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Gambling Spending Surges 18% In Denmark
Danish gambling regulator Spillemindbimeden released new data, highlighting a significant increase in spending on gambling activities this February. Data released on Tuesday showed total gambling spending on online casinos, game consoles, land casinos and bets jumped to $587 million ($83.8 million). The above results showed a year-over-year increase of 18.3% compared with February 2023 data.
An analysis of $587 million ($83.8 million) in total gambling spending reported in February showed year-over-year increases across all subcategories. The lowest spending was on consoles with a $100 million ($14.3 million) gross revenue (GGR).
The land casino reported DKK 32 million ($4.6 million) at GGR. Compared with DKK 30 million ($4.3 million) in February 2023, the latest results showed a 7.01% year-over-year increase.
Danish customers' spending on online casinos has increased dramatically. In February last year, iGaming operators reported $234 million ($33.4 million) in revenue for GGR, but this year, sales have soared to $278 million ($39.7 million). The latest figures show an increase of 18.53 percent compared to last year. 바다이야기
While iGaming registered a solid increase in GGR, the largest revenue increase was observed for betting activity. Overall, February's GGR attributable to betting activity soared to DKK 178 million ($25.4 million), a stunning 32.55% increase over the same period last year. According to Spilleminden, "growth in betting may be explained by a lower RTP in February 2024 compared to February 2023."
UKGC Fines $740K Against AML, Violates Social Responsibility
The sanctions come after the gambling regulator uncovered social responsibility and anti-money laundering failures. The UK's gambling regulator, the Gambling Commission (UKGC), announced Bet365 was the latest operator to be fined for violating regulations. On Thursday, the gambling regulator confirmed that major betting and gaming companies are subject to 582,120 pounds ($737,234) of financial sanctions. The hefty fines come after the commission uncovered social responsibility failures and anti-money laundering violations (AMLs).
Gambling watchdogs confirmed sanctions had been imposed after a compliance evaluation dating back to March 2022 found failure. bet365 said it would have to pay the fines as part of a regulatory settlement. The UKGC also said proceeds from the fines would benefit socially responsible causes.
Providing more details, the UK gambling regulator said the 582,120-pound ($737,234) fine could be split into two fines to be paid by Bet365's bingo and casino product licensee, Hidden (UK Gaming) ENC, and Hidden (UK Sports) ENC, a company with a sports betting license. The Gambling Commission described the fine for Hidden (UK Sports) ENC as 343,035 pounds ($434,440), while the fine for Hidden (UK Gaming) ENC was 239,085 pounds ($302,800).
Kay Roberts, UKGC's executive director of operations, said the violations and failures found are not as serious as other recent failures by operators. "We expect high standards from operators in terms of keeping gambling safe, fair, and crime-free, and we will always take action to correct all failures," she added. Lastly, Roberts said repeated violations can extend from monetary penalties to regulatory action against operators. 슬롯사이트
Regulators share details of defects discovered
Explaining the AML deficiencies detected, the gambling watchdog said the company had inefficient customer and customer due diligence triggers. It was at risk of money laundering as a result. It also said the operator "did not undergo independent verification checks and relied heavily on the customer's annual self-verification of customer information, such as identification documents," while at the same time failing to conduct financial sanctions checks on new customers before the first deposit.
The commission, which focuses on social responsibility failures, said bet365's interactions with customers "are often not geared towards a particular customer journey or damage spectrum, so interactions are meaningless." In addition, it said the operator's early risk detection system had not demonstrated the impact of the interactions or the effectiveness of whether further action was needed.
Open an online poker site in California
Santa Ysabel Interactive is a company of Santa Ysabel Tribal Development Corporation, which launched the first regulated tribal online poker website in the U.S. state of California.
Launched in a tribal sanctuary east of San Diego, PrivateTable.com is available to adult residents who register through its website.
Santa Yabel Interactive said the new website would be a legal alternative to unregulated illegal gambling websites operating overseas. 슬롯머신
As part of the launch, Santa Isabel Interactive worked with the Canawake Gaming Commission to establish an inter-jurisdiction agreement to attract part of Santa Isabel's interactive gaming structure to the Mohawk region.
Dave Bialpando, a spokesperson for Santa Yvel Interactive, said, "We are looking forward to the opportunity to expand into Santa Yvel's successful performance in the regulated gaming industry.
Casino City Press Business Profile, Casino Network
Mike Thorne never dreamed of a career in the casino and gaming industries, but he's been on the casino network for nearly 27 years.
"It's hard to believe. It certainly is," Son said with a smile when asked that he had worked for nearly 30 years as a leading distributor of playback slot machines, parts and glass. "It's been a tough journey, but we're still strong."
The idea of starting a company was pushed behind his back in early 1996. At the time, Son lived in Minneapolis and owned a landscaping company. His neighbors had to buy many used slot machines in Reno, Nevada and bring them to the Midwest. Since Son had three relatively new trucks that could pull trailers, they asked him if he could.
Son remembered, "I jumped at the opportunity because it was an opportunity to collect my husband and wife's wealth just with a 25-hour drive."
When Son returned, there was only room in the garage to store most of the machines, but in the end, a neighbor asked Son if he was planning to take a picture and sell it, and a light bulb stuck in Son's head.
"I've always been a great networker with an entrepreneurial spirit and I know how to talk to people," said Son. "After that, I met a man who was the biggest slot seller in North America and started working with him, and eventually came up with the idea of a casino network. The rest, as they say, is history."
Today's casino network has a wide range of used parts, including touch screens, LCDs, reel strips and electronic components, supplied by manufacturers aristocrats, Bali, IGT, Konami, Spilo and WMS, supplies casino equipment from Louisiana, Mississippi, Oklahoma and the Caribbean, and supplies equipment for use in casinos in Louisiana, Mississippi, Oklahoma and the Caribbean in addition to a few properties in Mexico. His list of clients includes Borridge Resorts & Casino, IP Casino Spa and Treasure Bay Casino and Hotel, Gold Strike Casino Resort, and Sam's Town Hotel & Casino Shreveport in Louisiana.
Over the past 27 years, there have been many peaks and valleys across the casino network and the gaming industry, thanks to the recession, technological advancements, and most recently the pandemic. When the business began, it was only Son and his wife, Luwela, who ran the company. The couple moved to Arlington, Texas, two years after the casino network began, where they once employed eight people and owned a 30,000-square-foot warehouse.
Today, the business is still thriving, but employees have returned to their microphone homes and are running it from home.
"That's how it all started, and that's how we're going to go," Son said. "When COVID hit, we saw what was written on the wall and decided to reduce it. So we came into a full circle."
"But we're still here and we continue to grow. Once again, I go back to all the relationships I managed to have over the years. This is why we were able to survive and thrive. I don't mean to brag, but the casino network couldn't exist without me. I don't think anyone else could have done what I did with this business. It's just a fact."
Undoubtedly, starting work with Eric Black, president of Suncist Graphics, is Suncist Graphics' most important relationship. Suncist Graphics accounts are responsible for nearly three-quarters of the business that casino networks create, and as a bonus, Suncist Graphics and Black have become best friends.
"Working with Eric and Sunkist has been a real blessing and one of the main reasons we're still strong," Son said. "But believe me, it was not easy for us or the Sunkist to survive. 슬롯사이트 순위
"A few years ago, Eric and I used to talk and say, 'We're going to be out of business soon because all these slot machines are going to film videos and they're not using glass anymore.' But to Eric's credit, we started to provide other things that the casino needed. We had to innovate."
"Today, even as every game turns to video and new technology emerges, the industry will need talent like us forever."
And Son is perfectly happy to keep plugging in and doesn't expect to retire anytime soon, nor does he want to.
"I love this industry and I'm excited," said Son, who is expecting big growth this year when he officially adds the Philippines to his territorial list. "I love people, I love gambling, and this is a very helpful and very profitable industry. I'm not going to get any younger, but the way we prepare for the situation is really fine-tuned machines. I'm 63 and I'll probably do this until I'm 80. And I wouldn't want it any other way."
Mashantucket Pequot Tribal Nation Reopens Puerto Rico Casino
The Marshantucket Pequot Tribal Nation and Liongrove announced today that they have entered into a partnership to reopen the historic and iconic El San Juan Casino as the Foxwood El San Juan Casino. In addition to the casino redevelopment, the two partners are excited to reopen their famous Tropico entertainment venues to welcome performers, artists, live entertainment, and events to the stage once again.
The new casino will add $12.5 million in investment to the recently completed renovation of the Fairmont El San Juan Hotel, resulting in a total of $137.5 million in resort improvements. The investment and the opening of the casino are expected to generate an estimated $22 million in economic effects returning to the island, more than 150 of which will create 360 new jobs in the area, which is located in casinos.
First introduced in the 1960s, El San Juan has become one of the world's most luxurious and sought-after casino destinations, defined by its classical European style, iconic crystal chandeliers, and hand-carved mahogany panel walls. Over the years, the Tropicoro stage has featured stars such as Frank Sinatra, Tony Bennett, Sammy Davis Jr., Tony Martin, Liza Minnelli, Rita Moreno, and Paul Anka. The new identity has been named "Best Casino" by USA Today readers on numerous occasions, paying tribute to the legendary history of Foxwoods Resort Casino, which is owned by the Mashantucket Pequot Tribal State and one of the largest resort casinos in North America, and the casino in San Juan.
Located along the award-winning Isla Verde Beach at the seaside Fairmont El San Juan Hotel, the roughly 15,000-square-foot casino is equipped with well-appointed table games and slot machines with first-rate services to complement the resort's well-appointed luxury accommodation and amenities.
"Our success and experience in running the Foxwood Resort Casino in Connecticut will effectively expand our footprint and bring an award-winning gaming experience to Puerto Rico," said Rodney Butler, president of the Mashantucket Pequot Tribe. "We're teaming up with one of the most sophisticated players on the market. We believe that combining Fairmont El San Juan's famous brands with resort experience and expertise can bring real economic and employment growth to Puerto Rico. This development will not only provide guests with a unique luxury resort destination, but it will also bring revenue, value, and tourism to the region."
"Since our acquisition of El San Juan Hotel in 2015, we have been enthusiastically managing this world-renowned luxury lifestyle hospitality landmark. We completed the renovation of the $65 million El San Juan Hotel in 2017 and the $60 million restoration that will later be rebranded as the Fairmont El San Juan Hotel in January 2020 following Hurricane Maria. Currently, the Fairmont El San Juan Hotel is more receptive and exciting than ever, and with this great partnership, we are bringing one of the world's most powerful casino brands to Puerto Rico with plans to launch the island's most exciting and innovative casino at its most legendary address," said Liongrove Founder and CEO, Andro Nordarse-Leon.
Puerto Rico Governor Pedro Pierluisi attended a news conference today at the Fairmont El San Juan Hotel where Chairman Nodares-Leon and Chairman Butler announced their new casino plans. Honorary President Pedro Pierluisi expressed his support for upcoming projects that will contribute to the economic development of the hotel industry and the overall well-being of Puerto Rico. "I am very pleased with the reopening of El San Juan Casino, which can create hundreds of jobs. The tourism sector is a great opportunity for our economic development and my commitment is to improve it. The pandemic has severely impacted tourism not only on our island but also around the world, but with the emergence of vaccines, better treatments, and security measures, we are preparing Puerto Rico to receive visitors and enjoy everything our beautiful island has to offer safely. I am confident that the coming months will be important, and we will take a positive stance to resume tourism," said Honorary President Pedro Pierluisi. 온라인 슬롯
"After completing the renovation of the Fairmont El San Juan Hotel, the launch of the Foxwood El San Juan Casino is the center of Puerto Rico's nightlife and the final performance to bring the world-famous lobby to life for hotel customers," said Fairmont El San Juan Hotel General Manager Kelley Cosgrove. "We are excited to be part of the collaboration between the two high-profile brands and look forward to attracting new global customers with this vibrant amenity for Fairmont El San Juan Hotel customers."
The Fairmont El San Juan Hotel offers guests a true Puerto Rican-style hospitality and a luxurious lifestyle experience. With its 29-year tradition in resort and destination gaming, Foxwood El San Juan Casino will be the perfect addition to the mesmerizing city.
For U.S. citizens, you don't need a passport or foreign currency to travel to the island.
