Connect with us
SOFTSWISS

Latest News

Socio-economic benefits of casino businesses

Published

on

Socio-economic benefits of casino businesses
Reading Time: 4 minutes

 

Despite the various benefits that the industry brings to the economy, most people tend to downplay its existence. The casino industry has led to many social and economic benefits. A few sites like the Suomenkieliset Nettikasinot website have explored the benefits of casinos on the larger society. Some of the benefits include;

Creating Employment

From London to Las Vegas, casinos have helped create thousands of jobs. In Macau, the gaming industry accounts for almost half of the city’s gross domestic product.

The number of jobs created annually evidences the economic impact of the flourishing gaming industry in London. Aside from the jobs created by the establishments, they also help support local businesses.

Despite its small beginnings, Las Vegas has become one of the largest gambling cities in the US. It’s not just a place where people can gamble. It’s also a reflection of how big the industry has become in the country.

Entertainment

Whether you play slots, table games, or poker, chances are you will win when you do. But with so many options available, you can keep playing for hours.

Most slots and table games are also dynamic so that various things can inspire them. So, for example, you could play a game inspired by Thor or a sports-themed one.

These days, you can play casino games on your couch. Just download an app or a good laptop and start playing.

The UK Gambling Commission is responsible for ensuring that online casinos are operated professionally. It is why you will usually find top UK online casinos that provide impeccable customer service.

Sponsoring local Sports

Sports sponsorships are very popular among sports gambling businesses. Through the support of local businesses, athletes can develop their skills and reach their goals.

In the Premier League, some clubs earn as much as 20 from betting sponsorships. These clubs can then sign and pay their players without increasing their ticket fees.

Tax Revenues

One of the main factors that governments look for when they license gambling establishments is their ability to generate tax revenues. For instance, the gaming industry contributes over $40 billion to the country’s treasury in the US.

When he was governor, Chris Christie knew that there was money to be made from the PASPA Act. He was right.

In Britain, the gambling industry contributes about 3 billion pounds to the government’s tax revenue. In Macau, the local authorities collected over $13 billion from the gambling industry.

Recreational Activities

Most people who travel in gambling cities gamble and attend other events like boxing, festivals, and experience the nightlife. Casinos are a major contributing factor to the attraction. Most casinos have integrated other recreational businesses like hotels and clubs, massage parlor, and restaurants.

An increase in economic activities

Opening a legal casino does more than increasing tax revenue. It also indirectly supports the jobs that are created by the industry.

Casinos increase cash flow from the interconnected and related establishments businesses like dining areas and bars.

All the money collected and gained can’t always stay in people’s banks and pockets, and it has to go into the Philippine economy. It means more money for businesses and individuals.

Reduced criminal activities

Gone are the days when casinos were associated with organized crime figures. Nowadays, casinos are legalized business activities, and people who work in legal casinos are just like everyone else and earn legit income to fed their families and support their lifestyles.

The more legal establishments are opened, the less crime there will be in countries that have legalized casino gaming.

Illegal casinos are usually rife with criminal activities. That is why it is essential that the illegal establishments are shut down and legal casinos left to operate.

Increased charity donations

Even though it is a voluntary act, the gambling industry is responsible for giving a portion of its earnings to charity. Therefore, a lot of money is collected from the gambling industry. The part given out to the charity donations amounts to enormous amounts of money to help different projects.

Fun and creation of valuable connections

Some people are into gambling, and with the land-based casinos, they can interact directly with each other. Therefore, it is beneficial for them to discuss various topics of interest with more profound insights and offer relevant guidance as they play and have fun.

Another source of income

Being a good player is very beneficial for those willing to put in the effort to improve their game. A gamer can make crazy profits even when playing against the house edge of the casinos. Money earned from the casinos is used to diversify investments or support their lifestyles.

Establishing a limit on how much money one can hold allows one to avoid making costly mistakes. It is always advised to have an operational plan to utilize all the money one has worn without a single cent.

Infrastructure development

The buildings used for land-based and online casinos are generally built to a high standard. They have the necessary technology and equipment to operate smoothly. VIP perks are also trendy in the posh areas as they attract a huge market. In addition, most casino access routes like roads, rail systems, and water systems are highly developed.

Improved living standards

Casino gamers have the chance to secure huge wins from a single play. Having the right mindset and execution tactics is vital to ensure that greed does not fall on your path and neither miscalculates the playing tactics. After securing a win, it is always essential to plan how you will use the money as the devil never sleep. Yes, you can wake up prosperous today and poor tomorrow. With the worn amount of money, one can quickly feed themselves and still provided for their family.

In conclusion, the impact of the casino industry is widely felt in local communities. It not only supports local businesses but also contributes to the local economy through its various tax revenues. However, there are some negative impacts of gambling that can affect a person’s life. These include addiction to gambling, family breakup, and loss of friendships; hence it is always important to follow all the basic gambling rules to prevent adverse impacts from casino gaming.

Gaming

Speechless Announces Hybrid License, Giving Actors Greater Control Over Their AI-Generated Voices

Published

on

Reading Time: 2 minutes

 

New platform will enable voice actors to gain commission on their AI-generated counterparts while also streamlining the development process for studios

Today, Speechless, the voice actor database and asset tool for the games industry, has announced its new Hybrid AI License, combining real voice talent and generative artificial intelligence (AI). This new license will enable game developers to utilize all aspects of modern voice-over production while providing more equitable opportunities for the actors themselves. With the current games landscape increasingly experimenting with the potential of AI, Speechless is offering a solution that takes a greater ethical approach to this technology.

The first complete management system for the games industry, Speechless’ Hybrid AI License easily allows developers to use the full range of voice-over options in one place; from text-to-speech, speech-to-speech and conventional voice recording. Unlike other text-to-speech providers, Speechless’ integrated approach allows developers to access the voice actors behind the AI-generated, text-to-speech options. This license not only enables developers to gain greater creative control over voice production but also gives actors control over their AI-generated voice.

Voice actors will benefit from this license by having their AI-generated voice earn a commission when it is licensed by developers. In addition, developers can utilize text-to-speech options to refine their scripts before bringing on the voice actor for the full recording. Developers can then adjust the voice actor’s recording with its AI counterpart at the later stages of development, removing the need for reshoots and allowing voice actors to move on to new projects.

The potential of Speechless’ License also enables a greater depth of content for side characters and NPCs and streamlines localization in new markets while keeping voice talent involved. With the rise of generative AI in game development, Speechless is establishing the best practice for utilizing the advantages of this technology without excluding the creative talent of voice actors.

This new license is available immediately and follows Speechless’ recent collaboration with audio middleware leader Audiokinetic Wwise.

“We can’t ignore the potential AI has for the games industry but we need to approach this technology ethically; that’s what we aim to achieve when it comes to voice-acting,” the Chief Executive Officer for Speechless, Peo Drangert (pictured), said. “By offering a hybrid license, developers can streamline their processes and experiment with different voice actors at a lower cost. At the same time, voice actors are compensated for their work and the work of their AI-generated voice, have greater opportunities to collaborate with studios and can work more flexibly. AI will continue to grow in the games sector, so we must use it responsibly to ensure a fairer industry.”

Continue Reading

eSports

Oddin.gg has entered into an exclusive multi-year data partnership with premier esports tournament organizer, PGL

Published

on

Reading Time: 2 minutes

 

Building on the exceptional viewership of the PGL Major Copenhagen, which ascended to the third-most watched event in Counter-Strike history, PGL and Oddin.gg have agreed their strategic alliance through a substantive multi-year agreement.

This extension reinforces Oddin.gg’s position as the exclusive provider of Data & Integrity services for PGL’s premium Dota 2 and Counter-Strike 2 events, underscoring Oddin.gg’s ascendancy as a pivotal force in the esports official data sphere.

The scale and caliber of esports content under this partnership have catapulted Oddin.gg to the forefront as a major data authority. The success of this collaboration is a testament to the synergy between Oddin.gg and one of the most impactful tournament organizers in the competitive gaming arena.

The extended multi-year pact encompasses a minimum of eight Dota 2 headline events along with a minimum of eleven Tier 1 Counter-Strike 2 tournaments. These competitions will feature the elite of global teams, competing for prize pools of at least USD 1 million each, promising to further elevate the profile of this flourishing partnership.

Marek Suchar, Co-founder & Managing Director of Partnerships at Oddin.gg, enthusiastically speaks on the extended partnership: “Our commitment is to affiliate with the premier entities in esports, and PGL stands out as a peak of excellence within the tournament circuit.

Their team has masterfully orchestrated the top three most-watched Counter-Strike and the two most-watched Dota 2 tournaments in history. With the dynamic evolution expected in 2025, we are both excited and privileged to align with PGL’s visionary path for the esports community to support, protect and entertain esports fans. This partnership is a strategic step towards enhancing the global esports experience, and we eagerly anticipate the groundbreaking advancements PGL will introduce for Counter-Strike 2 and Dota 2 in the years ahead.”

Silviu Stroie, CEO of PGL, shares his perspective on the alliance’s growth: “At PGL, our core mission is to craft the ultimate esports experience on a global scale. Independence, innovation, and integrity are the pillars we stand on, promoting fairness and sustainability within the esports world. In Oddin.gg, we’ve found an ally that resonates with our ethos, making them the ideal partner as we forge ahead. Our ongoing partnership solidified through a multi-year contract, echoes our mutual commitment to the community of esports. With Oddin.gg’s unmatched data and integrity expertise, we’re elevating our tournaments beyond mere excitement to meet the highest benchmarks of fairness. United, we are on a quest to curate unrivaled esports events, propelling this dynamic industry toward a vibrant and thrilling future.”

The renewed alliance with Oddin.gg arrives at a transformative juncture for PGL, marking a significant expansion in their annual event roster. This strategic development is timed with the enactment of new regulations starting January 1st, 2025, which mandate the separation of tournament organizers from teams. These guidelines are set to foster a more competitive and varied landscape for Counter-Strike 2 tournaments, ensuring a level playing field and circumventing any potential conflicts of interest.

This partnership renewal covering 2024 to 2026 underscores the commitment to these principles, promising an array of thrilling competitive spectacles in the years to come. It signals a fresh epoch for PGL events, championed by the upcoming Wallachia tournament in May 2024, which will serve as the inaugural event under this new agreement. The Wallachia event is just the beginning, heralding a series of tournaments designed to captivate the global audience with unparalleled competitive narratives and a showcase of elite talent, reinforcing PGL’s status as a trailblazer in the esports domain.

 

Continue Reading

eSports

DATA.BET offers streaming videos collaborating with Bayes Esports

Published

on

Reading Time: 2 minutes

 

The provider is reshaping esports content distribution with its new Bayes Esports video streams

DATA.BET, a reliable supplier of esports betting solutions, now delivers a tool that elevates the viewing experience on operators’ platforms in collaboration with Bayes Esports, the leading supplier of official esports live data, services, and products.

The introduction of video streams from a trusted source represents a significant step in addressing the challenges in content distribution for popular disciplines, such as CS2 and Dota 2. Approximately 90-97% of esports events are broadcasted through Twitch. However, the platform generally has delays that can reach up to 2 minutes, equal to a round in CS2, leading to an outdated viewing experience.

“Our live streams with reduced latency mark a significant milestone in esports betting development,” stated Alex Kozachenko, Chief Product Officer at DATA.BET. “In a strong partnership with Bayes Esports, we deliver our clients and their users a faster, more reliable alternative to conventional streaming platforms, ensuring an immersive and authentic viewing experience.”

Bayes Esports’ video streams offer a solution for minimizing delays by providing official broadcasts directly from tournament organizers, serving as a “source of truth” for esports streaming content. The integration of this streaming feature also presents new opportunities for operators to increase retention and enhance their services by incorporating branding and marketing campaigns directly into the streams.

“Our partnership with DATA.BET unlocks new avenues for platform engagement,” commented Amir Mirzaee, CCO and Managing Director of Bayes Esports. “In an industry where user satisfaction is essential, providing operators access to high-quality, low-delay tournament broadcasts is a game-changer. It enables them to provide unique content and enhance the overall betting experience, fostering deeper connections with their audience and driving sustained growth. Official, low delay video feeds are a sure way to identify the respective official data offerings for users and a way to make sure that their engagement benefits the esports ecosystem.”

 

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

SaaS-builder for partner program development and performance marketing optimization

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Advertisement

LEADING AFFILIATE MARKETING SHOW

Trending

Get it on Google Play

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.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

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