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Golden Nugget seems to be a small fry among the giants, but it is going one better online

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The New Jersey Division of Gaming Enforcement is out with the January 2018’s revenue for online gaming in the Garden State.

In view of this amble number of articles have been circulating in the interwebs about the NewJersey online gambling revenue numbers, including how: the state revenue hit a record territory with nearly $30 million.

This crowning achievement of 16.7% substantial and consecutive growth has awakened the green monsters of other industries. And it is estimated that a lifetime revenue of $1 billion for New Jersey casinos is a real possibility this year.

Amidst all that news hugely impacting the online gambling in its fifth year, the contribution of Golden Nugget’s revenue to those numbers seems striking.

Golden Nugget NJ vs the rest

Though Golden Nugget seems to be a small fry among the giants in the Atlantic City Boardwalk, it is going one better online.

It is for the very first time, that Golden Nugget has posted an impressive $7.3 million for January. Not only for Golden Nugget, it is also the first time a single NJ online casino earned more than $7 million in a single month shattering the previous record of $6.25 million, they had set last summer.

What is exceedingly impressive is that Golden Nugget and its family of NJ gambling sites (GoldenNuggetCasino.com, BetfairCasino.com, and PlaySugarHouse.com) generated about one-third of all online gambling revenue.

To put the numbers into perspective, its closest rival, Borgata posted an online casino revenue number of $3.5 million, which is about half of what Golden Nugget produced.

Why is Golden Nugget the NJ online gambling winner?

What is the key to Golden Nugget’s success? In short, innovation mixed with some uncharacteristic risk-taking.

The executive management team at Golden Nugget has been able to step away from the steadfast decision-making that is prevalent in the land-based casino model and treat its online gaming operation independently.

The most significant innovation came in the fall of 2016. That’s when Golden Nugget introduced live dealer games to its online gaming offerings. Live dealer games are an interactive experience where a player can chat with the dealer and other players at the table. The players take the appropriate actions, and the outcome of games are streamed live.

It has been a year and a half since the introduction of live dealer games, and they are as popular as ever.

What’s more interesting and very telling is that little innovation is coming out of Golden Nugget’s competitors to compete with them. This kind of risk-taking and out-of-the-box thinking is what will continue to secure Golden Nugget’s leadership status going forward.


Source: European Gaming Media and Events

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Russian Online Casinos Supply the Donbass Separatists

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Pro-Russian separatist groups of the Donbass War (Eastern Ukraine) receive material funds from illegal gambling business, states a recent article published in the Russian Sobesednik magazine. According to article, part of the illegal profits of the online casinos is used to finance the ongoing conflict in Ukraine.

As reported by GC Alor analysts, the black turnover of these Russian online casinos is around 200 billion RUR (2,725,065,200.00 Euro). The Majority of these online casinos are registered in foreign administrations, like Azino777 being registered in Curacao.

As experts say, many online casinos are physically based in Ukraine, where the legislation is slightly more loyal than Russian. It is allowed, for example, to develop gaming software for third-party customers. Lucky Labs company, which is linked to the online casino “Vulcan”, operates in Ukraine as software developer.

According to the Security Service of Ukraine, which conducted searches at the office of the company lately, Lacky Labs also controls the websites of CasinoX and Joycasino. The company’s office is big. It is a 4-storey building designed for 150 people. There is also a basement area where there is a kitchen and a dining room, a gym.

Lucky Labs was founded by two Russians. Because of the sanctions imposed by the President of Ukraine Petro Poroshenko, now they are not allowed to enter the country. However, Lucky Labs continues to exist. Now the company is registered by an Ukrainian citizen.

If some of the profits of illegal online casino go to pro-Russian patriotic purposes, it becomes clear why Roskomnadzor does not block their Internet addresses. The correspondent of “Sobesednik” managed to access the mentioned online casinos without any obstacles, using no VPN or “mirrors”.

 

Source: sobesednik.ru


Source: European Gaming Media and Events

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Play’n GO ‘Slots’ Into 1st Place!

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Play'n GO 'Slots' Into 1st Place!Reading Time: 2 minutes

Company celebrates EGR victory with Slot Provider of the Year Award

 

June 22, 2018 – Play’n GO were honoured at the EGR B2B Awards on Wednesday (20thJune) as they took home the highly coveted Slot Provider of the Year Award, beating out some strong competition.

The awards, held in London’s prestigious Hurlingham Club, “celebrates and rewards the very best service suppliers in the online gaming industry” and Play’n GO were honoured to have been nominated in numerous categories including Innovation in Mobile and Best Multi-Channel Supplier.

Play’n GO were recognised for their remarkable offerings in the slot market over the past year including innovative games such as Viking Runecraft, Sweet Alchemy and Moon Princessas well as many other popular titles.

CEO Johan Törnqvist was delighted to pick up the win, and believes it is a reflection of the company’s hard work.

“It’s an honour to pick up such a sought-after award, especially with the level of competition in the category. As a company we work hard to put out the finest, most entertaining, offering to our partners in the market, and winning this award is a testament to that. We have consistently been recognised in the industry for the innovative products we release and it’s our job not to rest on our laurels, but to continue innovating”

 

About Play’n GO

Play’n GO is an award-winning supplier of high quality gaming content to many of the world’s leading casino brands.  Its genuine omni-channel solution can be tailored to suit the needs of individual online and land-based partners, regardless of geographical, regulatory, or market-specific requirements. Its games are developed in HTML5 to provide an enhanced user experience on all devices and operating systems. These are complemented by superior back-office administration tools which provide expansive reporting and marketing capabilities, ensuring operators are equipped to provide the ultimate gaming experience. The supplier’s extensive portfolio was recently recognised by the award of the IGA Slot Provider of the Year 2017 title. Play’n GO currently hold offices in Sweden, Malta, Hungary, and the UK. Please visit http://www.playngo.com for more details.


Source: European Gaming Media and Events

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Poland: Accepted Changes In Taxes, Including Gambling

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Poland: Accepted Changes In Taxes, Including GamblingReading Time: 1 minute

Poland’s lower house (Sejm) has voted down five Senate amendments to a comprehensive amendment to several tax bills, including gambling.

The adopted amendments may be applied retroactively, which is to the income earned from January 1 2018.
Gamblers will be treated in a uniform manner after the changes.

Adopted by the Sejm on May 10th of this year extensive amendment to the Personal Income Tax Act (PIT), the Corporate Income Tax Act (CIT) and the Act on flat-rate income tax on certain revenues earned by natural persons; that all winnings on machines will be exempt from PIT, the tax relief for creators will be extended to the next creative professions, the real estate income tax will be larger. This applies to provisions adopted last autumn and effective from January 1st 2018.

Unlike the regulations adopted in autumn, the amendment assumes for example, that participants of legal gambling will be treated in a uniform manner. Regardless of whether the games are organized by casino operators or a company performing a state monopoly in this area, which would be Totalizator Sportowy. In line with the provisions changed by the Sejm and approved by the Senate on Thursday, winnings in slot machine games, card games, dice games and cylindrical games – regardless of which legally operating entities organize them – will be exempt from personal income tax.

In the remaining scope, the rules of taxing winnings (in numerical games, cash lotteries, mutual bets, etc.) are to remain unchanged in relation to the provisions currently in force. Pursuant to the amendment of October 27th 2017, winnings in gambling are subject to a l0% PIT tax on winning if their one-time value of winning exceeds PLN 2,280 (528 Euro).


Source: European Gaming Media and Events

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