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Veikkaus to Maintain €500 Loss Limit Until End of 2020
The Finnish Ministry of Interior has announced that the €500 loss limit set for certain Veikkaus games in May will be now kept in place until the end of the year.
Players were subject to a €2000 monthly cap and a €1000 weekly loss limit until May 1, when a €500 monthly and weekly cap on maximum losses was introduced to protect players from gambling unsustainably during the novel coronavirus crisis. The higher limit was originally intended to be restored on October 1. Instead, a new order that keeps the reduced loss limits in place until the end of the year.
“Maximum loss limits were lowered due to the pandemic. The aim was to improve the prevention and reduction of gambling-related harm in a situation where time spent at home increased due to the restrictions and recommendations in force at the time, and the lack of physical slot machine and casino gaming opportunities could shift gaming to Veikkaus’ online gaming service,” the Ministry said.
“Although restrictions have been lifted, the coronavirus situation may still be associated with the risks of excessive gambling. Monitoring and research on problem gambling suggests that, in the short term or on individual occasions, the loss of large sums is more often associated with problem gambling than high consumption over a longer period of time,” the Ministry added.
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Betinvest Expands its Partnership with EveryMatrix
Betinvest has expanded its partnership with EveryMatrix to boost the latter’s OddsMatrix offering.
The deal will focus on expanding OddsMatrix’s options with the addition of two esports leagues, CyberLive!Arena and Esport Pro Club, as well as two four fast sports leagues – WINCUP, TT EURO.CUP, Winners, and Winners Goal Pro Cup.
Tor Skeie, CEO at OddsMatrix, said: “We’re always pleased to extend our relationships with valued partners such as Betinvest.
“Today’s announcement means that our Data Feeds clients will be able to immediately access a series of new and exciting esports and fast sports events and leagues without any further integration, giving them an instant gateway to providing next generation content to their audiences.”
Combined, the added events total 28,000 matches each month, with 24/7 coverage across eFootball, eBasketball, eBasketball Euroleague, eHockey, eFutsal, eCricket, table tennis, beach volleyball, and short football.
Daria Petrus, Business Development Team Lead, added: “We’re thrilled to see our collaboration with partners expanding into new categories — this extended partnership marks a notable step-forward for both companies.
“OddsMatrix’s profound impact on the iGaming market cannot be overstated. Their wealth of experience, expertise, and unwavering dedication have solidified their position as a trusted and reliable partner for sports betting businesses worldwide.
“We’re honoured to deepen our partnership: with a shared commitment to excellence, we’re confident that this collaboration will propel us to new heights, fostering innovation and empowering our clients to thrive in the fiercely competitive iGaming landscape.”
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Habanero is out on the prowl in a frosty escapade with latest release Arctic Hunt
Premium slots and table games provider, Habanero, invites players for an icy adventure in its new title Arctic Hunt, offering expanding wilds with multipliers of up to 50x.
Set against a snowy forest, this 5×3 game hosts a variety of wildlife such as fish, rabbits, deer and beavers as its symbols. Arctic foxes can also appear as wilds and substitute other icons to help form wins.
Regular symbols can land with crystal gems attached which are accumulated in a counter at the top of the board. Collecting seven of these gems triggers expanding wilds in the following spin, where the fox tile expands to cover the entire reel it lands on as well as providing a multiplier of 2x to 50x.
Three to five snowflake Scatter symbols can land, awarding 10, 20 or 50 free games respectively which can be retriggered to further boost the chances of big win potential.
Arctic Hunt follows recent hits such as Moo Moo Cow and Golden Taj Mahal as the provider continues to bolster its portfolio with high-quality releases.
Commenting on the release, Toni Karapetrov, Head of Corporate Communications at Habanero, said: “Inviting players on a snowy excursion through the wilderness, Arctic Hunt pairs its immersive theme with equally captivating gameplay.
“Allowing players to hunt for an array of animals, including the elusive expanding Wild fox which can boost wins by up to 50x, we’re confident our latest release will continue to drive growth for our partners.”
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Bacta Aim to Get Statutory Instruments Agreed Ahead of Summer Recess
Bacta has addressed members concerns that an early general election could delay the recommendations of the Government’s white paper on gambling reform explaining that it hopes to get the statutory instruments agreed prior to summer recess with the House Rising on July 23.
The political update was provided during a specially convened meeting of Bacta’s Scotland-based members which was attended by Bacta President John Bollom, Vice President Joseph Cullis and Executive Directors George McGregor and Robert Gibb on May 2 in Glasgow.
The meeting, which was chaired by Joseph Cullis reinforced Bacta’s on-going membership engagement programme which has seen the trade association hold a “meet your National Council” open forum in Leeds with plans to extend a similar initiative to the south west of England after the summer season.
Reflecting on the meeting, Joseph Cullis said: “Following the publication of the white paper last April the ensuing months have been among the busiest periods faced by Bacta in its 50-years serving the industry. This was evident during our meeting in Glasgow when a packed agenda included discussions on the introduction of cashless payments which is unlikely to take place before April 2025, the regulations concerning Category D machines in FECs and an update on the requirement to submit regulatory returns on a quarterly basis.
“Members were also interested in learning about Bacta’s lobbying for a review of stakes and prizes, our recommendations on updating technical standards which were submitted to the Gambling Commission at the end of April and the discussions we are having with the government regarding the introduction of an Ombudsman avoiding the need to resort to primary legislation.
“We were also able to share our plans to produce industry-wide economic and social impact data for members to send to their local MP and parliamentary candidates ahead of the general election and provide insight on how the methodology used in the Gambling Survey of Great Britain – formally known as the Prevalence Study – will result in an increase in the reported incidence of problem gambling and is not comparable to previous data.”
“Bacta is a national organisation and listening to the lived experience of members throughout Great Britain is vital.”
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