Microgaming’s Mega Moolah Strikes Again

Posted by Gambling News | Casino News | Monday 23 June 2014 7:06 pm

Microgaming’s Mega Moolah Jackpot has been hit by a Spin Palace Casino player; Jorge S has won a mammoth 2,384,388.87 Euros!

Jorge S hit the Mega Moolah jackpot on the evening of Wednesday 18th June. Amazed as this mind-blowing sum flashed upon his computer screen, Jorge’s reaction when Spin Palace’s host called to congratulate him on his jackpot win was "Is this for real, did I win? I can’t believe it, how can it happen like this?"

A spokesperson from Spin Palace said: "As a regular player on Spin Palace Casino, we are overjoyed that Jorge S has hit the jackpot and won such an enormous amount! A big congratulations to him on behalf of the entire team at Spin Palace."

Jorge S. is one of a number of Spin Palace players to have hit the jackpot on Mega Moolah, Microgaming’s largest progressive slot. Other winners include Gary L who won £3,744,513.08 – the largest ever jackpot win on a mobile device!

Roger Raatgever, CEO of Microgaming, commented: "It is always very exciting when a progressive jackpot gets hit – not only for the player, but for the operator and the whole team at Microgaming too! What makes it even more rewarding is that the player will receive a single cash payout in full rather than an annuity, so Jorge has become an instant millionaire!"

Since its launch in 2006, the Mega Moolah jackpot has been extremely popular and created many millionaires. Following this most recent Mega Jackpot win, Microgaming has improved the progressive element of the game so that players will see jackpots accrue to more significant, life-changing amounts in the future. All wins on Microgaming’s Progressive Jackpot Network will continue to get paid out in one single payment. To date, the network has paid out over €440 million.

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Terminator 2™ enters new mission with online slot from Microgaming

Posted by Gambling News | Casino News,Gambling News | Tuesday 10 June 2014 3:21 pm

Sparks will fly as Microgaming’s Terminator 2™ online slot goes live with Microgaming operators!

Terminator 2 Online Slots Microgaming

Terminator 2: Judgment Day featured an all-star Hollywood cast and won four Academy Awards by setting new standards in visual and sound effects. With worldwide box office sales of over $500 million, it is one of the highest grossing films of all time!

Microgaming has been working energetically to develop an online slot that takes all the elements of what made the film a success and deliver it to the world of online gaming. This cutting-edge game includes all of the lead actors, Arnold Schwarzenegger, Linda Hamilton and Robert Patrick. The use of original film footage, accompanied by the mesmerising original soundtrack, ensures an action-packed player experience with many industry first game features.

When a player hits a five-of-a-kind they are rewarded not only with a big payout, but with memorable clips from the film. Look out for the T-800 Vision bonus feature, triggered at random during any non-winning spin, which positions the player experience through the eyes of the Terminator as he scans for targets to award higher wins. The best part about this mode is that only a single scatter symbol is required to activate the free spins feature, which sees the slot expand from a 243 ways to 1,024 ways game. This will be a novel experience for players as it is an industry first!

Terminator 2 Online Slot Bonus

During the 10 free spins, the T-1000 symbol acts as a substitute by morphing into any other character to award the highest possible win for that symbol combination.

Roger Raatgever, CEO of Microgaming, comments: "We’ve taken the core elements of the iconic Terminator 2 film to create an online slot that does the brand justice. Visually it is stunning and it has a fitting game mechanic that is completely unique to the online gaming market. Our operators and their players will be awestruck by our creation; we are incredibly excited about the game launch."

Rand Marlis, President of Creative Licensing Corporation, which represents Studiocanal for Terminator 2 licensing, says: "Microgaming is an expert in licensing big brands and we had no doubt that they would create a T2 slot that would perfectly represent the film’s legendary status. The end result really has surpassed our expectations and the online game is a masterpiece; I’m delighted that it is now live for everyone to play and enjoy. Working with Microgaming is a real pleasure and we look forward to a long-lasting relationship."

Terminator 2 online slot is live with Microgaming casino and Quickfire operators 4th of June.

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Investor Confidence High In Online Gambling

Posted by Gambling News | Gambling Industry News,Gambling News | Saturday 17 May 2014 12:08 pm

If you believe you are taking a gamble when investing in shares on the Stock Exchange, you would probably be correct. But this type of investment is more scientific than simply popping money in and pulling the arm of a slot machine. Now a slot machine is a random number game, and the player either wins or loses his money, but trading in stocks entails an educated guess, in the well-established game of securities exchange trading.

Currently, as the continued growth in online gambling growth is enjoyed by players, investors are showing a great deal of confidence in gambling on this game. This essentially means that shares are being traded and bought, and are showing growth for investors. According to the Forbes report – UK online Gambling concerns are being seen as excellent opportunities to invest for the wise speculator.

This industry in the UK is a mature industry that has been showing continued upward, and exponential growth since first inception in the late 1990’s. The rest of the world has seriously fallen behind in the uptake of online gambling as an industry, as they find themselves embroiled in regulatory in-fighting, rather than taking a free-market approach. Most Governments seem to be hell-bent on the ideology of monopolistic control.

The free-market approach taken by the UK Government has seen the industry develop into a highly technical, green-type economy. The nature of this industry has therefore proven itself to be sustainable in terms of lasting growth, as well as high profitability. Investing in any industry or firm entails making an informed choice, at the right time.

Whilst speaking of informed choices, it pays to note that previously no tax was levied on these gaming concerns if they were situate offshore from the British Isles. This is set to change in December 2014, when taxes will be levied at firms offering wagers to UK-Facing players. This will be a point of sale tax, and while we are not sure how these funds will be collected, however HMCRS seems confident of making these collections from offshore situated brands.

For a short while this tax news had some effect on investor confidence, but with the positive Forbes report, this negative attitude seems to have changed. Mobile gambling is rolling out fast, and proving to be immensely popular too, so, this together with generally expected growth, should ensure continued investor confidence.

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Ben Banned For “Life” From Hard Rock Casino For Being Too Good

Posted by Gambling News | Casino News,Gambling News | Thursday 15 May 2014 5:06 pm

Ben Affleck is not only famous for being a brilliant actor, and superbly playing and online poker site owner in the recent film Runner, Runner, he has also always been a bit of a card sharp. In 2004 Affleck was credited with winning California State Poker Championship, and he, and cousin – Matt Damon – host a celebrity poker challenge to raise money for an African Charity. But poker is not the only game that this actor is accredited at being a really good player.

Last week he was allegedly banned from the Hard Rock Casino in Las Vegas, for simply being too good. At the time he was playing blackjack – where else – but at a high rollers table, when security believes they caught him counting the cards. Counting cards while not technically illegal, is frowned up as bad etiquette in all land based casinos. This is the act of knowing the cards so well that the counter is able to predict what the probability of the next hand will be. It is quite a feat in itself, in terms of the intelligence factor required.

Apparently he was told by security that he is “too good at the game,” but this is not new news to Las Vegas casinos. He is a regular high roller at many casinos, and makes many visits to these venues, often winning money in the millions. In fact in two separate visits to the Hard Rock, he walked away after winning nearly $1 million whilst also playing blackjack.

The New York Post recently reported that Affleck had won $140,000.00 in a single session, and that he was playing with Matt Damon at the time. It is also reported that he also used his winning to tip casino staff. In fact the totality of his Hard Rock winnings was given away in tips to waitresses, doormen and dealers, some of these tips were as much as $5000.00. We’ll bet that kind of action did not stand very well with management. A short time later it was reported that he won $800,000 while playing blackjack again. In fact during three simultaneous hands!

Hisprodigious poker playing proclivity is well-known, and as well as plying with Matt Damon, he hostson the felt at a Beverly Hills cigar bar, playing with Tobey Maguire and Leonardo DiCaprio. Both of whom appear to have a penchant for the game.

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888 Profits Prove Online Gambling Still Rocks

Posted by Gambling News | Gambling News | Thursday 15 May 2014 5:02 pm

There is a race on for online gambling brands to win investor confidence prior to Point of Consumption (PoC) tax being introduced into the UK. To qualify our opening sentence perhaps it is necessary to understand a little more about what PoC tax means to UK online gambling operations. Fundamentally, Internet Gaming operators have been able to avoid British taxation for the past 15 years or so, since the industry first kicked off online.

This type of "legal" tax evasion has been enabled by the fact that offshore territories have welcomed the industry with open arms, and enticed them with far lower tax rates. The UK levies 15% on gambling activities, compared with Gibraltar which levies only 1% of relevant income. One percent as opposed to fifteen percent, makes a massive difference to any corporations bottom line.

The concern regarding PoC is from investors who are genuinely worried what it may entail for public companies. Companies such as 888 which are listed on the London Stock exchange. Already when fixed-odds terminal betting increased from 20% to 25%, we saw panic set in, where some online gambling stock prices plummeted. But because 888 have shown such good profits in the lead up to implementation of PoC, shareholder skittishness should not be of such great concern.

Currently this online gambling company is not the only concern in the industry that is concentrating efforts to win investor confidence, as well as new customers. However, 888 has reported a whopping 30% increase in pre-tax profits, as well as an increase of 7% in revenues for the same period in the last tax year. They have declared dividends, and paid out an additional “special” dividend, and this act in itself will shore up shareholder confidence.

Of course an online gambling concern does have to make money in order to dish it out to shareholders, and it seems that 888 have hit the jackpot in this regard. They have seen more interest from consumer of their bingo product, and virtually every internet gambling firm is seeing massive profit jumps in mobile sports betting.

The date set for implementation of PoC tax is December 2014, when if it gets off the ground on time, will be bound to cause some major regulatory upheaval. Essentially it means that an additional 15% in tax will be levied on any revenue generated from members situate in the UK. It pays to bear in mind that millions of British online gambling fans play at hundreds of offshore websites.

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