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NuxGame: Fully-Fledged Risk Management Tools

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Sports betting platforms cannot afford any downtime as this may dramatically impact business. To ensure that, Nuxgame offers tools for around-the-clock risk control for uninterrupted gambling services. Based on the risk-threshold limits the system accepts a betting ticket, denies it, or sets a threshold limit value.

Full Risk Control in the Interests of the Customer

Risk management entails identifying, analyzing, and responding to vulnerabilities to future-proof a business. For any business, whether online or traditional, to stand the test of time, proactive measures must be in place to control future outcomes. A good risk management structure sets successful businesses apart from mediocrities or failed ones. Such a system weighs the risks and manages their impacts. The effect of similar risks may be different from one organization to another. Gauging the tolerance level of a business is an essential part of creating an effective risk management system. With proactive risk management, decisions are made based on whether a risk can be avoided, mitigated or accepted if contingencies are developed.

What does risk management include?

Not to be confused with threats. Risk comes in different forms, depending on the company and industry it operates. It explains why industries have different standards for various aspects of operations. The goal of risk management and the business objectives should align. To grow, every business is subjected to uncertainties. Market and geographical expansion top the list of contexts for defining the risk management framework of a company. Also inherent in the context are the company’s products and services and how it introduces them to the market. Strategic linking of the business objectives and risks should include processes, policies, and legal entities. So a company’s risk framework plays a crucial role in combating unforeseen events while also serving as a cornerstone for its future expansion, superior market advantage, and financial growth.

Risk Management Solution Provided by Nuxgame

Part of a sportsbook solution should be monitoring and preventing suspicious activities and behaviors of players. Nuxgame is an online gambling solution that makes it possible to integrate an authorization process for every ticket. Solutions provided by Nuxgame allow setting a specified threshold limit that checks the odds and other parameters before approval.

How Risk Management Helps Betting Business

Creating a holistic risk management system is always business-specific. Any approach for a betting platform considers the type of betting services offered and the region it operates. A viable model, with some tweaking, integrates other betting verticals and adapts to new target markets.

There are different approaches employed in the betting industry to reduce or eliminate the common risks. For instance, the betting market is volatile and requires the operator to have some control. A loss limit is a model that limits operator loss to a predetermined limit. It offsets an excess imbalance in the betting pattern by putting the market on hold when the defined risk is exceeded. Such a balance is crucial for betting operators in maintaining financial security and maximizing profit.

Latest News

Relax unveils explosive gameplay in latest release Firewins Factory

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Relax unveils explosive gameplay in latest release Firewins Factory
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Relax Gaming, the iGaming aggregator and supplier of unique content, has launched Firewins Factory, its latest high-octane slot featuring fun, frenzy, and fireworks aplenty.

Players can win a maximum of 20,000x their stake by way of six different wild symbols. Explosive Wilds, Cross Wilds, Diagonal Cross Wilds, Horizontal Wilds, Vertical Wilds, and Random Spread Wilds can all land, adding to the game’s explosive nature.

In addition to the array of Wilds is a win multiplier which increases by 1x whenever an Explosive Wild forms part of a winning combination. Also present in the game is a Free Spins feature. Should players land at least three Scatter symbols, eight free spins are triggered. Each additional Scatter that lands will award an additional free spin.

Any of the worker characters in the game can activate the game’s Second Chance feature whenever there are unused wilds, and no more wins are possible. An explosion will see all adjacent wild symbols removed, creating room for new symbols to drop in.

Firewins Factory also offers two bonus buy features. One is the random feature for 65x, which awards 8-15 Free Spins, while the other is the super feature, costing 130x and awarding a guaranteed 15 Free Spins.

Shelley Hannah, CPO at Relax Gaming, said: Our portfolio is renowned for creating content that allows players to enjoy the most captivating experiences and Firewins Factory has all the ingredients to become another hit. With a multitude of features, engaging graphics and enjoyable gameplay, there will certainly be fireworks in-store for players who go in search of big wins.”

Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 won Slot of the Year at the 2023 CasinoBeats Game Developer Awards while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.

Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.

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Gaming

CyberKart Unveils the Future of Multiplayer Crypto Gaming: A Thrilling Fusion of Racing, Strategy and Blockchain Technology

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CyberKart, the highly anticipated multiplayer crypto racing game, has officially launched, offering gamers an adrenaline-fueled journey into a futuristic world where speed, strategy and style collide. With its cutting-edge technology, innovative gameplay mechanics and integration of blockchain elements, CyberKart promises to redefine the gaming landscape.

CyberKart is the game where the excitement of kart racing meets the allure of crypto technology. The game introduces players to a visually stunning cyberpunk universe, complete with neon-lit tracks, futuristic karts and vibrant cityscapes. Each race is an immersive experience, enhanced by high-quality graphics and meticulously designed assets, creating an unparalleled gaming adventure.

At the heart of CyberKart lies its innovative NFT marketplace, where players can trade and own exclusive in-game assets, adding a new dimension of rarity and collectibility to the gaming experience. With a diverse range of karts, customisable upgrades and tactical power-ups, players can craft their own unique racing strategy and style.

“We’re thrilled to unveil CyberKart to the world. Our team has worked tirelessly to create a game that pushes the boundaries of innovation and entertainment. With its blend of stunning visuals, engaging gameplay, and blockchain integration, CyberKart offers a truly immersive gaming experience unlike any other,” said a spokesperson for CyberKart.

In CyberKart, players will encounter a variety of power-ups strategically placed throughout the tracks, including Shield Protection, Rocket Launchers, Bombs, Turbo and Bullets. Each power-up offers unique advantages, allowing players to outmaneuver their opponents and secure victory.

The game’s tokenomics further enhance the player experience, with the $KARTS token offering various utilities within the game ecosystem. With a total supply of 100,000,000 tokens, allocated for liquidity provision, marketing purposes, seed and private sales, initial DEX offering, team allocation, reserves and in-game rewards, CyberKart ensures a fair and sustainable economy for all players.

As players dive into the world of CyberKart, they’ll discover a dynamic and evolving universe filled with endless possibilities. Whether competing against friends in multiplayer races or exploring the depths of the NFT marketplace, CyberKart offers something for every type of gamer.

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Compliance Updates

3 Oaks Gaming obtains Portugal certification

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3 Oaks Gaming obtains Portugal certification
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Established iGaming distributor enters key European market

3 Oaks Gaming, an established distributor of iGaming content, has certified 40 games in its portfolio against the technical requirements for the online gambling system, regulations and rules of Portugal’s gambling regulator (Serviço de Regulação e Inspeção de Jogos Turismo de Portugal).

This new certification will ensure Portuguese-licensed operators now have access to the company’s ever-expanding slots library, including top-performing titles such as Gold Nuggets, Aztec Fire 2 and Sun of Egypt 4.

Online casino brands will also benefit from the distributor’s wide collection of promotional tools that further elevate the user experience and drive increased engagement. This includes the Flip2Win feature, an in-game bonus engine designed to reward players with guaranteed prizes throughout each gaming session via a unique guaranteed win mechanic.

Entering’s Portugal iGaming market is set to broaden the distributor’s reach in Europe and further solidify its position as a key provider of engaging content across the continent. As seen in other key iGaming regulated markets such as Italy, the company is anticipating strong demand for its popular range of Hold and Win titles.

Sebastian Damian, Managing Director of 3 Oaks Gaming, said: “Being approved by the Portuguese regulator is another significant milestone for 3 Oaks and reflects our continued growth trajectory.

“Strong demand for our games and promo tools means we can enter new markets such as Portugal with confidence. We know there remains a strong appetite from players for the slots we produce across Europe, including those with the iconic Hold and Win experience that continues to evolve, so we’re looking forward to working closely with Portuguese-facing operators in the near future.”

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