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The Most Common Misconceptions About Online Casinos

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When compared to traditional land-based casinos, online casinos are a relatively new trend. While land-based casinos have been around for decades, online casinos just became popular some years back. Because of this, there are a lot of misunderstandings and misconceptions that many people hold about online casinos. Some of the most common misconceptions include:

They’re boring

This is a big misconception that is mostly held by people who haven’t played at an online casino. While online casinos do not have a physical location, this doesn’t mean that they are boring. In fact, they are far from that. They are fun, interesting, and as engaging as land-based casinos.

In fact, most online casinos have a wider selection of games for you to choose from than land-based casinos. There are many variations of games that you can find there and no matter your preferences, you are sure to find something to catch your attention. Many online casinos have more variations of games that you would find at land-based casinos, and this gives you a wide range of options.

The Sites Aren’t Secure

This is another genuine concern that a lot of people have about online casinos. They believe that the sites aren’t secure and are basically sitting ducks waiting to be hacked. While this misconception is understandable because nobody wants their data stolen from a website, it is a misconception.

This is because online casinos also do not want their data stolen by hackers and a hacked website also means that they can’t operate on the site, and this means that they go the extra mile to ensure that their site is safe from hackers.

Sites like Polskakasyno.com are completely safe and secure from hackers. You can trust that your information is safe.

The Games Are Rigged And You Can’t Win

This may be the biggest misconception about online casinos. Many people believe that online casinos are rigged and that no matter how well you play, or no matter how long you play, you can never win.

This is again, a false belief. The fact is that online casinos are regulated by the authorities, just like land-based casinos. This means that you have the same likelihood of winning in an online casino that you do in a physical casino. Not only are online casinos strictly regulated, but they are also licensed by the authority, and any foul play leaves them at a very high risk of losing their license, which is something that they would try to avoid at all costs. Online casinos aren’t rigged against the players because this is illegal.

You’ll Never Get Paid Real Money

Many people still have reservations about using the internet for financial transactions, so it is understandable that they also have this misconception about online casinos. However, this is also a false belief.

Online casinos are mandated by law to pay your winnings in real money. After all, you played the games with real money so it would be extremely illegal of them to try to pay you in anything but real money. Again, doing this will leave them at risk of losing their license, which would make them have to shut down operations, and you can be assured that they don’t want this.

Online Casinos Encourage Underage Gaming

This is a very valid concern and one that deserves to be addressed. Many people believe that minors will have access to online casinos, unlike land-based casinos where you may be asked to show proof of ID before being allowed to enter the casino.

While this concern is understandable, this is a false belief. This is because when signing up to the casino, you will be required to declare your age and sign a legally binding agreement saying that you are not a minor. Even if a minor manages to skirt this precaution, he would need to provide a means of identification before claiming his winnings.

If he is discovered to be underage, he will forfeit his winnings, and his profile will be deleted from the site. Because a minor can’t claim his winnings, he will be discouraged from playing casinos online since it’s pointless. So online casinos actually discourage underage gaming, rather than encourage it.

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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Meridianbet’s Largest Shareholder Aleksandar Milovanovic Completes $500,000 Cash-to-Equity Conversion Under Post-Closing Agreement with Parent Company

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Aleksandar Milovanović, founder and largest shareholder of Meridianbet, has completed a $500,000 cash-to-equity conversion under the Post-Closing Cash Consideration Conversion Agreement, as specified in the Eighth Amendment to the Amended and Restated Sale and Purchase Agreement with the parent company, Golden Matrix Group (GMGI).

The Eight Amendment was signed on August 29, 2025 and entered into force on September 9, 2025. The underlying SPA was signed June 27, 2023, and the acquisition closed on April 9, 2024 (effective April 1, 2024).

The conversion was executed in five scheduled tranches from September 9 to September 26, 2025.

With the final tranche today, the full $500,000 conversion is complete as agreed. These issuances were made as restricted shares pursuant to the SPA terms and do not affect the overall economics of the post-closing consideration.

The completion of the scheduled tranches converts cash obligations into equity as outlined in the agreement, without changing the overall post-closing economic terms. This process manages cash flow timing and maintains consistency with the agreed-upon shareholder structure.

 

About Meridianbet

Founded in 2001, Meridianbet Group is a well-established online sports betting and gaming group, licensed and currently operating in 18 jurisdictions across Europe, Africa, and South America. The Meridianbet Group’s successful business model utilizes proprietary technology and scalable systems, allowing it to operate in multiple countries and currencies with an omni-channel approach to markets, including retail, desktop online, and mobile. The Company is part of the Golden Matrix Group.

The post Meridianbet’s Largest Shareholder Aleksandar Milovanovic Completes $500,000 Cash-to-Equity Conversion Under Post-Closing Agreement with Parent Company appeared first on European Gaming Industry News.

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Spinmatic plays big in Greece with Pamestoixima

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Spinmatic, leading developer of premium casino games and part of Softquo Holding, is thrilled to announce a landmark partnership with OPAP and their flagship digital brand Pamestoixima, marking an incredible step forward in one of Europe’s hottest regulated markets – where we’ve already been making a strong impact.

With over 60 years of history, OPAP is one of the most established names in Europe. Through Pamestoixima, its renowned digital platform, OPAP has earned the trust of millions of players thanks to its reliability, cutting-edge features and strong commitment to responsible gaming. Basically: if you play in Greece, you know Pamestoixima.

So it was only natural for Spinmatic to join them. After months of building momentum in Greece with several operators, our top-performing games have now found their place at Pamestoixima.

“Partnering with OPAP and its brand Pamestoixima is not just a milestone for Spinmatic – it is a turning point for the Greek online gaming market. Together with the OPAP casino team, we are building a synergy that combines Spinmatic’s innovative, high-performing content with OPAP’s unrivalled market leadership and player trust. This is more than a go-live: it is the foundation of a shared journey, where both teams work as one to deliver excitement, responsible content and real value to the Greek gaming ecosystem.” Vassileios Efthymiou, Softquo’s Country Director for Greece.

IRRESISTIBLE CONTENT

This partnership is a powerful validation of our content and a unique opportunity to grow alongside one of Europe’s most influential operators. It places Spinmatic at the heart of Greece’s vibrant online gaming ecosystem, allowing us to strengthen our presence.

“This partnership with OPAP/Pamestoixima is a true validation of our strategic focus on delivering top-performing content tailored to local markets. We are confident that our locally-focused games, combined with OPAP/Pamestoixima’s unparalleled market leadership, will ensure a long-term winning experience for players. We are incredibly excited about the journey ahead.” Norbert Mathies, Spinmatic’s Managing Director.

So, what’s hitting Pamestoixima? Spinmatic’s hottest titles have finally joined one of the country’s biggest platforms. Think thrilling adventures, creative twists and non-stop entertainment – the kind of games already keeping players hooked elsewhere. Now it’s Pamestoixima’s turn.

The post Spinmatic plays big in Greece with Pamestoixima appeared first on European Gaming Industry News.

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SkillOnNet Celebrates 20 Years with Rebrand, New Unified Identity and Global Party Weekend

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Company united under the SkillOnNet umbrella in show of “unity, clarity and strength”

Global entertainment brand SkillOnNet is celebrating 20 years of innovation, growth and success with the launch of a rebranded website and logo and the unveiling of a bold new company identity.

A new corporate structure will bring together all areas of the business – SkillonNetOPS, SkillonNetMarketing, SkillonNetR&D, SkillonNetCORP, and SkillonNetGames – into one collaborative, unified organization under the SkillonNet umbrella, designed to drive sustainable growth across the company’s roster of B2C and partner brands.

The milestone was marked with a weekend of celebrations kicking off September 11, with international staff from across SkillOnNet’s offices flying to Limassol, Cyprus to join the festivities. Parties were held each evening over the weekend, with keynote speeches that reflected on the company’s journey, its future vision, and the strength of its employees.

“Today, we present our new company identity, which unites all of our offices under one strong, recognizable brand – a brand that reflects our culture: fun and passionate, but above all, one that unites us as a single, powerful team,” said Ohad Narkis, co-founder of SkillonNet’s flagship brand PlayOJO, adding that the change was about “unity, clarity, and strength reflecting internally within the organization as well as externally with partners and suppliers .”

“It helps us move faster, work smarter, and deliver our values: We’re experts in play, hands on, and always better together,” he added.

Founded in 2005 with a focus on online backgammon, SkillOnNet quickly pivoted into casino entertainment, laying the foundation for a platform that now powers some of the industry’s most successful brands, including PlayOJO, DrückGlück, BacanaPlay and Genting.

Today, the company holds more than a dozen local licenses across Europe, South America, and North America, and serves millions of players worldwide.

“We are now truly an entertainment company, with a proprietary technology and best of class operation serving millions – players who are, after our employees, our greatest asset,” Kfir Chervinski SkillOnNet Founder said; “As we celebrate 20 years in iGaming, this rebrand marks more than just a fresh identity – it’s a milestone that reflects who we are and where we’re headed. So, here’s to the next decade of growth, innovation, and delivering the best in play.”

The post SkillOnNet Celebrates 20 Years with Rebrand, New Unified Identity and Global Party Weekend appeared first on European Gaming Industry News.

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