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How Did the Pandemic Impact the Casino Industry in Romania?
Romania is known for its good gambling industry, with twenty high-class casinos spread throughout the country, offering slots, video poker, table games, and other popular casino games. However, the Covid-19 sets back Romanian gambling industry by five years, says the National Institute of Statistics or INS.
source:unsplash.com
The gambling operators in Romania had experienced one of the most devastating declines of the last three decades when it got hit by the pandemic. The local gambling industry plunged by around 24% in March 2020. Its March revenue was only around half of February’s. Then, the gambling business showed almost zero revenue in April and May.
Effects of the pandemic
Because of the situation, Game World Romania, led by Attila “Otto” Török, has prioritized the customers’ and employees’ safety. They have also prioritized the long-term business principles and have organized their activity, allowing them to adapt as fast as possible to the various changes that happened during the pandemic.
For instance, they have tried different operating hours in the hopes of returning to their 24/7 operation as soonest as possible. During that time, they have constantly been communicating with their employees and clients. They also maintain good communication with the authorities and professional associations for precise information on the newest innovations about gambling halls.
Based on the National Gambling Office’s data, the Romanian market has 250 active gambling operators. Each year, these operators contribute around EUR 600 million to the state budget. When 2020 began, the local gambling industry had around 45,000 direct employees. Moreover, a thousand others work independent and related fields.
“According to Romslot data, for each RON the Romanian gambling industry generates, the upstream and downstream industries – HoReCa, IT&C, security – generate another 5 RON,” Török said.
He also said that Game World has around 400 employees, and the parent groups have around 2000 workforce.
When it comes to the biggest challenges the Romanian gambling industry has faced, it is the challenges of the CoVID-19 pandemic. All gambling operators have implemented all the safety measures required by the law to keep the virus from spreading.
Among the safety measures are the following:
- Gambling tables and machines should be 1.5 meters apart, or barriers must be installed.
- The maximum number of players inside is one person for every four square meters.
- Players and employees must undergo temperature screening. Those who will exceed 37.3 degrees Celsius, having difficulties in breathing, severe cough, an altered state, or fatigue are not allowed to enter the site.
- Players must wear a face mask while inside the location.
Reshaping the future of the gambling industry
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The gambling industry is adopting the latest innovation in technology, such as augmented reality (AR), and virtual reality (VR), artificial intelligence (AI), and blockchain both in Romania and globally. With this in mind, it is clear that technology plays a vital role in reshaping the gambling experience.
The pandemic has brought opportunities to the market. This is especially true for online casinos, which are doing very well regardless of the situation. On the other hand, land-based casinos continue to struggle.
“For offline operators, the current situation is an exercise to adapt to the most difficult and unpredictable conditions,” says Török.
“Technology is one of the engines of this sector and the dynamic of the last few years has proven it. The industry experienced significant growth with each year that passed and the changes we will witness by 2030 will certainly be more impactful than those that have occurred since 2010,” Török adds.
Török also points out that utilizing blockchain, AR, VR, AI, and other technological innovations in all aspects of the business, from transaction security, to gambling experience and client communication, are the future of the gambling industry.
Calling all treasure hunters, thrill seekers and intrepid explorers with a thirst for the unknown – this month, popular premium casino software provider, Swintt, is inviting you back on an epic journey through the sands of time in its action-packed slot, Egypt King Book Hunt.
Set to a backdrop of a long-forgotten temple where mystic relics abound, Egypt King Book Hunt is the third instalment of the popular SwinttPremium series and this time combines simple gameplay and classic graphics and sound with the studio’s much-loved “Book” free spins feature.
Activated whenever three or more of the iconic ‘Book’ symbols appear anywhere on the reels, players will first be prompted to leaf through the pages of an ancient tome until one icon is chosen at random to be the game’s lucky symbol, after which a series of 10 free spins will get underway.
During these bonus games, any instances of the lucky symbol that complete a payline will expand to fill their entire reel – and what’s more, payouts will be awarded for all winning combos regardless of whether the symbols are adjacent or not. On top of that, further free spins can be won for landing additional book symbols and players can even opt to buy into the feature directly.
With Egypt King Book Hunt being available to play with 5 or 10 fixed paylines, players will be able to customise their experience to the level of variance that they’re most comfortable with and they’ll also have the chance to try and double any winnings they collect in an optional risk feature.
David Mann, Chief Executive Officer at Swintt, said: “The fact that the pyramids have stood for thousands of years is testament to them being a design classic – and we feel our Premium slots fall into much the same category! Combining iconic graphics and sound, intuitive gameplay and popular ‘Book’ free spins, we’re sure Egypt King Book Hunt will be a great addition.”
The post Swintt journeys back through the sands of time in Egypt King Book Hunt appeared first on European Gaming Industry News.
Leading online casino game developer 7777 gaming has joined forces with Relum, a trusted casino engine, to deliver an unparalleled gaming experience to operators worldwide.
This collaboration enables 7777 gaming to bring its extensive portfolio of over 140 thrilling games to Relum’s network of esteemed operators across the globe. Through this integration, online casinos powered by Relum will gain instant access to 7777 gaming’s engaging and diverse selection of games, such as Cash 100, Barbarian, Candy Anyway, Sea of Treasure, Diamonds of Majesty, and Cash 20x. These immersive games promise an unparalleled gaming experience, combining cutting-edge technology with engaging narratives. .
Relum, a trusted name in the industry, has rapidly ascended to a leading position by developing a state-of-the-art casino aggregation platform. The platform provides instant access to a vast array of games, boasting over 20,000 titles from more than 240 content providers through a single API integration and toolbox such as free round, jackpots, tournaments and partner success service to support player engagement and revenue growth opportunities.
Elena Shaterova, Chief Commercial Officer at 7777 gaming, shared her enthusiasm about the partnership: “Our goal at 7777 gaming has always been to set new standards in the gaming industry. Collaborating with Relum allows us to showcase our commitment to innovation and excellence. We look forward to a successful partnership that will satisfy the players’ requirements for next level of entertainment in any online casino.”
Ashot Sahakyan, Chief Operating Officer at Relum said: “Relum is committed to providing our operators with the most diverse and engaging content available in the market. 7777 gaming’s portfolio perfectly aligns with our vision, and we are confident that this partnership will elevate the gaming experience for our clients and their players.”
This partnership exemplifies the commitment of both 7777 gaming and Relum to delivering top-tier gaming solutions and reinforces their positions as leaders in the online casino industry.
The post 7777 gaming partners with Relum appeared first on European Gaming Industry News.
In May 2024, Atlas-IAC underwent a rebranding, resulting in a change of name and company design to Atlaslive, the dynamic iGaming platform. These changes were developed in collaboration with the Banda agency.
The main objective of the rebranding was to communicate the internal transformations as Atlaslive experiences rapid growth and continuous technological advancement, while also capturing the dynamic nature of the iGaming market.
In today’s world, technology is not stagnant; rather, it embodies an ongoing process of evolution that resonates with the dynamism of our surroundings. This philosophy underscores the transition from Atlas-IAC to Atlaslive. The best tech is — the more it looks alive. That’s why the company decided to embrace the concept of “live”. The descriptor of the company further reinforces this notion, emphasizing its evolution into a dynamic iGaming platform.
As a globally recognized leader in providing high-quality solutions for the iGaming industry, Atlaslive is set to redefine the landscape with its innovative technology and unwavering dedication to excellence. Maxim Slobodyanyuk, CEO of Atlaslive, said:
“We are thrilled to introduce Atlaslive. The best tech is live tech. The success of any tech is the quality of connections between people. Our tech is a living entity, not static code. Imagine technology that breathes with the world, evolves, expands, changes, reacts, and adapts to deliver the best results possible. All of this is embodied in Atlaslive.”
The company’s CEO added: “Our rebranding signifies a pivotal moment in our journey as we evolve alongside our global partners. Our strategy revolves around leadership in the iGaming industry, expanding our solutions to enhance the iGaming experience, making it more effective, profitable, responsible, and intelligent. Atlaslive is a dynamic iGaming platform that delivers unparalleled results and enriches every interaction.”
With a focus on trustworthiness, scalability, customization, adaptiveness, sustainability, and security, Atlaslive is poised to set new benchmarks in the iGaming industry and beyond. Experience the impulse of innovation with Atlaslive.
About the company
Atlaslive embarked on creating a multifunctional and automated platform designed to optimize the workflow of sports betting and casino operators. Opportunities of the Atlaslive Platform include Sportsbook, Casino, Bonus Engine, Payment Systems, Risk management and Fraud Prevention tools, Retail module, Business Analytics, CRM and CMS. Atlaslive is recognized as one of the leading Sportsbook Platforms and the absolute winner in both the “Best Sports Betting Provider” and “Rising Star in Sports Betting Technology” categories for Central and Eastern Europe. Follow Atlaslive on LinkedIn to stay updated on the company’s latest news.
The post Atlas-IAC Unveils Transformation to Atlaslive appeared first on European Gaming Industry News.
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