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Online Casinos

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Novomatic makes around 263 million Euro loss in 2020

A few days ago the global business gambling company Novomatic published its End of Year Financial Report for the past year. As the consolidated financial statements indicate, Novomatic AG generated a negative year-end result of 262,8 million euro. The year before, the Austrian gambling group had reached a yearly profit of 97,3 million euro.

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Flutter plans 500 Euro loss-limit for U25 players

As it was announced a few days ago, the gambling group Flutter Entertainment plans the introduction of a monthly loss-limit for young gamblers. Thus there will be a monthly deposit, or as the case may be, loss-limit of 500 Euro or 500 GBP for all players under 25 years. But does a flat rate loss-limit for U25 players make sense?

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LeoVegas: 81 % Plunge in sales in Germany

On the 1st. July 2021 the new gambling legislation came into effect in Germany. Previously the strict measures introduced to protect the players had aroused lots of criticism. Now it appears, that the new gaming regulation in Germany is having a huge impact on the revenue of the operators.

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Evobet loses MGA-Licence

As the Maltese Gambling Authorities announced a few days ago, the gambling provider Evobet, as from 16th. July 2021, does not have a valid licence from Malta anymore. The Malta Gaming Authority (MGA) has revoked the gambling licence of Evobet. But what are the reasons for this radical measure?

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Best player protection: GamCare-Award goes to Playtech

This year’s GamCare-Award for the best player protection goes to the renowned game developer Playtech. The British gambling community awaited excitedly the presentation of the award by the independent charitable organisation. But how does the player protection at Playtech differ from that of other slot-producers?

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Poland: High fines for participation in illegal online gambling

The Polish government will with immediate effect proceed harshly against illegal online gambling. It is not only the gambling providers which will be followed, but also the casino players. A few days ago, the Polish Finance Ministry published a warning and threatened with a fine amounting to millions.

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Philippine President calls out for participation in gambling

The controversial Philipinne President Rodrigo Duterte turns to unusual means to try to lessen the economic consequences of the Corona pandemic. He calls out to his population to take part in gambling, because participation in gambling brings money in the empty state coffers. Up till a while ago, Duterte had demonised gambling. His sudden change of heart could therefore cost the President his credibility.

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For Swiss gamblers: Book of Ra™ and Co. available online

As it was announced a few days ago, Greentube is now also providing its popular slot machines online for gamblers from Switzerland. The subsidiary company of the gambling giant Novomatic announced in a press conference that it has expanded the cooperation with the Swiss Casino Du La Genève. But when can German Casino-friends also start playing online the popular Novoline-Games?

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Mega Moolah Jackpot hit - nearly 20 million euro

After a longer dry spell, the legendary Mega Moolah Jackpot was hit once again on the 27th. April 2021. The lucky winner could be pleased with an impressive amount of more than 19,4 million euro. This is the highest single-slot winning in the history of internet. But where does the lucky chap come from and in which online casino did the reels roll?

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GambleAware: Some few gamblers generate the bulk of the turnover

The British Gambler Protection Organisation GambleAware has carried out a survey with seven well known online casino operators. For this purpose, around 20,000 customer accounts of each operator were analysed anonymously. In the newly published interim report, the experts’ conclusions are devastating. According to this report, some few gamblers generate the majority of the gross turnover.

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Online-Gambling: Dutch Authorities expect billions in profits

The Dutch Gambling Supervisory Kansspelautoriteit (KSA) forecasts a clear revenue growth on the online gambling market. According to them, the gross gambling returns should reach the magical mark of one billion as early as 2024. Other countries also expect to see a substantial growth in gambling returns from the online-sector.

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The highest winnings in online casino 2020

In 2020 several million Euro or as the case may be US-Dollars were distributed by online casinos to gamblers. The highest winnings were generated traditionally with the progressive Jackpot-Slots. Among these are Mega Moolah from Microgaming, the Empire Fortune slot machine from Yggdrasil und the Divine Fortune Slot from NetEnt.

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Cyber - attacks on online casinos are on the increase

In the actual quarterly report, the company Nexusguard, which is specialised in cyber security, stated, that there was an increase in the number of cyber- attacks on the gambling and gaming sectors. In the large part of the cases it is a so called DDoS-Attack. Whilst most gambling companies are meanwhile well prepared for cyber- attacks, many gaming companies still find it a difficult situation to deal with.

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