Monthly Archives: May 2024

The Massachusetts Gaming Commission is trying to get its arms around the technological future of gambling seeking bids for research into the potential impacts of iGaming and the use of artificial intelligence in the gaming industry.

Two requests for proposals rolled out this month as part of the gaming commissions research agenda. These research priorities, proposed by the Gaming Policy Advisory Council and approved by gaming commissioners, signal potential concerns and expectations for gamings evolution in the state with the commission in the paradoxical position of overseeing an increasingly expansive gambling universe in the state while grappling with the harms of the addictive products.

One RFP looks for an entity to conduct a study on the impact of iGaming on public health, with particular focus on comparison of participants with participants in other forms of gaming, comorbidity with problem gambling, and impacts on youth under the age of 25 in the Commonwealth.

Another considers current and future possible uses of artificial intelligence (AI) in the gaming industry, with a particular focus on marketing, player acquisition, and responsible gaming functionality/player health in the Commonwealth.

Both the iGaming and AI studies are budgeted for $75,000 smaller-scale projects when compared to other recent MassGaming studies that have landed in the $100,000 to $150,000 range.

Massachusetts is well into a statewide embrace of gambling, kicked off by casino legalization in 2011 under then-Gov. Deval Patrick and hitting a new scale with the Gov. Charlie Baker-backed push into legalized sports betting. Gov. Maura Healey has picked up the Baker baton in pushing for the state Lottery to include online, or iLottery, offerings supported by the House of Representatives but resisted for years by the state Senate.

As the industry sprawls, and concerns about the impacts of online offerings on young people grow with it, gaming regulators are hoping to get ahead of potential next waves. Of the iGaming bids, a MassGaming spokesperson on Wednesday said the study aims to evaluate the iGaming universe preemptively.

Sports wagering has grown significantly since 2018, Mark Vander Linden, director of research and responsible gaming for the commission, said in a public meeting last year, as the group discussed its research agenda going forward. iGaming also is gaining a foothold in the United States.

iGaming, as explained in the bid documents, is a separate issue from online sports betting. It includes digital variations of popular casino-style games or poker available through websites and mobile apps. Research on the subject is somewhat limited so far, the commission notes, with Rhode Island becoming the latest state to legalize iGaming as of 2023. Seven states allow iGaming generally, though Nevada only allows online poker.

Sports betting, but not other types of online gambling, is prohibited across state lines by the federal Wire Act. Politicians considering online gaming tend to express some unease with its potentially addictive appeal to younger people, and its adoption within states has been slow for those reasons, the bid document notes.

Site-based gambling as a part of the vacation, as part of the destination, is a very different thing from online, U.S. Sen. Elizabeth Warren said in 2019, and getting the appropriate restrictions in place so that children dont have access, so that people who have problems with gambling dont have access, are challenges that havent yet been addressed.

Vander Linden noted past research, which rolled out as sports betting looked increasingly likely to be legalized, included a number of studies focused on responsible gaming applied to the newly federally permitted industry.

It was helpful, he said of the research, and would have been perhaps even more helpful to the Commonwealth to have an early study on sports wagering dating back to 2018. This is sort of trying to get an understanding of iGaming and potential impacts in Massachusetts.

The artificial intelligence RFP also looks ahead, drawing on initial work done last year to shape the commissions approach to AI in gaming by engaging stakeholders on current and future uses of the technology to identify and address those most at-risk of problem gambling for good or ill.

So far, artificial intelligence is being considered or adopted within the gaming industry for purposes like responsible gambling, marketing, and fraud detection.

Researchers note that AI is not good or evil itself, it is the use we give to it that can harm or benefit users, the bid document notes. A thoughtful consideration of ethical issues is critical while considering implementation of this technology.

This article first appeared on CommonWealth Beacon and is republished here under a Creative Commons license.

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In his latest analysis, iGaming industry consultant Ron Mendelson, Fast Offshore, explores what the current online casino landscape looks like and the possibilities the Anjouan license offers those seeking to join the vertical.

In the online entertainment sector, one vertical is flourishing in particular: online gambling, casinos, and betting. With technological advancements and shifting regulations, the landscape for launching an online casino in 2024 demands careful consideration. Getting a license will be one of the first steps you take, and among the various choices, theAnjouan License stands out as a leading option for aspiring entrepreneurs.

The online casino market has experienced exponential growth in recent years, driven by convenience, accessibility, and technological advancements. With more players embracing online gaming, the demand for diverse and engaging platforms has soared. However, entering this sector requires meticulous planning and adherence to regulatory standards.

There are several reasons to consider opening a crypto casino in 2024here are just some of them.

Growing Popularity of Cryptocurrency: Cryptocurrencies have gained widespread acceptance and adoption, becoming a mainstream investment vehicle and medium of exchange. With increasing familiarity and trust in digital currencies, launching a crypto casino taps into a burgeoning market of crypto enthusiasts seeking innovative ways to utilise their assets.

Enhanced Security and Transparency: Blockchain technology, the foundation of cryptocurrencies, offers unparalleled security and transparency, mitigating risks associated with traditional payment methods. By leveraging blockchain for transactions and smart contracts, crypto casinos ensure fairness, anonymity, and immutability, creating trust among players.

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Lower Operational Costs and Higher Profit Margins: Crypto transactions bypass intermediaries such as banks and payment processors, reducing transaction fees and operational costs for casino operators. With lower overhead expenses and higher profit margins, launching a crypto casino offers a lucrative business opportunity in a competitive market.

Innovative Features and Opportunities: Cryptocurrency integration opens doors to innovative features such as provably fair gaming, decentralised autonomous organisations (DAOs), and tokenised incentives. By embracing blockchain technology and decentralised finance (DeFi) principles, crypto casinos can pioneer new gaming paradigms and capture market share through differentiation and innovation.

One of the primary considerations when launching an online casino is selecting the appropriate licensing jurisdiction. The license establishes the legality of the operation and influences factors such as credibility, player trust, and market reach. In 2024, the Anjouan License is a compelling choice among many different licensing options.

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The range of games offered by a casino is crucial. Innovate Change evaluates not only the quantity but also the quality of games available. This includes evaluating the variety of slot machines, table games, live dealer options, and other specialized games. The platform seeks partnerships with leading software providers to ensure that new casinos offer the latest and most advanced games.

Bonuses attract new players, but the appeal of these offers can be marred by unfair wagering requirements or hidden terms and conditions. Innovate Change scrutinizes bonus terms and conditions to make sure they are transparent and fair. This evaluation includes checking the wagering requirements, gaming restrictions, and expiration date of bonus offers to ensure that they are of real benefit to players.

Effective customer support shows the casinos commitment to meeting the needs of players. Innovate Change tests the responsiveness, availability and helpfulness of a casinos customer support team through multiple channels, including chat, email and phone. Casinos that offer detailed FAQs, troubleshooting guides, and proactive support receive high marks in Innovate Change reviews.

The efficiency and security of payment methods is paramount. Innovate Change examines the range of deposit and withdrawal options available at new casinos, evaluating transaction speeds, existing security measures, and overall user friendliness. This includes checking the availability of popular and reliable payment platforms, the transparency of any associated fees, and the casinos compliance with financial security regulations.

Finally, Innovate Change ensures that all recommended new casinos meet strict regulatory standards. This includes checking licenses, verifying independent auditing body certifications, and assessing the overall operational integrity of the casino. Only casinos that demonstrate a strong commitment to regulatory compliance, player safety and responsible gaming practices are considered.

New casinos are continuously pushing the envelope to captivate and retain players by offering an extensive and diverse range of gaming options, a trend closely monitored and analyzed by Innovate Change. When evaluating new casinos, Innovate Change pays particular attention to the variety and quality of games provided. These platforms often debut the latest video slots which feature cutting-edge graphics, complex narratives, and inventive bonus rounds designed to heighten player engagement.

Game Type

Innovate Change Insights

Video Slots

Advanced slots with engaging themes and innovative bonus features.

Innovate Change evaluates the diversity of themes, graphical quality, and creativity of bonus mechanics.

Table Games

Variants of classics like blackjack, roulette, and poker, each tailored to different player preferences.

Focuses on the range of variants offered, the fairness of the games, and the betting options available.

Live Dealer Games

Games streamed in real-time, offering interactions with live dealers and a real casino feel.

Assesses the quality of video streaming, variety of games available, and the interactivity features.

Specialty Games

Games such as bingo, scratch cards, and virtual sports, offering quick and diverse gaming experiences.

Evaluates the entertainment value, ease of play, and accessibility of these games for casual gamers.

VR Games

Interactive gaming experiences using virtual reality technology to enhance immersion.

Reviews the technological integration, user experience, and overall impact on player engagement.

Innovate Change stays at the forefront of online casino advancements by closely monitoring and analyzing new payment methods that enhance transaction convenience, security, and speed for players. As the online gambling industry evolves, these innovative payment solutions are critical in ensuring a seamless user experience. Heres an overview of new payment methods emerging in the market, as highlighted by Innovate Change:

Cryptocurrencies: Bitcoin, Ethereum, and Other Altcoins: Cryptocurrencies continue to gain popularity in online casinos due to their anonymity, low transaction fees, and fast processing times. Innovate Change evaluates casinos that offer crypto payments, focusing on the security of transactions and the ease of use for players.

E-Wallets: Revolut and Google Pay: Newer e-wallets like Revolut and expanded services like Google Pay are being adopted by online casinos for their efficiency and robust security measures. These platforms allow for quick deposits and withdrawals without sharing bank details with the casino.

Mobile Payment Solutions:Apple Pay and Boku: These mobile payment methods are recognized for their convenience, especially for on-the-go transactions via smartphones. Innovate Change reviews how well casinos integrate these solutions, ensuring they provide a secure, streamlined mobile payment process.

Instant Bank Transfers: Trustly and Zimpler: These allow for direct bank transfers that are almost instantaneous, a significant upgrade over traditional bank transfer methods. Casinos offering these options are assessed for integration efficiency and user satisfaction.

Prepaid Cards: Paysafes Updated Services: Innovate Change explores new features and services offered by Paysafe, a popular prepaid card solution, focusing on aspects like multi-currency support and reloadable options that enhance user flexibility.

Blockchain-Based Payments: Blockchain Direct Transfers: Some innovative casinos are beginning to implement direct blockchain payment systems, which promise enhanced security and transparency. Innovate Change assesses these systems for their reliability and practicality for everyday users.

Innovate Changes analysis of these payment methods includes not just their technological aspects but also their real-world applicability, focusing on factors like user-friendliness, security, and support provided by the casinos. This ensures that players are informed of the safest and most convenient payment options available, allowing them to choose new casinos that are at the cutting edge of financial technology.

Read this article:

Innovate Change Online Casino: Top List of Best New Online Casinos with Crypto Payment Method for 2024 - The Cryptonomist

The digital era has ushered in a revolutionary phase for casino entertainment in the United States, marked by the emergence of online casino game shows. This novel combination of internet technology and fascinating aspects of gaming brings about an entirely different form of entertainment that is interactive and realistic in nature. The rise of such gaming modality demonstrates a move towards more immersive, narrative-driven forms of web gambling as consumers seek out more engaging forms.

Multiple gambling shows have emerged among various other games played virtually, captivating their players by virtue of their unique formats and exciting gameplay. For example, Deal or No Deal sees players faced with mysterious boxes and strategic choices, mirroring the suspense of its television counterpart. Monopoly Live is a board game turned into a live interactive experience where viewers can watch the wheel go round, thus fortunes playing well in real time. Dream Catcher has a giant revolving wheel that offers simple yet thrilling winning opportunities at specified points.

Gonzos Treasure Hunt takes place on-screen, with treasure hunts that merge slot mechanics with the real-life show format. Mega Ball turns bingo-style gameplay into fast-paced excitement with lottery-like elements to keep participants on edge. Cash or Crash comes up with stakes in which high-flying balloons float into the sky, forcing one to either cash out or risk everything for greater rewards.

This information, enforced by the 50Casino team, a casino review hub in the USA, reveals how these games are designed to greatly appeal to customers. With their graphics being so enticing, interactive features, and life-changing payouts, these modalities of gambling completely redefine what it means to play and gamble on the internet.

Several platforms exist for those who want to explore this world packed with action; they are unique because they provide much variety along quality lines. BetMGM, PartyCasino, and Borgata are among the best gaming destinations. It is therefore possible to locate any winning choice on these platforms due to their large range of free spin options in that regard.

These platforms allow players from states where virtual gambling is legal to participate in games in a secure environment. The convenience of being able to play from home or while on the move, combined with the opportunity for significant winnings, makes online gambling an attractive form of fun and excitement. These sites are perfect for seasoned gamblers and novices alike due mainly to their user-friendly interfaces, high-end security features, and lucrative promotions.

Also, the future might see new game formats introduced that will challenge the boundaries of creativity and engagement. These advances will not only increase the diversity of game shows but also broaden their appeal, thus reinforcing this modality in the showbiz industry.

Its growing popularity in America is evidence of a larger movement towards immersive and interactive digital entertainment. BetMGM, PartyCasino, and Borgata are platforms through which players can access an unmatched range of options with possibilities for winnings as well as opportunities to be part of a dynamic form of entertainment.

The current changes taking place within this sector promise even better times ahead; they will push further the frontiers of what it is like to gamble on internet casinos. In the era where digital entertainment is at its zenith, online gambling games shows mark a turning point in interactive gaming culture, defined by innovation, community building, and fun.

Read this article:

The Evolution and Impact of Online Casino Game Shows in the United States - GameIndustry.com

Gambling revenue in New Jersey hiked 10.4% year-on-year to $510.9m (403.7m/470.6m) in April with increases across the igaming and sports betting segments more than offsetting a decline in the land-based market.

Total revenue was comfortably higher than $462.7m inApril last year. However, the figure fell 3.0% short of the $526.6m reported in New Jersey inMarch this year.

Beginning with land-based casino, this remains the primary source of gambling revenue in the Garden State. However, the $216.8m generated in April is 6.3% behind $231.5m last year.

Physical slot machine revenue declined by 6.4% to $158.8m while land-based table games revenue also fell 6.1% to $58.1m.

Turning to the igaming sector, the situation is very different. Revenue from all igaming in April hit $187.9m, up 18.2% year-on-year. This means igaming was only $28.9m behind the long-established land-based segment in April.

Some $185.6m of all igaming revenue was attributed to online slot games, with revenue here rising 18.5% to $185.6m. However, revenue from peer-to-peer poker slipped 0.5% to $2.3m.

As for individual operators. Golden Nugget leapt from third place to take top spot in New Jersey in April. Posting igaming revenue of $53.1m, this is 27.5% ahead of the previous year.

Resorts Digital retained second place with $47.5m, up 13.9% year-on-year. Borgata, which was top in March, followed in third on $44.1m, a rise of 2.2%.

Looking now to the sports betting market, revenue here jumped by 46.9% year-on-year to $106.2m. This is also 74.1% ahead of $61.0m in March this year.

The year-on-year revenue rise was helped by a 12.6% increase in handle, with this reaching $1.044bn in April. Player spend on online sports betting hit $1.01bn and retail sportsbooks $34.7m.

Meadowlands remains the runaway leader in the New Jersey sports betting market, posting $73.2m in revenue, up 92.2% on 2023. Meadowlands works with Flutter Entertainment-owned FanDuel.

Resorts Digital and partner DraftKings placed a distant second with $18.9m in revenue, down 6.6%. Borgata and BetMGM took third on $5.2m, a drop of 21.6%.

As for the year-to-date, total gambling revenue in New Jersey hit $2.06bn in the four months to the end of April. This is 14.4% more than in the same period last year.

Land-based revenue was down 1.6% at $872.9m, with declines across both slots and table games.

Igaming revenue was 21.1% higher at $750.7m, driven by a 21.5% rise in slots revenue to $741.3m. In contrast, peer-to-peer poker revenue declined 3.7% to $9.4m

As for sports betting, the four-month total hit $434.2m. This is up 48.6% from $292.3m in 2023, with players spending a total of $5.17bn in the process.

Link:

New Jersey gambling revenue up in April despite land-based decline - iGaming Business