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New statistics: the proportion of regulated gambling in the Swedish licensing system at a critically low level
The Swedish Trade Association for Online Gambling (BOS) today presents statistics for the proportion of regulated and unregulated gambling in Sweden, so-called channelization. BOS has had SKOP ( https://skop.se ) measure the channelization partly for all online gambling in Sweden, partly for individual product types, such as sports betting and online casino.
The report presented today shows that the channelization for the online gambling market as a whole is 77 percent. Sports betting has a channelization of 84 percent and online casino 72 percent.
The state’s goal with the gambling regulation is that at least 90 percent of Swedish consumers’ gambling shall be channelled to the Swedish license market, in which the Swedish Gambling Authority assigns gambling licenses and monitors the gambling market.
There is no doubt that the Swedish licensing system is in a serious situation. Far too much effort has been spent on the part of the state to force the licensed gambling companies to implement measures that have not been well received by gambling consumers. I’m thinking of things like Sweden’s de facto ban on bonuses and the ban on betting in lower football divisions. This has not been appreciated by the gambling community, around a quarter of whose gambling now leaks out of the licensing system into the unlicensed gambling market. In the unlicensed gambling market, both consumer protection and tax payments to the state are non-existent, says Gustaf Hoffstedt.
If we are to succeed in reversing this development, a shift in mentality on the part of the state is required, from hunting, fining and limiting the range of games for licensed gambling companies to hunting the unlicensed ones instead. As well as not regulating the licensed companies’ ability to retain gambling consumers on the licensed market. It is possible to reverse the trend, and from the industry’s side we are prepared to join hands with the state to achieve the goal of improved channelization in Sweden, Gustaf Hoffstedt concludes.
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BETBY TO POWER SOFTLABS’ ESPORTS PORTFOLIO WITH BETBY GAMES
BETBY, a leading sportsbook supplier, has announced a strategic partnership with iGaming provider Softlabs, in an agreement that will further increase the reach of its proprietary esports product. Through this partnership, BETBY’s award-winning esports solution, BETBY Games, will be made available to all operators on Softlabs’s partner network.
Softlabs will be seeking to to leverage the BETBY Games proven content that delivers fast-paced wagering action on a content lineup, which includes eSoccer, eBasketball, eFighting, eCricket, eShooter, eHorse Racing, eTennis, and eStreet Soccer. This will provide its partners with over 60 tournaments featuring over 350 markets, and 245,000 live matches per month.
“Softlabs has built a strong reputation in the industry and we are thrilled to join forces with them,” said Kirill Nekrasov, Head of BETBY Games. “This partnership allows us to extend the reach of BETBY Games and provide Softlabs with an even richer esports portfolio. Together, we’re pushing the boundaries of innovation in the esports betting landscape.”
Dmitrii Borodint, Chief Product Officer at Softlabs, commented: “Partnering with BETBY marks an exciting new chapter for us. The exceptional quality and variety of BETBY Games content will provide our clients and their players with a highly immersive and customizable esports experience, helping us to stand out in an increasingly competitive market.”
The post BETBY TO POWER SOFTLABS’ ESPORTS PORTFOLIO WITH BETBY GAMES appeared first on European Gaming Industry News.
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REEVO Announces Strategic Partnership with YEEBET Gaming
REEVO, a leading innovator in the iGaming industry, has announced a strategic partnership with YEEBET Gaming, a trailblazing game provider renowned for delivering cutting-edge, immersive entertainment experiences. This partnership marks a significant step forward in REEVO’s mission to connect players with world-class gaming content while providing unparalleled value to its partners.
“At YEEBET Live, our commitment to innovation and delivering the highest-quality iGaming experiences drives everything we do. Our partnership with REEVO is a testament to our shared vision of enhancing player journeys and redefining what online gaming can be. Together, we are setting a new benchmark for entertainment excellence,” said Michael Lee, Chief Executive Officer of YEEBET Live.
Through this partnership, YEEBET’s cutting-edge content will be seamlessly integrated into REEVO’s aggregation platform, offering operators a diverse and innovative portfolio designed to captivate players worldwide. This collaboration empowers both companies to leverage their unique strengths, driving the evolution of the iGaming landscape.
Daniel Cuc, Head of Account Management at REEVO, said: “Our collaboration with YEEBET aligns perfectly with REEVO’s vision of delivering extraordinary gaming experiences through innovation and creativity. By bringing YEEBET’s groundbreaking content to our platform, we are enabling our partners to offer players an experience that goes beyond expectations. This partnership is a bold step forward in shaping the future of iGaming, and we couldn’t be more excited about what lies ahead.”
The post REEVO Announces Strategic Partnership with YEEBET Gaming appeared first on European Gaming Industry News.
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Go on an intrepid slot adventure with Jenny Nevada and the Diamond Temple
Embrace the spirit of adventure in Jenny Nevada and the Diamond Temple, the latest slot from the in-demand content provider, Rival.
This is a game that will appeal to intrepid explorers, those willing to venture into the darkness to discover the glistening gems and potentially big wins that await.
Players join Jenny Nevada as she makes her way through the jungle to the Diamond Temple where they can claim some of her loot for themselves.
But there are plenty of surprises along the way, too. This includes Wild symbols that can appear on any base game spin and substitute for all other symbols to help form more win combos.
Jenny is the Scatter symbol and when 3, 4, or 5 land in the base game, players unlock a Free Spins frenzy with 10, 20, or 50 Free Games up for grabs..
But the most valuable diamonds and biggest wins are found deep within the temple, and this can only be reached by taking on the Temple Maze Bonus Round.
This sees players stack huge rewards as they uncover the treasure hidden throughout the temple.
For players who want to head straight to the action, there’s the option to Buy the Bonus and choose between Free Spins or the Temple Maze.
Jenny Nevada and the Diamond Temple quick stats:
Reels: 5 reels, 3 rows
RTP: 95.93%/94.75%/92.52%
Paylines: 20 ways
Volatility: Extreme
Bet range: $0.20 to $20
Max win: 10,004x
Ryan Maclean, Head of Games at Rival, said: “Jenny Nevada and the Diamond Temple takes players on a thrilling adventure in search of precious gems and big wins. Those who venture deep into the temple will find the greatest treasures and will be helped on their quest by some gripping bonus features.
“Wilds, Free Spins and the Temple Maze Bonus Round promise to get the adrenaline pumped with the extreme volatility bringing unprecedented anticipation to each.
“As will all Rival slots, Jenny Nevada and the Diamond Temple has been developed and produced to the highest standards, ensuring a quality player experience from the first game round to the last.”
The post Go on an intrepid slot adventure with Jenny Nevada and the Diamond Temple appeared first on European Gaming Industry News.
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