Online Gambling

Your Weekly Best New Slots | Week 7 / February 15 – 21, 2021

February 22, 2024 William Mcmaster

New Slots To Be Released on Week 7 of 2021

We’re back to present five new slots that stand out from those scheduled for release this week 7 of 2021. The slots on our selection this week exude a certain level of classiness in them one way or the other. So, we’re curious how they will fare to slot enthusiasts like you.

The Paying Piano Club and Joker King share a jazzed-up jazzy-theme. Both slots also offer free spins that can be retriggered, among other things. Trillionaire boasts of a Fashion Wheel that awards win multipliers and Mega wins. Take Olympus serves a unique gaming experience with five deities gracing the game and giving different rewards. Last on the list is Sherlock Bones with its sticky wild and Rolling Reels feature.

5 New Slots To Check Out

Our selection of new slots this week 7 of 2021 come from developers Play’n GO, Pragmatic Play, Red Tiger, BetSoft, and Electric Elephant. Let’s see which among these new slots this week will catch your interest.

The Paying Piano Club

The new addition to Play’n GO’s slots portfolio this week 7 of 2021 revisits the Roaring Twenties. In particular, this developer showcases the music scene of the said era in The Paying Piano Club. Its 3×3 reels with 5 paylines sit on top of a piano displaying pay symbols fitting to the theme. Golden staff hugs the low-paying yet classy-looking J to A royals while musical instruments make up the premiums.

The wild symbol can land anywhere to substitute for symbols and holds a value of its own too. It pays 20x the stake for three of a kind, and it can also appear stacked. When stacked wild is present during a winning spin, a win multiplier is applied to your winning amount. Win multiplier values are x2, x3, x5, and x10.

The win multipliers still come into play during the bonus game. To trigger this feature, you need at least three scatter symbols to appear. These scatters will award you 5 free spins. Watch out for gold coin symbols during this round as they increase the win multiplier and free spins by one. What’s amazing is there is no limit to the free spins or win multiplier increase you can have. As long as the gold coin lands, the bonus round won’t end, and the win multiplier will keep on increasing.

Number of Paylines: 5	RTP: 96.26% (Default)
Min Bet: 0.05	Max Bet: 100
Max Payout: 5,000x	Software Provider: Play’n GO

Joker King

Pragmatic Play explores a familiar ground this week and presents Joker King. Visuals look all upbeat with the 25-payline 6×4 grid framed in gold atop a golden platform. The stylish purple background adds a classy vibe. Furthermore, the tub of gold peeking on top of the grid seems to promise riches. Joker all smiles on the side also offers you a hand full of gold.

Classic slots symbols grace the paytable, giving 1x to 5x the stake for six of a kind. Wild can land anywhere and also pays 5x the stake for six of a kind. When wild appears, a special symbol is selected at random. Joker then turns all instances of this special symbol into wilds, thus increasing the possibility of forming winning combinations.

Like the wild symbol, the scatter can land anywhere and carries a 2x, 3x, 5x, 10x, or 25x random win multiplier. When 3, 4, 5, or 6 scatters land, you’ll get 8, 10, 15, or 20 free spins, respectively. The wild symbol is guaranteed to appear on each free spin during free spins carrying its special symbol replacement ability. Free spins can also be retriggered for unlimited times. With the scatter multipliers and the wild special feature, you can end up winning the 5,000x max payout.

Number of Paylines: 25	RTP: 96.50% (Default)
Min Bet: 0.25	Max Bet: 125
Max Payout: 5,000x	Software Provider: Pragmatic Play

Trillionaire

Red Tiger went all the way in coming up with a glamorous slot this week. Trillionaire sure did capture the glitz and glamor of the FashionTV channel. Sparkling gold serves as a backdrop of the golden frame that houses the 20-payline, 5×4 grid. Multifaceted diamonds cut in card faces make up the low-pay symbols, and supermodels represent the premiums.

The supermodels are towering at 1×4 in size, which can land partially or fully. When these supermodels land fully to cover the entire reel, they turn to a wild. A full-screen wild awards 200x the stake. Helping to push the supermodels into full view is this game’s nudge feature.

The supermodels look stunning, but this slot’s stars are the free spins feature and the Fashion Wheel. At least 3 scatter symbols trigger the free spin feature by awarding 8 free spins. Before this bonus round begins, you need to pick one of the supermodels. If the supermodel of your choice lands partially during free spins, it will always be nudged into full view.

As for the Fashion Wheel, you need the wheel symbols to land on reels 1, 3, and 5 to trigger the Fashion Wheel. Its four concentric circles carry the following rewards:

First Circle – awards arrow to the second circle or 5x.
Second Circle – awards arrow to the third circle or bet multipliers of 10x or 30x.
Third Circle – awards arrow to the fourth circle or bet multipliers of 50x or 100x.
Fourth circle – awards the Mega Win of 1,000x.

Number of Paylines: 20	RTP: 95.76% (Default)
Min Bet: 0.10	Max Bet: 100
Max Payout: 1,000x	Software Provider: Red Tiger

Take Olympus

Poseidon, Hades, Aphrodite, Apollo, and Zeus grace one of the new slots this week 7 of 2021. Betsoft gives a different kind of class, putting five Greek mythology’s powerful deities in one slot this week.

Except for Zeus, each deity will randomly reign over Take Olympus’s 5×4 grid after every cycle or 10 spins. Furthermore, each of them will have special powers that increase your chances of collecting generous wins. You’ll reap the reward from each of the gods at the end of every cycle.

Apollo. All the places where Apollo or the bow and arrow symbol lands are marked. The marked spots transform into wilds at the end of Apollo’s cycle. These wilds then substitute for other symbols except for the Zeus symbol.

Aphrodite. All spots where Aphrodite or leaf symbol appears are marked. At the end of Aphrodite’s cycle, the marked positions and the spaces between them turn to mystery boxes. These boxes will then transform into one similar symbol.

Hades. At the start of Hades’s cycle, a x1 multiplier gets activated. Each time the Hades or Cerberus symbol lands, the multiplier increases by one. The total of multiplier will be applied on the 10th spin.

Poseidon. The god of the sea’s cycle carries a counter with a value of 1 on the first spin. Every time the Poseidon or the trident symbol lands, the counter increases by one. At the end of the cycle, Poseidon will award free spins equivalent to the number on the counter.

The mighty Zeus doubles as the wild and a 1×4 tall symbol. As the wild, he can substitute for all other symbols to help form winning combinations. As the 1×4 towering symbol, he awards free spins when any other deity is present when he lands on the reel. During free spins, he can take over the power of the four deities to help you win.

Number of Paylines: 50	RTP: 95.49%
Min Bet: 0.10	Max Bet: 40
Max Payout: 2,328x	Software Provider: Betsoft

Sherlock Bones

Intelligence is classy, and developer Electric Elephant knows that. As such, the studio presents a new slot created with Arthur Conan Doyle’s intelligent detective hero in mind. With Sherlock Holmes as inspiration, this developer came up with a canine and feline-friendly slot, Sherlock Bones.

A gloomy sky can be seen at the back of the 5-reel game area. To win, you need at least 3 matching symbols from left to right. You’ll have seven pay symbols that can appear stacked. Helping to form winning combinations is Sherlock Bones, which is the wild symbol. He also plays a role in activating the Rolling Respin feature.

When Sherlock lands, a horizontal row is added underneath the main reels, displaying either bones or empty spaces. A bone under a wild symbol causes the wild to turn sticky and expand downwards, triggering the Rolling Respin.

During the Rolling Respin feature, you’ll receive respins until you win. After every win, the sticky wilds move one position to the left, and an additional row will appear at the top of the grid. A maximum of 4 rows can be stacked on top of the main reel, increasing win ways up to the maximum of 16,807.

Number of Paylines: 243 to 16,807	RTP: 96.21%
Min Bet: 0.20	Max Bet: 100
Max Payout: N/A	Software Provider: Electric Elephant

Conclusion

If you play slots to relax, you will find our list of new slots this week 7 of 2021 worth trying out. Each of them offers outstanding visuals with straightforward, much simpler, and more laid-back gaming. They are perfect starting points for newbies to slot games.

Speaking of newbies, if you are one, we feel compelled to remind you to play games only on trustworthy casinos. You’ll enjoy the game more if you’re playing without worrying about security, safety, and fair play. If the list of new casinos this week isn’t enough, you can find more when you go over our blog page. We feature new slots every week, so you’ll never run out of choices.

Acies Merges with PlayStudios in $1.1 Billion Deal

February 22, 2024 William Mcmaster

Recently, award-winning mobile game developer, PlayStudios and Acies acquisition Corporation, a publicly-traded Special Purpose Acquisition Company (SPAC), announced a merger. This means PlayStudios, which was formerly a privately owned company, is now available in public markets. Also, SPACs are referred to as blank cheque companies in many cases.

They do not have goods or services of their own, but they have huge capital used to fund/acquire private companies. Private companies entering the public markets through SPACs became popular in 2020 when other popular gaming companies like DraftKings, Rush Street Interactive and Genius Sports Group went public through different SPACs.

Acies Acquisition Corp.

Acies Acquisition Corp, the acquiring SPAC, is headed by Chairman Jim Murren, the former chairman and CEO of MGM Resorts International. The corporation is traded on the NASDAQ as the ACAC, a Class A ordinary share. In October 2020, Acies SEC filing revealed that it was seeking an initial public offering of $200 million.

In the SEC filing, Acies stated that it was “focused on identifying a business combination target within the live, location-based and mobile experiential entertainment industries. Specific sectors that we will target span live events, family entertainment, casino gaming, destination hospitality, sports, sports betting and iGaming, and social and casual mobile games.”

PlayStudios

PlayStudios, the target company which meets these requirements, is headed by its Founder, Chairman, and Chief Executive Officer, Andrew Pascal. After the merger, Andrew Pascal will continue his role at the company and a key figure in Acies Acquisition Corp. Over the years, PlayStudios has developed a reputation as a developer of free-to-play games. It was described recently as “an award-winning developer of free-to-play casual games for mobile and social platforms that offer real-world rewards to loyal players” in a news release.

PlayStudios portfolio consists of top-ranked games with amazing designs. They have a large following due to numerous playAwards that loyal players get. The same news release stated that “over 80 partners and 275 entertainment, retail, travel, leisure, and gaming brands,” contribute to the rewards that players get. Over 10 million rewards with a retail value of about $500 million have been purchased by users using their loyalty points. The app was awarded as a Top Developer by App Annie, the gaming industry’s best in-app analytics and app performance data.

In a public statement by Andrew Pascal, “From our inception, we set out to create wonderfully compelling games that were free-to-play and offered real-world rewards. We’ve now demonstrated the positive, long-term impact of this value proposition with our current portfolio of apps, and we’re poised to carry that success into new products and new game genres. Becoming a public company and securing the resources and support of key institutional investors will enable us to accelerate our growth as we launch new products, pursue new acquisition opportunities, and scale up our unique PLAYAWARDS loyalty program.”

Acies Chairman, Jim Murren said, “Within today’s vast and growing games market, PLAYSTUDIOS is unique in offering their audience the opportunity to play for fun and earn for real. They know how to make engaging and enduring games and stand apart in having harnessed the power of a robust and full-featured loyalty program. “

He went on to lay out plans for the company’s future; “the focus is now to take the PLAYSTUDIOS platform and super-charge its growth. We have abundant initiatives, including targeted, strategic acquisitions; an expansion of the rewards program into new categories such as sports entertainment; and the exploration of opening the PLAYAWARDS platform under a loyalty-as-a-service model. We look forward to leveraging Acies’ M&A knowledge and broad relationships for the benefit of PLAYSTUDIOS and its shareholders.”

Valuation

The SPAC transaction, supported by Jim Murren’s former employer, values PlayStudios at $1.1 billion; that is 2.5x projected 2022 revenue of $435 million or 12.3x projected 2022 pro forma Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization EBITDA of $90 million. Therefore, PlayStudios will have ACAC stock worth 89.1 million shares and up to $150 million in cash.

PlayStudios and Acies are backed by institutional investors’ funds and accounts managed by BlackRock, ClearBridge Investments, Neuberger Berman Funds, and MGM Resorts International. These investors are top participants in the $250 million private investment in public equity (PIPE) financing round at $10 per Acies share towards the transaction closing.

A statement regarding the transaction stated that, After giving effect to the transaction, the company is expected to have approximately $290 million of cash and a public equity currency to accelerate PLAYSTUDIOS’ growth initiatives, including substantially expanding product development and acquisitions of other gaming and related companies.

Upon the closing of the transaction, and assuming none of Acies public stockholders elect to redeem their shares, existing PLAYSTUDIOS shareholders are expected to own 64%, the Acies sponsors 3%, PIPE participants 18%, and public stockholders 15%; all of the combined company.”

At the end of the transaction, the combined company will be named PLAYSTUDIOS and listed on NASDAQ under the new ticker symbol “MYPS.” The board of directors of the concerned parties has approved the transaction, and it is expected to be finalized at the end of the second quarter. Also, the stockholders at Acies will have to approve the transaction, and other closing conditions could affect the transaction.

More SPAC Mergers

The transaction between Acies and PlayStudios is not the only ongoing merger; other keepers are in the works. Announced around the same period is the merger between Tilman Fertitta’s Fertitta Entertainment confirmed and FAST Acquisition (traded on the NYSE as FST), with the operator of five Golden Nugget casinos and the Landry’s restaurant consortium valued at $6.6 billion. Also, this merger is expected to close at the end of the second quarter.

Conclusion

This is exciting news for the industry, with PlayStudios taking the lead as the first mobile game company offering real-life rewards to go public. This will pave way for more mergers and acquisitions, and overall growth for the casino industry, as well as its individual players.

UK Gambling Commission Introduces New Restrictions For Online Casinos

February 22, 2024 William Mcmaster

Slot games form the bulk of casinos, both online and physical. They form about 70% of the total online casino games. Slots are the cash cow of casinos as most British players play them a lot. In 2019, Britons spent £2.2 billion on online slot games. In many states in the United States, casinos make between 65% and 80% of their revenue from slots.

The UKGC has been working on making sure the gambling environment is safe for both casino operators and players. They have been enacting new rules to ensure this happens and also creating new bodies. One of such bodies is the Betting and Gaming Council (BGC), whose contribution is evident in these restrictions.

Why Slots?

As mentioned earlier, slots are a major source of revenue in the casino industry. There has been an increase in online gambling total revenue, from £2.36 billion in 2016 to £3.18 billion in 2020. 70% of this increase is attributed to slot games. Data from the UKGC shows that each slot player spends an average of £67 ($91) monthly on slot games. Meanwhile, a monthly average of £36 ($36) is spent on casino products and £45 ($61) for live betting.

Compared to other games, slot games have a higher addiction rate. In a survey carried out by the NHS in 2018, less than 4% of those who bet online are addicts, and 5.7% of those who bet in physical casinos are addicts. For those who bet on online slots, casino, and bingo games, 8.5% are addicts. Also, the UKGC mentioned that slot games of all online gaming products have the highest average losses per player.

image with the transformation of slots from the first old-timey machine to today

Restrictions

With the restrictions given by the UKGC, online casinos will have to do a complete overhaul on the slot machines to meet the UKGC’s requirements. The UKGC told online casinos to reduce the intensity of the slot machines and bettors’ misleading features to make gambling safer for players. According to the Commission’s statement, the rules are to strengthen the protections and controls for those who gamble through online slots games.

Casino operators have been ordered to slow down the time in between spins to at least 2.5 seconds. They are also required to remove the Autoplay option, allowing players to leave the game spinning for a specific number of spins. According to UKGC, these functions allow players to lose track of how much money they spend on the slot game.

Also, slot machines are expected to stop playing positive sounds when a player loses money. Positive sounds after a loss cause a phenomenon referred to as “losses disguised as wins” causing players to think that their loss is positive. This phenomenon thereby encourages them to put more money into the game.

Another rule concerns the slot features that give players the “ illusion of control” over slot games because, in actuality, players are playing against the random number generator. They also introduced a ban on “reverse withdrawals”, where players try to collect their winnings and then change their minds and put the wins back into their betting account. This control appears to all forms of online gambling not only online slot games.

Neil Arthur, chief executive of the Gambling Commission, said, “Evidence shows that reverse withdrawal functions present a risk to players because of the temptation to continue gambling. Operators are also required to show players total losses and wins and total time spent at an online slot session.

Also, the UKGC, in support of these restrictions, said, “Also, the slot features being removed or more closely controlled have been associated with increased intensity of play, loss of player control or binge play”. All these control measures will take effect on the 31st of October.

Response to the restrictions

Sports, Tourism, and Heritage Minister, Nigel Huddleston, said: “Today’s steps will help curb the intensity of online gambling, introducing greater protections that will reduce the risk of gambling-related harm. I welcome the Gambling Commission’s tough measures as we continue our comprehensive review of gambling laws to make sure they’re fit for the digital age”. The chief executive of the Betting and Gaming Council (BGC), Michael Dugher, said they are determined to drive change and promote safer gambling.

He also said, “That’s why we welcome the Gambling Commission’s announcement, which builds on the BGC’s new code of conduct from last September for the design of online games in a bid to improve player safety further. BGC members have already introduced measures, including the slowing down of spin speeds and banning several gaming features, which have caused concern. Among the major commitments we have already introduced, are minimum game cycle speeds of 2.5 seconds, the ending of turbo play, which allows players to speed up games, and the scrapping of multi-slot play, where a player can place multiple stakes on different games at the same time.”

Effects of Restrictions

The recent restrictions have not affected the gambling stocks’ value since the announcement of the new restrictions. This means that investors do not think the new restrictions will have any effect on the revenue generated.

UKGC Restructuring

With the on-going restructuring in the United Kingdom Gambling Commission, new rules and regulations are enacted to accommodate the online gambling industry’s growth. Recently, the UKGC has been accused of lacking the capacity to handle the rapid growth of the online gambling industry. Many are suggesting that the UKGC is funded poorly to control a $15 billion industry.

However, the UKGC has been showing that it is up to the task despite these claims. It has been releasing new regulations to ensure that both the casinos and players are well catered for. In 2019, the UKGC enforced a £2 betting limit on fixed-odds betting terminals. It added new verification rules to protect minors and vulnerable people from gambling and prevent fraud and money laundering in the same year.

In 2020, they banned the use of credit cards to place bets to reduce the rate of problem gambling. Other new regulations include the ban on under 18s from playing the National Lottery, which will also take effect from October 2021. These new regulations are aimed at controlling the addictive nature of casino games giving players the chance to make clear-headed gambling decisions.

Conclusion

The new restrictions from the United Kingdom Gambling Commission clearly demonstrate its commitment to responsible gaming and customer protection. The measures are well thought out and will improve fairness in online casino gaming. Judging by the market’s response to these new restrictions, they aren’t likely to have any adverse effects on the industry’s profitability.

The Kahnawake Gaming Commission – Who Are They and What Do They Do?

February 22, 2024 William Mcmaster

Kahnawake Gaming Commission is the governing body for physical and online casinos located in the Kahnawake Mohawk Territory in southern Quebec. Kahnawake Mohawk Territory is a First Nations Reserve that is autonomous; they have their laws and regulations for different issues. They have regulations regarding company laws, corporate operations, taxation, and licensing.

The Kahnawake Gaming Commission issues licenses to casinos in this region and also monitors these licenses. They have licensed about fifty casino operators running roughly 250 online casinos.

Kahnawake Gaming Commission was established in 1996 and three years after, they passed laws concerning online gambling. This makes them one of the oldest online gaming legislators worldwide. From the time of its establishment to the time it enacted online gaming laws, Kahnawake Gaming Commission worked on becoming an autonomous entity in Canada. They spent this time outlining the political and legal structure of the Mohawk Territory, therefore, obtaining the legal right to license casinos.

Kahnawake Gaming Commission Regulations

Following its regulation of online sites, the “Regulations concerning Interactive Gaming”, casino operators seeking licenses have to host their gaming site at the Mohawk Internet Technologies data center. The data center is managed by Continent 8 Technologies which works specifically for hosting eGaming platforms.

The Regulations concerning Interactive Gaming gives some key principles by which Kahnawake Gaming Commission casinos should operate under the Kahnawake gambling law. Some of these principles are:

Online gambling based in, from, or within the Mohawk Territory of Kahnawake is regulated and controlled based on the law.
Ensure that online gambling activities carried out under this license are fair, honest, and responsible.
To ensure that online gambling from the jurisdiction of Kahnawake is not associated with criminality and crime.
To ensure that players playing in casinos with the Kahnawake license are treated fairly. They ensure that players’ information and activities at the online casinos are kept confidential.
They protect minors (persons under 18 years) and other vulnerable persons from the dangers of online gambling

Kahnawake Gaming Commission casinos are checked from time to time to confirm fairness, transparency, and excellent customer service. Kahnawake gaming commission complaints are thoroughly investigated and recorded. The commission takes action in cases where a player claims to have been wronged. For instance, when a player is not paid his/her winnings, when a player’s account is suddenly closed, or when players complain about the fairness of games in the casino.

Operators with a Kahnawake casino license are expected to be open to these investigations. This gives both the casino operator and the player peace of mind.

Kahnawake Gaming Commission Licenses

The commission gives four types of licenses to casino operators, they are:

Interactive Gaming Licences
Client Provider Authorisation
Inter-Jurisdictional Authorisation
Key Person Permit

Responsible Gaming

Like we mentioned earlier, Kahnawake Gaming Commission cares for players in its jurisdiction hence the provision of a self-exclusion list. There is a detailed self-exclusion request form that players who need help with their gambling habits can fill to get the care they need. Players can request a 1- year, 5- year, or lifetime ban on gambling. This form is only functional in Kahnawake Gaming Commission casinos. This is something you will not find with most casino licensing bodies.

Approved Agents

Kahnawake Gaming Commission works with third-party organizations called the ‘Approved Agents’ to aid them. The approved agents are auditors and consultants who give professional assistance in licensing and controlling online casinos. The four third party organizations listed on the website are

eCOGRA
Gaming Associates
iTech Labs
Technical Systems Testing (TST)

These four organizations work in different capacities to ensure one end goal: that the casinos licensed by the Commission are fair, safe, and trustworthy. TST ensures that casino sites are not hacked by identity thieves, eCOGRA publishes the RTPs of the casinos monthly, iTech tests and certifies online gaming systems and games, and Gaming Associates also certifies online gaming systems.

Conclusion

Kahnawake Gaming Commission, one of the earliest online licensing organizations has proved itself trustworthy. They have provided a great interactive environment for online casinos and players. Look out for their logo when signing up on a North American casino.

FIND A PLACE TO PLAY AT A CASINO WITH THIS LICENSE HERE!

The First Two Weeks of Legal Online Gambling in Michigan

February 22, 2024 William Mcmaster

After decades of missing out on the opportunity to enjoy a good sporting event or online casino game and win money from it through online bets, residents of The Wolverine State can finally participate in online gambling activities.

The State of Michigan permitted the launch of legal online gambling within its borders at noon on Friday, 22nd January 2021. The timing of this development was perfect, especially for sports betting, because of the lineup for that weekend. For instance, NFL conference championship games were live and Michigan sports bettors got to watch and place wagers.

Some people have theorized that the license to operate given to some sport betting giants in the state was done in a bid to help the gambling industry recover faster from the impact of the COVID-19 pandemic. Whatever the reason is, online betting statistics within the first two weeks of this launch clearly show that Michigan is well on its way to becoming one of the foremost states in the US with thriving online gaming industry.

10 online casinos and sportsbooks were approved to launch that Friday by The Michigan Gaming Control Board (MGCB), which will now regulate their activities going forward. A new round of operators was added to these the following week. Seeing how things are going, it is only expected that we’ll see more online gambling operators trooping into the market.

Industry experts predicted that there would be an impressive response from gamblers across the state after the launch. Their projection was based on the residents’ attitudes to prior legal gambling activities in the state, the time of the launch of the casinos, and the anticipation that had built up over time. Many reports have come in about the gamblers’ activities so far in Michigan and they have shown that these predictions were right.

BetMGM’s CEO, Adam Greenblatt, confirmed that the platform’s launch in Michigan was their “strongest launch yet.” BetMGM Michigan reported that over 200,000 successful logins were recorded on their platform and more than 2 million spins were seen, all within the first seven hours of being launched in the state.

However, some customers complained of problems with the BetMGM app. A representative from the company affirmed that there were glitches at some point, but it was as a result of unusually high traffic. He said that the problem was rectified the same day.

Google Trends were analyzed by Michigan Sharp, a website dedicated to the online gambling space in Michigan. They discovered that the launch of online sports betting in the state generated more interest than any previously recorded launch within the past year.

Furthermore, GeoComply, a company that facilitates geolocation tracking for many online gaming operators also announced that over 7.5 million online gambling transactions were recorded in Virginia and Michigan. Virginia has only two online operators, compared to Michigan’s ten at the time of launch, hence, the location with the higher percentage is obvious.

Since virtually every bettor in the state of Michigan would be a first-timer, there was an avalanche of bonuses being claimed on all the platforms. Bettors who could not join the thousands that flooded the Michigan online casinos and sportsbook did so the following week. Many of the operators, having had the experience of the previous week could manage them better.

The Michigan Gaming Control Board has not released reports on the revenue generated so far, but they have corroborated reports of a large influx of players into the online gambling space since the Michigan online casino launch.

If you live in Michigan and are yet to jump on the wave of excitement sweeping through the Michigan online gaming world, you’re not too late. There are still loads of bonuses to be won and more than enough games and sports betting features to explore.

EXPLORE MICHIGAN CASINOS and SPORTSBOOKS HERE!

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PayPal Is Now Available To MoneyMatrix’s iGaming Clients in 15 European Countries

February 22, 2024 William Mcmaster

PayPal is one of the world’s most popular payment solutions for various industries, including the online gambling industry. iGaming clients in 14 European countries can now access the payment platform for deposits and withdrawals. This is possible due to a recent partnership between PayPal and MoneyMatrix, a global payment processing gateway by EveryMatrix.

The monetary exchange has been at the heart of all gambling activities for centuries now. Since many of these gambling activities today are done on the internet, secure and efficient payment solutions must be used. PayPal is already an established payment method used by online gamblers over the world for deposits and withdrawals.

For instance, there are a large number of safe PayPal casinos across the world. Also, the platform’s services are utilized by several online sportsbooks and poker rooms, simplifying the financial aspects of gambling. According to Samoil Dolejan, the CEO of MoneyMatrix, ‘PayPal is one of the most popular payment methods globally, so naturally, we are glad to make their solution available to our iGaming clients.’

Who is MoneyMatrix?

MoneyMatrix is an EU-licensed financial institution by EveryMatrix, based in St Julians, Malta. They specialize in helping merchants connect to local and international payment solutions, who are their trusted partners.

They also optimize these merchants’ payment processes by securing transactional data and providing KYC solutions, all through one integration. The platform’s partnership with PayPal is expected to further promote their mutual aim of simplifying payment solutions for gamblers across the world, including Europe.

PayPal Holdings Inc, an American company with headquarters in California, has been in operation for over two decades, serving as a payment processor to customers in almost every country of the world. They have successfully made several financial processes simpler for numerous industries, resulting from affordable and user-oriented activities.

The e-wallet platform, PayPal, allows users to send, store, and receive money from a wide range of platforms globally. Gambling sites users can make deposits and make withdrawals at a faster processing time and less risk of security compromise. Samoil Dolejan was recently appointed the CEO of MoneyMatrix, after spending four years working for EveryMatrix, their parent company.

He admitted that his years of experience taught him that both players and merchants are looking for the simplest payment methods. Thus, from the onset, he set out to increase the number of local and international payment options for MoneyMatrix. One of the results of this goal is what we now see in the platform’s collaboration with PayPal, whose most prominent feature is convenience and simplicity.

Which Countries Will Benefit?

“Players in 14 EU countries and the UK will now be able to select PayPal as their preferred payment method, which is highly convenient and an added benefit for operators using MoneyMatrix. There is no gambling without payments, and we are dedicated to helping our clients run their operations smoothly and effectively while giving them access to a vast portfolio of global and local payment methods,” Samoil also said.

The European countries where iGaming Clients can now add PayPal to their list of preferred payment methods for gamblers are Austria, Greece, Belgium, Sweden, Germany, Italy, Romania, Spain, Portugal, Denmark, Finland, France, Ireland, Poland, Spain, and the United Kingdom.

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