Trusting The Online Gambling Industry

The amount of trust people put in the online gambling and casinos industry is really amazing and it is an earned respect. It doesn’t take long before a rogue internet casino is exposed and the damage done is usually minimum at least to the industry as a whole.

The trust factor is an important element for online sports betting casino games and poker so feeling secure that the games are not rigged or the match fixed is the cornerstone of wagering.

The issue for the online aspect of betting is its lack of real face to face encounters. The use of robots to outpace and win at poker for example does not give the gambler a sense of security. It is true that computers are running everything today and as artificial intelligence continues to advance and creates the perfect game, people will still rule the gambling world.

The online and terrestrial casinos are all in business to make money so all casino games have a payout that is lower than the theoretical 'full odds' of the game resulting in what is called the 'house edge'. This is not hidden by the casinos. To be safe and get a reliable and relaxing experience stay with large well known brands that are regulated in the UK or an approved UK jurisdiction for example. Play at casinos powered by trusted online casino software, is also a good bet when it comes to a good time. Also look for proof of third party audits of a casinos payouts and random number generators and research your choices.

Gambling responsibly means not playing with funds you cannot afford to lose, winning is why there are bookies and online casinos the house truly always wins. Gambling takes intelligence and the algorithms created by the computer wizards can still be seriously wrong after all look at Brexit and Trump.

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Trump Online Betting Action On The Rise

The interest in American politics has never been greater and watching and even betting on its inevitable outcome, the possible impeachment of the forty fifth president of the USA has become a pastime thousands of people are participating in. There are in-depth studies on the rise and possible decline of the Trump administration.

It appears that things for the most part are not going well for this President but he does have a knack of landing on his feet or should that be tweet. The bookies are having a field day with the number of punters and the instant reaction to the news from Washington about the next chapter in Donald’s saga.

The potential for impeachment is slim with the Republican Party having control over the Senate and the Congress Mr. Trump’s own party would have to turn against him. This looks to be happening with the numerous situations occurring in the White House. Staff chaos is having an effect on the President’s public approval rating. These are all factors contributing to the rising and falling of the bookmaker odds.

The approval rating for the Donald is at an all time low with the latest sackings of the press secretary and possibly the Attorney General  Jeff Sessions, the Trump campaign’s pre-election links with Russia - has accelerated Trump's approval rating decline, now at around 39 per cent according to the latest average. Most of the British books are giving a 48 percent chance of Trumps Impeachment or resignation before 2020 or 11/10 and to serve a full first term its 8/11, that’s a 58 per cent chance.

The pendulum swings in both directions with the possibility of Trump coming out of the speculation fog smelling like a rose. Many believe that Donald Trump has made the biggest gamble of his life with his run for the President and his aim to drain the swamp of Washington’s elite.

 

 

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Clarion Events Acquires Affiliate Summit Corporation

The marketing of the online gambling industry is a major industry in of itself and there are companies which have taken up the cause with great enthusiasm. Clarion Events can trace its roots back to 1947 with a team dedicated to building the business by enhancing the consumer relationship and experience. Clarion Events provides a global platform including the iGB Affiliate series of exhibitions, iGB Affiliate Magazine, InternetRetailing Expo, InternetRetailing Conference , and the Internet Retailing Summit.

Another iGaming Business affiliate-facing brand is iGB Affiliate which has created LAC, AAC and BAC the three biggest affiliate events in the internet gaming industry. The affiliate conferences are an opportunity to maximize exposure for operators and their affiliate networks.

Now iGB Affiliate and its owner Clarion Events has announced the acquisition of the Affiliate Summit Corporation, which includes the Affiliate Summit tradeshow and conference, FeedFront Magazine, GeekCast.fm, ReveNews.com, and the annual AffStat industry benchmark reports.

Affiliate Summit has since launching in 2003 has made great strides in providing a comprehensive events and information platform for the affiliate marketing sector. Expanding the coverage the Affiliate Summit will deliver continued coverage of the affiliate marketing sector both in the USA and now internationally. Affiliate Summit Co-Founders, Missy Ward and Shawn Collins will continue running Affiliate Summit

Shawn Collins commented, “Clarion is widely regarded as a leading event organizer, and we will be harnessing their expertise in order to expand internationally and bring our events to the next level. Becoming part of Clarion will add value to our current brands and provide an opportunity to take new products to emerging markets. Bringing Affiliate Summit and iGaming Business together will deliver enhanced benefits to attendees and exhibitors alike.”

Alex Pratt, Managing Director of iGB Affiliate, Clarion Events also commented,  “This is a really exciting acquisition for Clarion, bringing together the biggest affiliate marketing events company with Clarion’s resources, expertise and successful affiliate shows in igaming and finance.”

 

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Sports Betting Issue Still Plagues USA

The online betting on sports issue in the USA has been talked about and speculated upon by many analysts and legal eagles for is seems like forever. Making decisions about the overall legality of online sports betting  for the most part has been a red herring among the Washington politicians.

The backers of the Republican cause such as Sheldon Adelson wants the federal government to outright ban online gambling forever. The political divide over a number of the real problems facing the Trump administration and the priority of the online gambling issue is obviously not on the radar of most politicians. Specifically the latest problem with the Attorney General Jeff Sessions taking himself out of the picture and yet another administrator coming into the discussions.

There are arguments to be made that maybe Sheldon Adelson will get his wish for a ban on the online gambling industry. The Republicans may be trying a tactic that has worked before by slipping the needed legislation into an omnibus bill that covers a other issues related, such as sports betting. The trade off being the feds let the states have sports betting but prohibit online gambling. Assemblyman Adam C. Gray from California is one proponent of sports betting being legalized by the federal government. "Whether we like it or not, Californians are already betting on sports through illegal and often unscrupulous websites in foreign countries," Gray continued, "It is time to bring this multibillion dollar industry out of the shadows."

The Professional and Amateur Sports Protection Act of 1992 is being questioned as unconstitutional and outdated. The leagues that once supported this Act such as the MLB, the NHL and to a lesser degree the NFL have taken a less aggressive stance against gambling. The introduction of the latest trend Daily Fantasy Sports betting has created yet another issue that politicians all over America are dealing with legally.

 

 

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Online Gambling Braces For Brexit Impact

Brexit has been made official and now the various industries that have been a big part of the European Union’s e-commerce are facing some big questions regarding the future of their businesses. Of the many sectors the online gambling community is showing concerns whether leaving the European Union will have a negative effect on the bottom line.

It may not be the best thing for the E.U. but Britain may do very well in the gambling industry and legal industry. The United Kingdom has six of Europe's biggest gambling and regulatory bodies including the UK Gambling Commission and the Gibraltar Regulatory Authority which licenses some of the largest operators in the online gambling industry today.  Without Britain’s centralized gambling regulations companies and nations are on a state by state basis. The concept of countries assisting each other in difficult times now becomes untenable and no longer legal. A me first before anyone else approach becomes common. It is a step away from which is an unsafe and insecure operating environment for the European Union. When  British Prime Minister Theresa May formally began the much huge UK exit from the European Union the repercussions are beginning to mount up.

Changes have occurred in the internet betting industry as a result of the Brexit already. Most of the changes are being prepared by lawyers who are most concerned about damage control for a lot of online gambling operations and the tearing up of trade agreements with a number of jurisdictions.

Quoting the Teresa May government UKGC CEO Sarah Harrison said, ‘Out of the EU doesn’t mean out of Europe’. Adding, “There will still be the need for regulators – whether Europe-based or international – to share information and talk to each other, to share best practice,”

Aside from having less access to the talent pool of developers and skilled creators of innovative gaming products it looks certain that British internet betting will thrive as it has in the past.

 

 

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Licensed Online Sports Betting Growing In Russia

Late last year the Russian government’s Ministry of Finance overhauled its taxation regime for licensed sports betting operators in the country cutting the rate from 5% to 3% to finally 1%. The lowering of the taxes for licensed online betting operators was a response to a number of appeals from firms in Russia which already contend with a variety of other taxes and regulatory costs.

In February of 2017 Russia’s Ministry of Finance targeted online gambling payment processing with new legislation designed to block payment transactions with unlicensed international online gambling firms.

Russian authorities estimate that $3 billion (€2.8 billion) is spent each year on illegal online gambling that involves international gambling operators. Back in June of this year Russian billionaire Alexander Mamut planned to join with GVC Holdings, the parent company of Bwin, to launch an online sports betting platform in the jurisdiction.

Kommersant, the Russian media outlet reported that Bwin.ru will partner with licensed Digital Betting LLC., and online technology company Rambler & Co to launch the offering.  Both enterprises are owned by Mr. Mamut. Mamut has said he will spend up to €10m ($11.2m/£8.6m) per year over the next three years to develop the new sports betting Bwin.ru brand. As of June 2017 there are about 10 bookmakers approved to offer online wagers to Russian punters. It has been suggested that Bwin's entry into the market may serve as a model for other firms considering entry into Russia’s gambling arena.

Since the entry of Bwin.ru there is another company willing to offer sports betting services in the area with Marathon launching its platform in Russia. A licensed operator, the new Marathonbet.ru platform will advance its presence in Russia. Consumers of the new products offered are required to resister at one of Marathon’s retail outlets although only the firm currently only has sites in Moscow and St. Petersburg. Kommersant media says that the regulated online gambling market is currently worth only €15.7m in total annual revenue.

 

 

 

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Artificial Intelligence Fueling Online Gambling Trends

The words artificial intelligence can mean nothing to the average punter but for operators it can be a game changer. The use of AI in the internet gambling industry is definitely putting a different spin on the experience for the online gambling participant. The advancements in the tech sector with more powerful and integrated computer networks has given the online gambler a safer and more enjoyable time while playing.

The trends are being made mainstream with the innovative approach that online gambling operators and developers are using with the help of artificial intelligence. A recent internet gambling conference speaker Dr. Freija van Duijne, president of the Dutch Future Society, spoke about these emerging trends impacting the online gambling industry and provided insights into how the futurists use trend insights to stay ahead of the techno curve.

Developers such as BtoBets and one of its platforms the intelligent B Neuron is an advanced Sportsbook and Gaming platform on the market that offers an array of tools using AI to navigate involvement with online betting.  Kostandina Zafirovska Chief Executive Officer of BtoBet said in an interview with CalvinAyre.com’s Becky Liggero explaining the role of artificial intelligence in providing a personalized gaming experience.

“It is very easy because working long years in technology, working with different industries, these technology trends are massively adapted and well integrated in the big systems, especially in the finance industry. So it is easy to reflect that experience into gaming,” Zafirovska continued, “Having artificial intelligence incorporated in the gaming platform with the combination of augmented reality, virtual reality, and recommendation engine, really tailors different offers for the players and saves a lot of money for operators in a way that we like to give some new experience, and new expectations to be brought in the market for the players and to change a bit and drive a different gaming experience. More exciting and more personalized.”

 

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Ireland's Online Industries Thriving

Watching the evolution of the online gambling world has been an enjoyable experience for anyone that got involved in the industry at its beginning. There are so many aspects of online gambling that a business person can become part of with so many required skills to run the many enterprises.

The positive affect that internet betting operators bring to an economy is desired by governments looking for clean high paying employment opportunities for their citizens. There are many examples of this with notable ones being Malta and Ireland.

Ireland has had its fair share of economic problems and was particularly hard hit when the European economies failed not that long ago. Ireland however has weathered that period of dire need and reformed itself and its economy to become a model for success. Ireland has turned its attention to attracting the digital industries becoming a central core for web activity.

The digital economy has found a home in Ireland with the gaming industry doing particularly well.  Irish national and gamedevelopers.ie associate Jamie McCormick recently revealed that the industry is estimated to have grown to just over €243m in 2016 with the 5 % growth is expected to continue.

Online gambling industry in Ireland has been estimated to be worth possibly €1.1bn annually, with online gaming contributing some €220m with no real hard facts to back this suggestion up.  Much of the wagering economy can thank the passing of the Betting (Amendment) Act in 2015, online gambling in Ireland is legally legitimate as all remote operators regardless of where and whether they are online or not  doing business in Ireland are subject to Irish licensing and taxation. One study suggested that, now that online gambling  is properly regulated, it could be worth €7.5 billion to the economy by 2020. In the case of the Irish economy the saying the “luck of the Irish” fits.

 

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Swiss Banks Offering Bitcoin Financial Services

Bitcoin brings the world of finance into a different perspective with the coin now topping the two thousand traditional dollar mark. The use of Bitcoin to keep the identities of holders of the virtual currency private is gaining traction in many parts of the world especially for the participants of online gambling.

The coin has been up and down in value over the last year or so with recent values almost at the three thousand dollar level. The current situation is favourable for bitcoin users with bitcoin friendly jurisdictions creating trading platforms for the crypto currency. In recent weeks one boutique financial services bank in Zurich Switzerland has been authorized to hold bitcoin.  

The Falcon Private Bank has partnered with virtual money broker Bitcoin Suisse launching a blockchain asset management service. The service has been approved by the state regulator Swiss Financial Market Supervisory Authority (FINMA), according to Falcon. The service allows customers to exchange and hold bitcoins utilizing the Falcon Bank option by using real cash holdings.

Arthur Vayloyan, Falcon’s global head of products and services commented, “We are proud to be the first-mover in the Swiss private banking area to provide blockchain asset management for our clients,” adding, “Falcon is convinced that the time is right to enter this nascent market and it is our firm belief that this new product will fulfil our clients’ future needs.”

The Falcon Private Bank is not the only financial institution involved with bitcoin trading with online bank Swissquote announcing a partnership with Bitstamp to offer bitcoin trading with both the euro and U.S. dollar on its platform. Bitstamp will provide a full capacity program for all of Swissquote’s requirements. The two firms are planning  the expansion of the partnership “as Bitstamp brings Swissquote’s range of services to its customers.”

Bitstamp CEO Nejc Kodrič said, “The strong potential shown by digital currencies in their relatively short history has led to traditional financial markets looking for ways to get involved,”

 

 

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California Adds Its Voice For Legal Sports Betting

The old saying that the squeaky wheel gets the grease comes to mind when mentioning the smoldering issue of legal sports betting in the USA. The contention remains that the situation for US jurisdictions and the ability to offer wagering on sporting events legally is unfair and it needs an adjustment from the federal government authorities.

There have been attempts in court to alter the standing law that prohibits sports betting in all the states except four, Nevada, Oregon, Delaware, and Montana. The newest delegation to call for a removal of the ban on sports betting in America is California which is echoing the efforts of New Jersey to have the rules changed. New Jersey has been battling in court over the issue for some time now and the US Supreme Court will hear an appeal to legalise sports betting.

Assembly member Adam C. Gray, chair of California’s Assembly Governmental Organisation Committee, has tabled a constitutional amendment to authorise sports wagering in California, if the federal government agrees. Gray said in a statement, the ACA 18 amendment in California now adds its voice with Connecticut and Mississippi which have also introduced bills allowing their jurisdictions to offer sports betting legally.

Gray commented,  “Whether we like it or not, Californians are already betting on sports through illegal and often unscrupulous websites in foreign countries.It is time to bring this multibillion dollar industry out of the shadows.

“We need to crack down on illegal and unregulated online gaming and replace it with a safe and responsible option, which includes safeguards against compulsive and underage gambling, money laundering, and fraud.”  “All other gaming activities in California are subject to regulations that ensure the safety of consumers; sports wagering should be treated no differently.”

If the Supreme Court rules in favour of New Jersey’s online sports betting proposition, other states will be able to gain revenue from this proven lucrative source.

 

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