Does Anyone Care About Online Poker?

Posted by Gambling News | Gambling Industry News,Poker News | Tuesday 6 November 2012 7:56 am

We have been seeing the same news for what seems to be years, and very little changes in terms of Federal regulation for the game of online poker in the USA. Certainly the State of Nevada has made this form of gaming legal and is currently issuing licenses, but this is for intrastate poker online. The Federal Government has said as much – each state must decide, and legislate for themselves.

However, in December last year, the Department of Justice changed their stance on the matter of legality for online gambling. Basically the Interstate Wire Act of 1961 was revisited, and the DoJ opinion released that only sports betting is illegal. The online poker industry has mobilized rapidly, joint ventures are in place, and Nevada has passed legislation for online poker, while the state of Delaware has made legal the full gamut of casino games for the Internet.

The American Gaming Association has released a white paper, and they represent just about every US casino operator, as well as gambling equipment manufacturers. The report states that $4 billion is spent annually by American who play at offshore casino and poker websites. They peg the potential for the online gambling industry to make between $6 billion and $10 billion annually. Is the payday close for these operators, they seem to think so, but is it time to start picking winners?

The problem is actually three-fold; the industry can only look at the potential for regulating online poker for the meantime. The potential turnover for this game would not be $6 billion and $10 billion annually, only a fraction of this. The second problem is that online poker alone, might not be all that attractive a business proposition for potential operators, and the third issue is certain states will not opt to legalize and regulate, so, it needs to happen on a federal level. In its present position the market is much too small, or too shaky to be a viable proposition.

Overseas we see that online poker sites are closing their doors on a regular basis. While we see PokerStars doing well, they actually monopolizing the marketplace because of their massive liquidity. A good example would be IGT’s purchase of Entraction, only to find that they were compelled to close this poker network. Regulation in Europe is also a tricky task to breach. The Italian industry is failing, France is a nightmare of regulatory red tape, Will Hill Poker is losing business as is Bwin.party and others. Fortunately for 888 Poker, they also seem to be doing something right and their business has grown.

But what we are seeing is that online poker alone is not financially viable in many instances. Operators need to be able to offer the whole range of online gambling games. So, with the exception of Delaware which state apparently sees the bigger picture, very little can change if the Federal Government does not come to the party, and offering online poker without the addition of other Internet gambling games, simply won’t cut the mustard.

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Social Gambling – The New Frontier

Posted by Gambling News | Gambling Industry News,Gambling News | Sunday 4 November 2012 6:26 am

It has been called the new frontier in online gambling, and while some gambling games are by nature more social than others, this new zeitgeist promises to make playing virtually any gambling game a social experience. It has become such an important factor to the industry that a conference has been specifically called for dealing with what seems to have become another sector of this incredibly successful industry. We’ll take a wager that when the first gambling game went live online, the developers/operators had absolutely no idea just how big this genre would become!

The first Social Gambling Conference takes place on 16th November in London – Dexter House on Tower Hill. iGaming Business is the host.

As experts in the field of gambling online claim they see huge opportunities opening up in the social space, the big question is "where is the money?" Of course this question is as relevant to operators as it is to social gamers who are keen to win prizes. It is the online gambling part of the equation where attention should be focused, but there also has to be a way to get the balance right. This gathering hopes to address the intricacies and interesting facts of a rather complex subject.

As we see social gambling transform into real money gambling online, the same is taking place from the real money online gambling point of view, where this business is becoming more social. So, like in all instances of just about everything, there are two sides to the coin… thank goodness for that…that is how we achieve balance.

Implications include legal and regulatory requirements as the social gaming market unfolds. But as the experts tell us, there are a great many opportunities presenting themselves. All we need to think about to grasp the idea; is the fact that Globally there are close to 1 billion Facebook users. Already more than 11 million regular (daily) users have made social media platforms the place play to win, and it is estimated that 50% of Facebook users play social games.

Facebooks five top casino games are Texas Hold Em, Slotomania, Double Down, Bingo Blitz, and "Best Casino", so, it doesn’t take a rocket scientist to see that a huge new market is readily available for existing online gambling operators – but, and here is the rub, they have to make the games social. The five games we mentioned attract a fairly incredible 11,240,000 daily players; who wouldn’t want a slice of that pie?

The two sides of this global online gambling and social gaming equation has become a classic "you scratch my back, and I will scratch yours" scenario. Each business sector is being offered the opportunity to accelerate one-another’s growth. Money is made from the sale of virtual goods, such as coins to unlock more advanced features. It is in this aspect that money is made. Getting ahead appeals to the need for personal achievement and status, so, players spend the money. Social gamers are therefore not so much different from online gamblers, and in fact many play both types of games.

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7,3 million Euros won online on Hall of Gods video slots

Posted by Gambling News | Casino News,Gambling News | Friday 2 November 2012 10:02 am

A Norwegian player has landed a staggering 7,3 million euro jackpot playing Net Entertainment’s Hall Of Gods™ video slot on Betsson.

The man in his forties landed the monster sum playing online on Tuesday 23rd October and the life-changing win is the second multi-million euro jackpot to be paid out on Hall of Gods™ slot this year.

Hall of Gods™ allows players to immerse themselves in an ancient Viking world where players can win free spins before smashing their way to riches with Thor’s hammer in bonus games to win one of three jackpots.

Since last year Net Entertainment games have paid out more than €29 million in jackpot wins and that figure could soon be extended as another Net Entertainment game, Mega Fortune™, has a jackpot currently exceeding €6.8 million.

Net Entertainment’s progressive jackpot games are proving more popular than ever as substantial jackpots are building up quicker and falling more frequently.

“The high liquidity offered by Net Entertainment progressive slots helps jackpots build extremely quickly and they are a fantastic acquisition tool for operators. We would like to congratulate the winner on his huge success and we look forward to hopefully making many more millionaires in the coming months” said Per Eriksson, President and CEO of Net Entertainment.

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3D Slots Games And RTP Systems – New Online Gambling Innovation

Posted by Gambling News | Casino News | Thursday 1 November 2012 4:22 am

In the online gambling space, it has been said, and we know this to be true, that innovation is king. The internet by its very nature is a highly innovative space that moves along related industries at a far faster pace than most other channels of manufacturing, sales and development. During 2012 – as has been the case throughout most of the short history of Internet gambling – a many and varied number of innovations have taken place. Some of the most state-of-the-art advancements have been made in 3D and animated online slots games offerings, as well as RTP (Return to Player) systems.

Online gamblers are more savvy than ever before, they have become a sophisticated lot of connoisseurs who know what they want from an online casino as a product overall. Bearing this in mind these businesses can no longer rest on their laurels, they have to come to the party in a big way and make the grade. Software developments and technological progress is therefore made at such a fast pace, that it often seems impossible for us writers to keep up with everything; but, keep up we must.

The year 2012 has seen any software developer who is any-one entering the business of providing 3D and Animated casino slots games. While some developers are definitely more advanced and particular about design than others, there seems to be a place for most of the big names to find a good fit with their fans. Not all gamers want the frills and thrills that say for example Net Entertainment provides. But if you are seeking an excellent 3D and animated slots experience, then Net Entertainment are the games to play. They are followed in our opinion by Microgaming, Wagerworks, Playtech, and Betsoft, with various others trailing behind.

Complex animated online slots are the name of the game, and these most often feature numerous interactive bonus rounds, which play more like skill games. New releases from Net Entertainment include; Jack and the Beanstalk, which is nothing short of excellence personified, and do check out the brand new “Evolution”; from Microgaming this would be the Batman-themed Dark Knight, and Playtech’s new release Viking Mania.

Return to player features have made many advances too with every online casino worth its salt offering VIP programmes that come together with bonus and winnings tracker systems. These help the player see what time they have left to spend bonus funds, how they are progressing with wagering requirements, what true winnings are based on the amount of funds wagered, and various other financial factors.

Bonus, winning and wagering factors have become enormously critical, especially to regular players, who are in the first instance often gambling online because it is a good value for money type of entertainment. Because it is good value for money, regular players are well aware of all the benefits involved, so, keeping track of these benefits also becomes vitally important to them.

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