online casino

A large number of people worldwide love gambling and trying their luck for riches beyond their dreams or just some extra cash on the side while having fun. The online gambling casino industry has been growing in popularity for years, and it has made some significant impacts on our lives.

Online casinos should be subject to maximum stake limits similar to the £2 limits imposed on fixed-odds betting terminals (FOBTs), according to a report released by a group of MPs who are demanding a “root and branch” overhaul of gambling law.

Three years ago, Manila opened its door to online casinos. Sixty companies secured licenses for Philippine offshore gaming operations, known as “POGO,” many of them launching operations targeting Chinese gamblers.

Despite its woes in Asia, Playtech is doing pretty well elsewhere. The major gambling technology company said Thursday that it has gone live in the newly regulated Swiss online gambling market through a partnership with one of the major players in Switzerland’s land-based casino space.

The Guangdong Club online gambling platform is humming as a stream of wagers placed in Chinese yuan flows through the portal.

While China appreciates the move to halt the issuance of new licenses, “We hope the Philippines will go further and ban all online gambling,” China’s foreign ministry spokesman Geng Shuang said.

For no other generation has the focus on entertainment and nightlife been more relevant than millennials. In a July 2016 study of Atlantic City casino tourists conducted by Stockton University, millennials (representing the youngest age group surveyed at 21-35) were shown to spend the smallest percentage of their travel budget, just 8.5 percent, on gambling activities. This figure came in barely over 1/3 of the percentage registered by millennials’ over-35 counterparts, at 23.5 percent.

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