Latest News

Still Working Under Risky Curaçao? Here Are 3 Reliable Alternative Licenses

Published

3 months ago

August 27, 2024

The European online gambling market is rapidly growing. The next few years show growth from $52.30 billion in 2024 to $88.16 billion in 2029, thus recording an 11.01% yearly increase. Although Curaçao currently holds a significant share of the market, this is likely to change rapidly, especially now that the official abolishment of the Curaçao master license regime has entered into effect. These issues are becoming increasingly evident amid recent court decisions, which have increasingly favored European players.

Many operators choose to work under a Curaçao license due to its easy accessibility and simplicity during the initial stages. However, the easy access to the license is now no longer relevant, as operators are required to go through a more scrutinizing licensing process with the Curaçao Gambling Control Board to obtain a license. Previously, operators could simply engage with an existing master license holder, but with the abolition of this status, this previous advantage no longer applies.

Consider a typical player from a European country who plays at an online casino licensed by Curaçao instead of a local license as required by local law. When the player experiences a loss, they may decide to recover their money and file a lawsuit against the gaming platform in a court that adheres to European Union legislative acts. After obtaining a favorable judgment in their home country, the player can then bring this judgment to Curaçao for enforcement. According to the latest case law in Curaçao, the courts there have taken a very permissive approach towards such claims and have enforced them. The alternative for Curaçao-based companies and operators who refuse to pay such claims is the risk of being declared bankrupt. This process has provided a platform for fraudulent players and opportunistic lawyers to exploit the legal system to recover their so-called “lost” funds. Consequently, many operators are abandoning Curaçao licenses in favor of other jurisdictions like Kahnawake, Anjouan, or Tobique.

The current lack of specific protective measures found in other jurisdictions is a critical aspect of the issue. For example, Malta has promulgated Bill No. 55, which safeguards the licenses within its jurisdiction from the interference of foreign court rulings. This legislation is one of the most important in the field, ensuring online casino operators are not subjected to discrimination. To illustrate, if an operator is sued by players from Europe who have placed bets or wagers with the operator under a Maltese license, the local courts in Malta will not deliberate cases in which the legality of the use of the Maltese license is questioned if the license was used in accordance with Maltese requirements. Instead, the courts will block or dismiss any foreign judgment introduced in Malta, thereby protecting the operators. In contrast, Curaçao courts have taken a completely different course, actually paving the way for players to exploit the system and bring claims against Curaçao operators for the reinstatement of legitimately “lost” funds.

European Gaming Congress 2024 (Warsaw, Poland)

Alternative Licenses: Kahnawake, Anjouan, and Tobique

Amid this danger and lack of protection, operators are increasingly considering alternative licensing options in other jurisdictions such as Kahnawake, Anjouan, and Tobique. These jurisdictions offer several advantages that make them attractive to operators.

Kahnawake: The Kahnawake is one of the oldest and most reliable of the jurisdictions providing a license for online gambling, and can be found in Canada. It is famed for its rigid regulatory regime coupled with strong legal resistance against opportunistic litigation. Kahnawake licensed operators can rest assured that the legal environment will be stable and predictable, thus, the legal issues that can be very costly are minimized.

Anjouan: Part of the Union of the Comoros, Anjouan also offers favorable conditions for online gambling operators. This jurisdiction does not require operators to have a physical presence, allowing them to avoid direct oversight by local courts. Anjouan provides flexible business conditions and reliable legal protection, making it an attractive alternative for operators looking to minimize legal risks.

Tobique: Also located in Canada, Tobique offers online gambling operators unique opportunities. This jurisdiction is characterized by flexible management and provides operators with a stable and predictable legal environment. With no requirements for physical presence and strong protection against lawsuits, Tobique is an appealing option for operators seeking a secure and stable licensing base.

These jurisdictions share several common advantages that make them preferable for operators:

Protection against opportunistic lawsuits: These jurisdictions often have better protections against frivolous or opportunistic lawsuits, reducing the risk of costly legal battles.

Flexible jurisdiction management: Many alternative licenses do not require operators to have a physical presence in the licensing jurisdiction. This allows operators to avoid direct oversight by local courts, which can lead to unfavorable rulings.

Stability and predictability: By choosing a jurisdiction with a more stable and predictable legal environment, operators can safeguard their business from the type of legal exploitation observed in Curaçao.

The i-gaming sector is a bright and always growing one, with many new regulators, permissions, prohibitions, jurisdictions, and licenses coming up all the time. By working under just one well-known license, operators narrow down their options, which is an unwise strategic decision. Surely, the Curaçao license is one of the easiest to get and most recognizable today, but this strong brand name has very high risks. Nevertheless, new licenses give new chances for the operators, with the major advantages being stability and safety.

Latest News

Huge Jackpot at King Billy Casino: C$3,658,306!

Published

11 hours ago

November 14, 2024

Zoltan Tundik

huge-jackpot-at-king-billy-casino:-c$3,658,306!

Reading Time: 2 minutes

King Billy Casino, launched in 2017, has had some impressive players wins during the “reign of King Billy”. A few of them include Live Game winnings of €135,223, daily winnings from 2 or more slots of $164,000, and €250,000 won on a single spin. However, the latest win by a King Billy Casino player dwarfs every big win that has come before this. Actually, it’s bigger than all previous big wins combined for the operator!

Because, we are talking about C$3,658,306.

This amazing six-digit number was the result of a player going on a safari in her (and millions of other players) beloved Mega Moolah progressive slot from Games Global. In an autumn, the player stepped into eternal summer by wagering a small C$6,25 bet and winning 562.816 times her bet! This is the power of Mega Moolah, as evidenced at King Billy.

King Billy people had only warm words for the occasion. A representative of the casino has stated: “We are elated, for this huge big win. We can never forget that our first big win, many years back, was more than 200,000 Canadian dollars, so we have special ties with the region. And it’s now amazing to see our VIP-player making such a cashback and echoing that big win! Congratulations to our player”.

A few words about Mega Moolah. It was an Internet sensation when it was launched with its beautiful graphics and sounds, and immersive gameplay and it is a sensation today, still going strong after almost 20 years. The slot, which has spawned more than 20 variations, and has given millions in cash to players all over the world (including 5 millionaires in 2024 alone) features 4 types of jackpots that make it stand out from the competition.

About Games Global

Games Global is a supplier of the online gaming industry delivering force and direction to gaming with more than 1,300 top class games. The company has made a commitment to deliver the industry’s more disruptive ideas and compelling data-driven gaming experiences. Games Global features a total of 40+ partnered and in-house studios, services 600+ branded websites and boasts record-breaking jackpots with its worldwide network.

About King Billy Casino

Established on St Patrick’s Day in 2017, King Billy is a renowned new generation casino with more than 26 awards and accolades. The casino is available in English, German, French and Finnish, and created a unique user experience, building on the theme of King Billy and his Kingdom. King Billy ensures that all its players, “Citizens” in the casino language, receive the care and attention they deserve.

The post Huge Jackpot at King Billy Casino: C$3,658,306! appeared first on European Gaming Industry News.

Boyd Interactive

Play’n GO announces landmark partnership with Resorts Digital Gaming

Published

13 hours ago

November 14, 2024

GamingAmericas.com

play’n-go-announces-landmark-partnership-with-resorts-digital-gaming

Play’n GO, the world’s leading casino entertainment provider, has today announced its latest US operator partnership, with Resorts Digital Gaming, in the state of New Jersey.

Resorts Digital Gaming was acquired by Boyd Interactive in September 2024, and this announcement sees the group’s players on the www.resortscasino.com and www.mohegansuncasino.com brands in New Jersey gain access to a multitude of classic Play’n GO game titles, such as the legendary Book of Dead, Rise of Merlin, and Rise of Olympus.

Play’n GO entered New Jersey in September 2022, shortly after first launching in the US via the state of West Virginia in July of that year. It has since seen its games live in Michigan, Pennsylvania, and most recently, Connecticut.

Magnus Olsson, Chief Commercial Officer at Play’n GO, commented “New Jersey has been of crucial importance to our US operations for over two years now, so it is with great pleasure that we make this announcement in conjunction with Resorts Digital Gaming.

“The company joins together two instantly recognizable operator brands, and the addition of Play’n GO’s games will be of enormous mutual benefit. We confidently describe ourselves as the world’s leading casino entertainment provider, and partnerships like this one are of great importance to us in establishing that idea. We’re excited to see this partnership flourish.”

Jim Ryan, Chief Executive Officer at Boyd Interactive, added “The whole Resorts Digital Gaming team is excited to bring Play’n GO games to our players. Play’n GO is one of the world’s leading iGaming brands, and we’re confident that our players are as excited as we are to see those Play’n GO titles on both www.resortscasino.com and www.mohegansuncasino.com.”

Interviews

Exclusive Q&A w/ Radek Pšurný, CEO at Match Hype

Published

14 hours ago

November 14, 2024

George Miller

exclusive-q&a-w/-radek-psurny,-ceo-at-match-hype

Reading Time: 3 minutes

Match Hype has just won two industry competitions. Talk us through your product.

Match Hype brings engagement from social media platforms like TikTok and Instagram into the sportsbook. Our technology automatically turns raw sports data into short videos full of sports and betting insights. We have the capacity to create up to a million videos daily in more than 30 languages. We also provide hosting and streaming of the videos, and we track everything in the video thanks to our own player. The high level of video experience and the scale make us unique in the market, and we believe that this innovation is extremely needed in the industry—and the judges in the competitions probably agree with us.

What technologies are you leveraging to deliver such a cutting-edge tool/product?

We have more than six years’ experience in developing dynamic video solutions for clients like Microsoft, HBO, and SAP, and a decade in high-end video production for similarly well-known clients. Match Hype is the essence of this. We have developed our own robust cloud infrastructure that enables us to work on a huge scale. We can also leverage the integration of third-party solutions that help us make the video content rich and engaging. The AI boom came at the right time to help us make the experience for the viewer even better.

Who is Match Hype aimed at?

We focus mostly on sportsbook operators, where we think we can bring the biggest value. But we also have clients on the affiliate and media side. Our “competition” at the moment are creative professionals who are able to create one video at a time. To cover hundreds or thousands of events daily, you need huge manpower. With Match Hype, you don’t need that—it’s all automated. Anybody who appreciates this level of efficiency will benefit.

The end users are any sports fans who enjoy engaging videos. So basically everybody.

Has this industry been slow to embrace video content and unlock the potential it offers? If so, why?

It’s hard for us to talk about the whole industry, as we haven’t been part of it for that long. But iGaming feels like a conservative industry where only truly meaningful innovations make it. Fingers crossed for Match Hype being one of them. We are confident because of our track record in other industries, and mostly thanks to the results of our dynamic videos that are already used by significant igaming industry players.

What makes video content so effective at customer acquisition? How can Match Hype be used in this regard?

People just love video content. In the last review, TikTok said that the average user spends around 90 minutes a day on their platform. Platforms like Spotify used to be music and podcasts only; now they are full of videos. You just can’t ignore that. Video killed the radio star, and a static sportsbook is next to die.

And what about retention? How can it be used to keep players engaged and coming back for more?

Imagine that a 30-second video gives you the exact insights to help you make a betting decision without spending dozens of minutes on different resources to gather all the information. People don’t want to read anymore. This is probably an even bigger strength of Match Hype than user acquisition.

What can we expect from Match Hype in the coming months?

We will establish Match Hype as an industry standard for dynamic video content. We’ll bring many more sports like tennis, basketball horse racing and. We are preparing real-time video use cases—for example, half-time updates in football—and new distribution channels like integration directly into streams. The potential is huge. Stay tuned.

Any final thoughts?

For the last year, we have talked with literally hundreds of iGaming experts, investors, and executives. Almost every one of them sees fan engagement as a huge topic in the upcoming months and years. And video will definitely play a key part in it.

Video says more than a thousand words. Give it a go—watch one of our 30-second videos and see for yourself.

The post Exclusive Q&A w/ Radek Pšurný, CEO at Match Hype appeared first on European Gaming Industry News.