Press Releases
Swedish online casino shutter would cause instant ‘black-market boom’, says BonusFinder MD
Government considers ‘extreme measures’ as activity rises amid COVID-19 restrictions but closures would drive more players to unlicensed sites instead of protecting them
9th April, 2020 – The Swedish government’s threat to temporarily shut down licensed online casinos would have a disastrous effect on the industry and drive thousands more players to the black market, BonusFinder.com has warned.
The minister in charge of gambling policy, Ardalan Shekarabi, this week warned that “extraordinary measures” would be implemented if operators do not take action to slow the increase in igaming activity seen in the last two weeks, as people are told to stay at home because of the COVID-19 outbreak.
According to new data from Sweden’s gambling regulator, Spelinspektionen, there has been a 33% increase in registrations and logins to play online casino games with 17 of the 60 licensed operators in the country in the last 14 days.
Last month, Swedish market research carried out by BonusFinder.com found that almost a third of Swedish online casino players are searching for ‘unlicensed casinos’, with growing numbers turning to black-market brands due to the market’s restrictive gaming regulations, introduced in January 2019.
Instead of protecting players, a shutdown of online casino brands, however, is likely to lead to thousands more players searching for and depositing funds on unlicensed sites, as well as causing further financial damage to licensed operators, according to BonusFinder.com.
Fintan Costello, Managing Director, Bonusfinder.com, said: “The Swedish government will make a colossal mistake if it chooses to temporarily close down online casino sites in an attempt to protect players. As our research has shown, almost a third of online casino players are already looking to the black market for a more attractive offering since restrictive rules were imposed in January 2019. These latest plans would create an immediate black-market boom.
“Swedish legislation requires operators to have strict responsible gambling procedures in place, therefore the right measures are already there. The focus should instead be on ensuring these are adhered to rather than taking a knee jerk reaction to close down all legitimate brands and forcing even more players to unprotected sites.”
Latest News
Reelsoft Announces Partnership with Bigly to Drive Innovation in iGaming
Skövde 4 October, 2024. Reelsoft, a leading provider of iGaming technology, is excited to announce its latest partnership with Bigly, an ambitious new game studio. As Bigly’s technology partner, Reelsoft will provide the infrastructure necessary to support Bigly’s innovative approach to game development and distribution.
At the centre of this collaboration is Reelsoft’s cutting-edge Vision RGS (Remote Game Server). This advanced technology enables rapid game development and seamless integration across a wide range of platforms, supporting games like online slots, table games, and multiplayer games such as crash games. By leveraging the power of Vision RGS, Bigly will be able to create high-quality games with the flexibility to deliver them to operators quickly and efficiently.
Liam Mulvaney, Founder and CEO of Bigly, stated, “Bigly is challenging the market structure at a time when rising costs and shrinking margins are pushing operators to seek more value. Our games are designed to meet these demands, offering strong returns on investment while delivering an game experience players will love. We’re already in discussions with operators, and there’s plenty of excitement ahead as we bring Bigly’s bold vision to life.”
Reelsoft’s partnership with Bigly aligns with its mission to empower game studios with the tools they need to innovate, scale, and succeed in the competitive iGaming landscape. Vision RGS provides a stable, scalable foundation, enabling game developers like Bigly to focus on creativity while leaving the technical hassle to Reelsoft so they can confidently grow their game portfolio.
Thomas Nimstad, Founder and CEO of Reelsoft, commented, “At Reelsoft, we believe in empowering studios like Bigly with the tools to create standout content. Bigly’s fresh approach to both game development and their commercial model is a breath of fresh air for the industry. We’re excited to see how their innovative vision is embraced, and we’re proud to support them every step of the way, from concept to launch.”
Bigly is set to release 10 top-quality titles annually under a bold revenue-sharing model, which offers operators capped fees. The studio’s first game, Deep Sea Treasure, a cascade-style slot packed with bonus features, is scheduled for launch soon.
This collaboration highlights Reelsoft’s continued commitment to fostering creativity and innovation in the iGaming space, helping studios like Bigly bring their unique ideas to life.
Latest News
PG SLOT Introduces Online Slot PG Demos with Free Spins to Help Players Improve Their Skills Before Investing Real Money
PG SLOT, a top gambling website in Thailand, is thrilled to announce the launch of its free online slot demo (ทดลองเล่นสล็อตทุกค่ายฟรี) across a range of leading providers, such as Pragmatic Play, SlotXO, Joker123 and Next Spin, to help players enhance their skills before investing real money.
Suitable for new gamblers who want to try an array of slot games and experienced players eager to boost their skill to increase their winning streak, PG SLOT’s latest offer showcases the highly rated gambling sites’ focus on providing a player-focused experience that increases their odds and chances of winning.
“We offer free online สล็อตทดลอง (demos slot) from a wide range of providers, including Pragmatic Play, SlotXO, Joker123, Next Spin, Red Tiger, Relax Gaming, Quick Spin, Jili Games, Nolimit City, and many more,” said a spokesperson for PG SLOT. “These demos allow both new and experienced players to practice and refine their skills before playing the actual games.”
Some of the leading game manufacturers included in PG SLOTS try playing slots (ทดลองเล่นสล็อต) offer are:
- Pragmatic Play: One of the most popular providers, Pragmatic Play is renowned for its high payout rate and immersive slot games.
- PG SLOT: Pocket Games Soft enables all slot experts to find authentic licensed games that are fun to play and guarantee a new and exciting slot game experience.
- Next Spin: Next Spin is a new slot game camp that stands out with its challenging range of games featuring sharp and beautiful graphics.
To further boost a player’s experience and ensure they have the opportunity to achieve the best possible results, the online gaming website is also providing an array of bonus offers for individuals who sign up to PG SLOT memberships.
“In addition to being able to try out free slots from all camps, we also give you the opportunity to practice your skills and learn slot playing techniques before going on the real field to increase your chances of winning bets and getting more real money. Register as a member with us easily, receive free credit and many promotions fully prepared for all members. Come join us, PG SLOT ทดลองเล่น, the number 1 online gambling website, and have fun trying out free slots with a chance to win real jackpots and get real money together!” continued the spokesperson for PG SLOT.
PG SLOT invites players seeking to enhance their skills across a range of the most popular slot games to visit its website today, where they can also enjoy a selection of lucrative promotions and a PG SLOT DEMO FREE SPIN.
Latest News
Patrick Homm to Lead Scientific Games International Lottery Systems Technology
Scientific Games announces the appointment of Patrick Homm as Vice President, Systems Engineering for the company’s international lottery systems technology. Patrick Homm brings over a decade of experience in innovative gaming systems, software engineering, technology leadership and large-scale systems architecture to his new role. As the industry’s fastest-growing lottery systems provider, Scientific Games continues investment in omnichannel technology ecosystems that deliver optimal consumer experiences across lottery retail and digital channels.
Since joining Scientific Games in 2022, Homm has managed multiple high-impact retail and iLottery projects as the company’s business scaled as a trusted technology partner to 80 lotteries worldwide on one or more systems solutions.
With his leadership experience in agile transformation, microservice architecture, and cloud policy development, he has driven innovation and operational excellence throughout his career. Prior to joining the Scientific Games technology team in Vienna, Homm held various roles at Admiral Group for eight years, including Head of Portal Engineering.
Homm’s hands-on approach, innovative mindset and ability to foster collaboration across teams align perfectly with Scientific Games’ mission to deliver secure, world-class retail, iLottery and sports betting systems for the government-regulated lottery industry.
Michael Conforti, President, International at Scientific Games, said, “Patrick’s appointment is a pivotal step in further strengthening our International Systems team. His deep expertise, visionary leadership and commitment to fostering innovation will help us achieve our strategic goals as we continue to revolutionize omnichannel lottery systems technology for the next generation of lottery retailers and players.”
Scientific Games is a trusted partner to 150 lotteries in 50 countries around the globe, providing games, technologies, analytics and services that responsibly drive maximum returns to their beneficiary programs.
©2024 Scientific Games, LLC. All Rights Reserved.
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