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

Establishment of New Gambling Regulator in Singapore Faces Delays

Published

on

Reading Time: < 1 minute

 

The establishment of a new gambling regulator in Singapore has been delayed.

In July, the Ministry of Home Affairs (MHA) had said it wanted to launch a new gambling regulator, the Gambling Regulatory Authority (GRA), this year but Tan Tee How, Casino Regulatory Authority chairman says the schedule has been delayed.

He said the Covid-19 pandemic had made it difficult for the CRA officers to focus on creating the new regulator; a process that requires “intensive face-to-face discussions”. It is unknown if the new gambling regulator will finally be launched this year.

The proposed changes by the Ministry of Home Affairs included fines of up to $500,000 and seven years imprisonment for an operator of illegal gambling services.

Another amendment would allow physical social gambling among family and friends while online social gambling among families and friends would remain banned “due to the complexities of differentiation.”

The MHA also wants to introduce a prize cap of SGD100 (US$74) for mystery boxes, arcade games and claw machines arguing that this will be sufficient to address the inducement effect of high-value prizes, without increasing the regulatory burden on operators.

Singapore’s gambling regulation is currently supervised by various government agencies. Casino Regulatory Authority regulates the casinos, while MHA’s gaming regulatory agency regulates remote gambling services and fruit machines.

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.

Continue Reading
Advertisement


MARE BALTICUM Gaming & TECH Summit 2024
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

Play’n GO conduct an electrical revolution in Spark of Genius

Published

on

Reading Time: 2 minutes

 

Play’n GO pits Woodrow and Jačova against one another in a race against bolts in Spark of Genius.

Play’n GO has an extensive slot portfolio of over 300+ dynamic titles. With the newest addition to the slot roster, the iGaming titan once again channels innovation and quality game design with Spark of Genius.

In this dynamic 6×6 grid slot, players are transported to the dawn of the 20th century, where the clash between industry pioneers Maynard Woodrow and Tess Jačova ignites. Players will harness the power of Resonant Energy and Manifest Energy as these characters vie for dominance over the grid.

Players must the learn the abilities of Tess Jačova and Maynard Woodrow, opening gameplay advantages in the epic quest for scientific supremacy. With features like Gyrota and Relay – this slot’s home to thrilling spins and explosive wins.

This slot has features that’ll make any slot enthusiast’s hair stand on end. The abilities of our two scientists are vital for accessing the Bonus Round, where Tess introduces Gyrota and Dynamo, offering strategic symbol rotations and special connectors for increased winning potential.

Meanwhile, Maynard presents Relay and Overload, obliterating symbols and cascading disruptions. Maynard’s Empire Energy Spin boasts a 2×2 connector – potentially securing players up to 35 Free Spins with surging Win Multipliers.

Spark of Genius seamlessly blends historical rivalries with cutting-edge gameplay and our signature FuseWays mechanics drawing players into intrigue and excitement. Fans of science-driven and sci-fi slots like Dr Toonz and Fortune Rewind will feel right at home with this electrifying adventure.

Games Ambassador at Play’n GO, Magnus Wallentin said: “We’re excited for the fandom to experience the spectacle that is Spark of Genius. This title is a little different, because it uses real-world science to influence the grid slot setup, alongside our signature new mechanic FuseWays which is really cool and something we haven’t done before. From the powerful Empire Energy Spin to character-driven abilities, this slot’s got lots of dynamic quirks we’re sure fans will love.”

With unique abilities, an immersive historical setting and thrilling features – Spark of Genius promises an electrifying gaming experience like no other.

The post Play’n GO conduct an electrical revolution in Spark of Genius appeared first on European Gaming Industry News.

Continue Reading

Latest News

Raketech’s Board of Directors withdraws dividend proposal

Published

on

Reading Time: < 1 minute

 

After careful consideration and in order to best serve the business’s needs, increase the company’s long-term financial flexibility, and serve the long-term interests of both the company and its shareholders, the Raketech Board of Directors has decided to withdraw its previously announced proposal to the Annual General Meeting on 16 May 2024 to distribute dividends in 2024.

“In light of the revised full year guidance announced May 1, 2024, and our current financial obligation relating to the Casumba earnout, it is paramount that we prioritize the company’s financial flexibility. While we recognize the significance of dividends to shareholders, we believe that withdrawing the proposed dividend and increasing our financial flexibility is the right thing to do to ensure long-term sustained growth and value creation. This decision underscores Raketech’s commitment to prudent financial management and its focus on delivering sustainable growth and profitability. The company remains committed to delivering value to its shareholders and will continue to assess opportunities to enhance shareholder returns in a manner that aligns with its long-term strategic objectives,” says Ulrik Bengtsson, Chairman of the Board.

The post Raketech’s Board of Directors withdraws dividend proposal appeared first on European Gaming Industry News.

Continue Reading

Latest News

Former UEFA.com editor Eugene Ravdin launches weekly sports column on MightyTips.com

Published

on

Reading Time: 2 minutes

 

Former UEFA.com editor Eugene Ravdin has launched a weekly sports column on MightyTips.com, which will offer his thoughts and opinions on the latest developments in global sports.

MightyTips is proud to announce the launch of the weekly column, titled “The Ravdin Report”, from a seasoned sports media expert.

The column will feature weekly insights from the renowned sports journalist Eugene Ravdin, providing readers with his thoughts and views on sports, sports betting, and fantasy sports.

Additionally, publications will cover some of the biggest sports events and highlight prominent athletes across a diverse range of sports.

Eugene Ravdin is an experienced sports expert with decades of experience covering major sporting events.

Before joining MightyTips, he spent 19 years in various roles at UEFA.com, the UEFA official website. Most notably, as the Editor-in-Chief of the Russian-language editorial team.

During his time at one of the most recognisable organisations in association football, Eugene Ravdin covered a plethora of events and competitions from the men’s and women’s UEFA EUROs, through to the UEFA Champions League and UEFA Europa League finals.

Ravdin’s wealth of knowledge and experience has been bolstered over the years thanks to his journalistic avenues, where he has interviewed top-level sportspersons, such as Arsène Wenger and Guus Hiddink.

Eugene Ravdin, Communications and Marketing Manager at MightyTips, said, “I have spent almost all my professional career in the world of sports media, and have always been restricted by a certain topic or angle.

MightyTips offered me an engaging platform to write on with practically no boundaries. This is both challenging and inspiring, and I hope to give our readers a pinch of a personal take on a wide range of sports, competitions, and stars..

The Ravdin Report will provide insightful tips and opinions, which enhance the sports media and betting experience for MightyTips and its readers.

Not only will it cater to the interests of avid sports fans, but keep them updated with the latest news, analysis, and predictions of the sports world.

Users can expect a wide range of content in the new weekly sports column, including insights on football, basketball, boxing, and other sports.

You can check out the column over on MightyTips.com. Be sure to bookmark to get your dose of comprehensive coverage of the sports you love most.

 

The post Former UEFA.com editor Eugene Ravdin launches weekly sports column on MightyTips.com 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.