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European Gaming Congress 2024

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How do casino bonuses work?

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Some individuals find it inexplicable that casinos would provide gamblers with complimentary cash. Established online gaming sites must find ways to promote themselves and attract new clients; casino bonuses are an excellent way to do this. Given the number of new online casinos that start every day, this is becoming increasingly vital.

These days, gamers at a casino online are influenced by the perks offered by the casinos. Numerous online casinos offer players bonuses for making first deposits, free spins, and loyalty rewards. Likely, you may not be able to withdraw your casino winnings until you have placed an initial deposit. Those interested in online gambling are likelier to stay if this option exists—an examination of the workings of casino bonuses.

Casino free spins requirements

Determine the necessary steps for claiming, using, and canceling a bonus. It is frustrating to discover that you have won a considerable sum yet cannot pay it in. Before you cash in on that bonus, consider the following four considerations. Utilizing the Casino Limits to your advantage in withdrawals and game weight adjustments.

Wagers

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It is not feasible to withdraw casino-provided free money. That would have been sufficient to close any casino permanently. Before any withdrawals can be approved, the following wagering criteria must be met: The minimum amount that must be bet to withdraw a bonus is referred to as the promotion’s wagering requirement. The range varies from 20x to 40x, with the precise number depending on the provider. For example, if you are offered a $20 bonus with the stipulation that you must wager the bonus amount a particular number of times before withdrawing your winnings, you must gamble the bonus amount a total of 30 times.

House edge

The house edge is the proportion of each wager that goes to the casino; consequently, players must be aware before placing any bets. If you want to maximize your odds of winning, you must learn how to play to your strengths to take advantage of the house’s disadvantage.

Games with a 1% house advantage generate 1% more revenue for the casino than those with a minor house edge. The typical casino house advantage might range from one percent to fifty percent of the pot. Since there is a greater sense of friendly competition among the players, the house has less of an advantage in live poker games than in their virtual equivalents. The casino has a much greater edge with slot machines.

Withdrawal limit

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European Gaming Congress 2024 (Warsaw, Poland)

Withdrawal limits at online casinos tend to accumulate throughout multiple transactions within a short period. Most bonuses, both deposit and no-deposit, come with withdrawal restrictions. Even if you win $250, you will only be permitted to withdraw $100 if you have a $100 withdrawal limit and a $100 no-deposit bonus.

Same weight

The wagering requirement takes into account how much each game is worth in comparison to the others. It is up to each factor (the casino, the bonus, and the game) to choose how much contribution they will make to the total. It would help if you wagered twice as much as the regular amount to fulfill the contribution requirement of fifty percent on a game. In most casinos, slot machines account for the total percentage. Playing slots for at least $50 will complete the wagering requirements for this promotion. Perhaps blackjack offers a 10% return.

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Canada

ComeOn Group adds sportsbook to its offering in Ontario

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ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.

ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.

ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”

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*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)

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BCLC

INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform

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INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.

The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.

INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.

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Canada

IAGR announces Toronto as host city for 2025 conference

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Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.

The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.

‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.

‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’

AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’

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Stay tuned for registration details early next year.

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