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Norway Announces New Distribution of Norsk Rikstoto Profits

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The Norwegian Ministry of Food and Agriculture has established new regulations, formalising the revenue share received by the different national equestrian organisations from Norsk Rikstoto.

Under the new rules, the profits distributed to these various bodies will be formalised, with each organisation receiving a set percentage of the proceeds. This differs from the repealed regulations in which the ministry had far more discretion over where the profits were distributed.

Gambling on horse racing in Norway is supervised by the state-owned monopoly of Norsk Rikstoto, which collects all legal pari-mutuel bets on the vertical. The profits from this company are then shared among a variety of Norwegian equestrian organisations in order to support the sport.

The new regulations outline that the Norwegian Trotting Association, the national harness racing association, is to receive 82% of the profits. The ministry says that the grant will be used to support the development of Norwegian harness racing, horse breeding and keeping. This will be accomplished through grants to racetracks, prizes for those working in the industry, support for voluntary activity and investments in training facilities.

The ministry also say that Norwegian Gallop – the country’s horse racing association – will receive 9.2% of the profits from horse racing bets. This horse racing authority will be directed to use the money in a similar way to the Norwegian Trotting Association, by investing money in infrastructure and individuals involved in industry.

The final portion of the profits, amounting to 5.8%, will be distributed to the Norwegian Horse Centre, a foundation that aims to promote the quality of horse keeping and breeding. The ministry said it will provide further guidance to the organisation about how the use the funds.

The remaining 3% of the proceeds are to be awarded to equestrian bodies beyond the ones specifically listed by the ministry. In order to qualify, the organisation must be a non-profit that promotes Norwegian horse breeding, keeping and sports, as well as being in line with the state aid regulations.

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Meet BetConstruct at G2E Asia in Singapore

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Meet BetConstruct at G2E Asia in Singapore
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BetConstruct is set to turn some heads with its cutting-edge products and solutions at the upcoming G2E Asia being held May 30 – June 1, in Singapore.

G2E Asia is one of the premier events in the iGaming market for major stakeholders and players to explore the latest trends, innovations, and business opportunities in the Asian gaming sector. The event will centre around networking, knowledge sharing, and collaboration opportunities for key executives in the industry.
BetConstruct will use this medium to unveil its latest advancements in gaming technology and bring its extensive portfolio of cutting-edge products and solutions, aimed at revolutionising the gaming experience.

The main highlights of the event include the groundbreaking Fastex ecosystem with innovative ftNFT terminals and Esports-focused Sportsbook solutions. The ftNFT terminal is a state-of-the-art solution allowing visitors to buy and sell NFTs right from the spot. Additionally, with the Esports industry experiencing immense growth, BetConstruct’s sports betting solution provides operators dynamic and engaging Esports betting experience with its live streaming capabilities, real-time odds and extensive market coverage.

Visitors can also explore BetConstruct’s land-based offerings at its dedicated corner, as well as learn more about FeedConstruct products and how to implement them in their business.

BetConstruct will showcase its vast catalogue of offerings at stand B1307 in Marina Bay Sands from May 30 to June 1. All visitors are welcome to join one of the biggest iGaming events in the area and engage in the pool of possibilities.

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Relum Partners with Gamzix

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Relum, the leading supplier of innovative API solutions, has partnered with Gamzix, a slot games provider recognised for youthful energy and creativity.

Gamzix is a rapidly expanding international game developer. They swiftly won recognition in the industry by launching their game engine within just five months of inception. Since then, their high-performance team has produced more than 50 compelling games. The Gamzix portfolio shines with a vibrant collection of slot machines and crash games that captivate players with incredible graphics and immersive soundscapes.

The Relum team believes in the value of diversity in gaming offerings. The portfolio of over 14,000 games testifies to Relum’s commitment to serving the broadest range of player preferences. By integrating Gamzix’s high-quality slots, Relum continues to enrich this assortment and provide even more entertainment choices through its aggregation.

Relum’s advanced promotional and analytical tools will work in tune with Gamzix’s games. Their slots offer high payouts and large jackpots, and Relum’s engagement tools will amplify the thrill of winning for players and enhance the attractiveness of Gamzix’s offerings. Furthermore, the “mobile-first” strategy of Gamzix resonates strongly with Relum’s vision of flexible and convenient gaming. Their best efforts will ensure an unmatched gaming experience for mobile users, perfectly optimised for the small screen.

‍Emil Hakobian, CEO of Relum, said: “The dedication of Gamzix to creativity, quality, and innovation speaks to us. We look forward to offering their variety of slots through our game aggregation.”

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MGA Games Releases 777 Caliente

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MGA Games, the leading provider of localised content for the iGaming industry, expands its casino slots game offering with new titles from its international high-performance Megaways product line, under license from Big Time Gaming (BTG). MGA Games online casino partners can now play 777 Caliente, a new slot game set in the underworld, full of mystery and adventure where important prizes are hidden.

777 Caliente includes the main Megaways feature: the option to exchange the reels and the symbols in each of the spins made, increasing players’ options for winning a prize with the Free Spins and multipliers.

In addition, the game features the friendly devil and imp characters who accompany the players and add a touch of fun and humour to the game.

Technically, 777 Caliente features high-quality graphics and sound designed to imitate the underworld and offer an immersive gaming experience with music produced by Quique Tejada, reminiscent of mythical themes from the international music scene.

This new medium volatility adventure game from MGA Games with Scatter bonus spins, offers a truly, extraordinary gaming experience. When players get 3 or more Scatter symbols, they can access the Free Spins prize draw screen for a chance to win 4 to 9 Free Spins. Also, during the Free Spins screen, they can increase their prizes through random multipliers, awarded after each win.

In the main game each reel can contain up to 7 symbols, including those on an extra lower reel. Each prize explosion causes the symbols to drop and new ones to appear. 777 Caliente also features the Wild symbol that allows players to create more winning combinations by substituting any symbol on the reels except the Scatter symbol.

777 Caliente launches on May 29, simultaneously for Spain, Portugal and countries in Latin America, Asia and Africa. And soon also for the Netherlands, Italy and Colombia.

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