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Responsible Gambling: Promoting a Safer Gaming Experience

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In an ever-evolving online gambling industry, responsible gambling practices have emerged as a crucial focus for operators. Among the advocates of responsible gambling is KTO, a leading player in the industry that places a strong emphasis on research and analysis. By conducting data-driven research and market trend analysis, KTO strives to enhance the gaming experience, ensuring it remains both enjoyable and safe for players.

With a thriving gaming market in Brazil, KTO’s studies provide valuable insights into player preferences, gaming studios, payment providers, and more. Moreover, KTO’s research sheds light on responsible gaming policies, licensing standards, and legal requirements, contributing to the overall improvement of the industry.

The Importance of Responsible Gambling in the Online Gambling Industry

Responsible gambling holds significant importance within the online gambling industry, considering its complex network of operators, game studios, regulators, and players. To make sense of this intricate ecosystem, it is essential to analyze the activities and market trends that shape it.

KTO’s research papers play a vital role in helping industry stakeholders differentiate between products, policies, and features that contribute to a superior gaming experience. By providing their own statistics and backing research findings with reliable sources, KTO offers valuable insights into popular casino games, sports betting trends, player preferences, and user experiences. This knowledge empowers operators, gaming companies, and authorities to establish and maintain responsible gambling practices, safeguarding the well-being of players and promoting a safer gaming environment.

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Insights from Primary Data

KTO’s research initiatives go beyond surface-level analysis by delving into primary data to uncover valuable insights. Through the examination of actual online traction data, KTO’s research team focuses on the impact of leading games in the Crash Games vertical, such as Aviator, Spaceman, Mines, and JetX, on the online casino gaming landscape in Brazil. The findings reveal the significant contribution of crash games to KTO’s top 10 casino games, accounting for more than half of the list and nearly 40% of the total casino turnover.

Furthermore, these games have captured the interest of a substantial portion of active players, with roughly two-thirds of them having tried placing bets on crash-style games. Aviator emerges as the most influential game in KTO’s online casino, acting as a gateway for other casual game titles to enter the real-money gaming scene.

Setting Higher Industry Standards

KTO’s research endeavors aim to set higher industry standards by providing comprehensive insights into various aspects of the online gambling landscape. By analyzing market dynamics and trends, KTO sheds light on player tastes, user experiences, gaming studios, and payment providers.

This valuable information helps industry stakeholders make informed decisions regarding game development, business strategies, and consumer support. Additionally, KTO’s research raises awareness of responsible gaming policies, licensing and regulation standards, as well as taxation and legal requirements. By fostering openness and transparency, KTO believes in establishing a strong and trustworthy relationship with players, ultimately serving the best interests of all parties involved.

As a founding member of the Brazilian Institute for Responsible Gambling KTO truly shows its dedication to create a healthy environment for the the industry to grow. A further development toward this goal is the institutes collaboration with the International Betting Integrity Association making sure that the policies pushed are world class quality.

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The Pragmatic Benefits of Responsible Gambling

Responsible gambling is not only a moral obligation but also a practice that brings numerous pragmatic advantages. Firstly, it fosters a healthier and safer gambling environment by promoting self-control and setting limits, reducing the risk of addiction and financial strain. Moreover, responsible gambling initiatives support local communities by generating revenue that can be allocated towards public services, such as education and healthcare.

Additionally, responsible gambling practices encourage transparency and fairness within the industry, enhancing consumer trust and satisfaction. By prioritizing responsible gambling, individuals can enjoy the entertainment value of gambling while minimizing the potential negative consequences, ultimately creating a win-win situation for both gamblers and society as a whole.

The future of online gambling in Brazil looks bright with dedicated actors working toward a sustainable and fair policy model.

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Canada

Soft2Bet granted Ontario Certification of Registration and readies for imminent launch

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Ontario Certificate is hugely promising as Soft2Bet continues its regulatory expansion

Soft2Bet, a leading provider of online betting and gaming solutions to regulated operators worldwide, is delighted to announce that it has been granted a Certificate of Registration in Ontario, Canada’s largest province, moving it one step closer to being able to launch its Tooniebet.com iGaming brand.

Obtaining its Certificate of Registration (Nbr: OPIG1280338) from the Alcohol and Gaming Commission of Ontario (AGCO) will enable Soft2Bet to continue its expansion into the world’s largest regulated jurisdictions.

Ontario has been a major success story for regulated online sports betting and casino in North America in the past two years. The province launched its regulations in April 2022 and latest figures for the fourth quarter of 2023 showed that operators recorded a 21% rise in wagers to CA$17.2bn and a 22% increase in gross gaming revenues to CA$658m, the highest ever revenue total in Ontario’s wagering history. Online casino was the main driver of this growth and generated CA$13.7bn of the total stakes and CA$471m in GGR.

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Elisabeth Isaksson, Head of Regulatory Compliance at Soft2Bet, commented: “Being registered with the AGCO in Ontario is testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets. We’re immensely excited about taking our first steps in North America and look forward to licensing and launching in more jurisdictions in the region.”

Chief Business Development Officer Martin Collins added: “This Ontario certification is another significant and important step in our corporate expansion plans. It fits perfectly with our stated aim of growing our regulatory footprint and we very much look forward to continuing forward on this path.”

Soft2Bet is also actively working to obtain a licence in New Jersey and continue its expansion in the Americas. This activity comes after the group obtained B2C licences in Italy, Greece and Romania in 2023.

 

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Hacksaw Gaming and DraftKings Score Again in Ontario

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2023 saw Hacksaw Gaming go live in West Virginia and New Jersey and now we have made our long-awaited entry in Ontario, Canada. Securing this trio has hit new heights and hopes for further successes throughout the rest of this year.

DraftKings Casino entered the iGaming market in Ontario in May of 2022 and partnered with Hacksaw Gaming in the back end of the same year. As Ontario’s regulated iGaming market only went live in April of 2022, the pair have given an outstanding performance with effective launch strategies and expansive footing in North America.

Apart from gaining an unprecedented reach across regulated markets, the mobile-friendly format of Hacksaw Gaming games can be visited on phone or tablet via the DraftKings Casino app. Boasting an impressive online casino’s selection of over 300 games, DraftKings now welcomes Hacksaw Gaming favourites such as Chaos Crew, Mines, Omnom and Boxes.

“The benchmarks we have set as a partnership are remarkable and we are ready to take on more challenges continuing into 2024,” the Chief Executive Officer for Hacksaw Gaming, Marcus Cordes, said.

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Exploring Canada’s video Game Market: Survey Insights

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Technology has become a great source of entertainment to many. Video games particularly have garnered interest from all demographics. In Canada, the gaming industry has experienced significant growth, fuelled by increased accessibility to gaming platforms and the growth of online gaming communities.

Statistics indicate that a large percentage of Canadians are engaged in gaming activities, whether it be playing console or PC games, mobile games, or online multiplayer games. The popularity of video games extends beyond leisure pastimes, with many Canadians participating in gaming competitions, attending gaming conventions, and consuming gaming-related content on platforms like Twitch and YouTube.

The number of video game users in Canada reflects how broad the sector is, from mobile games to digital video games, download games and live streaming. In 2024, the gaming sector will see millions of users in each of these categories. Statista projects 13.38 million users for digital video games and 7.35 million users for online games respectively. It estimates that revenue in the Canadian video game market is expected to reach US$3,925.00m in 2024, so it is no surprise to observe the increasing popularity of the sector.

Well-known online casino provider BetVictor has compiled some key points from major surveys detailing the video game market to give further insight into its makeup and potential. The gaming culture in Canada is growing, which means the type of games and genres will grow along with the sector. Statista recently conducted a survey of 1 576 respondents aged 18 – 64 who are avid video game players, with telling results. ​​In December 2023, a survey about preferred video game genres in Canada revealed the top four genres as being Action, Action – adventure, Adventure and casual games accounting for 31% of respondents’ preferences.

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David Winter, Marketing Manager at BetVictor notes that “We’ve seen a steady increase in the popularity of action-themed and adventure-themed slots and many providers are exploring how to expand further into this market.”

The popularity of Action games such as platform and fighting games can be attributed to various factors, such as: social interaction, accessibility and inclusivity, social appeal, and cultural influence. With such a diverse audience, all these factors are crucial to understand the appeal of Action games.

In the digital age, gaming has transcended mere entertainment to become a cornerstone of culture, and nowhere is this more evident than in Canada. From coast to coast, a diverse community of gamers is thriving, reflecting the country’s inclusive spirit and passion for technology. Whether it’s the casual gamer enjoying a quick session on their smartphone or the dedicated enthusiast meticulously building a custom gaming PC, Canada offers a welcome haven for all kinds of gamers.

Diving deeper into the Statista results, Strategy games accounted for 29%. This shows us that players have a strong interest in tactical and decision-making games. While role-playing (RPG) and sports games garnered 22% each, simulation and shooters trailed slightly behind at 21% and 20% respectively.

MMO (massively multiplayer online games), as well as MMORPGs (massively multiplayer online role-playing games) and MOBA (multi online battle arenas) came in at 13% and 8% respectively, representing a significant but niche following. With such a diverse array of preferences, the survey underscores the multifaceted nature of interests among Canadian gamers. It highlights the need for game developers to cater for a wide range of genres and gameplaying styles in the Canadian market.

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From action shooter games to role-playing adventures, the industry has something for every gaming enthusiast in the Canadian market. Overall, the popularity of video games in Canada reflects a growing cultural phenomenon, where gaming has become a mainstream form of entertainment and a significant aspect of modern-day leisure activities.

Statistics anticipate a compound annual growth rate (CAGR) of 7.10% for 2022-2027, resulting in a projected market volume of US$24.52bn by 2027. Canada’s online gaming market is experiencing a surge in popularity, with a surging number of Canadian players engaging in immersive virtual reality experiences.

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