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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.

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1xBet Sponsors Esports Organisation Tundra Esports

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1xBet has become a sponsor of the world-famous esports organisation Tundra Esports.

According to the terms of the three-year contract, the 1xBet logo will appear on Dota 2 roster jerseys and the organisation’s online portals. In addition, the agreement also includes several activities also been planned for Tundra’s digital platforms and the official 1xBet website. This will help the bookmaker attract a new audience to enjoy the brand’s wide range of services.

Alex Summers, a spokesperson for 1xBet, said: “Esports is one of the most important areas of the company’s operations. As a rule, the disciplines in it are very dynamic, so fans get a lot of excitement and thrills while watching.

“Esports are already very popular, and the number of fans has grown tremendously. But, most importantly, it has great potential for further development, so it is vital to support both individual organisations and esports as a whole.

“This is a task that 1xBet is accomplishing. Our brand is with esports – seriously and for a long time. The start of cooperation with Tundra Esports is further proof of a reliable bookmaker’s desire to be at the forefront of the development of esports.”

Tomi Tikkala, Head of Business Development at Tundra Esports, said: “I’m sure the theme of our partnership with 1xBet will be new achievements, bright emotions and big wins. The motto of our organisation is #TundraTribe. We hope that very soon even more esports fans will know these words. There’s a big adventure ahead of us together – stay tuned.”

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Oddin.gg poised to significantly scale and add new product verticals after recent $4.5m Series A fundraising

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Oddin.gg poised to significantly scale and add new product verticals after recent $4.5m Series A fundraising
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Oddin.gg, the world-leading B2B esports odds feed, risk management and iFrame provider, is extremely proud to announce a Series A financing round, during which the company raised $4.5m from current investors, as well as from Velo Partners and Genting Ventures.

The round comes after ongoing business momentum, during which the company has not lost a single client in the last 3 years while signing landmark B2C deals with Betway, Yolo group (sportsbet.io and bitcasino.io brands) and Loot.bet, among others, plus major B2B deals, including OpenBet, Aspire Global and Altenar, to name a few. Oddin.gg operates on all continents, and recently started offering its services in New Jersey, US. They have current applications for licences in other US states as well as Ontario, Canada. With an almost 9-digit monthly USD handle under management, the company delivered a 6.7% average margin to its clients in 1H 2022. As one of the very few in the esports ecosystem, the company broke even in July 2022.

The funds will be used to strengthen Oddin.gg’s position as a global esports B2B betting leader and to expand to new verticals. Oddin.gg offers a 360° approach towards esports betting, providing betting operators everything they need to set up successful business operations. This includes data visualisations, marketing, odds feed, risk management, and iFrame.

The Series A round comes after a successful seed round in early 2020, in which Oddin.gg raised $1.2m.

Oddin.gg Co-Founder and CEO Vlastimil Venclik said: “On behalf of the entire Oddin.gg team and myself, I am proud of everyone involved. First of all, we want to thank our clients and partners who share our vision and who have made our growth possible. At the same time, we feel fortunate to work with our investors and to see this investment helping us to scale. This round will help us to continue enjoying our exponential growth and development of new services that will cement our position as a leader in the industry. I want to thank all our partners for their trust, and we will work tirelessly on our vision to justify it!”

Genting Ventures said: “We are impressed by Oddin.gg’s technology with class-leading metrics for esports betting. From an industry standpoint, we see the dynamic potential of esports, and identify Oddin.gg as a key player offering top-tier data and service for its partners in the competitive gaming space.”

Velo Partners said: “We were immediately impressed with Oddin’s best-in-market esports odds products, as well as their broader strategy of building an esports ecosystem to service all of their customers’ esports needs. We look forward to being a part of this compelling growth story in the coming years”

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Quadrant reveals new controller with SCUF Gaming

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Gaming, lifestyle, and esports organisation Quadrant reveals controller range with premier performance gaming controller manufacturer SCUF Gaming.

Quadrant, a gaming, lifestyle, content and apparel brand founded by Lando Norris, has today (16 August) announced a new controller range.

Produced with partner SCUF Gaming, a leader in the design and manufacturing of high-performance gaming controllers, the Quadrant range will be available for all platforms with unique Quadrant colours and design available on scuf.co/Quadrant with an additional –5% discount on all orders with coupon code “Quadrant”.

This latest project pushes the partnership to the next level, as Quadrant continues to enjoy unprecedented success in the gaming and esports worlds.

Since embarking on a journey into competitive Esports in late 2021, Quadrant has become one of Europe’s leading Halo rosters. Quadrant’s Halo Team secured its best result to date last month, finishing second after a close-fought final in the Halo Championship Series event in Valencia.

Up next for Quadrant’s Halo Team is the Orlando Major in September, culminating with the all-important Halo World Championship 2022 event (20-23 October) as the team looks to build on its exceptional form to secure a first-place finish before the season end.

As Official Controller Partner, SCUF Gaming will continue to play a crucial role in Quadrant’s success. A global innovator in its own right, SCUF Gaming create industry-leading custom gaming controllers and premium accessories for console and PC that are used by both professional Esports competitors and casual gamers.

Following the release of the eye-catching Quadrant controller range, the two organisations are already working on exciting future content for both Quadrant and SCUF Gaming audiences, with new releases set for the coming months as the partnership continues to develop.

Jamie MacLauren, Chief Sporting Officer at Quadrant, said: “We’re extremely proud to announce the launch of our Quadrant x SCUF Gaming controller.

“This project has been in the works for a while, and we’re delighted to see it come to life and provide our community with a high-quality and high-performance Quadrant controller for their gaming sessions.”

Diego Nunez, VP of Marketing Corsair Gaming, said: “We’re excited to take this exciting partnership to the next level by combining Quadrant’s distinctive fluro brand with our high performance controllers!

“As Quadrant grows as one of the most versatile and exciting Esports brands in the world and our PS5 Reflex and Xbox Instinct cement their place as the top performance controllers, we’re delighted to launch this new design combining racing, lifestyle and gaming.

“The time has come for Quadrant’s Halo team and content creators to get their hands on a unique controller, while ensuring that fans can get their hands on it as well and not only join the #sQUAD, but #TeamSCUF too!”

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