Gaming Addiction

Niji Narayan

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Dutch Legal Protection Minister Seeks to Ease Tensions Over Gaming Addiction
Reading Time: 2 minutes

 

Sander Dekker, the Netherlands’ Minister for Legal Protection, has spoken out against a ban on online games over the potential risk for addiction among young people. Instead, he explained that the Dutch authorities will focus on prevention and treatment.

Responding to a question from Socialist Party politician Michael van Nipsen on how gambling legislation is enforced in relation to video games, Dekker looked to highlight the distinction between video games and games of chance.

He explained that gaming was a popular and generally accepted leisure activity for young people, pointing out that players used games to socialise online, and noted the products could even help minors develop skills. However, Dekker acknowledged that these games, especially free-to-play online titles, could be designed in a way that encouraged continuous play.

He said a changing revenue model meant that rather than purchasing the titles outright, online games were often offered for free, with players purchasing in-game items to enhance the gameplay. Microtransactions could build up, meaning users spent significantly more than they intended, and some elements where blind boxed items such as loot boxes were purchased for cash could – and have – been classed as gambling.

He admitted that some young people developed problems, to the point that it could be classed as an addiction.

This was not enough to justify a total ban on these games, Dekker said, noting there was no “one size fits all” approach to preventing gaming addiction.

“Prevention and education are, in the case of (online) gaming, a task shared by the national government and the gaming industry itself,” he explained.

Dekker pointed out that he has asked the Ministry of Justice and Security’s research centre, the Wetenschappelijk Onderzoek- en Documentatiecentrum (WODC) to investigate links between gaming and gambling addiction, as well as identifying gaps in current and incoming regulations.

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