Where can I play Tiki Island Slot?

Tiki Island video slot is a highly popular online video slot, which is powered by Gamesys Group.  It has featured on their sites for many years and is now as popular as ever.  If you arelooking for a new site to sign up with, where you can play the game, then check out the following:

Bingo sites that offer Tiki Island slot

Heart Bingo – Deposit £10 Get £50

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All new players get a 200% deposit bonus to play with when they sign up for free. If you deposit £10, then you will get £30 to play with.

A daily free game will give you the chance of getting free spins and winning.

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JackpotJoy – 250% Bonus When Depositing

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JackpotJoy is Gamesys’ flagship bingo site.  If you refer the website to a friend and they sign up on it as well, then you are entitled to a bonus worth £20 absolutely free.

The VIP section gives you access to exciting prizes, birthday bonus and personal advice as well.

It has five reels and 20 pay lines. It is a non-progressive video slot, which gives you the chance to win a jackpot of 20,000 coins.

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Starspins – 200% Welcome Bonus

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More about Tiki Island Slot

It has symbols like the wild and scatter. The option of a bonus game as well as free spins is also available.

The betting range starts from 1p and goes up to $10. The Tiki Island video slot offers two modes: Expert and Regular. If you play in the expert mode, you’ll have access to certain advanced features!

The Adventurous Theme of Tiki Island Slot

Tiki Island video slot is developed by the Gamesys Group, one of the leading software providers in the industry.

The theme for the Tiki Island video slot is fun and quite exciting. The screen appears like one of the areas in the Pacific seas.

The scatter and the wild symbols also have good animation. All the buttons are in sync with the theme of the slot.

Getting Started with Tiki Island Slot

  • The first thing to decide in the Tiki Island video slot is the coin size. You can increase or decrease the coin size by the buttons available on the display screen.
  • If you want to add more coins or pay lines, hit Bet One.
  • If you want to activate all the pay lines, then select Bet Max.
  • You will be paid out using the Regular Payout Schedule.
  • The wild and scatter symbols will help you make winning combinations.

You can play the Tiki Island video slot at any one of these online casinos.

Stan James Casino

Stan James CasinoAll new players will get five free spins to play Tiki Island slot. Apart from normal video slots, you can also play premium and bonus slots.

There are regular promotions running throughout the week. If you play the bonus game, then on a deposit of £5, you get £10 to play with.

If you play certain games via mobile, you get cash back too. On Saturdays, you get a chance of winning up to 10 free spins.

Payment methods include PayPal, Skrill, Neteller, debit and credit cards and many more.

Wicked Jackpots

Wicked Jackpots CasinoFor first time players, a huge bonus of 350% awaits you.

They also offer jackpots that can go over £ 1 million.

In the VIP bonus zone, avail of special bonuses and free spins. There are three levels in the VIP section-Silver, Gold and Platinum. Depending on how often you play at Wicked Jackpots, your VIP level will increase automatically.

Payment options include Neteller, Skrill, debit and credit cards and much more.

Play Tiki Island Slot on the Best Bingo Sites!

If you really enjoy playing slots, then you should give Tiki Island slot game a try. This five reel and 20 pay line video slot game is one of the more impressive ones released by world-renowned developer and publisher Gamesys.

As the name indicates, it is themed around a South Sea Island. You’ll love the quality of its animation, which makes the game come alive on your screen.

There’s a good reason to play Tiki Island slot, apart from the obvious loads of fun it offers, and it is the main prize worth a whopping £100,000!

That’s not an inconsiderable amount at all, especially if you consider that it’s possible to win it by wagering a small amount of money.

Your starting wager on this slot game is 1p per pay line, but you can increase that up to £10 per pay line.

Of course, if you want to increase the chances of winning, then you need to activate more pay lines. There are a total of 20 in this slot game.

This game has plenty of extra features to keep you busy for a long time. You’ll love its Puffer Fish and Tiki Island Nuts bonus games because of the excitement they offer.

Of course, you’ll also love the extra money you can win if your bonus games are successful.

It is pretty easy to find a site that features the Tiki Island slot game.

In fact, any site that has Gamesys software is likely to have this game considering that lots of people love to play it.

Some of the most popular bingo sites that offer Tiki Island slot game have been mentioned below.

Sun Bingo

sun-bingoArguably one of the most popular bingo sites in the UK, Sun Bingo also has plenty of people coming in for its slot games.

The fantastic bonuses and promotions offered by this site are without doubt a major reason to play here.

The site offers a 300% welcome bonus up to a maximum limit of £300, and this is a great way to extend your playing time.

The site is also a very reliable one, as its many members will attest.

Heart Bingo

Heart BingoThis is another immensely popular site because it offers good promotions on a frequent basis. Its welcome bonus of 200% up to a limit of £200 is no doubt very good and it also offers a good customer referral programme.

The site has an impressive array of games to suit the needs of novices and experts alike.

You’ll definitely enjoy the experience of playing on this site and will want to come back for more.

Jackpotjoy Bingo

Jackpotjoy BingoIf you are eager to get a good starting bonus, then this is another very good site for you because of its 250% welcome bonus.

The bonuses and offers don’t stop there, however, because the site launches new promotions from time to time.

This is a very well-run and reliable site and you won’t have any issues with withdrawing your money subject to certain terms and conditions.

It is very important to find a good online casino where you can gamble without any interruptions.

You can then play these games from home whenever you please.

Ontario Online Gambling Underperforms, New Jersey Peaks, and Brexit Worries Operators

Ontario’s state-run gambling monopoly has run into trouble for having previously overestimated its online gambling revenue forecasts. The Ontario Lottery and Gaming Corporation said earlier this week that its programme of reforms would increase annual revenues by C$889 million by the year 2021-2022. This is 30% lower than the C$1.26 billion that the gaming corporation had initially projected.

The OLG had contributed C$2.2 billion to the provincial coffers in 2015-16 and was the largest non-tax contributor to the government. However, this amount was C$500 million short of its 2012 estimate when it launched its modernization programme.

Late last year, OLD cancelled its plan to privatize its C$3.8 billion lottery operations. It says that lottery profits can be increased once their management is modernized but it did not go into details of how the additional C$209 million profits can be achieved. The province’s auditor general was skeptical about what he called the province’s optimistic growth projections.

Ontario’s auditor general also criticized the OLG’s estimates for its PlayOLG gambling site that was launched in early 2015. The gambling site fell far short of its projected profits of C$100 million by turning in only C$15 million in profits. The online business’ mobile app is on its way and while this will indeed boost profits, the auditor general doesn’t think that PlayOLG will touch its latest profit estimate of C$25 million.

OLG generated online revenues of C$49 million in 2016 and this is expected to grow to C$53 million the next year and C$70 million the following year, a growth projection of 32% over three years. However, the gambling industry has slowed down by September last year and it now seems likely that these optimistic figures will not be achieved.
The auditor general pointed out that the OLG doesn’t seem to have correctly estimated the reach that the gray market has.

New Jersey Online Gambling Peaks in December

New Jersey’s Division of Gaming Enforcement released figures that showed the licensed operators earned revenues amounting to $18.4 million from their online operations this December. This was 31% higher than the previous year and also exceeded by $1 million the revenue record set in July.

Casino games showed a 35% increase whereas poker went up by 6%. The Golden Nugget’s online site was a major contributor to this performance, sending previous market leader Borgata to the second place. Caesars Interactive New Jersey saw an 18% surge in its business this December. This was the first time since 2006 that the casino revenues showed a year-on-year increase, albeit a small one.

Will Brexit Affect the UK Gambling Market?

The United Kingdom has a well-established online gambling industry and some of the largest companies in the business are based here. Britons spent more than £3.6 billion on online gambling in 2015, making this one of the best markets in the industry. However, the industry is jittery about the Brexit effect and will be looking for ways to deal with it. For starters, it seems that the UK gambling market will close itself to companies operating from outside. Companies that are not licensed by the UKGC will most likely not be able to reach this market.

Gibraltar will most likely be affected the most by Brexit. Some of the biggest UK-based operators have moved here and 10% of the territory’s workforce is employed by the gaming industry. However, since it has opted to remain in the EU, it is unlikely that Britons will be permitted to gamble at Gibraltar-licensed sites. In other words, companies that wish to operate here will have to get the necessary licenses and comply with the tougher tax laws.

Jeff Sessions Unlikely to Change US Online Gambling Laws

The online gambling industry has been very unsure about the Trump administration’s policies concerning it. However, Jeff Session, the President’s pick to be Attorney General has indicated during his confirmation hearing that he might oppose the prevailing official stance regarding online gambling. Sessions was also opposed to the Department of Justice’s attempts to interpret the Wire Act when it initially took place. However, when asked for his opinion about the issue he admitted that he hadn’t studied the matter carefully enough to provide his view on it at the present.

It is quite likely that Sessions was providing a message to the land-based casino industry in the United States, and particularly to Las Vegas mogul Sheldon Adelson that there were going to be major changes happening soon. Adelson, a major donor to the Republican Party, has lobbied vigorously to prevent the legalisation of online gambling because it has the potential to eat into the land based casinos’ revenues. One does have to wonder why Sessions decided to weigh in on online gambling when there are so many other pressing problems to address at this juncture.

Even so, it would be best if Sessions sticks to the official position of keeping online gambling legal and letting the individual states decide which way they want to do with it. In other words, he’ll have to ignore pressure from Adelson and his camp. There are many reasons why this will be the best policy in the long run.

To start with, the Wire Act was enacted in order to prevent betting on sports and not gambling as a whole. A reading of the act’s wordings will make it clear that it deals with the use of communication facilities to place money bets on sporting events. As a matter of fact, its purpose was to keep organized crime away from sporting events by catching people when they took bets over the phone. There is nothing in it that talks about poker or casino games. Furthermore, the 5th Circuit Court of Appeals ruling of November 2002 categorically stated that the act was concerned with sports betting only. It is interesting to note that the Attorney General at the time was the staunch anti-gambling John Ashcroft.

The Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006 purportedly to overcome the shortcomings of the Wire Act. While the law did not specify what kind of betting was illegal, it made it illegal for banks to process monetary transfers for certain restricted transactions even though it did not specify what these transactions were. At the same time, UIGEA states that payments for legal betting cannot be banned.

The industry is of the opinion that Obama’s Attorney General Eric Holder took a step in the right direction by affirming the 2002 ruling that left it up to individual states to offer online gambling as long as it was restricted to the state’s residents only. Sessions will actually find it very difficult to explain how the Wire Act can be used for anything other than sports gambling.

There is another issue at stake here and it involves the 10th amendment. Individual states have the right to enact laws and the federal government has only limited powers as given to it by the Constitution. States have a right to conduct gambling operations as they see fit, and online gambling is just an extension of it and is only different in that it uses the internet as a medium.

The most interesting factor of all is that President Donald Trump firmly supports the 10th amendment and wants to keep policies free from powerful people such Sheldon Adelson. Needless to say, the industry will adopt a watch and wait policy.

Divine Fortune Slot: A Greek Mythology Themed Slot by Net Entertainment

Net Entertainment, the very popular gaming software developer has today captivated the attention of entire media with its latest slot called the Divine Fortune. By introducing this slot, the developer has expanded its portfolio of games and has gained much more popularity. This Greek mythology themed slot game is expected to release in mid-January 2017.

The major attraction of this game is its three progressive jackpots that will offer enough chances to the players to win millions. In addition to this, players will be able to play this slot on their mobiles, desktop and even on laptops, as it is built with HTML5. Read on to know more about Divine Fortune slot.

The Basics of Divine Fortune Slot

The Divine Fortune slot is a 5-reel game with 20 paylines. The entire slot is based on the Greek mythology and features some of the very interesting reel symbols such as Minotaur, a Phoenix, Medusa, the Nemean Lion and various others. Players will be delighted to see the ancient Greek statues all over the reels of the game. Yes, you will get that real feel of the ancient times and will love it.

While talking about the graphics and animation of Divine Fortune slot, it is simply fantastic. The graphics are great while it features an easy user-interface. Further, the sound effects are simply awesome and will keep you intact to the game. There is nothing in this game that can make you lose your interest while playing.

Special Features of Divine Fortune Slot

When it comes to the special features of the game, it is the Falling Wilds Re-Spins Feature that makes it special. This feature gets triggered with the wilds in the game and it moves down wilds with one position. This feature offers an opportunity to get more re-spins and to play further. In addition, it has two more features under it, which includes Wild on Wild and Free Spins.

The Wild on Wild feature is triggered when a player lands any wild symbol on the falling wild. At this moment, the wild expands and offers three automatic free spins to the players. On the other hand, the Free Spin feature gets triggered when the player lands up with three or more than three scatter symbols anywhere on the reels. Here, you can expect to get up to 12 free spins.

The Progressive Jackpot Feature of Divine Fortune Slot

The progressive jackpot makes this slot altogether unique. The progressive jackpot bonus of this game gets triggered when players are able to gather three or more bonus symbols in the base game. The minor, major and mega jackpot can be won by filling the entire rows with the bonus symbols that are available in the form of gold coins in the game. Here, each bonus symbol is capable of offering up to 200 times of your initial bet. Yes, you heard it right!


No doubt, Net Entertainment has begun with this New Year with a bang. On the other hand, the players have got a great opportunity to be a millionaire by hitting the progressive jackpots of Divine Fortune this year. To play this game, you will have to hunt for the NetEnt casinos such as Lapalingo casino, BETAT casino and 888 casino just to mention a few out of many. Before signing up at any casino, make sure that you read the terms and conditions of the casino and understand the basics of the slot game. In case of any queries, you can always contact the customer support team of the casino and get it resolved. So, try your hands at Divine Slot and make huge cash!

A Quick Look into the Canadian Gambling Laws and Regulations

The online casinos operate under regulations of the state in which they are operating. Every casino is bound to submit to the regulatory requirements of the state in order to be on the top. The regulation of online casinos actually started in the mid-1990s at the time when Antigua and Barbuda came up with a new law. It passed law through which it permitted itself to be authority to give license to the online casinos.

Canadian Gambling Laws

After the regulation of casinos begun, the Kahnawake Gaming Commission was formed in Canada. This commission believed that the casinos that were based on the lands of the First Nation must be exempted from all the strict national gambling laws. In fact, in the United States, the casinos that are operating in the land of Native America are free. They are operating freely without any external control of the national or state government.

In addition to this, it is known that the commission handled the brick and mortar casinos first and then it went ahead with online casinos and their licensing. Without a doubt, all the existing traditional and online casinos have acquired complete freedom to operate and render their gaming services freely.

To add on, the commission also licensed online poker and online sports book after the online and traditional casinos. Initially, the nations witnessed emergence of only a handful of online casinos. But the number increased after more and more people were attracted to online casino gaming. The online gambling market understood that the trend of online casino gaming is only going to rise in the coming future.

Hence, online casinos were encouraged over their traditional counterparts. In Canada, the laws are unclear in some states. For instance, the state allows bets from Canadian citizens if the casino is out of the control of political boundaries of Canada. It means that many of the online casinos are today based outside the nation just to serve the Canadian citizens.

About State Sponsored Gambling

It is true that national governments, provinces and states are very cautious. They are a bit afraid to legalise online gambling for their citizens because the local entities have been running their own gambling practices such as jai alai, off-track betting, dog racing, horse racing and lotteries just to mention a few. Thus, these local governments have thought of addressing the legal requirements of these casinos within their own jurisdiction only.

Another question that arises is that whether it is legal to play at an online casino or not. Well, the answer would differ from one state to another. According to Unlawful Internet Gambling Enforcement Act (UIGEA), online gambling is not completely illegal. It does not restrict the players to play the online casino games. However, it limits the credit card companies to transfer the funds to and from the casinos. For instance, Microgaming pulled out all its slots from the US market and left it completely.

The Bottom Line

It can be said that the nations are trying to regulate the gambling field and are planning to impose taxes on the gamblers. Further, it is clear that the provincial casinos do not enjoy much popularity as free market online casinos do in Canada. It is simply because of the fact that the free market casino offers a good payout percentage to the players and offers a nice variety of games.

However, the future of online casinos is still not clear. It is possible that Canada might bring out some new rules and regulations for the online casinos. At present, the state of affairs is in a flux.

Troubled Road Ahead for Loto Quebec

Loto Quebec, the official body for gambling in the state of Quebec is going ahead with its plan to blacklist close to 2,200 online gambling operators in the state. Last week the state passed a very controversial legislation under the name of bill 74. This bill prohibits any online player who fails to stick to the compliances. Even ISPs would be required to pay a heavy fine if blacklisted companies are allowed to operate in the state without the Quebec Government’s approval.

Bill 74 is expected to be legally challenged by a number of online players in the province. This bill is seen as extremely unconstitutional and violates the federal communication law of Canada. This move will give Loto Quebec undue advantage over its competitors. The reason cited by the state for bill 74 is to eradicate the black market in this space.

Whether Loto Quebec will force the ISPs to follow the legislation and start fining heavily from next month remains to be seen. ISPs have till mid of next month until their fate gets sealed. Many officials from the Loto Quebec and the Federal Office have continued to push the legality of Bill 74. The reason claimed for this bill is to ensure public health. The real reason however is monetary. The official body now receives 10 percent of the revenue earned in the state where as 90 percent goes in the black market. Loto Quebec is eyeing at the extra dollars by completely ceasing the operations of most online players that provide popular games such as Tiki Island slot and creating a monopoly. At the moment the state only earn revenue of close to $27 million a year.

Loto-Quebec is expected to on board 3 online gambling players as official partners. Games provided by these players would in turn be used by the Loto-Quebec official site- espacejeux.com. Amaya, a Montreal based online gambling site is expected to receive an official license from Loto-Quebec.

For ISPs however, there is a little breather. The first task would be to deactivate all the non-license players in the online space. Post this all the ISPS would be given a month to follow compliance. Failure to do this would lead to a fine of close to $100,000.

There is another complication though. Most of the European countries tried this blacklist approach in the past decade but it did not work. Most online players switched their base location from the parent country to a different address in the virtual world. Thus the move became a futile exercise as soon as it was released. There are very good chances that bigger online gambling companies would follow suit yet again.

Another strong challenge could be faced from the Kahnawake Reserve- a combined body of Mohawk Internet Tech and Kahnawake Gaming Association. This body offers regulatory immunity for a host of online companies that Loto-Quebec is trying to suppress. Although the Canadian Government has already declared that Kahnawake Reserve is illegal in the country, they have never quite disappeared. On the contrary they are running an extremely profitable business since 1999.

It remains to be seen how this move unfolds in the coming days.

Gambling Addiction Takes a New Turn As an Ex-Policeman Managed to Embezzle £27,000 from a Well-Known Bar in Aberdeen

Addiction to gambling is not uncommon as more and more people turn to gambling in an attempt to make some quick bucks. But what many gamblers don’t realise is the effect it can have on them and their families. Small wagers often turn into bigger amounts, and all of a sudden they are staring at a huge debt – all because of gambling. The main issue here is that in the hopes of winning more and clearing their gambling debt, they wager more money. It’s a vicious cycle, which is difficult to stop.

An ex-policeman turned bar manager was in a similar situation recently. To feed his gambling addiction, Conor Summersgill managed to embezzle £27,000 from the bar that he worked at. In the course of a year, he carried out 100s of fake refunds. The incident only came to light when another staff member noticed a high amount of refunds in one night. That night he had refunded almost £2,000.

He questioned what he was doing and reported the incident. After an internal investigation, the bosses at the Paramount bar discovered that Summersgill had embezzled £27,760 between 1 April 2014 and 7 February 2015. When he was confronted, he immediately admitted to the offence. Apparently, this father-of-one is thousands of pounds in debt.

To be sentenced, he appeared at Aberdeen Sheriff Court. He was already warned that he will face jail time when he admitted to the offence earlier in the month. Summersgill is originally from Inverurie and the defence agent, Jamie Baxter said that his client was very regretful for what he had done. In fact, he has already paid back £11,600.

A social work report had been prepared. Reading from it, Mr Baxter said that his client, Mr Summersgill really had nothing to show for his offence, but only a huge debt, damaged personal relationships and a criminal record. He went on to say that his client was addicted to online slot machines. It was a problem that spiralled out of control very soon. So, in an attempt to feed his addiction and also pay off his piling credit card debt, he started taking money from the bar where he worked.

Mr Baxter said that this particular scheme was not sophisticated at all. All Summersgill had to do was hit the refund button, which was available to all the managers who were on the till. This made him unable to control his gambling and betting urges. This further led him to take money easily.

The court also heard that when he was finally caught, he told his partner – also the mother of the child. This led to an end in their relationship. He moved in with his parents and started attending specialist counselling sessions that were paid by his parents. The facility viewed his gambling addiction like any other addiction to drugs or drinking.

He had been put on a customised plan and he was doing very well until he relapsed in December 2015. At the time, his parents were away and he was alone at home with access to a laptop as well as money. But since then provisions were in place to make sure that he no longer has any control over his cash.

The court heard that Summersgill has managed to get a job as a skilled joiner that pays him about £300 per week. From that he managed to repay £400 to his past employers and £340 towards his credit card debt amount.

Under usual circumstances, this 26 year old would have faced some jail time. But because he has already taken responsibility right from the beginning and has managed to pay back his ex-employers more that £11,600, he has been ordered to carry out 140 hours of unpaid work within the following year. He has narrowly avoided jail by rectifying his intentions and deeds immediately.

The Polish Government Decides to Revamp the Country’s Gambling Laws

The Polish Government has decided to revamp the laws of gambling in the country. The Government has decided to include online slots games like Tiki Island slot in its portfolio. This will come as a huge relief for the local players and will cheer up the bigger players in the space. While this will cheer the gambling community, nothing has changed for the local licensed players. The long expected tax break for the locally operating casinos is nowhere to be seen.

Last week, the Finance Minister of Poland expressed the country’s interest to break free the online gambling players. The only condition attached to this is that the gambling companies needs to stick to the responsible gambling norms in order to protect players’ interest and who wish to play casino games like Tiki Island slot.

The Ministry of Finance also mentioned in a statement that the land based gambling establishments would be monitored and regulated by a government body to ensure they are kept under control. The reason cited for such a move was that these casinos are extremely addictive and if not monitored, they can be harmful for regular punters.

The new legislation will also loosen the strong restriction that was previously imposed on poker. Previously only the land based casinos could host poker and there was strict restriction on other mediums. The new legislation will ensure that poker can be played at home as well as public establishments. What’s more, the online betting companies would now be able to offer poker in their portfolio with the responsible gambling norms in place.

The Polish Government will track existing IP to ensure that companies who stick to the regulatory compliance get an edge over those foreign players who doesn’t stick to compliance. The Finance Minister said that the Government will impose heavy penalties if any company is found guilty of license fraud or not sticking to regulatory compliance.

While the new changes brought a ray of hope for the online gambling players, the existing players are still stuck at a 12 percent tax bracket which is on the higher side. Many European countries have friendlier policies to encourage land based casinos and their online counterparts. According to sources the legislation could levy up to 20 percent. 10 percent from the revenue collected will go to the Olympic Association. 3 percent from here will go to the gambling addiction support groups. While these are high tax brackets, the permission to go public without restriction will easily make up the tax worry.

Poland changed its mind about the present regime of online gambling due to a court ruling in Italy where the judge ruled that online gambling cannot be restricted citing Criminal law. Italy allows its players to participate in any gaming portals across the world as long as the gambling company sticks to responsible gambling norms.

The Ministry revealed that few improvements and revisions have been suggested in the present legislation. The changes have been sent to the respective departments of the Government and the same should come back by the year end. Poland is hopeful that the new legislation could take effect from the first day of January 2017.

Playtech Acquires Quickspin AB

Online gambling software company, Playtech have made a deal to buy Quickspin AB. Playtech has been providing software to casinos, bingo, sports betting, dealer games, sports related betting and poker rooms since 1999. The company is listed in LSE and is a member of the FTSE 250 list. Having started its operations as a small time design player, it has become one of the largest player online gambling software space. Quickspin on the other hand is a Swedish slot maker known for their video slots. The company has close to 20 high quality slots and close to 40 customers in their portfolio. Quickspin has some tier 1 companies as their major clients.

In a media statement released a couple of days back Playtech declared that it has made consensus with the board to acquire Quickspin in an all cash deal of € 24 Million. This cash would be paid up front. A further payment of up to a maximum of € 26 Million would be paid to Quickspin. This is based on the earning of Quickspin’s 2018 earning. According to the deal, Playtech has agreed to them 6 times of their 2018’s earning. This is considered to be a healthy acquisition since Quickspin made revenue of € 2.1 Million in the year 2015.

The founders of Quickspin have agreed to stay on board for three years after the merger. At present the company is headed by Daniel Lindberg, Joachim Timmermans and Mats Westerlund. They serve as CEO, CPO and CCO respectively. This is a wise move since companies often see an organizational turmoil after a merger. The founders would be able to streamline the ship and address any concern that employees might have.

Mor Weizer, CEO, Playtech expressed his delight and said that the process of Quickspin acquisition was going on for a long time and this deal will help them in expanding quickly in the Nordic market. Playtech has plans to penetrate a large section of the B2B market in Norway and surrounding countries. This could prove to be very strategic investment from the company.

Playtech is on acquisition mode for the past few years. Since it is sitting on a very good cash reserve, it is looking out for companies which fit well in its current scheme of things. The company wanted to acquire its rival, OpenBet Group sometime back but failed in the bid. NYX Gaming group acquired it with the help of Sky Betting and William Hill. The deal was closed at a staggering 270 Million in the form of equity. This being said, the company also had to pay the market debt of OpenBet which is estimated to be somewhere in the range of 95 Million. With this deal NYX got access to OpenBets offices in 14 countries and 1400 talented stuffs.

However, Playtech has indicated that it will keep looking for such companies to acquire in the near future. With a very healthy cash reserve the company is considering to return some of it to its shareholder in the form of dividends.

Need for Bookies to be More Accountable as Gambling Industry Expands

Bookmakers in the United Kingdom have never had it so good thanks to the boom in the industry brought about by the mobile gaming revolution. Punters can gamble at any time of the day or night using their PCs, and increasingly, their tablets and mobile phones. In fact, the industry has raked in money thanks to the introduction of ‘in-play’ technology that enables punters to place wagers during the course of a game. An interesting development is that the industry has managed to widen its customer base to include college students and women.

Online operators in the UK offer a basket of gambling options including casino games, poker, bingo and sports betting. Slots are also very popular with online gamblers, and games such as Tiki Island slots are able to attract gamblers thanks to their excellent animation and big prizes.

There was a time when gambling was limited to high street shops since only the really wealthy people stepped into casinos. Today, the internet has brought gambling directly to their phones, and that too via extremely reliable sites. Furthermore, online casinos have become very high profile and they have been able to rope in high profile spokespersons such as the athletes Neymar and Ronaldo for PokerStars, and Victoria Pendleton for Betfair. In fact, gambling companies are spending a huge amount of money on advertising because their profits margins are incredibly high.

The biggest operators in the business have only become larger over the past couple of years, and most companies are worth hundreds of millions of pounds while the largest ones are worth billions of pounds. As a matter of fact, the wealth of the richest individuals owning these businesses has gone from £16 billion to £19billion in the last year alone. Michael Tabor of BetVictor is now worth around £600 million and he has accumulated many of the accoutrements of a wealthy lifestyle such as racehorses and a luxury yacht. Bet365 head honcho and Stoke City chairman Peter Coates is worth a whopping £3.76billion.

It has to be admitted that the gambling industry has given rise to a few problems as well. While betting is without doubt a thrilling activity, it is also extremely addictive. There have been many examples of people whose lives have been destroyed by their addiction to gambling. The NHS estimates that there are more than 500,000 gambling addicts in the United Kingdom. It is also believed that children are beginning to gamble online because of its accessibility and attractiveness.

The profile of gambling addicts tends to be predominantly male and young, but this is changing. It is becoming increasingly common to encounter female addicts. There have also been instances of educated and well-employed people falling for the lure of gambling. While the most common result of this addiction is impoverishment, there have also been many suicides because of gambling losses. There are increasing calls to regulate this industry more closely and to take it out of the mainstream. Self regulation doesn’t seem to be very successful in this industry as the many tragic instances of bankruptcy and suicide indicate.

Bitcoin-The Perfect Currency for Internet Gambling

The gaming industry has changed so much over the past decade as to become almost unrecognisable. In fact, it has embraced all the latest technologies with passion and speed, ensuring that it provides customers new and improved ways to gamble. We’re not just talking about the spectacular games available these days that have high quality animation, exciting themes and big prizes. Games like Tiki Island slot have indeed managed to grab the attention of online gamblers and keep them coming back for more. However, other important developments in the industry are the ease and security with which one can gamble these days. In fact, the use of crypto currencies such as Bitcoin has massive potential to change the way the gambling industry is run.

The gaming industry is not without its problems. In fact, it has to deal with regulatory impositions in many different parts of the world. Online gambling operators are constantly on the look out for ways to circumvent these restrictions. Bitcoin is proving to be very popular with online operators because it provides effective solutions to many of the problems faced by the industry.

People living in countries where online gambling is banned can use Bitcoin to gamble to their heart’s content. It provides them with much needed anonymity and flexibility, enabling them to visit any site of their choice. Many governments are tracking the monetary transactions to gambling sites from traditional money transfer methods, and some governments are even taking steps to ban these transactions, but Bitcoin transfers are proving to be very elusive.

The other advantage of making payments using Bitcoin is that this currency is very cheap. In fact, deposits can be made practically for free. In comparison, credit card fees can be extremely high. Therefore, players can get better value for money when using it to gamble on the internet. Interestingly, casinos that deals predominantly in Bitcoin tend to lower their fees in reflection of their reduced costs.

There is also a higher level of security associated with using Bitcoin. It is almost impossible to make chargebacks on this currency and the speed with which it processes payments ensures that users can verify that everything is in order. Furthermore, it protects the personal data of users and does not leave any paper trail that gambling-unfriendly governments can use to target them. International transactions with online businesses have been made very easy by the use of Bitcoins.

Bitcoin was introduced in 2009 and it has rapidly increased in popularity since then. This currency has become so popular with the gambling industry that large numbers of online gaming providers have adopted it. In fact, many sites have chosen to accept only Bitcoin because this is clearly the currency of the future. Many experts even believe that this currency has helped the internet gambling industry expand at a furious pace. The introduction of online multiplayer casino role playing games has also been attributed to the impact of Bitcoins. The number of people and sites using Bitcoins is only set to increase in the near future.