Category Archives: Online Gambling

Posted on: August 25, 2022, 10:35h.

Last updated on: August 25, 2022, 11:49h.

English Football League Championship soccer club Sunderland may be having second thoughts over its relationship with Spreadex, the financial trading and sports betting company. The company received a fine of 1.36 million (US$1.6 million) from the UK Gambling Commission (UKGC) over a number of failings.

The UKs gaming regulator hit the company with a fine for anti-money laundering (AML) and social responsibility failings. Its the latest in a constant stream of fines the UKGC has levied against gaming companies, including the record $21-million fine it recently gave to Entain.

The UKGC has stated on several occasions that its going to step up its efforts to ensure operators comply with regulations. Since the beginning of the year, it has dished out more than $28 million in penalties.

Spreadex became Sunderlands shirt sponsor in July. Long before that, beginning in June of last year, the UKGC had already begun looking into the company. What it found was a series of shortcomings that breached the regulators guidelines.

The company didnt have mechanisms in place to properly alert it if gamblers spent too much money in too short a time. In addition, it wasnt properly monitoring accounts to determine if there were signs of problem gambling.

One example the UKGC gave was a user who deposited 1.7 million (US$2 million) and lost a quarter of that in less than a month. If Spreadex had followed the UKGCs recommended guidelines, it would have placed a limit on the account. Instead, it only contacted the customer to inquire about the activity and didnt follow up with any additional protocols.

On another occasion, Spreadex configured a users account to alert the company if deposits exceeded 25K (US$29,520). The individual later increased the amount to 100K (US$118,130). Subsequently, Spreadex only relied on open-source data to determine if the increase was legitimate.

Another individual continued making deposits after raising flags. Spreadex asked the user to provide additional verification of financial solvency, but only received redacted bank statements in return. Despite a lingering degree of uncertainty, no one at the company pushed for more clarity.

In addition, there were repeated examples of failings tied to AML, with the company lax in maintaining its AML procedures. As such, the UKGC accused it of violating a number of regulatory statutes.

After the UKGC notified Spreadex of the violations, it immediately took corrective action, according to the UKGC. That pacified the regulator, which authorized it to make the payment to a socially responsible organization.

This is in accordance with the UKGCs framework on regulatory compliance. In some cases, settling violations results in a payment in lieu of the financial penalty the [UKGC] might otherwise impose for breach of a license condition. However, its still a fine, as its a form of punishment the operator must pay.

The UKGC has threatened to take a stricter approach to enforcement. The agencys CEO, Andrew Rhodes, has warned that continued violations are a sign that operators arent taking the regulator seriously enough.

Leanne Oxley, the UKGCs Director of Enforcement and Intelligence, hinted at this as well. In the announcement about Spreadexs fine, she commented that it is disappointing that the regulator continues to see violations of the same rules by different operators.

Originally posted here:

Online Gaming Operator Spreadex Fined Over $1.6M by the UKGC - Casino.Org News

Mobile phones have come a long way in20 years, and one of the definingmomentswas the development of the app. The first smartphone was released back in 1994 and was called the IBM Simon. It wasnt particularly user-friendly and didnt have any applications,butit quickly evolved. The first mobile app was Snake in 1997, available on the Nokia 6110. This pixelated snake moving around a screencaptivated a generation and sparked other kinds of games and apps over the following years.

Then, in 2007, we got our hands on the phone that changed everything the iPhone. By 2022, the phones in our hands are more potent than some computers and can do almost anything we want. Communication, work, shopping, and even health checkups can all be done via applications on the device. But they have also become integral in entertainment, particularlystreaming, games, and gambling- all of which can be accessed via apps or a progressive app from the browser.

The first online gambling sites were launched around the time of the first smartphones, butthe technology was not such that they could be combined or includedin an application. Online casino games were basic- video slots, card games, and lotto. The idea that you could play bingo games on your mobile, choosing from a range of different themed games with video, streaming, and even social aspects, would have been far beyond our comprehension back then. But this is the norm now, and many sites like Paddy Power offer a range of bingo and other gaming options on mobile.This has quite literally been a game changer for the tech sector, encompassing mobile companies, app developers, and gaming operators.

Over the last couple of years, smartphones have improved significantly. Their graphics are fast and crisp, they can handle big games and various kinds of apps, and they come with great sound cards and easy connection to high-speed internet. This has facilitated a greater interest in gambling and gaming from mobile, as it also offers superior levels of convenience as it can be done on the go.

Recent reports show that the mobile gambling sector could reach $154 billion by the end of the decade, growing at a CAGR of around 12.10%. A growth rate of this kind is very impressive, giving a boost to all of those currently working in the sector. This growth will be driven by a number of crucial factors, including further accessibility to high-quality smartphones, the 5G rollout, an increased number of payment methods, and better app technology. All of these factors lead to a more streamlined experience when interacting with mobiles, apps, and the services available.

Other drivers will include the mobilisation of new technologies, which will be integrated into the apps we use. For example, liver dealer games are gaining popularity with players as they increasingly seek interactive gambling experiences. These will become more prominent on mobile appsas our devices are more capable of managing live streams and high-quality graphics. Additionally, we can expect to see the integration of technologies such as VR and AR into mobile gambling experiences both in-app and out of the app. This kind of technology is now being applied to mobile games, bringing a whole new dimension to mobile gambling.

We can also expect to see the development of more progressive apps for online gambling, as well as standalone apps that are downloaded from the applicable app store. These, combined with developments in mobile and integrated payments, will make for a truly seamless experience. We may even see more integration with wearables that link to mobiles such as smartwatches and home assistants such as Alexa.

From the days of Snake to a future where live games, social gambling, and VR and AR are the norm, the world of mobile app-based entertainment has undoubtedly come a long way.

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How the use of mobile apps has transformed the online gambling industry | Apps - Telemedia Online

Online gaming is booming as players all around the world are logging on, and getting lucky, playing all of their favorite casino games online. For those of you out there that have yet to give online gambling a try, you may be surprised when you see how far online gaming has come in the last several years.

Online, the action is faster paced, the comps and player rewards are higher, and the game selection is massive!

Just about every game that you are going to play in a brick-and-mortar casino can be found online and if you arent playing online, you are missing out! Today, we are going to talk about one of the most popular casino games around, blackjack.

Blackjack has been a fan favorite in brick-and-mortar casinos for generations and online blackjack does a fantastic job of recreating a typical casino blackjack experience. When you are playing online, you dont have to worry about those pesky 6-5 games, as the payouts online are always going to be better than in live casinos, and 3-2 BJ is standard at most online casinos.

Massive Money Potential

The other thing that is going to be better online than live is the progressive blackjack payouts! These progressive blackjack payouts can get huge in a hurry online and you are going to want to take your shot at these jumbo payouts.

In this article, we are going to tell you why progressive blackjack is so popular online. But before we get too far into that, lets first take a look at what progressive blackjack is and how to play it!

Progressive blackjack is a catch-all term for any blackjack game that offers a progressive payout option. There are lots of different versions of progressive blackjack, and the specific bets are going to vary from casino to casino and table to table.

As a general rule, these progressive blackjack pools are based on a side bet, not your main blackjack bet. If you want a shot to win those big jackpots, you must bet the side bet, as you cant win if you arent betting at least the minimum.

These progressive blackjack jackpots have been known to grow well into six figures, as it is easy to find life-changing money for the top award. These massive payouts are particularly big online, as a percentage of every bet made goes directly to the progressive blackjack meter, and with the big player pools online, they grow much quicker than in a brick-and-mortar casino.

The first step that you have to take to play progressive blackjack, is to find a progressive blackjack game! I know this sounds silly, but if you are playing in a brick-and-mortar casino, you may not always be able to find progressive blackjack games available.

These progressive blackjack games are easy to find online though, and if you dont have a favorite online casino yet, make sure that you swing by TheSportsGeeks online blackjack sites page, where we bring our readers exclusive offers at all of the top online casinos. Here you will find sign-on bonuses, deposit matches, and more, and you dont want to miss out on the free cash!

Stay Informed

The next step to playing progressive blackjack, once you have found a game, is to understand the rules and betting requirements that it takes to win the top award. These are going to be different depending on where and which game you are playing. Make sure that you fully understand what the bet is, how much you have to bet to qualify to win, and what hands it takes to get paid.

The worst thing you can do when playing a progressive blackjack game is either not play the progressive side bet, or not bet enough on the progressive side bet to qualify to win. There are few feelings more painful than hitting a progressive blackjack jackpot, only to see that money slip out of your hands because you bet $1 on the side bet, and you needed to bet $5 to hit the top award.

Now that you know what progressive blackjack is and how to play it, we can ask the question, why is progressive blackjack so popular at online casinos? Lets look at some of the top reasons why below.

Not all progressive blackjack bets are alike. Some are based on how many cards it takes you to hit 21. Others are based on the rank and suit of your cards, and some of them even combine your cards with the dealers cards to make a hand worthy of a jackpot.

If you are visiting your local casino, you are lucky if you can find even one progressive blackjack game, let alone multiple options. But online, you are going to find several different progressive blackjack options, giving you the flexibility to find the game that is right for you. A big part of gambling is having fun, win or lose, and finding a game that you actually enjoy playing is a major advantage of playing progressive blackjack online.

When you start to understand how these progressive prize pools are built, you can quickly see why the progressive pools online are so much bigger than they are in a live casino. Every time a player bets on the progressive side bet, a percentage, usually about 10%, goes directly to the top award jackpot.

The more people play, the higher the jackpot gets!

We just talked about how there are more progressive options available online and that isnt just a variety of different bets, but also a significantly increased table count of each game. Instead of having 1 table of a specific blackjack progressive bet, online you will find a bunch of tables for each side bet option.

With so many tables running at the same time, you are going to notice that the progressive pools grow much faster online. It is always going to be a long shot to hit one of these monster payouts and when it comes to gambling, bigger is always better! That means that if you want the biggest progressive blackjack jackpots, you need to play online blackjack!

Online casinos dont have the overhead that brick-and-mortar casinos have to put up with. There are no dealers or pit bosses to pay, and there are no cards or chips to buy. This allows online casinos to offer much lower limits than an in-person casino can compete with.

For example, lets say that you are playing progressive blackjack on the Las Vegas Strip at Caesars Palace. Instead of having to play a minimum of $25 a hand to get in on the action at Caesars, in addition to whatever the minimum bet on the progressive side bet, online, you can play for as low as a single dollar.

The main attraction to a progressive blackjack game is the life-changing money that you stand to win if you hit it big, not the couple of bucks you might be wagering on the actual hand itself. With the lower limits online, you can stay in action longer, giving yourself a better chance to nail the progressive and get paid.

Throw in the fact that the jackpot is almost always going to be bigger online, for a smaller upfront bet, and it is a no-brainer to play your progressive blackjack online.

When you compare brick-and-mortar blackjack to online blackjack, the limits are lower, there are more games to choose from, and the jackpots are bigger online. If all of those reasons dont have you sold on online progressive blackjack yet, this one will, as the games are WAY faster online.

There are no cards to deal, decks to shuffle, or bets to manually pay online, as all of that happens in an instant. The action never stops online, which allows you to play significantly more hands per hour.

When you are chasing a jackpot payout, the name of the game is giving yourself the best chance to win and the best way to do that is to get in as many hands as you can. Think of it like buying lottery tickets.

The more tickets that you have, the better shot you have at winning. The more hands that you play, the better chance you have of changing your life you a jumbo payout playing progressive blackjack.

The final thing that we are going to talk about today isnt exclusive to online progressive blackjack, as the comps are going to be better online no matter which game you are playing. It used to be that if you were playing a table game in a casino for a couple of hours and asked the pit boss for a comp, they would happily hand over some freebies.

But those days are long gone now, as trying to get comped at a casino is like pulling teeth, as the casinos have really tightened up. That isnt the case online, as online casinos will gladly give you the world to capture your play in what is an increasingly competitive market.

Whether it is in the form of deposit bonuses, free bets, cash back, or recurring promotions, online casinos are always looking for new ways to give you credit for your play.

While brick-and-mortar casinos are looking for ways to nickel and dime every penny out of your pocket, online casinos are more focused on winning your long-term loyalty in what is sure to be an expanding market for years to come. Play your progressive blackjack online and reap all of the extra rewards!

So, why is progressive blackjack so popular online? Because it is better in just about every way when compared to a traditional brick-and-mortar casino! There are more games to choose from, bigger jackpots, faster play, lower limits, and much better comps!

If you havent given online progressive blackjack a shot, you really are missing out on a ton of fun and excitement, not to mention the shot at chasing life-changing money. And remember, you dont want to log on until you check out TheSportsGeeks online blackjack sites page, where we review all of the top online casinos, and give our readers exclusive sign-up offers! Thanks for reading and good luck playing online progressive blackjack!

Originally posted here:

Why is Progressive Blackjack So Popular at Online Casinos? - The Sports Geek

The New Jersey online casino market just expanded, as PlayStar Casino is now live in the Garden State. The states newest betting platform soft launched thanks to its partnership with the land-based Ocean Casino Resort in Atlantic City.

PlayStar Casino joins a very competitive NJ gambling market that already features 30 different active operators.

It is a solid starting point for PlayStar, though, as wagering in NJ doesnt appear to be slowing down. The state recorded almost $137 million in July revenue, approaching its monthly best of $140 million from this past March.

The online casino enters NJ with a huge variety of games, covering the needs of casino bettors of all kinds.

PlayStar Casino is now available for use in NJ. The operator recently got permission granted by the New Jersey Division of Gaming Enforcement to soft launch for testing.

The newest NJ online casino is making its US debut by way of Europe. It also intends to launch in the Pennsylvaniamarket in the near future, as well as other areas of the country.

While those in NJ already have lots of options, theres reason to be excited about the PlayStar addition. The online casino joins NJ equipped with several great partnerships that should help deliver another quality product in the state. In May, PlayStar teamed up with two notable content providers in order to assist in building a customer base in North America.

First, PlayStar announced a deal with Pariplay that allows the world leading aggregator and content provider to power its online casino. The new online casino utilizes Aspire Globals Pariplay Ltds Fusion platform. It includes game titles from the industrys top developers, along with a suite of back-office retention and conversion tools to enhance player value.

This agreement extends even further, giving PlayStar Casino access to Pariplays in-house development studio, Wizard Games. NJ bettors will likely have the ability to play popular titles such as the following:

PlayStars other new partnership is with Evolution. The well-respected company is one of the leaders in the online casino space in providing the new wave of live casino content.

The company just recently delivered its new Free Bet Blackjack to NJ online casinos this month, on top of plenty of othergame listings. Many of the top online casinos in the US showcase Evolution live dealer titles, including classic games like roulette, blackjack, baccarat, and various versions of video poker.

For those who havent tested out any of these yet, live dealer games give casino bettors a different online experience than most other games. With these titles, you interact with an actual dealer through a live stream whos using physical cards at the table.

Evolution uses its production studio in Atlantic City to offer all of these titles in real time. Outside of live dealer options, PlayStars agreement with Evolution also includes the service providers First Person RNG-based games.

Even though PlayStar is only starting to accept wagers in NJ, its soft launch contains lots of gaming options already. NJ players can take advantage of all of the standard casino titles, as well as much more. It carries titles from several of the worlds leading game creators, like IGT, Scientific Games, and NetEnt.

PlayStar Casino has 80 NJ online slots to pick from, in addition to 15 different Slingo titles, and a bunch of live dealer tables available.

Once it officially launches, bettors will likely get to experience an abundance of more games and other perks from PlayStar. It should provide weekly promotions and ways to cash in through its loyalty program.

Continued here:

PlayStar Casino Goes Live With Soft Launch In NJ Gambling Market - Play NJ

Sports betting in New York is enjoying a massive run. After launching in early 2022, the industry has generated more than $347 million in tax revenue for the Empire State.

This begs the question: Whats taking online casinos so long?

That query was addressed at Tuesdays Racing and Gaming Conference in Saratoga Springs, where a quartet of expert panelists weighed in. The consensus was that this process is a slow one, and once New York online casinos are green-lit, brick-and-mortar casinos should not panic.

Bills to legalize online gaming fizzled in 2022. However, at Tuesdays panel, Sen. Joe Addabbo seemed far from discouraged.

It was a good starting point, Addabbo said of the push that fell short this year. Unfortunately, we had a lot going on this past session with the downstate licenses and other issues. We basically ran out of time, but its okay.

Moderator Joseph Weinert, executive vice president of the Spectrum Gaming Group, followed up by asking about the tax rate for online casinos. Online sportsbooks in New York are subject to a 51% tax rate. Addabbo, however, mentioned a number thats considerably lower.

I believe its 25% with a $2 million license fee, he said. I think thats competitive, not taxed on promotional play. To start with, I think its a good bill.

When addressing the delay, Howard Glaser of Light & Wonder said some may have had irrational expectations:

I think theres been some degree of what Id think of as mass self-delusion in the gaming industry among gaming analysts who tend to talk to each other. Their assumption was, get sports betting, move that along, its got more popular support and then iGaming will follow without having to do a lot. Therefore, we as an industry didnt do a lot.

Much attention focused on the potential impact of NY online casinos on brick-and-mortar facilities. With the ability to play legal casino games from home, some may reason that in-person operations may take a hit.

However, data shown at the panel discussion shows that isnt the case. The event kicked off with a discussion of New Jerseys online casino business. While online revenue has increased, brick-and-mortar establishments are reporting no drop-off, on the whole.

What weve seen, time and again, is that iGaming does not cannibalize retail casino revenue, Weinert said in his opening remarks. There may be some things that have stunted some growth, but theyve proven theyre compatible.

John Pappas of iDEA Growth said operators would be rewarded for pushing sports betting as a gateway to legal, regulated online casinos. In fact, Bill Pascrell III of Princeton Public Affairs Group toldPlayNY in June that adding NY online casinos would actually benefit New York sports betting.

If you have legalized sports betting and you dont have iGaming, youve put your sports industry at a distinct competitive disadvantage with the illegal market. I listen to sports-driven podcasts, and you hear a lot of advertising from offshore sportsbooks. Theyre not just talking about sportsbooks. Theyre also talking about their digital casinos. The offshore industry recognizes sports betting is an acquisition tool to get people involved with casino.

During the panel discussion, Glaser referenced a study his firm conducted on the potential of iGaming on various states around the country. Assuming 20% tax rates, the study showed online casinos presented $5 billion of possible tax revenue for state governments.

We did this analysis for every state that currently has land-based gaming, Glaser explained. We utilized the existing performance of iGaming states to see how they performed, and we applied that, in effect, to the population of adults in other states.

He added that a number of states could soon legalize online casinos within the next several years.

There are likely, I think, over a 36 to 48-month period, there are 10 to 12 states that are likely to advance, he said. I have a high confidence level that, during that period, that six or seven of those states would move (to legalization).

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How Online Casinos Will Impact NY Gambling Industry - Play NY

Technology has made huge strides in recent years, and we could use a steady stream of new tools and services. These days, we have access to them with just a few keystrokes. Some of the most popular are online casinos and cryptocurrencies, and thats what we will talk about.

Lets start with what a crypto casino is. This is an online gambling platform that allows you to make deposits and withdrawals in one or more cryptocurrencies. It supports payment in cryptocurrency and can be considered a Bitcoin casino.

The fact is that cryptocurrency is something more and more people want to do, and there are many reasons for this. Especially when playing at an online casino, cryptocurrency offers several important factors that make it a very popular payment method. New currencies are also often introduced on a lot of gambling sites. One of the most popular ones is BTC.

The methods of storing Bitcoin vary depending on the technique chosen. Cold wallets are better for investing. The cryptocurrency may be stored on a computer or flash drive. Plus, no one can take Bitcoin unless they have direct access to it.

Visit the bitcoin gambling guide to find out more information on this topic. The review provides all the needed details on how to play, deposit, and withdraw using crypto.

The operation of a blockchain casino is based on a smart contract. It is a digital protocol, the purpose of which is to transfer information and ensure that the established terms of the agreement are enforced.

In other words, it is a program that performs certain actions when specified conditions are met. A contract provides players with a payout in the event of a win. How it works:

Bitcoin casinos have several benefits over traditional online casinos:

At the same time, cryptocurrency casinos are a rather new phenomenon, with many of the organizational concerns around their operations remaining unresolved. Furthermore, Bitcoin casinos are not always licensed. They often exclusively provide their games designed particularly for them and cannot always brag about diversity.

Most gambling sites that use cryptocurrency provide new players with welcome incentives. They are not standardized, which means that each platform has its own set of rules and restrictions. Therefore, it is always a good idea to read the terms and conditions of a deposit bonus.

Our guide is made up of the most basic provisions that a novice gambler needs to know and take into account. And remember the most important rule: do not be afraid to take risks, and then success will come to you. But always think over and consider everything before making a decision.

Photo credit: The feature image has been done by Vitalik Radko.

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Crypto Market and Online Gambling Guide - TechAcute

In the digital age, financial technology, or fintech, is the most important thing for every business. The pressure to improve the customer experience and keep doing so has made the market competitive. This means that consumers or users now have more options than ever before and can expect high-quality services on any platform they choose.

Unsurprisingly, the iGaming industry has welcomed developments in the payments and financial sectors. After all, online gambling relies on secure payment methods.

There are no side features of smooth transaction methods where players can deposit money, withdraw their earnings, and get their casino bonus on online gambling sites. It now defines the modern online casino.

Lets look at several ways that fintech has changed the iGaming industry.

Smartphones and tablets are heavily used worldwide. Moreover, these inexpensive communication devices double as entertainment tools. Powerful handhelds have several uses, including mobile gaming.

Other areas that improved were mobile banking and payments. Mobile payment applications have increased significantly during the last ten years.

In addition to more recent apps like Venmo and CashApp, there are also older programs like PayPal that have been present since the internets existence.

When picking a casino payment option, most gamblers consider several aspects. Mobile compatibility became their top priority.

Now gamblers may play on the go and conveniently deposit and withdraw money from online casino accounts.

The ability to swiftly deposit and withdraw is always a plus. However, many old payment methods dominating the industry have demanded hefty transaction fees, hurting both players and casino owners.

Its changed, fortunately. First, e-wallets like PayPal demonstrated whats possible. Then, cryptocurrencies and blockchain later changed transaction costs in unprecedented ways. These technologies boosted transaction efficiency while reducing costs.

Beyond that, blockchain and cryptocurrency impacted more than online gamingtheyve created new online casinos. Finding a blockchain-based online casino is effortless these days. These sites offer all the benefits of regular online casinos plus provably fair online casino games. These sites also showed users how it feels like to use crypto.

Gamblers value privacy, cost-effective transactions, and fairness. Due to privacy concerns, many people avoid online gaming. This is reasonable because many online casinos ask for personal information, especially if youre betting real money.

Fortunately, fintech solutions like E-wallets and digital currency may have overcome this difficulty. Theyve done this by limiting or removing online gamers need to disclose personal information. This gives clients peace of mind as their data was never handed out, making their gambling private.

However, concerns have been raised about fraud and underage gaming. Gambling authorities and operators are attempting to protect users more effectively. This is where machine learning and AI came to help spot suspicious behaviors.

So, what will happen to the old means of making a transaction with all the modern fintech? They need to change to keep up with the fast-paced, technology-driven world.

Many of the payment methods that used to be the most popular have become obsolete. High-security checks and wire transfers are now irrelevant in the digital world. After all, theyre slow and dont give the convenience of new fintech payment methods for modern gamblers.

But its not all bad. Some outdated payment methods are still used because theyve adapted to new technologies. Most online casinos still accept debit and credit cards.

Most online casinos are still accepting Visa, MasterCard, and Amex. They have reasonable transaction fees, decent processing speeds, and world-class security. However, they cant offer anonymity and are still expensive compared to e-wallets and cryptocurrency.

Many gamblers still use other alternatives such as electronic checks (e-checks) and gift cards. This is especially true for older ones who want to stick with what they know and can trust. They may have some limits, but in the end, they work based on what users are willing to give up.

Technology improves every day. These changes will likely affect the payments and financial industries, so gamblers and online gambling operators must be ready. Some changes will happen slowly, while others will happen quickly.

As the market becomes more competitive, its clear that there are many things to look forward to. Most new and upcoming payment methods are designed based on the consumers needs. This means that anyone can access them, and they are trustworthy. We expect that even the old payment service providers will eventually change how they do business.

For instance, many large organizations have been eager to use blockchain and cryptocurrency. But thats only the beginning. A lot more is on the way, and we cant wait to discover how this helps the gamers and the online gambling industry.

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How Fin-Tech Improves the Quality of the Online Gambling Industry - Intelligent Living

It is no longer news that crypto is todays face of online gambling. Unlike in the past, businesses now utilize these digital currencies for a faster payment experience and a higher investment potential. The fastest withdrawal online casino in Canada and other regions uses cryptocurrencies as their selling point, offering instant withdrawal and zero to little charges. Thus, players can cash out their full winnings and evade the huge percentage fees in most standard banking options. With that in mind, cryptocurrencies present numerous investment opportunities to individuals and businesses; they are also available in almost every online business dealing with payments.

Thus far, online casinos now accept cryptocurrencies like Bitcoin, Litecoin, and Ethereum for both withdrawals and deposits. In Canada and other world regions, these crypto casinos are already in huge numbers and keep growing by the day.

Let us take a quick look at how withdrawing into cryptocurrencies can help increase your online casino winning potential.

There are many reasons that cryptos keep blowing up, and this is due to their global acceptance and finite supply. Whether a beginner or an experienced gambler, withdrawing in digital currencies will allow for greater profit, as these currencies come with many benefits.

Below are some reasons why you should cash out casino winnings in crypto, especially as a player in Canada.

Casino withdrawals are pretty complex in some cases. Moreover, some withdrawal options feature high fees and withdrawal charges. Thus, players do not often receive full winnings when using specific fiat withdrawal methods. However, the case is different for cryptocurrencies, as players have access to low withdrawal charges and an instant payout experience.

Digital coins feature high ROIs. Due to their investment potential, they offer a wide range of profit-making possibilities for casino players. As of 2020, the value of one Bitcoin stood at about $7,000. Fast forward to 2022, one Bitcoin stands firmly at a value of about $47,000. This growth is more than 600% growth within two years. Other digital coins also experience these huge growth rates, paving the way for crypto gamblers to make more money withdrawing from different digital currencies. If the value of a cryptocurrency increases within a few hours, your winnings also multiply as your values move with the current rate of your chosen currency.

Digital coins are still relatively new, so most casino users are not yet conversant with crypto-based wallets. Due to this, most crypto-based casinos now offer huge bonuses for new and returning players. All casinos offer welcome bonuses; however, these bonuses are often bigger with digital coins, as casinos try to attract more users with these special offers. In addition, coin bonuses usually depend on the crypto-wallet a gambler uses. Wallets like Coinbase and Binance have good partnerships with casinos. Thus, it is easier to carry out transactions and bag bonus offers.

Digital currencies have taken over the gambling world for several reasons. Besides the overall anonymity and security, crypto-based payments are instantaneous and free of charge. Thus, users experience a decentralized payout. Digital coins do not directly increase your online casino winnings; however, they offer a better banking experience and higher profit-making opportunities.

In contrast to fiat currency methods, digital money has a higher growth rate, so it takes quite a shorter time to make profits. However, using cryptocurrencies is two-sided, as these coins also decrease in value most times. Overall, the benefits of withdrawing from crypto outweigh the cons, so there is more to gain in the long run.

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Multiply Your Online Casino Winnings By Withdrawing Money To The Crypto - Cryptopolitan

Texas is a big state. It is the second largest in the country, in fact in regard to its size and total population.

But when it comes to online entertainment options, the Lone Star State may be starting to fall behind many of the others in the exceptionally large country, and this could become a potentially huge problem for the US and the region itself in the present day and in the future.

In this blog post, we will take a look at some of the reasons why Texas may be losing ground and what can be done to turn things around.

Why is Texas losing ground to other states?

One of the biggest factors in Texas' decline when it comes to online entertainment is the state's lack of legal online gambling options. While more and more states are legalizing and regulating online gambling, Texas has yet to take this step. This means that Texans who want to gamble online have few options available to them and those options may not be entirely safe or legal.

Another issue facing Texas is the state's lack of legal online sports betting options. Again, while other states are moving forward with legalizing and regulating sports betting, Texas has yet to do so. This leaves Texans who want to bet on sports at a disadvantage compared to residents of other states.

As mentioned, the Lone Star State is only second behind Alaska in regard to its geographical land mass, while it is only second to California in regard to total population, with the state accounting for approximately 30 million of the US 329.5 million (~10%).

Given the fact that they are able to boast such a huge number of people, it is surprising that they have not been able to make more significant steps when it comes to online entertainment. We have seen smaller states - those that are vastly smaller in regard to population and size - including Delaware (just over 1 million residents) have huge amounts of success within the online entertainment industry.

Since legalizing iGaming and sports betting, the state has been able to continue to create new milestones and break previous records that have been in place, thus showing how much potential the industry can provide regardless of the size of the market. For instance, Delawares online gambling scene recently managed to record revenues of over $1 million for three straight months for the first time ever, while also surpassing $30 million in wagers in three consecutive months, too.

Clearly, given the results that a state with just a fraction of the number of people living there compared to what Texas boasts, as well as only being a fraction of the size, is showing just how much the Lone Star State is currently missing out and how they are losing ground to those in the US in regard to the onlineentertainment industry.

What should Texas be looking to do in order to rectify the loss of ground?

So what can be done? Thankfully, not all is lost as there is plenty that can be done, although there will be some catchup being required to be played.

Well, first and foremost, Texas lawmakers need to start taking the issue of online gambling and sports betting seriously.

We have already been able to see how legal online casinos in the US have been able to benefit each state financially, with many having been able to generate millions of dollars in an entirely new way that was once previously unavailable to them. For instance, we know that Michigan has been able to generate over $1.77 billion in lifetime revenues since legalizing the activity!

The state is losing revenue and tax dollars to other states that have legalized these activities money that could be used to fund schools, roads, and other vital services including those that will benefit the community further.

Secondly, Texas needs to take steps to make sure that any legal online gambling or sports betting options that are available are safe and secure. This means working with reputable operators who can provide a fair and safe experience for users. By doing this, the state is likely to be able to attract as many players as possible, as they will be more willing to spend their money at these sites knowing that they are protected, rather than at sites that may not be legal.

Finally, Texas needs to start promoting itself as a destination for online entertainment. There are plenty of people in the state who enjoy gambling and betting on sports but they may not know that there are legal options available to them. By raising awareness of what's available, Texas can start to attract more business and tax dollars.

Why hasnt Texas joined other states in legalizing online sports betting or iGaming yet?

Some might be asking why this has not already happened, and this is a question that lawmakers in Texas and those within the industry have been asking for some time now, especially given how much money other states are making from the activity.

There are many potential reasons why this may be the case. Perhaps lawmakers feel that there are more important issues to focus on right now. Maybe they believe that online gambling and sports betting should only be available in brick-and-mortar casinos. Or it could simply be down to a lack of understanding of how the industry works and what benefits it can bring.

Some may cite the attitudes and beliefs of some of the influential people in Texas as being a reason why the state has not yet taken this step, as they are concerned that a decision on this topic could potentially impact their influence on the people of the state, thus possibly cost them their seat in the administration.

Texas needs to take action

So there you have it a look at why Texas may be losing ground in terms of online entertainment, and what can be done to turn things around. It is time for the state to take action and start promoting itself as a destination for legal online gambling and sports betting. With the right steps, Texas can once again become a leader in this growing industry.

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Is Texas losing ground in terms of online entertainment? - Irving Weekly

There is a common perception that Scandinavian people, including Norwegians, have a cold and quiet temperament. However, this is only a stereotype. They are active gamblers. Scandinavian mythology often describes scenes of the ancient Vikings playing dice, and one legend tells a remarkable story about the island of Hissinger coming under Norwegian rule. However, despite such legends, the country has not offered a land-based casino. Therefore, this article will focus on online Norsk casinos and their features.

In Norway, gambling is regulated by three legislative acts: the Gaming Scheme Act, the Lottery Act, and the Totalizator Act. Since the 1990s, there are only two licensed websites in Norway legally allowed to offer gambling:

The first Norway casino, established by Norsk Tipping, appeared in 2014 and is called Kong Kasino. The purpose of its creation was motivated by the authorities attempt to stop the mass outflow of users to illegal casinos, which regulators could not manage to block. The advantage of Kong Kasino is that there is no tax on winnings. The online casino Norwegian offers players 157 gambling activities, including betting on sporting events. The rules for gambling activities in Norway vary from their foreign counterparts. There is a restriction on the opening hours of the site.

There are restrictions on how much you can spend:

the maximum monthly limit is 20,000NOK;

for instant lotteries online, the restriction is 10,000NOK per month or 400NOK per day;

the monthly limit for Multix games is 2,700NOK, and for Bingoria games 4,400NOK.

However, we would like to point out that there are now more than a hundred international sites that accept players from Norway. They have a Norwegian interface and take Norwegian kroner as currency for payment. These casinos offer attractive terms and conditions as well as special bonuses. You can check their reliability by consulting expert reviews.

New companies operating in an honest manner have a long-term online focus, so they do their best to meet customers needs. For many international companies, Norway represents a promising market. Therefore, frequently the best new casino will target this segment of players. For this reason, all the privileges available to newcomers should be used to get the maximum enjoyment out of the game.

In 2019, operators from the EU and the European Economic Community established the Norwegian Industry Association for Online Gambling (NBO) to lobby for their own interests in the Norwegian gambling market. The members included Betsson, ComeOnband, Cherry AB, Gaming Innovation Group (GiG), and Kindred Group. Carl Fredrik Stenstrm, former commercial director of Rikstoto, headed the organization. Rolf Sims, Kindreds public relations manager, has also joined the NBO leadership. He is an ex-member of the Ministry of Culture and participated in the creation of Norways gambling policy.

The Norwegian gambling market has been drawing a lot of attention from the European and global community over the last two years. And not surprisingly, with tensions running high between the local regulator, the European Gambling Association, international operators, and other industry players.

Although there are some gambling restrictions in Norway, online casinos based in other countries have access to the Norwegian market and admit players from this Scandinavian state. It is essential that the Norwegian Gambling Commission states that Norwegian players are not prohibited from playing on sites operated by foreign operators. The advantage of playing at a private online casino is that it is not restricted by Norwegian taxes and other gambling laws.

At a time when the national government is justifying its strict legislation by fighting gambling addiction, players are finding new ways to bypass it, with foreign online casinos acting as the main method. There may be amendments to Norwegian regulations, but as with the adoption of different laws, this could take quite a long time.

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Norway's Online Casino Gaming Situation - THEGAMEROOF