Online Casino News
By Dror Pumper | 26th March 2012 | Online Casino News
Online gambling requires talent because it is large and unpredictable. Players need to look at their own online gambling behavior and adjust their skill sets to meet any resistance they may have to winning. Here are five elements that if improved, can help at the online casino room floor.
Track all casino money outcomes
If a player begins on Monday with $300.00, they need to record what they do every day and how much money won and lost. By Friday, they can see where there are any fluctuations. A 25 percent fluctuation is normal. Having $375.00 or $225.00 by the end of the week, or some amount between these two, means it has been a successful online gambling week. If losses are within this margin, it is possible to improve and increase.
Support the bets
It is important to support a bet – using a technique that will tilt a losing bet, such as doubling, reducing, alternating, or closing down the next bet.
Percentage planning
Percentage planning is often overlooked as a tool for online gambling. It is forcing a playing to only play a certain number of bets. It provides support to the player’s overall gambling ambitions, hinders bad decisions, and only allows for direct strategy.
Create an income
The main objective of online casinos and the primary force behind it is the ability to create an income. Players need to plan tactics and revise efforts. Remember, the best results are not from the winners, but from players who can handle a game no matter if they win or lose. The primary growth for an online gambling hobby is to improve a bankroll by 20 percent in a week. While it is not a lot, it is easy to do without major odds again them.
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By vince.baker | 20th March 2012 | Online Casino News
Online gaming is known to do a lot – waste time, provide entertainment, help people double their monthly income, but it is also known to reduce levels of stress as well. A study done at McGill University in Montreal, Quebec, Canada stated that online gaming may actually be good for people’s overall health. This study demonstrated that after playing some online games, which included online casino games, individuals were a lot less stressed. In fact, cortisol levels, the hormone responsible for inducing stress, fell by 17 percent on average. For a number of behavioral scientists, this is strong proof that there is a correlation between online gaming and reducing stress levels.
There have been other studies to prove the same thing as well. A study done at Eastern Carolina University that lasted for six month and had 134 subjects found that online gaming can reduce stress and elevate one’s mood. A study at Oxford University also revealed that online gaming may be beneficial for those suffering from PTSD – post traumatic stress syndrome.
An online casino also recently conducted their own informal research study using Blackjack players. In this informal study, it was noted that 74 percent of all the players in the study felt that online casino games were a great way to have an enjoyable time as well as reduce stress. Those players that said that online casinos did not help reduce stress levels played online casino games with much higher stakes involved. Another survey, this time using Roulette players demonstrated the same thing – approximately 77 percent said that online casinos were a great way to reduce stress.
So, if someone is having a bad day at work or at home, take a minute to play a few online casino games and watch as the stress melts right off!
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By Casinomom | 5th March 2012 | Online Casino News
Many are saying the landscape of online casinos is looking to change throughout 2012. A number of countries have taken proactive steps to enable players to enjoy online casinos in a transparent, safe environment. To ensure this occurs, these countries are starting to develop new regulations and laws in how all operations for the poker website are to be carried out.
In the last year, several European nations brought up the fact that there needs to be more independent legislation in regards to online poker. However, there were different motives coming from different countries. A few European nations wanted to enable offshore poker website operators to provide games to players in the nation, while other nations were looking to restrict the playing of real money games to only residents living within the nation’s borders.
For instance, Kahnawake Gaming Commission, an online poker authority, recently changed some of their standards in an effort to further protect the players. This commission now provides the opportunity for players to go for self-exclusion. By doing this, individuals who have gambling problems are able to inform the commission about their requirements.
In other stories, some of the online poker websites have partnered with a number of financial service firms in an effort to establish a new system to guarantee that the funds of all players are protected. The financial service is in charge of monitoring if the poker websites have the sufficient funds necessary to repay players with real money accounts. According to many sources, more and more poker websites are going to be adopting this new system. A move like this clearly relays a message that many online poker websites are taking further steps to ensuring their dedication to protection their players all the time.
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By vince.baker | 26th February 2012 | Online Casino News
Calvin Ayres, the founder of Bodog online entertainment and gaming brand, has made a number of predictions for 2012 regarding the online gambling industry (after finding that his 2011 predictions pretty much held true). Here is a look at some of those predictions made in regards to different parts of the online gambling market.
Mobile
As widely noticed, mobile online casino is on a rise and 2012 should see an even larger growth curve as more online gambling companies jump onto the mobile bandwagon.
Converging Online with Offline
In 2011, the primary focus was on how brick-and-mortar casinos could go and get their “digital feet wet,” as put by Ayers. In 2012, it will be the reverse – major online casino brands will be looking to start laying down physical roots. However, there is still no all-encompassing business model that aids in overcoming all the various challenges associated with combing online and brick-and-mortar casinos.
The Age of Live Dealers on Online Casinos
Asia has already popularized having live dealers at online casinos and in 2012; it looks like this concept will start spreading into other markets and forms, including Bingo. The technology is continuing to mature and those who have experienced the live dealer say it a lot more fun. However, there is still a bit of lack of innovation and everyone is waiting for the one company that will make major inroads in getting live dealers more readily accessible.
Horse Racing is not Dead…Yet
Horse racing has been long thought of as the “sport of kings,” and while it is not yet dead, it needs a major transfusion in the form of appeal to the younger demographic or it will eventually start to wither away. This part of the gambling industry could do with some pop culture infusion and celebrity jockeys. It needs to be changed from something that is considered stuffy to something that is considered hip.
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By Dror Pumper | 12th February 2012 | Online Casino News
Calvin Ayres, the founder of Bodog online entertainment and gaming brand, has made a number of predictions for 2012 regarding the online casino industry (after finding that his 2011 predictions pretty much held true). Here is a look at some of those predictions made in regards to different locations around the world.
Europe
There will be not a lot in terms of significant developments in the online gambling industry. Ayres has stated that “with faith in a common currency significantly shaken in 2011, the ongoing Balkanization of Europe’s gambling markets will only accelerate.”
America
Ayres long predicted that there would be no positive momentum for legislation regarding online gambling at a federal level even before the United State’s Department of Justice admitted that their Wire Act did not go past sports betting. However, with the recent announcement by the Department of Justice, it can be seen that the states are the ones holding onto the gambling decisions. in 2012, there is a 50 percent likelihood that one of two states will do emote gambling.
Asia
The Asian market is still in the infants’ stage, but it is much bigger than the rest of the world if individuals take a look at its brick-and—mortar casino profits. There has been no determination in regards to the companies that will be making a name for themselves in this region, but it will most likely not be public companies.
Latin America
While the continent of Latin America and never rival the continent of Asia in regards to scale; however, as far as gambling terms, Latin America is still mainly a virgin territory. With recent economic downturns hitting a majority of the area, causing the countries to look for new venues for money, Latin America may be second best (right behind Asia) market for targeting during the 2012 calendar year.
India
India is a huge market that tends to get overlooked a lot. Once an online gambling company figures out how to open this market, it will be like a slot machine getting all cherries – huge payout!
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By Keila Brown | 16th January 2012 | Online Casino News
The current problems going on with the Euro throughout Europe’s Eurozone is starting to wreak havoc on casinos throughout Switzerland, especially in Ticino, which is near the Switzerland – Italy border and has the largest concentration of casinos found anywhere in Europe. While Ticino is no Las Vegas, it does have a number of casinos, include the largest in Europe.
The federal government of Switzerland mandates that the casinos pay a percentage of all profits to the state. And while they were still able to provide some money to the federal government, it is not as much as they have been able to. Between the newly created smoking ban in casinos, coupled with the current economic crisis and the introduction of video lotteries throughout Italy, the casinos have lost a minimum of 40 percent of their gross gaming revenues.
The situation is made even more difficult because employees as well as suppliers are paid in Swiss currency, Francs, while most people play the games in Euros, which has lost approximately 25 percent of their total value since the onset of 2010. While Italian players still use the same amount of Euros, the Euro crisis means much fewer Swiss Francs.
The casino will not cut out services to their clients, but will have to reorganize internally a bit without compromising quality. The casino does not want people to stop coming. They are also hoping that soon the economy will be in an upswing and the Euro crisis will dissipate.
One final measure to aid the casinos will be to try to renegotiate the profit revenues given to the federal government. Currently, casinos pay close to 50 percent to the government. However, the Swiss government rebuffed the request to change the amount paid.
There are no exact predictions for the future if the Euro crisis continues other than that the Ticino casinos will have start reducing investments and costs if the exchange rate does not start going in their favor.
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By Dror Pumper | 12th January 2012 | Online Casino News
According to PricewaterhouseCoopers’ recently released Global Gaming Outlook, the Asia Pacific Region will be the fastest growing in terms of the casino gaming industry over the next five years. The gaming revenue is said to increase from $34.3 billion US to a projected $79.3 billion US by 2015.
However, despite these numbers, the online casino industry is currently illegal in Singapore. Jonathan Galaviz, a gaming analyst said that the governments in the area should really try to seize this growing opportunity rather than push it away as there is huge growth in online gaming. The report published by PricewaterhouseCoopers said that there is a very strong argument right now in the area that as consumers continue to engage in websites offering illegal online gambling opportunities, it is much better to provide licenses and tax it, rather than allowing unlicensed operators to continue to amass large amounts of revenue.
Galaviz said that the Singapore government should do some serious research regarding the issue of online gambling and bring it up during policy discussions. However, not all gaming analysts have taken the same approach as Galaviz. Felix Ling, a senior partner and casino consultant at Platform Asia Management Services said that by legalizing online casinos in Singapore, it will create a devastating social impact. Derek da Cunha, the author of “Singapore Places its Bets,” agreed with Ling. He stated that if online gambling were to be legalized in Singapore, it would bring in new players who do not really know what online gambling is. The social consequences would be that people, rather than work, would be using their computers only for gambling purposes.
But the “social consequence” argument is not as strong as people would like to believe. If it was a strong argument, then how could it explain the opening of two brick-and-mortar casinos in Singapore in 2010? These casinos have amassed over $4.4 billion US in 2011. Think about what kind of revenue online gambling could bring in? It seems as though Singapore would like to think that online gambling is a much bigger evil than physical casinos.
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By Dror Pumper | 10th January 2012 | Online Casino News
With Denmark recently deregulating their online gambling industry, witnesses are marveling as the sector continues to open up. As of January 01, 2012, Denmark will officially be a brand new online gambling licensing jurisdiction. Denmark also signed a bilateral cooperation agreement with licensing bigwig the Isle of Man, mainly to learn how to be a successful licensing jurisdiction. This agreement will be formalized as well on January 01, 2012. Denmark has also created a similar agreement with the Alderney Gambling Control Commission as well.
In the Czech Republic, the accidental passing of a new piece of legislation has the country doing some massive backpedaling. Recently the parliament’s lower house passed legislation stating that video lottery terminal operators would be offered a €77.7 million tax break. This has created much firestorm in the media. A 20 percent tax on the video lottery terminal revenue is also cites to become split between three groups – local municipalities, education, and charities as to be determined by the local gambling industry. However, it was originally only supposed to be split between the municipalities and the education. But the controversial wording has everyone up in arms right now.
Lastly, Greece has recently passed a number of laws that look as though they will be challenged by the Remote Gambling Association in court. It is to take place at the beginning of the New Year. However, with this last year not faring well for Greece in terms of their economy, no one knows if 2012 holds anything much better, especially as far as the online casino industry is concerned. Cyprus also looks like it could be changing very quickly. While it is currently considered a haven for not just British retirees but also the remote gambling industry, things look like it could be changing for the latter, and not in a positive direction. Stay tuned for the New Year to find out more.
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By Keila Brown | 20th December 2011 | Online Casino News
And the online casino industry continues to boom as some of the biggest players online start showing their interest in this lucrative industry. One of the biggest players starting to pique interest is the largest social media network website in the world – Facebook.
Facebook has already opened their doors to allowing online casinos to purchase advertising space on the website, but now the website is in talks with a variety of online casinos, consultants, and gambling experts to determine whether or not it should create real money gambling opportunities. According to a report from eGaming Review, Facebook is currently looking for new streams of revenue and the online gambling industry is looking for brand new ways to access the growing public. This could, therefore, become a very convenient match for both parties. However, it said in the report that it could take quite a bit of time before Facebook and the online gambling companies interested find an appropriate agreement regarding age verification procedures and revenue sharing.
As previously mentioned, this new announcement follows the heels of a decision made last month when Facebook decided to amend advertising guidelines to allow advertisements from online casino companies. Those who are for this new decision note that Facebook is already a leader in non-monetary online gaming. The Zynga-powered games in Facebook’s portfolio include games like Zynga Poker. However, those who are opposed to this say that it could be opening up a number of problems related to underage gambling. They believe it is irresponsible promotion, allowing children to think that it is only “fun and games.” However, James Bennet, the editor of eGaming Review said that while Facebook is searching for new streams of revenue and the online gambling industry looking for new markets, there is much work to be done in regards to age verification and the percentage of money the online casinos would have to give to Facebook.
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By Keila Brown | 13th December 2011 | Online Casino News
While Belgium may be heaven for most when it comes to food and beer, it has been one hell of a nightmare as far as online gambling has been concerned.
Beginning in January of 2012, Base, Belgacom, Mobistar, and Telenet, four of the major internet service providers in Belgium, will begin to block access to any illegal gambling websites. Working alongside the Gaming Commission in Belgium, two lists will be created, known as the ‘white list’ and the ‘black list.’ The white list will contain all the gambling websites that have current licenses with the Gaming Commission, and can therefore continue on with their legal online activities. The black list, on the other hand, will contain all the gambling websites that currently do not have a license from the Gaming Commission, or have a license that is currently suspended. The internet service providers have received these lists from the Gaming Commission so they will have the ability to block all illegal gambling websites.
It is currently estimated that approximately 30,000 to 40,000 online gambling players throughout Belgium utilized websites that have a license. However, there are around 150,000 players that are using gambling websites that do not have a license. This is exactly where the Gaming Commission looks to target. According to Peter Naessens, the Gaming Commission’s head of their regulatory unit, the commission has already received a number of official reports from the police that indicate which online casino websites are currently running illegal operations. The Gaming Commission is going to determine which of these illegal websites have more players, and target those ones first as they are a bit more relevant.
Under the Belgium Gaming Act, while betting services and gambling operations are still majorly prohibited, licensed groups will be the primary exception. The act requires licensing for all gambling services, which will be controlled through the Gaming Commission in the country.
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