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Norway initiates new limits to casinos

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Norwegian Government Introduces New Legislation to Crack Down on Unlicenced Operators
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Norway is one of those countries which is especially strict with its regulations in the gambling industry. While gambling online is still legal in Norway, the regulations make gambling almost impossible. Besides the strict regulations, the monopoly of the industry does not let many online casino operators be present in the market, and thus, the online casino players, are having a hard time choosing the right one.

With the global pandemic going on, the number of active casino players is increasing. This is due to the fact that land-based casinos are closed almost all over the world, and the only possible option for gambling is online. This is why all of the players have turned their backs to the brick and mortar gambling and instead are actively placing their deposits online.

While the pandemic might have definitely done good for online gambling, it definitely did not affect the online players positively. According to some research and statements, published by different affiliate websites, the number of problem gamblers has increased drastically, making officials consider their limitations and perhaps implement some new initiatives to prevent the problem of gambling.

Norway is just among those countries that decided to change and restrict its approach even more to the gambling industry. Norway’s online gambling monopoly is imposing new holiday spending limits. The limits have been increased recently as well, though in the first half of December the limits have been increased even more. On the other hand, PartyPoker plans to make this Christmas the worst ever possible.

Norsk Tipping was the first to announce the new regulations. The operator mentioned that it was reducing the mostly loss limits due to the higher risk of addiction by 25% to NOK7,500. The maximum daily loss limits on these games will be down to only NOK2K. Not only the online casinos made the announcements, but every other affiliate and third party representatives are also encouraged to deliver this news to the customers. The Gratis Spinn turned out to be quick on the action and made an almost instant announcement regarding the upcoming changes for the Norwegian customers.

The limits of the products

The products like KongKasino, eFlax, Bingoria, and Yezz will also be subjected to an extended time out period after one hour of continuous play. The previous 90second delay will now last for 15 minutes, which is a very big change. The company is also removing the “popular” tag from its most popular casino games, in order to attract less attention from the customers. The tags, as well as promotional messages, will be limited to the players aged from 18 to 25.

The pre-selected stakes on certain products are being set as low as practically advisable and Norsk Tipping warned that it is not ruling out a further “downward adjustment” of maximum betting stakes on certain casino products. The betting was limited for a long period of time, as every sports activity was canceled or postponed because of the pandemic and now, the betting limits are even more discouraging to the punters.

According to the Norsk Tipping, the limits have been very effective and efficient in fighting the problematic gambling with the online casino players. Though now unlike every other December, which is supposed to be the most lucrative month of the year, December is very much limited and no high hopes are placed on the operations. Though because of the doubled flow of the players, both because of the pandemic in December month, the accountability measures shall be in place before the end of January.

Asen Havnelid the CEO of Norsk Tipping said that the company will use its Playscan risk-analysis tool to monitor and control the measures with the intended effect. The tool is capable of controlling if the measure is in place and what kind of consequences they may bring. Also, according to the results of the data collected from December to January, the company will decide further actions regarding the new initiative, whether to continue or not.

Norwegian players facing new challenges

Meanwhile, Norwegian poker players reported receiving emails from PartyPoker this week informing them that the sites will prohibit further deposits. The new regulation was taken in place from the 17th of December. Norwegian players will lose the ability to make any kind of deposits, though they will be able to require the withdrawal of their winnings from the account past the 17th.

This is not the first case, players confessing on the PlayPoker emails. The hundreds of players from different countries received similar emails, stating that they will be limited to use PokerPlay services. This is especially discouraging for the players outside of the US, where no changes have been noticed. The company made a statement regarding their intentions, saying that PokerPlay, which is the child company of GVC Holdings, is planning to limit its operations in every other market, rather than the US, in order to improve the reputation and operate solely in the regulated country.

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Global Online Gambling Market Report 2022: Featuring William Hill, Flutter Entertainment, 888 Holdings, Bet365 & Others

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Global Online Gambling Market Report 2022: Featuring William Hill, Flutter Entertainment, 888 Holdings, Bet365 & Others
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The “Global Online Gambling Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets offering.

The global online gambling market was valued at US$65.316 billion in 2020 and is expected to grow at a CAGR of 10.11% over the forecast period to reach a total market size of US$128.154 billion in 2027.

The growing popularity of betting across different regions around the globe is significantly driving the global online gambling market. According to the American Gaming Association (AGA), around 2,800 sites were active online and offered games and activities, such as poker, lottery, and bingo, as of 2018.

The growing adoption of smartphones, coupled with rapid penetration of better internet connectivity across various regions/countries, is supporting easy access to various online gambling platforms. With companies offering freemium models to their customers, the number of people engaged in various types of online gambling is rising at a considerable rate which, in turn, is boosting the growth of the global online gambling market.

An increasing number of cost-effective mobile applications to play different online gambling games on smartphones is also contributing to the market growth of online gambling worldwide. The ease of sports betting using a portable connected device such as a smartphone, laptop, and tablet has increased the number of players in the online gambling industry.

Moreover, the proliferation of sports betting along with other online gambling ads is further attracting people to try online gambling, thus positively impacting the market growth during the forecast period. Online agencies, third-party ad servers, and networks and exchanges are used for advertising gambling websites of various companies. Online gambling service providers enter into agreements with individual customers or players to offer betting services for real money, attracting more and more gamers.

The online gambling industry has a vast range of regulatory frameworks in place, which attributes mainly to the market size, the number of participants, and the level of illegal gambling. Legislation for online gambling ranges from licensed markets that are fully open to commercial operators to explicitly prohibited and banned. Tax rates, online penetration, and other regulatory requirements vary widely across geographic regions. As legislation continues to evolve, the regulated markets have a severe impact of increasing costs and barriers to entry which includes consumer protection initiatives and rising gambling taxes. By far, the United Kingdom is the largest regulated online gambling market for many online operators. Other sizeable regulated markets include Sweden, Spain, Italy, and Australia.

However, many countries prohibit the online gambling industry, which is hampering the growth of the global online gambling market. Countries, where online gambling is illegal, include Singapore, the United Arab Emirates (UAE), North Korea, India, and Qatar. In Russia, online gambling is completely banned except for interactive gambling, which includes simulators of slot machines, card games, and casino games. Moreover, countries, where online gambling is allowed have restricted and stringent regulations, which further erodes the growth of this overall online gambling market.

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eSports

IESF and Sidewalk Entertainment Partner to Promote a New Variety of Esports

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IESF and Sidewalk Entertainment Partner to Promote a New Variety of Esports
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The International Esports Federation (IESF) has signed a Memorandum of Understanding (MOU) with Sidewalk Entertainment, an artificial intelligence (AI) tech company. IESF and Sidewalk will work together to promote a new variety of esports, which utilizes the physical movement of athletes.

Together, IESF and Sidewalk will use STEPIN, a random dance challenge service that uses real time motion-tracking AI technology created by Sidewalk. Using the platform, the two organizations will bring together esports and dancing by providing opportunities to learn, practice and battle. All users will have the opportunity to see the reply of their skeletal joints. IESF and Sidewalk will also collaborate on a special activity using STEPIN at the upcoming World Esports Championships Finals in Bali, Indonesia.

This partnership will help explore new developments in esports, combining dance and interactive social media experiences, as well as international STEPIN tournaments. It will also contribute to uniting the World Esports Family by connecting K-pop and esports fans worldwide.

IESF Secretary General Boban Totovski said: “IESF is thrilled to work together with Sidewalk Entertainment to bring something new to the esports ecosystem. We are pleased to be taking part in a new digital content culture of K-pop dance and working towards our mission of serving as an exchange platform and network for esports stakeholders and securing valuable partnerships within the World Esports Family.”

Sidewalk Entertainment Kibong Kook said “We are so glad to be in partnership with IESF and bring a new joy to K-pop and esports fans around the world. The K-pop industry and esports industry both are growing rapidly in the global market. We will link both industries with the AI technology of STEPIN to create a new chapter of esports industry.”

IESF recently held the World Esports Summit, which brought together over 200 stakeholders from the World Esports Family and the broader esports ecosystem to discuss key issues in esports and the future of responsible esports worldwide. IESF is constantly evolving to best serve its members and secure the future of responsible esports.

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Pragmatic Play games are the latest addition to the Quantum Gaming platform

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Pragmatic Play games are the latest addition to the Quantum Gaming platform
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Quantum Gaming has entered a new partnership with Pragmatic Play, the leading multi-product provider to the iGaming industry.

With a diverse portfolio tailored and regulated for the mobile industry, Pragmatic Play is focused on delivering engaging, evocative gaming experiences for players in regulated markets all over the globe.

All of its games are designed for optimal player engagement on mobile and desktop, providing a broad choice of immersive products, headlined by multi-award-winning Gates of Olympus™ and Wolf Gold™.

Pragmatic Play’s reputation is founded on dependability, an established track record of reliability, agile delivery, and the flexibility to modify games to the specific needs of each operator. It regularly monitors and measures game performance in order to deliver the finest gaming experience to players worldwide.

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