Is the iGaming sector a good place to invest?

There are not many other business sectors and industries in the world that are growing and expanding at a faster rate than the iGaming sector currently. Read more: Is the iGaming sector a good place to invest?

Is the iGaming sector a good place to invest?

There are not many other business sectors and industries in the world that are growing and expanding at a faster rate than the iGaming sector currently.

With online casino and slots continuing to grow in popularity and use each and every month, the industry certainly appears to be one that could prove to be worth investing in, but is it one that should be considered, or has it already had its time and would jumping on the investing bandwagon be a bad idea at this stage?

iGaming developers may continue to require investment

With the iGaming industry continuing to boom, it has become even more important for iGaming businesses and game developers within the sector to remain as competitive as ever before. Of course, there are still a number of opportunities to be had, however firms who do not keep things as fresh as possible may find it difficult to remain involved in the industry for a long period of time.

This is where investment could come in, as they may look for additional finance in order to be more creative, remain as innovative as possible, whilst also trying to bring new things to the forefront of the iGaming industry, thus positioning themselves at the front as potential pioneers and market leaders.

Naturally, by doing this and becoming successful, the returns that could be had in regards to the initial investment could be significant, although it should be noted it could also be costly if things do not go the desired way.

iGaming industry does not show any signs of slowing down

The iGaming sector might be growing at an astronomical rate and at speeds that have not been witnessed by any other industry, however the sector does not show any signs of slowing down in the future.

Investors only need to look to the United States of America to see the opportunities that are still available to be had within the iGaming sector. There have been a number of recent changes to laws and legislation that has allowed for the industry to enter a market that is going to be potentially one of the biggest to have ever been made available to exploit.

Governments have started to take note that they can make their own additional income from punters betting on online casino games, but with betting extremely popular Stateside, there is no reason as to why investing in the iGaming sector does not reap any rewards.

Cryptocurrency provides a unique opportunity

Most people around the world – whether they are business or tech-minded – will have heard about cryptocurrency in some form and will have an idea about how it is used. Online casinos, though, have started to pave the way for it to be used commercially, as many have already allowed their members to use the virtual currency to be used as a form of payment.

Whilst cryptocurrency can be extremely volatile and has experienced a number of peaks and troughs throughout its existence, it still provides investors with a potentially lucrative thing to back, as more and more have looked at Bitcoin and other various cryptos as safer and secure forms of payments.

Any new technological advancement and innovation will always have many excited and involved, thus providing even more opportunity for those considering to invest in the iGaming sector.

 

Read more:
Is the iGaming sector a good place to invest?

Source : Business Matters More   

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Top 5 Players’ Cases Against Casinos

Over the past few years, the gambling industry has had its share of strange accidents that have reached European courtrooms! Whenever a player file a lawsuit against the casino, millions of dollars become at stake! Read more: Top 5 Players’ Cases Against Casinos

Top 5 Players’ Cases Against Casinos

Over the past few years, the gambling industry has had its share of strange accidents that have reached European courtrooms! Whenever a player file a lawsuit against the casino, millions of dollars become at stake!

For the online gambling community, these cases become an instant trend. Basically, these issues arise as a result of the player not receiving his prize from the licensed casino. Therefore, the player goes to court to obtain his prize.

Therefore, if the casino is not holding a license the player will not be able to file a lawsuit against if an issue happens! So, we only recommend licensed Non GamStop casinos https://justuk.club/ on our guide. In these casinos, you can play safely and get your full prizes even in the worst cases!

In this article, we will introduce you to the 5 most prominent cases in the gambling industry in the last years.

1.   Phil Ivey & The British Casino Crockford

The case of Phil Ivey and the British Crockford Casino is the most well-known case in the online gaming industry. Also, it is still in court at the time of writing this article although it started in 2012!

Phil Ivey is considered one of the most skilled and famous poker players in the world. He played for the British Casio Crockfords in 2012 to win a huge prize of 7.8 million pounds. However, the casino refused to pay the player his prize on the pretext that he used “illegal methods”.

Unluckily for Evie, the court confirmed the casino decision in 2014. So, Ivey did not deserve this prize, which prompted the player to appeal against the verdict in the Supreme Court.

2.   Pauline McKee & The Isle Hotel Casino

If you are a casino player then you know that winning over $41 million is something that goes beyond your dreams! However, this did come true for Pauline McKee at the Isle Hotel Casino, where he won $ 41,797,550.16!

The 80-year-old slot player was with her granddaughter when playing IGT’s Miss Kitty at the hotel’s casino while they were on family vacation. Then, she has won a jackpot! However, what happened next proved that winning this huge prize was nothing more than a dream!

When Pauline went with her granddaughter to get their prize. The casino management told them that they didn’t approve this win! Because it was a defect in the game’s software and they will escalate a report about this issue to IGT. Therefore, the casino didn’t pay the winning! So, Macy has filed a case in the Supreme Court against the Isle Hotel Casino!

In fact, there are similar cases in which the courts verdicts were in favor of the players. However, this time the court verdict is in favor of the casino; due to the presence of rules in the game stipulating that the largest amount that can be obtained is 10 thousand dollars only!

3.   Safaa Abdullah Al-Jabri Against The Ritz Club

Although this list is about people who got prizes from casinos but their prizes were blocked. This guy’s story is a little different! Safaa Abdullah Al-Jabri is a 53-year-old Swiss businessman of Arab descent who lives in London.

This man became a subject of controversy since 2015 after he went to the Ritz Club in London. He kept playing there until his money ran out! However, he did not stop playing, rather he wrote a check of 2 million pounds in favor of the casino. So that he could continue playing roulette! But he did not win at all! Moreover, he did not pay the check; claiming to be a famous gambling addict. Therefore, the casino was not supposed to let him in or agree to his check!

This forced the casino to file a lawsuit against Al-Jabri. However, the business man was smarter than Ritz Club, as he declared his bankruptcy before the case was filled to the court! Nevertheless, he was sentenced to 10 months in prison for contempt of court.

4.   Bruno Venture vs. Aerobet Casino

In 2009, 41-year-old Italian player Bruno Venturi was enjoying playing at Eurobet Casino, taking home a whopping £ 650,000 prize after wagering just £ 18 on Sixty Seconds game.

However, the casino refused to pay the player’s win! Arguing that this result was due to a “technical defect”, which forced the player to resort to the court.

However, the court verdict was in favor of the casino! Since that this defect was in the terms and conditions. “The defect caused only one bet, which he placed, to be settled on 6 spins, which give him higher odds of winning unlawfully.” the head of the casino operator company.

5.   Christian Heinz vs. Two Swiss Casinos

The case of the gambling addict Christian Heinz is the oldest on this list! In 2004, Heinz filed two cases against two casinos owned by Casinos Austria. Claiming that he had visited those casinos more than 100 times from 1997 to 2000. During these years, he had lost a lot of money due to his gambling addiction.

He claimed that the casino and its management were fully aware of his condition. However, they did not prevent him from playing! Rather they exploited and manipulated him to keep him as long as possible.

Federal Supreme Court of Switzerland uphold €2.5-million verdict against Casinos Austria company.

Read more:
Top 5 Players’ Cases Against Casinos

Source : Business Matters More   

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