Latest News In iGaming

There is some news happening in the world every day, and you might have missed it because it is impossible to keep track of everything that concerns the gaming industry. There are constantly some changes going on here. They may be interesting for the fans of this direction.  

The most recent developments in the world include the fact that Germany has started to issue new licenses for slots. Peru has signed the legalization of IGaming, and Uruguay has taken a huge step to regulate gambling. Many people have probably heard that Australia has already taken up the study of cryptocurrency and blockchain. Let's take a closer look at the news that has happened in these countries.

Slots License in Germany

Despite the fact that Germany has adopted new rules to regulate gambling, this decision has been criticized from different sides, and here's why:

• the deposit limit must be 1,000 euros each month;
• you can bet a maximum of 1 euro per spin in online slots;
• before moving from sports betting to the online casino section, the player has to take a break.

It simply looks more like some kind of experiment than an opportunity to gain access to gambling. The authorities probably decided to allow such opportunities for players in order to determine how the regulation will stand up to the market.

Slot providers have also reacted to such news. Some see Germany as a good option to supply interesting games there, while others, on the contrary, decide to leave. Kindred Group recently did just that.

In Germany, many brands received a license from the government. For example, Novomatic has a license for slot machines and can legally operate throughout Germany.

It is too early to say how much the German rules affect the development of gambling, but perhaps new operators will be able to adapt to the strict rules and develop within the country.

Players have the option to explore various gaming platforms, but getting a cashback bonus at online casinos proves to be difficult due to the strict laws of the country. Check out the interesting articles by Olga Lammer, casino reviewer on the SlotsUp website, to get up-to-date information on gambling, and you can also test and a play Hot Hot Fruit demo slot. Popular slots that you will like:

1. Vulkan Vegas
2. Svenplay
3. Dux Casino
4. EU Slot 
5. Boom Casino

Choose the best offer to play legally and safely. Slots are very popular among gamblers. There are also many other games available at online casinos: poker, blackjack, roulette, craps, and others. Determine the best strategy to increase your potential winnings. 

Peru and New Solutions

Peru is not as eye-catching as Brazil and Mexico, but the country has a great reputation. In any case, it deserves the attention of gamblers. The gray market here has been developing for many years. More recently, Peru has joined Latin America which regulates gambling. 

Peru's president, Pedro Castillo Terrones signed a law on August 12. According to this law, a regulatory framework will be created to regulate betting and online gambling. 

The Ministry of Foreign Trade and Tourism will be the official regulator. Operators must pay each month a tax of 12% of the total tax amount. It is determined by subtracting expenses and net profit.

Moreover, an additional 2% of monthly income will be required to pay maintenance fees. The president also appealed to all operators who participate in the gray market and urged them to get on the right track and register to pay taxes to the state.

Uruguay and the Legalization of Gambling

Uruguay, as well as Peru, decided to take measures to deal with the regulation of the gambling industry. On August 16, the Senate of the country voted in favor of the bill to regulate the online gambling industry.

After the law is signed, the Ministry of Economy and Finance will regulate online gambling in Uruguay. It is possible that a fund will be created, where up to 8% of the income will be deducted. This initiative of the state is great because this income will be used for the treatment and prevention of gambling addiction.

Uruguay is considered one of the most progressive countries in Latin America. The country is developing very well, and although the population is relatively small, Uruguay has about 3.5 million people. Almost all of them are quite well off.

Australia and Interest in Cryptocurrency

Recently, we can observe the rapid development of crypto-casinos. This is not only due to the popularity of bitcoin and other cryptocurrencies. Crypto-casinos provides access to online gambling in countries where gaming activities are prohibited by law. 

The global development of cryptocurrency has significantly affected the gambling industry. Despite this, many countries require to define the exact position. For example, the authorities in China have banned all cryptocurrencies except for the digital yuan. Only this digital currency is national and therefore legal. 

Australia has been studying cryptocurrency for a long time. Recently, the NTRC, the Northern Territory Horse Racing Commission, took up the study of cryptocurrency in order to introduce it as a payment method in horse racing. Previously, the NTRC has publicly stated that it is categorically against cryptocurrency gambling payments. Obviously, that opinion has changed recently. 

Australia is a modern country and it is constantly striving to develop. Today, there is only one region in the country that provides licenses for legal business. Online gambling is developing gradually, but it is illegal in Australia to involve players in gambling. It is worth expecting that the NTRC will soon grant permission for players to place bets in cryptocurrency.