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Norwegian Central Bank challenges offshore gambling constraint

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The Norwegian Central Bank has questioned the country’s government’s recent decision to place a block on payments to offshore gambling companies. The government’s decision is viewed as yet another episode of the country’s  protective policy towards its gambling industry and the existing state monopoly in the industry,

The Norwegian Central Bank has sought clarity for the banking sector, underlining the concerns raised by many experts who suggested that these proposed regulations will be impossible to follow.

While Sweden has recently ended its state-run monopoly on gambling, Norway is still adamant in sticking to that approach.

In the past, countries with protectionist gambling sectors wanted to offer gambling only if they could put the revenues into socially responsible initiatives. They didn’t want foreign operators to take a large slice of the revenues out of the country.

However, with the popularity of the internet, it has become harder and harder to police in recent years because there are many ways in which Norwegian gamblers can use foreign operators. Therefore, the costs outweighed the rewards for countries like Sweden and, with significant sums being driven to offshore companies that weren’t paying taxes in Sweden, the time was right to end the state monopoly.

 It was only recently that the Norwegian government submitted new gambling regulations to the European Commissions, under which the country would maintain its monopoly system for years to come.

Additional measures will allow the country’s authorities to deal with illegal foreign operators targeting Norwegian residents. They give banks greater scope to block any payments offshore gambling operators, and the banks are urged to submit information to the NGA if they are asked for details about particular customers believed to be involved in unlicensed gambling.

DNS blocking would be brought in as part of these new measures to prevent people in Norway from even accessing gambling websites that are operated abroad, and the Gaming Authority would have the ability to look at every bank’s annual report to try and spot any suspicious transactions.

 

Source: vegasslotsonline.com


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George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Grace Media partners with IGP bingo brands in the UK

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Grace Media, the leading provider of white-label online gaming solutions, has partnered with Inter Group Partner Holding’s (IGP) bingo brands to deliver operational support across their UK portfolio.

The partnership will see Grace Media provide a range of solutions to IGP’s well-known UK-facing bingo brands, UK Bingo, Chitchat Bingo, Bogof Bingo, and Panda Bingo, the fastest-growing Bingo brand in the industry at the moment.

Grace Media will support the brands across CRM, compliance, payments, fraud protection and more, with a focus on enhancing the player experience and driving sustainable growth.

Lars Söderlund, Business Director and Co-Founder of IGP, said: “Partnering with Grace Media gives us access to a proven operational engine with the expertise to elevate our UK bingo portfolio. Their track record speaks for itself, and we’re looking forward to working closely with the Grace Media team to take these brands to the next level.”

Grace Media Head of Revenue and Partnerships Chris Prentice said: “It’s fantastic to be welcoming IGP to the Grace Media network. We’re all about providing the support operators need to thrive in the UK market, and we’re confident our model will help IGP’s brands unlock new opportunities over the coming months and years.”

In February, Grace Media strengthened its leadership team with four senior appointments, including industry veterans James Goodliffe and Frazer McNaughton, and internal promotions for Chris Prentice and Gary Barber.

The post Grace Media partners with IGP bingo brands in the UK appeared first on European Gaming Industry News.

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Evoplay releases explosive gameplay in Lava Burst

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Evoplay, the award-winning game development studio, has launched Lava Burst, a high-volatility slot packed with exciting features to boost player engagement.

Played on a 4×3 grid, the game’s core mechanics are the Bonus Game and Ultra Bonus Game. Both begin with three spins, and each new symbol that lands reset the counter. The round continues until all 12 positions are filled or no spins remain.
The Ultra Bonus Game guarantees activation of the Lava Burst feature, where one to twelve fire comets strike random cells on the reels. Each strike applies an x2 multiplier, which increases if the same position is hit more than once.

Supporting features include Mystic Symbols, which transform into another icon at the end of the Bonus or Ultra Bonus Game, and the Mystic Jackpot Symbol, which guarantees a Mini (25x), Minor (50x), or Major (100x) jackpot. The Grand jackpot (x1000) is awarded by collecting all 12 bonus symbols of any type.
The Black Hole collects the value of all previously landed Bonus symbols and jackpots, increasing the overall win potential.

All Coin symbols carry bet multipliers – Bonus Coins appear with values from x1 to x4, while Heavy Coins land only in the base game with higher values of x5 to x9. Heavy Coins remain locked on the reels until the Bonus or Ultra Bonus Game begins, unless the bet is changed. The Bonus Game is triggered by landing four symbols on the central line, initiating a round with three spins. Each new Bonus symbol resets the spin count, and winnings are awarded only in the Bonus or Ultra Bonus Game, where all landed Bonus symbol values are totalled at the end.
Lava Burst combines high-impact visuals with layered bonus features, offering operators a strong addition to their slot portfolios.

Ivan Kravchuk, CEO at Evoplay, said: “Lava Burst offers something fresh, with mechanics that keep players invested throughout the session.
“From the escalating multipliers to the strategic bonus features, we’ve created a slot that’s built for performance and player appeal.”

The post Evoplay releases explosive gameplay in Lava Burst appeared first on European Gaming Industry News.

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Relax Gaming plots the ultimate heist in latest release Cash in Transit

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Relax Gaming, the iGaming aggregator and supplier of unique content, is pulling off the ultimate heist for cash in its heart-racing new release Cash in Transit.

This highly volatile 5×4 slot sees players join a cunning gang of thieves in the City of London, attempting to commit the ultimate crime and get away with prizes worth up to 10,000x.

The action begins when three or more Bonus Symbols land, unlocking the game’s Bonus Reels. Players are awarded three respins, which reset with every new symbol that drops. As reels fill with loot, up to two additional reels can be unlocked, increasing the chances of landing valuable symbols and hitting big wins.

A range of criminally clever features can be triggered when special symbols such as the Cash Bag, Bag Man, Lock Smith, Gov’Nor, Pawn Broker, Detective and Constable land on the reels. Each symbol brings unique abilities to the chase, from revealing and collecting all visible values and amplifying symbol values to bringing non-persistent symbols to life again.

Persistent variants of these character symbols can appear, raising the stakes even more, triggering their abilities at the end of each spin and pushing players toward a genuinely successful heist.

Shelley Hannah, CPO at Relax Gaming, said: “Cash in Transit has all the makings of a legendary Relax Gaming slot. With a truly thrilling bonus reel mechanic that showcases a cunning gang of criminals, we think players will revel in the high-octane action and enjoy the engaging London heist theme with Bonus symbols and respins also up for grabs.”

The post Relax Gaming plots the ultimate heist in latest release Cash in Transit appeared first on European Gaming Industry News.

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