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Exponential growth awaits the online casino industry

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Exponential growth awaits the online casino industry
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For most industries, 2020 was a very difficult year, but for the world of online gaming, including online casinos, it was a very different story.

With millions of people stuck at home because of the pandemic, many have used online gaming and online casinos as a substitute for the kind of fun and excitement they would normally have achieved with nights out.

While traditional casinos have suffered along with other industries, online casinos have grown in popularity, and exponential growth is expected in 2021.

Governments have also become in need of extra revenue, making the legalization and taxation of online gaming an appealing idea. Six US states voted in favor of online gaming legislation in the November 2020 election ballot.

Furthermore, President Joe Biden has stated that unnecessary restrictions on the gambling industry will not be implemented by his administration.

Legal online gambling in the US
Online gaming is covered by state regulations in the US, and there are three different categories – online poker, online sportsbooks and online casinos.

Some forms of online gambling are available in many states, but so far only New Jersey and Pennsylvania allow all three.

New Jersey and online gambling
Online gambling, including online casinos, has been legal in New Jersey since 2013.

Since the launch of the very first online casino, the state has made as much as $1.4bn in revenue, and there are bonus codes for New Jersey casinos to encourage customers.

That revenue continues to increase every year, and far from slowing down, recent events have made it clear that the growth in the market is going to expand further in 2021.

Pennsylvania and online gambling
All forms of online gambling including online casinos were legalized by the state of Pennsylvania four years ago back in 2017, with the state’s first casino site being launched two years later in 2019.

There are many options for players in 2021 via online casinos and sportsbooks, and the expansion of many online casinos is also expected this year.

The new bill was passed in order to increase tax revenue and while Pennsylvania was late to the online gambling scene in comparison to New Jersey, it has continuously demonstrated market growth and numbers that are just as strong, if not better.

Because legislation on online gaming is state by state in the US, it is difficult to determine the future for the industry elsewhere in the country.

Europe and online gaming
The online gaming industry in Europe has also undergone exponential growth with a number of countries including the likes of Germany, Italy, Switzerland and the United Kingdom emerging as important markets, and the trend is continuing to point upwards for this year.

Innovations in technology have also made it easier for the population of Europe to get access to gaming sites including online casinos at any time and from anywhere, the European Betting & Gaming Association says.

The industry has a 10% annual growth rate in Europe, with the market value of the entire online industry in the continent expected to reach as high as EUR29.3bn by next year.

Why the online gaming market in the EU has rapidly expanded
One reason for the exponential growth in the European gambling and casino industry is due to the strict licensing bodies in the sector that exist in the continent, a trend that has drastically expanded over the course of the last few years.

Consumers are able to access the same quality of game via gaming apps as on a casino website, which has also resulted in live betting and has encouraged providers to enhance game plans and offer improved UX.

The UK and online gaming
The United Kingdom’s online gaming market is offered by private providers in a very competitive environment, with strict gambling regulations and rules in place to make sure online gamblers know they are safe when using online gambling sites and casinos.

ER Casinos
ER (Enhanced Reality) Casinos is a fairly new player in the world of online gambling, an innovation that sees the physical world of the gaming screen expanded via superimposed digital elements to offer a more realistic and immersive experience.

The technology took off in a big way in 2020 and is likely to increase in popularity this year, further aiding the exponential growth of the online casino industry as a whole.

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Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

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The Benefits of Playing at EU Casinos

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There are many EU casinos that not only attract players from Europe itself but also from countries around the world, including the US, UK, and even those from countries where online gambling isn’t permitted. So why is it that EU casinos are so popular? What drives the online gambling community to these casinos?

Well, that’s what we’re going to be looking at today. What’s so attractive about EU casinos to people who are looking for an immersive and entertaining online casino experience? Why do people in the USA, the home of Las Vegas, go outside of the USA to play at online casinos?

Benefits of EU casinos

Online gambling is by far one of the most popular methods of gambling online. Throughout Europe, specific laws in each country can vary, so access to land-based casinos can sometimes be few and far between. Thus, going online to enjoy a casino experience has become a more preferable option. And so why EU casinos? Well, for those who are joining EU casinos from outside Europe and not from the UK or the US, the English-based support and customer service are very attractive. A lot of people who play at EU casinos access it using a VPN or from a country where they don’t have any domestic online casinos, and most of the time English is their first language or one that they can understand.

The next attractive factor regarding EU online casinos is safety and security. Each online casino in the EU is strictly regulated and licensed. It’s this reassurance that a lot of players look for when choosing an online casino to go to and play at. They are held to the same strict and high standards as those of their British counterparts in the UK, which are upheld and monitored by the UK Gambling Commission. In the EU, a lot of the casinos are also regulated by either the Malta Gaming Authority or the Curacao Gaming Licence Authority. All of which share the same standards and expectations as other authorities across theglobe,e which ensures that all players playing online at EU casino websites.

The casinos that are available online in the EU are also very open to a lot of different payment methods. There are even some crypto casinos where you can play casino games online with cryptocurrency. This openness to accepting a lot of different payment methods means a lot to people who like to play at online casinos. The vast majority of them also pride themselves on providing very quick withdrawals, which are measured in hours rather than days. After all, there is nothing more frustrating than having a big win and then having to wait days to get your hard-fought winnings.

And lastly, bonuses and promotions. The vast majority of EU online casinos will have a wide range of different bonuses and promotions that you can sign up for and take advantage of. There are certain countries, such as Sweden, where the online casinos are strictly limited to one bonus or one promotion; however, the vast majority of EU casinos are not subject to such restrictions and offer a great online casino experience.

When it comes to the popularity of EU online casinos, it is growing year on year. There is plenty going in their favour and more people than ever before are shifting to online casinos rather than having to go down to the casino themselves. The fact that they can access these EU casinos from their smartphones, wherever they are, means it’s easier than ever before to win big at a casino online and have a good time.

 

 

 

 

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William Hill Announced as Official Betting Partner of Qipco Guineas Festival

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Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024

William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.

It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.

The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.

Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.

“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.

“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”

Newmarket – 2,000 Guineas: May 4, 2024

City Of Troy 4/6
Rosallion 4/1
Notable Speech 12/1
Henry Longfellow 12/1
Night Raider 16/1
Alyanaabi 16/1
Ancient Wisdom 16/1
Task Force 16/1
Ghostwriter 16/1
Iberian 20/1
BAR 25/1

Newmarket – 1,000 Guineas: May 5, 2024

Fallen Angel 7/2
Ylang Ylang 4/1
Dance Sequence 5/1
Ramatuelle 10/1
See The Fire 12/1
Content 12/1
One Look 14/1
Pretty Crystal 14/1
Buttons 20/1
Purple Lily 20/1
Porta Fortuna 20/1
Star Style 20/1
BAR 25/1
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EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

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