In Bavaria there are nine casinos in all. The most successful Bavarian casino is situated in Bad Wiessee, directly near Lake Tegern near Munich. Last year, 33.5 million Euro were gambled away just in this casino. The population living in the area tends to be quite wealthy so that explains the high sales in the casino near Lake Tegern.
Callie Rogers’ life was not easy. When she was 16, she had worked as a salesgirl earning 5 Euro an hour. A lotto ticket and her winning (when converted) 2.5 million Euro changed everything. Money in abundance, designer clothes, parties, drugs, depressions, three breast enlargements and then everything was suddenly gone. Meanwhile she is 35 years old and is back at school.
An RTL reporter took the test and over a period of two weeks tried out all forms of gambling which are available. She bought lottery scratch tickets, took part in a lottery draw, visited a gambling hall, and of course gambled in an online casino. How did the test go and how much money did she have left from the initial budget of 300 Euro?
The Crown London Aspinalls is a well renowned private games of chance club. In 2016 a player lost around 600,000 GBP whilst playing Baccarat. The problem: the high roller did not have the money in cash. Instead, he paid the casino by cheque. However, the cheque later bounced. Now the court must decide whether the player must pay the money or not. The player is appealing and is stating that he was drunk.
A market analysis carried out by the GGL, (Gemeinsamen Glücksspielbehörde der Länder), the gambling authority responsible for all regions in Germany, revealed that more than 95 % of the sales on the German sports betting market is generated by legal providers. This shows a contrasting picture to other market data which was published recently by the German sports betting organisation (Deutsche Sportwettenverband (DSWV). This data shows that there was a sharp fall in sales when compared to the previous years. One of the main reasons: the huge black market.
In 2023 the Formula 1 will be holding the Grand Prix in Las Vegas for the first time. When the events were announced in 2022, one could already notice that the city and the racing team are looking at a long-time cooperation. Actually, the contract runs till 2025. The authorities in Las Vegas are aspiring to have a minimum of ten years‘ partnership and closing the strip for the races and the billion-dollar-business every year.
For some time, we have been seeing an increase in the number of illegal slot machines in Germany. Nearly every day it is reported in the media that illegal slot machines are confiscated during raids. However even for the investigating authorities it is often not easy to recognise money slot-machines which are manipulated. What can the perpetrators earn from such illegal slot machines?
In late Summer 2022 there were already reports in the German media about the 17-year-old apprentice from Carinthia who had made a complaint against the PlayStation group Sony. The claimant’s lawyer sees an infringement against the Austrian Gambling Legislation in the player selection in the FIFA loot boxes which is generated randomly after money is transferred. Several complaints followed. The case was heard at the end of February 2023.
A report published by analysts at TechNavio has predicted that the online gambling market could be worth a whopping $ 305.5 billion by 2027. The report went on to state that the online gambling industry was worth $ 155.51 billion in 2017.
This would see an increase by as much as $ 150.5 billion at a computer annual rate (CAGR) of 11.03 % to hit a market value of $ 305.5 billion.
Recently, in America a lawyer had to reply for the fact that she had defrauded her investors the sum of 10 million. According to the charges, she had squandered the money in the gambling metropole of Las Vegas. Now she must pay the money back within two weeks.
From July 2021, amusement arcades in Baden-Württemberg cannot be located within 500 metres of children's and youth facilities. This distance requirement also applies to the premises themselves. If a casino is too close to a school, kindergarten, etc., it will not be allowed to offer games of chance. or does not have sufficient distance to its competitors, it will receive a letter from the Administrative Court of Baden-Württemberg. These regulations have already forced some casinos to close their doors. However, two operators do not want to go that way. Following a complaint, they have been vindicated for the time being!
On the 14th. March 2023 the popular Twitch-streamer and E-sportsman “Flobby” died at the age of only 22 years. According to the information given by his friend and streamer colleague “Big Spin” from the E-sports-organisation SK Gaming, Justus von Eitzen, as he is known by his civil name, committed suicide. Now on the internet there is speculation about why the successful streamer has chosen to die at such a young age.
A few days ago, xRohat, one of the most successful German streamers on Twitch, criticised the wages of the top streamers. In his opinion it is not necessary for successful streamers to cooperate with online casinos. The 20-year-old was hinting at the recently announced casino deal of his colleague “Bazzi”. But do the Twitch-Stars really earn too much for their activities?
Those who gamble in a casino or make sports bets will at one time or other realise that psychology has a strong influence on gambling behaviour. The reward system of the human brain is very powerful among the other psychological factors and processes. Its influences are very often seen in a negative context. They can actually be used as an advantage!
A few days ago, the 74th. Formula 1 World Championships Grand Prix started in Bahrain. During the preparations, the racing team of Alfa Romeo has attracted unwanted attention. The reason for this being the new title sponsor- the crypto casino Stake.com. Is a gambling provider as a main sponsor of a Formula 1 race morally acceptable and reliable?