Connect with us
Atlaslive is a robust, scalable, and reliable igaming platform that supports the growth of our partners’ business by ensuring 99.9 percent uptime, one of the best in the industry.

Latest News

Game creators ‘likely to be considering seeking gambling licences’

Published

on

Reading Time: 3 minutes

 

Creators of games such as FIFA and Overwatch are more likely to seek gambling licenses and implement age restrictions than ditch controversial “loot boxes”, according to a gambling regulatory expert.

FIFA and Overwatch are among the high-profile games criticized for exposing children to gambling.

Anne Longfield, the Children’s Commissioner for England, has called for tighter legislation to protect online gamers as it is noted that some children are spending significant sums of money, sometimes without a parent’s or carer’s consent.

Loot boxes allow players to spend real money to unlock additional characters, equipment skins and/or in game gear. On some occasions, the “loot” may assist the player in advancing further into the game and at a faster rate.

One of the most famous examples is FIFA’s Ultimate Team, where users can pay for packs of players to improve their team. The packs are random and, therefore, akin to gambling.

Nick Wright, a gambling regulatory specialist with SolutionsHub, says game developers such as Electronic Arts, which makes FIFA, Star Wars Battlefront II, and Apex Legends, are likely to be considering obtaining gambling licenses.

He said: “The loot box system is incredibly valuable for these companies. FIFA Ultimate Team made up 16% of the EA’s business in the fiscal year 2017, 21% in 2018, and now 28% in 2019.

“Tighter regulation would slash revenue streams and cut profits and require developers to think of new ways to engage with and monetize, their players.

“Would they remove loot boxes? Probably not but they may need to think of ways to age verify games where loot boxes are involved.

“I would be stunned if some of these companies aren’t already considering obtaining gambling licenses and consolidation and partnerships with existing holders would likely allow them quicker access into regulated markets.”

Statistics state that nine out of 10 children play video games in the UK alone with some children already displaying concerns that the purchasing of loot boxes may be considered a form of gambling.

Mr. Wright said: “Many people may think that loot boxes are only a recent phenomenon. However, their history and roots can be traced all the way back to the early 1900s where decorative cards were placed in cigarette packs.

“More recently the silver collectible cards placed in packs of US Baseball cards saw sales top $1 Billion USD in the early 1990s before reducing to its current level of $200 Million USD today.”

“Fast forward to 2012 and loot boxes were more commonly found in video games such as FIFA and CS:GO before being more widely adopted in games such as Battlefront and Call of Duty. Income from the sale of Loot Boxes is a valuable product vertical for game studios with Blizzard alone reporting income of $1 Billion USD from Overwatch in 2017.”

So, when will developers need to get a gambling license? Not any time soon.

Mr Wright said: “In November 2018, UK Gambling Commission chief executive Neil McArthur,  reporting to a Department for Culture, Media and Sport select committee, said that while there aresignificant concernsabout children playing games which offer loot boxes then loot boxes themselves do not qualify as a form of gambling under current laws.

“It seems that Mrs. Longfield will need to make a case for the law to be changed before the current status quo can be changed. In the meantime, the UKGC, as well as other top-tier regulators, will no doubt be keeping a close eye on sector developments.”


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: Game creators ‘likely to be considering seeking gambling licences’

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.

Latest News

Dot Connections inks global aggregation deal with Funstar

Published

on

Reading Time: < 1 minute

 

Dot Connections, a fast-growing iGaming aggregator, has agreed a key content distribution partnership with Funstar to provide the studio’s creative games portfolio via its ACE platform.

As part of the deal, several games including latest release Midas Golden Touch 2, and favourites like the Esqueleto Explosivo series and Hot Potato, developed by Thunderkick, will be made available to the provider’s operator partners via a single-API.

Dot Connections’ proprietary ACE platform delivers top-ranking games content to more than 300 global operators, with the aggregator propelling clients to success in several of the world’s thriving markets.

This key collaboration marks significant growth for Dot Connections as it pursues further LatAm expansion and secures its position as a leader in games aggregation.

 

Cora Chen, COO at Dot Connections, said: “We are delighted to add 78 games to our ever-growing collection of creative content. As one of the biggest game aggregators in the market, we know our partners’ players will enjoy what they have to offer, making them an essential addition to any platform.”

John Bateson, Director at Funstar, said: “Dot Connections prides itself on gaming excellence which is why we are pleased to provide our games via their proprietary platform. We look forward to making our top-performing games available to their many operator partners in Asia, LatAm and beyond.”

The post Dot Connections inks global aggregation deal with Funstar appeared first on European Gaming Industry News.

Continue Reading

Latest News

Games Global and Nailed It! Games reveal swashbuckling adventure Riptide Pirates™

Published

on

Reading Time: 2 minutes

Games Global exclusive studio Nailed It! Games has unveiled its buccaneering new release Riptide Pirates™, featuring an exciting, interactive battleship bonus round.

The high-seas adventure tasks players with matching crewmates, anchors and compasses across the game’s 25 paylines to trigger Riptide Wild Stacks and the Pirate Bonus, leading to impressive wins worth up to 5,000x the bet.

Players can flood the reels with walking Riptide Wild Stacks by collecting Riptide symbols at the bottom of each reel. When enough symbols are collected, the reel will turn wild and make its way across the screen from left to right, forming winning combinations.

Any Pirate Bonus symbols that land on the reels during base gameplay are automatically collected, advancing the Bonus Booster progress bar by awarding additional cannons.

The innovative Pirate Bonus is triggered when three Pirate Bonus symbols land anywhere on the reels. A battle commences on a 10×10 grid with up to four active cannons, with each one having three chances to hit an enemy ship of different sizes.

Hitting treasure chests will award a bonus modifier, sinking small boats will award a multiplier win, and sinking galleons will trigger one of four lucrative local jackpots.

Riptide Pirates™ continues the feature-rich and mechanical ingenuity that Nailed It! Games has become synonymous with. This is evident in recent hits such as Cosmic Moon™, Rome Supermatch and Rainbow Burst™.

Paweł Piotrowski, co-founder of Nailed It! Games, said: “Riptide Pirates™ epitomises what we stand for as a provider. Its base game is filled with a variety of mechanics which work concurrently to deliver gameplay that will keep players entertained long after its initial release.

“The Pirate Bonus offers truly unique gameplay that sees traditional gameplay scrapped in favour of high-stakes ship battles with game-boosting modifiers. We are truly excited to see what treasures players uncover whilst enjoying this headline release.”

Andy Booth, Chief Product Officer at Games Global, added: “If there’s one thing we love at Games Global, it’s games that stand out from the crowd, and there’s no doubt that Riptide Pirates™ will fall into this category with its innovative bonus round. We thoroughly expect operators and players to love this innovative new title.”

The post Games Global and Nailed It! Games reveal swashbuckling adventure Riptide Pirates™ appeared first on European Gaming Industry News.

Continue Reading

Latest News

Reel in the prized catch of the day in 3 Oaks Gaming’s Fishin’ Bear

Published

on

Reading Time: 2 minutes

3 Oaks Gaming, an established distributor of iGaming content, has gone live with Fishin’ Bear, a vibrant slot showcasing a Free Spins round incorporating multiple features for an action-packed fishing expedition.

The jolly bear acts as a Wild during the gameplay and appears in the middle of the third reel only. When visible alongside Bonus symbols within all game modes, he activates the Collect feature and hooks in the cash values for a combined payout.

To unlock the Free Spins in this colourful 5×3 game, the singing bear Wild throws fish into two separate progress meters in the boat above the grid. A complete progress meter awards eight Free Spins, with both filled simultaneously delivering 16.

Once activated, the bear Wild is locked into the middle of the grid for the whole round and continues to collect Bonus symbols. The Fish Rewind Feature, available in this mode and the base game, makes a big splash by awarding up to a trio of jackpot symbols including the Grand version up to 1,000x, boosting win potential. The Sticky Fish Feature can also be activated during Free Spins as every Bonus symbol that lands on the fifth reel becomes sticky, with the value changing on every turn.

The Free Spins round can be purchased for x75 to transport players straight to the game’s centrepiece, with the number of spins awarded at random.

This newest release from 3 Oaks Gaming showcases the distributor’s versatility in creating dynamic and unique slots across of plethora of different mechanics.

Yuriy Muratov, CCO at 3 Oaks Gaming, said: “Fishin’ Bear is a release we are truly excited about, as the jolly bear becomes a player’s best friend, uncovering a selection of prizes thanks to a feature-rich Free Spins round.

“The thrilling gameplay backed with fun animations will resonate with our player base and prove to be an entertaining addition to our portfolio.”

The post Reel in the prized catch of the day in 3 Oaks Gaming’s Fishin’ Bear appeared first on European Gaming Industry News.

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.