Connect with us
SoftSwiss
Playson

Latest News

Gaming Contributed €1.56bn to the Economy of Malta

Published

on

MGA organises workshop for BOV officials
Reading Time: 4 minutes

 

The economy of mga  received €1.56bn from gaming in 2019, which represents a 9.6% year-on-year growth according to data from the 2019 report of the Malta Gaming Authority AKA the MGA.

According to the report, there’s been an ongoing enforcement drive by the MGA, during which it has succeeded in cancelling 14 casino licenses in 2019 alone. There’s also been a 3.9% increase in the number of casino firms and sites in operation – on which you can do things like play online blackjack and crowd favourite slots on – taking the total number to 294, which is still below what it was in 2017.

A look at the €1.56bn additional profit and the total value of the goods/services that the casino industry produces, minus the total consumed value, placed the gaming sector at the third position in the list of the private sectors that contributed highest to the economy of Malta. It stands just behind the retail, food, and accommodation industry at number one and professional services at number two.

Talking about this, the MGA also proposed that gaming also helps in the generation of added value through other ancillary and affiliate services to other main sectors like the real estate, distributive trades, catering services and hospitality, ICT activities, financial sector and professional services sector.

In 2019, the gaming industry provided up to 7,417 jobs, which is a 9.2% year-on-year increase. Out of the total number of jobs mentioned above, the online gaming industry had 6,593. Now, the MGA did not announce the total gaming revenue for the industry, but it went ahead to announce the revenues gained by different types of games.

The first set is made up of the ‘player versus house casino games,’ and this accounts for more than 56% of the total revenue, against the 55.4% of the previous year. In this category, the games that took the centre stage were slots, and they accounted for more than 74.4% of the revenue made by this category. The table games stood at a distant 21.5%.

The second category is made up of sports betting, and this raked in 36.3% of the total revenue, signalling a drop in the 39.0% that it generated the year before. The most prevalent game in this sector is the game of football, which brought in 76.4% of the total revenue, while the contribution by tennis stood at 7.7%, and basketball contributed 5.9%.

For the third category, we have ‘player versus player,’ games and this raked in 7.7% of the total revenue. Poker contributed 81.9% to this, and betting exchanges brought in 10.3%.

The body also has another category of games that it gives licenses for, and this type 4 license is given for controlled skill games. But because the revenue that came through this was very minimal in the scheme of things, it wasn’t added.

There was also a 12.7% growth in the number of active player profiles in online casinos operating with a license from Malta, with the number standing at 20.4m at the moment.

14 casinos were cancelled while the MGA was enforcing its regulations in 2019. This is an increase from the 8 that were cancelled in 2018 and 3 that received the same treatment in 2017. Also, the regulatory body sent 11 licensed casinos into suspension, the same number they did in 2018.

They placed great emphasis on ensuring that the increase in enforcement and compliance they are embarking on reflects its structure and governance. According to the chief executive of the MGA, Heathcliff Faruggia, they committed more money to compliance, to ensure that the risk-based approach to enforcement and regulation is implemented.

There was an increase in the total number of companies operating with licenses in Malta as well, going from 283 in 2018 to 294 in 2019. But this is still not up to what was the case in 2017 when they had 296 companies. There was also an increase in the total number of active licenses from 286 to 298.

They issued new licenses to 53 out of 89 applicants. This is below the 93 that were handed licenses in 2018, and the explanation given by MGA about this is that it was because of the alterations they made in their licensing system from August 2018. The new provision holds that there wouldn’t be any need for new licenses for operators who already possess the critical gaming supply or gaming service license when they want to start offering products that are captured by a different class of license.

The MGA also delved into ad hoc responsible gambling audits in 2019.

For Faruggia, through these audits, the firm has been able to ensure that the lawful safeguards that each license enforces are effective and that they keep relaying information to the authority on how best to protect the vulnerable in the sector.

In 2019, the regulator gained €81.7m, which is an 8.6% increase. Most of the funds were from levies and compliance contributions, and it had an 8.1% increase. Also, €8.1m was made in license fees, which is a 16.1% growth, while fees for license application brought in €477,605 revenue, which is a 16.6% growth. The other sources capped this up with €817,276, which is a 14.9% drop.

When it comes to expenses, the MGA spent €13.2m – with staff costs totalling €7.2m, while depreciation and amortization, plus general and administrative costs stood at €1.2m.

In order to be ready for the future, the MGA did a survey of the licenses in April 2020, to study the impact of the current health crisis on the gaming sector. From a poll conducted for 151 B2C operators, there would be a drop of 12% in gaming revenue in 2020, and this is because of the drop in sports betting revenue. The revenue is predicted to experience a 40% decline. Also, 64 B2Bs were surveyed, and they also pointed to an expected 20% decline in revenue.

According to Faruggia, there has been an increased emphasis on the need to protect vulnerable players, especially now that our daily lives and finances have been heavily disrupted, and many are in the dark about their financial future. But then, the industry is also experiencing huge pressure through operational costs, and they have to consider this in line with the new reality.

The body is making efforts to ensure that operators with licenses adhere to the guidelines, while those without licenses, who are out there to make illegal money and put the public in danger are stopped.

Latest News

The Evolution of Online Gambling in the US

Published

on

Reading Time: 3 minutes

 

Online casino gaming in the US has faced several highs and lows over the years. The most notable of these was the ban on real money online gambling activities for North American gamblers. Although the ban did not restrict bettors from indulging, local online operators found it difficult to continue offering their services.

Since 2018 and also due to the global pandemic, things have started to change for the better. That’s because more states are choosing to adopt online gambling practices.

Part of this change of regulations is that the US government noted it was making revenue losses every year because bettors use their money on overseas platforms outside North America. For instance, an estimated $150 billion goes to overseas operators yearly for online sports bets.

Free Play Online Slots Remained Accessible

During the gambling ban, US casino gamers still got to enjoy free slot releases. These were allowed even on local operators’ sites since no money exchanges occurred. The free options are still available on various sites, even with real money games now legal.

It’s something that even overseas operators have for their most popular slot releases. Thanks to the availability of these free slot games, players still got to indulge in some casino gaming activities.

With online casino gaming legalized in most states now, players can use the skills they learned from free gaming. That’s because they know which games offer the kind of gaming experience they seek.

Whether it’s big or frequent payouts, the free games give a glimpse into how a real gaming session could turn out. Free games also show you how the bonus features in various releases get triggered and the increased payouts to expect.

Free Slots on Sweepstake Sites

More sites that US gamers have enjoyed free slots are on sweepstakes casinos. These are platforms similar to online casinos. The difference is that they’re able to offer games to players across North America.

That’s because they run under US sweepstake laws where transactions aren’t necessary to play games. Instead, you use a type of in-game currency to bet on games.

Another notable difference on sweepstake casinos is that the games aren’t the assortment you’d find from known developers. These are different titles that offer the same thrills regardless. So, while at sweepstake casinos, don’t look for mainstream branded games. There aren’t any.

The Success of Free Slot Casinos

Regardless of the online gaming ban in the US, software developers and operators continued to enjoy profits. By offering free slots games, they were able to stay relevant in most gamers’ minds. So, whenever players found a real-money platform, these were the same releases they turned to. That’s because they had an idea of what to expect with those slot titles.

Adoption Of Online Live Casino Games

Another online gaming option that US residents have started enjoying is live casino games. Also called live dealer games, these are live-streamed versions of casino table and card games.

You get to interact with a dealer and any other players at the same gaming table. This offers an experience similar to being at a casino floor table, which due to the pandemic, most people can no longer enjoy.

Thanks to software developers like Ezugi and Evolution Gaming, players get the social element that virtual table games don’t offer. To play these games, the developers stream a live dealer at a table from their gaming studios.

The players then interact with the dealer through an in-game chat feature or a device microphone if they have one. Some game versions available with this option include Blackjack, Roulette, Poker, Sic Bo, Baccarat, and Craps.

States Where Online Gambling Activities Are Allowed

Online gaming activities are accepted based on the state players access the sites from. Below are some of the platforms where US gamblers can enjoy online gambling. We’ve also listed which activity each state accepts as legal.

  • Delaware – Online casino gaming, Online Poker
  • Michigan – Online sports betting, Online casino gaming, Online Poker
  • New Jersey – Online sports betting, Online casino gaming, Online Poker
  • Pennsylvania – Online sports betting, Online casino gaming, Online Poker
  • Iowa – Online sports betting
  • West Virginia – Online casino gaming, Online Poker
  • Nevada – Online Poker
  • Indiana – Online sports betting
  • Tennessee – Online sports betting
  • Illinois – Online sports betting
  • Colorado – Online sports betting
  • Virginia – Online sports betting, Online casino gaming, Online Poker

Mobile Betting Sites for US Players

Beyond allowing players to enjoy real money games online, some states have started accepting mobile betting options as well. As such, US-based players in select states can access online gambling sites through their smartphones and tablets.

That’s either through the operator’s native apps or through the mobile-optimized version of the chosen casino site. The same goes for online sports betting activities.

Continue Reading

Latest News

Getting extra income with online activities

Published

on

Reading Time: 3 minutes

Nowadays, one of the most important problems people must deal with around the world is the economic scenery. The bills, the price of food, supermarket, clothes, education or health costs are increased constantly. It means that living is getting more and more expensive. 

source: unsplash.com

Many times it is necessary to look for alternative ways to get enough money. Considering that situation, have you ever thought about getting extra income using the internet to do some activities?

First of all, it’s interesting to remember some advantages to using the internet! Let’s check it:

  • Practicality: solve problem from home is very practice;
  • Efficiency: the digital way is very efficient and without human error;
  • Speed: using the internet to solve problem is faster than go to physical establishment;
  • Costs:if you use the internet for any transactions, you pay less tax.

The internet is present in our lives every day offering many opportunities, we just need to enjoy its good points.

 

How can I get money on the internet?

In addition to your current occupation, you can use the possibilities of the internet to get an extra income! Maybe you are asking yourself how you can do it. But don’t worry, just still reading to check some examples.

 

Simple job

There are platforms online that propose some paid simple jobs. You can sign up and receive tasks according to your profile information. Many companies need you to add content and quality in their daily service, constantly improving. The voice and opinion from customers are essentially. You could be one of these people, what do you think about it?

Usually these tasks designated on platforms are very simple like making a review or answering questions for a market research content from a point of view from the public.

 

Investments

Another good idea is using the internet to make an investment. You can invest in the cryptocurrency market, for example. This is totally legal. Cryptocurrency is a revolutionary way to make financial transactions because of its security, confidence and efficiency.

You can invest in cryptocurrency and even get daily earnings! To get it you should pay attention to the actions of other investors and the market scenario, so you can make a security decision. 

If you save time to learn about these investment modality you will find many great possibilities and could enjoy it.

 

Play games

What do you think about earning money while you play games and have fun? You would like to know that it’s possible! There are some apps and platforms that make you feel in a real casino, for example. One of these excellent platforms is PlayAmo

Using it you can get money playing one of their big variety of games. It’s possible to choose the one you prefer according to what you like, you will have many secure methods of payment options and you could receive bonuses to start an action!

 

Benefits of digital era

The digital era represents a big and revolutionary step in our life. Since we can make anything using a computer or a mobile, we have a unique conception about how we can handle problems. 

It’s possible to solve many things junt using the internet to improve our daily activities: pay a bill, make a market, order food, watch a movie and take a long talk with someone who is far from you. In addition to all of these, you can also earn money!

Continue Reading

Latest News

SIS unveils revamped 49’s offering

Published

on

Reading Time: 2 minutes

 

SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, has gone live with its newly enhanced 49’s offering – a wide range of numbers betting and virtual racing products that will drive profitability for online and retail operators worldwide.

After acquiring the full shareholding of the 49’s business last year, SIS has significantly invested in the product range to broaden its appeal and deliver new draws for bettors to experience.

The established twice-daily 49’s draw has been rebranded as “The Original Live Draw”, receiving a fresh look while retaining the strong heritage that has made it popular with operators and bettors for over 25 years.

SIS has developed a new high-margin 39’s draw, which takes place every fifteen minutes to provide more frequent betting opportunities. Additional innovative products are set to be launched later this year, including a new quick-fire draw format that will be made available across all hours of the day. The complete 49’s offering is supported with virtual horse and greyhound racing from SIS’s well-known and popular tracks, as well as the Irish Lotto Bet product that allows players to place a bet on the outcome of the Irish National Lottery.

The company has invested in a new web platform for 49s.co.uk. With a mobile first approach that also reflects the updated brand proposition, there are also more opportunities for affiliates to be integrated within the site.

The new 49’s offering is now available to players via a wide range of SIS’s leading operator partners, including Coral, Ladbrokes, Paddy Power, William Hill, and South African brand Marshalls World of Sport.

Jess Mills, Head of Product Proposition at SIS, said: “When we acquired 49’s it was always our intention to evolve the product offering to optimise the betting experience. Following months of hard work and working closely with our operator partners, we are proud to unveil the new-look 49’s offering.

“Product innovation is key to evolving 49’s, and while the iconic twice-daily draw remains, we are introducing new draw formats that will complement the offering and deliver greater betting opportunities.”

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.