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The psychology of slot symbols: how iconography influences player behaviour
Imagery has always been a central part of the slot gaming experience. Even manufacturers of the most primitive one-armed bandits knew the power that could potentially be harnessed by employing psychology to attract players and keep them playing.
It remains no less true today that, through imagery, operators and developers know exactly how to push our buttons.
Nostalgia and imagery
Amongst the most potent of human emotions is nostalgia, a wistful yearning for a previous time, whether we lived through it or not.
Classic slot symbols, such as 7s, bars, bells and fruit, are all used to elicit a feeling of nostalgia for the time of traditional, physical machines in brick-and-mortar casinos. This has the effect of making us feel like we’re engaging with something wholesome and familiar, and this familiarity in turn serves to reassure us that whatever we’re doing is okay.
By evoking memories of a simpler time, whether on a conscious or subconscious level, and whether the player actually experienced those times or not, a zone of psychological comfort and safety can be created for the player.
Wealth
Slot players are often dreaming of those big, life-changing wins, and the iconography of slot machines feeds on this, providing reassurance that one’s big win is always just around the corner.
By employing images which suggest wealth, such as coins, dollar symbols and stacks of cash, slot machines continuously remind us that there’s real money on the table, and that this particular game offers a potential path to riches.
The power of colour
Colour psychology is a scientific field in its own right, and slot machines have been utilising the wealth of research on this topic since their conception.
The overall brightness of slot machines stimulates the player’s brain, keeping them engaged, whilst specific colours are used to create a unique ambience, giving each game an identity related to its colour palette.
Certain colours can evoke certain emotions, and there are many colour-related patterns which can be seen across modern slot machines. For instance, greens are often used in the design of slot machines, to elicit a sense of nature and freshness. Similarly, golds are used to suggest wealth and prosperity.
Familiar themes
The iconography of recurring themes is another way that designers can create specific associations with their games in the minds of their players.
Popular themes include ancient Egypt (Cleopatra, Magic of the Nile), the luck of the Irish (Rainbow Riches, Pot o’ Gold), and many more. Recently, there’s been an upsurge in the number of games based on fishing themes (Big Bass Bonanza, Golden Catch).
Familiar symbolism also comes in the form of existing intellectual properties, such as TV shows (Deal or No Deal, Game of Thrones), musical groups (Guns N’ Roses, Kiss), and popular movies (Rocky, Beetlejuice, The Godfather).
These slot games may be licensed, or they may simply refer to these IPs in an unofficial capacity. Either way, players enjoy the familiarity they offer, as well as the chance to engage with references to their favourite media.
Some games even allow operators to become the theme, customising the game as they see fit. For example, Fluffy Favourites can be adapted to reflect the theme of an operator’s website, reinforcing brand loyalty within the game.
The psychology of winning
It’s the idea of a win that keeps players playing, and slot machine designers use this fact, along with established psychological theories and phenomena, to make their games gripping.
For instance, cognitive biases are thought processes which are often observed, according to which the human brain tends to follow certain heuristic paths, simplifying information and passing it through a system of mental filters.
In terms of slot machine design, this means that, for example, a player who comes close to hitting a high-value combination of symbols is likely to interpret this as almost winning, which has the effect of making them more likely to spin again.
The psychological concept of conditioning can also be applied to slot machine design. Winning combos are often accompanied by celebratory sound effects and animations, including raining coins and victorious trumpets, creating positive associations in the minds of players, and encouraging them to seek this reward out again.
Psychology and ethics in gambling
There are, of course, moral and ethical implications of applying psychology to gambling. At what point does it become coercive? When is suggestion actually manipulation? The burden of answering these questions and monitoring appropriate slot machine design falls on the Gambling Commission.
The Commission have already implemented several rules which seek to minimise problem gambling and the development of bad habits, such as banning auto-play functions, limiting the time between spins, and ensuring that players have access to safer gambling tools.
However, it may be the case that more could be done to educate players on the psychological effects of symbolism in their favourite games.
Beating the system
Being aware of the psychological methods used by operators to keep a person playing is the first step in ensuring that one isn’t being manipulated.
Making good use of bonuses and promotions is a good way to enjoy better value gaming, and setting strict limits will help to ensure that players only spend what they can afford to lose.
Online casino free spins are a great way to try out slot games without risking real money. Customers can get free spin offers from no-deposit sign-up bonuses, or use the available demo versions to try games out for free.
Because many psychological methods operate on an unconscious level, and therefore cannot necessarily be noticed, good responsible gambling practices are a must if we are to ensure that gambling takes place in a healthy environment, and that players are not being taken advantage of.
BMM Testlabs
BMM Testlabs Earns Accreditation in Maranhão, Brazil To Test Fixed Odds Betting Systems and Lottery Platforms
BMM Testlabs, the world’s original gaming test lab renowned for exceptional product compliance and testing services, today announced its official accreditation to test systems and games for the Brazilian state of Maranhão.
This new accreditation allows BMM Testlabs to test fixed-odds betting systems and lottery platforms for the Maranhão market. The Company is now authorized in every Brazilian jurisdiction that has regulated at state-level online fixed-odds betting.
The Maranhão accreditation, issued by Maranhão Parcerias SA (MAPA/LOTEMA), authorizes BMM Testlabs to work with lottery operators in the state to ensure compliance and quality standards for the gaming and lottery industry through end-to-end product compliance testing for Maranhão’s standards.
Additionally, Brazil’s Secretaria de Prêmios e Apostas has federally authorized BMM Testlabs to test betting systems, live gaming studios, and online games used by fixed-odds betting operators.
BMM Testlabs’ Marzia Turrini, President of iGaming & Cybersecurity, said, “We are excited and deeply honored that the State of Maranhão’s official lottery has entrusted BMM Testlabs with the responsibility of testing products for their new online fixed odds betting program, knowing that we’ll do so with the highest levels of impartiality, technical expertise, transparency, efficiency, and, most of all, integrity.”
With the Maranhão accreditation, BMM Testlabs solidifies its position as the leading independent test lab in Brazil. BMM Testlabs is accredited in all jurisdictions that have authorized fixed-odds betting for online gaming and sports betting.
BMM Testlabs brings 44 years of global leadership in product compliance across regulated markets and is trusted by games, systems, and lottery manufacturers, suppliers, developers, and regulators worldwide.
In addition to product compliance testing, BMM Testlabs provides end-to-end cybersecurity protection solutions. Through its sister company, RG24seven Virtual Training, BMM also offers compliance-grade virtual training on responsible gaming, anti-money laundering, and other important topics – presented by industry experts and available in English, Spanish, and Portuguese.
The post BMM Testlabs Earns Accreditation in Maranhão, Brazil To Test Fixed Odds Betting Systems and Lottery Platforms appeared first on Gaming and Gambling Industry in the Americas.
eSports
Shaping the Future of Esports: ICE Esports Arena provides essential insights
The ICE Esports Arena at ICE Barcelona 2025 plays a key role in educating people about esports and how to access, integrate and regulate this growing vertical, says Clarion Gaming’s leader in Emerging Technology and Esports.
“Part of the role of the Esports Arena and The Esports and Games Conference is explaining exactly what esports is,” said Will Harding. “There is still work to be done in helping regulators to better understand esports. That’s why showcasing esports here at ICE is so important – we’re empowering people who are at the forefront of shaping regulatory policy.”
The ICE Esports Arena continues to grow year-on-year, with four world-ranked professional Counter-Strike 2 teams competing live at ICE 2025 for a US$25,000 prize pool. This year’s winners were 500 (Bulgaria: World ranking: 47).
“In terms of attendees, we have a whole spectrum of people here, from those that are still shocked that computer games have anything to do with sports betting to those that have built incredible businesses around esports,” Harding continued.
“There are also a number of visitors who realise that esports is significant for their business in terms of revenue but don’t necessarily know how to access this vertical, and we’re here to guide them toward unlocking its full potential.
“But the one thing which is absolutely certain is that esports betting is here to stay and it’s going to continue to grow”
He also praised headline partners, esports betting experts Oddin.gg, for their contribution in helping explain why esports is such a commercially important vertical for operators.
“Oddin.gg has been an excellent partner in realising the Esports Arena. Holding a professional esports tournament is a big endeavour. As our headline sponsor, Oddin.gg has played a key role in showcasing how the data and the odds work. They have helped complete the education journey,” he affirmed.
Commenting on ICE’s move to Barcelona, Harding highlighted that both the city and the show’s new venue Fira Barcelona Gran Via have extensive experience with esports, providing a perfect location for the ICE Esports Arena’s continuing expansion.
“It’s very established here. You can walk around Barcelona and see large-scale internet cafes catering for esports fans,” he added. “This represents an ideal foundation for the continued growth of the Esports Arena and The Esports and Games Conference in the years ahead.”
The post Shaping the Future of Esports: ICE Esports Arena provides essential insights appeared first on European Gaming Industry News.
Conferences
Meridianbet CEO Showcases GMGI’s $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference
In a packed room at the prestigious ICR 2025 Conference held in Orlando, FL, Zoran Milosevic, CEO of Meridianbet, captivated the audience of elite investors with GMGI’s remarkable growth story and series of strategic market entries that position the company for significant value creation in 2025 and beyond. The company also led the conference with the highest number of one-on-one investor meetings, signaling strong interest in its growth trajectory.
The world-class event, also known as the financial market Super Bowl, is recognized as the planet’s premier small and medium-cap conference for US listed companies. It brought together over 3,000 attendees, including institutional investors, sell-side analysts, investment bankers, and private equity professionals.
This builds on the success at the 2024 Citi Global TMT Conference, when the company shared insights alongside industry giants like DraftKings, FanDuel, and IBM.
61% Year-Over-Year Growth Positions GMGI as Gaming Industry Leader
The world’s elite investment audience found out a compelling history of growth: GMGI’s preliminary FY 2024 revenue surged 61% year-over-year to $150 million, with pro forma consolidated revenue reaching $163 million.
This exceptional growth trajectory, driven by strategic market expansions and technological innovation, showcases GMGI’s emerging dominance in the global gaming landscape.
Brazil: A Game-Changing Market Entry
In what could prove to be a transformative catalyst, Meridianbet secured a coveted federal license in Brazil – a market projected to reach $2.5-4 billion annually. With instant access to over 100 million potential customers across all 26 states, this strategic move positions GMGI to capture substantial market share in one of the world’s most lucrative gaming opportunities.
North American Expansion Accelerates
The Group’s momentum in North America exemplifies its multi-market growth strategy:
- Strategic entry into the rapidly expanding U.S. sweepstakes gaming market, leveraging proprietary content from Expanse Studios
- Pending gaming license in Ontario, Canada’s largest regulated market
- Deployment of AI-driven gaming solutions to maximize player engagement and retention
GMGI’s Unified Ecosystem: A Competitive Moat
Meridianbet CEO showcased how the Group’s six synergistic companies create a formidable competitive advantage, presenting to investors a unique ecosystem:
- Meridianbet’s presence in 18 regulated jurisdictions, powered by 1,200+ employees including 100 software engineers
- Expanse Studios’ proprietary game development driving high-margin revenue lowering the reliance on third-party content
- Strategic assets across key growth markets: Mexplay in South America, Rkings in the UK, and Classics for a Cause in Australia
2025: Multiple Growth Catalysts Ahead
The confluence of strategic initiatives positions GMGI for accelerated growth:
- Brazil market ramp-up expected to drive substantial revenue expansion
- Proprietary AI technology deployment enhancing player monetization
- First-mover advantages in newly regulated markets
- Continued margin expansion through operational efficiencies
For investors seeking exposure to the explosive growth in global gaming, GMGI represents a unique opportunity: a proven operator with proprietary technology, multiple growth vectors, and strategic positioning in the world’s most promising gaming markets.
The post Meridianbet CEO Showcases GMGI’s $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference appeared first on Gaming and Gambling Industry in the Americas.
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