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Swedish online casino shutter would cause instant ‘black-market boom’, says BonusFinder MD

George Miller

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Swedish online casino shutter would cause instant 'black-market boom', says BonusFinder MD
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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.”

 

Industry News

Singular extends casino offering with Booming Games

George Miller

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Singular extends casino offering with Booming Games
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Singular and Booming Games have sealed a distribution agreement to target Tier 1 operators via Singular’s iGaming platform. Booming Games’ full slot portfolio is now available on Singular’s platform with more than 60 HTML5 slot games including popular titles like Booming Seven Deluxe, VIP Filthy Riches, Gold Vein and latest release Gunspinner. Booming Games release up to two new games per month. Soon to be released are Danger Zone, Show Master and Burning Classics.

“We are delighted to partner with a leading platform and distribution partner like Singular to further extend the reach of our content to regulated and new markets. We are looking forward to a fruitful partnership” said Frederik Niehusen, Chief Commercial Officer at Booming Games.

Booming Games have just recently announced a successful start to 2020 after being recognised as Rising Star of the Year at the International Gaming Awards and launching their slot portfolio with Leo Vegas, Gamesys Group, Microgame, Gaming1 and Hero Gaming.

“Having Booming Games on our portfolio goes hand in hand with our dedication to delivering versatile, high-quality gaming content. Moreover, Booming games innovative features guarantee engaging gameplay which translates into increasing LTV of players.” – Robert Dowling, Chief Commercial Officer at Singular.

Singular has 10+ years of experience working with Tier 1 iGaming operators. Singular Product Portfolio includes a comprehensive and flexible iGaming platform, Sports Betting Platform with market leading features alongside a Retail solution and a Casino Core with 7000+ casino games. We aim to empower operators to be ready for any breadth and magnitude of their growth, to be bespoke in their respective markets, and to be ahead of their competition. This complies with the three pillars of the company: reliability, flexibility and innovation which are the founding blocks of the company’s way of work reflected in the corporate slogan BE OUTSTANDING. For more information visit singular.uk.

 

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Industry News

IAGR POSTPONES DISRUPTING THE REGULATOR

George Miller

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IAGR POSTPONES DISRUPTING THE REGULATOR
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The International Association of Gaming Regulators (IAGR) today announced the postponement of its annual conference: Disrupting the Regulator: Sparking innovation in regulatory practice #IAGR2020 Boston until 12-17 September 2021.

After monitoring governmental public health advice and associated jurisdictional developments regarding the COVID-19 pandemic over recent months, the Board of Trustees determined it was in the best interests of the association and its members to postpone its annual conference until 2021.

In making the announcement Mr Paul Newson, IAGR President, said: ‘It’s profoundly disappointing to delay this exciting event, but I’m confident our focus on innovation in regulatory policy and practice will be increasingly important as we transition out of lockdowns towards normality.

‘The decisive public health response to the pandemic has saved lives. I think we also need to acknowledge that the abrupt shutdown of economic activity and social interaction has devastated many businesses and livelihoods, but I think it also presents tremendous opportunity for bold innovation to overcome previous policy and regulatory inertia.

‘We have assembled an impressive line-up of leading speakers to share insights, challenge thinking and spark a contest and ideas and new ways of working at #IAGR2021. We will be liaising with each of our speakers to ensure we build on the program to best capture lessons from the pandemic that can help advance efficient and effective gambling regulation.’

The conference will still be held at the Boston Marriott, hosted by the Massachusetts Gaming Commission and in partnership with the International Masters of Gaming Law we will be offering back to back conferences including a joint conference day and networking events.

‘We had an extraordinary response to our call for speakers and I wish to thank all those individuals for their patience while a decision on the timing of the conference has been pending’ Mr Newson said.

IAGR is exploring a number of options for webinars and virtual events for its members and industry stakeholders in the lead up to #IAGR2021. We also invite expressions of interest from regulators and industry stakeholders to contribute to our newsletter.

IAGR consists of representatives from gaming regulatory organisations throughout the world and aims to advance the effectiveness and efficiency of gambling regulation.

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Industry News

GiG strengthens iGaming offering to operators by adding Playtech’s iPoker to its platform

George Miller

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GiG strengthens iGaming offering to operators by adding Playtech’s iPoker to its platform
Reading Time: < 1 minute

 

Gaming Innovation Group Inc. (GiG) has integrated Playtech Plc’s iPoker product to its platform, allowing GiG to extend its iGaming offering to its partners.

Playtech’s iPoker product boasts a poker network of over 35,000 players. They operate in the regulated markets that offer Poker and deliver a solid omnichannel solution for operators.  The partnership will enable operators to gain access to one of the largest poker networks in the world, through GiG’s leading-edge iGaming platform. Operators can take advantage of a wide selection of game types, an extensive offering of table stakes and buy-ins and a rich range of games via  HTML 5 web, mobile, iOS and Android.

Ben Clemes, Chief Commercial Officer, “We are excited to have partnered with Playtech in entering the poker betting vertical. The integration of Playtech’s iPoker product with our iGaming Platform allows us to further extend our betting options and enables our partners to offer a strong poker betting player experience. As part of the process, we added to our microservices, which gives us the ability to scale and integrate with other third-party poker providers in the future —providing our partners with more flexibility and choice.’’

Shimon Akad, Chief Operating Officer, Playtech, comments: “We’re delighted to partner with GiG and welcome them to our iPoker network. Having invested heavily in our new poker web client, in addition to our native poker app and popular downloadable desktop poker client, together Playtech and GiG can offer operators access to an exceptionally flexible platform as well as an ever-growing network. GiG is an important strategic partner for us, we look forward to continuing to work with them to bring industry-leading technology to the sector.”

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