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Gambling industry of Austria in the scope of coronavirus

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Gambling industry of Austria in the scope of coronavirus
General information about the current state of the Austrian gaming industry as related to the coronavirus pandemic.
Reading Time: 3 minutes

 

Gambling industry of Austria in the scope of coronavirus: what awaits the locals? 

What started out as a contained threat somewhere in East Asia – turned out to be a world-wide threat. What we’re talking about, of course, is the coronavirus pandemic that caught the world’s attention. Practically everyone and everything is affected – even the gaming industry has experienced a serious impact. If you’re a visitor of some of the most popular online casinos in Austria, then you too may have some questions about how exactly the gambling industry is affected by the coronavirus. Read the rest of this article to find out.

The effects of Coronavirus on the gaming industry in Austria

It’s still too early to measure the full extent of the coronavirus impact on the Austrian gaming industry – especially given the fact that the pandemic still rages all around the world. But it’s safe to say that land-based casinos have gotten their fair share of profit-loss since the pandemic came out.

Namely, the Austrian authorities have implemented strict measures and now the Austrian casinos are closed. This includes all twelve of the Austrian Casinos that are spread all over the cities in Austria (from Baden to Zell am See).

It’s easy to see why this is the case. In extreme cases, there were even curfew measures introduced by the governments of the severely-affected countries. This means that people are still forced to stay at home until the pandemic gets cleared out – and it follows that they can’t go to the land-based casinos. But also – people are not much in the mood of visiting the online casinos, either.

So, Ute Schreiner, CMO & Product Adviser at CasinoNow Austria Portal, comments the following:

“The gambling industry is a long-term story. Keep calm – we work as usual and continue to review the most popular online casinos in Austria. The current situation is challenging, and online casinos will offer various tasty bonuses to visitors, striving to attract the newcomers and do everything to keep old players.”

How does the future look?

If you follow the news (I bet you do), then chances are that you have seen that the epidemic in East Asia has begun to subside. As more and more of the European countries – Austria included – begin to implement draconic measures to protect the people from the coronavirus – the situation is likely to be under control in the near future.

And this means that the economy will get back to normal – and people will start earning money once again, which, in turn means that the casinos will start to get more and more visitors in the near future. In an optimistic scenario – all of the casinos will reopen and the gaming industry in Austria will return to normal in the end of April 2020.

For now, suffice it to know that people are generally safe when they are in their homes. And if you have access to the internet – then this means that you can still enjoy playing your favorite gambling games – all from the safety of your home.

Online gaming

As it was mentioned by the local industry’s expert – the owners of the online casinos are doing their best to attract new customers and retain their old ones. Given the fact that people are, for the most part, afraid for their lives – it’s easy to see why they aren’t particularly inclined to do online gaming, among other things.

So, in our estimate, in the next six months the owners of online casinos will have to work extra hard to give the players an incentive to play. So, you can expect that there will be newer and bigger bonuses for the new players – in the form of deposit match and free spins. There will also be many other bonuses dedicated to capturing the attention of the current players. This is all good news – the players such as yourself will have an even bigger incentive to use the online casinos until the coronavirus pandemic is finally contained.

In conclusion

Whatever happens, we sincerely hope that the coronavirus pandemic will subside as soon as possible. There are indications that show that exactly this is the case – the number of people that are getting infected is getting reduced in various parts around the world. And, with the implementation of strict measures across the Europe, this trend is likely to continue.

Either way, you can still enjoy playing online gaming games in the relative safety of your home – and the new bonus offers will serve to attract your attention even more. The situation is pretty bad at the moment in terms of eGaming, but as soon as the pandemic stops – the Austrian casinos and eSports industry will start working its way towards full recovery.

Central Europe

Bragg Gaming Continues Global Expansion, Powers Kingsbet.cz Launch with an End-to-End iGaming Solution

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Bragg Gaming Group has launched its full turnkey solution with Czech land-based casino operator Kings Entertainment A.S. (Kings). Kings will operate their online business in the Czech Republic under the brand Kingsbet.

Under the terms of the agreement signed between the two parties, Bragg will provide Kingsbet with Player Account Management (PAM) technology, exclusive content from Bragg studios, aggregated online casino content via the Bragg HUB and a fully localised sportsbook integration in partnership with Altenar.

Bragg provides Kingsbet with an all-in-one solution with powerful automation and marketing tools to seamlessly run its casino and sportsbook operations.

Bragg’s FUZE player engagement toolset for casino and sportsbook is also included, helping boost acquisition, conversion and retention with tools such as Free rounds, Missions, Quests, Journeys, Recommendation engine and Jackpots.

Kingsbet will additionally be supported by managed marketing and operational services delivered by Bragg.

The agreement and subsequent launch is the latest in a string of deals that Bragg has struck to provide its technology solutions to operators across global regulated iGaming markets, and is the Company’s second PAM and turnkey partner in the Czech Republic.

Bragg Group Chief Executive Officer Matevž Mazij said: “We are proud to be chosen to support Kings Entertainment, a leading European entertainment, casino and poker brand with our full-service turnkey solution as they transition their market leading Czech operations online.”

“The new regulations make this an exciting time to be in the Czech market,” Mazij added.

David Vaněk, Chief Executive Officer of Kingsbet, said: “Over the past 8 months, both teams worked very hard to prepare the launch of “kingsbet.cz” ahead of the EURO championship. I’m proud that we are the first licensed betting and gaming operator in the Czech Republic who have undergone a rigorous and very demanding licensing process and are currently the sole operator fully compliant with the new Gambling Act, effective as of January 2024.

“Kingsbet will offer players ‘The King’s experience’ in sports betting and casino, and we plan to launch a Live casino product by the end of this year. Bragg’s platform will enable us to enter the Czech market with powerful tools and a highly competitive product offering.”

Founded in 2003, Kings Entertainment operates three land-based casinos: the Kings Rozvadov, Admiral Rozvadov and Hilton Prague properties. At Kings casino in Rozvadov, known as the biggest poker arena in Europe and a premier gaming destination, a variety of poker tournaments including W.S.O.P. are held attracting more than 500,000 visitors per year.

Kings has a 40% share of the Czech land-based casino market and now has ambitious plans to expand into online gambling, an expansion which will be supported by Bragg technology and expertise.

The Czech online casino market is projected to achieve approximately $1 billion in gross win in 2024, according to H2 Gambling Capital. This figure represents growth of 30% on a year-over-year basis from 2023’s figures.

Under previous Czech gambling regulations, operators were only able to offer online RNG games explicitly licensed under the Czech Gambling Act.

Following pressure from operators, this list was widened to include live dealer games (live casino), an amendment which came into force on January 1, 2024.

The inclusion of live dealer games was one of a number of amendments made to existing Czech gambling laws, the most wide-ranging of which was the introduction of a new streamlined licensing regime for operators.

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Central Europe

GR8 Tech Opens New Hub in Warsaw, Poland

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GR8 Tech opens a hub in Poland
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An award-winning iGaming platform provider, GR8 Tech, opened its newest hub in Warsaw, Poland, on June 6, 2024. As a company committed to a remote-first model since the pandemic, GR8 Tech continues to support its diverse international staff by offering flexible and comfortable working conditions. In addition to assisting in home office arrangements, the company also provides local hubs in target locations where employees are concentrated and hiring activities are underway.

These hubs, available in several locations across Europe, including Cyprus, the Czech Republic, and, from now on, Poland, offer employees the opportunity to work in an office-like environment if they choose. This initiative is part of GR8 Tech’s ongoing efforts to ensure that its employees have the best possible working conditions in any location they choose to work from—efforts that have been recently recognized with the “Best Workplace 2024” title by SiGMA Americas Awards.

The new Warsaw hub will serve as a convenient workspace for the 80+ specialists already located in Poland and all new employees joining the company. It will also be available to any GR8 Tech employees traveling internationally who require a professional environment to work from.

The opening of the Warsaw hub aligns with GR8 Tech’s broader strategic activities across Europe and specifically in Poland. Recently, GR8 Tech participated in the largest Polish IT festival, Code Europe, held on June 10-11 in Krakow, as the technology partner, with GR8 Tech’s Chief Talent Officer, Tetiana Davydova, holding a talk on “Mastering the Science of Negotiation: Secrets to Successful Dialogue in Tech” at the event. GR8 Tech will also participate in the Devoxx conference in Krakow on June 19-22 as a partner. The company’s Deputy CTO, Pawel Grzegrzolka, will hold a talk on “Integrating quality gates in IaC”.

To learn more about GR8 Tech and its upcoming activities, visit the company’s website and join its communities on LinkedIn and Facebook for business-related topics or Instagram for the highlights of the GR8 work environment.

 

About GR8 Tech

GR8 Tech is an international iGaming provider of high-performance Sportsbook and Casino platform. Holder of the “Best Workplace 2024” title by SiGMA Americas, “Best Online Sportsbook Provider 2024” by SiGMA Eurasia, and, most recently, “Rising Star Provider of the Year” by Affpapa iGaming Awards.

GR8 Tech’s flagship product, GR8 Sportsbook, renowned for its exceptional event coverage and robust feed, manages heavy user loads with real-time anti-fraud processing and advanced margin management capabilities. Complementing the Sportsbook, GR8 Tech’s portfolio includes the GR8 Casino platform and vital standalone products like CRM, payment gateway, player account management, etc.

Focused on the personalized approach and lifetime partnership, GR8 Tech perfectly alleviates iGaming operators’ challenges by delivering customized, scalable solutions that evolve with business growth.

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Central Europe

KJM Endorses IDVerse to Tackle Rising Concerns Over Minor Protection

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The Commission for Youth Media Protection (KJM) has officially endorsed IDVerse, a leading provider of online age verification solutions, to address the growing need for enhanced minor protection. This endorsement comes in the wake of concerning statistics from the Javelin Report, which underscores the critical importance of safeguarding children online. With 54% of households not monitoring or restricting their children’s online activity, the risk of exposure to harmful content is significantly heightened. KJM’s endorsement of IDVerse is a significant step towards robust and comprehensive solutions for protecting minors online.

KJM, as the central oversight body for youth media protection in Germany, plays a crucial role in evaluating and endorsing effective age verification and protection systems. Comprises experts from federal and state media authorities, KJM ensures that digital content adheres to stringent youth protection regulations. The organisation’s endorsement is a significant mark of credibility and reliability for solutions like IDVerse.

The Javelin Report, a comprehensive study on online safety, reveals that more than half of households do not monitor their children’s online activities, leading to increased risks of identity fraud and exposure to inappropriate content. The lack of oversight amplifies the need for advanced technological solutions that can provide a safer online environment for minors.

By endorsing IDVerse, KJM champions innovative solutions that prioritise the safety and well-being of minors in the digital age. IDVerse’s advanced age verification technology offers a proactive defense against online threats, ensuring that minors are protected from identity fraud and inappropriate content. This endorsement is particularly valuable for the iGaming market, where preventing underage gambling is a critical concern.

Peter Violaris, Head of Global Privacy at IDVerse, said: “We are honored to receive the endorsement of KJM, which validates our unwavering commitment to minor protection and online age verification. The alarming statistics on unmonitored online activity among children underscore the critical need for robust solutions.

“At IDVerse, we have developed cutting-edge technology that not only protects children but also respects the privacy of all users. Our system ensures that only the necessary information is shared and that data is securely handled and promptly deleted after verification. Together with KJM, we are dedicated to creating a safer online environment for children worldwide.”

The endorsement of IDVerse by KJM sets a precedent for future initiatives aimed at enhancing minor protection and safeguarding children from age-restricted or inappropriate content. It underscores the importance of collaboration between regulatory bodies and industry leaders in addressing the evolving challenges of the digital landscape.

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