Duo of Jackpots at Golden Nugget Casino

There was a great deal of excitement lately at Golden Nugget Casino when two jackpots, each one worth six figures, were won on the same day. Even better, the jackpot hit home within a couple of hours of each other!

The first jackpot was won by Washington, New Jersey resident A.S. and he scooped up $200,362 on a wager of $20. The second was worth $207,350 and it went to Easton, Pennsylvania resident Joseph who wagered $100. Not surprisingly, both players preferred to have their identities hidden from the world at large.

It shouldn’t come as a major surprise that both the jackpots were won on slot games. After all, these games are wildly popular with online gamers because of their ability to give massive payouts for relatively small wagers. Six-figure jackpots are actually quite common at online casinos, but it is extremely uncommon to have them happen on the same day. Needless to say, the people at Golden Nugget Online Casino are really pleased that the wins happened to their customers.

The Golden Nugget is actually the most likely venue for these wins since it is the most popular online casino operating in the highly competitive New Jersey market. The operator has invested heavily in providing customers with the best possible content, and it features a very wide selection of titles. In fact, while it has 400 of the best online casino games from leading developers, its mobile site also boasts of an impressive array of 200 titles.

The large collection of game titles at the Golden Nugget casino keeps growing since new content gets added at a regular basis. Interestingly, both jackpots happened on Jungle Spirit and Get Clucky, both of which are new releases.

Golden Nugget Dominates New Jersey iGaming

The iGaming industry in New Jersey was launched in November 2015 and it consists of five operators. The Golden Nugget casino, which had a slightly late start, is far ahead of other players in the business thanks to its massive 30% market share. As a matter of fact, it earned total revenues of $5,576,526 in June 2017, far ahead of Tropicana at $3,479,393, Borgata at $3,301,270, and Caesars at $3,141,591. Resorts is currently at last position with its tally of $2,998,985. The year to day standings of these casinos remain the same.

Golden Nugget Targets Market Dominance

The Golden Nugget’s ability to retain its spectacular position in the market is due to a number of reasons and not just its impressive selection of games. The casino got a head start over the others by offering live dealer games that turned out to be very popular with customers. Also, it focused its attentions on online casino instead of offering online poker which ran into regulatory issues. Its partnerships firstly with Betfair and then with SugarHouse Casino also helped it get increased market recognition and reach a wider customer base.

The casino started off using a platform from Bally’s Technology but it then started using NYX Gaming Group because of its better track record and its ability to offer games from a wide range of leading developers including Net Entertainment, IGT, and High Five.

Players at the Golden Nugget casino are also given a number of promotional offers when they sign up. It’s $20 no deposit bonus is indeed a great incentive to start playing since it doesn’t involve a cash deposit. Of course, players have a limited number of days in which to complete the bonus requirements before the money can be withdrawn. There is also a 100% match up bonus up to a maximum of $1000. The gambling site is clearly not going to give up its premier position.

Norwegian Casumo Casino Player Gets Lucky With Mega Fortune Dreams Slot

A Norwegian woman residing in the picturesque town of Larvik got the surprise of her life when she won a jackpot at Casumo Casino. The lady, who prefers to keep her identity hidden for obvious reasons, was playing Mega Fortune Dreams slot game when she landed the huge prize worth £65,000. Interestingly, she won the jackpot on a spin costing a mere 40p. The casino points out that this win has one of the highest ratios to the wager amount, making the winner an especially lucky person.

Winner Resides in Larvik, a Tiny Town in Norwegia

Needless to say, the win has intrigued everyone in Larvik, a tiny Norwegian town that is best known for its tourist attractions connected with its Viking history and also with explorer Thor Heyerdahl. It has no more than 45,000 residents and nothing very exciting every happens here. It is worth pointing out that the jackpot amount comes to slightly more than £1 per resident of the town.

The lucky winner hasn’t yet decided what she will do with her windfall. She leads a very modest life in Larvik, as is the practice here, and works part time. She indicated that she would most likely save the money for a rainy day instead of splurging it on things she doesn’t really need. However, she also added that she and her spouse intended to go on a nice vacation during which they would stay at hotels they had previously admired.

A £65k jackpot isn’t really very big by the standards of other recent wins at Casumo Casino. However, it is certainly far beyond the expectations of this Norwegian player. Incidentally, she isn’t a regular slots player, but had signed up at the casino just prior to her big win. She had initially tried her luck at Starburst Slots where she won a small amount of money but moved on to Mega Fortune Dreams to see if her good fortune could give her a bigger win. It’s safe to say that she benefited from beginner’s luck this time around!

The Mega Fortune Dreams Slot Jackpot

Strangely enough, the lucky lady wasn’t even aware that the Mega Fortune Dreams slot game had a big jackpot until she actually won it. Her spouse hadn’t known that she had signed up at a gambling site, and was stunned that she had won some money. He sat down in shock when he heard the size of her win. What’s more, he feared that had lost a lot of money instead of winning it! In fact, it took him quite a bit of time to believe that she had won money.

Mega Fortune Dreams is one of the most popular games at Net Entertainment on account of its progressive jackpots. This slot game has 20 pay lines. It has a fabulous bonus feature that consists of a maximum 12 free spins along with a 2x multiplier. This is a medium variance game, and with an RTP of 96%, it can be counted on to give wins on a regular basis. Its available on a great many online casinos have given its immense popularity and the wide reach of the Net Entertainment network.

This has certainly been a life-changing win for the Norwegian woman, but it is certainly not the largest one to come out of Casumo Casino which has a good track record when it comes to jackpots. In fact, the casino had two big wins in April this year.

A customer at the casino scooped up £5.7 million playing Mega Fortune and another person won £1 million at Mega Fortune Dreams during that month. It’s only a question of time before another person gets lucky at this popular casino!

Heart Bingo Received Multiple Awards at 2017 WhichBingo Awards

2017 viewed various alterations at Heart Bingo and it is reasonable to say that the players cherished what they observed. The outcome was a great pack of three awards received at the WhichBingo Awards 2017. Established in 2000, WhichBingo is a separate online bingo portal, offering assessments and details for players regarding more than 400 online bingo labels.

Heart Bingo was awarded the following…

  • Best Online Bingo Community
  • Best Online Slots Game for Double Bubble
  • Best Online Bingo Site 2017

The 2017 WhichBingo Awards

The 2017 WhichBingo Awards were held at Café de Paris of London on June 21st, with Heart Bingo acquiring three awards and land-based stalwarts Mecca and Gala also operating efficiently. Visitors from the online bingo and iGaming market moved to the symbolic West End venue on 21st June, welcomed by the all-girl can-can dance group Cabaret Rouge prior to relishing a champagne greeting and canapes.

Gala and Mecca both received two awards, while iGaming market beginner, Fable Media, also received two awards for their Wow Bingo and Zingo Bingo labels.

Awards were also given to the top bingo websites by the software provider, with delegates from Cozy Software, Dragonfish, Microgaming and Playtech executives in participation.

The Most Socially Responsible Operator Award was offered to Mecca Bingo by John Hagan, chairman of the Industry Group for Responsible Gaming.

Ted Bingo received the New Bingo Site of the Year, which is induced by Dragonfish and possessed by Stride Gaming.

About Heart Bingo

The welcome bonus at Heart Bingo website was modified in July 2016 to merge with huge enhancements and supplements made to it. At that instant, it became a much larger place to play with numerous bingo and slot games to select from. The weekly/monthly offers are exclusive and make the small investments profitable. A fresh daily free game was supplemented to Heart Bingo in August 2016 featured on the game revised from Sun Bingo. Paper Wins is the novel slot game and Daily Paper is the novel free daily slot game.

New Player Bonus at Heart Bingo

The new players at the website are greeted with a £5 no deposit bonus, and a 400% first deposit bonus. You need to submit £10 and then play with £50. £40 is the highest bonus accessible via this additional special bonus. The bonus is valid on bingo and slot games, though varying betting conditions apply based on the games you choose to play.

Games Offered at Heart Bingo

  • 90-ball and 75-ball bingo
  • Casino games
  • Scratchcards
  • SuperSNAP
  • Slots

You can play in six varying bingo rooms which were renamed in July 2016 and favored from the supplement of The Candy Club which was shifted from Sun Bingo when it got transferred from the Gamesys platform. The charges to play at bingo rooms vary from 1p per ticket to £1.

There are 72 distinct slot games to select from, a few with progressive jackpots up for grabs and others with exciting bonus features.

Most of the games can only be located at Gamesys sites, while you will also trace few enduring choices from other developers such as Starburst, Rainbow Riches and FluffyToo.

Betting and Withdrawal at Heart Bingo

Least Withdrawal: £10
Processing Duration: 48 hours
Betting Necessity: 4x bonus
Betting necessities can vary based on the games you select to play

Mobile Compatibility

Heart Bingo can be accessed from mobile providing all top bingo games and an amazing variety of slots such as Double Bubble and Scruffy Duck and standard casino games.

888-Related Online Casino Draws the Attention of the UK Gambling Watchdog

The United Kingdom’s gambling watchdog has recently started an investigation into the activities of leading online casino 888’s subsidiary. The company in question has come in the cross hairs of the regulator because of concerns that it wasn’t taking sufficient steps to protect the interests of its customers.

Companies licensed to offer online gambling services in the United Kingdom are expected to conform to a number of rules, some of which are concerned with social responsibility. Exposure to gambling can lead to problem behaviours, as the anti-gambling lobby is quick to point out, and the accessibility and convenience of online gambling sites make their customers especially vulnerable. There have been many instances of people losing huge amounts of money at online gambling sites. Therefore, governments that allow online gambling tend put in place a number of regulations that are designed to help gamblers manage their activities at online casinos.

The UK Gambling Commission requires online operators to provide customers with a tool for self-exclusion from gambling. Customers can make use of these tools to set limits on how much and when they gamble. Customers can also use a self-exclusion tool to block themselves from the gambling site for specific duration of time, generally starting from six months. Gambling sites operating in the UK are also expected to offer a time-out feature for customers who want to stay away from the site for a day, a week, a month, or even six weeks.

It goes without saying that gambling operators aren’t particularly happy about the social responsibility regulations they have to conform to (even though they don’t have a choice in the matter). As a matter of fact, leading bookmaker William Hill has said that these self-exclusions have been given so much importance of late that its profits have felt a negative effect.

The news of the investigation by UKGC has spooked investors, with the company’s share prices dropping a substantial 7% to touch 279p. 888 has reacted to these developments by announcing that it was committed to providing its customers with a responsible and fun gaming experience. 888 has also said that it will be working along with the commission to find a solution to the problem.

Commenting on the issue, well-known brokerage Peel Hunt pointed out that 888 was a very responsible company. However, it would still most likely have to pay a large fine in punishment. In addition, it would probably also have to make some changes in the way the erring business operates. The company went on to say that the commission increasingly preferred to use public processes to regulate the industry. Companies would be very careful to conform to regulations for fear of facing bad publicity that can be very bad for business.

The UKGC has increased its efforts to bring about responsible gambling. It is doing this by ensuring that online gambling operators have all the information they require to offer their services responsibly. It has to be pointed out that BGO Entertainment, a Guernsey-based company, had to face a fine amounting to £300,000 on account of its misleading advertising campaigns for its website and that of its affiliates conducted from July 2015 to July 2016.

The Licence Conditions and Codes of Practice had been amended in May 2015 to require operators to refrain from misleading consumers on any subject. In other words, they will have to spell out the details of all promotional offers very clearly so that customers know exactly what they are entitled to and how they can get them.

While the UKGC refused to comment on the issue, 888 said that it would provide an update on it at the earliest.

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.

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.

Brazil Lawmakers Vote on Online Gambling Bill in June

Brazil’s Chamber of Deputies is unlikely to let the suspension of President Dilma Rousseff on major corruption charges get in the way of a vote on a proposed gambling bill. The bill, known as SB 186/2014, is currently in the final stages of drafting and it is expected to be put to the vote in June this year. If the bill can eventually become law, then it will have a major impact on the economy of the country. In its current form, the bill proposes to permit the introduction of around 35 land based casinos, 600,000 terminals for video bingo, 1,200 bingo parlours, in addition to a number of licenses for online sports betting, bingo, and casino.

Lawmakers will also be considering another bill, PL 442/1991, which has been written to revoke the ban on the immensely popular game jogo de bicho. Also known as the animal game lottery, this game hasn’t lost any popularity even though it was banned by the federal government in 1946!

The planned votes had been the subject of much discussion during the recently concluded Brazil Gaming Congress 2016. Industry experts are no doubt eager to see gambling legalized in the country but there are concerns that the ongoing political upheavals in Brazil will put a spanner in the works. Lawmakers in the country voted 55-22 to suspend sitting President Dilma Rousseff in order to make way for her eventual impeachment trial. However, this shouldn’t be a problem because the government is functioning under the leadership of Vice-president Michel Temer. In fact, Social Democratic Party lawmaker Herculano Passos even said that Temer is likely to have a positive impact on the vote and will play a role in loosening up the gambling industry in the country.

If Brazil can reduce the existing restrictions on gambling then it will have a major impact on the industry as a whole. The legal gambling operations in the country include lotteries run by the federal and state governments as well as betting on horse racing and this amounts to an impressive $4 billion per year. The Federal Lottery makes up the lion’s share of this business at $3.85 billion, and the rest almost evenly divided amongst state lotteries and horse racing.

What the gambling industry as well as lawmakers is more interested in is the illegal gambling industry. This industry eclipses the legal gambling market at almost $6 billion. More than half of this money comes from jogo de bicho. There are also lots of illegal slot machines in the country, with annual revenues exceeding $1 billion. Illegally run bingo operations also generate $370 million annually. Brazilians also like to visit online gambling sites where they wager approximately $875 million every year.

The Brazilian government stands to earn approximately $5 billion in taxes every year if all gambling operations here can be legalized finally. Furthermore, Brazilians who visit online sites to gamble on Tiki Island slots and other games will also be assured of increased safety thanks to better regulation.