In this weeks in online casino gambling news podcast and video we discuss Atari Set to Launch a Crypto Casino and Gaming Token and Caesars Entertainment UK Hit With Massive Gaming Penalty. After that we discuss Online Casinos Move Towards Provably Fair Games and UK Casino Players Move Gambling Activities Online.
One of the oldest gaming companies in the industry is making plans to launch an online crypto casino. Atari has the site up but it is yet to be functional. Atari Casino is touting no local restrictions, faster payouts and bigger betting limits as the three main features. There will be a mix of traditional online titles as games of chance. The company will also offer some original Atari titles as games of skill. There will also be games that offer a little of each. Site currency will be in the form of the official Atari Token. There is no mention when the site will go live.
Online Casinos Move Towards Provably Fair Games
The proliferation of online casino sites continues in a rapidly expanding marketplace. A main point of difference with many new sites tied to blockchain technology and provably fair games. This unique approach to online gaming adds more accountability to casino operators. Games employ Random Number Generators (RNG) to ensure fair play. They also use data-tracking technology for keeping and storing actual results. The goal is to implement transparency and accountability to the gameplay experience. Blockchain allows you to encrypt data on a digital ledger. This can record results of games and hands, winnings and player payouts.
UK Casino Players Move Gambling Activities Online
Stay at home orders in the UK because of the coronavirus is driving increased interest for online casino sites. Companies such as 888 Holdings Plc, Gamesys Group Plc and Playtech Plc have all experienced more online interest in their casino games. Losses have still impacted the price of each company’s stock price. Yet, Gamesys Group has faired the best of the three so far followed by 888 Holdings. Playtech stock value is down 56 percent over the past month. William Hill maintains a strong presence in the online sports betting industry. That company’s stock has lost 77 percent of its value.
Caesars Entertainment UK Hit With Massive Gaming Penalty
An extensive investigation by the British Gambling Commission resulted in a record penalty for Caesar Entertainment UK of 13 million pounds. This is the largest fine ever levied for “serious systematic failings” as the Gambling Commission phrased things. Caesars operates 11 casino venues across the UK. The company accepted the ruling that also cost three senior managers their personal licenses. The main infractions pertained to total gaming losses by individual players. The worst was a 1.6 million pound loss over three months. Another was a 15,000 pound loss by a retired postman. The failings in this case were deemed extremely serious.
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