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Norway to Update Loss Limit Legislation for Electronic Bingo: What It Means for Players and Operators

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In an era of rapid growth in online gaming and electronic bingo, Norway has taken a significant step to enhance player protection with updated regulations on loss limits in electronic bingo. In 2021, around 2.2% of Norwegian adults reported online gambling, a rise from previous years. The revised legislation aims to foster a responsible gaming environment, minimizing financial risk for players while maintaining the entertainment value of bingo.

This initiative aligns with Norway’s commitment to balancing consumer safety with the demand for accessible gaming options, providing a safer space for casual players and enthusiasts. A  trusted resource in Norwegian gambling trends ToppCasinoNorge, has been closely monitoring these changes, offering insights into how they will impact the industry and players in Norway.

Norway’s Updated Bingo Legislation

Two new legislations will be introduced. The first legislation refines the loss limits further, ensuring players do not exceed reasonable financial thresholds. The second legislation limits the registration of games per supplier. This measure is expected to help Norwegian regulators track and evaluate individual game providers, ensuring they comply with local standards for responsible gaming. The two newly proposed legislations will not be wholly enforced until September 2025.

This legislation marks a significant effort to safeguard players from potential harm, setting daily and monthly loss caps that cater to casual gamers and safeguard them from the risks of excessive spending. Norway’s Ministry of Culture, responsible for regulating gambling, introduced these updates as a response to the evolving landscape of online bingo.

Insights on the Expected Impact

With the announcement of updated loss limits for electronic bingo, ToppCasinoNorge sees a positive shift toward more responsible gambling habits in Norway. These new regulations are believed to make players consider electronic bingo entertainment with certain levels of risks not as a great chance to gamble as they suppose. In ToppCasinoNorge’s opinion, the change targets maintaining the perfect balance that helps a player have fun and play the game while being aware of the risks that can occur with regular playing.

It will restrict a player’s potential losses, preventing individuals from spending haphazardly and enabling them to think more critically. A representative from ToppCasinoNorge explains, “These new rules enable players to engage with bingo in a fun and financially safe way. We believe these loss limits will lead to a healthier gaming culture in Norway, where players can feel protected without sacrificing enjoyment.”

Additionally, ToppCasinoNorge anticipates that this legislative update will set a new standard for player protection. With loss limits in place, electronic bingo might become a more appealing option for players looking for a controlled and enjoyable gaming experience. While these measures place spending limits, they are also likely to support the continued popularity of electronic bingo by enhancing players’ sense of security and fostering trust in the industry. ToppCasinoNorge predicts that the new rules will cultivate safer gambling habits, allowing players to enjoy the game within a responsible framework.

How Will These Changes Shape the Future of Bingo in Norway?

Norway’s stricter loss limits are expected to significantly impact the electronic bingo market. Operators may need to adapt their offerings to accommodate these changes while maintaining player engagement. They may introduce new features that emphasize the social aspects of bingo or create loyalty programs that reward responsible play.

This could influence Norway’s attractiveness as a market for international bingo operators. While some may view these regulations as restrictive, others may see an opportunity to differentiate themselves by aligning with Norway’s commitment to responsible gaming. Norway’s focus on safe gaming could make it a model for other markets, as regulatory bodies worldwide prioritize player well-being.

International operators may need to adjust game structure, promotional strategies, and spending incentives to align with Norway’s responsible gaming policies. These changes may drive innovation, encouraging operators to design games and incentives that appeal to a player base seeking a balanced and enjoyable experience within safe spending limits.

Responsible Gaming: Strategy of the Norwegian government and authorities in the gambling industry

Norway has unswervingly been ahead in addressing responsible gaming through various measures across the forms of gambling. From casino games to sports betting and lotteries, Norway’s legislation has prioritized player protection, often limiting the stakes, advertising, and access to unregulated gaming platforms.

This cautious stance reflects a solid commitment to minimizing the social risks associated with gambling, with oversight provided by bodies such as the Norwegian Gaming Authority. The government collaborates with European organizations like the European Gambling and Betting Association (EGBA) to further safeguard players, setting standards for transparency and ethical gaming practices.

The updated loss limits for electronic bingo align perfectly with Norway’s larger goals of promoting responsible gaming. By capping losses, these regulations limit excessive spending, making electronic bingo a safer option within the broader framework of controlled gambling.

Where Can You Play Bingo in Norway Today?

Norwegian players have various bingo options, from online platforms to licensed bingo halls, all strictly regulated to maintain fairness and player security. Although online bingo options are limited due to legal restrictions, some government-approved sites provide a safe digital experience for Norwegian residents. For those interested in licensed options, ToppCasinoNorge is a valuable resource that offers information on approved online bingo platforms that comply with Norwegian regulations.

Physical bingo halls and venue-managed charities also give players a regulated environment. However, it is imperative to note that all betting in Norway is regulated, and no unauthorized company can engage in the business.

Conclusion

Norway’s recent update to electronic bingo loss limits marks another step in the country’s commitment to responsible gaming. By imposing daily and monthly caps on potential losses, the government aims to protect players while preserving the recreational aspect of bingo. Players can expect a more secure gaming environment that aligns with Norway’s broader regulatory goals as these changes take effect. ToppCasinoNorge remains a reliable guide for Norwegian players, providing insight and resources to navigate safe and enjoyable bingo options under Norway’s stringent gambling laws.

Latest News

Kambi Group plc repurchase of shares during 6 November – 12 November 2024

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Kambi Group plc (“Kambi”) has during the period 6 November to 12 November 2024 (the “Buyback Period”) repurchased a total of 54,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).

The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.

From the beginning of the Programme, which started on 6 November, until and including 12 November 2024, Kambi has repurchased a total of 54,000 ordinary B shares at a volume-weighted average price of 111.87 SEK per share.

During the Buyback Period, Kambi has repurchased shares as follows:

Date Aggregated daily
volume (number of
ordinary B shares)
Weighted average
share price
per day (SEK)
Total daily
transaction
value (SEK)
6 November 2024 14,000 117.27 1,641,822
7 November 2024 10,000 115.17 1,151,709
8 November 2024 10,000 110.08 1,100,826
11 November 2024 10,000 107.82 1,078,240
12 November 2024 10,000 106.81 1,068,130

All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 12 November 2024, Kambi’s holding of its own shares amounted to 1,428,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.

A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.

Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/

 

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Latest News

Zillion Games launches Storm Fruits 2

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Zillion Games launches Storm Fruits 2, an exciting sequel to the popular Storm Fruits. With 4,096 ways to win and a Bonus Buy option, players can jump straight into the action for even more chances to win. This refreshed classic fruit theme combines timeless charm with modern thrills for a truly engaging experience.

Accumulated Bonus

During gameplay, bonus symbols accumulate, and when five symbols land, a special feature may trigger, adding the missing symbol to activate the Hold and Ring bonus mode.

Hold and Ring with Jackpots

In this bonus mode, players can win one of three jackpots: Mini, Minor, or Major. Fill all 20 grid positions to unlock the Grand Jackpot.

Free Spins with Random Walking Wilds 

Wild symbols can appear in varying amounts on each new spin, moving to random positions and potentially leading to big wins. In Free Spins mode, landing three scatter symbols will trigger additional free spins for even more chances to win!

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Growe Partners Named Best Affiliate Program. Once Again.

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Growe Partners, an affiliate program, which has skyrocketed its performance in the iGaming industry in just a year, has received yet another recognition as the Best Affiliate Program at the SiGMA Europe Awards 2024. 

The ceremony took place in Valletta, Malta on Nov, 12th, and the victory was achieved through a combination of public votes on the award page and evaluations by a distinguished jury panel.

In just a year Growe Partners has rightfully reserved a place amongst industry leaders, who have been in the game for a lot longer, and as they say themselves — they are not going anywhere. Today Growe Partners is a network with over 32 thousand partners, operating in more than 10 locations worldwide.

“This achievement reflects our commitment to investing in our people, our partners, our ideas, and continuously implementing new innovative approaches. We are proud of the strong team we have built, which is always on the lookout for ways to develop and better themselves. And whose dedication resulted in this victory.

With winning this award we would like to once again emphasize that everything is possible in our industry if you set the right goal and work hard for it.” , — commented Dima Mariievskyi, Head of Growe Partners.

 

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