Author: martha

Gaming Realms Intends to Sell 70% Stake to River UK Casino

Posted by martha on in Bingo, Blog, News / 1 Comment

On 28th of June 2018, Gaming Realms announced that it is considering a plan to sell 70% of its United Kingdom Real Money Casino B2C business to River UK Casino. Gaming Realms develops, publishes, and licenses gaming content in the United States, United Kingdom, Canada, and internationally.

gaming realmsRiver UK Casino Limited has agreed to purchase the 70% of Gaming Realms’ UK business at a cost of GBP 23.1 million. However, the deal will have to receive approval from certain third-party players as well as a majority resolution from shareholders. Gaming Realms has scheduled a meeting for its shareholders on the 18th of July 2018 and it is expected that they will deliberate on the plan and come up with a way forward on whether to accept the proposal or to decline it.

Following the press statement on the sale proposal, it was clear that Gaming Realms is implementing a plan to restructure its operation so that it can focus on content development and licensing in the international front. By selling 70% of the UK Real Money Casino business, Gaming Realms will only have 30% of the UK business and it will better focus its energies on the international market. That way, it believes it will grow and prepare for a dynamic future.

If the transaction goes through, Gaming Realms will retain 30% of its share capital while River iGaming will have 70% of the share capital issued to River UK Casino.

According to the reports released by Gaming Realms, the estimated price of the deal, GBP 23.1, will be divided and payable in parts. Specifically, Gaming Realms, on its statement, said that River UK Casino will first pay a minimum of GBP 8.4 million of which GBP 4.2 will be paid on completion of the deal (when shareholders approve the sale) and the rest GBP 4.2 will be paid together with the earn-out payment.

An additional GBP 14.7 million is estimated to be paid on an earn-out basis. However, the firm was categorical that it must be paid not later than the 31st of August 2019. Gaming Realms went ahead to explain the formula behind the GBP 14.7 and 31st August 2019 deadline by saying that it has been arrived at by considering the 70% of River UK Casino’s 5.5 times earnings before interest, taxes, depreciation, and amortization for the twelve months’ period starting 30th June 2018 to 30th June 2019. The GBP 14.7 cash amount excludes the minimum payment of GBP 8.4.

Gaming Realms and River UK Casino’s agreement indicates that Pocket Fruity, Britain’s Got Talent Games, Spin Denie, X Factor Games, and associated business will be owned by River UK Casino while Slingo.com and Slingo brands will remain under the ownership of Gaming Realms in addition to holding a minority stake in the enterprise.

 

 

32Red Gambling Company Hit with £2M Penalty for Failing to Safe Guard A Problem Gambler

Posted by martha on in Bingo, Blog, News / 1 Comment

The Swedish-owned betting firm, 32Red has been slapped with a £2 million fine. This is due to its failure to protect a problem gambler and also conferring on his VIP status.

32REDThe commission that is charged with the responsibility of regulating gambling found the company complicit in facilitating excessive gambling by one of its clients. In total, the commission noted, there were 22 incidents in which the behaviors of the said client should have been questioned and investigated but never happened.

32Red, it is alleged, allowed the said problem gambler to deposit a whopping £758,000 between 2014 and 2017. This amounted to an average of around £45,000 per month notwithstanding the fact that the said client had a monthly salary of just £2,150!

The betting firm did attempt to defend itself though. It gave evidence to the effect that the problem gambler in question had a monthly income of around £13,000. This evidence was however refuted by the regulatory agencies on the grounds that it was incredible.

Moreover, 32Red it is said only reviewed the account of the said problem gambler after he won a 7-digit amount which he quickly gambled yet again. This served to prove beyond reasonable doubts that the betting firm was, in fact, encouraging the person to gamble more, rather than abetting the practice, as should have been the case.

In light of these, the betting firm was slapped with a further £709,046 fine for the divestment of the financial gain, £1.3m payment to the National Responsible Gambling Strategy, and a further £15,000 to cover the overall costs of the investigation.

While justifying these moves, the commission’s executive director Mr. Richard Watson, had this to say, ‘Operators have to see to it that they take appropriate steps whenever they spot any signs of problem gambling. As such, they have to promptly review all the customers that they do have a high level of contacts with.’

The betting firm did admit its culpability when confronted. Furthermore, an independent third party did also audit the procedures, controls, and policies of the Anti-money Laundering commission. The recommendations made were also accepted and adopted.

There were concerns as to whether the problem gambler may have stolen the money. The commission was swift to respond though that there have been no signs or credible evidence to that effect as of now. Here is what the commission’s spokesman had to say:

‘We are not aware of the source of the gamblers wealth as of now. This is because the operator did not fulfill its mandate to the commission in conformity to the existing anti-money laundering obligations. We, therefore, are unable to comment further on the issue.’

To prevent a recurrence of the same issue in future, a complete review of all the existing active customers was effected. The affected company decided to put in place a behavior monitoring system. This is to detect and respond promptly to any such suspicious activities in future.

An independent third-party audit of AML policies, procedures, and controls with recommendations accepted and implemented. The affected company also ordered a full review of all its active customers against the revised policies.

The regulatory authority also decided to implement a raft of measures to forestall the recurrence of these problems in future. These include the introduction of a group Anti-Money Laundering or Counter-Terrorist Financing (AML/CTF) policy and the integration of the various betting firms to a single platform across companies, among others.

These measures will make it easier for the various operators in the field of gambling to monitor the behaviors of their clients. They will find it easier to share data and investigate any suspicious activities as well. With these measures in place, the likelihood of similar incidents taking place later is very minimal.

 

 

35-year Old High Controller Wins £50,000 Jackpot

Posted by martha on in Bingo, Blog, News / 1 Comment

Steven Bray, a 35-year old man, won the £50,000 National Bingo Game Jackpot at Mecca Bingo Oldham on Tuesday, 5th of June 2018. He was overjoyed to be announced as the winner as he expressed his love for bingo.

Steven joined the Oldham club seven years ago after he was introduced to bingo, as a pastime activity, by his now late parents. They were both ardent lovers and players of the game. His mother died of a heart attack in July 2011 when she was 55 years of age, while his father died in September 2017 due to the same condition.

He goes to Mecca bingo once or twice a week for the past seven years. During this time, he spends the night there having fun and playing the game. He said, “I have won a few times but this is the first time that I have won such a big amount of money.” It was a breakthrough after years in the game.

Winning the jackpot shocked him. Immediately after being announced as the winner, he said that he was still getting used to winning such a big amount. He attributed his win to his parents by saying “my mum and dad never won such a large amount of money when they were alive, so maybe the win is a gift and bit of luck from them.”

He has a busy lifestyle in which he has taken two jobs to better sustain himself. He works as a high controller for a fire station. He spends most of his time working and the only way for him to relax is by playing bingo. Coming to Mecca Bingo for him amounts to a relaxing break. He said that engaging in bingo is a thrilling experience and he loves the moment when players are waiting for the last number to be called. Steven also enjoys meeting new people at the game and this keeps his life at a balance.

At his announcement as the winner, the whole club marveled to be one of the £50,000 Jackpot winning clubs in the National Bingo game. The at the club went into cheers and jeers when they heard that Steven had won the huge amount of money as they came to him hugging and congratulating him.

According to Alastair Stewart, the business development manager at the national bingo game, the new game in which Steven won started on the 30th of April and will have lucky players winning varied monetary prizes. He narrated that the game offers a house price in every club and jackpot prices of £100, £1,000, and £50,000 on every game. He was glad that Steven was the eleventh winner of the £50,000 jackpot since the game was started.

Steven had come to Mecca Bingo that evening to enjoy himself and take a break from work. He hoped to relax with his colleagues who are bingo players and lovers participate in the game to derive fulfillment. When the moment for the last numbers to be announced, Steven could not hold his joy that his seven years in the game had yielded a mega win.

When asked what he was going to do with the money, Steven said that he would first hold a celebration party in his house and all expenditure would be on him. He would host his family members and friends and have them celebrate his win.

Steven also said he would use part of the money to pay off his mortgage. He has also wanted to go for a holiday in the Maldives since he was young and with the win, he will comfortably fund the trip.

Alastair Stewart was glad to hear that Steven was using the money for a good cause which he called “the true bingo style.” He wished him the best.

 

 

A Whopping £13.4 Million Annual Breakdown by Betfred Company

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The yearly loss has hit the Betfred Company despite the tireless effort to increase the revenue. The loss amounts to a total of  £13.4 million.

Analysts had earlier estimated GBP 90 million and a 3% improvement annually of the player base that is growing. Despite all the expected value, the Betfred made incredible loses.

Revenues as at September 24, 2017, at the privately –held bookmaker, had risen to a total of £634.5m in twelve months. The earning also improved by 3% per year to £83.3m. The Betfred retail business achieved a 17.5% turnover for the total gambling. This amounted to a total of £12.7bn.

Regulus partners reported that revenue earned online by the Betfred company increases on a yearly basis by 3% to a total of £90 while that of Tote hiked by  £12 to £329m.

Moreover, the Betfred enjoyed a profit of £32.4 m in the last year. However, despite the great success achieved in the fiscal year, Betfred is hit by an eight-figure loss. The company, therefore, blames the reduction of the goodwill on the digital assets that were impaired, higher duties of gaming, as well as rising costs for the, losses they made.

The improvements on the revenues came through the company’s efforts to add betting shops, the Totepoool business of signing a blending deal with the Jockey Club of Hong Kong and the rise of the online customer base that is unspecified. Furthermore, the anti-gambling suspects found in the United Kingdom media reported that the founder of the Betfred Company has chosen to take £10.2m dividend per year just like the divided he took up last year.

Regulus partners who are analysts predicted some of the challenges that are to face the Betfred Company as a result of the government’s plan. They suggested that the regulation changes that are to be implemented FOBTs will significantly affect the company’s revenues.

Therefore, the media notes that the Betfred Company reported that it is going to shut down nearly 900 betting shops and also fire around 4500 employees if the government implements its plan to cut the final Fixed Odds Betting Terminal stakes (FOBTs) from £100 to £2. The proposal by the UK government is meant to solve the problem of gambling.

The managing director of Betfred Company, Mark Stebbing however, urged the government to make changes to its plan because it would lead to massive loss of the job. Moreover, that would reduce the government’s tax that is generated through the gambling taxes. Stebbing further says that the government should have evidence before taking any action. Therefore, responsible gambling will remain the priority in the industry and the government should realize that the stakes take the first position when it comes to jobs.

Regulus Analysts reported that 83% of the company’s earnings are generated at the retail operations where the FOBTs reside. If the government’s plan will be executed, the FOBTs has to exert pressure on the Betfred Company. Out of this report, the Regulus Partners suggested that

Betfred core business is most likely to undergo necessary structural changes.

Despite the underlaid plans by the government to reduce the maximum stake on the Fixed Odds Betting Terminals (FOBTs), it has announced that the stake cut will not take place until the year 2020.

Fred Done the founder of the Betfred Company, during the last year in September, he announced of a broken association with the racing industries because of the many years of continuous disagreement between the betting company and the racing industries. During the last month, Fred declared a deal with the Alizeti Capital to be the initial stage in depriving its Tote holdings.

 

 

Sky Bet Announce Partnership With IWG

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Sky Bet have announced that they have teamed up with IWG to offer their full portfolio of games on their Sky Bingo site.

IWGRobert Proctor of Sky Bet has spoken of the admiration that he has had for IWG for a while. The fact that they have taken on all of the instants wins that IWG has to offer proves just how impressed Sky was. Cash Buster is one of the most popular games that IWG offer and this will be available on the Sky platform as well as a wide range of others.

The CEO of IWG Rhydian Fisher has expressed his delight at entering into a partnership with one of the leading online gambling sites. He said the partnership is proof that there is a real demand for instant win games online and that it is something that complements the games perfectly.

Games, where players are able to win immediately, have become very popular in recent years. IWG is one of the leading companies that provide these types of games. They have been growing their profile steadily since the business was started and the partnership with Sky Bet has helped to cement their reputation.

The partnership is also good news for consumers as it will increase their enjoyment of the site. It gives them access to the latest games that perform seamlessly on the site and Sky Bingo is one of the only places in the UK that you can access these games online.

This move comes after Sky Bet have announced record revenues and profits for the half year ending December 2017. They now have over 2 million customers and this is a rise of 19% compared to previous years. They attribute some of this success to the fact that they are continuing to offer new products to consumers that enhance the experience they have when they use the site. The partnership with IWG is something that is going to help them do this.

Sky Gaming have also made changes to the home screen that people see when they log into their accounts. Richard Flint, CEO of Sky Bet and Gaming has spoken of the improvements that have been made to the interface that people see when they log in. Homepages are now more personalized and give people suggestions for games that they may be interested in. This makes for a better experience for the player and is also the perfect way for IWG games to be introduced to players that may not have come across them before.

 

30 Ball Bingo Game

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30 ball bingo is the newest addition in the world of online bingo and is also the bingo variant that is more rapid. 30 ball bingo is more commonly known in English speaking nations as ‘Speed Bingo’.

In the traditional’ version of 30 ball bingo there aren’t any lines or different sorts of combinations that are winning, the only way to win is by getting a ‘full house’ before the rest of your opponents. As a means of earning the game more interesting they’ve included 2 additional winning combinations in a few offshoots of the 30 ball variant.

High Chances Prizes and Fast Game

The 30 ball online bingo game has stolen the hearts of countless bingo players. 30 Ball Bingo is not slower and more rhythmic than other variations of the sport. So if you’re after high chances for prizes and a fast game with results that are immediate, 30 ball online bingo is the game for you personally.

The one that gives the 30 balls bingo game is “Party Bingo” and is currently the only one offering this format. Most 30 ball online bingo rooms will also have live chat rooms where players may talk to one another. The draw starts and one of 30 numbered bingo balls is drawn at random. With 30 ball bingo, all you must do is fill out your 3×3 card with nine amounts that are small and you’ve won your self a prize. Nevertheless, that said, quite a few 30 ball online bingo rooms are starting to experiment and are now offering a three stage routine, similar to other variants.

We would like to suppose that players who are at present enjoying 30 ball bingo will continue to play following the novelty factor subsides, only for the interest of having options farther built up in the due course. Because of the high speed play discovered in 30 ball bingo, the chance of winning the jackpot is a lot more than in the other versions. Using higher variety of winners per hour and its rapid turnaround, 30 bal bingo can make the adrenaline rush through your veins. The more such games are invested in by the players, the more likely the operators are to develop new kinds, thus broadening our alternatives to play incessantly.

Affordable, Handy and Safe

It is affordable, handy and safe as well as the games are precisely the same as those played in a live hall what is never to love about it. In the event you managed to scrape off all 24 of the numbers on your own ticket in the very first 40 or even 30 balls called out from the dealer than you can win a huge jackpot worth up

30 ball bingo is classic bingo but at breakneck speeds churning out new draws at fleet rates allowing players to win multiple games in only a few minutes of the time. 30 ball bingo is the new kid on the bingo block a speedy, quickfire game design that’s taking the bingo community by storm. Online automatically generated daubing, which means that your numbers will be scratched off by the computer gaming applications for you personally is included by 30 ball bingo at 888 women.

Most Popular Online Bingo Game

You can register with free bingo sites that pay real cash jackpots, or can play with our free bingo game should you had desire to practice. 30 Ball Bingo is likely one among typically the most popular online bingo games to play for actual cash.

50 Ball Bingo Game

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50 ball bingo is just one of many new forms being tried out by some bingo websites that are innovative and interesting, and where it is accessible, it’s proving popular with players.

Some websites do offer totally distinct variants of the 50 ball game, the popular located is the one mentioned above on the 2 x 5 grid, therefore it is always best to familiarize yourself depending on where you might be playing.

To win the prize you’ll need to finish either the top line or the bottom line with five telephoned numbers in a row, in your ticket. There are really no free squares in the 50 ball game, and so every square must be covered. Astute online bingo operators know that different things appeal to any or all of us, and that’s why we’ve seen the introduction of many new variants, including 50ball bingo. To save you from hunting around the internet for 50 ball bingo games, lots are on several of the top online bingo networks.

Lots of 50 Ball Bingo Game Site

Due to the success and popularity of 50 Ball Bingo other software have comprised the game in their own library of merchandises in the industry like Cozy and Dragonfish Games with top leaders. Game Village Bingo added a brand new room this month featuring 50 ball bingo. Other websites to establish 50 ball bingo include tombola Gala Bingo and websites inside the Live Bingo Network.

50 Ball is added to the collection of online Bingo choices which originated from celebrated applications leader Virtue Fusion. In case your favourite brand new bingo site has 50 ball bingo, then you will desire to ensure you understand how the game is played. Games run daily from 10 am to midnight, with tickets starting from 5p. Sites do sometimes have specials, or play a somewhat different version of the 50 ball game. The highlight of the game includes the treasure chest jackpot which is fixed at £10 and full house only and the 50 ball for one line. A ticket is an individual grid of 10 squares made up of 2 rows and 5 columns.

10% Cash Back on Any Losses up to £100

You get 10% cashback on any losses up to £100, when you play in 50 ball bingo!. There are variety of jackpot games and all the rooms have a progressive jackpot. The benefits on offer are larger since you are playing along with loads of other players and also the range of top prizes is even greater.

The Bingo community gets an unforgettable taste with 50 Ball Bingo, if variety is the spice of life giving all of the full-bodied flavor possible afterward. The game uses 50 balls and every ticket has just 10 amounts that are spread over two lines as the name suggests. Here are the Chip Van room in which a game of 50 balls will be played, the landing page when you join, the Cashier section along with the foyer.

75 Ball Bingo Game

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In the 75 Ball Bingo game, our random number generator calls out at random numbers between 1 and 75. All systems basically create a random sequence of numbers which players match for their bingo cards.

In the 75 Ball Design Bingo game, a ticket is an individual grid of 25 squares made up of 5 columns and 5 rows.  Each card consists of 25 cartons out of which 24 are numbered 1 in no particular order.

75 Ball Bingo and 90 Ball Bingo because it features 24 numbers on a 5×5 grid on each ticket with one free square in the centre differ. It resembles a 75 ball game that is standard, but it is really a 90 ball game and the central square is not free.

Various Approaches to Ball Call

Players will check if they have these numbers on their cards and amounts are called at random and mark them. The numbers which can be called in a game of bingo may be drawn using various approaches to randomly create the ball call. The good thing is when you know the best way to play 80ball bingo or 90ball bingo, you then won’t have any problem picking up the gist of 75ball bingo.

Competitive Prizes

The prizes which can be found by 90ball bingo and both 75ball bingo are both competitive. Such a bingo may be played over weeks, days or months according to the problem of reaching a top level prize. Skilled players that are live and you may have a dozen or more cards per round and dozens of cards in play, respectively.

Power Ups To Win

The interesting thing about the 75ball card is the grid is broken up into 5 columns. Above all, do not forget that bingo is finally about having fun, so see the 75ball games you will never find yourself miserable with a session and which you love the most. Most games feature ‘powerups’ which give individual players an edge when using such powerups on winning the game.

A 75ball game bingo card has the word ‘BINGO’, each letter representing one column. Click the Options button in the right corner of the display to ensure it fits your needs to customize the bingo interface. To shut the Instruction Display You must choose the cross button towards the top right of the Instruction Display or press everywhere within the Instruction Display.

80 Ball Bingo Game

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Among the most interesting facets of 80 Ball Bingo is the enormous assortment of patterns available with this game. You must be 18 years or older and eligible to participate in any Side or Bingo Games provided by Ritzy Bingo in accordance with the laws of your State or Nation.

As to when the major games are these games are often scheduled so you should seek advice from the bingo website you’re playing. The edge of playing with this game online is that features built into the online bingo applications mean that much of the game session usually takes place automatically, freeing you up play side games or to chat with buddies.

Lots of Routines in Game

We’re going to clarify this farther down the line, so read on to learn fascinating and more sexy 80ball facts. 80 ball bingo additionally have many routines which are used in games. 80 ball bingo is a pretty new creation that gains from speed.
80 ball bingo definitely can be lots of fun and after all it adds somewhat of variety should you get bored with the other kinds of bingo game or used to.

Thus, in 80 ball bingo games there are 80 bingo balls accessible and players is not going to locate any number above . Just browse the reception of the website you’ve got selected and select a game of 80 ball bingo to purchase tickets for. Regardless, there’s lots of delight in playing 80 ball bingo, so make sure you take a look at .

The form is dependant on single line patterns and the bingo tickets bought is the more you will probably strike at the bingo. 80ball bingo games are played during rests between conventional 90ball games, generally in some brickandmortar clubs. You’ll see the grid located on 80 ball bingo cards differs from 90 and 75 ball bingo cards. It’s among the primary ones while 80 Ball Bingo isn’t the world’s hottest variation of the game, and it is adored by lots of players.

Extremely Appealing Game

The primary difference between the common 75 Ball and 80 Ball Bingo and 90 Ball Bingo is the speed of the game, helping to make it extremely appealing to players seeking an element of delight in the bingo sessions.

To play with the 80 ball variant of Bingo, you need to first pick the cards. 80 ball bingo bridges the difference and encompasses the finest options that come with the other 2 games. To make the game interesting, in 80 ball bingo you aren’t only looking to fill in house or a flat line that may get tedious nor have you got to keep an eye on designs that are confounding that may not be easy to recall.

The top of the card us generally headed by the word “BINGO” with each letter ordered to be sitting above an amount column. Games have more variety here because you play for structures, lines, corners, numbers, letters, or distinct patterns.

90 Ball Bingo Game

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90 Ball Bingo is the UK’s favourite online bingo game. In the united kingdom, we can not get enough of 90ball bingo, and it’s the most popular variety of the game. Dive in and begin playing with our 90Ball online bingo games that are extremely popular in the comfort of your home.

90 Ball Bingo is an exciting variation of the game which makes it a much desired type of entertainment for countless bingo enthusiasts off and online. The best part about a game of 90ball bingo is that there are three different opportunities to win three , individual prizes that are profitable, and in the first round, you have to finish the three lines that are horizontal.

3 Opportunities of Wining

Like all bingo games, the goal of a 90ball bingo game will be to dab off the numbers all to claim a full house, but there are really three opportunities to win in a 90ball bingo game, and here is just how you win. Whilst Bingo Diamond offers an assortment of 90 ball bingo games with prizes that are different, these bingo games have the exact same format.

Play William Hill 90Ball Bingo in this alltime classic numbers game for 2 lines, one line or Full House. The card to the right is a typical 90 Ball “strip” of cards and a real example of what our 90 Ball Bingo cards look like here at PalaBingoUSAcom.

There are 3 consecutive patterns that can bring you a triumph in regards to 90ball bingo games and each design has an unique prize. The game of 90ball Bingo is constantly played with almost no exception, on strips of 6 tickets each. Both of the 90Ball Bingo rooms offer a Progressive Jackpot, which can be won when a player finishes a full house in 40 calls or less.

Special tournament

The 90 Ball bingo games also can offer a progressive jackpot that may keep growing until it is often won. Plus watch out for 90 ball bingo tournament specials that may lead to some serious cash being won by you.

Six bingo tickets are contained by a strip of tickets and all 90 amounts will be featured within one complete strip of six tickets. On one strip which has a total of six tickets to be used per round, 90ball bingo is played in nearly all cases. Players can claim a free strip of tickets for each game after registering account.

An additional edge of 90 Ball bingo games is that players can buy tickets ahead of time before the game continues to be played. 90 ball bingo is normally played with all numbers in the one to ninety variety featured with strips of six tickets.