Latest News
Skrill and Neteller stop support for gambling payments In Norway
Gambling is increasing in popularity all over the world, especially online gambling has become one of the most common activities within the pandemic period. Thus, many online casino websites, as well as their partners, try to improve the quality of service they provide to their customers, in order to make gambling even more appealing and a better experience.
While most of the companies are trying to implement new strategies and approaches for the gambling industry, a very unexpected move was seen from two electronic currency wallet giants Skrill and Neteller. There are a few such safe and secure e-wallets like Skrill and Neteller, and them leaving the market has come as a very bad surprise.
The decision about two giants leaving the Norwegian market was announced in early December. Online casinos were given time until the 8th of December in order to inform their customers regarding the changes. Moreover, the players were only able to cash out their winnings from Skrill and Neteller until the 21st of December. From that date on, the online casinos can no longer offer customers the service of either Skrill or Neteller.
Norwegians left with a little alternative
While gambling in Norway is quite popular, the Norwegian gambling laws and regulations are quite strict. Because of the regulations and the fact that online gambling is almost illegal in Norway unless the gambling operator is set by the local authorities and industry representatives, the players try to escape all possible breaches of the law.
E-wallets such as Neteller and Skrill offer players the safest and most secure transactions, which enables them to stay away from the regulatory authorities and not to be noticed by the governments. Now, that both operators have left the market, players have to seek another alternative.
With this news, published back at the beginning of the month, both online casinos and affiliate websites were asked to provide as much information as possible regarding the changes and possible outcomes. More information about the challenges for the Norwegian gambling market is accessible on Norsk Casino Online, provided by the industry experts and analysts.
Every affiliate website, as well as casinos themselves, have the obligation to inform every customer regarding the new regulations and rules.
The bad news is bad news
While the new is generally quite bad, the worst part is that Norwegian gamblers have to seek alternatives, which is almost nonexistent in Norway. E-Wallets were seen as trustworthy and secure payment methods, but now other providers have to take care of the depositing and betting at gaming sites.
Everything this is even more discouraging, especially when the crypto payments are getting more and more popular all over the world, and more people start using cryptos instead of any other type of money, the necessity of e-wallets is increasing. Norwegian e-wallet account holders had the time of around two weeks in order to cash out all of the funds existing in the wallet.
While both Skrill and Neteller will no longer support the gambling-related transaction, it does not mean that they will not support regular transactions, or will limit Norwegian e-wallet holders from using ATM or any other services. They will also be able to utilize Paysafe’s wallet crypto services.
This might be the new room for development
Overall, the new changes will necessarily become new challenges for the Norwegian gambling industry. While the laws were not easy and soft, now they are limited even twice as much. Though, nothing should be conceived only from one perspective. While the doors are closed for Skrill and Neteller, they remain open for ecoPayz, which is now the only viable alternative option. It is true that not many customers have been seen to use ecoPayz before, now this might be a completely new opportunity.
Just like ecoPayz, the vanishing of the two major giants from the local market might be a new opportunity for others. Not yet, but hopefully, in the future, we should see some new faces in the market, who will not only be the viable alternative but will also become a very valuable service for the locals.
The bottom line
A closed opportunity for one is an open opportunity for another. The overall situation with online gambling in Norway is definitely not the best, especially considering the regulations and the gambling laws in countries across the globe. Though this might be the reason for other e-wallets to seek the way through the strict regulations, or for casinos to change and add some new and alternative payment methods.
Latest News
7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
eSports
The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
eSports
Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
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