News from the Italian Gaming Market

August 22nd, 2011  |  Published in Casino News

Several years back Italy opted for limited regulated online gambling regulations which focused specifically on online poker tournaments. In the middle of July 2011, the operators licensed by the Italian Regulatory Authority started delivering online casino games. Furthermore, November 2011 is the date for online poker cash games.

Turnover Tax

In the European Continent, regulatory authorities are levying a tax on the turnover of online gambling. The Italian regulatory body accepted the recommendation from the online gaming industry and enacted the 20 percent to gross profits. Analysts are closely monitoring the taxation policy to see if it generates the predicted revenue. If the revenues are not close to the predicted number, the regulatory body will switch to turnover taxation.

Rise in Gaming Volumes

Since the enactment of online gambling, Italian players have flocked to the activity in droves. Gaming volumes continue to increase between three and ten times higher per week than the past. Turnover estimates for the Italian gambling market for 2011 surpassed 10 billion Euros. For 2012, the estimates are at over 20 billion Euros. There are two contributing factors for the predicted success: launch of online slot games and entry of foreign operators.

Advertisements Boosting Participation

Immediately following the launch of online casino games, television and online advertising campaigns were released. This contributed to the significant growth of online gambling in Italy. Those operators who have already applied for the license are attempting to enter the market and immediately grab a large share prior to the competition.

Playtech’s Involvement

Leading online gambling software developer, Playtech, is now one of the largest companies in the Italian market. Playtech was the first online casino to complete the testing process for the online casino while complying with regulatory bodies. There are also several Playtech licensees operating in the Italian market including Buoniorno, Sisal, WHO and SNAI. Each casino delivers a variety of Playtech games to its players.

Additionally, Playtech has been offering online poker tournaments at these casinos since 2008. The success of these tournaments is attributed to the iPoker Poker Network. Beginning in November 2011, Playtech will be providing cash games.

The Italian online gambling market appears to be running smoothly with several important dates coming in the near future that will expand the activity. Also, with the entrance of foreign operators, taxation levels will rise for the country. Given the current financial landscape of Europe, this will significantly help the country.

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The Return of Playtech

August 5th, 2011  |  Published in Casino News

Listed in the AIM exchange, Playtech is one of the leading online gaming software providers. However, toward the end of 2010, beginning of 2011, the company took a brief hiatus where they did not release any games or have any new developments for several months. However, Playtech recently released the second quarter financial results which are excellent and prove the company left off where they began.

Improved Figures

The software provider recorded revenue increases in all gaming categories except poker. Total revenues increase to 39.6 million Euros with casino revenues increasing 27.3 million Euros. As a result of these incredible quarterly results, it is clear Playtech remains the market-leading software provider for the industry.

Ventures and Developments

From a business development standpoint, in the second quarter Playtech engaged in a joint venture entitled, “SciPlay” which was chosen by the California Online Poker Association to provide an intrastate online poker platform. Also, the company entered the Spanish gambling market in partnership with Casino Gran Madrid. Furthermore, Playtech completed a deal with PT Turnkey Services. These recent developments reflect the success of Playtech’s ongoing investment.

Long-term Developments

On a more long-term note, Playtech announced the purchase of mobile gaming specialist Mobenga as well as a 10 year licensing deal with Gala Coral. The latter is one of Playtech’s largest contracts ever which is expected to award Playtech 5 million Euros per year. The deal involves Playtech supplying Gala Coral with a variety of online gambling products including its IMS platform and Virtue Fusion Bingo network. The current software suppliers to Gala Coral include:

  • Ash Gaming
  • Betrade
  • Game Account
  • IGT
  • Ongame
  • Jadestone
  • Geneity
  • Chartwell
  • Cryptologic
  • Evolution

No Objections from Other Partners

Ironically William Hill Online, a joint venture partner of Playtech, did not raise any objection to the new relationship. This is surprising because of the legal battle they enacted for Playtech’s attempt to create a contract with Ladbrokes. The main difference between the two is Ladbrokes was a joint venture and Gala Coral is a supply agreement.

Playtech has really kicked back in to gear with new games, new deals and exciting new developments for online players. Once Playtech gets on a role, the online gambling industry should expect big things in the future. Perhaps the hiatus was to concoct a robust strategy and explode back into the online gambling industry. If that is the case, their strategy is working.

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July Events at Omni Casino

July 6th, 2011  |  Published in Casino News

Canada Day is celebrated in the country on July 1st of each year. In 2011, Omni Casino decided to with all Canadian players a happy and safe Canada Day by awarding them a special bonus. For the special day, Canadian players were eligible to receive a 100 percent matching bonus up to $100 on their initial deposit of $10 or more.

Canada Day Promotion

At the same time as the announcement of the Canada Day promotion, the Omni Times newsletter also previewed other major promotions for July 2011. First, the Crazy Cash Table Games event is expected to add many more players to the various table games offered by the casino operator. The event will offer cash back features mini contests and deposit bonuses. The dates of the promotion have not yet been released.

Beat the Heat Tournament

Another upcoming promotion is the Beat the Heat online slot tournament which will begin on July 15th and end July 31st. The guaranteed prize pool is set at $9,999 with more details to come as the event approaches. The Christmas in July promotion will begin on July 25th and end July 29th. Like the Beat the Heat tournament, further details of Christmas in July will be announced in the near future.

Sizzling Summer Cash Bonus

Additionally, Omni Casino recently introduced the Sizzling Summer Cash bonus which will begin July 6th and end the following day. The casino will match 120 percent of the deposit with a minimum of $30 and a maximum of $80. The giveaway is available on the first deposit made on July 6th and the first on July 7th. Other regular bonuses are also available such as the Super Value bonus on July 5th.

No New Releases

The most recent edition of the Omni Times did not mention the release of any new game in July. However, the industry rumor is that Playtech has several new games line up for release. Currently, Top Trumps Celebs is the most popular game at the casino followed by Pharaoh’s Secrets and Kong.

These upcoming promotions will be an excellent opportunity for players to pad their pockets. Tournaments, bonuses and other events are expected to be extremely exciting and improve the amount of traffic at the casino. Since no new games are scheduled to be launched in July, this is an excellent opportunity for players to add money to their wallet by playing on games they are familiar with.

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Golden Palace Online Casino Receives a Makeover

June 17th, 2011  |  Published in Inrodution

In early 2009, Golden Palace online casino received a makeover that completely remodeled the entire site. The operator has once again decided to change the site to make it more attractive and appealing to gamers. For those on the fence about joining, the new website will certainly tip the scales. Two aspects of the old website have been retained; the Golden Palace logo and the “Since 1997” information.

Peace of Mind Graphic

However, this has slightly changed as well to read, “Safe and Secure Since 1997” to emphasize that the casino is safe with reliable transactions. To further illustrate this point, there is a graphic on the homepage entitled, “Peace of Mind” which links to the Frequently Asked Questions sections. This section answers many areas of concern by potential members.

New Icons

At the bottom of the homepage are six icons that list the partners of the casino; each related to safe and secure online gambling. Playtech is the software developer, the Alderney Gambling Control Commission is the jurisdiction of regulation and Technical Systems Testing is the certifying agency for fairness and the random number generator.

Other Safe Gaming Icons

The casino also boasts the seals of the Internet Content Rating Association and Home Gambling Network. This indicates that significant precautions have been taken to ensure minors are not able to access the website. Additionally, Gamblers Anonymous and Responsible Gaming are listed.

Two Categories of Gaming

Golden Palace has also decided to highlight two categories of gaming; Marvel Jackpots and live dealer games. Marvel Jackpots offers some of the most popular online slot games available because they are based on superheroes from Marvel Movies. Live dealer games are also popular, especially with the revamping of a live dealer studio by Playtech.

New Welcome Bonus

With the change in website there is also a change in welcome bonus. Unfortunately the multiple deposit bonus of up to $5,150 has been eliminated. The new welcome bonus offer is 100 percent matching up to $300. Despite the significant downgrade in bonus, the excellent VIP program has not changed which continues to deliver attractive bonuses.

Upcoming Events

Furthermore, a new graphic has been added which depicts a red carpet to display upcoming events. Currently, the event is the crystal anniversary contest to celebrate the 15th year of Golden Palace casino. On January 2nd, 2012, a lucky draw ill be held that sends one player on a cruise. Despite the new face, Golden Palace online casino continues to be an industry-leader and excellent site to place wagers.

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Money Storm Online Tournament

June 14th, 2011  |  Published in Casino News

Omni Casino recently posted on their website, “There’s a storm brewing out there and the weather forecast is calling for heavy rain, winds of 100 mph and hail the size of $100 bills!” This was their descriptive introduction to the Money Storm $8,888 Slot Tournament that will begin on June 15th, 2011. The upcoming competition has been discussed in The Omni Times newsletter several times in an effort to promote the contest.

Multi-Level Competition

The complete details of the contest are no available and players will be able to select their favorite slot games to play. The competition is scheduled to end on June 30th. The Money Storm Tournament is a multiple level competition featuring three betting ranges: low, medium and high. This allows the low rollers to not be pitted against the high rollers in a wagering competition. Also, as soon as players begin wagering during the promotional period, they are registered.

How to Earn Points

For every real money spin on a 15 to 40 payline slot game, the player will earn a single tournament point. At the end of the competition, players will be sorted onto a leaderboard in their appropriate category based on the average wager throughout the event. Players will be ranked according to the number of tournament points earned. The designated number of winners in each category will split the prize pool. Each Monday, Wednesday and Friday the leaders will be posted on the website.

Ride Out the Storm Prizes

Also, the contest offers a “Ride out the Storm” prize for players who accumulate 75,000 or more tournament pints of $0.45 or more throughout the entire tournament. This will award an extra $200. While waiting for the tournament to begin, players can take part in the Pre-Tournament Point Booster until June 14th. Those that wager real money on designated slot games will earn up to 2,500 in tournament points thus giving them a head start. One eligible game is Tennis Stars.

Omni Casino Company Information

Powered by industry-leading online gaming software developer Playtech, Omni Casino is one of the best casinos on the web. Also, The Omni Times Newsletter is the best in the industry as it publishes upcoming events, promotions and bonuses as we as news from the casino. It keeps players informed and interested in the happenings at Omni Casino. Participate in the Money Storm tournament to pad your pockets with cash.

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Get Ready to See Some Green With Dollar Ball Progressive Slots

May 25th, 2011  |  Published in Gambling Games

Popular online gambling newsletter, the Omni Times, recently announced Omni Casino will be promoting the new progressive slots game, Dollar Ball. The newsletter also featured a variety of other promotions current occurring at the casino in addition to the celebration of popular slot games and big winners.

Created by industry-leading online software developer, Playtech, Dollar Ball slots is a game exclusively available to Playtech-powered casinos. Specific slot games feature the Dollar Ball feature that can be enabled simply by click the button at the top right of the screen. Players are then required to select five numbers between 1 and 49. Then the main slot machine reels are spun and five random numbers will appear on the screen.

Every number that coincides with the selected numbers will receive a payout according to the following structure. A single match equates to a payout of 25 times the bet, four matches distributes 1 percent of the total progressive jackpot and five matches awards the entire jackpot. Omni casino recommends the follow Dollar Ball slot games:

  • Golden Tour
  • Captain’s Treasure
  • Greatest Odyssey
  • Football Rules
  • Desert Treasure
  • Lotto Madness
  • Dr. Alien Hunter
  • Lovemore
  • Forest of Wonders
  • Geisha Story
  • Silver Bullet
  • A Night Out

On Saturday, May 21st, 2011, players were given the opportunity to access the Golden Games bonuses. Therefore, players received one of the following bonuses based on the first deposit made that Saturday. Deposits between $10 and $30 awarded players a 150 percent matching bonus up to $45. Those between $31 and $80 distributed a 125 percent matching bonus up to a maximum of $100.

Deposits between $81 and $900 gave players a 100 percent bonus up to $150. These bonuses could be used to wager at online slot games at the Omni Casino. Friday, May 27th, 2011 will feature the same promotion. The only requirement is players must wager at the casino on that specific day. The promotional random number generator will distribute 50 winners who will receive awards from $5 to $150.

Currently, the most popular games to wager on at the casino are King Kong and Top Trumps Celebs. The third most popular game is Pink Panther. Dollar Ball progressive slots add excitement to a slew of already exciting games. The payouts are fairly good. As a result, Dollar Ball slots have become a popular new feature at Playtech slot games.

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Playtech’s Financial Results for Q1 of 2011

May 10th, 2011  |  Published in Casino News

Playtech recently release its financial results for the period from January 1st, 2011 to March 31st, 2011 and they are positive in nature. The gross income has risen 20 percent with total revenue increasing by 16 percent compared to the first quarter of 2010. Overall, online casino gaming revenues have increased by 23 percent in comparison with the first quarter of 2010 but have decreased when compared with the fourth quarter of 2010.

The Financial Numbers

One important indicator of Playtech’s success is their share of profit from William Hill Online. This is currently estimated at 9.9 million Euros, up from 34 percent compared to the first quarter of 2010. This is also a significant increase of 41 percent from the final quarter of 2010. Experts find this of interest due to the continuing dispute between William Hill and Playtech. Upper-management in the Playtech organization has also reported an increase in daily activity for this past quarter.

Recent Acquisitions

Also, Videobet has recently been acquired by Playtech and is on schedule to complete the require contracts in the United Kingdom. There are currently over 17,000 machines that have been converted with the remainder expected to be completed sometime in the second quarter of 2011. Additionally, Playtech is maintaining a heavy focus on the Italian gaming market. The company was the first to launch a 250 Euro buy-in tournament under the new Italian gaming laws.

The Italian Gaming Market

Therefore, one Italian regulations are implemented; Playtech will be ready to go. This is not far off as many online casinos have been approved with many more moving through the process. Playtech has also received a provisional license from the jurisdiction of Malta with regards to its Live Casino project and the company is currently finalizing agreements with several new licensees through multiple jurisdictions in Europe and elsewhere.

Playtech’s Future

The Chief Executive Officer is confident of Playtech’s ability to enter a variety of jurisdictions while establishing long-term regulatory mechanisms. As a result, Playtech has developed a policy to continue positioning itself to utilize every new opportunity available from regulatory bodies. One example of this leverage is the recent acquisition of PTTS.

Playtech has many concurrent projects across several countries. The company’s expansion strategy appears to be on track and should prove to be successful in the near future thus keeping them at the forefront of the online gambling industry.

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Jackpot Pool Reaches $3 Million

April 19th, 2011  |  Published in Casino News

The jackpot pool of a single online gaming software provider is the total amount of all progressive jackpot games. However, when a player places a wager at a specific progressive jackpot game, they are playing for only the amount of that game, not the entire network. However, online casinos boast the total amount of the jackpot pool to draw in new players.

The Total Network Jackpot Pool

Currently, the total network jackpot pool of Playtech is over $3 million. The current largest jackpot is found in the Marvel-branded online slot games. The tiered jackpots known as, “Ultimate Power”, boasts a jackpot with the current value at $693,527 and growing. However, this is a networked amount among all Marvel-brand games like Iron Man and Blade.

Ultimate Power Jackpot

The jackpot features four independent levels with entry into the jackpot set randomly. Since Ultimate Power is the largest of the networked jackpots, it is hit the least often, being only hit twice since its creation. Of the two hits, the average amount was $843,403 so players are expecting this soon.

Older Jackpot Games

The second largest jackpot is Gold Rally, an older but popular online slot game. The jackpot is currently at $661,369 and growing. The highest the jackpot has reached during its three years in existence is $2 million. The last hit was two months ago for $1.6 million so players prefer to wait until the amount passes $1 million. Beach Life is another popular vintage game with a higher jackpot currently at $146,849.

Jackpot Darts

Additionally, Jackpot Darts progressive games are two other major contributors to the Playtech pool. Jackpot Darts $3 is currently paying out $312,062 while Jackpot Darts $2 is set at $204,090. With both games, if the player wagers on all darts hitting the bull’s eye, they will win the jackpot. If only one or two hits the bull’s eye, a fixed payout of 20 times and 2,000 times the bet are awarded to the player.

Queen of the Pyramids 25c

Queen of the Pyramids 25c is the last largest contributor in the Playtech portfolio. The game is a nine payline online video slot game featuring a coin size of 25c. The jackpot has accrued to $166,382. Queen of the Pyramids 25c is a QuickFire progressive slot game that hits on average twice per week.

Based on historical trends, it appears as if each of these games is on the cusp of hitting, making one player a very happy individual. Playtech has always offered a variety of excellent games and large, fun progressive jackpots to match.

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A Grand Royal Wedding Promotion

April 18th, 2011  |  Published in Casino News

With the approach of the Royal Wedding on April 29th, 2011 between Prince William and Kate Middleton, Golden Palace online casino has decided to launch a promotion to honor this momentous occasion. The casinos motto with regards to this recent promotion is that if you were unable to be on the guest list of the Royal Wedding, you will still not miss out on the fun.

Create Personal Wedding Invitations

Golden Palace has also developed a new tool that allows players to create wedding invitations. Users will be able to change the name and backdrop on the invitation, upload images, edit those images and preview the invitation prior to emailing it to their friends. Golden Palace has made several creative suggestions such as, replacing the current photo with a member of Kiss or adding their pet. The opportunities for creativity are endless.

Commemorative Crown Jewels Condoms

This tool does not relate to the promotion in any way. The actual promotion offers an interesting souvenir. Those players who make a deposit from now until May 6th will be sent a free package of Commemorative Crown Jewels Condoms. These are considered collector’s items and the description reads, “These condoms of distinction promise a royal union of pleasure and are creating quite the stir before the Royal Couple’s big day.”

Terms and Conditions

To be eligible for this promotion, participants must be Golden Palace online casino members with a real-money account. Also, players must make a deposit of at least $25 then send an email to customer service with a subject line that says, “Royal Wedding” and the username and address in the body. The Commemorative Crown Jewels Condoms will then be delivered in six to eight weeks. This is certainly one of the stranger but innovative promotions from any online casino.

Appealing to the Masses

Powered by industry leading online gaming software developer Playtech, Golden Palace casino is licensed and regulated by the Alderney Gambling Control Commission, a reliable jurisdiction. Golden Palace online casino has created a way to offer players a different type of bonus. This will definitely appeal to those in the United Kingdom and players who are intently following the wedding.

When future events are announced across the world, such as the Royal Wedding, be sure to check in to Golden Palace online casino to see what type of interesting new promotion they have to celebrate that occasion.

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New Casino Launched from Playtech

April 6th, 2011  |  Published in Casino News

Powered by Playtech software, a new online casino is scheduled to go live beginning Friday, April 1st, 2011. The operator is Integra Gaming Limited and the license for this new casino has been registered by the Lottery and Gaming Authority of Malta. Known as the “Grand Duke” casino, Integra Gaming has promised to deliver an elite gaming experience different from the competition.

The casino will be opening with over 150 Playtech games that are downloadable and Flash-based including table, card and slot games; all of which feature incredible graphics, crisp sound and an unmatched user interface. Some of the most popular Playtech slot games will be available including:

  • Gladiator
  • Fantastic Four
  • Geisha Story
  • Frankie Dettori
  • Kong

A representative from Integra Gaming states that the customer service quality, bonus program and player’s club will cater to players of all different needs and requirements thus taking the idea of “putting the player first” to a new level. Also, customer support will be available around the clock to ensure players are having an enjoyable casino experience.

The gaming website is currently available although the casino has not yet gone live. This gives interested players the opportunity to see the details the current offerings. There are four player’s club levels currently available with each rising in royalty level. The first stage is “Count” which offers benefits up to $7,000. Players will receive a total of $1,200 for 100 percent matching on deposit bonuses with no time restrictions.

The financial package for the “Marquis” level equates to $10,000, the “Duke” level equals $15,000 and the “Grand Duke” level is worth $22,000. Also, each week, Grand Wednesday offers players a 50 percent match on all deposits made that day up to $5,200 per year. There is also a monthly Remy Martin XIII Cognac giveaway which is valued at $1,500.

The graphics and detail of the casino give the appearance of English courts with the Grand Duke stating, “In times past, the aristocracy formed exclusive gaming clubs where they could meet and relax in an exclusive, genial environment, playing games of their choice among friends of similar status. Today, we seek to re-create that atmosphere and to give you the chance to become part of an online gaming aristocracy.”

The bonus structure alone already makes this casino unique and innovative. As soon as the casino goes live be sure to check it out to cash in on the generosity of Integra Gaming Limited.

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