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Can Online Casino Slot Make You as Rich as You Think?

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Whether you’re new to casino gaming or not, one of the games that you are most likely going to play is the game of slots. Slot machine games are fairly simple and you don’t need any gambling experience to have serious fun while playing them. You just sit in front of the machine or your device and pull the lever or push the button and wait for the results.

A game of slots can be easily thrilling especially the progressive slot games with big jackpots. A slot machine section is a place on the casino floor where experienced gamblers and newbies would be and still appear to be having some fun.

Even if you are playing slots online, you can still easily have fun and not get tired of it as you have hundreds of choices when it comes to game titles. However, many are still wondering if this game could be enough to make you earn more money than anyone can think of.

How Do Casino Slots Work?

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Well, whether a game of slots can make you rich will depend on what kind of game you’re playing. There are different types of slot machine games that you can play and each of them comes with a Return to Player Percentage or RTP.

The RTP percentage is something you should look into if you’re after winning money from any casino game. This is the percentage or amount of money that a player receives from a particular casino game after a wide range of spins.

This is the percentage of your chances of winning a slot machine game based on the previous wins that took place with the very same machine. This gives you a chance to decide whether a particular game will be more beneficial for you if you take the time and money to play it.

There are online casinos that display the RTP percentage of their regulations page. However, there are still online casinos that don’t display this and so, you may have to do more research or calculate the RTP on your own. Just know that slot machine games with an RTP of 94 percent and above are the ones with high payouts.

The higher the RTP is, the better. However, games with low RTP doesn’t necessarily mean that you should avoid them. After all, all casino games can be risky and a high RTP percentage just really means that you have quite an advantage because you know how likely a particular game pays out.

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Slot Games That Are Worth Checking Out with High RTP Percentage

Here is a list of online slot machine games that you should check out if you’re after winning a lot of money as these are the ones with high RTP percentage.

  • Carnival Cash – 95.96 percent
  • Lucky Leprechaun – 96.83 percent
  • Book of Dead – 96.21 percent
  • Cleopatra – 95.02 percent
  • Rainbow Riches – 95 percent
  • Buffalo – 94.85 percent
  • Wheel of Fortune – 94.22 percent
  • Gladiator – 91.50 percent
  • GoldFish – 90 percent
  • Mega Moolah – 88.12 percent

Another thing you should consider is the variance of slots that you will play. This is something to think about when choosing the type of slot machine game that you’d like to play. Here are three slot variances that you can choose from.

  • Low-variance Slot Games – this is a type of slot that could make you win frequently. However, since this is the case, expect that the amount you’d win is not that big. It has a low thrill if you’re after making money.
  • Medium-variance Slot Games – the wins with this type of slots are fairly frequently. The payouts may be larger and so, it’s still not that risky.
  • High-variance Slot Games – This is what you should go after if you are after winning big. These are slot games with high payouts and jackpots. However, you’ll likely have to play this for a long time to win.

Conclusion

Can you be rich by playing a slot machine game? A short answer is yes but it could take a lot of luck on your part. There are indeed winners who have earned millions of dollars by playing a slot machine game. One of the biggest online casinos wins of all time is because of a game of slot.

This year alone, the biggest win is at 20 million US dollars and this happened at the start of this year. The lucky winner won the Mega Moolah jackpot of $20,057.734.

That just shows how much money you can win from playing online slot machine games. Many players would turn to progressive jackpot slots like Mega Moolah for big jackpots but overall, you just really need to play smart when playing any casino games.

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Latest News

56 suspicious betting alerts reported by IBIA in Q1 2024

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Football (soccer) and tennis accounted for 68% of cases

The International Betting Integrity Association (IBIA) reported 56 alerts of suspicious betting to the relevant authorities in the first quarter (Q1) of 2024.

The Q1 2024 total is an increase of 65% when compared to 34 alerts in Q4 2023 and an increase of 12% when compared to the revised Q1 2023 total of 50 alerts. All of IBIA’s alerts are identified using customer account data from IBIA members, which number over 50 companies and 125 sports betting brands, making IBIA the largest integrity monitor of its type in the world.

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The 56 incidents of suspicious betting in Q1 concerned six sports, across 21 countries and five continents. Other key data for Q1 2024 includes:

  • Football (soccer) had the highest number of alerts by sport with 24, representing a 50% increase on the 16 reported in Q4 2023 and a 60% increase on the 15 reported in Q1 2022.
  • Turkey had the highest number of country alerts with 8 (five in football, two in tennis and one in basketball).
    41% of all alerts in Q1 were identified on sporting events taking place in Asia, with North and South America joint second with 18% each.
  • There were only 4 alerts identified on sporting events in Europe, which represents a decrease of 76% compared to 17 alerts in Q4 2023.

Khalid Ali, IBIA CEO, said: “The first quarter saw an increase in reported alerts highlighting the ongoing challenge our members, sports and regulatory authorities face from corrupt activity, with football and Asia dominating our Q1 report. IBIA’s alerts are supported by detailed global customer account data only available to IBIA and its membership, which continues to grow, widening our world leading market coverage. That account data provides evidentiary information that is vital for advancing investigations and imposing sanctions. IBIA is committed to continuing to work closely with stakeholders and to providing this important evidence base.”

The Q1 report includes a focus on the availability of sports betting in Canada and a comparison between the licensing approach in Ontario and the monopoly approach in the rest of the country. IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in 2028. Whereas the rest of Canada combined is forecast to have an onshore rate of around 11% in 2024 becoming 13% by 2028.

IBIA currently represents over 60% of the private sports betting operators licensed in Ontario, with Glitnor recently announced as the latest operator to join the association in that province. IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Through the IBIA global monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members have over $300bn per annum in betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.

The post 56 suspicious betting alerts reported by IBIA in Q1 2024 appeared first on European Gaming Industry News.

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Compliance Updates

Brazil’s Ministry of Finance Appoints Régis Dudena as Secretary of Prizes and Betting

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Regis Dudena, a seasoned lawyer with expertise in Public and Regulatory Law, has been appointed as the new Secretary of Prizes and Betting at the Ministry of Finance in Brazil. Dudena’s appointment ordinance is signed by Rui Costa, Minister of the Civil House.

The new secretary had already been visiting the Ministry of Finance and getting closer to the entire group at the Secretariat of Prizes and Betting, until then led by Simone Vicentini, deputy secretary.

The appointment of the lawyer is attributed to the Executive Secretary of Finance, Dario Durigan. Dario and Dudena worked together at Palácio do Planalto during Dilma Rousseff’s government.

Both worked in the Legal Affairs secretariat of the Civil House. Dudena’s name is linked to other names on the left. He has good relations with Edinho Silva (PT), mayor of Araraquara (SP).

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The SPA started operating two months ago. Since then, it had been without a permanent boss. Lawyer José Francisco Manssur, special advisor to the Ministry of Finance who coordinated the regulation of sports betting from the beginning, was the most likely to take on the position. But he was exonerated under pressure from Centrão politicians.

Bets representatives welcomed the name Régis Dudena.

From the beginning, the SPA was under the responsibility of Simone Vicentini, appointed as deputy secretary. Since then, it has edited the ordinances that defined requirements for laboratory accreditation and the sector’s regulatory policy.

Under her supervision, three laboratories have already been approved, GLI, eCogra, and BMM. Last week, the ordinance establishing the rules for payment transactions to be complied with by sports betting and online gaming operators was also published.

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Debra Martin Chase

Gaming and Leisure Properties Appoints Debra Martin Chase to Board of Directors

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Gaming and Leisure Properties Inc. announced that Debra Martin Chase has been appointed to the Board of Directors as a new independent director, effective immediately, to fill the vacancy created by the previously disclosed passing of JoAnne A. Epps.

The appointment of Ms. Chase to the Board of Directors brings the total number of directors to eight, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange. Ms. Chase has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board of Directors, effective immediately. Ms. Chase will hold her directorship until the Company’s next annual meeting of shareholders or until her successor is duly elected and qualified or until her earlier death, disqualification, resignation, or removal.

Ms. Chase is the founder and Chief Executive Officer of an entertainment production company doing business as Martin Chase Productions. She is a two-time Tony Award winning, a Peabody Award winning, and three-time Emmy nominated television, motion picture, and Broadway producer. Ms. Chase is an entertainment industry trailblazer, being the first female African American producer to have a deal with a major motion picture studio. Her films have grossed over $500 million at the box office. She brings to the Company over 30 years of experience in motion picture and television production as well as a corporate legal background.

Peter Carlino, Chairman and Chief Executive Officer of GLPI, said: “I am delighted to welcome Debra to our Board as we believe her extensive entertainment industry experience, impressive legal background and broad board experience across public companies and the arts will serve GLPI well as we continue to drive growth in shareholder value. She brings a wealth of knowledge to GLPI, which we believe is a perfect complement to the existing strengths of the Board. I am confident that she will help expand the diverse set of viewpoints that ultimately shape our mission.”

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