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Finns flock to work in Online Casinos in Malta

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It is quite well known that Malta is one of the most sought-after-places for online gambling. The reasons are not exactly rocket science. Friendly government regulations and favourable tax regimes are what attract gaming companies to this tiny island.

What is less known though is the number of Finnish citizens working in the gaming companies in Malta?   Apart from Finland, other European countries such as Sweden, Portugal, Slovenia and the Czech Republic do not allow any commercial online gambling operators and the government hold monopoly on the lottery and actual and virtual casinos. Some of the European countries, UK, Italy, Latvia, Luxembourg, Malta, Slovakia, and Estonia, have a fully or partly deregulated online gambling market.

Malta has over 300 companies in the gaming sector, employing around 12,000 people. Among those who have moved there are at least 400 Finns. Malta has thus been called “The Silicon Valley of Casinos.”

While only Veikkaus, PAF (Åland equivalent of Veikkaus) and Finntoto are allowed to offer online and offline gambling to the Finnish population, there are up to 100 international sites offering Finnish language gambling sites. Veikkaus and Paf also operate actual casinos and plenty of slot machines in Finland.

Finland’s slot machines for gambling situated in public places are exceptional for Western countries. As the cashier at a till hands over a coin as change, many Finns advance to the slot machine by the entrance in a routine-like manner to try their luck. In other Western countries, such a habit is very unordinary.

“In other countries gambling machines are usually situated in casinos, restaurants, and bars, whereas in Finland they are a part of people’s everyday life in shops, kiosks and petrol stations,” says development coordinator Tapio Jaakkola from Gambling Clinic (Peliklinikka), specialised in gambling addictions.

A valid argument offered by the government in regulated countries is preventing gambling addiction and the resulting financial crisis to individuals by limiting the amount people can gamble and on the other hand recycling the profits to the society for good causes. Veikkaus and PAF return the majority of their profit to culture, sports, research and other social causes. The third argument is the reliability of the gambling operator. Government-owned companies do not cheat.

Same could not be said about commercial online gambling sites and because of the vastly unregulated international market and difficulty of control, there is no guarantee that sites could be reliable. Several services such as Kantacasino.com have tried to solve this problem by star ranking and auditing online gaming sites based on reliability, the number of games available, offered bonuses, and user-friendliness of sites.

According to the Ministry of health of Finland, 2.7 per cent of Finns in the age group of 15–74 suffer from gambling problems at different levels. That is 110,000 Finns. Gambling problems are three times more common among men than women (men 4.7 per cent, women 1.6 per cent). The change of the age limit (K-18) in 2011 has significantly reduced gambling within the group of young males. Gambling among girls was rarer already before the amendment. There are several different sites offering help and information for people with gambling problems, such as Pluuri, Gametalk and Peli poikki.

Source: helsinkitimes.fi


Source: Latest News on European Gaming Media Network

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Criticism mount against casinos in Goa

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Casinos in Goa, India, continue to attract criticism. An organisation called Aam Aurat Admi Against Gambling (AAAAG), which means the organisation of common men and women against gambling, has asked the government to shut down all offshore gambling companies in the state.

“The Bharatiya Janata Party government had promised that the casinos would be removed from the Mandovi,” said Sabina Martins, the convenor of the organisation opposing gambling. “[late] Chief Minister Manohar Parrikar had categorically stated that within four years of his tenure, the casinos would be phased out. Instead of phasing them out, the term of the existing casinos has been extended by another six months.”

AAAAG main objection is against the new Big Daddy casino, which was added after the government’s assertion.

“Amendments and regulations are made to favour casinos,” co-convenor of AAAAG, Anand Madgaoncar said. “While the world over, regulations govern casinos on the percentage of money to be given back to players, in Goa the casinos are having a field day looting them as no such regulations are implemented. There are no accountability mechanisms to check whether those employed are free from exploitation and addiction.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Criticism mount against casinos in Goa

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Red Tiger slots go live with PokerStars in Italy

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Slots from Red Tiger, the award-winning casino game and software developer based in Malta, have gone live on PokerStars in Italy.

A number of slot titles will be introduced in the coming weeks beginning with hits Mystery Reels and Arcade Bomb.

The launch follows a similar country-specific deal with PokerStars in Denmark, with Sweden and Spain on the way.

Gavin Hamilton, CEO of Red Tiger, said: “We’re very pleased to be working with PokerStars, which is one of the biggest and most-admired brands in gaming.

We’re also pleased to be entering Italy for the first time, continuing our ambition to be the top supplier in every regulated market.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Red Tiger slots go live with PokerStars in Italy

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Tom Horn strengthens its position in Lithuania with Betsafe.lt

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Tom Horn Gaming, a Malta-based igaming software supplier, has announced its content is now available to players in Lithuania on Betsafe.lt, one of many brands owned by the leading Swedish online gaming company Betsson Group.

Betsafe.lt belongs among the most trusted online casinos, offering the best-in-class gaming content to players in Lithuania. The operator will gradually gain access to Tom Horn’s award-winning content, including its blockbusters such as Hot Blizzard, 243 Crystal Fruits, and Book of Spells.

Tom Horn Gaming was the first online casino supplier to enter the Lithuanian market. The partnership is in line with the supplier’s long-term strategy to further expand its footprint in the Baltic regulated markets, building on the popularity of its titles among players and trust and recognition it has earned among the operators and regulators in the region.

Ondrej LapidesCEO at Tom Horn Gaming said: ‘This is further evidence that our content is in high demand among players in Lithuania and we’re delighted to have joined forces with such an acclaimed brand like Betsafe.lt. I believe that with this latest partnership we will further grow our presence in the Baltics.’

Kaido UlejevManaging Director Baltics at Betsson Group added: ‘Tom Horn Gaming is a modern-thinking company that has built a reputation for developing beautifully designed games, that are packed full of intriguing features, complex math and mechanics that players love. The company has a well-established presence in Lithuania and we know that our casino offering, featuring Tom Horn games, is strongly positioned among players in the market.’


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Tom Horn strengthens its position in Lithuania with Betsafe.lt

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