Latest Posts - Blog
It’s common knowledge today that blockchain technology provides a great method for two parties to transact with one another, and move funds with no participation of any third party. On the other hand, the beauty of it is that its program goes much beyond the transport of capital. Smart contracts for example provide for trust-less arrangements that are readily entered into and confirmed automatically, with no external affirmation.
Such flexibility provided by blockchain technology ensures that various interactions and activities involved with online gaming, for example, blackjack spins, dice rolls, etc., could all be coded in an automatic and incorruptible arrangement, that may be manipulated by the operator nor the participant. This is also the main reason a high number of gaming platforms have been available to cryptocurrency withdrawals and deposits today. Check out 918kiss to learn more about iGaming.
The absolute transparency and effortless viewability of a blockchain ledger by anybody interested in it make it a perfect platform for both operators and customers to maintain the trades fraud-free. Knowing that whatever has been done, is concurrently becoming listed in an immutable ledger. Internet gaming platforms may either utilize public blockchains or just incorporate this technology in their approaches, to provide an optimum amount of transparency to their clients. The benefits provided by blockchain technology to gaming platforms are for real, and so are causing a fantastic deal of change in these businesses.
A blockchain ledger maintained in the public level is immutable and decentralized, suggesting that no single firm or individual can change any trade, following its recording. This is because the ledger is maintained by tens of thousands of unique computers crossing around the globe; therefore, no one person can make any alterations to it. Resultantly, everything listed on this ledger could be wholly reliable and even utilized in the shape of evidence whenever players can find valid legal debates. This caliber of blockchain technology makes it well suited for the internet gaming business, where hope is of extreme significance.
What sets blockchain technology aside is the fact that it’s equally transparent in addition to anonymous. Every person’s interaction with all the blockchain becomes listed via a set of random numbers and figures, ensuring no private information like bank information, address, title, etc. is listed. But should players have to show that particular trade was completed, they can certainly do it by providing evidence of the trade connected to a pocket. It means they could demonstrate that they have a specific activity or advantage, while also making certain their private details are concealed from everybody.
Using cryptocurrencies such as bitcoin, derived from blockchain technologies, for playing online gaming platforms may safeguard banking and personal details. As soon as players have bought cryptocurrency from a trusted source, it is possible to load this up at multiple gaming platforms, without providing banking info. In the event of cryptocurrencies, all must provide is the address of the digital wallet.
Commercial gaming machines will be more strictly regulated in the future. The new Gaming Ordinance came into effect. In the “rules of the game” for commercial gaming that have been in effect since then, the tightening of the rules previously called for by the Federal Council was taken into account.
Slot Machine: What Every Player Needs to Know
The player card for commercial slot machines is coming
With the changes in the Gaming Ordinance, the responsible Federal Ministry for Economic Affairs and Energy has implemented a whole package of measures to improve the player and youth protection. In the future, every player will need a so-called “player card” in order to be able to use a slot machine. Only one card may be given to each player. This is to prevent someone from playing on multiple devices at the same time. The issue of the card is also linked to an age check. The player card thus serves both youth and player protection. This system may soon be imposed too to slot game providers online such as the mega888, rival slots, wms slots, and the like.
The maximum profit of EUR 400 and a loss of EUR 60 per hour
After three hours, all games are automatically paused and the devices are set to zero. Likewise, the upper limits for possible winnings and losses at the machine have been re-regulated: The maximum win per hour in slot machines may be a maximum of 400 euros (currently 500 euros). The loss must not exceed 60 euros per hour. Instead of the three gaming machines previously allowed in restaurants, only two machines may be set up per establishment in the future.
Off for automatic key and points game
Many gaming machines have a so-called automatic button. This key is used to place bets without any action on the part of the player. After the Gaming Ordinance comes into force, this automatic button should be a thing of the past. There will also no longer be any conversion of amounts of money into points (points game). In the future, stakes will only be displayed as recognizable amounts of money. Experts were recently able to prove that converting monetary values into points can undermine the legal regulations for limiting gambling losses.
The number of slot machine players had recently increased
Experts had long been calling for stricter regulation of slot machine games in restaurants and amusement arcades. For the majority of those seeking advice (for example in addiction counseling centers), this form of gambling is at the center of their problems. In a current representative study by the Federal Center for Health Education (BZgA), an increasing number of slot machine players were found. 3.7% of all respondents stated that they had tried their luck at a slot machine within the last twelve months. In 2007 this proportion was 2.2%. The increase was particularly pronounced among 18-20-year-old men. Almost one in four of them (23.5%) has played a slot machine in the last twelve months.
The harmless “daddling devices” of yore, which were primarily used for entertainment, have long since developed into sophisticated high-tech devices with a high-risk potential, which are also widespread. It is to be hoped that the new rules of the game will help to reduce the risk of slot machine games and limit the problem of gambling addiction.
When looking to invest in an online casino business, have awareness that the global gambling industry is under rigid scrutiny for money laundering activities. Gambling regulators in all jurisdictions require all online gambling operators to comply with an international law known as the Anti-Money Laundering (AML) Act.
Online casino operations are known to be easy targets of criminal organizations that move money from country to country, as a way of laundering or making legitimate, large sums of cash from or for illicit operations, including terrorist acts. That is why nearly all countries have legislated specific guidelines and procedures aimed to implement measures as their local versions of the AML Act. That way, all channels through which illegal organizations move their money will be compelled to handle their financial transactions legally and with utmost care.
That being the case, even if an online casino operator offers offshore online gambling products and services in different countries, the operator is still under obligation to abide with the AML Act in every jurisdiction. That denotes that even if an online gambling firm is registered and licensed by a country that has less rigid gambling laws, the company must still abide by the anti-money gambling laws of the countries where their customers are located.
Knowing and Identifying Potential Online Casino Customers in Indonesia
The most basic compulsory procedure that online casino operators must follow to protect its site against illicit financial activities is to “Know Your Customer/Client (KYC).“
In Southeast Asian countries like Indonesia, where offshore online casino operators offer judi slot online to customers, strict compliance with the AML Act is a must. While an online casino may use an Indonesia-based agent to recruit customers, the agent is the online casino’s first line of defense against illicit financial activities. As much as possible, the agent must recruit only those he or she fully knows and trusts, and at the least, those whom the agent has verified as a person not involved in criminal or terrorist activities.
As part of the identification verification procedures, a customer service staff of the online casino, partners with the Indonesia-based agent. The customer service personnel processes the account registration, as well as evaluates and further verifies the identity of customers recommended by the agent. Still, it is possible that a registration will not be immediately rejected, if in case the registering person is flagged as a potentially risky customer.
However, online casinos that accept such offshore applicants as a member, must run on a platform capable of monitoring and detecting any large sums of money being transacted, particularly by those flagged as having dubious backgrounds. When called for and as required by international AML guidelines, any suspicious financial activities must be reported to appropriate authorities.
People spend billions of dollars on online betting.
From online baccarat to poker and blackjack, these sites are too easy to find across the Net. These people who are fond of online betting go into sites they see in Google. They access without verifying if it’s legitimate. Before you access a gambling site be sure to check out any Toto Site Recommendation ( 토토사이트추천). It’s a trusted online sports betting site. This site will provide you with betting tips and some game analysis details. You’ll be confident in spending your money after visiting the site.
When you’re feeling lucky and ready to win some money, only access sites recommended. A site that will give you the best experience for your favorite online betting game. Accessing these sites will make you feel secured and will guarantee the best.
The TRUTH About Sports Betting! Watch this before you place another bet.
Another thing to consider before entering the site. You should be aware of the danger it poses:
- Since most betting sites have easy access you may have the tendency to gamble the whole day. You can access it without putting so much effort. This makes a person bet at any time and anywhere. The best advice about this is to check the time you give on these sites. Practice discipline and put a time limit on every play.
Make sure to always follow this whenever you log in.
- There’s the danger of minors finding out about these sites and trying it by themselves. To prevent minors from accessing these sites be sure to log out on these sites. Keep your passwords only to yourself.
- People get hooked to it. They usually forget to do some chores because they spend too much time in front of the computer.
- Since people are betting online they usually forget that they are betting on real money. Keep in mind that the amounts you see on the screen are equal to real money.
- Some gambling sites may be fly by night sites. After taking your money they shutdown without paying you.
- Accessing some gambling sites may be too risky. You are exposing some personal information that hackers can steal.
- Online betting sites get you hooked. Take note that these sites can be very addictive. Discover sites that Look for sites that will allow you to have the option to decide on your own spend. Also, look for sites that have session limits.
- Since you are betting real money remember that you can lose big amounts of money. Since this is a business, operators make it a point to earn a profit. These businesses get more money than they would payout.
Online casino has become an important part of the entertainment industry. According to the study by the credit agency Trans Union from 2019, mobile gaming on the smartphone is in vogue and, even before the console, is the most popular device for playing. Online gaming has become a huge occurrence and has become well-known in society these days. One of the sites where some online gamers check is asiabet369. The percentage of online casino transactions has increased over the years. However, it is always good to know what are the pros and cons of online casinos.
Online casinos pros and cons – facts worth knowing
- Online casinos are virtual casinos that you can use unlimited
- The game is played on a device such as a smartphone, computer or tablet
- There is a certain anonymity.
- When playing in the online casino, real croupiers do not have to do without
- The gigantic range of games and special offers complete the whole thing
Online casinos advantages
- No dress code. For those who like it a little more comfortable and do not want to squeeze into tight suits or costumes every time, online casinos are just the thing for them. Because if you play games online in the casino, you can do without a dress code and play games in the online casino from the comfort of your own home.
- Generous bonus offers. Everyone who bets online love special offers and discounts at a great price. They love that and online casino knows that as well. Online casinos attempt to lure players with the top possible offer so that they can get them as customers in the end.
- Play for free without registration
- Large selection of games
- Open 24/7
- Higher chances of success
- Bet limits
- Diverse payment options
Disadvantages of online casinos
- Reliable operators
- Withdrawal time
- Lack of interaction
- The atmosphere
- Only EU gambling licenses are legal, all others are not
- Bonus money linked to wagering requirements
Casino and gambling can teach you about business. You just need to have the passion, time, money, and effort if you want to pursue gambling and business.
Computer hardware and technology will keep improving and changing to the point that it becomes a bit confusing and hard to pick a device that is fit for a given task. Being able to understand hardware may take time which is the same reason why for everyone interested in online casinos and gambling, reading the guide below can lend a hand to have a 그레잇게임.
Jumping into the Online Realm
For example, most of the digital slot machines these days do incorporate traditional buttons and levers but, they can easily configure it by adding whatnot with technology similar to VR headsets or touch screen feature. While digital slots are still quite popular, you can have the best slot experience by playing it directly on your smart phone or in your computer.
Online video slots are either downloadable which could be an app or computer program or be hosted by an internet browser in which it is referred as browser games.
Literally, there are hundreds of game variations that you can find online. Many online casinos do feature themed as well as official licensed titles to entice and attract more players. Aside from that, there are numerous specialty themed games like Safari Spirit and Red Panda, animal spinners Savannah Storm and more. Pick a game that is just the thing for you by checking its paylines and theme. The moment that you have come to a decision on which game to play, next thing to do is to fund your online casino account and start playing.
Minimum Specs Required
If you wish to download the casino games and be able to play it on your computer, it is imperative that your system at least have the specs below:
- 0 GHz processor or higher
- 2GB RAM or higher
- 2GB graphics card or higher
On the other hand, if you would like to make your gambling experience more realistic, you may do so with a virtual reality hardware. But this will push the minimum specifications you need for your device like an Intel Core i5 processor or higher, 8GB RAM or higher and latest graphics card.
Then again, if you are planning to play gambling applications on your smart phone, there must be around 100mb of memory in your device to download the game. Majority of Android and Apple devices are standardized and so, if you have a new device, its OS should do fine and the mobile apps should run smoothly as well.
Sports betting and game manipulation – a billion dollar business that is increasingly becoming a problem for professional sports
Sports betting generates billions of dollars worldwide every day. For years, therefore, there have been many headlines that fraud is becoming an ever-greater problem. All of this exudes professional sports, which suffer from manipulation – either specifically through incidents or the possibility that cheating could occur. There are various attempts by individual associations and even many betting providers to contain criminal activity. It goes without saying that this is anything but easy. When it comes to money, limits are difficult to set.
Problems with gambling fraud in Asia
When gambling problems are reported, it is often said that the scammers are based in Asia. Official surveys prove this. It is a continent where a lot of money is spent. And the more money in circulation, the higher the risk of fraud. There is talk of a mafia. It is not limited to specific sports, but it is not limited to this continent. There are now effects worldwide. However, one should not believe that everything in terms of sports betting or casino is designed for fraud. Those who cheat belong to groups, but the individual little bettors are not part of the mafia. They are for the personal kick, to put it this way.
The European betting mafia
A betting mafia has long conquered Europe. There have been repeated cases of fraud in recent years. Different sports were also affected here, even football. The problem cannot be linked to specific nations, either in terms of the authors nor the fraudulent athletes. Whether people from the Balkans are responsible or from Belgium is only of secondary importance. They are criminal people who want to use their contacts in sport to influence sporting events. You make sure that a special incident occurs. The word incident can refer to a goal or a specific result. There are countless options. Money is bet and won in the end. And the profit is considerable.
Affected sports and how to deal with the problem
Football is a particular focus in the area of sports betting. Football is played worldwide and millions of times, which increases the chances of smaller and larger scams. Only one player has to agree to make a mistake for a certain amount of money, for example. And you can bet on this mistake. Basically, this can be applied to any sport. If you don’t make a lot of money, you’re more vulnerable than someone who has millions in your account. Of course there are official bodies that deal with this problem. If the bookmakers find that a special sporting event is going to cost a lot of money, contrary to all tendencies, they will become aware. A kind of radar was created, the bookmakers cooperate with each other. It is possible that the relevant markets will be closed. Or those who invest a lot of money do not get their money and have to verify themselves. The groups that cheat rarely work with their own names. Or they have straw men. And those who cannot prove that a lot of money could be used may not receive the payout. This does not change the actual fraud, because it affects the entire sport.
Bet with a trusted gambling site from Asia. Check out http://126.96.36.199/. So far, tested to be among the trusted gambling sites that provides only the best entertainment in the gambling industry.
The Agua Caliente Casino Resort has received a great deal of positive reviews. They are situated in a very convenient location with a sizable gambling floor where you get the play numerous table games and slot machines. Not only do they provide fun in their gambling floor, but also have a full-service spa where you could treat and spoil yourself, excellent entertainment in awesome entertainment venues, mouthwatering dishes as well as a friendly and accommodating service.
Such facilities and services are the reason why many people are drawn to land based casinos like the Agua Caliente Casino Resort, which is a great and significant thing not only for the business but also for the overall gambling and gaming industry.
Looking for the Best Casino
Although there is an increase in the use of online gambling sites, many still opt to visit a land base casino for the real deal. However, with so many casino to choose from, you may have a difficult time looking for the right one for you to have a great overall experience and get your money’s worth. To help in your search, below are some tips to consider and assist you in choosing the right and best land based casino.
Facilities and Services Provided
Everybody wants the best and most excellent services, however not all casinos provide such outstanding service. Since the internet is now a great source of information, you could use it to search and know what facilities and services a certain casino provides.
Land based casinos include various kinds of casino games. But, casinos, whether land based or online, aren’t able to offer every kind of games. So, know which types of games are available and offered by the casino of your choice. Check out the casino’s portfolio. If it doesn’t have the kind of game you are looking for, you might want to consider another venue, or look into the facilities and services of that casino which are worthwhile even if it doesn’t offer the game you desire.
Look for reputable casinos. Clearly, casinos with a good reputation also have a good level of reputation in the market. This is principally based on the services provided and offered.
Look into Reviews
In today’s modern age, many rely on reviews to get a good overall idea on how great a product, a service or an establishment is. They are becoming more relevant and are a great source of information. However, make certain your source is genuine.
basically transforming a lot of players from all over the world.
Imagine where they can no longer travel to a place or two to compete with rivals because finally, they can now do it online. They can compete with the experts, the beginners, the novice, and even those who are just curious to try.
Which in fact, being “just curious” is not a thing when it comes to playing in a real casino. There are also no bonus games that allow you to win real cash and jackpots. While online, they have… and actually more than just that.
What are those advantages and benefits? Keep on reading for more…
The Amazing Advantages of Poker QQ
Number one- poker can extremely save you money. I mean, a lot of good value money. Unlike in a live casino, where you only stop when your cash and bankrolls run out. In an online casino, it helps you take in control of your cash and money. And even, it lets you save money and use it as an income too. This is because of a lot of bonuses game you can play online.
It also gives you the benefit of no longer having to wait for other players to finish, or wait for a playing table to finish. Through online, you will just be in the queue for a couple of minutes then for the next minute, you are on your game.
And more importantly, because online casinos are way more convenient than those of live casinos or actual casinos. On online, you can play your games and enroll in tournaments any time of the day and anywhere, everywhere you wanted. Whether you want to play poker qq in your bedroom with your pajamas or feel fancy on your comfortable sofa with wine or in your workplace during your break time.
Unlike in an actual casino, online casino or gambling does not require you to make hassle efforts just so you and your friends or rivals can play. Online makes it easier and convenient for you.
Do you wanted to find the best situs poker online?
Since the online gambling trend boom in the web, online casino and playing online poker has become a real thing for most players. Gone are the days when people look for a nearby local casino to play, or call a couple of friends to team and play with. Because finally, they can now experience a real casino game online.
The best online poker sites are not that many. You have to make sure that when you check in a site, they will ensure and guarantee that you’re playing a game that’s reliable and can be trusted.
There are a lot of characteristics you have to consider in choosing a legit poker online, here are some aspects you have to take into account.
Make sure that you thoroughly check the background of the site. Look on the complete data of the site including the recent feedbacks from their players. Or reviews. You can also get some results on Google, there will be some articles reviewing the sites.
It’s important that you consider checking their background to make sure that the site is reliable in giving you your prizes and can be trusted in holding your money.
2. Check the bonus game
The most online casino has a bonus game. Wherein you can play for free as a trial for a certain game. If you win, you can use winning tokens to apply for a real game without withdrawing cash. That must be an indicator that they are reliable in giving real cash prizes and jackpots.
3. The security
Every player must be safely secured. A reliable site has a strong security system where they will keep important information secured. Also, your bank accounts and money that you have a deposit.
Entrepreneurs gained their riches through their thriving businesses, whereas there are those who earned their wealth through professional gambling. As both seem to share several traits that brought them success, this have led to many comparing entrepreneurs and gamblers.
For instance, Joker123 is an online gambling game that offer outstanding opportunities to individuals in search of huge wins as well as profits. It is regarded as one of the top casino games online. Just like any other casino games, players have to learn and understand the rules of the game in order better play it and win. Entrepreneurs, on the other hand, before playing their cards in a business have to learn and understand everything about it as well to be successful.
Come to think of it, successful business people and leading card players actually have so much in common. Both are risk-takers, make bluffs as well as take into account the timing of each move that they make to guarantee success.
One trait that both entrepreneurs and gamblers share that is quite evident is their readiness to take on risks. But, the manner on how you perceive the risk creates the difference. Both could take any amount of risk to hopefully gain something out of it.
Entrepreneurs bet on their capabilities, on their capacity to figure out the market and deliver goods and/or services that will surely sell. Business is a gamble. If they succeed, they look for more ways to expand and remain successful. If they fail, they look for other ways that would hopefully lead them to success.
Gamblers risk money depending on the action of others or the outcome of something. For instance, a gambler may wager on sporting events based on a team’s win-loss statistics. Poker players have to learn to read their adversaries for them to recognize bluffs and make the right moves.
Knowledge and Experience
Successful gamblers and businesspersons are good researchers. Although the phrase is overused, successful entrepreneurs and gamblers did do their research and have plenty of experience to be successful.
When starting a business, entrepreneurs have to hit the books to learn everything about the business, study strategies and apply them to test their effectivity. Any individual who would want to venture into a business and continue to be relevant in the market, one need to have correct and relevant info on the industry, investors, as well as on goods and services. With relevant knowledge, it would be easy for entrepreneurs to grab hold of potential customers, and ultimately success.
Gamblers, like entrepreneurs, also have to learn and understand how a game is played. When gambling, one does not only rely on luck. It is also imperative that gamblers learn effective strategies to win. Moreover, many successful gamblers have also experienced losses which they have learned from.
It’s rarely an instance to watch sports or even Googling sports without seeing any advertisements or websites redirecting you to an online gambling site like https://www.vslots88.com. Believe it or not, online betting industry is growing strongly year after year whether people are intentionally searching for it or accidentally found a gambling site.
Nevertheless, the industry grew so strong that its access becomes so effortless for everyone. And who would not want to take part in these bets? When the high-risk bets paid off, that adrenaline rush is sometimes enough reason to do the same act over and over and over again. Not to mention, it can significantly boost your finances. Even if the odds are not entirely in your favor, the thrill and excitement of anticipating and waiting for the game’s outcome is another reason that makes you want for more.
Types of Gambling Platforms these Merchants Offer
In comparison to other types of business these days, businesses in the gaming industry presents a greater risk to underwriter and that’s the exact reason why such business is referred to as high-risk by merchant account providers as well as banks.
As mentioned, the gaming business is otherwise called as online gambling and has been a profitable and well-organized industry throughout the years. Merchants for this industry offer all sorts of gambling like:
- Sports wagering
- Online bingo
- Online poker and;
- Mobile gaming
Why these Businesses are High-Risks?
There are many different reasons why merchants operating in this industry are deemed high-risk and some are:
Reason number 1. Gaming business carries high volume of turnover which is seen to be a big risk factor by merchant account providers and banks that are giving them credit line.
Reason number 2. There are cases of money laundering as well as fraud in the gaming business particularly those that are operating in offshore.
Reason number 3. The products presented by gaming business are mostly seen to be a high-risk product because there’s a great potential for refunds and chargebacks. This ultimately pushes the liability of the processor when processing for business.
Reason number 4. There is a possibility that the merchant is just new to the field and as a result, has no strong credit line. This therefore increases the odds for solvency and as a result, puts the bank in a position of being financially at risk.
But these don’t indicate that credit card processors and banks will not be giving these merchants the chance. With strong business plan laid out and effective negotiation, a gaming business merchant can get funding and support for their operation.
Poker is mainly a game of skill and almost any casino and online casinos like ufabet has to offer some variant of poker. The beauty about poker is the fact that this game is so simple to understand and you can almost immediately start playing after mastering the basics. It doesn’t matter what level your poker skill is but the question is, how you can turn yourself from a casual player into a professional one?
With the surge of poker tournaments both online and offline that is also jam packed with known personalities to take home big prize money and seats at some prestigious poker events, there are plenty of strategies and methods that can help you improve your game.
Do Your Homework and Grasp the Game’s Concept
Professional poker players have invested lots of hours studying and practicing their strategies, more so for those who are in the top-tier level. Reading tons of poker books as well as taking part in detailed hand discussions across poker forums becomes the norm. It is advisable that you bookmark sections or sites that carry valuable information.
Understand the Rules
You have to know and understand the rules applied in poker. And with the different variations of it, the rules may vary as well. All of which may have nuances that might or might not fit your style of playing. The most popular is the Texas Hold’em Poker and it consists of numerous similarities to traditional Stud Poker.
The blinds, positional play and hand rankings are all essential and must be thoroughly understood. Much like with all kinds of gambling, etiquette and terminology could be the key factor of your knowledge base in ensuring comfort while playing in the tables. This will eventually allow you to have informed decisions on each and every hand you play.
Repeat what’s Good
So, you have done your research and eliminated gaps in your knowledge. The next thing you have to do now is practicing it. The only thing that you can do it is by playing. A simple way to get this done is of course by registering at the top poker sites in your state and play there. There are a number of poker sites over the internet that you can choose from so it shouldn’t be a challenge.
Though it would not hurt if you are going to read reviews of the poker site you are planning to register and play.
Countless people do enjoy gambling on their favorite casino sites such as Situs Judi online. While online casino operators and players are having all the fun, it is sad that online sports betting have a different take on it. Not all the time, betting on sports online is legal. While it is true that laws changed throughout the years, still there are several countries that are prohibiting such activity.
In this column, we will be focusing on the countries that are still deflecting any sports betting related activity.
In the past, Cambodians were known mainly because of their uncontrolled gambling addiction. Thus, the government has made a significant decision but to ban any types of gambling in 1996. On the other hand, they do allow private lotteries that are government-sponsored which come in five different forms. For travelers who are planning to visit the country, you have to know that you’re allowed to gamble and there are dedicated casinos offering this kind of service.
Believe it or not, almost every Islamic country that you’ll ever come across is prohibiting any kind of gambling. While this is true, you will be shock that majority of these countries are not enforcing any rules to stop people from doing it. Meaning to say, they are still allowed to visit any online gambling sites that are focused at Arab players.
On the other hand, in U.A.E, the law is a lot stricter and anyone who will be caught gambling may be imprisoned for 24 months.
This is yet another country that prohibits gambling. Singapore actually banned all kinds of gambling-related activities online. And this was enacted under Singapore Remote Gambling Act unless there was an exemption that’s been made. In such case, you will learn that the only exempted gambling operators granted in 2016 are Singapore Pools and Singapore Turf Club. Else, you are going to find that land-based gambling is all illegal as a whole.
Say that you are in search of a country that has the strictest law implementation towards gambling, then Qatar would be at top. Qatar made all kinds of gambling to be illegal which include sports betting. People of Qatar have not taken well the ban and as a result, you may encounter underground gambling scene in the country. Needless to say, everyone who will be caught engaging in such activity will be facing a consequence.
Online gambling has become popular in Asia-Pacific countries that many are asking if operating an online casino is a good business venture. Apparently, Asians have quite an appetite for gambling and the current scarcity of accessible online gambling facilities in the region makes the business very appealing.
However, it is first and foremost important to note that gambling in any form or space, is not legal in most Asian countries; particularly in nations like Malaysia, Indonesia and Brunei where the population is predominantly Muslim and therefore subject to strict Islamic laws. In countries like Singapore and Thailand, in general, is also illegal; but with certain exceptions if bets are wagered on locally-licensed lottery systems and on local horse-racing events,
Nonetheless, advancements in technology and networking solutions that allow widespread geographical operations, enable online casinos to reach and connect to adult Asian gamblers despite restrictions.
Online Gambling Sites are Capital Intensive Business Ventures
Operating an online gambling has great potential as a lucrative business, but it is also capital intensive. In order to put up an online igaming website, large upfront seed funding is needed to initially address three major requirements: IT infrastructure, licensing and marketing.
Although the marketing aspect is capital intensive at the beginning, the cost of marketing campaigns could lessen in time. Once word of mouth spreads that an online casino offers quality and fairn igaming content, an online gambling operator needs only to harness the built-in promotional features and tools that game developers integrate, to enhance customers’ igaming experience.
A reference to IT infrastructure means the combination of software, hardware, network resources and related services needed to set-up, operate and manage a business in digital format across a digital space. When looking to invest in an online casino in Asia, the ideal type of infrastructure to use is one that supports a mobile gaming platform. This type of platform enables igaming operators to offer real-money gaming content by way of proprietary software or application, which customers can download and install in their smartphone.
Take a look at 918kiss, which formerly operated under the brand name SCR88. The operator not only took to rebranding its online casino platform. Changes were implemented that transformed the set-up into a mobile gaming platform. The improvements came complete with deposit and payment processing services, offers of promotional bonus and loyalty rewards, as well as responsible gambling features and measures to protect customers from gambling addiction.
Moreover, the 918Kiss mobile platform now carries a wide array of Asian-themed online casino games provided by more than 30 game developers such as mega888, Ace333, Live22, Rollex11, Lucky Palace, Suncity and Newtown, just to name a few. Check out 918kiss download for more gaming opportunities. Through content aggregators, 918kiss customers can access real-money wagering content provided by major providers like Playtech, Real Time Gaming, Spade Gaming, WM, SA Gaming and Ezugi.
In addition, marketing initiatives are launched by 918kiss affiliates and agents through their own dot com sites.
Licensing and Certification
Even if licensing is not possible in most Asian countries, having a globally-recognized license to operate as an online casino is important. Bear in mind that Asian gamblers take precaution by trusting only licensed gambling websites that show proof of trustworthiness and game fairness via certification issued by an independent, third-party igaming regulator or watchdog.
As part of licensing requirements, all casino operators whether land-based or online, are required to set aside and maintain large amounts of cash reserves. The requirement serves as guarantee that operators have the capability to pay out winnings, especially large ones.
Moreover, duly registered operators pay licensing tariffs and taxes on revenues gained from their gambling operations. That is why licensing and regulatory certifications are the hallmarks that distinguish legitimate online casino businesses from scammers and rogue online gaming operators.
Vslots88 is the most trusted and largest betting website in Indonesia offering online poker, online slots, the roulette, dice online, baccarat, as well as other casino games and live casino. Vslots88 is also a bookie for online soccer gambling, cockfighting, and one of the football dealerships in Indonesia. They offer 24-hour professional online support and customer service reachable through telephone, live chat, or SMS.
With the Internet and technology that unceasingly develops, a lot of online casinos like the vslots88, are becoming increasingly more popular than of the physical or land-based casino. With the pandemic affecting various countries around the globe, players would now rather join an online gambling website to stay safe as well as for other reasons
Why Online Casino Is A Good Business To Start
With the increase of players around the globe, a lot of entrepreneurs and other individuals are now opting to start an online casino. Moreover, online gambling businesses are now seeing more advantages than the drawbacks. The following are some reasons online casinos are a good business.
Entertaining Customers is Easier
Physical casinos provide whatever they could to keep their customers entertained. But this can’t be likened with an online or virtual casino that could basically be a personal entertainment room to a player. After players register and create an account on their chosen online gaming platform, they will definitely expend a huge amount of time there compared to a land-based casino.
Online casino promotions are updated by owners just about on a daily basis which could be claimed by their players. These promotions and bonuses could be very worthwhile and so creating a solid relationship between the player and the gambler. In many circumstances, online casinos offer rewards and promotions to players who make more deposits and play frequently.
More Player Winnings, More Casino Profit
In terms of diversity as well as the number of available betting machines, online casinos have more of these than land-based casinos as they don’t require any betting machines or tables for casino table games. Since the casino games are directly uploaded into the casino site, the process is much faster and easier, as well as bring more earnings and winnings for the player. Since more players join, make more deposit and play more frequently, online casino owners profit more.
Advertising is Easier
An effective strategy for marketing is at all times a major element to any type of business. Online casinos, in this case, need to identify your competitors, leading online casinos as well as what they offer and provide their players. When the site has been launched and players begin to join, advertising becomes a crucial element for success. Digital advertising is far cheaper than print ads. Moreover, you could expand your client base through effective SEO strategies making it easier for potential clients to find your online gambling site.
Unlike a land-based casinos, operating an online gambling website is easier and with less expenses as you have a small number of employees, no physical space to pay rent or utility bills, no betting machines, tables and chairs to purchase, as well as other things needed to in a physical casino.
In any business venture that you take into, there will and always be some kind of risks. To enjoy the rewards, it is necessary among business owners to take risks. Most of the time, the bigger the reward, the bigger the risks. With this being said, how should an entrepreneur must proceed in gaining practical experience and learn at the same time towards risks.
Normally, entrepreneurs never jump into an investment without taking a calculated risk annually. Meaning to say, it will take years before gaining experience and also, practice when it comes to risk assessment. In the world of gambling on the other hand, it lets us learn by taking tons of risks on a single day.
The next lines discussed some lessons that we could learn from different kinds of gambling.
Virtually any type of gambling teaches you different lessons about rewards and risks. With some types of gambling, you largely depend on luck or chance while others types lets you wait until odds begin to stack in your favor. Being an entrepreneur, you have to be vigilant to the type of bet you will be taking as well as the risks to your capital.
If odds are in your favor, then you should be ready to take risks on the capital. Otherwise, you can still push on your investment but only invest a small amount of it. So for example, you have to weigh odds of your investment like in an online casino.
You may offer free spins no deposit required keep your winnings. While this is somehow money going out, the fact that it will generate more people and traffic to your casino means more business and higher chances to bag home profits. That is the kind of risk and reward you must take into consideration.
If you follow the path of successful poker players, then you will notice that things do not always go the way they planned. Every seasoned player is aware about this. It’s the same reason why you should never risk that much on a single decision that being wrong could wipe them out.
These players are aware that by playing hundreds of hands in the long run, stick to a strategy and be disciplined, their reward would soon follow. Of course, they know as well that if they become careless and lose too much, they will not be able to keep on playing and their payday would never see the light of day.
Gambling is not legal in Indonesia; but there are actually no hard government laws that specifically cover gambling as a prohibited act. However, the driving force behind the ban on gambling activities in Indonesia is the implementation of strict Islamic Laws.
Majority of Indonesia’s Population are Islam Devotees
Indonesia is the only country in which the majority of the population are Muslims. About 85% of Indonesians in the country belong to the Islamic faith; roughly equivalent to about 225 million Indonesian Muslims. Since the country is the fourth most populous region in the world, the number represents nearly 13% of the entire global population of Muslims.
Although Indonesia used to be a predominantly Christian country, the continuing increase in the number of Muslims, likewise saw the gradual reversal of the percentages.
In the early 1990s, when it became apparent that the country was dominated by citizens devoted to Islamic culture and religion, casinos and gambling joints were forced to take their operations underground. However, the advent of online gambling, allowed many adult Indonesians to engage in gambling activities, particularly sports betting.
The Muslim leaders in the country found it necessary to call for the strict implementation of Islamic laws that prohibit gambling in any form. In 2012, government legislative ministries came out with declarations that even gambling and placing of wagers on sports matches via the Internet, is illegal.
Still, the Indonesian government encountered difficulties in policing online gambling activities. Yet in deference to Islamic laws and that of the government’s, licensed operators of online casinos and online sportsbooks complied by restricting access to their websites. On a case to case basis, access can be granted; but through an agent representing an online casino and sportsbook operator like SBOBET.
SBOBET Agents and Their Role
SBOBET is an Isle of Man- licensed gambling operator that continues to grant access to Indonesians, but only if the individual was invited by an agen sbobet (SBOBET Agent). As a rule, only individuals related or vetted by an SBOBET affiliate can become a SBOBET Agent.
Through their personal website, SBOBET Agents are tasked to screen individuals before they are given access to the online gambling facility. To make sure that their recruits can successfully complete SBOBET’s registration requisites, accredited agents usually invite friends, relatives and others whom they have come to trust as responsible gamblers.
In addition, a SBOBET support staff will be assigned at the Agent’s website, mainly to assist the registering member who has been approved. If so, the SBOBET support staff will provide a link that will allow the new member to access his or her preferred SBOBET channel/s i.e. online sportsbook and/or online casino.
The gambling industry is a billion-dollar business for providers. Much of the turnover is made in the unregulated area. The players bear the risk.
After 23 years as a player, Volker Brümmer stood on the tracks, the farewell letters were written. “I didn’t just gamble away money, but all social contacts – almost my life in the end.” At the low point of his player biography, with 300,000 euros in debt, the tiler changed his mind. Today the 50-year-old is dry, as he calls it. And talks openly about his past.
Brümmer is still a child when he first plays. At a rest area, he throws Grandma’s pocket money into a machine. The two marks never came out. “It was the first time I lied to my parents about playing.” Years later he will tell stories to bank employees – and also empty his daughter’s savings book.
Studies state that denying on the subject of gambling is a characteristic of gambling addicts. In respect to estimations, there are 200,000 pathological gamblers in Germany and roughly, there are around 300,000 problematic players.
77% of gamblers who go to outpatient therapies or treatment centers gamble on machines. This emerges from the 2017 addiction help statistics of the Institute for Therapy Research.
The truthful threshold of unlawful gambling
“Once a month, that’s where it started,” says Brümmer. “In the end, I played on 20 machines at the same time in arcades. The loss of control is limitless.” Brümmer plays the last three years of addiction from home, on the Internet. “Open 24 hours 365 days a year – a paradise for every player.”
Casinos and Poker online (Situs Judi Online) are part of the non-regulated gambling sector. This includes gambling deals that often have no license. A lot of it really is tolerated.
The unregulated market is booming
Out of the billions of income (roughly 14.2 billion euros) made by gambling companies in 2017, 22 percent comes from the non-regulated and this includes sports betting online. The statistics were provided by the twelve-monthly statement of the national gaming bodies. The legal sector grew only by 1 % compared to the previous year (157 million), the non-regulated sector has grown by 24 % (626 million).
The government is presently discussing a change in Gambling laws. The launch of the sports betting sector is on the way. On the other hand, gambling online will remain restricted.
Protection of players through personnel and new measures
Georg Stecker, the spokesman for the board of the German Automata Industry (DAW), is in favor of a countrywide biometric access program. According to the association, around 278,000 cash-operated play equipment is installed nationwide – 82,000 of which are not in arcades, but in catering establishments.
According to gambling researcher Becker, there is no survey of how much revenue is due to gambling addicts. Brümmer sometimes gambled thousands of euros in one night. He needed 18 months of therapy. So far, he has managed eleven years without a relapse. This is not a matter of course, as he knows from many stories. The 50-year-old is now leading a self-help group for players.
Among the well-loved benefits of consumers have for online businesses is the fact that they have less overhead compared to brick-and-mortar stores. This in return has a significant impact on their revenue and thus, be able to pass on the savings made to clients. Online business does not have to hire plenty of staffs to keep it operational, rent out premises while avoiding the costs associated with insurance and utilities.
But how things are when it comes to online casino such as Dewa898. Such business requires decent investment in an effort for it to run 24/7. Let us take a closer look.
The thing with online casinos compared to its land-based counterparts is that, they need less staffing with regards to waiters and bar tenders. Still though, they have to pay for a humongous team in keeping things in order. This includes the following people:
- Customer service representatives to assist client issues
- Technical support who works 24/7 to ensure that there’s no hiccup in the site’s operation
- Managers to keep things in place
Let us face the fact that the world we live in now is fierce and so competitive. This is the exact same reason why online casinos pour serious sum of money in getting the best people to do the marketing on their behalf and promote their site to get more customers. Easily, this is one of the largest expenses that an online casino can ever have.
Server and Domain
Any businesses that are operating in the online realm need hosting or server and this too comes with a price. With the amount of data that a business like this needs, most likely buys their own server instead of renting space using a 3rd party service. This additionally incurs costs on a monthly basis. Of course, the more people signs up and play on their website, the more server space will be consumed.
With the amount of money that is changing hands in the casino along with the big volume they make on a daily basis, they’ll incur several costs from various financial institutions to make sure that their finance is properly managed.
In addition to that, online casinos need to pay for the currency charges if they have accepted multiple currencies. Moreover, they need to pay for the costs associated to insurance to keep their money secure and safe.
On top of all that, online casinos are expected to pay hefty amount of fee on accountants and lawyers to guarantee that they’re doing everything in line with the law and also, in line with the legal changes happening and will happen.
Risk and gamble seem to be the same thing. In fact, in the business world, a risk is defined as the contrast of gambling. Meanwhile, gambling depends on chance, whether it is a calculated one.
The difference between gambling and business risk
In the succeeding paragraphs, the two words are clearly defined to be able to have a precise understanding of the difference between these two concepts.
Gambling means pursuing any effort of an opportunity for a wager. Moreover, it is also defined as something to venture money on a result coming from a pure chance.
On the other hand, business risk is the opportunity of a company that will create profits which is generally lower than what is expected. The risk in business may also mean a total or complete loss. Furthermore, this type of risk is inevitable by several factors.
Factors that may change or influence the risk of business include the economic climate, competitions, and others. Knowing this, we may say that both gambling and business risk are generally similar, yet they are really not.
There are a number of similarities when it comes to the definition of these two terms. However, various differences are also available to separate them.
The Free Slot Games in Canada as an Example
The Royal Vegas online casino is the current biggest online slots site located in Canada. Similar to Sand Casino Gazhua that can be found in 예스카지노, Royal Vegas offers a huge range of online games. Online slots and other types of casino games are included in the said games.
When it comes to business, gambling is defined as something to put on an idea, and knowing everything will turn out well. The worst thing about it is deciding to gamble because it is done by others. This simply means that gambling is a total risky kind of business that gets along with longer probabilities.
Further, taking the business side again, the absolute risk is categorized as an entrepreneurialism type. Entrepreneurship is organizing and managing an enterprise. Moreover, entrepreneurs handle their own fate which they call “shots”.
Prior to taking a risk, entrepreneurs will confine all the facts and analyze everything from various points of view. Aside from the traits that entrepreneurs and gamblers share, both the entrepreneur and gambler consider that there are really no assurances in life regardless of the number of precautions one can acquire. The chance of failure is still high and this is true when it comes to both business risk and gambling.
Are you into online gambling and happens to live in the US? Assuming that you are living in a state where it is legal, then you’ll get protection via your individual state. You can also be protected on federal level. Arguably, laws similar to the UIGEA are designed to provide protection among consumers from issues including but not limited to:
- Money laundering
It’s what Rules are for
This is because of the reason that if you wish to become an operator in US, you ought to pass strict restrictions and of course, follow the law set by your state. So to give you an example, there are tasks or rules that operators have to finish similar to:
- Operators must possess geo-target technology. This is to ensure that only customers within the territory of their state could play at their website.
- They have to offer an option for self-exclusion so players may take cooling off period or stop playing if they seem to have gambling issue.
- Provide controls so players may put a limit onto themselves and prevent them from spending too much.
- At the same time, operators should pay for a license to operate and other related fees.
- Gambling sites have to verify players to be of legal age and has to have a tried and tested software.
Well basically, there are many other rules that come with this. But all of which are designed in eliminating rogue operators.
If you are planning to play in America, then make everything easier for yourself by joining in gambling sites that are approved by US. Else, you will have to solely rely on what online casinos have to offer.
This is how Online Casinos should React
The online casinos itself would be your last defense against hackers, scam artists and crooks. If you make your choices smartly, then the casino will do anything and everything to protect you from the said entities. There are several strategies that these sites are using to ensure a fair and secure game to its clients.
Under no circumstances will the online casino site allows you to play. This is regardless of how much emails you send to them or how much you beg or try to persuade them. Once a decision has been concluded, consider it final. Speaking of decisions, once you are banned, online casinos such as Sbobet will be removing you from their marketing lists. While others, particularly those operating in US would exclude you from the list.
Gaming bingo has been entertaining people since 1929. Bingo has become popularized by travel salespeople who applied it in the game ‘Beano’, where beans were used to cover the numbers on the card. As we enter the era of the internet, Bingo is now also made available online much like other gambling sites like casinos and sports betting.
These online games are also made available to many countries and encouraged membership from many participants. In Korea, a favorite place for casino goers is 1xbet. Check out 1xbet membership for more information.
Bingo Gaming Online
In traditional bingo, announcers call out letters and number combinations in open halls. When you fill 5 consecutive squares on a 5×5 grid card, the player calls out ‘Bingo’. Many companies have brought Bingo to an online platform. In addition to providing an online gaming platform and relevant information has also spread throughout the internet to educate readers.
Here are insider secrets about how Bingo Companies made it successfully online
Attract the attention of first-time players online. It is important to attract the attention of first-time visitors. Carve out simple, short, and effective action request buttons. There are also bingo sites that offer no deposits so that the player will have a golden chance to win up to 900 points in the first 3 days.
Limited time offers. Regardless of the business, offering a limited time offer gets a lot of favor in the market. It is more desirable if something comes out with a limited time offer. It attracts more customers through the door. It is also nice to offer seasonal benefits to members.
Customer trust and business growth. Business growth is possible when there is customer trust. You cannot succeed without customer support. Trust the solid foundation of a successful business. You will have enough opportunities to build long-term relationships with trust. Without trust, you can’t stand up even in today’s competitive market.
Take advantage of technological advances. Today, people access online information through their smartphones. And therefore, many companies who launched electronic Bingo offered eBingo mobile so that people don’t have to sit in narrow places to play the game. They have free access to bonuses and best gaming software on the go.
Overcome the negative image of gambling
It can be said that the traditional mindset of people with a customer base of 9,00,000+ or more has been changed to online games. Companies in the gambling arena are not just there to make money although it’s quite obvious that it’s perhaps the goal of every business institution. But as more people have joined gambling online, these companies have also generously donated to several charities and support as many as research projects for the welfare of the people.
Much more, these gambling institutions also help in boosting the present economy. While these companies are aware of the negative effects of gambling, they too support institutions like GamCare which gives support and counseling to problem gamblers.
Gambling is enjoying increasing popularity and income. Recently, “in” has also been particularly popular for placing bets on the Internet (see also http://dewapokeronline.co). The world’s leading online poker company “PartyGaming” will today go to the London Stock Exchange with 23 percent of its shares.
Economics of Gambling
Estimates of the price of these stocks fluctuate, but according to a Reuters report dated June 15, earnings of around $ 2.1 billion are expected. This amount is lower than originally thought due to concerns about the legality of online gaming in the United States. PartyGaming, founded in 1997, has up to 70,000 online customers at peak times and reported tax returns of $ 222 million in the first three months of this year. Operating profit was $ 128 million, 81 percent more than last year.
Gambling is currently experiencing a “boom” in general, and not just on the Internet. According to the June 4 Guardian, UK gaming industry sales rose to £ 78 billion ($ 141 billion) last year. Losses suffered by players also rose sharply last year to £ 78 billion ($ 141 billion), averaging around £ 400 ($ 727) per working person.
Italians are also becoming increasingly enthusiastic about gambling. The daily “La Stampa” reported on December 3, 2004, that the Italians were expected to have wagered € 23.1 billion in government-run games of chance by the end of the year – around $ 27.9 billion. These games of chance included a wide variety of lotteries, as well as football and horse betting. The amount corresponds to two percent of the gross domestic product. It has risen sharply in recent years. In 2000, bets would have been “only” 14.3 billion euros ($ 17.3 billion).
Gambling Benefits The Government
Governments are among the biggest beneficiaries of the gambling explosion. For example, in Canada, according to the January 6 Globe and Mail, government-sponsored gambling revenue in 2003 exceeded $ 11.8 billion ($ 9.5 billion). The revenue would have quadrupled in the past decade.
On June 15, London’s Telegraph reported that in the UK, lottery ticket sales were increasingly being used for “normal” government spending, rather than being “for a good cause” or cultural projects, as promised, when the lottery was set up just over 10 years ago. Last year, according to the Telegraph, a third of the government’s lottery revenue – over £ 430m ($ 782m) – was spent on ongoing health, education and environmental expenditures.
In the United States, governments in some states are increasingly dependent on gambling earnings, the New York Times reported on March 31. In Rhode Island, South Dakota, Louisiana, Oregon, and Nevada, income from a variety of forms of gaming accounted for more than 10 percent of all government revenue. Other states, such as Delaware, West Virginia, Indiana, Iowa and Mississippi, are close to the 10 percent mark.
In South Dakota, where gambling income accounts for 13.2 percent of total federal income, lawmakers would cut applications for restrictions because it is difficult to find alternative sources of income.