Press Releases
Sweden urged to rethink restrictions as searches for ‘unlicensed casino’ surges 700%
New BonusFinder data shows 54 unlicensed operators already targeting Sweden and warns new proposals will put players at greater risk
BonusFinder.com has urged the Swedish government to reconsider its proposals to introduce further restrictions on online gambling as a result of the pandemic or risk long-term consequences of a sharp increase in black market activity.
In a formal response to a consultation on the government’s proposals, BonusFinder warned that introducing stricter measures would lead to a long-lasting diversion of players to unlicensed sites and pose a greater risk to Swedish consumers, legal licensees and the licensed market in the future.
BonusFinder has identified more than 54 unlicensed sites targeting Sweden compared to the 65 licensed operators, with the majority offering online casino. The research conducted by using Google Trends also found the number of searches for unlicensed casino brands targeting Sweden to have risen by 305% in the last 12 months.
The study also discovered that in the last 12 months searches for ‘casino utan licens’ (and other similar terms), saw a 710% growth compared to a 173% increase in ‘online casino’.
In March this year, initial BonusFinder research found that almost a third of Swedish online casino players are searching online for ‘unlicensed casinos’, with growing numbers turning to black-market brands due to the market’s restrictive gaming regulations, introduced in January 2019.
The Swedish government’s new plans include the introduction of stricter bonus limits of SEK100 (€8), as well as mandatory weekly deposit limits of SEK5,000 (€458) that would be in place for an initial six-month period from June 1.
Fintan Costello, Managing Director, Bonusfinder.com, said: “We understand the Swedish government has put forward its proposals with the best intentions to protect its citizens, but as our research has shown, the existing restrictive measures have resulted in a large number of players turning to unlicensed operators outside of the legal framework and without any protection. Channelisation rates are falling and unlicensed brands are booming.
“Our message to the government is to seriously reconsider its proposals. More stringent measures would only serve to further fuel the existing black market. The consequences of these actions would be felt for a long period of time as players lost to the illegal offering would not easily return to regulated sites once measures are lifted.”
Industry-leading provider secures license to provide slots and live content in Denmark
Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.
The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.
Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.
The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.
Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.
Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.
We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”
The post Stakelogic Secures License to the newly regulated Danish market appeared first on European Gaming Industry News.
ELA Games, a modern and trailblazing game development studio, announces the release of its latest game, Wealth of Legends. The slot aims to attract players of various audiences with its unique format, exciting graphics and captivating features.
The 5×5 game pays all ways, giving players plenty of opportunities to win during the base game, keeping the playing experience engaging. Landing a coin symbol in the special zone triggers the Hold & Win feature, which begins three free re-spins. Collect special jackpot coins for a lucrative win!
Wealth of Legends’ other core feature is its Free Spins, which players can enter when landing three Scatter symbols. During this feature, all coins stick in the special zone, giving players the opportunity to collect massive multipliers and get more chances at winning the jackpot.
David Fall, ELA Games’ Business Development Manager, commented on the release, “I’m excited to unveil Wealth of Legends and showcase our studio’s commitment to creating exciting gameplay experiences. This game combines our signature art and design with unique gameplay mechanics, and we’re confident it will become a staple game in our portfolio for years to come.”
Wealth of Legends combines a high RTP of 95.3% with unique gameplay mechanics to ensure players can experience a balance between exciting special features and a consistent base game. ELA Games implements its signature high-quality art and design with innovation to create a captivating world filled with Greek symbology.
Wealth of Legends key features:
- RTP: 95.3%
- Volatility: Low
- Format: 5-reels, 5-rows
- Paylines: All ways
- Jackpot available
- Hold & Win feature
- Free Spins feature
The post Discover the Wealth of Legends: ELA Games’ Adventurous New Mythological Title appeared first on European Gaming Industry News.
The Unit aims to grow its presence in the Americas with move to new Manhattan location in January 2025 at Bank of Ireland’s NYC Hub
The Unit, a leader in product design and development for sports betting and iGaming, will proudly open its new office in New York City, as part of its long-term global expansion objectives, in January 2025.
The Americas division was established in 2023 with the launch of The Unit’s partnership with online operator PlayStar Casino. The New York City office, located in the heart of Manhattan, will now be the hub for The Unit’s activity in the Americas.
This new base will be located at Bank of Ireland’s NYC Hub, which was launched to help Irish business owners expand their North American operations. The offices at 2 Grand Central Tower are a great asset to Irish companies aiming to expand their operations in the United States and beyond. This is an ideal location for The Unit to grow its footprint in the region.
The project will be put into practice by The Unit’s Head of Business Development & Account Management Mark O’Hare, who has relocated to New York and will be responsible for The Unit’s commercial growth in the region.
With product and development teams in Ireland and Moldova, the addition of an American hub is further proof The Unit holds an unwavering commitment to becoming the partner of choice, on a global scale, throughout the industry.
Paddy Casey, Co-founder at The Unit, said: “These are exciting times for The Unit, and with plans in place to exponentially grow our presence in the Americas across the next few years, the start of 2025 will be the perfect time for us to move into one of the most vibrant cities in the world.
“This will be the ideal addition to our existing bases in Ireland and Moldova. The flexible workspace the hub can provide will be integral to our plans and will give us the opportunity to grow the team.
“This is an excellent opportunity for us to touch base with clients in the Americas and strategise further launches. We’re looking forward to mapping out our future in the region with our team on the ground there.
“I would like to thank Mark O’Hare for making the move to New York, and I’m sure both he and his team will have the skills and experience to execute our vision for the Americas division across the long-term.”
Tania Sheikh, Manager of NYC Hub for Bank of Ireland, said: “We are very pleased to welcome The Unit to the NYC Hub. The facilities we can provide have helped businesses scale up and connect with their partners, and we are proud to offer that opportunity to The Unit.
“We look forward to hosting The Unit and wish them well in their endeavors to grow their business here.”
The Unit has solidified its strong track record of building world-class, scalable and efficient products for the sports betting and iGaming sector in recent years.
As The Unit embarks on this exciting period of growth, the company remains committed to delivering exceptional products and services to its clients. With its experienced team, best-in-class product development capabilities, and focus on innovation, The Unit is poised to shape the future of the sports betting and iGaming industries.
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