Pragmatic Play further extends its partnership with bet365
Pragmatic Play has recently revealed an extension of its collaboration with bet365, marking a significant step in their partnership. This expansion includes the integration of Pragmatic Play’s products into bet365’s Greece platform.
As per the new agreement, players accessing bet365’s platform in Greece can now play Pragmatic Play’s slot titles.
In addition to the array of gaming options, players in Greece will also be able to take part in Pragmatic Play’s Drops & Wins promotion. This promotion offers a combined prize pool of €2.5 million ($2.7 million) each month across participating Slots and Live Casino products.
Pragmatic Play’s expansion into various jurisdictions, including the UK, Sweden and Spain over the past year, demonstrates its commitment to providing top-notch gaming experiences to players worldwide.
Irina Cornides, Chief Operating Officer at Pragmatic Play, expressed enthusiasm about the ongoing success of their partnership with bet365. She emphasised Greece as an exciting market with immense potential for Pragmatic Play.
Earlier, Pragmatic Play expanded its partnership with Betnacional, a leading Brazilian brand.
Stakes for online slot machines in Great Britain will now have a maximum limit of £5
The government of the UK is set to implement new regulations in the gambling industry, aiming to curb excessive betting on online slot machines. Under these measures, the maximum stake allowed for a single spin on an online slot machine will be capped at £5 for those over 25 years old, and at £2 for younger customers.
Presently, online slot machines operate without limits on wager amounts, but this will change as part of the government’s efforts to address concerns surrounding problem gambling. It’s estimated that this regulation will impact the industry, costing it approximately £170 million of its annual £10.9 billion revenues.
Data from the NHS survey conducted in 2018 highlights the prevalence of problem gambling, especially among online casino players, with 8.5% categorised as problem gamblers. This rate surpasses that of brick-and-mortar slot machines and online sports betting.
Since the survey, the online casino sector has experienced significant growth, with revenues climbing from £3.1 billion to £4 billion. Notably, the majority of gamblers’ losses stem from slot machines, totaling £3.2 billion.
The Netherlands has initiated a public consultation regarding proposed measures aimed at safeguarding online casino users
The Ministry of Justice and Security has initiated a consultation regarding the play limits for online gambling. This consultation aims to gather input regarding the existing protections outlined in the online gambling legislation.
The Minister for Legal Protection, Franc Weerwind has proposed implementing a €150 loss limit for players under the age of 24. Additionally, he suggests mandatory monthly financial risk assessments for players who exceed €350 in spending. Furthermore, operators would be required to issue “customer care reminders” every 30 minutes to alert players to their gambling behaviour.
On the other hand, the leader of the Christian Union party advocates for a universal loss limit and plans to present an alternative to Weerwind’s proposals. Concurrently, the Dutch parliament will scrutinise the proposed financial penalties for online gambling violations put forward by Socialist Party MP Michiel van Nispen. This proposal includes recommendations for fines amounting to 10% of turnover for gambling operators found in breach of market regulations.
Feedback on the proposed online casino protection measures can be provided until April 3.
