Industry News
Online casinos and slots are growing in popularity due to social isolation
If the online gaming and betting industry was consolidating its expansion before the arrival of COVID-19, social isolation has finished pushing online casinos as the prevailing leisure trend. Without risks, without moving from home and with a range of possibilities, both fans and new users always find a new proposal to tempt luck.
The main operators take advantage of this increase in demand to launch new and seductive promotions such as good casino bonuses and free spins without a deposit, which are the best way to start entering the world of Internet gambling houses and successfully attract thousands of new users every day.
Advantages of online casinos and free spins
Firstly, it is a legal gaming option that can be played from home, using the computer or mobile applications.
But also, thanks to the free runs, it is possible to get the most out of the money invested without additional costs. Basically, the user increases the profits by reducing the risk since, with the same money, he or she has a better chance of winning.
As if that wasn’t enough, there are additional rewards that can come along with these free spins, for which you need to have a good search criteria and choose the best online casino offer or promotion.
To take into account
All users, especially new ones, should be aware that there may be some ambiguity in some sports betting bonuses, as they are not always free spins without a deposit. You should also be aware that the time frames for these promotions are often short and therefore you may not always be able to take full advantage. Finally, it is sometimes necessary to make a very high profit or to bet a large amount to withdraw what has been achieved with the free spins.
So how do you know which option is reliable? There are online comparators that select the best current online casino promotions and gather them so that new users can get informed about each one in detail.
This kind of sites gather the best online casinos at the moment, based on the promotion they announce and on the users’ rating. It makes a selection in which it informs the free-spins, which are the requirements to obtain them, in which game they can be used, how the bonus package is composed and the average rating of the sports betting according to its users. This information is essential for responsible and reliable gambling.
However, it is always necessary to read the “small print” of each online casino and make sure that it has the certifications approved by the General Directorate of Gaming, which are usually found at the bottom of the websites.
How to get free spins and win with them
There are some tips and tricks to get free spins at major online casinos. Free spins have a higher probability of winning if certain guidelines are followed.
The first thing to do is to check in detail the promotion section of the portal and read the conditions in detail. Then, you can access the trial mode of the promoted slot machine, to check if you like it and if you understand the operation. It is likely that by accessing the test mode, the casino will inform the specific promotion for that game.
Another tip is to frequently visit online casino comparators, which we talked about earlier, to be aware of the latest updates.
It is also recommended to subscribe to the newsletter or alert system of our favorite online casino to find out about free spins promotions as soon as possible.
Which online casino should we choose?
Once the above recommendations have been followed, the user may have to decide between the three or four online casinos that seem to fit his expectations or launch the most tempting bonuses.
The suggestion is to choose carefully and trust the most important names. It is almost always the most prominent gaming houses that offer the best conditions for free-spins, such as 888casino, Betfair Casino, Bet365 Casino, William Hill Casino, etc.
It is also important to verify the trajectory and the quantity and quality of users and ratings, as well as read some reviews about the casino in which we will trust our leisure and money. But as we play for fun, it is also very useful to use the “test mode” of the slot machine to use it and know if it is to our liking before making the first deposit.
No matter how tempting the offer is, the premise of playing responsibly should not be forgotten.
Kutt, the leading social betting platform, announced that it closed the first quarter of 2024 with a successful fundraise of over $1 million and that it has surpassed the 10,000 user mark. The company also commissioned a study of 1000 bettors that clearly defines what social betting is and what users want — further cementing its ownership of the space.
“Betting has been a social activity for thousands of years, so it’s no surprise that consumers want the ability to facilitate and track wagers against their friends. If anything, bettors unquestionably prefer a more curated, social experience — they want to be part of a wider community and to be part of the conversation around sports, entertainment, and important events,” Sim Harmon, CEO and founder of Kutt, said.
While sports betting has boomed across the country since the Professional and Amateur Sports Protection Act (PASPA) was overturned in 2018, established gambling companies have largely stuck to the tried-and-true format sportsbooks have been using for decades — traditional sports bets against the house. But consumer desire to experience more has increased as the betting industry has matured, with 82% of bettors interested in wagering directly against their friends and other individuals through a decentralized platform, according to Kutt’s recently commissioned survey.
The survey found that, in addition to Kutt’s traditional offerings, an overwhelming majority of bettors (80%) are interested in wagering on non-sporting events, with 77% wanting to bet on entertainment, 62% interested in wagering on politics, and 60% with a desire to bet on life events. Kutt allows users to wager with friends on any event with publicly verifiable results, making it the ultimate “put your money where your mouth is” destination for fans. The survey also shed light on some compelling aspects and trends among current bettors, including:
- A higher percentage of bettors surveyed placed a wager with a friend in the past year (61%) vs. a sportsbook (60%)
- More than half of U.S. bettors (54%) have betting group chats with friends
- A majority of U.S. bettors (60%) text their friends about the progress of a bet while watching a game.
Adding further validity to the findings of the survey and the demand for a real-money social betting experience is Kutt’s recent $1 million+ institutional fundraise, led by Lightning Capital, a firm that invests in digital assets and online communities. The investment will fuel initiatives aimed at growing the Kutt community, enhancing user experiences, and expanding betting markets.
“We look for emerging companies in high-growth industries to invest in. Kutt’s enthusiastic user base, rapidly growing partnership portfolio, and their differentiated product offering were very attractive to us. We are eager to help them continue to define and own the social betting space,” Jock Percy, General Partner at Lightning Capital, said.
Trustly announced a bold pledge to boost growth for businesses across Europe. In a major move to revolutionise the checkout experience for millions of people, the payments tech firm unveils the new Trustly Growth Guarantee.
The market-leading account-to-account provider is offering clients – current and new – a fresh way to pay at the checkout. As part of this, businesses are guaranteed to see an increase in conversion rates, to as high as 98.8%, and a clear reduction in the fees they pay in comparison with traditional payment methods.
Customers will enjoy fewer steps to pay and the added efficiency of return user recognition; Trustly guarantees supercharged success at the checkout. With predictable pricing, costs will be just one amount per transaction – with no variable fees at all. Trustly also states that it is dedicated to providing a seamless integration and will include Success Concierge as standard.
The initiative, revealed only a matter of days after impressive 2023 growth results were announced for the global leader in the industry, reflects Trustly’s unwavering confidence and commitment to continuing to innovate account-to-account payments. Last week, Trustly announced a 79% increase YoY in annual transaction value – reaching $58 billion in total.
Its track record for already attracting major global clients – some examples being Meta, eBay, HMRC, Zalando and Hargreaves Lansdown – signifies that there’s been a distinct change in customer preference and merchants priorities.
Businesses are making attempts to remain innovative and ahead of the curve as millions of consumers increasingly adopt open banking-enabled account-to-account solutions instead of other more standard options when they pay.
Jussi Lindberg, Chief Revenue Officer of Trustly Europe, said: “Our market-leading payment setup embodies Trustly’s mission: to be a growth partner for our clients. We don’t just provide payment solutions; we drive efficiency and value in their businesses. Trustly Azura has delivered remarkable results, and now businesses can experience its benefits. Account-to-account payments are booming, and we’re here to help businesses seize the opportunities it offers.”
If merchants do not see a boost in conversion or a drop in payment costs – at a processing rate of at least 50K transactions each month, for three months, Trustly will reimburse three months’ worth of processing fees. The guarantee is available for both new and existing European customers and is subject to Trustly’s general terms & conditions.
The post Trustly Announces Major Move to Guarantee Growth for Businesses Across Europe appeared first on European Gaming Industry News.
Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences is set to make the most of the networking and relationship-building opportunities at Casino Beats Summit 2024 and share its groundbreaking Online gaining™ approach.
Leading a formidable team of Wazdan talent will be Chief Commercial Officer Andrzej Hyla. Joining him in Malta is Promo Tools Specialist Marcin Trafiałek, who has been nominated for the prestigious Product Manager of the Year award at the CasinoBeats Game Developer Awards 2024.
Trafiałek’s nomination recognises his pivotal role in the triumphant success of the Mystery Drop™ promo tool. Additional representatives from Wazdan’s Account Management and Marketing departments will also be on hand, eager to connect and share the latest Wazdan innovations.
Wazdan’s commitment to excellence is further underscored by its multiple nominations at the CasinoBeats Game Developer Awards 2024. The company’s exciting new titles and features are vying for top honours in various categories, including:
- Slot to Watch: 25 Coins™
- Game Mechanic of the Year: Coins™ series
- Game Feature of the Year: Coins™ series
- Game Music/Soundtrack: Book of Faith™
- Game Music/Soundtrack: Los Muertos™ II
- Game Retro-Style: Mighty Symbols™: Crowns
As a proud sponsor of CasinoBeats Summit 2024, Wazdan reaffirms its dedication to fostering a vibrant iGaming community and actively participating in industry-shaping events. The company looks forward to setting a course for success and collaboration at the summit.
Andrzej Hyla, Chief Commercial Officer at Wazdan said: “Casino Beats Summits are always fantastic events. This year sees us in the enviable position of being shortlisted for six awards which reflects the hard work our team of engineers and inventors have put into the experiences that add value for demanding players.
“We’re looking forward to meeting friends old and new at the event and sharing how we gain ground and ground gain.”
The post Wazdan set to gain more ground at Casino Beats Summit Malta appeared first on European Gaming Industry News.
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