Latest News
LeanBackPlayer Releases UK Casino Revenue Report: A Look At The Industry In Uncharted Times
Following detailed research and expert industry knowledge, LeanBackPlayer has published a report on the health of the gambling industry; giving readers an invaluable insight into current trends and what the future may hold.
LeanBackPlayer has collected the whole spectrum of the critical data to bring readers a complete picture of the current situation in the gaming industry.
The world wide crisis of COVID has turned the entire economy on its head, leaving huge swathes of it in absolute turmoil; but how has the gambling industry fared in these troubled times?
This fascinating article breaks down the various angles on the COVID situation and leaves the reader with a much deeper understanding of the issues that will impact millions of gamblers, industry insiders and the economy as a whole for years to come.
Could The Future Of Online Gambling Be Recession Proof?
It has long been said that gambling is not a recession proof sector of the economy but the unusual circumstances of the current COVID crisis has brought even this long held adage into question.
People have been spending far longer at home due to lockdowns; spending a large proportion of their time online. This has meant that the negative impacts on the online gaming industry, while still significant, have been mitigated to some degree compared to other comparable sectors of the economy.
However, other factors that need to be taken into account include the restrictions on sporting events which has spelt disaster for bookies around the globe, the tax revenues that gambling generates and the prospects for the brick and mortar gambling sector.
Online casinos have been able to keep their doors open, and even though the largest generator of revenue remains the Slot machines, there is a gradual increase in the diversity of player’s preferences as their brick and mortar options remain limited.
Is The Trend Moving Towards Online Gaming?
Ever since the introduction of online gaming, the virtual casino has been slowly capturing more and more of the market share, taking players from brick and mortar institutions and bringing them to online platforms instead.
There are concerns among experts who have pointed out that the ability to gamble from the comfort of one’s own home may be leading to more problematic gambling behaviours. The impact of the COVID crisis in 2020 has not yet been fully analyzed in the context of problematic gambling by experts, however in their recently published article, LeanBackPlayer breaks down some of the key observations on this societal issue, and many others, in a clear and concise way.
View the full report here: https://www.leanbackplayer.com/uk-casino-revenue/
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Canada
Soft2Bet granted Ontario Certification of Registration and readies for imminent launch
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.
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.
Latest News
SUPER WILD FREE SPINS™ SET TO TAKE PLAYERS ON A WILD RIDE
Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems, and solutions, is delighted to announce the launch of Super Wild Free Spins to the B3/LBO market.
Players can immerse themselves in the thrill of a brand-new 10-win line slot game, where every spin promises wild excitement. Experience the adrenaline rush of an exhilarating bonus round, triggered by landing three or more bonus symbols. Achieving this feat awards 12 Free Spins along with a generous cash prize!
The Super Wild symbol steals the spotlight in this slot, expanding to fill the reels, elevating the excitement to new heights by upgrading symbols to lucrative rewards in both the base game and Free Spins bonus.
The Super Wild symbol steals the spotlight in this slot, expanding to fill the reels, elevating the excitement to new heights by upgrading symbols to lucrative rewards in both the base game and Free Spins bonus.
But wait, there’s more! During Free Spins, Super Wild Symbols not only award extra spins but also upgrade symbols for higher payouts.
Richard Terry, UK Market Product Director, said: “Super Wild Free Spins is a quality addition to the B3 sector, coming hot on the heels of a stunning set of recent titles. This vibrantly themed slot with a classic expanding wild mechanic is sure to appeal to experienced and new slot players alike.”
Find out more here: inseinc.com
Latest News
Fanatics Sportsbook Launches Today in Kansas
Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings Inc, a global digital sports platform, launched the Fanatics Sportsbook today in Kansas. Sports fans living in and visiting Kansas will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics Sportsbook experience. Kansas marks the seventeenth state for the Fanatics Sportsbook.
In August 2023, Fanatics Betting and Gaming began acquiring the U.S. businesses of PointsBet and planning the migration of PointsBet customers to the Fanatics Sportsbook app. Today in Kansas, each PointsBet customer’s username, password, account balance, rewards points and responsible gaming settings will be automatically migrated to the Fanatics Sportsbook.
The Fanatics Sportsbook makes being a fan easy with fast signup, easy betting, transparent withdrawals and is disrupting the sports betting industry with the following new features:
- Building a better sportsbook: The Fanatics Sportsbook app was built natively on iOS and Android. The design, speed and quality of the navigation experience rival the sports betting apps in the market today that were not built specifically for iOS and Android.
- FanCash: The Fanatics Sportsbook is the only sportsbook that gives customers up to 5% of their wager back in FanCash. Every dollar of FanCash is a dollar to spend on bonus bets or Fanatics.com.
- Discover: The Fanatics Sportsbook Discover page features marquee games, trending bets, promos and the rewards you want most. In the near future, the Discover page will be personalized to the customer’s favorite teams, sports and markets.
- Search: The Fanatics Sportsbook offers industry-leading search functionality, including a search bar, recent searches, autocomplete, synonym/alias and deep linking. Customers can search easily for the bet they want and bet directly right from the search results.
Fanatics Betting and Gaming believes that responsible gaming is a core tenet and a part of the organization’s DNA. Online customers will have access to Responsible Gaming tools to manage their time and money alongside a best in class Help Center, chat experience and knowledgeable agents with 24/7 coverage.
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