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Future trends in online bingo industry

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The world of bingo has grown in recent decades. A few years ago, one could not imagine that such a classic game could be enjoyed on a computer screen or mobile phone—the number of providers willing to invest in this game increases annually. Even bingo sites not on GamStop welcome thousands of new players every day, and the frenzy is not expected to stop any time soon for a game that is nowadays considered part of online gambling.

Past and present of bingo

If we are to fully understand the road bingo is taking in the digital world, we have to go back to the past and see how bingo has become a staple in the world of gaming. The history of bingo dates back to the 16th century in Italy when the game In Gioconda del Lotto initially emerged. Later arriving and popularised by the nobility of neighbouring France, it wouldn’t take long to spread to the rest of Europe in the 18th century.

Our current idea of bingo started in the 1920s in carnivals and fairs, and it only expanded after the 1960 Betting and Gaming act and the launch of Mecca Bingo. Bingo managed to adapt and thrive in the new digital market as the first bingo online game, Bingo Zone, launched in 1996. The game is undoubtedly one of the largest revenue generators in the UK due to the Gross Gambling Yield, generating 1 billion pounds between 2018-2019 alone, and the revenue figures keep rising. Online software development has benefited gaming sites, and bingo is no exception.

Digitalisation and innovations in bingo gaming

Bingo’s online presence has only further popularised the game, allowing experienced players to enjoy playing wherever they please while introducing new players to the game. Through their favourite gaming sites online, UK bingo players are currently spoiled for choice in 2022 with a great selection of websites where anyone may enjoy a good round.

Remote gaming has risen exponentially from 2008 to the current decade. Even if the Covid-19 outbreak has dropped land-based betting, it doesn’t show signs of stopping or of any drastic decline. Online gaming, bingo included, is here to stay. It is easy to see how further innovations and technological advancements improve the betting online gaming experience, amongst which bingo online is included for veterans and newcomers alike.

As technology advances, users will demand better quality gaming services and experiences. Software companies are partnering up with online bingo services for an enhanced and more personalised gaming experience, providing new themes and enticing offers to attract new players and retain existing ones. Players will start demanding better themes, animations, music, environments, and avatars to personalise their gaming experiences.

Some technologies, such as VR (Virtual Reality) and digital currency, are exciting news for bingo enthusiasts as these will enhance the bingo experience to uncharted territories.

VR is a technology that, through a headset, allows its users to enter and interact within a simulated environment alongside other players. This offers online bingo players the possibility of being transported into special online bingo halls catered to their tastes, giving players the feeling of actually playing bingo in their idealized place in the comfort of their living hall.

Cryptocurrency, mobile bingo and security measures

Even cryptocurrency is starting to be implemented into bingo gaming as certain casinos allow players to use digital currency to play. It is not difficult to imagine that this trend will continue to expand. It is only a matter of time for this to happen as digital currency becomes increasingly mainstream and more secure than traditional currency.

When considering technological advancements regarding bingo gaming, one may not ignore mobile technology that allows players to enjoy bingo games while on the move and wherever they may be, making gaming accessible to anyone interested. Many bingo sites are starting to update their online services to incorporate mobile compatibility to their games, thus offering bingo players a service that is accessible, entertaining and secure.

Casino security is another important gaming aspect that cannot be overlooked. As online gaming becomes increasingly popular, cyber-attacks designed to interrupt the gaming experience, steal money, or even hold a gaming site to ransom become more commonplace. Casinos are well-aware of this matter and are ensuring their security is constantly updated with proper software, well-trained staff, and strong firewall administration. As online gaming becomes more prevalent, online security services must update and evolve accordingly to ensure players are protected as they enjoy their favourite game.

eSports

LEON.BET partners with 9INE to become esport club’s exclusive online betting house

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LEON.BET partners with 9INE to become esport club’s exclusive online betting house
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LEON.BET has announced a collaboration with 9INE, one of Europe’s top esports organisations known for its focus on Counter-Strike 2 (CS2), that will see it become the exclusive betting partner to the team.

The partnership will take esports betting to a new level, offering fans exclusive content and exciting new ways to engage with their favourite games.

As a leading online betting platform, LEON.BET offers a wide range of betting options across sports, casino and esports. The operator’s user-friendly interface, competitive odds, and commitment to fair play have made it a trusted name worldwide. LEON.BET is also dedicated to supporting young talents, believing it is key to a bright and promising future.

Through the partnership, LEON.BET aims to combine its innovative betting platform with 9INE’s expertise in competitive gaming, creating a more immersive experience for esports fans, providing new and exciting betting opportunities along with exclusive behind-the-scenes content.

LEON.BET’s CGO said: “We are extremely happy to start our cooperation with 9INE. Recent changes to their roster show huge potential, and we at LEON.BET want to be part of that journey.

“Together with 9INE, we will create a fantastic space for esports enthusiasts. Supporting young talents is at the core of LEON.BET’s development strategy, and we see a great future and prospects in this path.”

 

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Asia

Promoters stake sale of Nazara Technologies Limited to existing investor, Plutus Wealth Management LLP

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Mitter Infotech LLP, a promoter of Nazara Technologies Limited (“the Company”), has sold 48,84,000 equity shares, representing 6.38% of the issued share capital to Plutus Wealth Management LLP through an on-market transaction in the block deal window of the stock exchange (“Block Trade”) on May 27, 2024.

The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth. The promoters will retain control of the Company, with Nitish Mittersain continuing in his current role as CEO & Jt. Managing Director. The promoters remain confident that the Company is strategically and financially well positioned to capitalize on the numerous opportunities ahead.

Plutus Wealth Management LLP, an investor in Nazara since 2020 (pre-IPO), has demonstrated strong confidence in the Company’s prospects by increasing its shareholding via this Block Trade.

“Plutus Wealth Management LLP has been a long term investor in Nazara since the pre-ipo days and has actively participated in subsequent fund raises as well”, said Vikash Mittersain, Promoter, Nazara Technologies Limited. “This transaction represents a resounding vote of confidence by Plutus in Nazara’s long-term growth prospects, its promoters and management”, he added.

Mr. Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, said, “We are extremely delighted to announce that we have increased our stake in Nazara Technologies Limited, India’s leading diversified gaming and sports media platform. This decision underscores our strong conviction in the phenomenal growth opportunity that the sector offers and our confidence in Nazara’s diversified product portfolio, talented team, and unique competitive position. With its expanded presence in various international markets and global partnerships, Nazara is a notable example of an Indian games company that has been successful in going global. In continuation to our philosophy, we look forward to actively supporting the management team as they execute on their growth strategy and aggressively accelerate progress towards achieving their long-term objectives”.

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eSports

The Esports Awards Win Gold at 45th Telly Awards

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The Esports Awards and Thunder Studios announced that the Esports Awards 2023 has been awarded Best Online Series, Shows and Segments in People’s Telly in the record-breaking 45th Telly Awards.

The Telly Awards recognize excellence in video and television across all screens and are judged by leaders from video platforms, television, streaming networks and production companies, including Adobe, Calvin Klein, ESPN, LinkedIn, Mother Jones, NASA, the LA Clippers (NBA), PlayStation Studios, Sawhorse Productions and TelevisaUnivision.

Founded in 2015, the Esports Awards is the most prestigious night in the esports calendar and the only global award show that aims to recognize esports excellence. The 2023 edition, held at Resorts World in Las Vegas, was a spectacular celebration of the industry’s best, spanning thirty award categories across Entertainment, Industry, Creative, Pro, On-Air Talent and Collegiate sectors, viewed by millions globally.

In a remarkable achievement, the Esports Awards, in partnership with Xfinity, set a GUINNESS WORLD RECORDS title for the largest digital video game display during the event. WWE superstars Becky Lynch and Bianca Belair, pro-Fortnite player Kyle ‘Bugha’ Giersdorf and esports personality Alex “Goldenboy” Mendez played on a screen made up of 3552 LED panels, covering 100,000 square feet. This feat was made possible through the support of Thunder Studios and Infinite Reality Studios.

Other notable winners at the Telly Awards include PlayStation Studios, National Geographic, and MTV Entertainment Studios.

Michael Ashford, CEO of the Esports Awards, said: “The whole team is truly honored and humbled to be recognized at the Telly Awards among nominees of such caliber. We couldn’t be prouder and more excited as we set our sights on achieving even greater things in 2024. To the entire esports community and our partners, we say thank you.”

Sean Cross, President of iR Entertainment, added: “These awards prove what we have known for years, Thunder Studios is a partner that transcends the ordinary, a hidden gem where innovation and quality set the standard for excellence in modern and advanced media production. We are not just meeting but exceeding the high standards of the media production industry.”

The 45th Telly Awards saw a record-breaking number of nearly 13,000 entries from top video and television content producers worldwide. Winners were selected by the Telly Awards Judging Council, an industry body of over 200 leading experts from advertising agencies, production companies and major television networks.

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