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Is the Economic Climate Having an Effect on the iGaming Industry?
2022 was a difficult year for many companies and industries and there are many things happening across the planet that have had an impact on the economy. We are still coming out of the pandemic, which was a massive blow to many businesses and the prices of energy and food have gone up over the past year. It is fair to say the economic climate is currently unstable but what effect is it having on the iGaming industry?
iGaming and the Pandemic
Not every industry suffered during the worst of the pandemic and the iGaming industry performed better than most, which can be seen in the results posted by 777 gaming and STS to name a few big names. The fact so many people were asked to stay at home saw more people turning to the internet for entertainment. While there were no live sports on which to bet, online casinos continued to operate, with slots and table games available to play.
For those who wanted to bet on sport, virtual sports provided a suitable alternative until real sporting action returned. Also, with land based casinos forced to close their doors, some gamblers played casino games online for the first time, further adding to the number of people participating in iGaming. So, as far as the pandemic is concerned, the iGaming industry performed above average.
The Current Economic Climate and iGaming
With the pandemic hopefully a thing of the past, the economy faced fresh challenges throughout 2022. Due to the circumstances in Eastern Europe, we have seen energy prices rise at a remarkable rate and this has led to many households being forced to prioritise where money is spent. Some of the money that would normally have been available for leisure activities, such as iGaming, is now having to be put towards playing the bills.
The price of food has also increased and that also has a drain on money that would have been used for entertainment. There is no getting away from the fact the majority of people have less money in their bank account at the end of the month now than they did one year ago and it is having an impact on many entertainment industries. People are having to find ways to save money but still enjoy their favourite activities, with iGaming being no different. Alex Windsor at gamblingpromocodes.com has seen an increase in players looking to get bonus codes to play with free money. Bonus codes work by offering additional funds with which to bet at an iGaming website. The bonus could be 100% on the first deposit, meaning you would receive double the amount of money with which to play. Some online casino bonuses offer free spins on the slots and some bonus codes can provide no deposit bonuses, meaning you do not have to spend any money to play. Thanks to the current economic climate, more people are searching for bonus codes online before joining gambling sites.
How iGaming Can Boost the Economy
iGaming can have a positive impact on the economy. If we take the United States as an example, most states that currently regulate iGaming will take tax from the revenue of the iGaming companies. The more people participating in iGaming, the more money in taxes the state will receive. Some of this money goes toward social care and it can be argued that this includes problem gambling. However, it does not stop there and the money generated from iGaming in taxes goes towards public health, sports activities, and improving the infrastructure of the state.
In addition, as iGaming continues to perform well, it leads to more opportunities for growth within the industry and that in turn means more jobs. More jobs leads to more taxes, so while the economic climate does have an effect on the iGaming industry, the iGaming industry can also have a positive impact on the economy.
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Expanse Studios (GMGI) Secures ISO/IEC 27001:2022 Certification
Expanse Studios, the iGaming division of Golden Matrix Group, Inc. (Nasdaq: GMGI), proudly announces its recent certification to the ISO/IEC 27001:2022 standard, which demonstrates globally leading data security standards.
This globally recognized certification reinforces the Group’s dedication to safeguarding confidential information, client trust, and strengthening its competitive position in the iGaming industry.
The ISO/IEC 27001:2022 standard establishes a rigorous framework for managing and protecting information security across all operations. By attaining this certification, Expanse Studios has implemented a comprehensive Information Security Management System (ISMS) that ensures the confidentiality, integrity, and availability of data. This certification goes beyond compliance and assures our clients and partners of our stringent security protocols, protecting against cyber threats and unauthorized access.
“Achieving the ISO/IEC 27001:2022 certification marks a significant milestone in Expanse Studios’ journey. This certification not only reinforces our security framework but also highlights our commitment to upholding the highest standards of trust and integrity for our clients and players worldwide.”, said Damjan Stamenkovic, CEO of Expanse Studios.
In an industry where information security is paramount, ISO/IEC 27001:2022 certification demonstrates Expanse Studios’ proactive stance on cyber risk management and adherence to international best practices. The certification process included comprehensive evaluations, audits, and stringent checks, all contributing to a secure environment that benefits our clients, players, and business partners.
ISO certification assures the clients that Expanse Studios operates with top-tier security mechanisms, solidifying the role of the GMGI entity as one of the most trusted and compliant partners in the iGaming sector.
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Almedia Hires 17 New Staff Fuelling Exponential Growth
– Powering the next generation of rewarded user acquisition –
Almedia, the data-driven platform engineering the future of mobile gaming user acquisition – today proudly announces a major hiring wave which includes over 17 people from leading global tech and gaming brands. The new hires are essential to Almedia’s ambitious strategy for achieving exponential growth across Europe and Northern America over the next 12 months.
The new team members will join an already established team, based in Berlin, with a current headcount of 80, supporting a global client base of mobile game developers and publishers. The expanded team joins established departments including product development, marketing, account management, fraud, and talent acquisition. The 17 new hires will drive Almedia’s core mission: elevating user acquisition to new heights and engineering the future of intelligent engagement.
Moritz Holländer, Chief Executive Officer and Founder at Almedia, commented: “Since 2020, we’ve been at the forefront of rewarded user acquisition, and our services and results are being embraced by the global mobile gaming industry, by companies such as Playtika, SuperPlay, Plarium, and Monopoly Go. Team Almedia is witnessing real-time exponential demand for its rewarded UA services, hence we have a robust scaleup roadmap in place to help us manage demand.”
He added: “What we’ve proudly achieved in four years is quite remarkable. With zero funding, a highly profitable organisation, we are humbled to be assembling a true dream team for the global mobile gaming industry. We are thrilled to welcome the latest waves of new hires to the team, which will help us to further establish our brand as the most credible, data-driven rewarded user acquisition company in the world.”
The new hires include
- Andrey Shilin, Lead Product Manager
- Holly Pickerell, Workplace and Culture Manager
- Sabina Halilovic, Fraud Analyst
- Alexander Rasch, Senior Finance Manager
- Alisson Paschoal Hausmann, Senior Mobile Developer
- Anthony Clement, SEO Manager
- April Chen, Senior Customer Success Manager;
- Benedikt Roth, Lead User Acquisition Google Ads Manager
- Caroline Sobkow, Talent Acquisition Partner
- Federica Stiscia, Senior Gaming Partnership Manager
- Marc Hammes, SEO Manager
- Mapa Vega, Senior Talent Acquisition Partner
- Pablo Herranz, Senior Talent Acquisition Partne
- Ravisankar Chinnam, Senior Frontend Developer
- Kutay Akalin, Data Scientist
- Aleksei Smagin, Junior Affiliate Specialist UA
- Neil Laverty, Senior Customer Success Manager
Almedia currently has a range of positions open across operations, talent, product, marketing and more. To learn more about careers at Almedia, visit the jobs section on the website.
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Huge Jackpot at King Billy Casino: C$3,658,306!
King Billy Casino, launched in 2017, has had some impressive players wins during the “reign of King Billy”. A few of them include Live Game winnings of €135,223, daily winnings from 2 or more slots of $164,000, and €250,000 won on a single spin. However, the latest win by a King Billy Casino player dwarfs every big win that has come before this. Actually, it’s bigger than all previous big wins combined for the operator!
Because, we are talking about C$3,658,306.
This amazing six-digit number was the result of a player going on a safari in her (and millions of other players) beloved Mega Moolah progressive slot from Games Global. In an autumn, the player stepped into eternal summer by wagering a small C$6,25 bet and winning 562.816 times her bet! This is the power of Mega Moolah, as evidenced at King Billy.
King Billy people had only warm words for the occasion. A representative of the casino has stated: “We are elated, for this huge big win. We can never forget that our first big win, many years back, was more than 200,000 Canadian dollars, so we have special ties with the region. And it’s now amazing to see our VIP-player making such a cashback and echoing that big win! Congratulations to our player”.
A few words about Mega Moolah. It was an Internet sensation when it was launched with its beautiful graphics and sounds, and immersive gameplay and it is a sensation today, still going strong after almost 20 years. The slot, which has spawned more than 20 variations, and has given millions in cash to players all over the world (including 5 millionaires in 2024 alone) features 4 types of jackpots that make it stand out from the competition.
About Games Global
Games Global is a supplier of the online gaming industry delivering force and direction to gaming with more than 1,300 top class games. The company has made a commitment to deliver the industry’s more disruptive ideas and compelling data-driven gaming experiences. Games Global features a total of 40+ partnered and in-house studios, services 600+ branded websites and boasts record-breaking jackpots with its worldwide network.
About King Billy Casino
Established on St Patrick’s Day in 2017, King Billy is a renowned new generation casino with more than 26 awards and accolades. The casino is available in English, German, French and Finnish, and created a unique user experience, building on the theme of King Billy and his Kingdom. King Billy ensures that all its players, “Citizens” in the casino language, receive the care and attention they deserve.
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