Industry News

Things to Know Before Gambling Online

Published

4 years ago

January 14, 2020

Online casinos are revolutionizing the gambling world. They’ve become very popular over the last few years. Although they are reaching peak status during these times, casino sites are not new to the market. The first sites like them appeared back in 1994. Microgaming is the company that created the first software for online casinos that year and then they created the first mobile casino software in 2004.

At first, online casinos weren’t popular because people didn’t trust them. Safety and fair-play were some of the issues that the sites had to deal with, apart from the domination of the land-based casinos. As you can see now, all of that is changed. Statistics show that online casinos have an $80 billion annual revenue, and that number is expected to top $100 billion by 2024. In Europe, the best market for online casinos is the United Kingdom.

Since this type of gambling is so popular these days, we decided to explain some things that you need to know before making your first wager at these sites.

Is It Allowed in Your Country?

Logically, gambling restricted in many countries in the world. Some of them allow gambling at land-based casinos but hold a restriction for online gambling. Some European countries where gambling online is restricted are Greece, Turkey, the Netherlands, and Albania.

The problem with the restrictions is that governments have trouble regulating these activities. There are many ways to hide your IP address and make it seem like you are accessing online casinos from another country. Governments are yet to respond to this problem.

Is the Site Licenced?

This is a key factor to check if you want to know whether the site is eligible to play or not. Every country that legalized online gambling has commissions that issue licences and regulate online casinos. If the casino sites are licenced by some legitimate and real commission, then you are safe to play games and leave your account information.

Profits Have Processing Times up to Several Days

Usually, every winning has a processing time of 2-3 days. The money goes through numerous verification processes to make sure that everything is legal. But, the processing time can vary, depending on the chosen method of withdrawal.

This is completely normal, but the waiting time sometimes can be as long as 2 weeks, which is a bit long for someone impatient. Nevertheless, this is a standard procedure because online casinos want the money to be transferred to the right person.

It Has Advantages over Land-Based Casinos

Let’s explain how people started to favour online casinos over land-based ones. For starters, online casinos are the front in the battle against theft and corruption. They invested a lot of money in the latest SSL-encryptions and Random Number Generators to make their sites safe to play and give every player an equal chance of winning.

They are also easily accessible – all you need is a computer/phone with a stable Internet connection. You can enjoy the best casino games in the comfort of your home or any other place. To make things even better, their services are available 24/7.

Online casinos also have tons of promotions in store for every player. Free games, bonus on winnings, Welcome Offers for new players, Loyalty Programs for the more loyal players, etc. In short, they are keen to reward the people who play on their sites in every way possible.

Industry News

Genome and Chilli Partners join forces to revolutionize iGaming affiliate payouts

Published

2 hours ago

May 3, 2024

Zoltan Tundik

genome-and-chilli-partners-join-forces-to-revolutionize-igaming-affiliate-payouts

Reading Time: 2 minutes

Leading the charge in the convergence of financial technology and iGaming, Genome, a cutting-edge electronic money institution, is thrilled to announce its strategic partnership with Chilli Partners, a prominent iGaming affiliate program specializing in casino games.

The collaboration marks a pivotal moment in the iGaming industry, bringing together Genome’s expertise in online financial services and Chilli Partners’ prowess in affiliate marketing. The partnership is set to redefine the landscape of affiliate payouts, offering an array of benefits to both affiliates and the iGaming community at large.

“We are excited to embark on this journey with Chilli Partners. By combining our financial expertise with their influential position in the iGaming affiliate space, we aim to set new standards for efficiency and innovation in affiliate payouts,” – noted Genome’s CEO Daumantas Barauskas.

For one, the partnership offers efficient payouts. Affiliates can now enjoy expedited and secure payouts through Genome’s state-of-the-art financial infrastructure, enhancing their overall experience and satisfaction.

It also provides global reach for Chilli Partners, as it can extend its reach to affiliates worldwide with Genome’s international payment capabilities. This allows Chilli Partners to foster a more diverse and expansive network.

The partnership streamlines financial workflows, ensuring seamless transactions and reducing administrative overhead for Chilli Partners, allowing them to focus on delivering top-notch affiliate services.

Genome is all about innovation in payments and online financial services. This approach brings new possibilities for payment options, providing flexibility and convenience for affiliates participating in the Chilli Partners program.

Lastly, the collaboration prioritizes compliance and risk management, assuring affiliates of secure and compliant transactions in accordance with industry regulations.

“This partnership aligns perfectly with our commitment to providing the best possible experience for our affiliates. Genome’s advanced financial services will play a crucial role in elevating our affiliate program to new heights”, – added Clayton Zammit Cesare, Head of Affiliates at Chilli Partners.

As the iGaming industry continues to evolve, Genome and Chilli Partners stand united in their dedication to driving positive change, innovation, and reliability. The partnership is poised to create a ripple effect, positively impacting the entire iGaming ecosystem.

About Genome

Genome is a leading EMI that provides innovative financial services, including batch payouts, SWIFT, and SEPA transfers. With a focus on efficiency and compliance, Genome empowers businesses across various industries, including iGaming, to streamline financial operations and enhance user experiences.

For more information, please visit https://genome.eu/

About Chilli Partners

Chilli Partners is a prominent iGaming affiliate program specializing in casino games. With a commitment to excellence, Chilli Partners connects affiliates with top-tier iGaming brands, offering a lucrative partnership that includes competitive commission structures and tailored support.

For more information, please visit https://chillipartners.com/

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Industry News

Explore the future of gaming at ICE Barcelona: 20 – 22 January 2025

Published

18 hours ago

May 2, 2024

Peter Tolan

Reading Time: < 1 minute

Explore the future of gaming at ICE Barcelona: 20 – 22 January 2025

Join the most influential gaming industry professionals from throughout the world when ICE opens at Fira Barcelona Gran Via, 20 –22 January 2025. The first edition of the world-leading business event to be held outside the UK will feature a record 1,000 exhibitors following unprecedented demand for space from world gaming’s leading innovators covering every sector and every jurisdiction.

ICE and the co-located iGB Affiliate – which will occupy 120,000 square metres compared to the 100,000 sqm used in London – connect the entire global industry and provide access to the very latest cutting-edge innovations, technological solutions, regulatory updates, and insights which assist entrepreneurial businesses to enter new jurisdictions and build market share.

ICE is the event where the industry launches tens of thousands of game-changing, landmark products and where visitors can explore the future of gaming. For more information on the event where the world of gaming goes to do business and to register: icegaming.com

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casino games

BetMGM is launched in the Netherlands, bringing an authentic Vegas experience to the Dutch market

Published

3 days ago

April 30, 2024

Peter Tolan

betmgm-is-launched-in-the-netherlands,-bringing-an-authentic-vegas-experience-to-the-dutch-market

Reading Time: < 1 minute

The golden Vegas offerings and entertainment of BetMGM is coming to the Netherlands, following a successful launch in the UK. BetMGM will offer a best-in-class Las Vegas experience to deliver a new golden era of online casino and sports betting in the Netherlands. Leveraging LeoVegas Group’s proprietary technology and platform, the launch marks a significant step in the brand’s international expansion.

BetMGM, the entertainment and sports brand known for its golden offerings and authentic Vegas experience, is launching in the Netherlands. The new brand is set to provide customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclusive slots, as well as unique and compelling sports promotions. Utilising LeoVegas Group’s proprietary technology and platform, this expansion into the Dutch market represents the second European launch, succeeding a well-received rollout in the United Kingdom.

Gary Fritz, President of MGM Resorts International Interactive, said “We are thrilled to launch BetMGM in the Netherlands and build on BetMGM’s successful expansion into global markets. The Dutch market offers an exciting opportunity and will be an important part of our international expansion efforts and strategy to become a global gaming leader.”

Gustaf Hagman, Group CEO at LeoVegas Group, said “Our launch in the UK was tremendously successful, and we eagerly anticipate bringing the golden Vegas experience to the Netherlands. This launch in the Dutch market is an important step in our international expansion, but we have much more in store.”

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