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Slot Machines Push UK Gaming Revenue to Record High

Posted on December 4, 2023 by Aaron Decker

Thanks in large part to the meteoric rise of online slot machines, the gambling industry in the United Kingdom has seen record-breaking revenue growth. On the other hand, the government is considering regulating initiatives because of concerns about the machines’ link to significant losses and addiction.

The Numbers

Recently released data from the Gambling Commission shows that the gaming and betting business made £15.1 billion in the year ending in March 2023. This substantial financial comeback is a huge relief for an industry that lost £1.5 billion during the height of the COVID-19 outbreak. Because of the forced closures of betting shops and the postponement of numerous athletic events, many bettors shifted their focus from sports betting to online casino games, and this trend has continued to this day.

Impressively, online casino product sales hit a new high of £4.03 billion, surpassing the £4.01 billion recorded in the year afflicted by the COVID-19 pandemic until March 2021. Problem gambling is more common in the online casino industry than in sports betting.

Income from online slot machines accounts for a sizeable chunk of this total; losses from these games have increased by a factor of two during 2016, reaching a record £3.2 billion. From 23% before the epidemic to 30% presently, these online slots are a huge contributor to non-Lottery revenue.

The Worrying Trend

The Gambling Commission found that relative to consumers of other gambling products, slot machine players had the highest chance of losing money. Players spent an average of £67 every month on online slots during the epidemic, far more than the £36 spent on other casino goods and the £45 spent on actual event betting.

Potentially lowering the maximum wager for a single slot machine “spin” is something the government is presently consulting on. There has been talk of establishing a stake limit between £2 and £15, given the lack of a specific legal restriction at the moment.

Dr. Matt Gaskell, who is in charge of the NHS Northern Gambling Service, voiced his worries, drawing attention to the fact that these intensely addictive casino goods are intrinsically hazardous. He underlined the critical need for strict rules, including addressing online slot machines designed to extend gameplay and cause unsustainable losses.

Support for stringent regulations echoed from Labour MP Carolyn Harris, who advocated for slot stake reductions aligned with limits imposed on fixed-odds betting terminals (FOBTs) in 2019. Emphasizing the severe harms caused by addictive slot machines, she urged the government to stand firm against industry pressures.

Exploring The Evolution of Slot Streaming

Posted on September 5, 2023 by Aaron Decker

There has been a phenomenal shift in the gaming industry towards online platforms in the last ten years. Technology and the spread of high-speed internet have combined to make online casinos more accessible than ever. In tandem with this expansion, a new phenomenon called “slot streaming” has emerged. Players on streaming services like Twitch and YouTube may now provide live entertainment to viewers by filming their sessions playing online slot machines and commenting on their experiences.

Before sites like FruitySlots were popular for their alluring sign-up bonuses for slot players, slot streaming remained the purview of a small subset of gamers. But in recent years, the sector has surged in popularity, and hundreds of streamers now draw tens of thousands of viewers all over the world. Successful streamers have since turned their hobby into a profitable job by attracting sponsors, airing advertisements, and engaging in affiliate marketing.

A New Frontier

The expansion of slot streaming may be attributed to many different forces. As technology has improved, it has been simpler for streamers to create professional-quality entertainment in their own homes.

Thanks to social media, they have been able to cultivate passionate fan bases that make their viewers feel included. Additionally, more people are interested in learning about casinos and slot machines because of the overall explosion of internet gaming.

The earliest slot streamers included pioneers like Kim Hultman, known as “LetsGiveItASpin,” who began streaming on Twitch in 2014, and FruitySlots, a UK-based channel that started on YouTube. Other early streamers like Jarttu84 and The Bandit further popularized the concept. While these early adopters played significant roles, there were likely others who streamed casino games even earlier.

Twitch was the primary platform for live slot streaming, offering an interactive viewing experience with real-time chat. This has since changed though. YouTube is another popular platform, especially for recorded sessions. Slot streamers also use social media to engage with their fans and promote their content. Specialized platforms like CasinoGrounds and CasinoDaddy have also risen to cater to the casino streaming community.

The Money Factor

Most slot streamers play using their own money, which enables them to demonstrate their authentic experiences and emotions while participating in the activities. Limits on how much money may be wagered or how long a player can spend at the table are, however, still commonplace to promote responsible gambling and establish a good example for young people.

Slot streamers also earn money through various channels, including advertising revenue, subscriptions, direct donations from viewers, affiliate marketing, and sponsorships.

Tron Bet Crypto Gambling Expansion Set for August 8

Posted on August 3, 2019August 1, 2019 by Aaron Decker

TronBet, one of the world’s leading blockchain-based platforms, has done a great job in its effort to bring blockchain technologies inherent anonymity, security, and transparency to the online gambling space. The company’s goal has always been to democratize an industry where the users have often raised concerns pertaining to arbitrary behavior from service providers.

The team behind the disruptive company has recently published details of its newly rebranded business model. This planned migration from platform’s native cryptocurrency ANTE to its new cryptocurrency WIN. The plans have already begun to materialize with 5 percent of the newly minted WIN token set to be released on August 8 on Binance. This move is part of the projects Initial Exchange Offering (IEO) which, in the world of blockchain startups, is the equivalent of Initial Public Offerings (IPOs).

WIN, the new cryptocurrency, has been designed to allocate winnings from TronBet’s house-edge along with profits from its advertising revenues to token holder. This is one of the world’s very first distributed earnings model that leverages blockchain technology. As expected, from now henceforth, the platform will be rebranded as WINk and the platform’s broad range of crypto gambling products and services will enjoy formal trading licenses from the government of Curacao and Costa Rica.

New Strategy

TronBet arguably only comes second to Bitcoin when it comes to being one of the world most successful blockchain-powered products. However, the TronBet is setting some very ambitious goals with the major rebrand that is currently on the way. Their plan is to take the platform to a wider user-base as it leverages strategic partnerships with both Binance and BitTorrent. The latter was just recently acquired by Tron for a whopping $126 million.

Now, as far as its strategies are concerned, the project has plans to expand its development so that it can accommodate payment for its services through the more traditional banking methods like credit cards and eWallets. In essence, TronBet’s transition from ANTE to WIN is set to change a number of aspects in the company’s business model over the long-term. In addition to that, the transition is also set to allow for a greater chance for the token’s price to rise fundamentally over time instead of relying on the same speculative movements that define price in the broader crypto environment.

It goes without saying that blockchain technology seems to be one of the leading ways of bringing much-needed improvements to the online gambling industry. In fact, some analysts believe that crypto and blockchain are going to completely redefine the space. TronBet clearly knows about this and it is working quite hard to ensure that it is a part of this revolution.

Litecoin Gambling on the Rise

Posted on April 3, 2019April 2, 2019 by Aaron Decker

Digital currencies have been around for quite some time now and therefore it is safe to say that at least every single person will be familiar with at least one of them. In most cases, it is bitcoin, which is considered to be the mother of all cryptocurrencies having been around for the longest time. People and businesses have used these digital currencies in different capacities as they offer an alternative to cash and cards while at the same time offering transparency and anonymity, both of which are not really readily offered by fiat currency.

While digital currencies are yet to fully replace fiat in most areas, they have grown to become very useful forms of exchange and one of the most notable applications is in gambling. Still, bitcoin is by far one of the most widely accepted cryptocurrencies on online gaming platforms. However, things are changing rapidly in this regard and even though it will be almost impossible for bitcoin to be dethroned as the king of cryptocurrencies, other digital coins are beginning to at least match up to the threshold that bitcoin has reached. One of the cryptocurrencies that are headed in that direction is Litecoin.

The Perks of Litecoin

Just like bitcoin, Litecoin relies on a specific encrypted protocol that creates and transfers the Litecoin with no central authority overseeing or managing the transactions. However, unlike bitcoin, Litecoin processes a block of the ledger every 2.5 minutes as opposed to the just a little less than 10 minutes that bitcoin takes to produce a block – in essence, this implies that Litecoin confirms transactions faster than bitcoin and this great for gamblers who prefer to have their transactions to be processed as quickly as possible.

Litecoin also utilizes a memory-based algorithm which implies that there is more memory in the Litecoin system than there is in the bitcoin system. With all these goodies that are offered by the Litecoin technology, there is bound to be a catch which, in this case, happens to be that the faster and larger memory that the digital currency boasts of are much more expensive to operate.

Even so, Litecoin has managed to offer a plethora of exclusive features that have kept users streaming in for the same. Not only did the digital currency adapt very well to new technologies, but it also introduced such features as transaction canceling which is something that other cryptocurrencies are lacking. Furthermore, player safety and security are always guaranteed but as always this may depend on whether you are playing at a reputable and recommended online gaming platform that accepts Litecoin as a form of payment.

OneHash Announces the Release of New Bitcoin Dice Game

Posted on January 3, 2019January 3, 2019 by Abe Efe

OneHash is a mutual bitcoin betting platform that aims to be the world’s leading mutual bitcoin betting platform. The platform focused on two broad kinds of betting, that is, sports betting and market, and since it is a mutual platform, all the odds are created by the user’s themselves as opposed to a centralized oddsmaker authority. It features bets on all major traditional sports like basketball, hockey, soccer, and rugby with esports betting being one of the latest additions to its neat portfolio. Market betting on OneHash’s platform involves betting on cryptocurrency prices as well as the prices on foreign currencies.

Sports betting aside, the platform also offers other gambling games including crypto slot titles and a dice game, the latter of which was just recently launched. Known as CyberDice, the new game is the platform’s attempt at keeping up with the competition in the Dice market. The dice game is a huge step towards strengthening the platform’s leadership position in the bitcoin entertainment market. Some of the best things that set CyberDash apart from all the rests is the improved gameplay and new features that it offers – these include regular contests, leaderboards, as well as chat communities which go a long way in strengthening the community and making it more vibrant.

More Features

The community features and contests that are featured in the game are just a part of the gaming experience but they are not all that makes it as good as the company claims it is. In essence, most of the other features are designed to appeal to the most demanding games who are always keen to see if the games they play have:

A provably fair system
Regular faucet
Low house edge
100% mobile-friendliness
Unique design and UX
Affiliation program
24/7 active support
Full security

Aside from all the technical details and comprehensive features, the game was further designed to offer the best possible experience, something the developer achieved by embedding it in the post-apocalyptic cyberpunk universe. The developers of CyberDash even introduced the Oracle concept which essentially foretells the future to players who are not afraid to know it. These added to the beautiful graphics and strong storytelling techniques make the game extremely fun to play.

For players who are concerned about fairness, CyberDice was designed for a wide range of users with absolute transparency being the project’s main inspiration. In fact, users are even able to check the integrity of every single roll and confirm that there is zero manipulation. The developer has also promised that the game will be improved constantly and many more features will be available in the next few weeks.

Metal and Rock-Themed Slot Machines Are Now a Thing

Posted on December 12, 2018December 12, 2018 by Aaron Decker

Since the dawn of online slot games, music has not been front and center of the general themes of the games even though it is impossible to deny the fact that sounds take the gaming experience to a whole new level. In fact, today almost every slot machine title has a special soundtrack accompanying the amazing graphics and smooth animations. But that is definitely not all. Now, there is a new trend where online gaming sites offer video slot games based on popular musicians and bands.

Almost all of the existing slot machine titles are inspired by popular culture, that is, players will come across video slot games based on sports, movies, celebrities, and other classic characters. In general, there is always something for everyone. Well, almost everyone. Innovation in the gaming space has seen to it that there is a variety of different kinds of games that players can choose from.

Music-themed video slot games are a newer addition to the online slot machine space and they are gaining more popularity by the day particularly because of the diverse nature of music and the artists themselves. Even so, metal and rock music have often trailed behind in this regard but things are changing with more developers catering to rock and metal fans through the development of video slot games depicting various elements of the culture. The choices are still rather tight but some of these slot machine games will definitely appeal to rock n roll and metal famous primarily because they are inspired by famous music icons and bands. Let’s have a look at some of them.

Jimi Hendrix

As its name suggests, this NetEnt video slot is inspired by Jimi Hendrix and is meant for people who enjoyed the artist’s music. Not only does it come with all the impressive graphics and animations that NetEnt slot machine titles are famous for but it also features a number of exclusive features that make it a truly outstanding reel spinning experience.

Guns N’ Roses

Released in early 2016 by NetEnt, this slot machine game was inspired by the band’s 30 birthday and made in collaboration with the Bravado International Group. The game is well-made in nearly all aspects and offers players the chance to experience a whole new dimension of interaction with one of the most legendary rock bands of all time. To put this into perspective, players can actually play on a live stage and enjoy spinning the reels as the crowd cheers. Furthermore, players also get to listen to the band’s music as they play.

Motorhead

This game (also from NetEnt) brings another iconic band to the palms of players’ hands. Expect to be blown away especially if you are a fan of heavy metal music.

Bitcasino.io Launches New and Improved Crypto Casino Site

Posted on December 5, 2018December 5, 2018 by Abe Efe

Coingaming Group-operated leading licensed bitcoin (BTC) casino, Bitcasino.io has relaunched its gaming platform with a ton of improvements that are designed to offer players the fastest and the most user-friendly casino experience in the market. In fact, the company claims that its new and improved site offers load speeds of up to eight times what its competition has to offer – the new mobile-first site loads in just two seconds, something that the new generation of tech-savvy players will certainly appreciate especially because such load speeds were unheard of in the online casino gaming scene.

Crypto-powered casinos are becoming more and more popular which makes the market even more competitive than it was just a little over two years ago. As such, it is great to see that many of the companies are investing in delivering exceptional gaming experiences to their customers. Bitcasino.io’s efforts, in this regard, is definitely going to have a huge impact on the industry.

Putting the Player First

Bitcasino.io’s has a customer-centered philosophy and this is what drove the company to dedicate a whole two months into creating one of the most advanced mobile-first and user-friendly gaming products in the industry.

“Our players wanted a faster loading site, with personalization and a wide range of search parameters at the heart of the offering. We listen closely to every element of feedback we receive and have delivered on our promises with an exceptional product,” Tauri Tiitsaar, Head of Casino at Bitcasino.io, commented.

Some of the new features that customers of the platform can look forward to include a number of options that will allow for more personalized gaming experiences. These include a decent number of configurable search filters, easy-to-use wallet options as well as wide range of revamped promotions designed to keep the players engaged and convince them to make the fast, fair and secure platform their go-to online gaming zone.

Still, on the customer-centric design of the casino, Bitcasino.io also incorporates machine learning into the revamped platform. With this feature, players will be offered games that align with their precise personal preferences. Furthermore, players will find it much easier to search for their favorite games based on the names, types, themes and even the game providers.

The new and improved site includes many other revamped features that will be implemented gradually due to the need for player feedback. However, in addition to the ones mentioned above, one of the improvements that players can look forward to in the coming weeks is the enhanced search feature that will allow them to look for games based on Return to Player (RTP) percentage, volatility, and hit frequency.

BTCXE Also in the Mix

For players who are new to crypto, Bitcasino.io has included BTCXE, the new and sizzling currency converter that turns fiat currency to bitcoin (BTC). This gives players an additional level of control and will be available on all supported devices including desktop computers, laptops, and handheld devices. Bitcasino.io has always been trying to stay ahead of its competitors and this just happens to be one of the innovative ways that they are doing it.

Travel Far-East with CryptoSlots’ “Trip to Japan”

Posted on November 14, 2018November 14, 2018 by Aaron Decker

CryptoSlots has been making waves in both the online gambling and crypto worlds as it goes from strength to strength with some of the best crypto-powered online slot machine innovations on the planet. The Slotland-owned online gaming platform has been releasing a number of new game projects and nearly all of them have been able to deliver on the company’s mandate to give its players the very best gaming experience. Having crypto in the mix makes it even more appealing to gamblers who happen to be crypto enthusiasts as well.

“Trip to Japan” is the most recent addition to CryptoSlot’s robust portfolio on crypto-powered online slot machine titles and just like the products that came before it, the game offers some of the most attractive deposit bonuses in the business. While these bonuses will only be available until the end of Wednesday, November 14, the game allows players to spice up their far-east adventure with a bunch of other generous promotions and innovative features.

The Details

Trip to Japan is a 5×4 slot machine that includes extra features for high wins coupled with generous bonuses that will make playing a very rewarding. Despite that CryptoSlots is barely six months old, the online crypto casino which is the side project of renowned slot machine operator, Slotland, has managed to stay ahead of the competition by consistently releasing well-designed, innovative and entertaining games. Trip to Japan is its fifth slot machine title release since it was launched earlier this year in May.

In the game, players spin through samurai swords and sushi for exotic wins. It further includes Double Wilds which are meant to help the players to form winning combinations across the reel as well as scatter symbols that activate the game’s built-in Win Multipliers and Free Spins bonus round.

To play the fresh and crisp slot machine games, players only need to be of the gambling age and have an operational email address. As such, the sign-up process is not only very straightforward but very simple even for people who are completely new to online slots machine gaming. The emphasis on the crypto aspect of the online gaming platform is confirmed by its assurance that the gaming environment will always give players from all parts of the world maximum control over their wagers and maximum anonymity.

“Players don’t have to take us at our word that our games are fair, Provably Fair gives them the tool with which to prove it for themselves,” said Michael Hillary, casino manager.

As always, players who choose to play Trip to Japan will be able to use some of the most reliable and trusted cryptocurrencies as a means of payment. These include Litecoin, bitcoin and Bitcoin Cash.

CryptoSlots.com and BTC HEAT Go Live with New Offerings

Posted on October 24, 2018October 24, 2018 by Abe Efe

Cryptocurrency-only casino, CryptoSlots.com is once again all the buzz in the online gaming scene thanks to its new innovative original slot machine title known as Coin Rush. The new slot game lets players spin through familiar cryptocurrency symbols in a bid to make winning combinations across 20 active paylines. Naturally, the bitcoin logo is the highest paying Coin Rush symbol, but players will also be in for some big wins if their combinations include Litecoin, Monero or any other high-value coin in the slot game. In a typical sense, all of Coin Rush’s symbols have values that correspond to what they are actually worth in the real world.

Launched in May this year, the Slotland Entertainment backed CryptoSlots.com debuted with a robust selection of outstanding slot machine and video poker titles all, all of which were proven to be provably fair. Just like the online casino’s all other offerings, Coin Rush is packed with tons of bonus extras that include Free Spins gifting up to 99 bonus rounds as well as several Double Wild Symbols.

“Our casino is perfectly tailored to the wants and needs of the crypto community,” CryptoSlots manager, Michael Hillary, commented on the new product. “Our players will love the theme of this new game, and its generous Free Spins Bonus.”

Coin Rush and the entire website, in general, is great for crypto users since, unlike many other online casinos, the players will only be required to provide their email address and consent to a prompt asking them if they are of the legal gambling age. Other than the unmatched level anonymity that the site is offering, players will also be able to access extremely fast payouts through BTC, Bitcoin Cash and Litecoin – more are expected to be added for Coin Rush gaming soon.

BTC HEAT Debuts Free Bitcoin Slot Games

BTC HEAT is a newly launched online gaming site that allows players to enjoy free slots and other market investment games. On signing up, the players are given free spins which they are allowed to refill every three hours. But that is not even the best part.

While players do not need to make any deposit at BTC HEAT, they are given the chance to win real bitcoin (BTC) which can then be withdrawn to specific wallets. How is this possible? Well, BTC HEAT monetizes the site through ads, that is, it displays videos, graphics, and offers. The profits gotten from these advertisements are then put in the main prize pool. The more players spin the reels, the more they add to the site’s pool and this gives them an even higher chance of winning some bitcoin.

Signing up is also pretty easy as all that the players need is a valid bitcoin wallet address – this makes it a very safe gaming platform as players do not have to give out their personal information in order to play. Moreover, the anonymity the site offers is incredibly appealing, especially for gambling and crypto enthusiasts.

Hero Gaming Debuts A Faster Online Slots Interface

Posted on September 12, 2018September 18, 2018 by Abe Efe

Hero Gaming is famous for being an innovative creator of fun gaming experiences which can be attested by its solid portfolio which includes online gaming platforms like Speedy Casino, Casino Heroes and sports betting site Betser. Now the Malta-based company is taking the next step with the recent unveiling of Blitz, a new slots interface that will allow players to spin up to six times faster than they used to.

The idea behind Blitz which was developed in collaboration with NetEnt was letting the customers play faster without having to wait for the slots to be displayed after each spin – quite a number of slot players have cited the waiting period to be time-consuming for them. Blitz further allows the players to stop the game at any time, leaving the updated account balance and remaining spins completely visible to the player.

“There’s a lot going on in the gaming world right now, and our focus is always on developing innovative gaming experiences that are both entertaining and technically in the forefront. Behind Blitz is a complex technical solution that meets the needs of today’s gamers – it should be easy and fast while the pleasure factor is high. You should not be disturbed by information and graphics if you don’t want to. We’ve spent a lot of time and effort in developing a technical platform that has both flexibility and strength. Blitz is an example of what we can create on it,” Tomas Bäckman, CEO of Hero Gaming commented. “This is a collaboration between two driven and innovative players, utilizing both companies’ strengths. NetEnt has contributed with significant insights and technical know-how in this process. My assessment is that Blitz will be a contribution to the gaming market.”

The new slots interface has been developed as an overlay on top of NetEnt’s technology, something that is already proving to be immensely beneficial to both companies. While Hero Gaming’s business will be receiving a significant boost from the technological resources that NetEnt has to offer, the operator will be bringing a set of innovative gambling offerings to the table.

“We are pleased that Hero Gaming has chosen to develop Blitz on NetEnt’s platform. Our ambition is to be at the forefront, and we welcome innovative thinking and creative initiatives from our customers. In the future, I think we will see more of this type of products and solutions – to tailor the experience to different gamers. It will be exciting to see how gamers will use Blitz and we are looking forward to following developments,” NetEnt’s chief of product, Henrik Fagerlund said.

Tag: Online gaming