Monthly Archives: September 2022

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3 Oaks Gaming, the fast-growing distributor of iGaming content, has continued with its international expansion after launching its games portfolio with European operatorFavbet.

Favbet, which is live across multiple European countries including the regulated markets of Ukraine and Romania, has enlisted the support of 3 Oaks ever-growing content portfolio to further enhance its online games offering.

3 Oaks has successfully delivered a wide range of iGaming titles to the operator, such as recent releasesAztec Fire, Lotus CharmandEggs of Gold,with a regular flow of new games to be added over the coming months.

In addition, Favbet will have access to the iGaming distributors array of promotional tools, including its network tournaments, which have been designed to complement the core slot experience and bring further engagement for operators.

This latest launch for 3 Oaks illustrates the growing appeal of its content offering with operators and content aggregation platforms across Europe and beyond. The company expects to secure additional commercial agreements over the coming months, as well as extend its international footprint with new supplier licences on the horizon.

Sebastian Damian, Managing Director of 3 Oaks Gaming,said: Launching with Favbet is fantastic news for us, ensuring our content reaches a wider audience given the operators impressive customer base.

The recent momentum were enjoying shows no sign of slowing down, with several operators across Europe and the rest of the world identifying our content as an effective way to elevate their digital casino offering. We look forward to announcing yet more commercial deals over the following months as we increase 3 Oaks presence within the global gaming industry.

Serhey Dzekunov,Chief Business Development OfficeratFavbet,said: Weve been hugely impressed with the quality of content that 3 Oaks Gaming provides and believe it complements our overall strategy of building our online casino portal.

Were thankful for the support of the 3 Oaks team and are excited to offer its immersive games collection to our players.

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KSA-commissioned Gambling Harm Research Programme to Begin This Year - European Gaming Industry News

Posted on: September 19, 2022, 06:58h.

Last updated on: September 19, 2022, 11:22h.

Those calling for gambling reform in the UK arent going to be happy with the latest development. As new Prime Minister Liz Truss continues to put her house in order, the long-anticipated update to the countrys gambling laws might never arrive.

The UK government spent the past few years reviewing and updating its gambling regulations. It was to present its gambling white paper a year ago before delaying its publication several times.

Eventually, it appeared as though the government would unveil its plans sometime this month. But that was before Boris Johnson handed over the keys to the castle to Truss. The Guardian reports that the government is scrapping a number of proposed legislative changes, one of which is gambling reform.

The media outlet confirmed that Truss and her new cabinet are dumping energy reform and a new bill of rights. At the same time, an online harms bill, animal welfare, and gambling reform could be coming off the table as well.

There had already been a feeling that gambling reform wasnt going to be a priority as the new government settles into place. Comments made by Truss as she continues to shake up the upper and lower ranks of the UKs legislative structure seem to reinforce that belief.

Governments role should not be to tell us what our tastes should be. Too often were hearing about not drinking too much, eating too many doughnuts, Truss said.

The Conservative Party leader doesnt want the government to be in charge of running peoples lives. She states that it is not responsible for telling everyone how to think or act, and opts for a softer approach to leading the country.

Truss will also reportedly scrap an obesity bill for the same reason. She may erase a ban on how stores can display sugary products, as well as reinstate advertising for junk food during the day. Currently, there is a prohibition on the advertising of certain products before 9 pm.

Undoubtedly, the legislative updates are going to cause friction. Another change thats sure to spark debate is the recent discussion about the removal of a cap on the amount of bonuses bankers can receive.

This is a recommendation of Chancellor Kwasi Kwarteng that has, reportedly, received support from Truss. The proposal, according to Kwarteng, is to ensure the UK can attract more talented financial banking experts.

These changes dont mean that reforms arent coming. For example, Truss scrapped the energy bill because of some of the language it included. At the same time, she announced that shes allocating 150 billion (US$170 billion) to address the UKs energy crisis.

What remains unclear is where the country is headed in terms of gambling reform. Even if it scraps the white paper, it isnt likely to drop the subject entirely. The Betting and Gaming Council didnt respond to a request for input.

Whats more likely, according to some, is a do-over from scratch that would include current analysis and research, along with more input from the gaming industry. Under voluntary responsible gambling programs, the self-governing ecosystem has reduced the percentage of problem gambling, according to the UK Gambling Commission.

The UKs gambling ecosystem, including casinos and sports betting venues, shut down on Monday in honor of the funeral of Queen Elizabeth II. Some venues, such as Grosvenor, will open in the evening.

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UK Gambling Reform Bill Reportedly On Its Way to the Trash Can - Casino.Org News

The Pennsylvania Gaming Control Board, which is responsible for regulating all gambling activities in the state, has reported on the total gaming revenue and the revenues across various forms of gambling in the state of Pennsylvania for the month of August.

In August, the total gaming revenue in the state of Pennsylvania coming from all forms of gambling including fantasy contests reached $425.4 million, which marked an increase of 4.24% in comparison to the same period last year when the total revenue was $408 million. However, if compared to the revenue of $429 million in July 2022, there was a slight decrease of under 1%.

These numbers cover various forms of gambling such as retail slot machines and table games, online gaming, sports betting, fantasy contests, and video gaming terminals.

The total tax revenue that was collected from all forms of gambling in August amounted to $175.3 million. In terms of total revenue for the month, Hollywood Casino at Penn National ended up at the top with $60.9 million, which was a 22.35% increase year-on-year.

Retail slots brought in the highest winnings this month of $201.3 million, however, when compared to August 2021, there was a decrease of 4.07% from the $209.8 million reported back then.

It must be noted that the number of slot machines number available to gamblers in Pennsylvania has decreased from 26,017 in August 2021, to 25,595 in August 2022. Slot machines brought in total tax revenue of $102.5 million in August.

In August the top performer for retail slot machines was Parx Casino, which collected revenue of $32.4 million. However, this amount was 10.69% lower than the $36.3 million the casino achieved during the same period last year.

The situation with retail table games was similar with a 9.11% decrease in revenue year on year from $86.3 million in August 2021, to $78.5 million in August 2022. The tax revenue from table games was $12.6 million this month.

For retail table games, Wind Creek Bethlehem ended up at the top of the chart with $17.8 million. Still, that was a decrease of 6.25% compared to the month of August last year.

Sports betting revenue enjoyed the highest year-on-year increase of 88.5% from $18 million in August 2021, to the impressive $34 million in August 2022. The total sports betting handle for the Pennsylvania state was $363 million.

The sportsbook that reported the highest revenue in August was Valley Forge Casino Resort with $13.6 million, which marked a whopping 308.96% increase year-on-year.

Revenue from iGaming tables also achieved astounding results by almost doubling year-on-year. Operators collected $28.7 million in August, which was an increase of 49.57% compared to the $19.2 million total in August last year.

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4.24% Year-On-Year Increase in August Gambling Revenue in Pennsylvania - GamblingNews.com

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3 Oaks Gaming, the fast-growing distributor of iGaming content, has continued with its international expansion after launching its games portfolio with European operatorFavbet.

Favbet, which is live across multiple European countries including the regulated markets of Ukraine and Romania, has enlisted the support of 3 Oaks ever-growing content portfolio to further enhance its online games offering.

3 Oaks has successfully delivered a wide range of iGaming titles to the operator, such as recent releasesAztec Fire, Lotus CharmandEggs of Gold,with a regular flow of new games to be added over the coming months.

In addition, Favbet will have access to the iGaming distributors array of promotional tools, including its network tournaments, which have been designed to complement the core slot experience and bring further engagement for operators.

This latest launch for 3 Oaks illustrates the growing appeal of its content offering with operators and content aggregation platforms across Europe and beyond. The company expects to secure additional commercial agreements over the coming months, as well as extend its international footprint with new supplier licences on the horizon.

Sebastian Damian, Managing Director of 3 Oaks Gaming,said: Launching with Favbet is fantastic news for us, ensuring our content reaches a wider audience given the operators impressive customer base.

The recent momentum were enjoying shows no sign of slowing down, with several operators across Europe and the rest of the world identifying our content as an effective way to elevate their digital casino offering. We look forward to announcing yet more commercial deals over the following months as we increase 3 Oaks presence within the global gaming industry.

Serhey Dzekunov,Chief Business Development OfficeratFavbet,said: Weve been hugely impressed with the quality of content that 3 Oaks Gaming provides and believe it complements our overall strategy of building our online casino portal.

Were thankful for the support of the 3 Oaks team and are excited to offer its immersive games collection to our players.

Related

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Casino Guru Invites You to Its Sustainable Gambling Gathering and The Casino Guru News Booth in Barcelona - European Gaming Industry News

As the widespread crackdown ordered by PM Hun Sen on Saturday- against illegal gambling in Cambodia continues, Phnom Penh authorities have revealed the scale of the crime blitz in the capital

Colonel San Sok Seiha, spokesman for the Phnom Penh Municipal Police, said that the Phnom Penh Municipal Unity Command cracked down on a total of 44 gambling offenses and arrested 91 people in local districts in Phnom Penh for 3 days from September 17-20.

The Colonel stated that The results of the crackdown on illegal gambling for 3 days from 17 to 20 September 2022 by 7 am, in accordance with the order of HE Khuong Sreng, Governor of Phnom Penh and His Excellency Lt. Gen. Thet, Deputy Commissioner and Commissioner of the Phnom Penh Municipal Police have launched a plan and set up a working group to crack down on illegal gambling for the past three days from the 17th to the 20th.

As of 7 am, 44 cases were cracked and 91 people were arrested.

He further stated that 29 Vietnamese lottery sites, 6 illegal cinemas, 4 online gambling sites, 1 poker site, 3 online cockfighting venues had been raided

The Phnom Penh raids follow earlier raids in Sihanoukville and Kandal provinces

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91 arrested and 44 locations raided in Phnom Penh illegal gambling crackdown - Khmer Times

The Spanish Digital Gaming Association (Jdigital) analyzed the second quarter report on the financial situation of online gaming in the country, published by the General Directorate of Gaming Regulation (DGOJ), and stated that its results "show the negative period that the industry is going through."

Jdigital's CEO, Jorge Hinojosa, said in a statement that "the latest results made public by the DGOJ are devastating." "The online gaming ecosystem in our country is losing appeal for operators due to the tougher restrictions it is experiencing. Companies in the sector feel that they do not have stable guarantees that allow them to grow in our country," he pointed out.

It should be noted that, according to the Q2 2022 report, Gross Gaming Revenue (GGR) was EUR 203.95 million, about $205.45 million. This amount represents a decrease of -0.29% compared to the previous quarter and a year-over-year decrease of -5.55%.

The report also detailed that the monthly average of active gaming accounts is 996,149, "which implies a decrease of -2.42% compared to the previous quarter and a positive annual variation of 0.3%". "The monthly average of new accounts is 146,057 users, with a quarterly decrease of -5.45% and -25.99% annual rate," the association added.

In this regard, Hinojosa stated that "the most worrying thing is that the decrease in the turnover of licensed operators opens the door to the growth of illegal gambling, exposing users to an unregulated and unprotected game."

Jdigital pointed out that the reported figures emphasize "the feeling of instability and uncertainty that already prevailed in the industry, especially after the approval of the Royal Decree on Commercial Communications of Gambling Activities," which prohibited the advertising of gambling past the early hours of the morning.

Despite this situation, the association pointed out that, "after a few months marked by a progressive slowdown in the gaming sector and facing a complex outlook for the coming months, the Association emphasizes its commitment to safe and responsible gaming and to promote a sustainable development of the industry."

Along these lines, Jdigital stressed that "the best ally for the DGOJ is the industry itself.""We believe that it is more necessary than ever to work together with the regulator to create a solid market that allows operators to grow and protects users, especially the most vulnerable," he concluded.

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Jdigital: "Spain's online gambling ecosystem is losing its appeal due to tougher restrictions" - Yogonet International

Week 2 of the regular season has arrived.

Everyone likes to make money, right? So before you sit down and take in the action this weekend, take a look at our gambling preview for Week 2. (All odds via DraftKings Sportsbook)

Let us know your best bet for this weeks action in the comments section.

Going back to the well here and betting on the Ravens for the second straight week. Baltimore handily took care of the Jets last week, covering the 6.5 and walking away with a 24-9 victory. This week they face a much bigger test as they host the 1-0 Miami Dolphins. While the Dolphins did beat New England last Sunday 20-7, they didnt look great doing it. Tua Tagovailoa was sacked three times and Miami managed just 2.8 YPC on the ground. This week, Tagovailoa and the Dolphins offense will struggle against a much more capable Ravens defense. Lamar Jackson tosses two touchdown passes and Baltimores defense picks off Tua twice, leading the Ravens to a six-point victory.

Betting on the Colts after they tied with the lowly Houston Texans last week may sound like a bad idea, but its important to not overreact to any outcome in Week 1. Indy outgained Houston in that game 517 to 299 and would have come away with a win if Rodrigo Blankenship didnt miss a game-winning field goal attempt. Matt Ryan looked much better in the second half, and Jonathan Taylor ran for 161 yards and averaged 5.2 Y/A. The Colts are simply a much better team than the Jaguars, and this is a prime spot for them to bounce back in a big way after a disappointing Week 1. Dont overreact to one game, take the Colts to cover the 3 on the road.

This is another game where not overreacting to Week 1 is important. The Packers got dominated by the Vikings last Sunday. Minnesota held Aaron Rodgers and the Green Bay offense in check and moved the ball fairly easily against the Packers highly-touted defense. The Packers need a win to get themselves back on track, and they have the perfect opponent coming into town in the Chicago Bears. Dating back to 2016, the Packers have won 11 of their last 12 games against the Bears. In their last four meetings, Green Bay has won by scores of 45 to 30, 24 to 14, 35 to 16, and 41 to 25. The Packers simply own the Bears and this is a perfect soft landing spot for Green Bay after the tough Week 1. Dont be scared off by the high spread, take the Packers to cover on Sunday night.

Were adding an extra team this week to our parlay to make it a four-teamer. The Browns, Rams, and Packers all have extremely favorable matchups at home this weekend. All three teams easily could cover their respective spreads and should have no problem winning the game outright. The Vikings are the tricky ones, but I like their matchup against the Eagles on Monday night. Philly gave up 35 points to the Lions last weekend, so Minnesota should keep things close.

While I dont have much confidence that the Cowboys can outright win this game, I do see them keeping it close in the first half. Dallas defense should be able to generate some pressure on Joe Burrow and potentially force him into an early turnover or two. Throughout the course of this game, the Bengals will show they are the better team and pull away, but the Cowboys keeping it competitive early on. Dallas covers the +5 in the first half but ultimately does not cover the +7.5 at the end of the game.

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NFL Week 2 gambling preview: Various game picks plus the Cowboys corner - Blogging The Boys

Through thousands of years of gambling history, realism mixed with gambling myths and facts, starting with a set of dice discovered in an Egyptian tomb from 3000 B.C. From gambling on the streets of Ancient Rome to 10th century Chinese card games. Along with the exponential growth of gambling brought on by contemporary technologies and low minimum deposit casino, wild hypotheses and casino myths have developed to keep up with the pace. Gamblings enigmatic atmosphere, created by the combination of skill and luck, provides the backdrop for several myths about gambling, some of which have a tenuous connection to truth and others which are the products of peoples wild imaginations. Many misconceptions about gambling contend that casinos exist only to defraud players of their real money, and some of these beliefs offer strategies for retaliation and boosting the players chances of success.

But the majority of casino myths simply ignore the fact that the RNG (Random Number Generator) used in the game, which is strictly regulated and frequently even promoted by the casinos, is the only factor that determines payout percentages.

Most people already have an opinion about gambling and casinos, and those attitudes are frequently shaped by myths rather than actual information, which is as important as future of crypto after ECSDA signing. Here are some of the most widespread misconceptions regarding gambling and casino software, along with reasons why they are untrue.

One persistent fallacy is that there are professionals out there who claim to have figured out the secret to roulette. The truth is that no one can foretell where a single ball will fall on a roulette wheel, much less the likelihood that a group of numbers will repeatedly appear at random times. Therefore, it is impossible to overcome the odds.

There are various reasons why people gamble:

Once this amusement becomes problematic, gambling, it becomes a problem. You should question yourself, Am I ok? if you find that you have gambled more money than you can afford to lose. If the response is no, you ought to seek assistance.

The following are some causes of gambling addiction:

Your addiction to gambling may have been brought on by another factor. The easiest method to resolve this issue is to consult a specialist or speak with others who are experiencing it, particularly if they have already found a solution.

Stress, despair, anxiety, and low self-esteem can all be consequences of problem gambling. The symptoms of problem gambling are the same as those of drug, alcohol, or nicotine addiction. The parts of our brain that produce dopamine, or the feel-good hormone, which makes us feel good, may be affected by gambling and it also comes out when you wonder if no deposit bonuses are that good. When our wager succeeds, the brain rewards you emotionally. You develop a gambling addiction as a result of this feeling.

When you start gambling compulsively, you can find that other things no longer make you happy. Although gambling addiction can emerge fast, your brain chemistry can be altered. All you need to do is consult a specialist and some close friends. Sometimes you might gamble too much, in which case it would be wise to schedule a few appointments with a psychologist or therapist.

The majority of gambling myths are mere superstitions. By merely expressing the obvious truth, we attempted to distinguish between casino myths and facts in this post. However, legends about casinos manipulating the odds, rigged games, and dishonest dealers still occasionally supplant common sense, particularly among players who have just experienced bad luck. So, if you were on a losing run, just leave the casino and stop believing in shady plots. It will be simpler for you to return the next time with more opportunities to win.

Now that weve dispelled many of these fallacies, its crucial to keep in mind that gambling is primarily based on luck, regardless of whether you want to play a pure game of chance or prefer to increase your odds by honing your gaming skills. Play responsibly, keep safe, and when your luck is bad, take a break till the next opportunity.

Disclaimer: This communication is for 18+ only. Gambling involves an element of financial risk and may be addictive. Please play responsibly and at your own risk. This post contains material that may or may not be legal in your country. Subject to applicable law.

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Myths and realities regarding gambling - Business Upturn