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Bingo Sites that Feature Tiki Island Slot

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The Highlights of iGaming North America Conference April 2016

iGaming North America Conference

The iGaming North America conference (iGNA) of the year 2016 recently took place in Las Vegas, USA. The conference was held from April 5th- 7th at the Las Vegas Planet Hollywood. While talking about the crucial themes of the conference, daily fantasy sports, iLottery, eSports, skill gaming and millennialism were the major concern.

About the iGaming North America Conference

The conference emphasised upon millennial issue. It hardly matters about the age group in which the iGaming operators put in players. At present, this huge group does not contribute as the big gamblers. In addition to this, it was in news earlier that New York was just an inch close to clear the online poker bill. However, Assemblyman Gary Pretlow Skype moderated the same. He did this by asserting that daily fantasy sports was about 50/50 but the chances of online poker were just 1-in-100 to even get started. Later, Gary downgraded the ratio to 1-in-1000.

On the first day of the opening of the conference, “Executive Panel- The New Deal” featured the rival leaders including Eric Hollreiser of Amaya and the very popular Michael Cohen of Caesars Interactive. Hollreiser put emphasis on the issue of obtaining the gaming license in New Jersey compared with the other parts of the world including the rest of Europe. In addition to this, Cohen and Hollreiser both believe that the acceptance of regulation in the states of New York and Pennsylvania is the only key to set a benchmark in the US market.

On the other hand, the payments panel put the payment issue forth. It expressed that the online payment processors are not tailored to be operated state-by-state. It has posed to be a big problem for the player of New Jersey, as they face issues at the time of making the deposits online.

Scope for eSports

On the second day of the conference, Downtown Grand Hotel, Visionaries panel and the casino Seth Schorr mentioned in a statement that eSports are the key growth of the market at the international platform. He added by saying that Las Vegas has the capability and an exclusive opportunity to become the biggest destination for eSports. Vegas has a huge betting volume that can be matched with F1 and ragby in Europe in the coming few years.

To add on, all the representatives at the conference agreed that the games should be easily accessible by the players from different demographics. The games need to be intuitive, interactive and unique in order to captivate the attention of millennial. Rahul Sood of Unikrn mentioned that the land-based casino spaces are today not accommodating the millennial generation well. He pushed for some effective actions taken to resolve this matter.

The Finale of the iGaming North America Conference

The last day of the conference ended up with the discussions on daily fantasy sports. While the various US states are struggling to get daily fantasy sports legalized, the state of Massachusetts is considered to best in handling such sports. The importance of social relationship between the operators and players are also discussed in the meet.

NetEnt Comes Out Strong in Q1

NetEnt

Continuing the strong performance in the market in 2015, NetEnt has posted impressive all round gains in the Q1 results of 2016. NetEnt has shown remarkable gains in revenue collection, operating profits and in profit after tax during the Q1 as a result of expansion drive the company is undertaking. With a host of brands including 777 Casino, Playamo Casino and EU Casino that offer Double Bubble slot, NetEnt is now one of the major players in the online gaming sector. The strategy of NetEnt to target the New Jersey market seems to be paying off handsomely as all financial parameters showing an increase of about 50% over the last fiscal.

Partnering Existing Licensees

The New Jersey foray of NetEnt has contributed to massive gains for the company as not only new casinos have been opened, but contracts have been made with other players in the region which has boosted the online casino revenue in the state. In the first quarter of 2016, as many as eight casinos have been inaugurated and nine agreements have been entered with other licensees. CEO and President of NetEnt, PER Erickson, has acknowledged that the New Jersey targeted expansion has helped the company in its forward march in the industry.

Expansion, the Catchword

NetEnt has taken the expansion route to propel its growth, by wisely and ambitiously targeting the markets in North America and Europe, since the potential of these markets is very huge. Buoyed by favourable results in the first quarter of the fiscal, NetEnt is optimistic of firming up the profits for the year 2016. NetEnt has not merely concentrated in expanding base to newer markets, but has been coming up with new games too from time to time to entertain and retain its clients. Thus, in January, NetEnt has launched a new slot game by name Guns N Roses slot.

The response to this game has far exceeded the expectations of even the management of the company. Few more games are to be released over the next few months and this includes slot games drawing inspiration from the music and animation of Jimi Hendrix and Motorhead. These new games being launched under the banner of NetEnt Rocks are turning out to be the latest craze among the casino fans.

The Rising Anticipation Among Casino Enthusiasts

The methodical way in which NetEnt has been making inroads into the casino markets has made the casino fans eagerly wait for the next step of the company. Since NetEnt is known for bringing in innovative and bold initiatives in the casino market, the casino fans always keep an eye on what the company is offering them periodically. This is one of the reasons for the success of NetEnt. The success of NetEnt could be easily quantified as it has been able to show an increase of 33% in sales turnover and 57% increase in operating profits in the first quarter of the fiscal 2016. Aggressive intent of NetEnt followed up by judicious planning has made NetEnt as a leading player in the casino market.

The Theft of Customer Accounts at Coinroll Online Casino

Coinroll Online Casino

Coinroll, the new Bitcoin online casino has recently sent warning alerts to all its customers regarding the compromises made with their account data. In the last month, one of the active researchers of MacKeeper, Chris Vickery came up with the news of an online database possessing personal details of almost around 4610 coinroll.com account holders. In addition to this, Softpedia also mentioned that the information of Coinroll accounts was linked to 9.668 Bitcoin wallets.

Reports of Chris Vickery

Vickery, the veteran researcher of the online security firm clearly mentioned that Coinroll takes every possible measure to protect the information of its customers. The online casino has developed a robust SHA256 cryptographic algorithm in order to hash all the account passwords strings. However, the database was not actually salted with any random information because of which, the passwords became almost impervious to those snooping eyes. Furthermore, this database did not have any administrative passcode to restrict the downloading of the information by any third party. With such elaborative reasons by Vickery, the reasons behind the leaked database are clear.

Coinroll’s Stand on the Matter

When it comes to the immediate required action of Coinroll, the online casino has disabled the entire deposit and withdrawal functions of the website. The temporarily termination of financial transactions will keep the situation away from worsening and will protect the player’s money. The casino is thoroughly investigating the matter with the help of the experts and concerned professionals.

In addition to this, the website has promised to take further necessary steps in order to prevent any other Shenanigans. It will include the prevention of two-factor authentication option at the time of making the withdrawals. According to the chat logs of the casinos, it is expected that the withdrawal and deposit functions will be enabled again by the coming week or sooner.

The Early Warning

It is true that Coinroll published a message on its website to warn the customers about what has already taken place. Through this message, it warned its members about the potential breach. The casino did this after it received reports of the theft of account balances of some users. This simply means that the casino tried its best to control the situation there and then right after the early news of theft. The casino further declared that only few claims of unauthorized withdrawals were reported. However, it asked all the other account holders who had opened their account before 7 April to change its passwords to be on a safe side.

Juan-Samuel Codina Fauteux, Coinroll marketing and affiliate manager has informed Vickery that the situation of leaked database emerged after the updates made to Ubuntu operating system. It changed some settings in the firewall configuration tool of the system and gave way to this issue. Therefore, the company is now thinking to shift from Ubuntu to Linux-based OS Fedora. Without a doubt, this situation has come as a shock for the casino and it is going to be more alert in the future.

March 2016 Revenues Increased for Indiana Casinos

Indiana Casinos

March 2016 turnover figures of casinos in Indiana region have revealed that there has been a marginal increase in revenue for the month. The statistics disclosed by Indiana Gaming commission, the apex body for gambling in the state divulge that as many as 10 out of the 13 casinos in the state have increased their revenue collection when compared to the corresponding month of 2015. And in spite of the remaining 3 casinos not showing an increase in revenue in March 2016, on the whole there has been an increase in casino revenue in the state of about 4 million over the revenue for the corresponding period in 2015.

Data Released by Indiana Gaming Commission

Comprehensive figures about the revenue raised by the casinos in the state and a break-up of the casino’s share of revenue in table games and slot games released by Indiana Gaming Commission provide a broad view of how each of the casinos has fared during the month of March 2016. The figures released by Indiana Gaming commission are useful not only to the casino owners but to the regular casino players. To give a better picture of the revenue outgo at the casinos, details of wins at the individual casinos of the state in respect of the table games and slot games have been provided by Indiana Gaming Commission.

The Highs and Lows

Interesting, among the 13 casinos in the state, the casino which has ended-up as the highest revenue earner in March 2016- Horseshoe Hammond- is one of the casinos which is in the league of casinos where a drop in revenue is reported for the month, as compared to the corresponding month of 2015. While Horseshoe casino had reported a revenue flow of $41.5 during March 2015, in March 2016, the revenue earned by the casino stands at $38.8. In contrast to Horseshoe Hammond, Horseshoe Southern Indiana has ended as the casino where the highest increase in revenue has been posted in March 2016. Here, at Horseshoe Southern, while revenue collection during March 2015 in both the table and slot games amounted to 17.1 million dollars, during March 2016, the revenue accrued totalled to 22.1 million dollars.

Stable Indiana Casinos

Few Indiana casinos like Majestic star, majestic Star 2 and Indiana Grand racing & casino have reported a revenue collection in March 2016, which is almost on par with that of March 2015. While at Indiana Grand racing & casino there has been a slight fall in revenue to the tune of $0.5 million, at the Majestic Star and Majestic Star 2, a small increase in revenue has been reported. Fascinatingly, at both the Majestic casinos, increase in revenue for the period accounted for $0.1 million. Another Indiana casino which was able to retain the revenue figures of March 2015 is the Blue Chip casino. Other casinos where an increase in revenue has been reported for March 2016 include Tropicana casino, Rising Star and Ameristar casino.

Congressional Hearing On Gambling in the US Scheduled for May

Congressional Hearing in the US

The gambling industry in the United States is getting a great deal of attention from all quarters, particularly because the industry is expanding at a very rapid pace all over the world. Americans love to gamble but the federal government has placed many restrictions on it, especially when it comes to gambling using the internet. The growing calls for legalizing sports gambling haven’t gone unnoticed by lawmakers especially since there money involved in this business is immense.

The Subcommittee on Commerce, Manufacturing and Trade of the House of Representatives had scheduled a hearing for 11th May to discuss the legal status of a number of gambling related activities such as sports betting, online gambling and daily fantasy sports (which is commonly known as DFS). It’s safe to say that the hearing can get very heated since gambling is a topic that can polarize opinions.

The scheduled hearing on the legal status of online gambling in the United States was requested by Democrat Frank Pallone Jr. who represents New Jersey. The leading heavyweight in the House Energy and Commerce Committee, Pallone has been calling for increased federal supervision of the DFS business. After all, the legal (and therefore regulated) online gambling industry in New Jersey is the largest in the United States. Furthermore, the state is at the forefront of legal efforts to overturn the federal ban on sports betting even though it hasn’t been very aggressive when it comes to the question of DFS.

DFS has a very ambiguous status as of now, with a number of attorneys general weighing in that it is illegal according to the laws of that state. Other states are trying to bring about what they call consumer protection measures in order to give DFS a legal status. The problem is that DFS in its present form seems to contravene the terms of the Professional and Amateur Sports Protection Act (PASPA), a 1992 law that prohibits sports betting in the United States. Therefore, the proposed hearing will consider the possible federal role in regulating DFS operations.

The state of Iowa has recently had some success in regulating the DFS industry thanks to the favourable vote obtained by the Senate Study Bill 3181. This was a study bill for a law that would tax sports betting at a rate of 7.5% and put regulations in place by Iowa Racing and Gaming Commission, along with penalties that would apply in case the regulations were ignored. It was the state’s second attempt at legislation on DFS but the previous bill was not able to clear all hurdles in the required time.

The Iowa bill is quite different from the consumer protection bills passed by other states in that it doesn’t go to the extent of sating that DFS is not gambling. The state has a very forward looking approach to sports gambling and it is one that other states would do well to emulate since a system of regulation and taxation will be beneficial to all parties concerned.

Atlantic City Casinos’ Revenues Dip Slightly

Atlantic City Casinos

The monthly turnover figures of casinos in Atlantic City as released by the Gaming Enforcement wing for March 2016 show that the casinos in the region have been able to maintain the turnover made in the same month in 2015. Revenue for the period has been reported as $202.9 million, which is falling short of the March 2015 turnover just by 0.4%. The figures reinforce the fact that online casino gambling continues to be a favourite pastime in the state of New Jersey.

More Revealing Stats

Much to the glee of the online casino operators in New Jersey state, official statistics about the online gaming industry, as put out by the state’s wing of Gaming Enforcement, reveal that there is a marked growth in the industry. In fact the growth has been pegged at a healthy rate 18% in the region for the period since March 2015. Yet another info which could be gathered from the data collected for the period is that while there is a marginal fall in revenue of the table games, the slots have compensated this decline with a minor increase in revenue.

The Winning Lead

Interestingly, closer analysis of the figures divulge that the fall in revenue of the table games is not due to decline in interest of online players in the table games. Chairman of the state Casino Control Commission, Matt Levinson discloses that equal number, if not more, played the table games in comparison with the slot games, in the region. The online casinos have yet recorded a small fall in revenue from the table games because of the fact that winning percentage of the players in the category has been more. Online casino operators however have not unduly lost out financially as the slot games have helped them to off-set the fall in revenue from the table games.

The Top Revenue Earners

Four of the eight casinos in the Atlantic City have recorded marked increase in revenue over the corresponding period of the last year. Resorts top the chart with an increase of 17.8%, while Bally showed an increase of 9.6% and Tropicana’s gain is 6% over the last year. Golden nugget casino is the fourth casino to record a winning lead in revenue growth for the period, with an increase of 3.6%.

The Casinos That Lost Out

Harrah’s have earned the dubious distinction of ending up as the biggest losers in casino revenue in the state. The fall in revenue at the casino was as high as 11.8%, which has brought down the earning of the casino to $28.5 million now. Other casinos in the region which were not able to show a positive growth in revenue include the Taj Mahal, Borgata and Caesar’s. Interestingly, it was Borgata which had the highest income from casinos in the region with a total collection of 57.9 million. Yet the fall in revenue at Borgata has been recorded at about 4%. The figures declared also reveal that the first fiscal has shown an increase of about 3% in casino revenue.

Russian Region Considers Law to Penalise Online Gamblers

Penalise Online Gamblers

Tatarstan, a republic located within the central region of Russia, intends to take its fight against online gambling to an altogether new level. There are already federal laws in Russia against most types of online gambling, but it seems that the republic considers these laws not strong enough. Legislators in Tatarstan are debating a bill that will levy heavy fines on people who break the laws on internet based gambling. The quantum of punishment will vary according to the severity of the offence and can go all the way up to $300.

The bill proposed by Tatarstan to bring a halt to online gambling will fine not just gamblers themselves but also people who enable their children or wards to do so. The bill, very clearly, aims to move some part of the responsibility of illegal online gambling to the gamblers themselves. It goes without saying that the Russian government continues to target websites that offer forbidden online services to its citizens by blocking access to these sites. These online services include certain categories of pornography and not just gambling. Therefore, Russians are banned from playing popular games like Tiki Island slot that people enjoy all over the world.

Hefty Fines For Enabling Gambling

The Tatarstan legislation proposes fines that range from 10,000 roubles (around $150) to 20,000 roubles for people caught gambling on online casinos. In case the user is found to be a minor then the parent or guardian will get a fine ranging from 5000 to 10000 roubles as punishment for enabling them to gamble. Landlords who permit gambling from their premises will face a stiff fine of 150,000 roubles.

The proposed law has quite a bit of support in the Tatarstan State Council because online gambling is considered to be a major problem here. Rafil Nugumanov, one of the lawmakers who supported the bill said that gambling has resulted in many problems in society since it was very addictive. There are many instances of people who sank into financial problems as a result of gambling on illegal sites. Nugumanov pointed out that existing federal laws were insufficient to keep gambling under control which is why it was necessary to tackle the problem at the level of individual users.

Not Everyone Supports the Law

A section of anti gambling activists does not feel that the proposed Tatarstan law will amount to anything. In fact, they say that the existing laws in Russia is more than sufficient to keep gambling under control, especially since it is implemented very thoroughly. Gambling watchdogs in Russia are very effective at identifying illegal sites and their mirror sites and they also shut these sites down very quickly without even requiring a court order to do so. While site owners can easily dispute these actions in court, there haven’t been many instances of the actions being overturned because the law is very strict and comprehensive.

Russia had previously passed a law in 2013 that restricted the basic rights of people termed as gambling addicts. These people were compelled to have a guardian to oversee their assets.

NYX Expands into Italy With the Eurobet Deal

Eurobet Deal

While the online gambling industry is expanding at a very fast pace all over the world, it has been particularly successful in Europe. This is mainly on account of the progressive laws concerning online gambling through different European jurisdictions. In fact, many countries here have recognised the importance played by the internet in helping the industry develop, and therefore they have passed laws that made online gambling and sports betting legal.

Take Italy, for instance, where the legalization of online gambling in 2010 has enabled the industry to expand along the desired lines. Online gaming companies are eager to enter this market on account of its immense potential for business. Gamblers enjoy all the latest games such as Tiki Island slot and a wide variety of casino games without having to visit a land based casino. Since the market is well regulated, punters from Italy can gamble on well-managed sites without fear of falling victim to online scammers.

Las Vegas headquartered NYX Gaming Group Limited has just announced its intention to extend its reach in the Italian market. This has been brought about by a brand new deal with leading sports book operator Eurobet.it. Its expansion into the Italian market involves a deal to launch the digital casino content on the Game360 platform in collaboration with the well known Italian sports book operator. This tie up is in keeping with the industry’s trend for big mergers.

NYX Gaming already has a presence in 8 countries and it provides state of the art technology and content to a number of the best gambling operators in business today. The NYX portfolio includes more than 650 slots, lotteries, scratch cards, bingo, table games, and poker games. The company also has an impressively large distribution network; its products are used by more than 170 different customers.

The Eurobet Italia deal comes close on the heels of an agreement with another Italian company known as Sisal Group. Sisal is one of the top gaming companies in Italy and it is also the biggest provider of convenience payment services in the country. The company has immense experience in the gambling sector and has a head start over other companies thanks to its existence as a government licensee over the past 65 years.

It goes without saying that the tie up has been greeted with a great deal of enthusiasm from the parties concerned. Game360 general manager Andrea Guzzon said that the company’s portfolio could be of great help to Eurobet which is aiming to provide its Italian customers with the best and largest selection of slot games for desktop and mobile. It will also enable NYX to get the widest possible reach for its games in the extremely busy Italian market.

Eurobet’s head of gaming, Alfredo Melloni, echoed his sentiments, saying that the company was always eager to get new suppliers since this enabled it to expand its customer base. Eurobet customers would be very pleased to have access to casino games of all types in a secure gaming environment.

Unfortunate Record of Decreasing Swiss Casinos Revenues

Decreasing Swiss Casinos Revenues

Swiss casinos are again in trouble with the revenues going down. It has happened for the consecutive eighth year that the casinos in Switzerland have faced such low revenues. According to the recent reports, the casino revenue saw a drop of 4% in the year 2015 as compared to the previous year. The updated value for 2015 is 681 million Francs.

The History of Back Fall

In the year 2007, the news declared that almost all the Swiss casino businesses witnessed a fall of around 300 million Francs. They lost the ground in the form of business revenue to illegal gambling clubs, foreign internet casinos and other gambling halls. While talking about the full hit of decrease in revenue in 2007, it has almost decreased to 33%. In fact, there has been decrease of 40% fewer payments to the Swiss OASI pension systems.

About the Recent Law

The Swiss casino operation is in a hope of a new gambling law that could fix the revenue issue effectively. The new law is expected to pass in this year and it is likely to cure the ill condition of the competitiveness of the Swiss market casino owners online. It is important that the issues be addressed immediately in the state where the online casinos like EU Casino, Royal Vegas and others are already famous. In fact, slots like Tiki Island have also become a heartthrob among many. Tiki Island slot is a 5-reel slot 3 visible symbol on each reel. You can expect to get a regular payout x22 once the bubble line has equaled the winnings set of symbols.

The Demands of Casinos

The casino association is expecting an official ban on the illegal online gambling. In addition, the Swiss casino operators are much worried about the offshore gaming websites, which are not taking effective measures for the protection of the players. They are not showing much concern about safeguarding punters from the addiction of gambling and are not even in the support of Swiss cantons. Keeping all these factors in mind, the Swiss casino owners are insisting for a basic framework that could create a protective gaming environment and captivating business conditions for all the operators.

The Law in Action

If the desired law comes into action, it will improve the condition of Swiss gambling market. The new law will allow the third parties to conduct their personal poker tournaments outside the casinos and it will restrict the tournament sponsors from developing their own corresponding gambling industry. In addition to this, the Swiss casinos are also concerned about the increasing popularity of the online poker bars in the nation that offer evening play with no regulations.

However, besides all this, it is yet to be seen that how well the new law will suffice the expectation of the Swiss casino operators. For sure, it will soothe their aching nerves and will provide them a ray of hope at least for some time. For now, all await the introduction of the new law eagerly!

Statistics Indicate iGaming Increasing in Popularity in Europe

iGaming Increasing in Popularity

Online gambling is becoming increasingly popular all over the world, but its growth in Europe is particularly impressive. A major component of this growth comes from sports betting. Global Betting and Gaming Consultant has released data recently that indicates that the sports betting business is growing at a very fast pace.

The Numbers Speak for Themselves

There has been an amazing increase of 328% in gross gaming yield from online gaming starting from 2005 to 2015, and this has enabled it to reach a very creditable figure of $15.87 per head. While there has been a steady growth during this period, GGY has accelerated in the period starting 2010, with an increase of 198% during the past five years alone. If this rate of growth can be sustained then the market would be worth $21.88 billion by the year 2020.

Sector-wise Breakup

Sports betting is more popular than any other type of gambling as the numbers indicate. Always very popular, it contributed almost half of iGaming revenues for the year 2015. The figure for 2005 was 45.6% but this increased to 48.5% in the previous year.

Online casinos also increased their contribution to iGaming revenues from Europe. The proportion of online casino business in 2005 was just 23.1%, and this grew to 29.2% in 2015. Popular casinos patronized by European customers include EuroGrand Casino, EUCasino, and Royal Vegas Casino.

Online bingo makes a very small percentage of the iGaming business in Europe, but it has managed to hold its own over the past decade. It was worth 8% of the industry in 2005 and increased slightly to 9% in 2015.

Online poker seems to be losing popularity in Europe and it has had a very disappointing performance over the past decade. It contributed 23.4% to revenues from iGaming in 2005, but its contribution dropped to 13.4% in 2015.

European Market Expanding Steadily

The iGaming market in Europe is expanding at a steady pace on account on legalization and proper administration by various jurisdictions. The total European online gambling industry is currently worth a massive $87 billion, which makes it the biggest real-money internet gambling market in the world. It grows steadily at 3% per year, with a large number of operators catering to the needs of more than 6.8 million consumers.

Potential Growth Areas

While Europe leads the iGaming industry, other markets that are set to grow at a very fast pace include the United States, Russia, and India. There are many restrictions on online gaming in the United States, with only Nevada, Delaware, and New Jersey permitted to offer iGaming as of now. New Jersey gets the lions’ share of revenues from this market at 92% which is worth $148.8 million. Nevada is a far second with revenues of $10 million, and Delaware makes a negligible $1.81 million. Gambling is a heavily restricted activity in India and Russia, but there exists a highly receptive population in these countries. Overall, there is immense potential for the business to grow globally, but it will definitely take some time.