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The European Online Gambling Industry – Model of Growth
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With 2019 just underway, it’s a good time to reflect on what has transpired in the European online gambling industry over the last year. It’s also a good time to take a peek into the future.
Regulations
Throughout 2018, the online gambling industry saw a lot of expansion throughout parts of Europe where online gambling has been a fairly new form of legal adult entertainment. The industry has seen noticeable growth in countries like Sweden, Germany, and Spain. Now like their counterparts in the UK, residents in these and other European countries can enjoy access to the same kinds of free bets from an array of betting sites that are being offered by UK gambling websites.
It took some time to get the proper regulatory bodies in place, but everything seems to be moving forward at a swift pace. The institution of good legislation along with a growing interest in online gambling is enticing the world’s top online operators to open its door to a broader European base. All of these markets are proving to be highly profitable with the potential for more growth.
In the UK, the UK Gambling Commission is looking seriously at several changes. In the compliance area, operators and software developers are being pushed to strictly follow current regulations. In fact, the amount and number of fines have been expanding over the last couple of years. The Commission is also looking seriously at restricting the use of credit cards as a funding option with tighter controls over problem gambling being the driving force.
Technology
Europe, and specifically the UK, have become the testing grounds for many of the industry’s new technologies. Companies like Evolution Gaming, Microgaming and NetEnt are close to introducing games that feature virtual technology. This highly successful and amazing technology is what drove the video gaming industry to new heights in the last five years. All indications point to this technology having the same effect on the online gambling industry as well. It’s also noteworthy that video slots keep getting more exciting with more and better bells and whistles.
The industry is also looking at increased involvement in the cryptocurrency market. Blockchain technology and online gambling seem tailor-made for each other. The notion customers can move money quickly, efficiently, with minimal costs and with greater anonymity has great appeal for all concerned parties.
This Year and Forward
With the US and parts of Asia coming aboard with legalized online gambling, the industry is poised to continue growing by as much as 10% year-over-year in the next few years. This expansion is going to have a positive effect all over Europe and especially in the UK where new operators and software developers are joining the fray. The net result is going to be more online betting options, a move towards an exclusive mobile gambling environment, better games with more features and stronger regulations to keep rogue operators out of the industry.
The online gambling industry in Europe would appear to be nowhere near it’s potential, meaning there are many more bridges to cross.
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: The European Online Gambling Industry – Model of Growth
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ACR PRO AND AMBASSADOR MEET-UP GAME RETURNS FRIDAY, JANUARY 31ST AT ACR POKER
Challenge Chris Moneymaker and top ACR Pros at the virtual tables in the ultimate global poker community meet-up
Following the success of last year’s inaugural event, ACR Poker is thrilled to announce the return of its highly-anticipated ACR Pro and Ambassador Meet-Up Game on Friday, January 31st, offering poker fans and players the unique opportunity to connect with ACR Pros and Ambassadors for a fun and interactive experience that unites the global poker community.
The ACR Pro and Ambassador Meet-Up Game kicks off on Friday, January 31st, starting at 12pm PT / 3pm ET, and runs for two hours. Joining the action this year will be ACR Pros and Ambassadors Chris Moneymaker, Chris Moorman, Ebony Kenney, Rene Nezhoda, and others. Players of all levels will have the chance to test their skills against the poker pros at custom cash game tables, featuring a variety of stakes to suit everyone.
“Last year’s ACR Meet-Up Game was awesome, we had a lot of people from the stream coming on and playing with us,” said ACR Pro Chris Moneymaker. “I can’t wait to dive in again on January 31st, it’s a great way to bring the poker community together and connect with fans of ACR Poker.”
Playing alongside the poker pros is easy. On the day of the event, players can visit the social media pages of any ACR Pro or Ambassador to find passwords for the “ACR Pro and Ambassador” cash game tables in the ACR Poker client.
For those looking to battle it out against the pros, watch the action unfold or potentially win prizes, players can tune in to catch all the excitement online on ACR Poker’s Twitch channel, featuring commentary from Justin Kelly and other special poker guests.
For a recap of last year’s event and to learn more about January’s ACR Pro and Ambassador Meet-Up Game, visit the ACR Poker blog.
The post ACR PRO AND AMBASSADOR MEET-UP GAME RETURNS FRIDAY, JANUARY 31ST AT ACR POKER appeared first on European Gaming Industry News.
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IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension
International Game Technology PLC announced that its subsidiary, IGT Global Services Limited, has signed a seven-year contract with the Thuringian State Lottery (“LOTTO Thüringen”) in Germany to deploy its retail central system technology, Aurora™, and related software upgrades. The contract term will begin upon go-live of the new platform, planned for March 2026.
An integral part of OMNIA™, IGT’s player-centric, omnichannel solution for lotteries, Aurora helps drive lottery innovation and profitability. The platform will provide intuitive, user-friendly applications, tools and reporting capabilities which will handle all of LOTTO Thüringen’s transaction processing, game management and back-office operations.
“LOTTO Thüringen has relied on IGT’s versatile and strong-performing central system technology throughout the course of our decades-long relationship,” said Jochen Staschewski, LOTTO Thüringen Chief Executive Officer. “Upgrading our central retail system to IGT’s advanced platform and back-end software will enable us to streamline our business processes and continue operating with the highest levels of efficiency.”
“IGT’s retail central system incorporates a suite of flexible solutions designed to help manage, transform and further grow LOTTO Thüringen’s business,” said Jay Gendron, IGT Chief Operating Officer, Global Lottery. “With this long-term contract extension, LOTTO Thüringen is well-positioned to continue benefiting from IGT’s secure, responsible and modernized technology and software. Leveraging these best-in-class solutions will aid in the Lottery’s goals of supporting good causes throughout the state.”
The post IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension appeared first on European Gaming Industry News.
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Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot!
The new title from leading Spanish e-Gaming provider MGA Games is an innovative game with a truly original theme: a journey through carnival festivities filled with legendary creatures. Its design combines the excitement of street parties with the richness of mythological creatures from around the world, providing a totally unique experience.
This new casino slot features 25 paylines, with winning combinations paid from left to right. By landing 3 or more Scatter symbols, players gain access to the Free Spins screen, which includes an innovative prize system. Players can enjoy an accumulator feature and a final Super Respin spin that awards the accumulated winnings. It also includes Money and Collect symbols, which when combined offer an additional bonus prize.
Global Audience
By showcasing mythologies from all over the world, the game is set to appeal to a global audience, enhancing its market potential and attracting players from various countries. Its visual and auditory elements, featuring vibrant graphics and immersive music, will captivate players and deliver a fully immersive experience in a fantastic world.
In this new release, every spin of the reels will surprise players with its themed symbols. As if that weren’t enough, the game features an optional Buy Free Spins button, speeding up the path to big rewards. Mythical Legends Carnival will be available in all of Spain’s best online casinos starting February 3rd and across .com markets from January 27th.
The post Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot! appeared first on European Gaming Industry News.
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