Gaming

The Integral Role of Regulatory Bodies in Today’s Online Casinos

Published

4 months ago

August 3, 2023

Reading Time: 3 minutes

In the past decade, the landscape of the online gambling world has undergone a significant transformation. Thanks to technological advancements and an ever-growing market, online casinos have seen an unprecedented surge in popularity. Now, millions of individuals across the globe partake in casino games from their home’s comfort.

However, with growing popularity and high stakes comes the increased need for stringent regulations to ensure safety and fairness for all parties involved. Casino games like Zeus Vs Hades Gods Of War have to be safe and secure for the players. This is where the essential role of regulatory bodies comes into play.

This article aims to shed light on the crucial role that regulatory bodies play in online casinos, their efforts to safeguard players, and their commitment to ensuring a safe, fair, and enjoyable gaming environment. Read on to learn what to look for when choosing a reliable gambling platform.

Ensuring Fair Play: The Core Objective of Regulatory Bodies

The primary goal of regulatory bodies in the online gambling industry is to ensure that casino operators offer fair and secure gaming services. These regulatory authorities enforce a set of rigid guidelines and strict regulations that all online casinos must adhere to.

These rules encompass a broad spectrum of aspects, from safeguarding players’ personal information to ensuring that games are conducted fairly and that payouts are managed honestly. Regulatory bodies work tirelessly to create an environment where players can enjoy their gaming experience without worrying about their data security or game fairness.

Fighting Against Gambling Addiction and Underage Gambling

Beyond ensuring fair play, regulatory bodies also play a pivotal role in preventing gambling addiction and underage gambling. They mandate online casinos to have robust policies in place to combat these issues effectively. The authorities may require platforms to check the identity of their players to make sure they are of age.

Regulatory bodies oversee customer service procedures and insist that players have access to responsible gambling tools. These tools can range from deposit limits and self-exclusion options to time-out options, all designed to help players maintain control over their gambling habits.

Financial Oversight: A Critical Role of Regulatory Bodies

Recognized regulatory bodies such as the United Kingdom Gambling Commission (UKGC) and Malta Gaming Authority (MGA) also perform regular audits and monitor the financial transactions of online casinos. This financial oversight ensures that all transactions are legitimate and that online casinos possess the necessary funds to payout winnings to players.

These organizations also make sure that the licensed platform has measures in place to combat money-laundering practices and other illegal behaviors. Thus, licensed and regulated platforms will implement certain customer verification steps and monitor the transactions.

Keeping Pace with Technological Advancements

As technology continues to evolve, so do the guidelines and regulations set by these regulatory bodies. They provide regular updates and improvements to their regulations to keep pace with changing technology. These updates ensure that online casinos are always in sync with the latest technology, thereby providing a secure playing environment for their players.

Serving as a Mediator Between Players and Online Casinos

Another notable advantage of regulatory bodies is their role as a mediator between players and online casinos. Players who encounter problems with online casinos can reach out to these regulatory bodies. They will investigate the issue at hand and work diligently towards resolving it, thus ensuring that players’ rights are upheld.

Conclusion

To sum up, the role of regulatory bodies in online casinos is not just significant but indispensable. They lay down a comprehensive set of rules and regulations that online casinos must follow, thereby ensuring that players are safe and protected from the potential pitfalls of gambling addiction and underage gambling.

Moreover, these regulatory bodies continuously monitor and audit online casinos, ensuring the legitimacy of financial transactions, and thus delivering a transparent and trustworthy gaming experience to players. Therefore, it is of utmost importance that players choose to play at an online casino licensed by a reputable regulatory body to ensure a safe and fair gaming experience.

Remember, when it comes to online gambling, safety should always be your priority. Always make sure to check the licensing and regulatory information of the online casino before placing your bets. Happy gaming!

Up Next

Gaming Corps brings chances to score instant payouts with Plinkgoal

Don't Miss

Stakelogic strikes gold with Golden Palace Casino Sports

Click to comment

Gaming

Global Video Games Market Report, 2022 and 2023-2030: With “Speed Being the King” in Gaming, Growing Fiber to Home (FTTH) Connections Bolster Growth

Published

2 days ago

December 1, 2023

Hunor Pal

Reading Time: 4 minutes

The “Video Games – Global Strategic Business Report” report has been added to ResearchAndMarkets .com’s offering.

Global Video Games Market to Reach $254.6 Billion by 2030

The global market for Video Games estimated at US$184 Billion in the year 2022, is projected to reach a revised size of US$254.6 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.

Mobile Games, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$123.8 Billion by the end of the analysis period. Growth in the Console Games segment is estimated at 4.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $42.8 Billion, While China is Forecast to Grow at 4.7% CAGR

The Video Games market in the U.S. is estimated at US$42.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$71.4 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Select Competitors (Total 521 Featured)

Activision Blizzard, Inc.
Blizzard Entertainment, Inc.
King Digital Entertainment plc
Apple Inc
Atari SA
BANDAI NAMCO Holdings Inc.
Bluestack Systems, Inc
Capcom Co., Ltd.
Electronic Arts, Inc.
EA Sports
PopCap Games, Inc.
Facebook, Inc
Google LLC
iWin, Inc.
Konami Group Corporation
Konami Digital Entertainment Co. Ltd.
Konami Gaming Inc.
Nintendo Co. Ltd.
Riot Games, Inc
Roblox Corporation
Rovio Entertainment Corporation
Sega Holdings Co., Ltd.
Sony Interactive Entertainment Inc.
Supercell Oy
Square Enix Holdings Co. Ltd.
Square Enix Limited
Take 2 Interactive Software, Inc.
Tencent Holdings Ltd
Tetris Holding, LLC
The Walt Disney Company
Twitch
Ubisoft Entertainment SA
Unity Technologies
Valve Corporation
Xbox Game Studios

Key Attributes:

Report Attribute	Details
No. of Pages	1025
Forecast Period	2022 – 2030
Estimated Market Value (USD) in 2022	$184 Billion
Forecasted Market Value (USD) by 2030	$254.6 Billion
Compound Annual Growth Rate	4.1%
Regions Covered	Global

MARKET OVERVIEW

Current State of the Video Games Industry: A Review
Gaming as a Form of Entertainment is Here to Stay: Global Number of Active Gamers (In Billion) Years 2020, 2022, 2024 and 2026
Competition
Video Games – Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Video Games: Introduction/Overview & Types
Recent Market Activity
Innovations

MARKET TRENDS & DRIVERS

With “Speed Being the King” in Gaming, Growing Fiber to Home (FTTH) Connections Bodes Well for the Higher Consumer Engagement With Video Games
Since Gaming Experiences Are Only as Good as the Network, Growing Number of Homes With High Speed Fiber Optic Internet Means More Households Will be Hooked Onto More Graphically Demanding Video Games: Global Market for Fiber-to-the-Home (FTTH) (In US$ Million) for Years 2021, 2023, 2025 and 2027
Ubiquity of Smartphones Drives the Popularity of Mobile Gaming, Particularly on the Android OS. Here’s Why
Healthy Demand for Smartphones Creates a Parallel Opportunity for Mobile Gaming: Global Shipments of Smartphones (in Million Units) for 2020 through 2025
Preference for Immersive Gaming Drives Demand for Visualization & 3D Rendering Software
Here’s Why Console Gaming Still Remains Popular
“The More the Merrier”. Social Gaming Storms Into the Spotlight as a Major Trend in 2023
Social Presence Will Continue to Play a Central Role in the Adoption of Social Gaming: Global Number of Social Media Users (In Billion) for the Years 2022, 2024, 2026, 2028
In the Era of On-Demand Gaming as a Service (GaaS), Cloud Gaming Storms Into the Spotlight
Convergence of Gaming and Gambling, a Key Trend in the Market
As Gambling Addiction Takes on a Deeper Hue, Gamification of Physical Gambling Brings Opportunities for the Video Games Market: Global Number of Gamblers (In Million) for the Years 2018, 2020, 2022 and 2024
Make Way! Here Comes Metaverse Gaming
Gaming to the Remain the Largest Application Area for Metaverse: Global Metaverse Market Share Breakdown (In %) by Application for Years 2020 and 2027
Roblox, an Online Gaming Company that Offers Metaverse like Experiences, Witnesses Steady Rise in the Number of Users: Roblox Active Daily Users (In Million) by Quarter for Years 2019, 2020, 2021 and 2022
Roblox, an Online Gaming Company that Offers Metaverse like Experiences, Witnesses Steady Rise in the Number of Users: Roblox Active Daily Users (In Million) by Quarter for Years 2019, 2020, 2021 and 2022
Changing Demographics of Modern Gamers Sets Stage for Increased Consumption of Video Games
Percentage Breakdown of Global Number of Gamers by Age Group for the Year 2022
Percentage Breakdown of Global Number of Gamers by Gender for the Year 2022
Gamification in Education on the Rise as Perceived Educative Value of Video Games Increases
AR/VR Games Get a Boost from the Expanding App Ecosystem & Android OS Support for AR Technology
Artificial Intelligence (AI) Innovations Transform Video Games
With the Ability to Self-Learn, Evolve, Interpret & Respond to Player’s Actions, AI is Poised to Take Realism in Games to the Next Level: Global Spending on AI in the Advertising & Media Industry (In US$ Million) for Years 2021, 2023, 2025 and 2027
Blockchain Emerges to Change the Gaming Landscape
From Securing In-Game Transactions to Enhancing the Gaming Experience, Blockchain is Here to Revolutionize the Gaming Industry: Global Spending on Blockchain in the Media & Entertainment Industry (In US$ Million) for Years 2021, 2023, 2025 and 2027
Here’s How 5G Will Transform Gaming
The Future of 5G is Unquestioned & So is Its Potential for Changing the Rules of the Game in Today’s Experience Economy: 5G Contribution to GDP in Select Countries by 2030 (In US$ Billion)
Developments at Hardware & Content Level Boosts Opportunities for Video Games
Holographic Games Hit the Spotlight
What are Challenges in Store for the Market in the Coming Years?

Gaming

Kambi Group plc’s Executive Management increases shareholding by exercise of share options

Published

2 days ago

December 1, 2023

Hunor Pal

Reading Time: < 1 minute

Kambi Group plc reports that Kristian Nylén, CEO, David Kenyon, CFO, Erik Lögdberg, COO and Cecilia Wachtmeister, CCO, have used the most recent exercise window to exercise share options and increase their shareholding in Kambi. To cover the exercise price and income tax due on the exercise, each have sold a sufficient number of shares, while all other shares from the share option exercise have been retained.

In this recent exercise window, which ended on 29 November 2023, a total of 246,984 options were exercised under the rules of existing share options programmes.

As shares previously repurchased by Kambi Group plc were used to satisfy these option programmes, the total number of shares in Kambi Group plc remains 31,278,297 shares, with a par value of EUR 0.003 per share.

Gaming

Outstanding talent’ underpins iGB Affiliate Award shortlist

Published

2 days ago

December 1, 2023

Hunor Pal

Reading Time: 3 minutes

A roll-call of outstanding talent’ is how Naomi Barton, Portfolio Director responsible for iGB Affiliate, described the shortlist of entries for the 2024 Awards which are being held on Thursday 8 February at the Grade II-listed Art Deco Troxy music venue in East London.

The black-tie Awards ceremony which features a three-course sit down dinner and an entertainment-packed evening are the last to be held in London prior to iGB Affiliate’s relocation to Barcelona, with organisers reporting huge early demand for table bookings as the international igaming affiliate community prepares to say goodbye to London in style.

Looking ahead to the prestigious evening Naomi Barton said: “It’s totally fitting that the last iGB Affiliate Awards to be held in London has attracted a record 338 submissions from across the international community.

“The Awards are an integral part of the iGB Affiliate experience and celebrate everything that’s so unique and compelling about the igaming affiliate sector, recognising the industry’s outstanding individuals, brands, games, networks, tech vendors and marketing campaigns.

“It promises to be another inspirational Awards evening and a perfect way to complement the exhibition which will feature circa 155 exhibitors occupying 11,757 square metres of space and a raft of show initiatives created to highlight new strategies, new partnerships, new sectors and new jurisdictions all culminating in the delivery of new business opportunities for the thousands of customers who will be part of what will be an historic edition of iGB Affiliate.”

Claire Wellard, CEO of affiliate management consultancy iGamingXL and a member of the 21-strong external judging panel, selected for their expertise and specialist industry knowledge, confirmed: “As always, it’s a pleasure to be part of the judging process for the iGB Affiliate Awards. I love seeing the developments from all of these companies in innovation and growth. The step change in the quality of the submissions across all the categories with which I was involved as a judge this year reinforces the view of this sector as one that is in rude health and poised to go from strength to strength in 2024”.

Fellow judge, Vicki Reed, Founder, Better Change, added: “It was encouraging to read about some of the impressive and unique innovations by affiliates in the area of safer gambling. Such initiatives are set to become more integral to igaming’s ongoing repositioning of itself as a more sustainable sector with responsible play at the heart of its operations and strategy”.

For more information on iGB Affiliate London and the iGB Affiliate Awards visit https://london .igbaffiliate .com

iGB Affiliate Awards Shortlist

The shortlist for the categories open to the industry to nominate or vote on in the 2024 iGB Affiliate Awards comprises:

AFFILIATE CATEGORIES

Safer Gambling Initiative of the Year: Casino Guru, Gamblers Connect, GiG Media, OneTwenty Group. Marketing Campaign of the Year: Betanddeal, Casino Guru for TikTok Marketing, Checkd Group and William Hill. Best Casino Affiliate: Casino Guru, Gambling .com Group, GiG Media, Moonshot Marketing Ltd, Mr. Gamble, OLBG QiH Group, Slotsjudge, Vita Media Group. Best Sports Betting Affiliate: Better Collective, Checkd Group, Gambling .com Group, GiG Media, Oddschecker, OLBG, Skores Media, Spotlight Sports Group. Best Bingo Affiliate: BingoPort, FTD Digital, WhichBingo. Best Poker Affiliate: Mypokercoaching, Onlinepoker .se, PokerNews, Worldpokerdeals. Best Streaming Affiliate: Betanddeal, Kingbet Media, Scratch Card Joe, Theslotbeasts/TheslotbeastsNL. Best Crypto Affiliate: CoinGambling, Crypto Lists Ltd, Find.co (CryptoManiaks, CCN), Gamblineers. Affiliate Employer of the Year: Better Collective, Betting Hero, Blexr Limited, Gaming Innovation Group,
QiH Group, TAG Media.

INDIVIDUAL CATEGORIES

Best Affiliate Manager: Abi Williamson – Bet365 Partners, Björn Marsman – Chilli Partners, George Gerakanakis – Novi Affiliates, Joshua Kelly – Bet365 Partners, Kyle Seychell – Chilli Partners, Mira Petrova – VL Partners, Paige Whitaker – Chilli Partners, Radoslaw Baranski – LeoVegas Affiliates, Renee Mate – Rewards Affiliates, Sasha Boerma – Coastline Affiliates, Sharanya Pappu – Excel Affiliates, Stephanie Robinson – Betcoin.ag Affiliates

PROGRAMME/NETWORK CATEGORIES

Best Affiliate Programme: Bet365 Partners, Betfred Affiliates, Betsson Group Affiliates, Bluefox Affiliates, Campeon Affiliates, GGPartners, LeoVegas Affiliates, Merkur Partners, NoviAffiliates by Novibet, SharedBet Affiliates, VL Partners. Best Affiliate Network: Affiliate Roulette, BetAffiliation, CasinoAffiliatePrograms .com, Digidum, Income Access, Matching Visions, WakeApp Partners.

SERVICE PROVIDER CATEGORIES

Best Tech for Affiliate Programmes: Affilka by Softswiss, DeepCI from EveryMatrix, Intelitics Software, MAP, MyAffiliates, PartnerMatrix, Rightlander Ltd

Game of the year (PUBLIC VOTE BASED ON SHORTLIST PROVIDED BY EGAMING MONITOR): Big Bass Bonanza Keeping It Reel (Pragmatic Play), Coin Strike Hold And Win (Playson), Cops N Robbers Big Money (Inspired Entertainment), Fishin Frenzy Even Bigger Catch (Blueprint Gaming), Football Cash Collect (Playtech), Gold Blitz (Fortune Factory Studios), Golden Dragon Inferno (Betsoft Gaming), Rip City (Hacksaw Gaming), Rise Of Olympus 100 (Play’n GO), Super Stars (NetEnt).

Best Digital Agency: Affiverse, Revpanda, TAG Media, Teamwork, WakeApp.

ALL COMPANIES (AFFILIATES, PROGRAMMES, NETWORKS AND SERVICE PROVIDERS)

Innovator of the Year: BetAffiliation, Betanddeal, Checkd Group, DeepCI from EveryMatrix, Kingbet Media, Oddsium, Revpanda. Rising Star: Best Odds (Stram Entertainment Ltd), Betting Hero, Chilli Partners, DeepCI from EveryMatrix, Leon, MioMedia, Revpanda. Best Newcomer: 2rbo Affiliates, Affiliate Roulette, Media 24, TrackBox.ai, Wow Partners.