UK stake limit expected to reduce online slots revenue

The U.K. government Department for Culture, Media & Sport has revealed that maximum stake limits to be introduced for online slots are expected to reduce gross gambling yield by £166.2 million, that would be a 5.2% drop in online slots yield and a 2.6% drop in total online gambling yield.

The government announced on Friday that there will be a general limit of £5 per spin and a lower limit of £2 for customers aged under 25. The latter limit is the same as the limit placed on land-based fixed-odds betting machines (FOBTs) in 2019.

The government recognised that operators will also face costs related to the implementation and testing of mechanisms to enforce the new limit on games. It said these costs will be estimated in a final impact assessment to be published later in the year.

The DCMS received 98 responses to its consultation on the proposal, with 46 individual respondents and 52 from organisations. It said that 60 per cent favoured the stake limit of £2 or under for younger adults and that 34 per cent had been in favour of a £2 limit for all ages. 안전 토토사이트

The DCMS said: “We believe that a £5 limit will achieve the government’s stated objectives in a proportionate way, with a lower risk of unintended consequences such as displacement to the illegal online market. We think that a £5 maximum stake for adults aged 25 and over will help to reduce harm because of the constraint on a player’s ability to place very large stakes quickly.

“Around 20 per cent of customers currently choose to stake over £5 on a spin at least once a year (so will be impacted by this measure), but only 0.6 per cent of all spins are over £5. Moreover, it takes consideration of the structural differences between land-based in-person gambling and online play. A £5 limit aligns with the stake limit for B1 machines in casinos which we believe to be the most comparable land-based gambling environment in terms of risk.”

On the lower limit for under 25s, it said: “A separate limit for young adults aligns with the wider government approach to gambling of targeted and evidence-based interventions for those at risk, while not unduly restricting others.”
Implementation of the UK online casino slot limits

It’s the first time there has been a limit placed on online slot spins in the UK. The measure will be implemented through secondary legislation, allowing a fairly rapid introduction. It will come into force in September, and there will two transition periods to give operators time to update their systems.

There will be an initial six-week transition period by the end of which operators must comply with the £5 limit. A second six-week period will provide additional time if needed to adapt systems to comply with the lower limit for under 24s.

€19.6 million fine imposed on Gammix Limited

The Dutch Gaming Authority has imposed a fine of €19,679,000 on Gammix Limited for offering online games of chance without a license. That is forbidden. Previously, Gammix had already been ordered to pay a penalty of 4 million euros for the illegal offer.

Gammix offers illegal online games of chance on several websites (including rantcasino.com, betoriginal.com, bluvegas.com, cashimashi.com, goslot.com, nordslot.com, vegadream.com and scatters.com) that are available to players in the Netherlands. Gammix has not taken any measures to ban players from the Netherlands.

Previously, the Ksa imposed an order for incremental penalty payments for illegal online gambling offerings on Rant Casino and NordSlot. The illegal activities were not stopped after that, after which this penalty of four million euros was collected at the beginning of 2023. Gammix lodged an objection against that collection.

René Jansen, chairman of the Ksa: 'Dutch players must be protected: that is why we are cracking down on illegal offers. We see that illegal providers often pay little attention to the player and do not adhere to a duty of care. We also see this with this provider: for example, there was no clear age verification. That is hugely harmful. That is why we will continue to take punitive action, even if providers repeatedly make mistakes.' 실시간 바카라사이트

With an amount of almost 20 million euros, this is the highest fine imposed by the Ksa since its establishment. When determining the amount of the fine, the estimated turnover of Dutch players is taken into account, among other things, but also circumstances that increase the fine. In the case of Gammix, these included the lack of age verification, the possibility of autoplay and turbo play (and thus the incitement to immoderate play) and other unreasonable conditions.

Betfred partners with US Integrity

Betfred USA and U.S. Integrity today announced a partnership that will provide Betfred with monitoring software and tools that will play a pivotal role in preventing student-athletes, coaches, and staff from engaging in prohibited sports wagering.

Kresimir Spajic, CEO of Betfred USA, underscored the importance of this service, stating “Through our renewed partnership with U.S. Integrity, strengthened by the integration of ProhiBet technology, we reaffirm our unwavering commitment to integrity and compliance by providing a secure and transparent system that aligns seamlessly with the regulatory framework surrounding sports betting.”

Through their partnership with U.S. Integrity, Betfred will be provided access to ProhiBet, a technology that provides a secure and transparent method for sportsbook operators and sports properties to ensure that student-athletes, coaches, and administrative staff remain compliant with the intricate web of state regulations that govern sports betting activities.

“We are thrilled to partner with Betfred -- the combination of ProhiBet's state-of-the-art encrypted data transfer system and Betfred’s dedication to upholding the integrity of sports will undoubtedly enhance the transparency and trustworthiness of current and future prohibited bettors,” stated Matt Heap, Managing Director of ProhiBet. Heap brings a wealth of experience in the field as the former head of the Colorado Division of Gaming’s sportsbook operations.

Betfred’s partnership with U.S. Integrity and ProhiBet is part of a two-fold approach to solidify the sportsbook operator oversight surrounding sports betting and prohibited bettors. 토토사이트 추천

AvatarUX enters US with launch on Caesars Palace Online Casino in Michigan

AvatarUX, the innovative slots studio, is now live in the regulated U.S. iGaming market for the first time following an exclusive launch on Caesars Palace Online Casino in Michigan.

This important milestone marks the first step towards the studio’s aim to set its footprint in the regulated U.S. and Canada through its agreement with Light & Wonder.

The first title, KokeshiPop is now live exclusively on Caesars Palace Online as of 27 February, marking the first time AvatarUX’s content, headlined by its PopWins mechanic, is available to U.S. players. Following this first launch, more titles will be released in North America across top U.S. operators in different jurisdictions.

AvatarUX’s award-winning offering has consistently produced engaging hits across the globe, with its thrilling video slots that utilize innovative, in-house developed mechanics and features.

Lara Falzon, CEO at AvatarUX, said: “Caesars is a name that needs no introduction in the world of gaming and casino entertainment, and we’re delighted to make our U.S. market entry with such a prestigious brand.

“KokeshiPop is a proven performer and one of our most exciting, fast-paced PopWins games and we are confident that Caesars customers will love the theme and nature of the title. It is a landmark moment for AvatarUX, and one we will look to use as a launchpad to further our growth in North America.”

Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital, said: “We are pleased to be the first operator in the U.S. to bring AvatarUX’s content exclusively to our players, starting with KokeshiPop. This exciting launch falls in line with our goal of offering fresh and innovative content to our players across our iGaming platforms.” 온라인카지노사이트

Steve Mayes, Senior Director Digital Partnerships at Light & Wonder, added: “We have been working closely with AvatarUX for several years, and it is a pleasure to enable their launch into the US. We are looking forward to seeing the great content from AvatarUX available to players in the US with Caesars Palace online casino.”

Habanero braces players for an adventure in Vampire's Fate

Premium slots and table games provider Habanero has released Vampire's Fate, a terrifyingly-thrilling slot, where transforming Wilds can be unleashed to unlock big wins.

Players are transported to Transylvania in this 5x3 slot, while transforming wild symbols expand vertically and replace surrounding positions on the reels.

Keeping in the eerie backdrop, wolf Scatter symbols trigger the bonus game where players are invited to pick a multiplier value of 2x, 4x or 8x for all wilds that land during this round, offering 14, ten and six Free Games respectively.

A further eight Free Games can be awarded if Scatters land during the Free Games mode, boosting win potential and the opportunity to defeat the vampires within their realm.

With its latest release focusing on a haunting voyage into the unknown, the new title showcases Habanero’s versatility to deliver high-quality games across a variety of themes following the previous launch of Hot Hot Summer.

Commenting on the release, Toni Karapetrov, Head of Corporate Communications at Habanero, said: “Vampire’s Fate is a welcome addition to our portfolio, as this title transports players to the home of vampires – Transylvania – as they seek to defeat the demons and collect those big prizes. 안전 토토사이트

“The Free Games feature with Expanding Wilds is the key to success on this slot, keeping the vampires at bay and banishing them from their realm once and for all.”