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ATG Releases its Channeling Report for the Third Quarter of 2024
ATG has released its channeling report for the third quarter of 2024.
The report, which covers the time period from the first quarter of 2019 to the third quarter of 2024, highlights a worrying situation in the gaming industry. It shows that there is still a large proportion of gambling activities that take place outside the regulated system.
The purpose of the report is to increase knowledge about unlicensed gambling in Sweden. Through a better understanding of its scope and development, ATG wants to contribute to ensuring that the right measures are taken, so that the licensed gambling can out-compete the unlicensed and thus increase the channelisation rate.
The channelisation rate for games in the third quarter of 2024 is estimated at 70–82%, which is to be compared with the government’s goal for games with licensed operators of 90%. The ratio has stabilised somewhat compared to the previous quarter, but the long-term trend is still downward.
The result is alarming because unlicensed gambling is more likely to be linked to problem gambling.
“Unlicensed gambling is estimated to have a gross turnover of up to SEK 150 billion – equivalent to the cost of the entire Swedish primary school. To simultaneously make such high demands on us licensed gambling companies, while these enormous sums escape regulation and control, is both unreasonable and counterproductive,” said ATG CEO Hasse Lord Skarplöth.
Other key findings in the report for the third quarter:
Visitor traffic from Sweden to unlicensed companies has increased tenfold since 2019.
18 of the 20 unlicensed sites with the largest visitor traffic during the quarter had the same platform providers as the companies within the license system.
Only two of the 20 unlicensed sites were on the Spelinspektionen’s ban list.
The post ATG Releases its Channeling Report for the Third Quarter of 2024 appeared first on European Gaming Industry News.
Fast-growing online slot provider 1spin4win celebrates a milestone of 500+ forged partnerships.
As part of 1spin4win’s 2024 year in review, the young but already prominent company announces that its portfolio of 130+ slot titles is now available to half a thousand reliable casino operators on its ever-expanding client list.
Tanya Pisarchuk, Sales Manager at 1spin4win, commented, “We appreciate the trust put in our well-balanced slots by our incredible partners. 1spin4win’s timeless classics have already earned the respect of such giants as Pin-Up, Blaze, Rox, BitStarz, Lucky Dreams, RocketPlay, and GG.Bet, and we are sure that hitting the 500-client mark is just half the journey to secure an even more impressive 1,000.”
With such an achievement, the studio proves that carefully executed classic slot games remain in demand in the iGaming market. 1spin4win’s portfolio stands out with a variety of titles featuring popular Hold and Win and Bonus Spins mechanics and coin-only slots and, on top of fruit and gem themes, explores storytelling through memorable characters with compelling narratives. Focused on delivering pure gambling experiences, 1spin4win is a provider that constantly keeps evolving and offers seasonal releases: Christmas, Easter, St. Patrick’s Day, Halloween, and Oktoberfest–themed slots.
The slot provider’s growth is also attributed to its persistent focus on customer support and continuous improvement by closely working with its partners to understand their needs. 1spin4win delivers advanced packages of 10 languages and multicurrency support, including crypto, while its tailored solutions and promo tools help online casinos enhance player engagement and retention.
The company is determined to expand and solidify its presence in the LatAm market, and this is one of its primary goals for the following year.
Find out more about 1spin4win and its offers on the company website.
About 1spin4win
1spin4win is a fast-growing game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include over 130 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio consistently releases an average of three new games each month and offers effective promotional tools for casino operators to help them enhance player loyalty.
The post Classic online slot provider 1spin4win reaches 500+ clients appeared first on European Gaming Industry News.
SOFTSWISS, a leading tech provider of iGaming software invites operators to join the current Prime Network Jackpot, which began with an initial prize pool of over 1,000,000 euro. This base amount is ten times larger than the starting pool of the first Prime Network Jackpot launched in October 2023.
Operators can join the current Prime Network Jackpot at any time before the drop. The prize pool will continue to grow as more participating casinos contribute to it. Ultimately, one lucky winner from a single casino will claim the grand prize of over 1,000,000 euro.
The Prime Network Jackpot is especially appealing due to its collaborative approach: a shared prize pool is formed across participating operators, significantly increasing the jackpot’s appeal to players.
The SOFTSWISS Jackpot Aggregator, a player engagement management solution, launched the Prime Network Jackpot feature last year. Since its launch, the feature has attracted a growing number of operators, resulting in larger prize pools with every draw.
“It’s a very exciting milestone for us. Over the past year, the SOFTSWISS Jackpot Aggregator and its Prime Network Jackpot feature have evolved significantly. Beyond the hard work of our professional team, this success reflects the high interest in engagement tools within the market. In iGaming, prize size matters. I’m proud that we’ve reached a level where we can offer the best solutions,” said Anhelina Stasiuk, Head of Business Line at SOFTSWISS Jackpot Aggregator.
Recently, the SOFTSWISS Jackpot Aggregator announced the improvement of its product by introducing the Multi-Prizes feature. This new functionality enables operators to split winnings among several players or groups, offering customisable distribution methods tailored to various engagement strategies.
The SOFTSWISS Jackpot Aggregator continues to set the standard for collaboration and innovation in the iGaming industry.
About SOFTSWISS
SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts over 2000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
The post Prime Network Jackpot by SOFTSWISS Kicks Off with €1 Million appeared first on European Gaming Industry News.
Wamba Technologies, a think tank consisting of leaders in the online gaming industry, is excited to announce the appointment of Aaron Thibault as oversight for its upcoming esports venture, Gamers Oasis. This key addition comes as they move to launch their Gamers Oasis platform which allows gamers to compete for real money directly from their mobile devices.
Thibault began his gaming industry career in 1998, initially working as a sound designer and cinematic director at EA/Origin Systems. Today, he brings over 30 years of experience in game development and education. Thibault spent 16 years at Gearbox Entertainment as Vice President. There, he led major projects, including developing the billion dollar Borderlands franchise. Borderlands 3 was nominated for Best Game Design and Best Art Direction. Currently, Thibault serves as the director of games and esports at Texas A&M University. His industry knowledge will play a significant role in driving the development of Gamers Oasis, which aims to revolutionize online esports competitions.
Meanwhile, a platform like “Gamers Oasis” is only possible due to a patent that gives Wamba Technologies and Gamers Oasis the exclusive capability to offer “real money” capabilities into skill-based video games in the United States where players can actually compete for real money online (Patent 10,424,160). Their patent allows them (and ONLY them) to offer a software feature which will allow gamers to pay an entry fee into tournaments online, compete against each other, and actually win money back (where such capability is integrated into the game in some fashion). This will ultimately give developers previously untapped revenue streams and players the ability to win large amounts of real money while utilizing their skills from the comfort of their very own homes.
“At Wamba Technologies, we are committed to making esports accessible to everyone,” said Denham. “With Aaron’s oversight and experience, we will be able to move into the next phase of development and make Gamers Oasis a reality for dedicated esports players everywhere”
“What Gary and I are going to do with Wamba Technologies and Gamers Oasis has never been done before in esports,” said Thibault. “There is so much incredible potential in this patent, and we can’t wait to start putting it to use and creating a product that is going to completely revolutionize the esports industry.”
Online, real money competition (online esports) is still in its infancy, but Wamba Technologies is currently engaging with gamers, game designers, coders, programmers, esports influencers and financial consultants to aid in the development of Gamers Oasis.
In the United States alone, 215 million people play mobile video games and globally, more than 700 million people are involved with esports. Among those 700 million people worldwide, only a very small percentage are competing online when real money is involved, while the rest of the players are competing in real life (IRL) at physical locations. Wamba anticipates that when offered and monetized properly, a mere 10% of the global market share could generate $13B-$15B in annual revenue from tournament buy-ins and ad revenues alone.
Aaron is not the first major player recently signed on board by Wamba Technologies. Wamba has also previously signed Andy Ashcraft (God of War 2, God of War 3, Disney’s Cars 2, and more), Brian Upton (Lead game designer for Tom Clancy: Rainbow 6, Tom Clancy: Ghost Recon), Marty Denham (genius mind behind the Pentium wafers for Intel), Joe Bagdon (CSO, formerly Military Intelligence Cyber Security in Afghanistan), Jared Goetz (former Lionsgate VP), and a number of other “rock star” individuals behind, or working with, multi-billion dollar products/companies.
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