At the end of the day, online casinos are businesses and not all are best equipped to survive. If you play regularly, you may have noticed that many online casinos closed in 2020. Some brands in the industry have become household names and yet some have not even survived their 1st few months! So why did so many online casinos close in 2020? There are various reasons for this with some being more obvious than others. Most online casinos will endeavour to give all of its member’s reasonable notice of their closure. Also, by law, they must pay any balances left on a players account once they do close. Unfortunately, this is sometimes not honoured by the online casino.

Staying Ahead of the Pack

To start with, an online casino must deliver the best service. It’s what players expect these days and that goes for all corners of their online casino. They must deliver the best games, security, bonuses, and pay-outs if they want to attract avid players. If an online casino lacks in just one of these areas, it is likely they will not get any player retention. Meaning, they will inevitably struggle to make a profit. The typical situation which leads to the online casino being closed. If you search Google: ‘best online casino’, you will no doubt find tonnes of sites all stating different brands as the best online casino.

This shows how much opinion is divided which again shows you need to deliver the best service throughout to survive! There has been a couple of online casinos that have actually launched in 2020 and took to it like a duck to water. One of these being Casimboo’s online casino, they have made the leap this year and against all odds retained many players which have enabled them to keep going into 2021.

The Niche Approach

Some gambling platforms decide to go for a ‘niche’ approach. This is where you will find an online casino which specializes in one particular type of game or games. For instance, you may come across a site where only online Slots are provided. This is not because they could not find any Roulette or Blackjack game’s developers, it’s due to their ‘niche’ factor. They are passionate about slots and therefore that is the only type of game they provide. However, they go to town with it. Sometimes it is Poker, an online casino may specialise in Poker and Poker tournament etc. Often, members are simply drawn in by branding of the online casino. It just entices them as a player.

Jurisdictions and Regulators

Sometimes it’s the online casino’s operational jurisdictions that play a part in the downfall of some brands. For example, in the UK, scores of online casinos closed in 2020 due to the Gambling Commission’s tough new rules. Things like affordability checks and self-exclude have played a major part in operators seeing a drastic fall in revenues. Yes, this protects players but has a detrimental effect on smaller businesses within the industry. Another reason why so many online casinos closed in 2020.

Online Casinos That Survive

Now, we’ve discussed why so many online casinos closed and the potential reasons for those closures. So, let’s now discuss some online casinos that have been consistent through and through for many years over. If we look at all the most popular operators in the UK, you’ll see that the benchmark is incredibly high. Some of these online casinos have been operating for 20 years now! As stated earlier, all of these top players in the industry bring the best services in every corner of their gambling platform. It’s the consistency of these types of online casinos that attract and all-importantly retain players. Loyal players are the lifeline of every online casino that has seen more than a few months of business.

Over time, the industry has had a spin-off ‘little brother’ industry which is the world of online casino reviews. There are now dedicated businesses that publish casino review websites. Some of these have grown into powerhouses within the field. All of this has played into the importance of an online casino’s performance directly affected its survival. This is because if a brand lets players down, other players are quick to be aware of this through reviews and news sites. There’s nowhere to hide for bad operators!

The main factors of why lots of online casinos closed in 2020:

• Lots of competition means only the absolute best service retains loyal players
• UK remote gambling regulations become stricter meaning only big operators can foot the new costs
• Bad operators cannot hide due to the wealth of reviews and testimonials available
• Some operators have had their licenses revoked for not keeping up with their licence conditions

The main factors of why some online casinos survived in 2020:

• Exception service in every single department of the online casino
• Big operators can afford the cost of new regulations
• World-famous slots and casino games titles earn operators’ loyal players
• Guaranteeing players get a fair service means players will come back

Those Who Survived

Leovegas Casino

This epic online casino has survived for a few reasons. They offer a great platform which is speedy, secure and very easy to use. Leovegas has been operating for some time as one of the top online casinos in the industry. There’s also an abundance of games including Slots, Roulette, Poker and much more. The Lion himself is a great touch from the makers of Leovegas. Players can enjoy a safe gaming environment as they possess multiple remote gambling licenses from several of the world’s most recognised regulators. There is a simplicity about this online casino which no doubt supports the high player retention they see. Their bonuses are fair, and the policies associated with them are clearly displayed.

All British Casino

This online casino is branded as British but caters for everyone! All British Casino see lots of players from the UK online casino market as well as many other regulated markets in the world. This prestigious online casino boasts a large selection of games from great casino games developers. They have licenses to operate in every space they do so and they exceed expectations of regulators. Players are safe at this gambling site and that shows with their SSL certificate and security measures on players accounts being very robust. There’s also a Live Dealer lounge in which All British Casino members can connect in real-time with professional croupiers. These are just a few of the factors of why this online casino continues to survive and thrive.

PlayOJO Casino

Now the online casino industry has been around for over 20 years, it’s time all operators take a leaf from PlayOJO casino’s book. This online casino demonstrates ‘Fair-Play’ like no other platform. Albeit they are a relatively new online casino, they have more than survived their 1st couple of years. PlayOJO has taken the gaming sector by storm due to their 1st class service and not forgetting their ‘wager-free’ spins. Players keep coming back to these guys as they offer a fully comprehensive gaming platform for every type of player. As so many players enjoy getting bonuses without heavy terms and conditions, PlayOJO really is here to stay.

Conclusion

Finally, no online casino is ever 100% guaranteed to survive the long haul. This year (2020), has taught us that anything can happen. Even big, reputable, and fair online casinos are at risk somewhat of the volatility that the nature of gambling has. For example, even the best operator can be taken down by a series of big winners. Yes, this is much less likely than all the points discussed above but is always a possibility. Players should keep a close eye of several of the leading online casino news and reviews sites regularly. You never know, there may be some bad publicity about the platform you play with.

Myths are an and will be forever talked about subjects, and there isn’t a shortage of tales throughout the gambling world either. These myths usually start with one person on a forum somewhere, and it gains a few comments, and then it quickly snowballs into something quite large, making it a real problem for gambling providers. These can often start with people who don’t do enough research on the subject, and it results in rumours.

With many online gambling websites arising, it’s becoming increasingly difficult to compete when the whole market is saturated with myths and false information. Reputable operators like acebettingsites.co.uk provide excellent services and have thousands of happy customers to back it.

So how do you know which kind of misconceptions need to be cleared up? We will cover the most common myths and rumours throughout this article, and hopefully, it’ll be some minds to ease.

Games being rigged

It’s easy to seek advice from the wrong people when you’re new the world of gambling. Many newbies will tell you that losing streaks are always down to the games being unfair or being rigged, rather than simple laws of probability. However, the more experienced players will always say that you’ll lose more than you’ll win.

Every licensed casino has to go through the same testing by individual and independent audits. These audits are designed to test their software and but it through a series of tests to ensure it behaves on a completely random basis, making it fair.

Your money is likely to be at risk if you gamble online

This just isn’t true. Regulators take player protection too seriously, and this includes the protection of players money/currency. Part of the licensing conditions is voiced by the operators to keep funds separate from the business funds. Suppose operators are caught using the player funds in any way, like paying for their overheads and employee wages. In that case, the licensing authority will get involved, and there will be severe repercussions.

Casinos let absolutely anyone play

If you’ve played your fair share of casino games, you’ll know straight away that this isn’t the truth. KYC checks must be taken out by the operators, which is also known as a Know Your Customer check, which asks customers for proof of identity and their current address.

These types of checks allow the operators to keep minors isolated from the online casinos and will enable them to ensure people are who they claim to be. This is vital for their anti-money laundering/fraud prevention strategy.

You won’t see your winnings

Now, withdrawal limits do exist throughout all gambling operators, but this is to prevent crimes, such as money laundering. Some players often find this tedious and incredibly frustrating when they’ve just won a large sum of money, as they’re prevented from withdrawing it all straight away.

On the other hand, reliable and reputable operators will guarantee to pay out each player winning and do it by using a completely safe and secure method. If the player isn’t however satisfied with this process, they’re entirely free to escalate their issue with the regulator that’s in charge of that casino.

The conclusion

There will always be controversy and speculation in and around myths. However, we hope this small rundown has cleared the air about a few of the ‘large myths’.

Just remember, don’t believe everything you read on the internet, and always carry out your research.

Online betting is an activity that is gaining more ground around the world due to people looking for ways to gain more money. However, out of the people who invest in online betting, only less than one percent can confidently say that they are making a regular profit from online betting and that they could easily fend for their selves from the proceeds of online betting. This one percent includes those who defraud others by claiming they should pay them money to help them stake or forecast games only to end up disappointing them. Here are some of the dangers of online betting.

Losing all your money
A major danger of online betting is that you could lose all your money. A lot of people have been into betting and have lost money over time. In a lot of cases, not only do they lose the money they planned to spend on sports betting but they also lost all the money they had then. Perhaps they had just exactly what they would have carried them through the month or a little more than that. However, after losing the first stake, they decided that they would try to recover the lost stake and then stop. Within a few hours, they would have lost everything they have in their account and then become as good as stranded. Some people who invest money equivalent to what some of their friends lost to gambling few years ago have seen such investments grown to tens of thousands of dollars.

Addiction
Another reason why online betting is bad is addiction. A lot of people have decided that they would quit gambling but they are always back with the hope that they are going to win big. The ease with which betting websites can be accessed on phones and computers also make escaping from the addiction very difficult. In most cases, they have to go for therapy before they can successfully stop online betting. Those who are not careful enough, even after such therapy, sometimes go back to continue online betting at the slightest temptation.

Going into debt
Online betting or gambling has made a lot of people to go into debt. On the one hand, it has discouraged them from working hard as they strongly believe that it should be easy for them to make money from sports betting. Day after day they spend the little they have without really working to earn money. In a short while, they have emptied their accounts and cash. They would be forced to borrow from people or loan companies. The problem with this is that if they ever manage to win anything, it all goes into paying back debt. They subsequently take more debt and within a short time, they already have a huge debt they would need to work for years to clear up.

Depression and suicide
When they get to this situation where they have a huge loan and then realize they would never have had the loan if online betting can sort out the loan in the first place, they might be forced to commit suicide to escape the loan. Some people have become depresses because a singular game keeps making them lose their stakes of hundreds and thousands of dollars. They could commit suicide out of frustration.

Gaming rules are non-universal. It is safe to conclude that all countries in the world are classified into three different casino laws.

The first group is the countries where both online and land-based casinos are fully legalized. Another group is countries where only online casinos are considered illegal. And lastly are those where casinos are completely banned in any way (either land-based or online), and anyone caught playing a chip on the table (physical or online) would face the consequences.  

Of course, there are the country to country variations of the laws. So let’s examine some of the most influential countries when it comes to online casino rules and where they all stand.

Naturally, we won’t be able to cover every country out there, so we apologize if you don’t find yours on the list.

Online casino rules in Europe

Playing in Europe is relatively easy because most (if not all) of the forms of game are legal and perfectly regulated.

And in this case, casino in Italy, Spain, Germany, and the United Kingdom take the largest market. 

While most European countries have relatively easy online casino rules, there are equally a few exceptions. France and Iceland are two unique examples (not in a good way) – both have banned online casinos but allowed land-based.

Then also are Russia, Poland, Ukraine, Switzerland, and the Czech Republic, which has banned online casinos and bets in general.

What’s happening in America?

The United States are exceptional. Since Canada and Mexico have legalized online casino, North America seems to be okay with anything related to gaming. The United States can’t seem to figure out whether or not it loves or hate online casinos or gaming in general.

Undoubtedly, Nevada is totally fine with anything related to gaming, including online casinos, since Las Vegas is their top money maker.

Besides, Georgia, New York, New Jersey, and Illinois have declared their support for online gaming, and in fact, some online casino directly targets the U.S market.

Still, over 70% of foreign online casinos ban American players. But as an American, you’re still allowed to play in some online casinos even if it’s not legal in your state.

But things are divided into the southern part. Many southern countries seem fine with casinos, and they have this “as long as you don’t get caught” idea.

Peru, Argentina, Costa Rica, Panama, and Argentina have all regulated and legalized gaming, with many online casinos to play. 

While Brazil and Chile don’t directly support gaming and online casinos, these countries won’t hesitate to “let it go”, usually.

And Ecuador has got nothing on anyone playing in online casino sites. However, Cuba may be a red alert when it comes to casinos.

Conclusion

Irrespective of your location, online casino laws come in different ways. Either way, make sure you try out these online casinos and let your luck take over by playing tons of online casino games!

As we all know, casino gaming odds are mostly tilted in the casinos favour. While this might seem unfair, the casino needs to make money to keep their doors open. But, if you play well and have lady luck on your side, you can make a nice profit. [Read more…]