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Finns flock to work in Online Casinos in Malta

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It is quite well known that Malta is one of the most sought-after-places for online gambling. The reasons are not exactly rocket science. Friendly government regulations and favourable tax regimes are what attract gaming companies to this tiny island.

What is less known though is the number of Finnish citizens working in the gaming companies in Malta?   Apart from Finland, other European countries such as Sweden, Portugal, Slovenia and the Czech Republic do not allow any commercial online gambling operators and the government hold monopoly on the lottery and actual and virtual casinos. Some of the European countries, UK, Italy, Latvia, Luxembourg, Malta, Slovakia, and Estonia, have a fully or partly deregulated online gambling market.

Malta has over 300 companies in the gaming sector, employing around 12,000 people. Among those who have moved there are at least 400 Finns. Malta has thus been called “The Silicon Valley of Casinos.”

While only Veikkaus, PAF (Åland equivalent of Veikkaus) and Finntoto are allowed to offer online and offline gambling to the Finnish population, there are up to 100 international sites offering Finnish language gambling sites. Veikkaus and Paf also operate actual casinos and plenty of slot machines in Finland.

Finland’s slot machines for gambling situated in public places are exceptional for Western countries. As the cashier at a till hands over a coin as change, many Finns advance to the slot machine by the entrance in a routine-like manner to try their luck. In other Western countries, such a habit is very unordinary.

“In other countries gambling machines are usually situated in casinos, restaurants, and bars, whereas in Finland they are a part of people’s everyday life in shops, kiosks and petrol stations,” says development coordinator Tapio Jaakkola from Gambling Clinic (Peliklinikka), specialised in gambling addictions.

A valid argument offered by the government in regulated countries is preventing gambling addiction and the resulting financial crisis to individuals by limiting the amount people can gamble and on the other hand recycling the profits to the society for good causes. Veikkaus and PAF return the majority of their profit to culture, sports, research and other social causes. The third argument is the reliability of the gambling operator. Government-owned companies do not cheat.

Same could not be said about commercial online gambling sites and because of the vastly unregulated international market and difficulty of control, there is no guarantee that sites could be reliable. Several services such as Kantacasino.com have tried to solve this problem by star ranking and auditing online gaming sites based on reliability, the number of games available, offered bonuses, and user-friendliness of sites.

According to the Ministry of health of Finland, 2.7 per cent of Finns in the age group of 15–74 suffer from gambling problems at different levels. That is 110,000 Finns. Gambling problems are three times more common among men than women (men 4.7 per cent, women 1.6 per cent). The change of the age limit (K-18) in 2011 has significantly reduced gambling within the group of young males. Gambling among girls was rarer already before the amendment. There are several different sites offering help and information for people with gambling problems, such as Pluuri, Gametalk and Peli poikki.

Source: helsinkitimes.fi

Source: Latest News at European Gaming Media

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Lottoland responds to Gambling Commission report

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Online betting operator makes head start on addressing calls for stronger partnerships to protect children with launch of its P.A.R.E.N.T initiative

 

Lottoland has responded to a Gambling Commission report claiming stronger partnerships are needed to protect children following the launch of its own education initiative.

The online betting giant’s P.A.R.E.N.T scheme is being introduced to support parents, educators and youth representatives across the board in mitigating the risks posed to young people gaming online.

A report from the Gambling Commission published today shows that close to a million youngsters have been exposed to gambling through ‘loot boxes’ in computer games or on smartphone apps, and claims the number of problem gamblers aged 11 to 16 has reached 55,000.

Nigel Birrell, CEO at Lottoland, said: “Lottoland already felt strongly that we could and should be doing more in the countries we operate in, even before this report, and its publication coinciding with the launch of our own partnership initiative supporting all those touched by the issues involved has given us more impetus than ever to push forward with our plans.”

In its latest report, the Gambling Commission called for regulators and businesses across industries to work together, and also highlighted the important influence parents can have on children’s gambling behaviour.

Lottoland’s P.A.R.E.N.T initiative focuses on six key behaviours essential for responsible gaming, and is designed to help all those involved in youth gaming ‘stay on their game’ following initial consultation with teachers, NGOs and other stakeholders.

These six key areas are:

P – Parent

A – Awareness

R – Responsibility

E – Environment

N – Nurture

T – Trust

Research conducted by the online betting giant also shows almost half the nation’s children aged 7-16 enjoy unlimited time online each day, and 1 in 5 have access to online games without any restrictions in place at all*.

Its P.A.R.E.N.T campaign otherwise comes after Lottoland researchers also found:

 

  • Almost half the nation’s children enjoy unlimited time online each day – and 1 in 5 have access to online games without any restrictions in place at all.
  • Children’s online gaming habits cost the average UK parent £31 in charges – a third of whom are unaware of the costs due to them until it is time to pay
  • Almost one in five (18%) parents with children aged 7-16 in the UK do not know you can play games with other users live over the internet.
  • More than a quarter of UK parents with children aged 16 or younger admit to knowing ‘none’, ‘very few’ or only ‘some’ of their online friends.  
  • Half of all UK youngsters spend up to four hours a day online in the school holidays – and almost twice the amount of time on average that they do in term time.

 

Mr Birrell said: “This latest report from the gambling regulator, as well as our own research, goes to show that the need to equip parents, teachers and others involved in the education of young people today with the awareness they need to successfully navigate today’s online gaming environment is more pressing than ever.”

“The scheme already been well received after focus group discussions held at the University of Gibraltar with various stakeholders led to the launch of P.A.R.E.N.T in conjunction with Gibraltar’s Department for Education,” Mr Birrell added.

“As such, P.A.R.E.N.T scheme training sessions are now being planned for delivery in conjunction with primary and secondary teachers across countries covered by the European Lotto Betting Association (ELBA), of which Lottoland is a founding member.”

“The time to come together and provide young people today with the resources they need to ensure they are ‘switched on’ enough to enjoy all that online gaming has to offer with the self-awareness required to stay safe and sound at all times is here.”

 

* The study was conducted by OnePoll between 19th and 28th of September, 2018 and polled 2000 parents of children aged 7-16. Participants were recruited online and were paid to participate.

 

About Lottoland

Lottoland has grown rapidly to become a world leader in online lotto. Innovation, coupled with the freedom to offer players a unique and enhanced lottery experience, has been key to the company’s success. In June 2018, Lottoland paid out €90 million to one lucky winner in Germany – this win has been confirmed by Guinness World Records as the Largest online gambling payout. This is also the biggest payout for Lottoland to date.

The Gibraltar-based business is active in 13 markets, has over 350 employees, and more than 8 million customers worldwide. Lottoland is licensed and regulated by the Government of Gibraltar, the UK Gambling Commission, the Republic of Ireland National Excise License Office, the Agenzia delle Dogane e dei Monopoli in Italy and the Northern Territory’s Racing Commission in Australia.

 

 

Source: Latest News at European Gaming Media

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BOSS. Gaming solutions are visiting SiGMA 2018

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BOSS. Gaming solutions are visiting SiGMA 2018Reading Time: 1 minute

 

On November 28, the fifth edition of SiGMA – the world’s leading iGaming summit – will take place at the Malta Fairs and Conventions Centre in Ta’ Qali. The event will gather around 400 exhibitors and sponsors from 80 countries of the world.

BOSS. Gaming solutions will be on the list of 12,500 visitors of SiGMA. The company will present their products and solutions to 400 sponsors and exhibitors, 2,500 affiliates and 200 speakers.

We’ll bring our best achievements in iGaming industry,” says Catalina Lukianenko, COO from BOSS. Gaming. “We are excited to share the results of our long-standing work to those attending this important iGaming summit in Malta.”

BOSS. Gaming will exhibit our core products, such as the BOSS. Platform, SIMPLE BET, and AGames, as well as White label and Full turn-key solutions.

Join us at the stand № S57!

 

About BOSS. Gaming solutions

BOSS. is an independent software developer and provider of online and land-based gaming solutions. BOSS. develops gaming platform, sportsbook and betting services, land-based casino software, affiliate system, payment solutions, own online casino slots and White label solution.

BOSS. Gaming provides consulting services and helps to get a license, develop strategies, manage purchased online casinos, offers technical and operational support and assists clients with getting business results.

Source: Latest News at European Gaming Media

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Wazdan shortlisted for prestigious Malta Gaming Awards.

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Innovative slots-maker Wazdan has been shortlisted for the Malta Gaming Awards in the Games Vendor category.

Wazdan have gathered a lot of interest around them this year due to numerous nominations, shortlistings and awards. The company took the prestigious ‘Online Casino Innovator Award 2018’ at the Central and Eastern Europe Gaming Conference (CEEGC) held in Budapest as well as the coveted Hot Product Award at G2E Asia in the company’s first foray at that event. Wazdan won Start-up of the Year at Malta’s iGaming Excellence Awards 2018 and was recently shortlisted for ‘Best Gaming Innovation’ at the SBC Awards 2018, underlining how much progress the ambitious slots-maker has made over the course of the last 12 months

The Malta Gaming Awards has lined up a host of VIP’s to be in attendance including H.E. Marie-Louise Coleiro Preca, President of Malta and world-leading tenor Joseph Calleja, Malta’s first ever Cultural Ambassador. Malta Gaming Awards has built a formidable reputation in only 3 years as a leading awards show in the industry. This edition has a number of unique features: entrants must have a strong Malta connection, all proceeds go to charity and the Awards are held during Malta Gaming Week.

With all the awards that Wazdan has been scooping up this year, the demand for Wazdan games is growing, and so is the passionate brand’s portfolio. Many of Wazdan’s games are powered by their innovative suite of Unique Wazdan Features, that include the world’s first Volatility Levels™, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature, providing operators with the ability to enhance customer experience and engagement, improve retention, encourage extended play and produce higher yield.

Wazdan has announced extensive partnerships on the back of this winning formula with industry leaders such as the Betsson Group, EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbet, Groove Gaming, Globalplay, Tipbet, iGP, Rabbit Entertainment, SoftGamings, Go Wild Gaming, Relax Gaming, Gaming1, Twelve40, Progressplay, 888win.bet and Bethard, amongst others.

Head of Sales at Wazdan Andrzej Hyla says: “We are thrilled to be shortlisted for the Malta Gaming Awards. What’s clear from all these nominations and shortlistings is that Wazdan is managing to disrupt the slots sector through a highly innovative approach. Wazdan hasn’t just developed world-class content, we have a collection of technologies that enable us to optimise the delivery of slots to our partners that deepen player engagement. In an increasingly competitive industry, this makes a substantial difference.”

For further information visit www.wazdan.com

Source: Latest News at European Gaming Media

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