The new year is finally here and there is a lot that we have going on in the online gaming industry. Already, there are tons of predictions about what we can expect from the sector this year and we are here to break down some of the ones that we believe truly have a chance. The most innovative minds in technology and the gaming industry came together to create an entertainment platform that is constantly evolving and improving in one way or the other through thanks to creative ideas and incredible software advancements. That said, 2019 is also expected to… Read More
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Playtech Earnings to Take a Hit Due to Tax Hikes in Italy
2018 has been a rather torrid year for renowned gambling firm, Playtech (PTEC) and it looks like 2019 might turn out to be an even worse period for the company. This news comes in the wake of a recent announcement by the company where they revealed that a hefty impact on their 2019 profits thanks to new gambling tax hikes in Italy. The company said that it expects its 2019 adjusted EBITDA to fall by about $22.7 million after the Italian Senate passed the government’s 2019 budget which includes legislation to increase taxes on various types of gambling activities. The… Read More
Swedish Gambling Authority Issues More Gaming Licenses
Lotteriinspektionen, Sweden’s gambling authority has awarded five more gambling operators licenses to operate in the country’s regulated gambling market. This is perhaps part of the country’s preparation as it comes closes to launch of its much-awaited liberalized online gambling market – the laws pertaining to this development are expected to be implemented in less than a month. As it stands, the total number of licenses that have been issued by the gambling authority is 31 which is pretty impressive especially considering the fact that the newly liberalized gambling market is expected to go live by January 1. A few other… Read More
Twitch Users Blow the Whistle on Illegal Casino Operators
Twitch needs no introduction especially if you are familiar with the world of video games and esports where the streaming service is king. However, as the streaming platform continues to grow, some users have been using it for activities that are rather controversial – that is, a few users now use the service to stream content of themselves and others playing online casino games like poker and slots. This has been said to be a very risky thing, especially for the casino operators. Why Twitch? The streaming service has been around since 2011 but it was not until 2014 when… Read More