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Gambling addiction affects 3 per cent of Bulgaria’s population

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A recent study reports that more than 200,000 Bulgarians (about 3 per cent of the country’s population, have some kind of gambling addiction. It must be noted that Bulgaria is one of the economically weakest countries in the European Union. Its gambling industry, however, is growing fast and has attained a net worth of around BGN3 billion (€1.5 billion, $1.8 billion).

The study revealed that around 53 per cent of the male population of the country and 44 per cent of its female population gambled last year. Scratchcards, which were recently introduced, is the most popular gambling product in the country. Companies selling those recorded revenue of BGN320 million in 2016, up 30 per cent from the previous year. It is believed that the sector has grown even further over the past two years, mainly thanks to aggressive marketing campaigns.

The study also revealed that there are three main groups of Bulgaria’s population that are at high risk of developing gambling addiction or related gambling-related issues. She has explained that young people are at the greatest risk as they are more impulsive and the parts of the brain that are dedicated to judgment and decision-making are still developing.


Source: Latest News on European Gaming Media Network

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Lottoland Announces The 4th Biggest Global Jackpot In History

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MegaMillions jackpot rolls to 654m USD – and could reach a record $BILLION by the end of the week

One lucky Brit could be in line to claim a near 500million (GBP) prize* this week after Lottoland announced its second ever largest Mega Millions jackpot.

This week’s top prize has reached a whopping 654m in USD to become the 4th largest jackpot in history – and is just two rollovers away from reaching an eye watering $1billion.

UK Lottoland players keen to claim one of the world’s biggest prize pots ever – equal to £497,206,770 in sterling* – can do so via the online betting company.

Nigel Birrell, CEO at Lottoland, said: “As ‘landmark’ moments go this week has already brought us a few, and has the potential to deliver a great deal more.

“We are pretty well versed in dealing with ‘lifechanging’ moments here at Lottoland, but to be talking about hundreds of millions – and potentially in billions – it doesn’t get much more exciting than that.”

“We haven’t seen hysteria like this surrounding a jackpot since the Powerball reached $1billion in 2016,” Nigel added.

“Make no mistake, this is a once in a lifetime moment that is about to make somebody’s dreams out there come true – believe it, you might just be the one to achieve it.”

The Mega Millions jackpot has been rolling over since the 27th July and will continue to rise until it is won, with the overall total topping $1billion by the end of the week if not claimed beforehand.

About Lottoland:

Lottoland has grown rapidly to become a world leader in online lotto. Innovation, coupled with the freedom to offer players a unique and enhanced lottery experience, has been key to the company’s success. In June 2018, Lottoland paid out €90 million to one lucky winner in Germany – this win has been confirmed by Guinness World Records as the Largest online gambling payout. This is also the biggest payout for Lottoland to date.

The Gibraltar-based business is active in 13 markets, has over 350 employees, and more than 8 million customers worldwide. Lottoland is licensed and regulated by the Government of Gibraltar, the UK Gambling Commission, the Republic of Ireland National Excise License Office, the Agenzia delle Dogane e dei Monopoli in Italy and the Northern Territory’s Racing Commission in Australia.


Source: Latest News on European Gaming Media Network

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Melco proposes eSports stadium in Japanese casino

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The Hong Kong-based Melco Resorts & Entertainment has proposed to construct an eSports stadium in its planned Japanese resort.

“It is very likely that the esports stadium [will] become one of the key components for our integrated resort in Japan. The content that esports offers will be very diverse, with the advancement of technology, by the time a resort opens in Japan,” – stated Melco’s Chief Financial Officer, Geoffrey Davis for Nikkei Asian Review.

Melco was the first casino operator to open an eSports stadium at its Studio City facility this year in Macau. Geoff Andres, Property President of Studio City Macau at Melco said that eSports is a fast-growing market segment that is constantly innovating and evolving.

“The Japan resort will attract visitors, most likely from the region,” said Davis. “Having relationships with Chinese customers can be a big strength for Melco to contribute to Japan’s inbound tourism,” he added.


Source: Latest News on European Gaming Media Network

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Pennsylvania not to allow online gambling inside casinos

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In an interesting piece of legislation, the Pennsylvania Gaming Control Board (PGCB) has clarified that it will not allow online gaming and sports betting inside casinos. Online gaming and sports betting will be soon available in the state. PGCB said geo-targeted software will be used to prohibit players from playing online poker, casino games or slots from within any land-based Pennsylvania casinos.

“The Gaming Control Board will put in place a system that, through the use of GPS software and IP Address identification, will block entry and play of Pennsylvania-licensed internet gaming if a user is outside of the state,” it was stated in a 2 page document from the PGCB. “In addition, participating in internet gaming when in a Pennsylvania casino will also be blocked.”


Source: Latest News on European Gaming Media Network

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