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Quarantine Leads to the Popularity Growth of Online Casinos

George Miller

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Quarantine Leads to the Popularity Growth of Online Casinos
Reading Time: 3 minutes

 

An increasing number of online casino ads can be seen in Switzerland. The experts believe however, that those problematic players shall not be exploited by using the satiation with COVID-19 pandemic. If they are going to be exploited this way, it would lead to increased risks.

This started as a hidden but apparently important topic for China, now, however, this is a topic for the entire world. Coronavirus has influenced the way we live our daily lives. The drawbacks can be observed in the casino industry, as well. Disruptions though will become a new normality, even though nobody was ready for it.

All the gamblers around the world found themselves unable to go to a casino. Thus, they are migrating to online casinos. It happens because due to coronavirus, all the big gatherings are forbidden.

The same is happening in Switzerland. The providers are well aware that this is the best time to invest in advertisement. The results of those advertisements online are seen everywhere, whether on TV, or in a newsletter, or at a train station.

People suffering from addiction are exposed to higher risks. It happens because they are isolated and don’t have social contacts. The access to healthcare services is bad, and the everyday life has changed completely. Therefore, such people shall be very careful if they want to avoid this problem because during the coronavirus-crisis, they are under an additional stress.

It is not a coincidence that the advertisements and emails to the clients of online casinos are more frequent. They offer free bets for casinos and roulette. These options have a much higher addiction rate than sports betting, for example.

The vast majority of gambling now is performed online. There is no fear that the websites will close. However, what will people bet with if they run out of money? Well, one can always bet with something. There are always Live sports available. They are open day and night, and even during the global pandemic, one can always place a bet of a couple of pounds there. People who are already in a disadvantageous position can get into even a worse situation.

 

Responsible Approach Could Reduce the Risk

There are a lot of opportunities to play your favorite online casino games. The time came when the excitement from gambling can mitigate the stress. It is known already that online casinos offer some benefits in comparison to land-based casinos. You can get access to them round the clock, just like it is the case with Online-Casino wie SwissCasinoHEX.com. It absolutely doesn’t matter where you are located. It is not important whether you are playing on your mobile device or you are lazing with your lap or tablet on the sofa or even in bed. You will not experience a single problem with accessing your online casino. This is a huge advantage now, during the times of Coronavirus crisis.

A responsible approach to gambling is decisive in this special situation to keep the industry and its clients healthy. Those clients who gamble more and play new games with higher sums shall be carefully managed and treated. Very frequently, gambling services shall be denied to such clients.

Online gambling can lead to different addiction forms, and this shall be controlled now. Online providers shall not enrich themselves with the money of addicted people. It is especially important for support establishments to keep their doors open in case an addicted person needs help. In the situations of a crisis, such as emotional stress, insecurity, people are attracted by gambling. It helps them to escape reality.

Gambling can be also one of the reactions on packages that people get as one-time help. It can also stimulate a wish to gamble. There are different reactions to both positive and negative times. By some people, these situations can lead to increased gambling activities. On the other hand, this pandemic can make people think about the reasons to gamble and those effects that gambling can have in their lives.

Support services for problematic gamblers, including consulting over the phone and video, are expecting demand increase within the next few weeks.

 

 

Central Europe

GVC Airs Black Market Concerns About New Gaming Legislation in Germany

Niji Narayan

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GVC HoldingsGVC Airs Black Market Concerns About New Gaming Legislation in GermanyQ1 Trading and COVID-19 Planning Update
Reading Time: 2 minutes

 

Gaming industry leader GVC has issued an early warning about the new gambling law in Germany, which is scheduled to be implemented in July 2021. The new legislation would allow the entry of any number of sports betting providers, virtual slot machines and online poker games. The law will also permit a a limited number of online casino game providers too.

This law results from an agreement signed between federal states, which gives the individual states the power to define the limits on their discretion on many aspects such as the design of gambling products and gambling advertisement.

The law advocates many restrictions too, some of which are the following:

  • A ban of live streaming on betting sites.
  • No commercial advertising on radio and internet for virtual slot machines, online poker and casino games between 6am and 9pm.
  • A one-minute delay for customers when they switch between different games on the same internet domain, such as from sports betting to virtual slot machines.
  • A five-minute delay when switching between different gambling sites.
  • A €1 stake limit on virtual slot machines.
  • In-play sports betting limited to the final score and associated markets..

GVC warns that the provisions in the legislation are inadequate to protect the players’ interests.  They might end up achieving a wholly unfulfilling gaming experience for users, the company suggests.

GVC’s main concern is that this legislation will render licensed products less attractive and less competitive than the unlicensed counterparts. This could result in a huge risk where customers will be attracted to the black market.

As per the new law, the 16 German states can prohibit or allow online casino table games, for example, and impose their own restrictions. According to GVC, this will create an unequal playing field that is in contrast with the EU law.

There is, therefore, a huge risk that customers will move to the black market, where there is zero responsibility, zero protection and zero tax being paid.

The new law requires sharing of player’s personal data between operators and authorities so as to prevent parallel play across providers. This could develop as a breach of EU’s data protection fundamental rights.

 

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Central Europe

RTSmunity strengthen their position on the european market with forBET partnership

George Miller

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RTSmunity strengthen their position on the european market with forBET partnership
Reading Time: < 1 minute

 

RTSmunity, esports odds and trading provider, continue their expansion on european betting market with new partnership. The new cooperation with polish sportsbook operator forBET comes in a time where many major sports are facing problems, and esports are working as a stable stream of revenue. Customers of forBET will now be able to experience the top esports offer, improved in every measurable aspect – number of markets, uptime, odds.

The partnership between RTSmunity and forBET confirms the strategy that RTSmunity outlined earlier this year, which is continuous expansion on the european market, combined with new partnerships in the US and LatAm region. With many sportsbook operators looking to esports in a new new perspective, forBET demonstrated ability to be fast and agile company, by quickly enhancing their esports betting offer through RTSmunity odds feed.

Pavol Krasnovský, CEO of RTSmunity, said: We are very happy to start a new partnership with forBET. They have been able to succeed in very competitive betting market in Poland, and bringing their esports offer to the top level is the obvious step forward. We are very confident in our solution, and we have demonstrated that we are able to make esports a growing stream of revenue for sportsbook operators.

Petr Pacinek, General Director of forBET, said: The cooperation we have just started is a clear signal of the way we have chosen – continuous improvement of our offer, in order to support growth of our market share. Esports betting is still a developing industry, but already very competitive, and you can’t succeed without having the best offer. That’s why we have chosen RTSmunity to be our new partner, and we count on them to bring us to the top.

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Central Europe

German States in Discussion Over Possible Transition Period for iGaming

Niji Narayan

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German States in Discussion Over Possible Transition Period for iGaming
Reading Time: < 1 minute

 

Several German states are in discussions over a potential transition period that could allow operators to continue offering online casino products until the vertical is legalised from July 2021.

The exact nature of the discussions and whether this would allow operators to provide online casino without any sort of restriction, is as yet unclear, with reports telling that they do not want to pre-empt the talks.

“The federal states are currently coordinating the extent to which enforcement measures against illegal gambling can be effectively implemented in the transition phase,” a spokesperson for the state government of Nordrhein-Westfalen said.

While other states are yet to respond to requests for comment, local media reports that the chancelleries in Bavaria, Hamburg and Berlin are also involved in the discussions.

The discussions are playing out ahead of the implementation of the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) from 1 July 2021. This revised regulatory model, which is currently subject to a standstill period as it is considered by the European Commission, expands the online market beyond sports betting for the first time.

From July next year, online casino and poker will be regulated, albeit under strict conditions, such as a €1 per spin cap on slot stakes, and table games licences restricted to the number of land-based casinos in each state.

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