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The crackdown of online gambling by Governments of multiple countries

George Miller

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The crackdown of online gambling by Governments of multiple countries
Reading Time: 4 minutes

 

There is no doubt that online gambling has emerged as a common yet amazing way of entertainment. In fact, it can be said that the internet becomes popular due to gaming, especially gambling games.

Some people think both gambling games and adventure games are different. However, the law seems like it does not support them. 

Till now, there are some countries that are debating on whether to allow gambling games for several years or not. However, some data showed that the gambling industry had impacted severely. So, let’s talk about this in detail.

The biggest impacts

The recent share price graph indicates that some companies’ values are now going down, revenues from sports betting are now vanishing, and there is a great sense of uncertainty. It is true that the gambling industry is now facing a short-term crisis. 

Sport betting companies like Betgenius and Betradar try their best to keep it up with Russian table tennis and Myanmar U21 football. On the other hand, bet365 moved into FIFA games. But the truth is it has become a sector with no products. It is like selling empty beer glasses, hoping people will fill them.

If we talk about one of the biggest gambling sites of the UK, now all the gamblers are shifting from offline port betting to the online casino games. The major reason behind this is the recent lockdown restriction imposed by the government. 888Holding informed that the company had been severely affected by this event.

It has canceled or postponed some events like Grand National and the Premier League. The company used to earn 16 percent of the total revenue from sports betting.

Now gamblers are moving to alternative products. That means they are now shifting toward online poker and casino games. 

However, governments are also taking steps to prevent people from getting addicted to the game during this lockdown time. As per a report, the government has considered ordering online gambling companies to set the daily betting cap at £50.

Online sports betting comes with a higher rate of gambling disorder, around 2.5 percent. However, online casinos, bingo, and slots are attracting more potential addicts, with around 9.2 percent of customers who spend their money on gambling products having the problem. 

However, the government’s advice for setting a cap on daily betting has gone unanswered.

On the other hand, 888Holding has informed that it is trying its best to identify signs of the problem in gambling among the customers. The company informed that the board had recognized that. 

Now people are spending their time at home. On the other hand, economic uncertainty is also rising after the COVID-19 breakout. That’s why it is the primary duty of 888Holding to keep an eye on safe gambling. Besides, the company is trying to prevent gambling-related issues.

Online gambling situation in other places

Ukraine is also taking the necessary steps to control the online gambling industry. For a few days, Ukraine has intensified its process to find unauthorized online gambling companies. Ukraine is now trying its best to regulate the online market.

The Cyber Police of Ukraine, recently stated that it had built a team with the Strategic Investigation Office located in Kiev to find out all the online casinos running illegally. Some are running their casinos as legitimate IT development companies.

As per the report, the illegal casinos generally target customers of Ukraine and other countries having a monthly income of about USD 1 million. The government has cracked down some online casinos and detained some computers and documents. Now, the authority is trying to trace down the illegal online gambling operation.

In January, the authority busted a Kyiv-based online casino service operating disguised as a software company. The authority arrested around 50 IT staff, serving more than 300K gamblers across the world. The authority also has cracked down other illegal land-based gambling operations, which were giving access to slot machines.

To reduce such activities, the NBU- National Bank of Ukraine has issued a notice reminding the payment processors, associated businesses, and local merchant banks that even though the government has updated the law, the gambling activities still remain illegal. The NBU is now following a strict observance.

The crackdown of online gambling in Ukraine has led to the shutdown of the Ukraine Poker Open, which was planned to begin on 26th January in Kyiv. Along with that, Full House, the host of the Ukraine Poker Open, was also shut down. During the same time, the authority raided the Favbet office, a local bookmaker.

The company was serving local gamblers through different websites. The websites were offering sports betting, casino games, poker, and slots. A few years ago, Luck Land LLC, parent of Favbet company, was accused of tax evasion. 

The company was doing that by selling lottery tickets through different land-based venues. But later, the local courts didn’t approve the further investigation as there was no sufficient information.

Situation in Spain

In Spain, all online gambling service providers are advised to reduce marketing efforts. This way, the authority can prevent gambling operators from taking advantage of gamblers during this lockdown time.

The country’s Council Ministers had been advised by the Ministry of Consumer Affairs to eliminate gambling advertisements till the end of the lockdown. Some bookmakers can use anxiety and concern factors of people to do business. 

Pablo Iglesias, Spain’s government official recently issued an order informing that the decision was taken to keep problem gamblers protected. As per the report, the ongoing lockdown due to coronavirus outbreak is extended to 12th April, and it can be extended further if the community transmission rate increases more.

Around nine gambling companies in Spain, after the announcement, informed that they would support the anti- coronavirus efforts as well as the initiatives. Spain is now taking strict action to prevent online gambling companies from exploiting the current situation. 

Conclusion

The governments of different countries are now trying their best to reduce online gambling activities. It will also be good if they can limit the public advertising of gambling. Limiting the betting limits can be an effective way, but some online gambling companies in the UK are not considering this as an effective method. It may not stop people from betting.

Central Europe

Polish Volleyball Federation Renews its Partnership with STATSCORE

Niji Narayan

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Polish Volleyball Federation Renews its Partnership with STATSCORE
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Polish Volleyball Federation (PVF) has announced that STATSCORE will remain the Official Data Provider of the Federation for another two seasons.

Based on the renewed agreement, STATSCORE data and widgets will be widely presented on the official website of the federation (pzps.pl) to provide engaging content to the fans.

“We’re pleased that under the new agreement our collaboration has been extended, and that STATSCORE will continue to deliver match data for PVF’s website and social media as our Official Sports Data Provider. We realize that, in addition to the basic information about the scores, volleyball fans are increasingly often looking for extensive and attractively presented match statistics, related both to teams’ and players’ performances. Thanks to the cooperation with STATSCORE, we are able to provide our fans with this kind of content quickly and professionally,” Justyna Tkaczyńska, Head of Marketing Department at PVF, said.

STATSCORE will provide the full coverage for all the national teams’ games through a dedicated LeagueCenter. Besides the international games, fans will also have access to all the domestic competitions for men and women covered with top quality stats. Every single game of the top tier leagues is available with 2D animations and live trackers.

“We are happy to renew our tie with the Polish Volleyball Federation, which is one of the most important partners for STATSCORE within the professional sports industry. When you think about global volleyball there is not more prominent federation to work with than Polish, which represents the world champions men team! It was not only a matter of business relation but mainly a matter of our ambition to be on the side of the people who know how to play volleyball better than anyone else in the world!” Jakub Myszkorowski, Chief Commercial Officer at STATSCORE, said.

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Industry News

Massive Jackpot Won at 32Red Online Casino

Niji Narayan

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Massive Jackpot Won at 32Red Online Casino
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Microgaming’s WowPot jackpot has been hit for a massive €17,529,047.11 (£15,183,085.96), marking the first-ever Mega win on the progressive jackpot.

On 14 April 2021, a 32Red Casino player in the UK became the first to land the top WowPot jackpot after placing a £0.80 bet on Book of Atem: WowPot. The player is one of 93 EUR millionaires to be created on Microgaming’s progressive jackpot network, which has paid out more than €1.3 billion across all games and jackpots to date.

Not only is the eight-figure sum the largest WowPot win of all time, eclipsing the €1,123,513.15 Major win triggered on Sisters of Oz: WowPot in March 2021, but it is also the third-largest award in the history of Microgaming’s progressive jackpot network. As with all wins on the network, the jackpot prize has been paid to the player in a lump sum.

Launched network-wide in September 2020, Egyptian-themed Book of Atem: WowPot was created exclusively for Microgaming by All41 Studios and was the second title to feature the four-tiered WowPot progressive jackpot. A total of €23 million has since been awarded through the game across all jackpot tiers, with one winner scooping a Major jackpot of €998,876.35 in March 2021.

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Industry News

Neymar Jr Becomes Cultural Ambassador of PokerStars.net

Niji Narayan

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Neymar Jr Becomes Cultural Ambassador of PokerStars.net
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Brazilian football star Neymar Jr has become the Cultural Ambassador of online poker site PokerStars.net. The appointment complements an existing collaboration between PokerStars and the football star.

In this latest chapter, Neymar Jr will collaborate closely with PokerStars.net on a series of creative projects inspired by the world of culture, from art and design to music and more. Bringing his passions and interests to the table, he will be shaking up poker with a series of exciting experiences for the PokerStars.net community.

In his first foray as Cultural Ambassador, Neymar Jr has curated a series of music playlists in partnership with PokerStars.net, providing the ultimate soundtrack for every type of poker game.

“Poker is so much more than just the game. It is a community and a culture and that is what I love about it. I am excited to start this next chapter with PokerStars.net, and we are already collaborating on a number of key areas. Music is a real passion of mine, so that was first on the list, but there is much more to come. I am excited for you to see what else we have in store,” Neymar Jr said.

“Neymar Jr is not just a globally recognised sports star, he is also a proven creative with a deep interest in the culture around him. This new role marks the start of something exciting for the PokerStars.net community, a merging of two worlds, where poker meets culture. In a first for the industry, together we’ll be creating moments to truly shake up poker and rewarding those who get involved in all that’s to come,” Martin Nieri, Global Director of Brand and Creative at PokerStars.net, said.

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