Win a Share of £2,000 and up to 80 Free Games at 32Red

Win a Share of £2,000 and up to 80 Free Games at 32Red

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German Report Shows Decline in Problem Gambling

German Report Shows Decline in Problem Gambling

Germany's programs designed to detect problem gamblers seem to be working

The number of problem gamblers in Germany is steadily declining.

Encouraging news are coming from Germany, where the latest research shows a decline in a number of problem gambling issues.

The numbers were released last week, as a part of a thorough Drug and Addiction Report 2017 that saw some 11,500 people give their answers to carefully selected questions.

Excellent Numbers

A total of 11,500 participants took part in the survey, while 37.3% of them indicated participation in one or more forms of gambling during the period of twelve months prior to the survey.

This number indicates a 2.9% decline when compared to the results of the 2013 report when 40.2% of the respondents made the same answers. If we compare these figures to a similar survey conducted in 2007, we’ll see a staggering decline of 55%.

The respondents were asked a series of questions in order to access if they met the qualification as problem gamblers. The further analysis of the study grouped the respondents into identified gamblers those with severe gambling problems.

The recent numbers show a decline in both these categories when compared to 2013, which also represents the spine in problem gambling. This statistical trend in Germany is completely different compared to another large European gambling market – the United Kingdom, where problem gambling is on a slight rise.

Comparison to the UK

The United Kingdom is very important when estimating this kind of data, since along with Germany represents the two leading European economies, at least in terms of volume.

In addition to this, the UK is the culture where gambling is not as frowned upon as in some other parts of the Continent, while publicly admitting to personal problems and issues could be more stigmatizing.

To summarize, a jump in problem gambling rates in the UK might be a good thing, since it indicates the system is protecting vulnerable people from gambling. Admitting is often the first step towards the recovery.

In Germany, the early programs detecting problem gamblers seem to be very efficient. Bear in mind this doesn’t mean such measures aren’t efficient in the UK, but simply the target population is on the rise.

Let’s face it: identifying problem gamblers is a challenging process, which differs from country to country.

Why Do Some Casinos Not Offer Multi-Currency Options?

Why Do Some Casinos Not Offer Multi-Currency Options?

When you do fancy playing at an online casino you will of course need to find one that will offer you the type of banking option you prefer using, but also one that will allow you to register your account and give you the option of using your own home currency as the one in use on your account.

Sadly, not all casino sites are going to allow you to do that! For there are still casino sites online that force you to use their chosen currency setting, which means for example if you live in Europe or the UK, Canada or Australia you may be forced to have to deposit, play and withdraw your winnings in US Dollars.

That means that every single time you make a deposit into a casino or a make withdrawal from your casino account you will then also be paying currency exchange rate fees that can and do quickly add up.

In this day and age there should be no reason why you are required to sign up to a casino that only offers one currency option, but for reasons unknown that is all that some casino sites will be offering you. As such stick to playing at those casinos that will allow you to sign up and then select your home currency to save you a small fortune on those pesky exchange rate fees!

Progressive Jackpot Currency Settings

When you choose to play progressive jackpot awarding slots and other casino games that award one or more progressive jackpots at a Microgaming powered casino site, you will find that the jackpots are displayed on the jackpot meter in the currency setting you have set your casino account at.

However, the base currency in use on those games are GBP, and as such what will happen if a player wins that jackpot in any other currency the jackpot will reset to its standard seed value.

But the difference between the currency that player won the jackpot in and GBP is then added back into the jackpot pool as soon as it has been won in another currency.

That is often he reason why you may see the jackpot suddenly drop in value on some progressive games at a Microgaming powered site, but do not seem to drop down to their standard reset seed values!

Can I Play in Another Currency?

If you do enjoy playing casino games online but you find that the minimum stake level for certain games are set slightly higher than you can easily afford then it may be worth your while seeing if you are going to be allowed to sign up and use a different currency that your own.

I am aware that many UK based players for example do not want to set their casino accounts to use GBP for by them choosing another currency they will then be using lower valued chips and coins when playing different games.

For example if a UK player sets their casino account to use for example US Dollars instead of GBP, then each time they make for example a £100 deposit but have their account set at US Dollars they get $ 130 in credits based on the currency Forex rate.

That difference in the currency exchange rate means that the value of their playing chips and coins will be lower when using USD and as such they will be able to play certain games for a slightly lower amount that the game permits when using GBP.

Just make sure that if that is something you want to do you are given permission to do so by the casino, as some casino sites that do offer multi-currency options will only allow players to sign up in the currency used in their country of residence!


So the next time you do fancy sign up to any online casino sites do make sure that the ones you pick will allow you to sign up and set your casino account currency to the one you wish to use.

If you are forced to deposit in any other currency then it can really be an expensive thing to continually have to do over the long term, and those fees and charges for turning your currency into another one will add up very quickly indeed!

If you do want to try and get additional playing value when playing at any online casino sites then one of the best ways you can do just that is to carefully pick but just which casino bonuses to claim.

The best valued ones are always going to be the deposit match bonuses for if you select a high valued deposit match bonus the casino site will then add a much larger number of bonus credits to your account that if you just use a small valued one!

Forbes List Adelson & Wynn Among Greatest Business Minds

Forbes List Adelson & Wynn Among Greatest Business Minds

Forbes celebrated its 100th anniversary on September 19 by releasing a special edition featuring the ‘World’s 100 Greatest Living Business Minds’ and included insights, stories, tips and strategies that will be useful for the next 100 years.

There were a number of iconic names included amongst the top 100 business minds.

Some of them included President Donald Trump, Oprah Winfrey, Sir Richard Branson, Bill Gates, Warren Buffet, Paul McCartney and Mark Zuckerberg.

Also featured on the list were casino tycoons Sheldon Adelson and Steve Wynn. The 84 year old Adelson is the chairman of the Las Vegas Sands Corp – the biggest casino company in terms of revenue while 75 year old Steve Wynn is the chairman of Wynn Resorts – a company that has built iconic casino resorts in Las Vegas and Macau. Both these gaming tycoons also featured on the 2017 Forbes list of billionaires which was published earlier this year.

Las Vegas Sands Corp owns some of the most well known casinos in the world including the Palazzo Las Vegas, the Venetian Las Vegas, Marina Bay Sands in Singapore, Parisian Macau and Sands Macau. Some of the properties owned by Wynn Resorts include Wynn Las Vegas, Encore at Wynn Las Vegas, Wynn Palace in Cotai and the newly opened Wynn National Harbor casino in Everett, Massachusetts

Adelson and Wynn shared insights into how they built their gaming empire and some of the strategies that they continue to use in day to day operations that has helped to establish their respective companies as the best in the business.

In a statement, Adelson said

When I was 16, I bought a bunch of vending machines. At the time, they were set up inside factories, which meant people only bought snacks during the 40-hour workweek. So I moved the machines into gas stations, where cab drivers were lining up 24 hours a day, seven days a week. Money came rolling in.

Adelson said he took the same business model and implemented it when he built casinos in Las Vegas and it turned out to be hugely successful. Since China had over a billion people, he realized it would be great business sense to build something similar to the Las Vegas Strip and that’s what the Sands Corp ended up doing in Macau.

Wynn states that one of the reasons why his casino resorts have been successful is because they have continuously focused on building self-esteem amongst their employees and that has paid off in outstanding customer service.

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Spain Increasing Its Betting Markets

Spain Increasing Its Betting Markets

Latest developments in Spain's gaming market

Spain invite gaming operators to apply for new licenses.

Spanish regulators have decided to open up a new tender window for new online licensees, which will effectively expand the country’s current gambling market.

National gambling authority, the Dirección General de Ordenación del Juego (DGOJ), said in a statement that accepting new applicants interested in entering the Spanish market would soon commence.

The tender hasn’t been officially published yet, but according to available information, it will open a one year period for interested parties to submit their applications. This window will give more time to operators, since the previous tender, published in October 2015, gave them only a month to prepare and file their applications.

According to the DGOJ, all operators will be informed on the status of their application within six months of their filing.

Third Time the Charm

This will be the third time the DGOJ is inviting operators to enter the Spanish online gambling market. The first tender was opened back in 2012, while the previous one, published almost two years ago, ended with 10 new operators receiving their licenses.

The DGOJ stated the latest move represented an answer to recent expressions of interest from several international operators. How many of them will apply for the Spanish license is still not known at the moment, and neither is their identity.

The Spanish online gambling market is slowly but surely establishing its position among its European counterparts. The market itself had a rough start with sports betting and poker. However, the addition of online casino vertical to the country’s regulated gambling offer resulted in the increase in revenue. The most recent quarterly report revealed Spain had grossed €248 million – 3% more money than in the corresponding period of 2016.

Spain’s market has been making excellent results lately. During the second quarter of this year, online casino has further strengthened its positions, while a slight decline in sports betting gross gaming revenue was attributed to the end of the football season in national and continental competitions.

Overall, the online casino and betting industry is showing a stable evolution and a solid growth rate.

BGO North american is going on You Uae

BGO North american is going on You Uae

All of you who are dreaming about visiting the fantastic F1 event in Abu Dhabi this year better head down to Bgo Vegas Casino, because the Boss decided to treat one of his loyal customers with an amazing five-day holiday in the Las Vegas of the Middle East.

Contestants from all over the world are coming to join the Race to Abu Dhabi, which started on 18th September and will last until 15th October. So, there is more than enough time for all of you to join the action. Simply opt in and collect one entry ticket for the prize draw for every £50 wagered. Ten gamers will get ten fabulous prizes in the final draw, with the first prize being the F1 Hero Package for Two!

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Atlantic City Casinos Enjoy Strong Results in August

Atlantic City Casinos Enjoy Strong Results in August

More good results for Atlantic City casinos in August.

Last Wednesday, the New Jersey Division of Gaming Enforcement revealed its monthly results, revealing the Garden State has recorded a minor year-on-year decrease in revenue.

However, all seven casinos currently operating in Atlantic City managed to end August on the positive note.

Numbers Tell Everything

The overall casino win during the month of August reached $ 223.6 million, dropping 2.7% when compared to the amount of $ 229.8 million generated a year ago. On the other hand, internet gaming recorded a substantial increase of 32.4% to $ 21.3 million.

When combined, we have a minor fall of 0.4% in the state’s total gaming win in August, which stand at $ 244.8 million.

In spite of the recent drop, the year-to-date casino win is still up when compared to the same period of 2016. $ 1.640 billion is a slightly better result than last year’s $ 1.639 billion, while the contribution the internet gaming made to the total gaming win was 27.3% bigger, resulting in a 2% increase for the current year.

Casinos on the Rise

Atlantic City Casinos had a good month, with a total year-on-year increase of around 5.5%. The numbers include only the current AC operators, all seven of them, which means the results of Trump Taj Mahal – closed back in October 2016 – were omitted from the whole sum.

Borgata is still the city’s highest grossing casino with a total gaming win of $ 74.4 million, 7.8% more than in the same period of 2016. The Tropicana is second placed with $ 37.5 million, a neat jump of 13.5% when compared to the last year, with the Resorts also going up by 6.5% to $ 3.5 million.

The only two casinos to record a decrease during August were Harrah’s and Caesars, with 3.9% and 0.6% respectively.

David Rebuck, director of the New Jersey governmental agency said the recent figures showed the positive online gaming numbers were encouraging the further stabilization of the Atlantic City casino market.

The Chief Executive Officer of the New Jersey Casino Control Commission, Matthew B. Levinson added August had seen the rise not only of the business in Atlantic City facilities, but also online, and expressed his satisfaction with the results achieved in the World’s Famous Playground.

Genting Malaysia Revenue Forecasts Cut After Theme Park Delay

Genting Malaysia Revenue Forecasts Cut After Theme Park Delay

Analysts have slashed their revenue predictions for casino operator Genting Malaysia after it announced that there would be a delay in the opening of its much-anticipated theme park which is being developed at its flagship Resorts World Genting in Malaysia.

The 20th Century Fox World Malaysia, a Hollywood-themed amusement facility is now expected to open in the second half of 2018 instead of the second quarter as announced earlier. Brokerage firm Affin Hwang Investment Bank Bhd, said that the delay in opening of the theme park is likely to affect overall revenues and consequently slashed the revenue projection of the group for 2018 and 2019.

The analysts are however hopeful of strong topline growth on the back of the host of new amenities that have been opened as a part of a major upgradation project. The range of new facilities include a new mass gaming area, shopping and dining facilities as well as a high speed cable car system.

The Edge TV

In a statement Ng Chi Hoong analyst with Affin Hwang said

New facilities have the ability to drive higher visitation growth. This is well reflected post the opening of the Genting Premium Outlet in second quarter 2017, whereby visitation growth [that quarter] is up 8 percent year-on- year, relative to the 3 percent decline in first quarter 2017

Genting Premium Outlet is a shopping facility at Resorts World Genting featuring exclusive retail brands. Japanese brokerage Nomura has similarly stated that the new facilities were having an impact pointing out that revenue was up 7 percent on a quarter-on- quarter basis for the Malaysian unit.

Analysts with the firm have further predicted a revenue upswing, when a new VIP gaming area opens in September and a hotel with 500 rooms opens by the end of the year. However analysts have also raised concerns that the operating costs particularly utilities and payroll were harming profitability with the unit’s adjusted EBITDA [earnings before interest, taxation, depreciation and amortization] going down by 5 percent to around 30 percent.

Net profit for Genting Malaysia was down by almost 60 percent year-on-year in the second quarter of 2017. The major makeover of facilities is being carried out under the RM10 billion Genting Integrated Tourism Plan (GITP) which seeks to overhaul and expand the casino’s facilities and amenities in a major way over a 10 year period. Genting Malaysia also operates Resorts World Bimini – Bahamas and Resorts World Casino New York City.

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888 Holdings Revenue Goes Up by 9% in the First Half of 2017

888 Holdings Revenue Goes Up by 9% in the First Half of 2017

888 Holdings enjoy good results in H1 2017

888 Holdings reveal strong results in the first half of the year.

Gibraltar-based online gaming company 888 Holdings, has announced its semi-annual results, which reveal a year-on-year increase of 9%.

The company, which owns and operates a number of casino, poker, sport and bingo brands, recorded revenue of $ 270.1 million, $ 8.1 million more when compared to the first six months of the last year.

Strong Core Vertical

The biggest year-on-year growth of 11% and 45% was recorded in the company’s casino and sports betting divisions, while the poker division’s results were far lower, albeit still up. However, a year-on-year increase of only 1% wasn’t as expected.

Holdings’ consumer facing operations went up by 11%, while business to business offering recorded a drop of 6% to $ 27.5 million.

The company’s adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) during the first half of this year was $ 47.6 million, which is 8% more than during the same period of 2016.

The adjusted profits before tax recorded an improvement of around 12%. $ 37.6 million in the first six months is just under $ 4 million more than 888 Holding recorded last year. On the other hand, loss before tax was $ 17.3 million, a significant drop from the 2016 results when the company recorded profits of $ 27.8 million. According to reports, the main reason behind such dismal performance during this period were exceptional charges of $ 50.8 million.

These results were published only a week after 888 Holdings was fined by the United Kingdom Gambling Commission (UKGC). After the investigation reveal significant oversight in the company’s treatment of problem gambling, UKGC issued a £7.8 million fine.

Building on Momentum

Itai Frieberger, 888’s Chief Executive Officer, said the company had delivered further revenue growth and operational progress in H1 2017, resulting in a 9% increase in revenue.

He added such a pleasing outcome had been driven by continued growth in 888’s core Casino division, strong momentum in the fast-growing 888Sport and a good performance in Poker division.

Frieberger stated the company’s Board remained confident that 888 would achieve further progress and deliver its expectations for the full year.

Philippines to actually Initiate Privatization Of Pagcor Betting houses in 2018

Philippines to actually Initiate Privatization Of Pagcor Betting houses in 2018

Carlos G. Dominguez III, the Philippine Finance Secretary has indicated that the government is likely to begin the disposal of 17 casinos being currently operated by the country’s gaming regulator. The sale of these casinos is expected to commence during mid-2018.

Philippine Amusement and Gaming Corp (Pagcor), the gaming regulator has a relatively large portfolio of nearly 50 gaming properties. Pagcor also operates its own casinos under the Casino Filipino brand which is spread across 13 locations in the country and also runs around 35 smaller satellite facilities.

The Philippine Department of Finance decided last year to privatize Pagcor owned casinos stating that the regulatory body should focus on its supervisory responsibilities. Private operators had also raised concerns of a potential conflict of interest arising from the dual role played by Pagcor.

The government has made the decision to sell all Pagcor owned casinos. Dominguez said that the process will take a considerable amount of time and stated that when it came down to the selling process, the properties that are fully owned by the regulator would be the first ones to go on the block.

In a statement, Dominguez said

Those casinos being operated directly by Pagcor should be privatised first. It’s not going to happen overnight and the deals are quite complex so we have to piece it out and see what is the best deal for the government

A detailed analysis will be carried out by the government and will include studying how much Pagcor casinos earn based on the total revenue that comes from winnings versus the revenues from licensing fees. Dominguez stated that the first focus will be on the valuation of the properties. He noted that the assessments would be done separately since each casino was different. He expects the process to conclude by the end of 2017.

Pagcor is one of the top earning state-owned companies. It recorded gross gaming revenues of $ 275 million in 2016, with nearly 50 percent of it being shared with the Treasury. However it is failing to keep up with the private casinos operating in the country. Latest results show that the three operational integrated casino resorts in Entertainment City – Solaire Resort and Casino, City of Dreams Manila and Okada Manila currently account for more than half of the entire casino revenue generated in the Philippines. A fourth casino coming up in the dedicated zone Westside City Resorts World is likely to open in 2021.

Dominguez pointed out that it is hard for the government to compete with large scale private casinos and said that Pagcor casinos could very well lose customers to private operators in the coming years. Thus the move to privatize Pagcor casinos is being done at the correct time.

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