gambling games

The Venezuelan crisis spawns boom in gambling

Published

7 years ago

November 8, 2017

Players line up beside a small kiosk in a poor neighborhood to choose animals in a lottery game that has become a craze in Venezuela even as the oil-rich country suffers a fourth year of brutal recession.

It seems more and more Venezuelans are turning to gambling in their desperation to make ends meet amid the country’s unprecedented economic crisis.

Though more people lose than win overall, the illusion of a payday has become more alluring as Venezuelans endure the world’s highest inflation, shortages of basics from flour to car batteries, and diminished real-term wages.

Among multiple options from race courses to back-street betting parlors, the roulette-style “Los Animalitos” (or the Little Animals) is currently by far the most popular game on the street.

“Most people I see playing the lottery are unemployed, trying to make a bit extra this way because the payouts are good,” said Veruska Torres, 26, a nurse who recently lost her job in a pharmacy and now plays Animalitos every day.

Torres often plays more than a dozen times daily at the kiosk in Catia, spending between 5,000-10,000 bolivars, but sometimes making up to 50,000 or 60,000 bolivars in winnings – more than a quarter of the monthly minimum wage.

When that happens, she splits the money between buying food and diapers for her baby boy, and re-investing in the lottery.

The Animalitos game, whose results appear on YouTube at scheduled times, is hugely popular because it goes through various rounds, holding people’s interest, and provides more chances to win than most traditional betting options.

The cheapest ticket costs just 100 bolivars – a quarter of a U.S. cent at the black market currency rate, and more than 10 times less than that at the official exchange level.

“It helped me a lot,” said Eduardo Liendo, 63, of a timely win. He recently lost his house and lives in a car in Caracas’ Propatria neighborhood, but had a successful punt on the Animalitos, choosing the dog figure after his own had died.

There is no hard data on betting figures, and the government’s betting regulator did not answer requests from Reuters for information. But those behind Venezuela’s gambling businesses, run by a mixture of private companies and local regional authorities, said trade was booming, with lines longer and busier than ever – because of, not despite, the hard times.

“In a crisis like the one we’re going through, people drink and gamble more to escape from reality,” said psychologist Rosa Garcia from the rural state of Barinas.

The latest scarcity in Venezuela is cash – as authorities cannot produce enough notes to keep up with dizzying inflation – so many bars, shops and betting parlors have quickly switched from cash to electronic transactions to keep money flowing.

That has hit the Caracas hippodrome, where cash is still king. But thousands still go there at weekends, pushing against fences in front of the sand track to cheer their horse on as salsa music booms in the background.

George Miller

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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gambling games

The Best 11 Bingo Slots Online Products

Published

2 years ago

August 1, 2022

George Miller

If you like games of chance and luck bingo slots are most definitely for you. With new sites appearing constantly, users have a plethora of options to choose from. Therefore, we have compiled the top online bingo and slots that you can start having fun with. The top 11 slots of online products are given below:

Cyber Bingo
Bingo Fest
Cafe Casino
lv
mBit
Bingo Spirit
Cyber Spins
Ignition
BetUS
Vegas Crest
Lucky Tiger
Shazam

Cyber Bingo

It is the best online site as we go through it overall. Cyber Bingo is very supportive of its customers. Furthermore, it provides about 500% welcome bonuses to its customers. It also provides 24/7 customer support. Cyber Bingo combines all the best elements of the online bingo industry, whether you’ve played bingo for a while or are just starting started.

Bingo Fest

It is the best online tournament organizer. Bingo Fest is the only site that provides free 20 spins on sign-up. It provides 24/7 customer support. There is also 25% cash back on every withdrawal. Furthermore, it provides regular bingo tournaments for its customers.

Cafe Casino

It is another wonderful platform to enjoy a vast variety of Bingo slots. Cafe casino is mainly popular for its bonuses and range of Bingo slots. It’s bonuses are very attractive to newcomers.

Slots. Iv

It is the platform that provides mobile picking bingo that works online. Slot.Iv provides excellent mobile compatibility against other platforms. Furthermore, it gives 300% welcome bonuses. Slot.Iv is also the only site that provides hot drop jackpot games.

mBit

As the name shows, it is the best bitcoin bingo site. It welcome bonus is about 5 BTC. Furthermore, its extra interesting feature is that it provides live community chat.

BingoSpirit

This the only location where you can make your own unique bingo cards is on BingoSpirit. You can use any number to create your own unique bingo cards. Therefore, the possibilities are unlimited here.

Cyber spins

There are more than 500 Bingo games available to the players. All the slots that are present here are totally free. It was launched in the year 2020 and it possesses gaming concept software. Furthermore, it offers exceptional daily casino bonus offers, exclusive promotions and competitions, casino points, and bingo points.

Ignition

It is a mobile poker site with a smooth user interface. The poker software of Ignition has a number of features and customization options to enhance your online poker experience. Furthermore, they offer great Bingo slots, which is the highlighting feature here.

BetUS

A variety of well-known Bingo slots from Digital Gaming Solutions are available in the casino department of BetUS. Additionally, it provides fantastic daily bonus offers for casinos, exclusive contests and promotions, and especially bingo slots.

Vegas Crest

Almost every variety of Bingo slots are available at Vegas Crest Casino. It is a wonderful gaming platform for lovers of Bingo slots. Furthermore, it offers two deposit bonuses and free spins upon signing up.

Armenia

Armenian parliament adopts bill on gambling in the first reading

Published

7 years ago

January 19, 2018

George Miller

The Armenia National Assembly voted overwhelmingly to adopt the draft law on making amendments in the law on combating terrorism in the first reading at today’s sitting.

The parliament fully adopted the draft law on making amendments and supplements in the law on the “RA Investigative Committee” and the attached package of draft laws in the second reading with a vote of 85 for and 7 against.

The issue of adopting the draft law on making addendum to the Criminal Code initiated by MPs Karen Avagyan and Hrayr Tovmasyan in the second reading was also put up to voting.

The bill passed overwhelmingly the parliament’s second reading. In a speech ahead of the voting, Tsarukyan faction MP Naira Zohrabyan voiced the faction’s intention to support the bill in the second reading since the proposals submitted by the bloc over the measure had been accepted.

The Armenian parliament also overwhelmingly voted to adopt the draft law on making amendments and supplements in the law on energy and the attached bill package in the first reading.

The draft law on making amendments and supplements in the law on “Games of Chance, Online Games of Chance and Casinos” and the attached package passed the parliament’s first reading, receiving a total of 93 votes in favour.

The National Assembly also fully adopted the law on the Constitutional Court and the attached draft package in the second reading with 87 votes for and 7 against.

Source: panorama.am

EEG iGaming Directory

Play’n Go launches Mystery Joker 6000

Published

7 years ago

December 22, 2017

George Miller

Omni-channel slots specialist Play’n Go has reinvigorated the much-loved fruit slot in its latest title Mystery Joker 6000.

The three-wheel, five-payline game delivers the same classical symbols known to slots fans, with the introduction of the Joker symbol which triggers free spins and big wins on finding it.

When players land a Joker on a payline that runs across reels one and two, the third will re-spin while the rest are held, and if a third Joker is found, the innovative mystery wheel feature is triggered, potentially paying out up to 6000 times the current coin value.

Mystery Joker 6000 allows players to transfer winnings from the main game into the super meter mode, where bets cost double but wins even bigger, and with the mystery wheel even easier to find.

Landing three jokers randomly across the reels in the base game will pay out randomly up to 6000 times the coin value, with three on the one payline automatically awarding the full 6000 times to the player.

Significantly, super meter mode offers an RTP of over 100%, hugely attractive to players looking for consistent wins, and unique for what appears to be a traditional fruit slot.

Johan Törnqvist, chief executive officer of Play’n Go, said: “The traditional fruit slot has been a mainstay of the casino space for decades with players loving its simplicity and regular payouts.

“We’ve decided to add the Play’n Go creative touch to the classic and reinvigorate the genre for today’s player, and we’re sure they’ll enjoy Mystery Joker 6000’s much-improved gameplay.

“The Super Meter mode will offer players constant choice between big wins or potentially even greater ones should they feel lucky, particularly as the Mystery Wheel will come into play when finding just two Jokers.”

Mystery Joker 6000 marks Play’n Go’s final release of an award-winning year, which has seen it launch 60 new titles across various genres. It’s set to build on this in 2018, with a product roadmap in place that will see even more innovative and enjoyable slot releases.