Kim D, a resident of Pennsylvania, got the surprise of her life when she won a $20,000 jackpot when playing at a tournament at Liberty Slots online casino. What’s even more amazing is that she won the huge prize on a tiny wager amounting to 3 cents!

Kim’s Winning Streak at Liberty Slots Online Casino

Kim is a regular at the Liberty Slots online casino and she frequently takes part in daily slots tournaments organized by it. She said that she really enjoys playing in the tournaments and comes back every day to have a bit of fun. She said that the tournaments offered excellent gaming for the 30 minutes or so they lasted. Players get $100 worth credits to start playing and they generally win a few dollars which they can utilise to keep playing at the casino once the tournament is over.

This time, Kim won $2 in the daily tournament and once it was over she decided to continue playing at the casino. She thought she would give a the single-player game a try and bet 3c on 7x Lucky Sevens slot game which is one of the newest games featured on the casino at present. This is an immensely popular 3-reel slot game due to its jackpot that pays out any time before it touches $25 000. 7x Lucky Sevens has been designed to give out attractive payouts even though it looks like an old fashioned slot game. It also has Wilds that offer a multiplier that can go up to 49 times.

Kim was definitely having a lucky day, because her $2 win was followed by another won amounting to $19,429.51. This is because she was the last player to press spin just before the jackpot was about to pay out. In fact, she had started playing a single-player game at 25c per spin. However, she decided to move to a more affordable game just so that she could keep playing for longer. She chose 7x Lucky Sevens because it was the newest one in the casino and also because it accepted very small wagers. She went so far as to read reviews about the game, and was convinced that it was a reliable and enjoyable game to try out. She eventually opted to bet 3c per spin and was absolutely shocked when she won!

The Deserving Jackpot Winner

The jackpot couldn’t have gone to a more deserving person. Kim’s spouse had recently passed away, and she was almost about to lose her home on account of a mistake in her late husband’s life insurance policy causing it to have lapsed a few years previously. The first thing she intends to do is pay off any outstanding amounts on her home so that her family go about building a life once again. The mother of two is really glad that she took the time to play the 7x Lucky Sevens slot game using the tiny win from the tournament.

The 7x Lucky Sevens jackpot resets immediately after a win and it starts climbing up all over again thanks to all the players who wager money on it. Now that Kim has won the jackpot there has been a rush to try out the game. Even so, it will take a couple of weeks at the very least before it changes another person’s life.

When asked why she chose to play at Liberty Slots online casino, Kim promptly answered that the site’s customer service was exceptionally good. She also liked the fact that the site was a reliable one. It is safe to say that Kim will continue to gamble at online casinos simply because she enjoys it tremendously and not because she hopes to win money.

We have already become acquainted with the online casino slot players gaining humongous jackpots. Although, normally, when there is a huge five, six or seven-digit win, it is related to a progressive jackpot that has been gathering the amount for some time. This was not the situation with a Liberty Slots player who chose to attempt his chance on the WGS Caribbean Gold slot and concluded with spinning $150 into $99,000 while playing the game.

The Winning Casino Game – Caribbean Gold Slot

The winner Harold S. stated that he was searching for doing something in his spare time on Saturday night. He found himself to be submitting $50 at Liberty Slots to gamble at a few slots, revealing he admired this specific casino as it grants few games that are not on the slot list of numerous other casino operators. Caribbean Gold is among the games that are provided at the respective casino. The novel slot by WGS displays the popular pirate theme, with players commencing a treasure chase across various Caribbean islands, seeking to expose the secluded riches.

Splendid winning streak At the beginning, things did not turn out well for Harold, as he dissipated his first deposit of $50 and another deposit afterward. It was on his third deposit of $50 that his fortune began to change, though he had no clue just how much would he gain.

Things began to work out when Harold eventually handled to achieve an important win, betting his $50 deposit into a $600 sum. At this instant, he resolved that it would be a fine plan to certainly go for it and thus incremented his wagers. He could barely think what was about to take place.

Harold went on a roll of his life, with huge strikes coming one after the other, regularly increasing his balance. After two hours, he had won $75,000, incrementing his initial deposit by a wondrous 1,500x.

At this instant, he resolved to take a break and take rest for some time, as he was not finished with it yet. The fortunate winner came back for playing more on Sunday afternoon and his winning streak persisted. He supplemented another $24,000 to his sum, determined to finish things with $99,000 in his Liberty Slots account.

Accounts similar to these do not occur frequently, however, that is what makes it more exciting when they actually happen. People at Liberty Slots were evenly thrilled about the win, asserting that Caribbean Gold is a much-admired slot amid the online casino slot players.

As a matter of fact, to commemorate this exclusive win, the casino is offering $10 to all new players, and you can utilize the money to bet on Caribbean Gold or other game of your preference. All you require to do is utilise the code LSCGFREE10 when signing in the account of the casino.

We have heard of the jackpot reports before as well. However, as mentioned above, it is infrequent that they are gained from a progressive jackpot. Obviously, it is excellent news for the winner who, in a conventional manner has decided to stay undisclosed. This story goes to present that the huge wins do not always come from the chief or most admired online casinos.

Sometimes, huge wins are also gained by playing at mediocre casinos and on slot games that are not the top games among the slot category available worldwide. It is always important to search for a casino or a game of your choice, or which complements with your playing style, for who knows, it may benefit as it did to Harold.

Pennsylvania representatives persist to unnecessarily intricate the affair against authorising online gambling. It appears almost certain that the subsequent part of the legislation will receive a repressive 54% tax rate on online slots such as Secrets of the Phoenix slot, merged with a 16% rate on table games as well as poker. These rates would align those of the state’s 12 physical casinos, with the erroneous justification being that the lower tax rates on web gambling will push the casinos to resort to the Internet.

There have been few distressing clangers, first that advises all online casino games like Secrets of the Phoenix slot be levied at 54%, and second, that would provide PA casinos with a restricted exclusivity window to obtain one of the 12 licenses. The jurisdictions also revolved around the concept of distinct $5 million licenses for the online casino as well as online poker.

Although these propositions are mostly irrational, there are also a few prospective for PA online gambling if tax rate of 54% on online slots is imposed.

Casinos Obtain Invite, No One Shows Up Following the PA High Tax Rate

If the legislators enforce a $10 million licensing fee on online gambling and combine that with a 54% rate on the online slots like Secrets of the Phoenix slot, the probable result will be that not even a sole PA casino operator will register. The casino operators could not fairly build a path to expediency if the slot tax rate was very high. There is a risk to take a $10 million chance because the odds of gaining profit are almost zero.

Even the state’s largest land-based operator, Parx Casino, who can bear to take a chance, would likely refrain as it seems content with the status quo and would likely switch to online gambling if other land-based operators decide so. At 54 percent, the other operators will apparently not resort to online gambling. It will appear as if online gambling was never authorized and as a result, black market websites will resume possessing power.

No One Shows Up Due to the Imposition of PA High Tax Rate, PA Lottery is in Command

If not sole casino applies for an authority, then PA can find a prepared player in the lottery. According to a recent account presented by Gambling Compliance, the Pennsylvania Lottery would be willing to run the state’s online gambling market, if allowed. Although, there are also contradicting reports suggesting not to give the command to the PA lottery.

The PA online gambling is likely to produce $126 million in direct licensing fees only if the casinos are buying those licenses. The PA lottery has no practice in operating online gambling. If the casinos suffer a loss while functioning online gambling, it is totally on them. On the other hand, if the lottery operates at a loss, it is on the state. There is cooperation among physical as well as online casinos, but if the lottery is in power, the synergy would not be present.

A Few Casinos Sign Up Due to the PA High Tax Rate, But Players Suffer

If a few casinos register for online gambling, then they must take a couple of measures as below. Although they will not be profitable for players:

  • Less payback on games
  • Lesser or no promotions
  • Flat VIP programs
  • Smaller game libraries
  • Focus on table games

One tactic applied by operators can be to turn focus to table games as they charge tax rate of 16 percent. But in Pennsylvania, table games profit is roughly 27.5% of total land-based profit and Blackjack, Roulette, Baccarat and Three Card Poker would not alone make it. A rational tax rate on online slots like Secrets of the Phoenix slot is required.

The Massachusetts Gaming Commission has imposed a $65,000 penalty upon Plainridge Park Casino for regularly not abiding with lowest security staffing necessities at the Plainville slots parlor.

Lack of Proper Security Staffing at Massachusetts Slots Parlour – Plainridge Park Casino

Between 26 December 2016 and 7 January 2017 and for a second time on January 14, 2017, officers from the commission’s Investigations and Enforcement Bureau inspected Plainridge Park Casino’s security staffing stages. The Gaming Commission stated that the agents executed unplanned examinations of each security point on 46 incidents and hence resolved the slots parlor, possessed by Penn National Gaming, was out of agreement during 12 of the 46 checks.

As the agents of the Gaming Commission discovered on 12 of the inspections that the respective slots parlor in Plainville did not possess the mandatory quantity of security crew on the job. Ed Bedrosian, Executive Director of Gaming Commission, stated that the security staffing stages are of utmost significance because of the security division’s responsibility in guarantying public security and managing the physical safety of the casino system while playing games such as Secrets of the Phoenix slot, its staff members, customers, plot, the avoidance of underage gambling and the tracking of alcohol utilisation.

Plainridge Park deferred its authority to a discussion on the matter by complying with the $65,000 penalty. The Gaming Commission further added that the casino is taking dedicated actions to fix this matter containing improved measures for maintaining security division and supplementary training on controlled agreement for all the security workers.

The Aim of Massachusetts Gaming Commission For Land-Based Businesses Like Massachusetts Slots Parlour

The aim of the Massachusetts Gaming Commission is to build an impartial, transparent and an active procedure for enforcing the extended gaming law for playing games like Secrets of the Phoenix slot, cleared by the Legislature and signed by the Governor in November 2011.

In formulating this procedure, the Commission will endeavor to guarantee that its decision making and regulatory facilities induce the determination of the players and public, and that they offer the highest likely economic advancement advantages and profits to the persons of the Commonwealth, lessen to the highest probable limit the conceivably negative or unexpected results of the novel legislation, and permit a relevant return on investment for the gaming suppliers that convinces the activity of casino-resorts of the supreme quality.

The Massachusetts Slots Parlour In Question – Plainridge Park Casino

For the New England gamer, Plainridge Park Casino offers an amusing, captivating as well as fresh environment. The casino’s Marquee Rewards program permits guests to gain money at the same time of playing a huge range of the newest slots like Secrets of the Phoenix slot, video poker, electronic table games, betting live and broadcast racing along with having the opportunity to eat in any of the casino’s diners. The points are recoverable from coast to coast at around 20 casinos containing marvellous Las Vegas.

Plainridge Park Casino positioned its third best month since being commenced in April 2015, taking in $14.3 million in aggregate gaming profit from $174.8 million in bets. The fine is the second leveled by controllers since the opening of the casino. Plainridge Park was charged $10,000 in August 2016 for the purpose of breaches around the storage and delivery of alcoholic drinks.

The slots parlour is now the sole gambling service to start in Massachusetts in the 2011 extended gaming act. Resort casinos are going through the expansion in Springfield and Everett. MGM Springfield is anticipated to set its doors open in September 2018 as well as Wynn Boston Harbor casino in Everett in June 2019.

Ganapati Malta has attained a corporation milestone subsequent to being allocated a Class 4 license by the Malta Gaming Authority (MGA). The license refers that the established online slots developer has presently the authority to provide Malta-licensed operators its premium class Japanese-themed slots, containing chartbuster slot games such as CrypBattle and She Ninja Suzu.

The Objective of Ganapati Malta

Ganapati is among the growing suppliers in the industry that had been launched in September last year. The gaming supplier is supported by experts in the online gambling industry belonging from Asian and European iGaming. The goal of Ganapati Malta is to glorify Japanese civilization by relating the slot games with it. This task is achieved by building the slot games around manga and anime themes in addition to utilizing refined technology and alluring math.

The Offices of Ganapati Malta

Ganapati Malta is a division of the Ganapati Group, which has been into building Japanese-themed amusement and gaming apps for quite a few years. It has developed its offices in numerous regions such as Malta, Los Angeles, Tallinn, Tokyo, Bucharest and London. London is also home to the top slots provided by other suppliers such as Gamesys’ Secrets of the Phoenix slot.

About the Class 4 License acquired by Ganapati Malta

Mitsuya Fujimoto, CEO of Ganapati Malta and COO of Ganapati Plc holding company stated that obtaining the first license in Malta is definitely an indication of having achieved a target of the company and the members of it are pleased to be linked with Malta as well as the MGA. Mitsuya Fujimoto further added that the MGA has displayed adeptness and expertise during the complete procedure along with working with Ganapati Malta’s in-house group for the purpose of making certain that the respective company satisfies all the necessities of the application.

Richard Hogg, Director of Ganapati Malta also stated that the company is highly gratified to have been rewarded the Class 4 approval in Malta. This assists in augmenting the corporation’s motive to be a distributor of chief casino games in the controlled trade place. The director of Ganapati Malta further added that this procedure and following favorable application has guaranteed that the company can eventually provide an absolute stage of satisfaction to their customers as well as clients.

The reward of the license trails an immensely profitable introduction at ICE Totally Gaming in February 2017. In the ICE Totally Gaming, the games provided by Ganapati Malta which is Japanese-themed due to attained license by MGA, gathered attraction from chief operators across the world.

An Introduction of Ganapati Malta

Ganapati Malta is a supplier of premium value, amusement- directed online casino content for the global gaming industry. It was incorporated in 2016 by a set of knowledgeable businesspersons worldwide. Ganapati Malta provides the online gaming industry with slot titles that merge the finest Japanese game sense as well as design along with granting an exclusive enjoyment element.

Being a segment of Ganapati Group along with having headquarters in Romania, Malta, Los Angeles, Estonia, Tokyo and London, Ganapati games exercise the provider’s connections around the recreation industry. It displays approved IP from the globally acknowledged studios together with its own in-house studios. Ganapati Malta is presently withstanding the licensing procedure in UK, where Secrets of the Phoenix slot is already accessible on UK sites such as StarSpins, along with possessing further agendas to extend around controlled markets worldwide.

You must definitely try the Japanese-themed slots such as CrypBattle, offered by the Malta-licensed operators which are supplied by the online slots developer Ganapati Malta along with trying Gamesys’ Secrets of the Phoenix slot.

Pennsylvania has recently made the news with its decision to permit both its lottery and casinos to go online. It has become the very first state to take such a decision after considering the lucrative opportunities online. The state has a republican-controlled legislature, which is reluctant to go for a broad tax increase. However, it has turned to other alternatives under the democratic governor, Tom Wolf. The state has now thought of expanding its gambling offerings and offer players the newest of the new slots like Secrets of the Phoenix slot.

In the Words of Joe Weinert About Gambling and Lottery Policies

Joe Weinert, the executive vice president of Spectrum Gaming Group, New Jersey-based consultancy recently mentioned in an interview that the lawmakers have put forth a variety of options for gambling expansion. Joe asserted that such options have not been seen anywhere else and are absolutely unique.

When it comes to the new ideas, one such option is to give full permission to the licensed casinos of the state to take control of the online gambling sites. The online casino sites are legal only in New Jersey, Nevada and Delaware. To add on, it was seen that the legislators of Pennsylvania were sure that the new law will pass the amount of $100 million into the operating revenues of state in order to reveal the huge licensing fee being paid by the casinos.

With this, the major concern has been a drop in the state’s lottery after the recession. However, Wolf is all set expand even lottery to online with the gambling. According to the reports of National Conference of State Legislatures, only four states are allowed lottery including Michigan, Kentucky, Illinois and Georgia. It is sure that the state government would need huge help in encouraging lottery and gambling online.

About NJ’s Online Gambling Market and Lottery Policies

New Jersey is the nation known for real traction that took in $18.7 million when it comes to the February sales. According to NCSL, this percentage has gone higher by about 25 and the Michigan lottery has estimated around $60 million in yearly sales. It is true that the stakes are quite higher for Pennsylvania but the state government is suffering a loss of about $3 billion. In addition to this, the state is going to show an increase of 20 percent with Pennsylvanians turning 60 in the next 10 years. This simply means that more stress will be put on funding the programs for the elderly people.

Certainly, the only aim of these casinos is to earn more and more profit by alluring players by offering newest slots like Secrets of the Phoenix slot and others. To add on, it is known that the major 12 casinos of the state are in opposition of the gambling, which means that they are left with only one option i.e. to permit slot-machine style games in bars and resorts.

More Gambling Ideas

The lobbyists have put forth the option of permitting gambling in airports, satellite sites and other horse-racing betting parlors. With this, it is still unclear that whether the state will be ready to go with the Senate’s proposal or not. Moreover, A House GOP budget plan has suggested that gambling expansion has the ability to resolute $800 million gap in the coming few years. The senate representative mentioned that expansion of gambling has to be done smartly with the right use of right resources. Even with the less budget, it can be modernized and expanded in full swing. For now, it is to be seen that how Pennsylvania will take a leap and change its gambling affairs in the coming years.

Online gaming leader Playtech has taken a milestone step by opening a huge Live Casino studio in the Latvian capital of Riga. Touted as the largest of its kind in the world, the studio will help feed the fast growing demand for live gaming.

The online gambling industry comprises of many different verticals and they are all very popular even though there are differences in market share. Slots continue to be the leader because they are simple to play and give huge prizes. Games like Secret of the Phoenix slot are also very popular on account of their exciting themes and innovative gameplay.

Live gaming has its dedicated customer base which enjoys the thrill of playing games with an actual dealer at a table, but with the convenience of doing so from the comfort of home. As a matter of fact, this type of gaming is the closest in feel to an actual casino thanks to the human element, and it is popular with people who don’t really like a computer generated gaming experience. At the same time, it offers the comfort and accessibility of online gaming.

The easy availability of better internet connections and that too at relatively low prices means that customers can enjoy live streaming of games without any interruptions. In other words, it owes its growing success to its ability to offer the best of both worlds!

Live Casino Studio in Riga Bosts of State-of-the-Art Studio

Playtech has invested heavily in setting up a technologically superior live casino studio over 8,500 square feet of space. The gaming tables are covered by high-tech cameras and other equipment so that the recording and broadcast quality is the best possible. The facility also has the latest software to ensure seamless and reliable gaming. There are hundreds of tables in all in the studio, with highly trained people to ensure that operations are conducted smoothly. In fact, there is also a training area so that the Live Casino dealers and other employees are the best at the job. The new Live Gaming studio will be able to cover Playtech Live’s Europe operations, while also having a capacity for more clients in the future.

Customised Services at the Live Casino Studio in Riga

Playtech licensees will be eager to operate out of the company’s newly launched Riga studio because it offers them an unprecedented level of technical and other support. Customers of Playtech will get custom made gaming areas so that they can offer the best possible Live Gaming to their own customers. The entire studio is geared to help licensees offer a superior product, and this will, without a doubt, help them increase their revenues.

Playtech Investing in the Future as Evident by the Live Casino Studio in Riga

Playtech has been investing a lot of money to develop new technologies that will help it maintain its position as one the biggest gaming companies today. The company’s CEO, Mor Weizer, pointed out that casinos and players stood to benefit from the technological advances in the industry. He also said that Playtech Live was a crucial part of the company’s ONE Omni-channel product through which players can reach all of Playtech’s gaming content without having to open different accounts and wallets.

Interestingly, Playtech already operates live casino studios in other locations. These facilities are located in Belgium, Romania, Spain and also the Philippines. This enables the company to offer live gaming services to a wide range of operators all over the world catering to different markets.

Playtech has clearly positioned itself not just to lead the live gaming segment but also to expand it considerably in the near future. The company will definitely help the industry expand overall, taking its licensees forward along with it while also offering players reliable and thrilling gaming experiences.

The state of New Jersey is one of the few in the United States that allows online gambling. The industry was legalised in 2013 and it has grown by leaps and bounds since then. There was a lot of opposition to the move when it was originally proposed, especially from the state’s ailing land based gambling business, but legislators were able to push the online gambling proposal though.

New Jersey’s land based gambling industry has been struggling to do well over the past decade or so. There are only seven casinos in operation right, down from twelve not too long ago. The state’s gambling hub, Atlantic City, has even been brought almost to the point of bankruptcy thanks to casino revenues shrinking to half of the 2006 levels. As a matter of fact, the city’s iconic gambling establishment, the Trump Taj Mahal shut down late last year because of declining revenues and other reasons. Needless to say, this has the potential to cause immense economic problems because the casino industry is one of the biggest employers in Atlantic City.

There were many concerns that the newly launched online gambling industry would push its ailing online counterpart over the edge by eating into its customer base. However, the biggest reason for the drop in business has been the opening of glitzy casinos just across the border in Maryland, Pennsylvania, and Delaware. These casinos are easily accessible from the Garden State, and there is regular traffic across the border of people going to play at these laces.

It hasn’t been entirely smooth sailing for the New Jersey online gambling industry either. Revenues have been far below expectations, perhaps because estimates were unrealistically high in the first place. In fact, some operators have even exited the market because they sensed that it was stagnating. However, the industry has started to pick up during 2016, thanks in no small part to the launch of PokerStars operations in the state early in the year. Lots continue to be very popular with online gamers, with people trying out immensely popular games like Secrets of the Phoenix Slots to see if they can win huge prizes.

According to a reliable study, New Jersey’s online gaming industry expanded by 32% in 2016 and will show a 17% growth in 2017. Even more interestingly, the study indicated that the online gambling business had actually helped its land-based counterpart instead of reducing its profits as is commonly assumed.

Land based casinos tend to be slightly intimidating places to absolute novices who might be afraid of appearing ignorant. As a result, many people who don’t even consider stepping into these places are quite happy to gamble online from the relaxed atmosphere of their homes. However, many of these people eventually visit land based casinos once they feel they have gained enough experience playing the games and will be able to hold their own in the presence of experienced gamblers.

New Jersey operators are also making good use of the fact that land-based and online gambling are integrated. They use their gambling sites to offer hotel discounts and restaurant promotional offers as a means to increase the visitors to their land based casinos. These promotional offers are actually working very well and both the types of casinos are now expecting to grow side by side.

Atlantic City seems to be off to a good start in 2017 as its January figures indicate. There was a 7.7% increase in combined gross gaming revenue in January alone. The state’s online gambling business which earned $18.8 million during January has clearly helped revitalize its land-based counterpart.

The state of Massachusetts has plans to legalise online lottery services this year in a bid to increase the competitiveness of its gambling industry. At present, very few other states in the US offer online lotteries but this is increasingly being seen as a requirement for growth. The online lottery business in the state is currently worth $1 billion but it needs to be available online in order to keep pace with the changing needs of customers.

While Massachusetts Treasurer Deborah Goldberg has said that she plans to introduce legislation to make this happen, the online casino lobby will have no reason to rejoice since the new law will not have any bearing on their legal status. The state has instituted a Special Commission to study the online casino and table games industries but it will not deliver its results until August this year.

Goldberg said that while the state had the maximum Keno sales in the United States, the business had very little potential for growth, the market having reached saturation point. Besides, it was under pressure from daily fantasy sports and the widespread preference to gamble online rather than at land-based establishments. Furthermore, the upcoming launch of two casinos in the state would eat into the market for lotteries.

At present, the only place in the state where one can gamble is the Plainridge Park Casino but it doesn’t have any games apart from slots. This casino has been in operation since June 2015 after a referendum in 2012 made Las Vegas-style gambling legal. Its operators feel that the state shouldn’t aggressively pursue online gambling because it will have a negative effect on the nascent land-based casino industry. Lance George, a senior manager of the casino, said that the legislature would have to proceed cautiously on this issue because many local jobs were at stake.

Voters in the state had voted against permitting another slots casino in the state during a referendum in November. Plainridge Park Casino would certainly consider it a victory considering that it stands opposed to any business that will reduce its revenues. Many voters are opposed to permitting online gambling because they feel that its easy accessibility will lead to gambling addiction and other problems. The state’s Attorney General Maura Healey is firmly against legalizing online gambling and she will certainly do her best to oppose any legislation that is introduced to this effect.

Construction has commenced on the Wynn Boston Harbor resort, a $2.1 billion project located just outside Downtown Boston. The casino will have one of the biggest poker rooms in the country. The MGM Springfield project, worth $1 billion, is scheduled to open next year. There are also casinos in Connecticut and Rhode Island that are expected to take business away from Plainridge Park Casino.

It will take a long time for online gambling to become legal throughout the country since the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) makes it illegal for financial institutions to allow money transfers to these sites. Till then most Americans will not be able to go online to enjoy games like Return of the Phoenix slots. This is a fabulously entertaining game from Gamesys that gives out good wins and it is very popular in many online casinos. Return of the Phoenix and other slots are available at a large number of gaming sites, most of which do not accept American customers for fear of legal repercussions. It is definitely going to be an uphill task to make casino and table games available online to all Americans, but it might just happen in the future.

It was recently reported that the highly famous Canadian online gambling company, Amaya and William Hill have denied the merger talks. They seem no longer interested in the merger as a result of which, the British bookmaker is finding it hard to struggle to find an associate partner in this booming industry. Earlier, both the parties were all set to sign the merger deal of equals but the talks have now abandoned after the investor in William Hill showed his intentions to oppose the plan. After when William Hill decided to walk off, Amaya said that it can deliver the best shareholder value even by remaining dependent. The current talks about the merger deal and its expected consequences have been discussed as under.

In the Words of Mads Gensmann

It has been seen that the co-founder of Parvus, Mads Gensmann was happy about the termination of merger talks. He said that the decision to end entire merger talks with Amaya is good decision on the part of the board. From the perspective of William Hill, it is planning to work constructively regarding the shareholder value for the owners of William Hill with the board. Another fact is that the regulations related to the betting companies are tighter in Britain with the higher taxes in this part. These companies are required to adapt to an environment in which the millennial are being captivated by the online betting through their smartphones.

The Expected Rise in Amaya’s Revenue

Amaya Gaming has highlighted in its report that the company is expected to witness a rise of 10 percent in its third quarter. After it issued preliminary results after September 30, it showed the expected revenue to reach somewhere between $263 million to $273 million. No doubt, this figure is far more than the figures of quarter 3 of 2015, which was just $247 million. The company expects that 73 percent of its revenue will be contributed by poker and the rest 24 percent from casino operations and sportsbook. However, in 2015, the contribution of poker was 81 percent and casino operations were about 15 percent only. In addition to this, the major concern for the company is to make the final installment of the Rational Group that it purchased from Mark Scheinberg and Isai. It means that it is important for the company to have a merger deal continued with William Hill else, it would suffer.

The Consequences of the Aborted Merger Talks

It is very true that the termination of the merger talks have clearly hit the Amaya’s growth. The aborted merger talks show that Amaya is likely to face difficulty in growing and expanding. The company might not be able to develop as a standalone business. Some of the analysts of the community have also said that the company is facing a heavy debt load and various other legal problems already. This simply means that closing of the merger talks with William Hill will only be an added woe to the company. With this, the company has not even received the online poker license in 2016, as the same was predicted by the former CEO David Baazov. Amaya was further expecting Baazov to purchase the company but the offer for the same has not reached to any transaction.

It can be seen that the failure of the merger is going to affect both Amaya and William Hill in some or the other ways. However, it is also a fact that both of them are only highlighting their standalone power and strength. They are not coming up clearly with the consequences they will actually have to suffer because of the same.