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Casino.se Interview BOS Secretary General on the Future of Swedish Gambling

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Gustaf-Hoffstedt Casino.se Interview BOS Secretary General on the Future of Swedish GamblingReading Time: 1 minute

 

Gustaf Hoffstedt talks to Casino.se, one of Swedens largest online casino review sites, about the impact of new legislation on players

Sweden’s online gambling monopoly is set to undergo massive changes when legislation aimed at tackling unregulated online gambling goes into effect on January 1, 2019.

In store is a new licensing system meant to provide stronger protections for players, while essentially closing the country’s doors to unregulated and unlicensed gambling websites.

The state will also be able to “introduce a central self-exclusion system for players with gambling problems and addiction,” Gustaf Hoffstedt, BOS Secretary General, told online casino review site Casino.se in an exclusive interview this week.

While satisfied with the legislation’s current wording, Hoffstedt did admit work still needs to be done to benefit Swedish casino players. “Bonus rules need work in that the upcoming licensing scheme prohibits loyalty (VIP bonuses), and instead promotes offers for new account holders.”

Hoffstedt also predicted the consolidation of several gambling operators as of January 1st, and said he believes major sporting teams would likely take advantage of new sponsorship opportunities with gambling websites in Sweden.

For more information, read the full interview with Gustaf Hoffstedt.

 

About Casino.se: 

Casino.se was created and launched in 2004 as an in-depth casino magazine for people who love to play.  Since then, Casino.se has grown into one of Sweden’s largest online casino review websites, with more than 250 in-depth reviews and casino-related articles. Casino.se – We Know Casino!

About Gustaf Hoffstedt: 

Gustaf Hoffstedt has been General Secretary of the BOS (Industry Association for Online Games) since January 2015, and was previously a Member of Parliament (2010-2015). He has been actively advocating for the transition of the Swedish gambling market from a State monopoly, to a liberal regulated market.

 


Source: Latest News on European Gaming Media Network

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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How to Make SMS Casino Deposit?

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texting-1490691_1280 How to Make SMS Casino Deposit?
texting-1490691_1280-1 How to Make SMS Casino Deposit?Reading Time: 3 minutes

Mobile phones have become an irreplaceable part of our lives. Can we even imagine a life without them? In 1996, only 16% of households in the United Kingdom had a mobile phone, while in 2016 that number was 95%. Considering that nowadays most households have more than one smartphone, the numbers get even more impressive. Mobile phones affected not only our lifestyle, but many industries as well, and the casino industry is no exception. With the mobile casino industry on the rise, more and more players rely on a reliable sources of online gambling info to experience the thrill of a spinning roulette or the excitement of having the final hand in poker. This payment method is very convenient, safe and easy to use, so no wonder it is taking up the casino industry by the storm.

 

What is Pay by SMS? 

Pay by SMS is a payment method that is becoming widely accepted in online casinos. By sending an SMS from their mobile phones, players can deposit funds to their casino account, without using credit cards, eWallets or vouchers. The amount deposited is either deducted from their pay-as-you-go balance or added to their monthly bill.

How to Make a Deposit in a Pay by SMS Casino?

Casinos that accept Pay by SMS are widely present all over Ireland and the UK, as local teleoperators offer this service. In case your phone operator is not enabling you to make such a transaction, you can always use apps that act as a mobile payment method. Players who use apps will sometimes have to connect their credit card to the app as in most cases it won’t be possible to subtract the deposited amount from your phone.

Some of the popular apps used for SMS deposits are Boku, PayZone, Payforit, and Zimpler. Many of these apps are regulated by the FCA, so players shouldn’t have difficulties in finding a reliable app for smooth SMS transactions.

Step by Step SMS Deposit guide

Making a casino deposit via SMS can be significantly different than depositing by using traditional methods.

  • Find a casino. First and foremost, the player has to find an online casino that supports this payment method by taking a closer look at their banking section. Usually one can find out the accepted payment methods before the registration by checking the website for more details or by contacting customer support.
  • Choose the SMS payment method. Once you have registered with the online casino, go to the deposit section and find the method of your choice. Enter the amount you want to deposit.
  • Type your phone number. You will have to enter your phone number, and don’t even try to mess with other phone numbers, as the deposit won’t be successful.
  • Approve the transaction. This step may be different for different teleoperators or casinos. In most cases, you will have to enter a PIN, a code sent via SMS, or approve the transaction directly in the app.

This may seem complicated, but all the player has to do is follow the steps and not skip any of them.

Is Pay by SMS Safe and Reliable?

Pay by SMS is as reliable as any other online payment method. However, it tends to be a lot safer as you never have to give your credit card details to the third party. This is especially important for players who like to play with different casinos and try out new brands on the market. The only time one has to give credit card information is when funding the SMS pay app.

Pay by SMS is also very fast. The transactions are executed almost immediately. In comparison, the bank wire transfer may take up to 48 hours. Even though players might encounter some small fees when using pay by SMS, these are still not as high as with eWallets.

The only downside of pay by SMS is that players are not able to make a withdrawal by using this method. The main reason for this is that the technology used is simply not meant for receiving money. Most good online casinos will still offer a great number of safe alternatives that can be used to withdraw the winnings and enjoy.


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: How to Make SMS Casino Deposit?

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Colorado’S Sports Betting Industry Market Should Thrive When Games Are Back On

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Set to launch on May 1, Colorado could attract as much as $6 billion in sports bets annually, according to PlayColorado analysts

Colorado’s fledgling sports betting industry will eventually generate billions of dollars in bets annually, hundreds of millions in operator revenue, and tens of millions in tax revenue, according to estimates by PlayColorado.com, which researches and analyzes the state’s newly regulated sports betting market.

Despite the sports world being indefinitely shuttered in response to the COVID-19 pandemic, regulators are preparing for a May 1 launch of online and retail sports betting. When it does, Colorado will become the 18th state to have some form of legal sports betting. And the Centennial State has a bright future, capable at maturity of generating as much as $6 billion in sports bets annually, $400 million in gross operator revenue annually, and $40 million in annual tax revenue, according to PlayColorado projections.

“With a significant base of existing land-based casinos, a regulatory framework that will be attractive to operators, and one of the largest metropolitan markets in the country to draw from, Colorado is well-positioned to capitalize on sports betting,” said Dustin Gouker, chief analyst for PlayColorado.com. “But assuming the industry does launch on May 1, it will be doing so in unprecedented circumstances with almost no sports to wager on. There are some advantages to a forced soft opening, but it also means that it will be some time before we learn with confidence just how Colorado’s bettors will respond to legal sports betting.”

Colorado regulators have been deliberate in creating a regulatory framework for casinos, opting for a later start date to ensure that the state gets sports betting right. Its 10% tax on net revenue is comparable to some of the most successful sports betting markets. New Jersey, which is neck and neck with Nevada as the nation’s largest sports betting market, levies a 9.75% tax on revenue from retail sportsbooks and 13% on online sports betting revenue. Indiana, the No. 4 sports betting market in the U.S., taxes sports betting at a 9.5% rate.

In addition, Colorado has avoided some of the pitfalls of earlier adopters, such as imposing maximum bet limits, a decision state regulators left to operators.

“Colorado legislators and regulators have made many smart, measured decisions based on input from casinos, operators, and bettors, and that has led to the adoption of an excellent collection of rules and restrictions,” Gouker said. “They have also had the undeniable benefit of seeing what has worked in other states. Colorado’s methodical approach might have been frustrating to bettors by slowing the launch, but there is plenty to be encouraged about. Sports betting operators have inked partnerships and regulators are listening to stakeholders. That will serve Colorado well.”

Until the COVID-19 pandemic subsides, bettors will largely have to wait to wager on anything other than futures on pro sports and a handful of international sports.

In other states, legal online casino and poker wagering has meant millions in additional revenue for operators and states, helping to bolster bottom lines during a difficult time in the gaming industry.

“There is no question that the revenue from online casinos and poker rooms has helped operators in states such as New Jersey and Pennsylvania weather the shutdowns of land-based casinos and essentially all sports,” Gouker said. “Coloradoans will likely someday decide if and when the time is right to legalize online casino wagering. In the meantime, it has put the right framework in place for its sports betting industry to thrive once sports are played again.”

For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/news.


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: Colorado’S Sports Betting Industry Market Should Thrive When Games Are Back On

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Gaming Innovation Group – Publication of annual report postponed

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presentation-1454403_1280-1 Gaming Innovation Group – Publication of annual report postponedReading Time: < 1 minute

 

Gaming Innovation Group postpones the publication of the 2019 Annual Report from 7 April 2020 to 27 April 2020.

For further information, please contact:
Tore Formo, Group CFO
tore@gig.com, +47 91668678

This information is information that Gaming Innovation Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, at 17:30 CET on 6 April 2020.

About Gaming Innovation Group (GiG):
Gaming Innovation Group is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.


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: Gaming Innovation Group – Publication of annual report postponed

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