Latest News
Why Is iGaming Becoming More Popular By The Minute?
In this moment of economic volatility, the iGaming business is not anticipated to suffer. This had a value of $72.1 billion a year ago and is projected to reach $112.09 billion in two years.
Malta, where the majority of casinos are headquartered and regulated, is regarded as the economic hub of this business. But while so many other sectors are having trouble, why is iGaming still expanding so quickly?
The Maltese Element
For a very long time, Malta’s permissive iGaming regulations have been a major factor in the growth of the sector. Malta has adopted a more progressive stance than nations like the US, which until very recently had largely outlawed internet casino games.
The image is in charge of licensing for these sites, and many of the sites utilized by American casino players are headquartered in Malta. Two years ago, the more than 314 iGaming businesses there contributed 8% of the country’s overall GDP, resulting in economic growth and jobs.
No wonder the United States is shifting its stance on iGaming!
Greater Convenience And Accessibility
Las Vegas or Monaco’s high-end casinos are memorable, but most people can’t afford them often. Online casinos allow gamers to play whatever casino game they want whenever they want.
With a solid internet connection, gamers may now access the best UK online casino to play their favorite casino games from anywhere and at any time.
Simply register at a site and log in whenever you want. The graphics on the majority of these sites now closely resemble those of high-end casinos.
A great experience that can be accessed by anyone is a crucial factor in the growing popularity of casinos.
Superior Technology
iGaming has been present since the 1990s, but its popularity has just exploded in the recent decade. One of the primary reasons for this is the technological advancements of the time.
Through live casinos, online casinos can now get closer to what it’s like to play in a real casino. This lets gamblers play with a real-life dealer who they can see through a video link.
Virtual reality (VR) applications are only one example of how these sites are adapting to the modern technological landscape. Some online casino sites provide virtual reality poker, which allows players to play the game in a fully immersive replica of outer space!
The advancement of technology has also enabled the incorporation of themed slot games featuring videos and soundtracks from popular films into the online casino industry. Also, it has streamlined and accelerated the process of acquiring game-specific downloads.
Modifying attitudes
The social stigma attached to gambling as a recreational activity is not nearly as prevalent as it was in the past, which has been of great value to the industry. It may be argued that iGaming played a role in this shift, as many sites aimed squarely at women served to normalize gambling in the eyes of the general public.
Whether or not that’s the case, it’s helping to increase iGaming’s popularity by making those who otherwise wouldn’t gamble online feel more comfortable doing so.
Asia
Goa Introduces an Entirely Online Lottery Platform
In a move towards modernising India’s lottery sector, the state of Goa has introduced an entirely online lottery platform, sanctioned by the Directorate of Small Savings and Lotteries. This initiative, known as Great Goa Games, aims to bring transparency and convenience to an industry that has long grappled with allegations of mismanagement and fraud.
Ticket sales commenced Monday, with the inaugural draw set for Sunday. Rhiti Group, led by founder Arun Pandey, was granted the license to operate and market the platform. “Our mission is to democratize opportunities through technology,” Pandey stated, emphasizing the secure and user-friendly nature of the app-based system.
Goa government official Narayan Gad lauded the move as a step forward for the Indian lottery sector. “With our online lottery streamlining processes through technology, we are setting a new standard in the lottery industry,” Gad remarked. “The technology-based product will enhance transparency and ensure improved monitoring and regulation of operations.”
This development follows new rules governing online lotteries, introduced by the Goa directorate in February 2023. Currently, 13 states in India, including Goa, allow lottery games, though others have banned them due to concerns over gambling addiction and operational irregularities.
Latest News
Catena Media Announces Board Changes
Catena Media’s board of directors announced the appointment of Stephen Taylor-Matthews as non-executive director and the departure of Øystein Engebretsen from the board of directors.
Based in London, Stephen Taylor-Matthews is a tech entrepreneur, executive advisor and investor with over two decades of experience in online gaming, sports betting and data analytics.
He is the founder of Polynate, an AI-first company delivering next-generation sports engagement solutions, and has worked at Underdog Fantasy, GoatGaming and Betgenius in previous roles.
Stephen Taylor-Matthews commented: “Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight.”
The appointment coincides with the departure from the board of Øystein Engebretsen, who has served as non-executive director since September 2018.
Erik Flinck, Chairman of the Board of Directors, said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”
Stephen Taylor-Matthews’ appointment will become effective once all necessary filings are made with the Malta Business Registry, and his term will run up until the end of the next annual general meeting, in accordance with the Maltese Companies Act and Catena Media’s articles of association.
Latest News
Endorphina Partners with R. Franco Digital to Expand Reach
The leading online slot games provider, Endorphina, has announced a brand-new partnership with R. Franco Digital, a renowned manufacturer of AWP machines. This collaboration allows Endorphina to expand its reach in the Spanish and Latin American markets.
Endorphina is one of the top iGaming software providers for the B2B market, developing online slots that cater to a wide range of slot enthusiasts. Over the years, the provider has established itself as one of the most innovative slot suppliers in the industry, dedicated to expanding its products to players worldwide.
Zdenek Llosa, Senior Partnership Manager at Endorphina, said: “We are genuinely excited to join forces with R. Franco Digital, a trusted name with a rich legacy in the Spanish and Latin American gaming world. Partnering with a platform that shares our passion for quality and player satisfaction is truly inspiring. Together with the R. Franco team, we look forward to creating memorable, fun experiences that bring joy and excitement to our shared communities across Spain and LATAM. This collaboration feels like the beginning of something truly special.”
Franco Digital, a subsidiary of the Recreativos Franco Group, has been known for providing its customers with the best turnkey solutions for over 50 years. As a pioneering manufacturer of AWP machines, R. Franco Digital is founded on an innovative company culture that uses the best methodologies and technologies available, working with talented and disruptive people to deliver the best solutions.
“At R. Franco Digital, we are always striving to enhance our platform with innovative, top-quality content that resonates with our audiences, particularly in Spain and Latin America. Partnering with Endorphina allows us to bring a fresh, engaging catalog of games to our players, combining our platform’s power with Endorphina’s creativity and expertise. This collaboration underscores our commitment to delivering premium gaming experiences tailored for Spanish-speaking markets,” said Javier Sacristán, International Business Director of R. Franco Digital.
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