regulation – GamblersNews https://gamblersnews.com Betting News Hub Tue, 23 Jul 2019 22:32:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.10 https://gamblersnews.com/wp-content/uploads/2019/01/cropped-gambling-icon-32x32.png regulation – GamblersNews https://gamblersnews.com 32 32 iSoftBet Entering Newly Regulated Swiss Online Gaming Market https://gamblersnews.com/isoftbet-entering-newly-regulated-swiss-online-gaming-market/632/ https://gamblersnews.com/isoftbet-entering-newly-regulated-swiss-online-gaming-market/632/#respond Tue, 23 Jul 2019 22:32:35 +0000 https://gamblersnews.com/?p=632 As announced recently, iSoftBet is about to enter the newly regulated Swiss online gaming market. This means that players from Switzerland will finally be offered an impressive collection of iSoftBet-powered games and titles. The British online casino software provider was delighted to announce this news about its debut in the Swiss iGaming market which is […]

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As announced recently, iSoftBet is about to enter the newly regulated Swiss online gaming market. This means that players from Switzerland will finally be offered an impressive collection of iSoftBet-powered games and titles. The British online casino software provider was delighted to announce this news about its debut in the Swiss iGaming market which is a huge step towards expanding its business and its fan base.

In its official press release, the company stated that more of seventy video slots including its most recent games such as Book of Immortals, Jumbo Stampede, Hot Spin, and Lucky Stripes will be available very soon to players from Switzerland. What is even more, all of these games are mobile-friendly, so fans of mobile gaming will be able to enjoy them via all portable devices while on the move.

One of the Leaders in the iGaming Industry

iSoftBet is one of the most prominent companies of this kind in the industry which is specialized in the production of high-quality, top-notch online casino games including slot games. The company has offices in Luxembourg and London while its services and products are available to customers from all over the globe. Thanks to the company’s ever-growing popularity, its games can be found across many online gaming venues active in regulated markets.

Actually, iSoftBet is one of the best manufacturers of video slots. The company is best known for its five-reeled games based on movies and TV series such as Platoon, Rambo and Beverly Hills 90210. Their other mega-popular titles include Wild Ape, Super Fast Hot Hot Respin, Imperial Wealth, The Fortune Pig, 3888 Ways of the Dragon, Hot Shots, The Nutcracker, Pearl of the Orient, Stacks O’Gold, Chilli Chilli Bang Bang, and The Dalai Panda.

iSoftBet has also produced a number of exciting three-reeled games including Ultimate Super Reels, Super Diamond Wild, Lucky Lady, Cherry Trio, and many others. All of these games are characterized by impressive graphics and visuals, awesome sound effects and even more importantly, generous payouts and innovative bonus features. Thanks to the company’s debit into the Swiss iGaming markets, Swiss players will finally be able to try these games.

iSoftBet Supplying More Than Thirty Online Gaming Operators

Following the news about expanding into the newly regulated Swiss online gaming market, the company’s Chief Commercial Officer Michael Probert said that this latest debut is actually iSoftBet’s sixteenth market expansion as the company has already been licensed and certified to offer its games in various other jurisdictions including the United Kingdom, Italy, Latvia, and Spain. Probert also added that his company had an amazing twelve-month period behind them thanks to a number of important business deals and agreements.

In his official press release, the company’s Chief Commercial Officer said that iSoftBet is delighted to be working alongside a host of top-notch brands in the industry which will eventually help the company to expand their business in a number of new territories starting with Switzerland. He also said that iSoftBet is extremely excited to enter the Swiss iGaming market as they believe its features all sorts of business growth and expansion potentials especially as the market is newly regulated. Currently, iSoftBet supplies its video slots and other games to over thirty online casino venues while it holds certifications from many regulators such as Alderney, Romania, Portugal, Estonia, and Belgium.

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State’s Lawmakers Musing Over Massive Gambling Expansion in Illinois https://gamblersnews.com/states-lawmakers-musing-over-massive-gambling-expansion-in-illinois/585/ https://gamblersnews.com/states-lawmakers-musing-over-massive-gambling-expansion-in-illinois/585/#respond Wed, 03 Jul 2019 23:16:41 +0000 https://gamblersnews.com/?p=585 Illinois is finally gearing up for its biggest gambling market expansion in recent years. Following the news, all of the state’s major gambling operators have already started accessing their new opportunities for business growth in the state’s ever-growing gambling market. Moreover, all sorts of Las Vegas machine manufacturers are also looking forward to scooping their […]

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Illinois is finally gearing up for its biggest gambling market expansion in recent years. Following the news, all of the state’s major gambling operators have already started accessing their new opportunities for business growth in the state’s ever-growing gambling market. Moreover, all sorts of Las Vegas machine manufacturers are also looking forward to scooping their piece of cake.

At the beginning of this month, the Illinois Legislature finally passed a gambling reform which allows the addition of six new land-based gambling venues including one new land-based casino located in Chicago. This recently passed gambling reform also regulates sportsbetting activities as well as allow the addition of new slot machines at Chicago Midway International and O’Hare International airports.

Furthermore, the reform also allows the addition of more gambling machines at taverns and bars among other places. However, this new legislation piece has to be signed by the state’s Governor J.B. Pritzker. This will probably happen soon considering the fact that the state’s officials have been very supportive of the possible gambling expansion. In other words, the state’s officials believe that the state’s Governor will sign the legislature.

30,000 Additional Video Gaming and Slot Machines in Illinois

As soon as this piece of legislation is signed by the Governor, the state of Illinois will allow more than 30,000 additional video gaming and slot machines to be placed in a number of land-based gambling facilities, bars, taverns, airports, casinos and other. While many gambling operators working within the state’s border are extremely delighted with the news about this gambling expansion, many industry’s experts believe that not all of these newly available positions for slot machines and video gaming terminals will be actually filled.

Experts also agree that this upcoming Illinois gambling reform is more likely to add between 15,000 up to 20,000 new slot machines and video gaming machines across the state. Following this news, Barry Jones who is the SunTrust analyst said that 30,000 slots and video gaming machines could be added within the state’s facilities only if new land-based casino venues get built. In his official statement, Jones also said that he estimated that these new gaming machines could potentially generate up to $224 million in earning if all newly available positions are filled which according to him is not likely to happen.

All Top Manufacturers Closely Following the Expansion

There is no surprise in the fact that all of the top slot machines and video gaming terminals manufacturers are closely following the state’s most recent gambling reform. Following the news, Derik Mooberry who is the Scientific Games Group Chief Executive and Executive Vice President said that all of the most prominent, Las Vegas-based manufacturers are delighted to see this approved bill active as it provides loads of opportunities for each one of them.

Derik Mooberry in his official statement for Las Vegas Review Journal also said that Scientific Games as one of the leading slot machines and video gaming terminal supplier in the entire state’s market will take part in all Illinois gambling market expansion alongside other top manufacturers. Another company which plans on taking part in all aspects of this upcoming gambling expansion is IGT whose Vice President Paul O’Shaughnessy said that his company sees this latest gambling reform as an amazing opportunity to install their slot machine at the state’s airports and among other crowded facilities.

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Dutch Senate Adopts Remote Gambling Bill https://gamblersnews.com/dutch-senate-adopts-remote-gambling-bill/183/ https://gamblersnews.com/dutch-senate-adopts-remote-gambling-bill/183/#respond Fri, 01 Mar 2019 20:34:02 +0000 https://gamblersnews.com/?p=183 Internet-based gambling is a field of enormous growth. Many people keep investing in this field and adopting new technologies. Since the online gambling market has expanded significantly over the past couple of years, it was a matter of time when the online gaming legislation for the Netherlands would be approved. This important decision was made […]

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Internet-based gambling is a field of enormous growth. Many people keep investing in this field and adopting new technologies. Since the online gambling market has expanded significantly over the past couple of years, it was a matter of time when the online gaming legislation for the Netherlands would be approved.

This important decision was made at the beginning of the year when the Dutch Senate voted in favor of legalizing online gambling. They’ve waited for a long time for the internet gambling regulation, and it finally came into force a few days ago.

The Netherlands enters the World of Online Gambling

February 19th was an important date for the Netherlands because it’s the beginning of regulated online-based gambling in this country, located in Northwestern Europe. From the moment Senate decided that online gambling should be legal, all foreign and Dutch companies are able to apply for online gambling licenses.

Financieele Dagblad, a daily Dutch newspaper about business and financial matters, reported that there are over 300 companies interested in opening a gambling website. Fifty of them were eagerly waiting for the Netherlands to enter the world of online gambling so that they can apply for and obtain a gambling license.

Back in 2016, a lower house made a decision to allow third parties to offer online gambling within the Netherlands. It was then expected for the legalization to happen in early 2018, but there were obviously some issues that needed to be solved. Holland Casino is the only state-regulated casino in the Netherlands so far, but the fact is that many international casino operators were targeting Dutch players, disregarding the ban.

Even though two Christian parties in the ruling coalition didn’t vote for the legislation, the majority outvoted them. The reason the opponents are against the legalizing of online gambling is that they’re afraid that it will lead to increased gambling addictions. This is also the case in many other countries where the main argument for voting against the legislation is the safety of players and gambling addiction.

Regardless of these negative opinions toward gambling, the Dutch Senate officially adopted the Remote Gambling Bill. The regulated online gambling market in the Netherlands will probably kick off in late 2020 or early 2021. Despite those standing against the regulation, it is expected this bill will help create a safer gaming environment offering more protection for the players.

Ways to restrain Illegal Gambling

Any sort of ignoring the bans and the rules will be penalized, now that the Senate has adopted 3 additional notions for ensuring the safety of their players.

Their first notion will be shutting down illegal operators for 2 years due to ignoring the ban and targeting Dutch players. The second notion is to consider returning IP and Domain Name System blocking after the evaluation of the enacted bill. The third notion involves encouraging the government to explore how desirable it is to completely ban gambling advertisement.

All in all, the future of Netherlands gambling will be bright but they have a lot of work to do in order to keep their players safe and to protect them from scams and illegal gambling.

Image credit: Xandra R / Shutterstock.com

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