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As Online Gambling Legalization Expands, So Do Scams and Regulatory Issues
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iovation research finds large rise in bonus abuse, credit card fraud and self-exclusion reports
iovation, a TransUnion company, today released its 2020 iGaming Report. Now in its fourth year, the report analyzes more than four billion global online gambling transactions iovation screened for fraud indicators over the past 15 years.
Among the findings, bonus abuse was the number one reported fraud by iovation’s iGaming customers for the third year in a row, rising 72% from 2018 to 2019 (pg. 10). Gambling bonuses often include giving a new player house money to gamble or existing customers incentives to play more. Bonus abusers then use multiple accounts with different email addresses in order to claim the same bonus sometimes hundreds of times, which is often against gambling operators’ terms.
“Deposit bonuses can be a valuable tool for attracting and retaining players,” said Greg Pierson, TransUnion’s senior vice president of business planning and development. “Unfortunately, a few bad apples can abuse otherwise effective programs to the point of eliminating all their value.”
Another key trend in the report was the rise in self-exclusion (pg. 12). iovation received over 363,000 reports of player self-exclusion in 2019, a 63% increase over 2018. Self-exclusion is when a player admits they have a gambling problem and tells an operator not to allow them to gamble. The operator is now legally obligated to ensure the player does not resume gambling activities. In many instances a self-excluded gambler tries to set up a new account, many times with the information of another family member, when they have a change of heart. Or fraudsters set up a new account using a stolen credit card, deposit funds using that card and then self-exclude before the chargeback – a forced transaction reversal initiated by the cardholder’s bank.
“When looking at devices and accounts associated with self-exclusion reports in 2019, we saw eight times (three million) the number of devices and three times (1.2 million) the number of accounts in comparison to reports of self-exclusion. This paints a clear picture that those who self-exclude are not always walking away,” said Angie White, iovation product marketing manager. “Having multiple devices and accounts linked to self-exclusion reports could point to a self-excluded player trying to use another device to set up a new account or something more problematic like a fraud ring.”
Other key findings in the report include:
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Credit Card Fraud Continues Climb: iovation iGaming customers reported a 37% growth in credit card fraud from 2018 to 2019. While operators look to stop credit card fraud, consumers expect reduced transaction reviews and unnecessary step-up authentication with their credit card transactions. (pg. 11)
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Significant Majority of Transactions go Mobile: 79% of all iGaming transactions came from mobile phones and tablets in 2019, an increase of 13% over 2018. It’s clear consumers expect a mobile-first experience. (pg. 6)
“Providing a secure and friction-right mobile experience to onboard new players has never been more important for competing effectively in the iGaming market with new countries and states seemingly legalizing online gambling every week,” said Pierson.
Download iovation’s 2020 iGaming Report. To discuss it in person Feb. 4-6, visit iovation at the ICE London gaming technology event, stand N9-500. For more details about the findings, register for the Feb. 19 2020 iGaming Report webinar.
About TransUnion (NYSE: TRU):
TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®
A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.
About iovation:
iovation, a TransUnion Company, was founded with a simple guiding mission: to make the Internet a safer place for people to conduct business. Since 2004, the company has been delivering against that goal, helping brands protect and engage their customers, and keeping them secure in the complex digital world. Armed with the world’s largest and most precise database of reputation insights and cryptographically secure multifactor authentication methods, iovation safeguards tens of millions of digital transactions each day.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: As Online Gambling Legalization Expands, So Do Scams and Regulatory Issues
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Booming Games turn up the power with Hot Charge
Play Booming Games’ electrifying new slot
Booming Games have been in electrifying form with a flurry of February releases, and brand new Hot Charge is the latest bright spark from the popular games provider.
This 5×3, 20-payline slot is guaranteed to generate plenty of excitement among Booming fans and all online casino players with its bright colours, buzzing soundtrack and big wins of up to 4,000x your bet.
The Hot Charge Feature is the first of the high-voltage features needed for high-powered wins. Charger symbols ignite the Hot Charge meter, revealing Random Wilds and Win Multipliers en route to a turbocharged 2,500x Grand Bonus.
Next up, 15 Charged Free Spins. Trigger these by landing a pair of scatter symbols on the reels – or spark them into life with the Buy option. Your call. Whatever you do, watch on as the meter jumps to the top like a bolt from the blue, unleashing wins with every single spin.
It’s big, it’s bright, it’s Booming – and it’s available to play from 27th February. As with all of the provider’s titles, Hot Charge has been certified for launch in core regulated markets including the UK, Sweden and all Malta jurisdictions.
Moritz Blume, Vice President of Product at Booming Games, said: “Hot Charge is the third Booming Games slot released this February, providing an electric end to the month. With its powerful look and powerful gameplay, it won’t come as a shock if — or when — Hot Charge becomes an instant classic.”
The post Booming Games turn up the power with Hot Charge appeared first on European Gaming Industry News.
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Enjoy a spellbinding slot sensation in Wizardz World by Swintt’s Elysium Studios
Enchanting new addition to the Elysium Studios – Driven by Swintt line-up puts light against dark in a magical adventure where nudging symbols can lead to huge wins
Prepare to enter a realm of magic and mystery in Wizardz World – a spellbinding new slot in the Elysium Studios – Driven by Swintt range where players will need to channel the power of water, earth and fire to conjure up maximum wins of up 1,090x their stake.
Again featuring the cutting-edge visuals and captivating animations that have become such a hallmark of Elysium Studios slots, Wizardz World depicts the battle for magical supremacy between two opposing factions – the wizards of the light and the wizards of the dark – and each spin can potentially contribute towards two progress bars that activate a powerful bonus round.
Appearing on the reels as stacked 1×3 symbols, each wizard will channel their energy into either the blue progress bar on the left or the green progress bar on the right whenever they fill an entire column, and a “nudge” feature can also push them into view if only two-reel spaces are covered.
Whenever one of the two progress bars has been successfully filled, players will be whisked away to a special feature where they’ll represent one of the two sides – blue for light, green for dark – in battle. Here, they’ll have to choose a wizard representing the element of water, earth or fire and will then be paired with a random opponent from the other side to decide who emerges victorious.
With water beating fire, earth beating water and fire beating earth, each round that players win will award a random multiplier, with a potentially unlimited number of rounds being played until their wizard is defeated – at which point a prize is awarded and they’re returned to the base game.
David Mann, Chief Executive Officer at Swintt, said: “Our Elysium Studios – Driven by Swintt line has consistently produced captivating, cutting-edge slots, and with its engaging theme, dramatic music and exciting bonus round, Wizardz World might just be the most spellbinding yet.
“Depicting the struggle for power between two opposing magical factions, players will need to decide whether they side with the forces of light or the forces of dark as they fill progress bars to trigger a unique battle feature. There they’ll have to harness the power of the elements to defeat their rivals and win huge multipliers, making it an enchanting slot that’s certain to be a huge hit.”
The post Enjoy a spellbinding slot sensation in Wizardz World by Swintt’s Elysium Studios appeared first on European Gaming Industry News.
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Trigger tasty wins in Vitamin Joy Hot from ICONIC21
In-demand provider adds another classic slot to its growing portfolio with players able to experience sizzling reels, juicy fruits and plenty of bonus action
ICONIC21 is promising a burst of flavour and a shot of good fortune in its latest slot release, Vitamin Joy Hot. This is a slot where the reels are sizzling, the fruits are juicy, and every spin is packed with excitement.
Vitamin Joy Hot turns up the heat with fiery animations and 27 ways to win. All players need to do is match the vibrant symbols across the reels and watch as the Wild boosts their chances of landing a super sweet reward.
Players will want to keep their eyes out for the Red Hot Seven. This is not just another symbol but rather a key to unlocking even bigger wins. With each combination, the energy builds and with a max Multiplier of 405x, the right mix of flavours can come together for a mouthwatering win.
The launch of Vitamin Joy Hot adds yet another title to ICONIC21’s slot portfolio, with the live casino provider having expanded into the vertical towards the end of last year as part of wider efforts to offer its operator partners a diversified range of games.
Edvardas Sadovskis, Chief Product Officer at ICONIC21, said: “Classic slots are always in high demand and in Vitamin Jot Hot, we have a thrilling title that delivers plenty of fiery gameplay and really tasty wins.
“Our slot content is already proving to hit the mark with players in markets across the world and the team has really cracked the code when it comes to combining great themes with action-packed gameplay.
“This release strengthens our slot offering alongside our award-winning portfolio of live games, positioning ICONIC21 as a must-have provider for operators looking to deliver engaging and entertaining experiences to their players.”
The post Trigger tasty wins in Vitamin Joy Hot from ICONIC21 appeared first on European Gaming Industry News.
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