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How Would Metaverse Online Gambling Be?

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With the announcement of the Metaverse, the way of seeing the world is going to change. The line between the real world and the virtual world is becoming thinner. The time will come when there will be no difference between these mega structures. The only difference is that; one is created by God, and one is created by humans that are taking a step ahead to become a God.

But what are we expecting from the Metaverse?

Well, the Metaverse is itself a unique and giant world that will be purely created by human beings. The whole scenario of our survival is going to change as the way we talk to someone, the way we study, the mode of entertainment like Gambling, and how we see people.

How will it be possible?

The virtual world of Metaverse will contain all the things that we have today in the real world. The smart power sensors will sense the same as we sense with the help of our five senses in the real world. And exactly, feel the games while playing it, and if we are talking about games, then the gambling industry is also going to become advanced as there will be casinos like we have today where we can enter and choose the games that we used to do now.

So, here we present to you the future version of what online casinos will look like and how we are going to adopt the change in online Gambling.

Top 4 Assumptions of Online Gambling World in Metaverse

1) Advanced Gaming Selection

As online Gambling has emerged and become more advanced, we can imagine how Metaverse Gambling would be. There will be big virtual buildings where our avatar will be entering and participating in different casino games. There will be a variety of games that will be installed inside the building. We have to visit the place and select the games as we used to select in real casinos. We will feel the surroundings with the help of different sensors, and maybe depositing money will be like giving money to the shopkeeper. Players now adore sites like Joker123 Casino for providing the vide variety of video slots. Now imagine how popular will be casinos providing full VR experience.

2) The Posture Of Playing Games

Metaverse will make things easier and will change the way of online Gambling, or it will allow us to behave as we are used to be in the real world. We can click the button, select the card, collect the chips, and do many more things.

Additionally, we can hang out with friends and play multiple games together, and beat the opponent easily by entering into Metaverse. And if we are talking about the opponent, then let’s talk about pokers as well.

Poker is a game where multiple players sit together at a table and play with the cards where the player with the biggest cards wins. More than that, this game needs a complete mind to invest and confidence where you have to assure your opponent that you have the biggest card even when you have nothing and force them to back out.

This interesting game will be available in Metaverse online gambling, where real people will be playing in their virtual avatar with the same strategy sitting on a round table and observing everyone’s expressions. In this way, all the online casino games will be played like a real-life posture with a little difference where all the things will be done by our virtual appearance.

3) Versatile Payments Modes

Online crypto casinos have given us the freedom to use cryptocurrencies, and there will be a great use of these digital currencies in Metaverse. For now, we use cryptocurrencies to pay online, followed by blockchain technology. But this is going to take a huge turn as it may happen that the coins that are imaginary in the present time will become virtually real. Maybe we can hold those coins and make direct payments to the casinos and get a reward that can be stored directly in our pockets.

This may take time, but the era isn’t so far when there will be no difference between a hard coin and a virtual coin. There will be virtual lockers to store our assets and make payments in the hands of the other person, obviously by following some rules in Metaverse.

No doubt, the value of these digital currencies is going to increase in that supergiant world, and the method of online payment is going to become easier than ever. Gamblers like Gclub for accepting the cryptocurrencies, you can find a few reviews of this casino here.

4) End Of Traditional Games

Online Gambling has already replaced the traditional way of playing as we cannot read the mind and expression in poker. And it is still getting advanced even though Meta is not into its existence.

What will happen to the traditional games after the existence of Metaverse?

Well, the traditional Gambling will almost be finished as there will be no need to go to the physical casinos by taking a cab. Rather than our avatars will visit the online casinos in Metaverse and play virtually with a real-life experience. It will result in the closing of many traditional casinos many big players will migrate to Metaverse. Many casinos in Asia make their first steps towards this trend.

Some features of modern gambling will also change, like playing on a mobile app. Maybe there will be no need for mobile applications, which we have to first download, install, login, and then start to play. This all can be changed as we will directly take membership of the casinos and visit there to play. As we play online with our friends, in the same way, we will be going with our friends together and enjoying the games available on a particular gambling platform on the Metaverse like the way we enjoy now.

Wrapping Up

Metaverse is going to transform the whole world, and we will be used to this virtual world very soon. Is it the right thing to happen?

Let’s imagine the world with no people or people wearing VR devices existing around us but alive in the virtual environment. It’s very scary to imagine, but it is going to happen in reality. Not very soon, but one day we all will be arrested in this virtual reality (VR).

To sum up, Metaverse is going to present a world where there will be no reality but will make us feel things as if they are real. We are going to join the online gambling world in the great virtual Metaverse that can be accessed anytime, anywhere with easy withdrawal options like cryptocurrency.

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Gaming Innovation Group – Mandatory notification of trade

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Gaming Innovation Group – Minutes from Annual Meeting of Shareholders
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Mikael Riese Harstad, Chairman of the Board and primary insider of Gaming Innovation Group Inc.

(GiG), has today transferred 864,403 shares in GiG to a life insurance policy with SEB Life International Assurance Company DAC with himself as the sole policy holder.

In addition, Helena Riese Harstad, a close associate of Mikael Riese Harstad, has today transferred 477,733 shares in GiG to a life insurance policy with SEB Life International Assurance Company DAC with herself as the sole policy holder.

After these transactions, Harstad and close associates owns no shares directly, but hold 1,342,136 shares through life insurance policies with SEB Life International Assurance Company DAC.

For further information, contact:
Tore Formo, Group CFO, [email protected] +47 916 68 678

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

 

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Industry News

Clarion Gaming and ExCeL London plan for the migration of iGB L!VE 2025 to the heart of igaming

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Clarion Gaming is advancing preparations for the migration of iGB L!VE to London in July 2025 establishing a roadmap of activities in partnership with the senior team at ExCeL London which will host the leading global event.

The latest meeting between the two organisations featured:

  • iGB L!VE Portfolio Director Naomi Barton,
  • Clarion Gaming Managing Director Stuart Hunter,
  • Head of Operations Richard Logan and
  • Head of Marketing Jody Frost with the senior team from ExCeL led by the venue’s
  • Chief Commercial Officer Simon Mills.

Expanding on the meeting Naomi Barton said: “This was the second senior level planning meeting that we have held with our colleagues at ExCeL London in order to move the home of the igaming community to a city which is the heart of the igaming industry in a country which is igaming’s largest market.

“The roadmap is being created in order to anticipate industry needs, address pain points and to exceed the expectations of customers. The migration of what is already a top performing Tier One igaming event is set against the backdrop of iGB L!VE’s 5-year growth plan which is focused on delivering 35,000 visitors and over 550 exhibitors and sponsors by 2029.

“Our vision is to harness the tremendous momentum created by the iGB L!VE brand and to take the event to a whole new level in a new venue, and a new exceptionally well-connected global home in the city of London.

“ExCeL London has a fantastic track record of helping events to fulfil their potential, and all of the building blocks are in place for iGB L!VE and its customers to accelerate their businesses to new heights in London.

She added: “Placing our customers at the heart of everything that we do is central plank to the iGB L!VE growth strategy, and the roadmap for 2025 is underpinned by a clear customer-focused programme that will ensure maximum cost-effectiveness as well as global growth for all of our stakeholders.

“We will be using July’s edition of iGB L!VE not only to reflect and celebrate our time in Amsterdam and say thank you to our fantastic partners for many years RAI Amsterdam, but also enable our vendors and customers to secure their presence at ExCeL London in 2025.”

 

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Latest News

Paf’s results for 2023

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The Nordic gaming company Paf’s annual report for 2023 shows that it has been a good year which means a good sum of Paf funds for society. Paf’s published customer segments show more sustainable revenue in the past year. The Paf board gets a new member.

The Paf Group’s revenue for 2023 increased from €165.7 million to €177.1 million, an increase of 7%. The growth in revenue results in an increase in profit from €44.8 million to €55.1 million, which is a record for Paf.

“We can be happy and proud with the past year. We have gained a larger customer base and the number of active customers has increased by 27%, which explains some of it, but we are also well aware that the temporarily low gaming taxes in Finland have helped the result,” says Christer Fahlstedt, CEO.

Paf’s result is the best result in Paf’s 57-year history and an increase of 23% compared to the previous year. However, gaming taxes in a number of countries will be increased in 2024, which will create different conditions going forward. In Finland, the temporary reduction of the lottery tax has increased from 5% to 12%, in Sweden the gambling tax will increase from 18% to 22%, in Estonia from 5% to 6% and in Latvia from 10% to 12%.

“The trend of increasing gaming taxes will continue, and we expect to see more much-needed demands for increased responsible gaming measures. The changes will result in reduced profitability and many operators will find it more difficult. But Paf is well prepared for the times ahead,” says Christer Fahlstedt.

31.4 million euros in Paf funds
The annual distribution of Paf funds will be €31.4 million. Paf funds are used for the benefit of society, including a number of third sector organisations that work to promote society in social activities, culture, youth work, sports, environmental activities and more.

“It’s undeniably great that Paf is achieving a great result, allowing us to distribute a total of €31.4 million in the form of Paf funds. The employees have done a phenomenal job over the past year, and the Board would like to thank all Paf employees who have made this possible,” says Jan-Mikael von Schantz, Chairman of the Paf Board.

Sustainable entertainment
In 2023, Paf chose to invest heavily in responsible gaming, and the loss limit for all customers was lowered to EUR 17,500 per year. In addition, in spring 2023, Paf introduced a specific loss limit for young players aged 18–19, €1,800 per year. In spring 2024, Paf chose to lower the loss limit for young people aged 20–24. Young people of that age already had a lower loss limit at Paf but it was further reduced from €10,000 to €8,000 per year.

“This is an important continuation of the direction we are striving to take at Paf for our responsible gaming. Now young customers can only gamble with us for sums that are at more sustainable levels and within the framework of the customer segment we have defined ourselves as the green segment,” says Christer Fahlstedt.

Paf’s customer segments 2017–2023
The published table shows the development of gaming in different customer segments from 2017 until 2023. The red segment for customers who have lost more than €30,000 in one year is at zero in recent years, as Paf’s loss limits stop large losses. The white segment shows the number of players who ended the year in profit.

“It is encouraging to see that we have once again increased the green revenues with more sustainable revenues by a full 7.6%. It is possible to change an outdated business model in the industry and we will continue our strive to be a gaming company that provides sustainable entertainment in everyday life,” says Christer Fahlstedt.

The figures for Paf’s customer segments have been reviewed by auditors as part of the audit of the financial statements.

“Our published and open customer segments show what our investments in responsible gaming measures have achieved over the years. The publication gives credibility to our efforts at a level that no other gaming company has been able to show,” says Christer Fahlstedt.

Daniela Forsgård new on the board
Paf gets a new board member when Daniela Forsgård takes a seat on the board. At the same time, Birgitta Eriksson is stepping down after many years on Paf’s board.

“I really want to thank Birgitta for the solid contribution she has made to Paf’s Board over the years.”

“Daniela Forsgård’s merit-based knowledge of finance, combined with the international experience she possesses, will fit in well with the Board. In addition, Daniela has personal experience of Paf as she previously worked at Paf,” says Jan-Mikael von Schantz.

The Paf Board now consists of Chairman Jan-Mikael von Schantz, Board members Gunnar Westerlund, Denise Johansson, Roger Nordlund and Daniela Forsgård.

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