Romania moves to ban gambling venues in small towns

By Shadrack Kairu

Stricter gambling laws are coming to Romania. The lawmakers have approved Prime Minister Marcel Ciolacu’s executive order that bans gambling venues in small towns and villages with populations not exceeding 15,000 residents. The so-called “law on slot machines” was reportedly passed by the Chamber of Deputies via a unanimous vote. Some 243 deputies voted in the ban’s favour, four were absent, while two did not vote. As traditional gambling venues face these new restrictions, many players may turn to online casinos as an alternative, seeking a regulated environment to continue their gaming activities.

This legislation is one of its kind in the history of gambling in Romania. It states that slot machines and gambling facilities should not appear near remote areas and sparsely populated towns. It effectively criminalizes gambling in localities with populations of less than 15,000 people.

Two main reasons given by the parliament were considered critical in justifying the passing of this legislation. These include tackling the issues of gambling addiction and mitigating the potential consequences posed by unregulated gambling in Romania.

Through this legislation, first and foremost, policymakers hope to reduce excessive gambling. Additionally, they aim to protect vulnerable communities from exploitation and put brakes on the rapid proliferation of gambling venues, primarily in small localities. As reported, this ban will affect almost 90% of all localities in Romania, signalling a noteworthy shift in the country’s approach to regulating its gambling sector.

Stats on gambling in Romania

Gambling in Romania officially took off in 1906 when the country installed its first democratic government. The dictator’s regime was overthrown to pave the way for introducing a liberal economy. Right now, gambling in this southeastern European country is conducted on a large scale.

The National Gaming Office, the state body that registers and approves the sector, states that the Romania gambling market consists of about 12,000 land-based gambling venues. It’s in these facilities that sports betting services, casino games, lotteries, bingo, and other gambling forms, are offered to the public. These venues pay taxes to the government in the form of license and advertising fees and ticket sales. The proceeds are used to fund public works and services.

It’s worthwhile to note that online gambling in Romania became legal in 2010. With that, trusted internet operators were entitled to receive a government license. Online gambling in the country had reached new levels by the early 2000s.

Online gambling operators contribute tax revenues to the government as do land-based venues. But in addition to annual licensing fees, online providers are to pay authorization fees, responsible gaming contributions, online gamers’ winnings, and miscellaneous fees.

Romania’s revenue in the online gambling market is projected to reach $809.50m in 2024, according to Statistica, with an annual growth rate of 5.6% from 2024-2029. It will thus result in a projected market volume of $1.063m by 2029.

Specifically, the user penetration in the online gaming market will hit 3.5% in 2024, indicating a remarkable surge in online gambling activity.

The proliferation of gambling across the country has prompted the government to tighten its gambling regulation measures. In 2015, Romania introduced its first comprehensive gambling law. This was intended to address the rapid spread of gambling and to ensure a secure, fair, and responsible gaming environment for its citizens.

As if that was not enough, in October 2023, the Romanian government introduced newer, stricter sets of restrictive measures for the gambling sector. Notably, the Ministry of Finance announced a huge hike in license fees for gambling operators. Operators will now pay €500,000/year for an online casino license, €200,000 for a lottery license, and €100 per machine for video lottery terminals licenses. Others are casino licenses costing €4,000 per table, bingo gaming halls costing €5,000, and poker costing €5,000 per club. Licenses for telecast bingo games will now cost €500,000.

But even as the government rolls out all these measures, there’s no recent data to show exactly how many Romanian citizens suffer from gambling addiction. According to Euronews, the last survey was reportedly done in 2016 and found that there were an estimated 100,000 addicted gamblers in Romania. However, the source cautions that the number today could be even higher.

Recent research by Save the Children shows that 1 in 7 children across the country spends money on gambling. Also, it shows that at least 10% of Romanian children have a parent who spends money on gambling.

What Legislators say about gambling

Proponents of the law say that the passing of the legislation is a major milestone towards curbing the negative influence of excessive gambling on vulnerable populations. Following the law’s passing, the PM took the opportunity to declare the coalition government’s victory over illegal gambling operations reaching remote and densely populated country areas. He reportedly said that this marks the end of the “good old days” for illegal gambling facilities as the ban will likely affect nearly 90% of such establishments in Romania.

Alfred Simonis, the leader of the Social Democrats, echoed the PM’s sentiments. “It is the first law adopted in Parliament in 30 years against this mafia that has controlled the political world until now,” he said.

He stressed the need to take decisive actions in controlling the pervasive influence of gambling in Romania. “Right now we are fighting an industry that has a total turnover of €10-12 billion”.

Meanwhile, some factions raised questions over the manner in which this legislation was formulated. Descending voices within the parliamentary chamber said the government could’ve taken stricter measures to address the detrimental impacts of gambling on society. They criticize the government for not consulting with stakeholders prior to its implementation or, respectively, question how the population figure of 15,000 was reached. Some even accuse the authorities of collusion with the gaming sector due to the perceived leniency of measures taken by the government.

Ionut Mosteanu, the leader of the opposition USR, is on record saying “They thought that slot machines only damage 15,000 people”. He further stated, “There was not even a debate to see how many townships qualify for this 15,000. Why not 16, 17, why not two million and you would ban them definitively?”

On the other side, industry players from the gambling sector remained optimistic that, through this new piece of legislation, the authorities will effectively stamp out the black market, which they said thrives in the absence of legal gambling options.

It is worth noting that this legislation was first introduced on 6 October 2023. Under the Romanian Constitution, it was supposed to go through both the Chamber of Deputies and the Senate for approval. However, the government through PM Ciolac signed an Emergency Ordinance that allowed the bill to move to the lower house of parliament for fast tracing.

Upon the parliament’s discretion, the legislation could be approved as it is, approved with amendments or rejected altogether. If rejected, it would no longer be effective.

Now that this ordinance has been approved, it rests with Romanian President Klaus Iohannis, who may decide to put it into law or send it back to parliament. If approved, the law states that it will take effect within 10 days of being officially enacted.

According to reports, once this ban comes into force, it will affect the operations of Romania’s 27 licensed sports wagering operators. Even market leaders such as SuperBet, Rizio, StanleyBet, Mozzart Kladionica, and Fortuna Entertainment, will be affected.

Atlantic City casino workers head to court to have smoking banned at land-based casinos

By Ramona Depares

Atlantic City casino players who enjoy a smoke or two at the tables and slots may very well see their plans go up in smoke, as the long-debated ban for smoking at land-based casinos in the US is now heading to court for a definitive ruling.

Naturally, this isn’t an issue players at the top online casinos face, but the controversy at retail outlets has been raging for quite some time. Since 2006, in fact, when the Smoke-Free Air Act was enacted to guarantee a smoke-free environment for US workers. The act, however, exempted all casinos from its provisions.

Atlantic City casino workers, as well as some of the gamblers themselves, have long complained about exposure to second-hand smoke at these venues. Now, United Auto Workers and another group representing casino employees have filed a lawsuit demanding that the law be amended to extend its protection to casino workers.

How harmful is second-hand smoke at land-based casinos?

The continued rise of online casinos in the US may have pushed the issue to the back burner, but the health risks associated with second-hand smoke in casinos are significant and well-documented. Independently carried out research has been pretty consistent in confirming that casino workers and patrons are exposed to dangerous levels of toxic substances when smoking is permitted.

A study conducted by the BMJ Journals (Babb S, McNeil C, Kruger J, et al Secondhand smoke and smoking restrictions in casinos: a review of the evidenceTobacco Control 2015;24:11-17.) goes as far as to say that “there is no safe level of secondhand smoke (SHS) exposure”. The study describes smoking in casinos as a “significant public health problem”, adding that both casino employees and guests are exposed to high levels of SHS”.

This was confirmed by the elevated levels of tobacco-specific biomarkers in blood tests carried out on non-smokers. Even more worryingly, the study revealed that partial smoking restrictions, or designated smoke-free zones, did not do anything to protect non-smokers from SHS. The study concluded that this risk to employees and patrons is both significant and preventable, calling it “imperative for public health and workplace safety that smoking in casinos be stringently regulated or completely banned”.

The BMJ Journals noted that the American Society of Heating, Refrigerating and Air-Conditioning Engineers agreed that “at present, the only means of effectively eliminating health risk associated with indoor exposure is to ban smoking activity.” The statement also referred to a study of 25 casinos in the UK, where 83% of participants reported being nearly always exposed to SHS at work, 78% stated that they minded if people smoked near them at work, 57% believed they had health problems as a result of second-hand smoke at work and a whopping 65% supported banning smoking in all customer and working areas of their casinos.

The American Cancer Society (ACS) echoes the words of the above, calling SHS at land-based casinos a “cause of premature death among US workers”. Casino workers, according to the American Cancer Society, face a higher risk of illness caused by SHS than any other workers.

This risk includes a higher incidence of lung cancer. Casinos were found to have nicotine concentrations that are 2.4 to 18.5 times higher than in offices and homes, and 1.5 to 11.7 times higher than in restaurants. The ACS quotes a study by Achutan C, West C, Mueller C., Boudreau Y, and Mead K (2009) on the impact of SHS in Pennsylvania casinos, which found that exposure causes five times as many premature deaths as the mining disasters that had afflicted the state.

In studies carried out by the National Cancer Institute, casinos were also found to have 12 times as many smoke particles than you find outdoors, with nicotine and a number of toxins – including carcinogens, benzene, naphthalene, formaldehyde, and acetaldehyde. Moreover, casino guests were found with significantly elevated levels of a lung carcinogen caused by tobacco after a four-hour visit to a casino where smoking was allowed.

Studies quoted by the ACS also suggest that partial bans don’t work, as a study in 21 Nevada casinos revealed that guests at a non-smoking restaurant that was adjacent to the gaming areas where smoking is permitted had 60% of the amount of SHS as guests in the smoking areas.

Even the National Institute for Occupational Safety and Health (NIOSH) has weighed in on the matter. A blog post by the Center for Disease Control (CDC) describes how the Institute has gone on record saying that “even low levels of secondhand smoke exposure can be harmful” and even recommended that smoking right next to building entrances and air intakes should be prohibited so as to prevent any smoke from entering indoors. The Institute added that casinos should appoint a physician to evaluate employees who were suffering from respiratory issues origins from workplace exposures.

Finally, the National Cancer Institute leaves no room for doubt about the perils of second-hand smoke to casino workers, noting that the U.S. Environmental Protection Agency, the U.S. National Toxicology Program, the U.S. Surgeon General, and the International Agency for Research on Cancer have all classified secondhand smoke as a known human carcinogen. It added that some research also points to an increase in breast cancer, nasal sinus cavity cancer, and nasopharyngeal cancer in adults.

When one considers all this, together with the fact that the National Council of Legislators from the Gaming States had actually passed a resolution to support 100% smoke-free gaming venues as long ago as 2009, it is hardly surprising to see that casino workers in Atlantic City and across the US are up in arms about it.

What the lawsuit states

So what is the basis of the lawsuit? Put simply, casino workers’ representatives are disputing an exemption found in the Smoke-Free Air Act. Although this act bans smoking in enclosed, indoor public places and workplaces, it contains a section that specifically exempts all land-based casinos and bingo parlours from this ban.

According to news reports, the lawsuit names New Jersey Governor Phil Murphy and State Health Commissioner Kaitlan Baston as failing to protect the health of casino workers by not including them in this ban.

The lawsuit was filed by the United Auto Workers union, representing workers at Bally’s, Caesars and Tropicana casinos in New Jersey alongside a group called Casino Employees Against Smoking’s (Harmful) Effects (CEASE).

What are workers hoping to get from the lawsuit?

The Atlantic City smoking ban lawsuit hinges on the casino workers’ claim that the exclusion is considered unconstitutional in New Jersey because it grants favouritism to the casinos. The exemption also denied workers their state constitutional right to safety and equal protection.

Claiming that some casino workers have suffered cancer as a result of this situation, the lawsuit is asking for the exemption granted by the Smoke-Free Act to be declared unconstitutional. While the NJ Health Department refused to comment pending litigation, in reality, there has been some progress made in the battle as the governor has gone on record to say that he would sign a bill banning smoking in casinos.

How Will This Lawsuit Affect Casinos In Other States?

How this will affect other gambling states across the US remains to be seen, with Pennsylvania already seeking to amend its own Clean Indoor Air Act of 2008 to include a ban in casinos and bars. Should the Atlantic City casino workers lawsuit be successful, it is likely to have wider-reaching implications for casinos across other states.

If this were to pass, it is also very likely that US online casinos will see an increased surge in popularity, with gamblers who don’t want to give up smoking while enjoying their pastime spending more time online in the privacy of their homes.

Celebrity Gambler: Draftkings Welcomes “King James” LeBron to their Court

By Thadeus Geodfrey

The Los Angeles Lakers super star LeBron James, popularly known as King James, has continued to expand his influence beyond the court by sealing partnership deals with renowned companies. The four-time champion recently announced in his X account that he has partnered with DraftKings, the second largest online gambling site in the United States. King James is a fan of Football, and his NFL picks on Instagram could have caught the attention of the sportsbook. He has millions of followers on social media, and the company believes his fans will continue investing in his NFL picks in the 2024 season. In this article, we will explore LeBron’s stats, his involvement with gambling, and the nature of his partnership with DraftKings.

LeBron James: The Player and the Brand

LeBron James started playing NBA in 2003 and has since signed multimillion-dollar partnership deals with some of the biggest companies in the United States. Below is a table showing some of his personal information, endorsements, and achievements:

LeBron James and Gambling

LeBron James is a fan of NBA and NFL, but there is no clear information on whether he gambles or not. During the 2023 NFL season, James would only be seen going live on his Instagram account to give his NFL picks. He did this every week before the games started, with fans saying he only shared his expertise with those who wanted to listen.

The 39-year-old Basketball player, however, has been in the past allegedly being spotted gambling in Las Vegas during the NBA in-season tournament final. In a video posted on social media by a fan, King James is seen gambling in what looks like a private room at Wynn Casino. The video also shows a security guard approaching the fan and telling him that he cannot record LeBron because he is gambling. Lebron is also heard telling the security guard to check the recently deleted folder. The caption added to the short video shows that the Basketball player had $1 in Chips on the table.

In an interview conducted by federal agents in November 2021, Maverick Carter, who is a longtime manager and business partner of LeBron, admitted to betting on NBA. In his part, LeBron said that he didn’t know that his longtime manager placed bets on NBA. He further noted that Carter was not the target of the investigation, and federal agents were only investigating Wayne Nix, who was accused of operating an illegal sports betting ring.

More and more renowned athletes have in the recent past been involved with online casinos and online sports Betting, changing the public perception regarding online gambling. Most of the athletes are public figures trusted by millions of fans, and companies believe that partnering with such celebrities would increase their customer base. In other words, any engagement with a celebrity gambler is a marketing strategy, and companies have reaped a lot from it.

LeBron Partnership with DraftKings: A Closer Look

As part of the deal, LeBron James will work with DraftKings on various football initiatives, with a focus on Football Handicapping. He will achieve this by creating content on topics like weekly NFL picks. It is worth mentioning that NBA doesn’t allow Basketball players and coaches to publicly discuss matters related to betting on the league’s game. As a result, King James will not be covering NBA betting in his content.

More details about the deal, including financial transactions and the length of the partnership, have not been made public. In his statement, DraftKings CEO Jason Robins said, “Welcoming one of the most influential and greatest athletes of all time, LeBron James, to the DraftKings family is an absolute honor and privilege. We look forward to working with sports fans who share the same competitive mindset that echoes throughout the wall at DraftKings while delivering exciting engagement opportunities to our customers and his loyal fanbase for years to come.”

DraftKings’ vision is to build the most trusted and most centric destination for gambling fans. And with LeBron James on board, we can confidently say that the partnership deal aligns perfectly with DrafKings’ goals. The Basketball player has a deep understanding of the NFL league, and it is pretty clear that a good number of his fans will benefit from his valuable insights. Additionally, the partnership could result in more betting bonuses for LeBron’s fans and attract more audiences, including the NBA market.

LeBron’s Influence on Betting Culture and Fan Engagement

LeBron’s partnership with DraftKings is not just about NFL picks; it is about changing the betting culture. For a long time, the majority of people have been considering sports betting as an activity that goes against moral values. However, with iconic basketball players like LebBron on board, the negative perception about sports betting is expected to change for the better. The collaboration is also expected to change how sports betting firms engage with their audience. By partnering with renowned athletes, DraftKings is setting a new standard for fan engagement in the online gambling industry.

It is worth noting that having a high-profile athlete associated with a sports betting site could bring both benefits and harm. The brighter side is that Iconic Athletes like LeBron have a vast knowledge of Football, meaning players may get helpful insights that could influence their betting strategies. Betting firms that have signed the deal also earn huge profits due to the large customer base. On the other hand, over-trusting high-profile athletes could lead to problem gambling among bettors. Some celebrities may also rule you into signing up with scammers.

Closing Thoughts: Beyond the Court

The collaboration between NBA superstar ReBron James and the leading sports betting firm DraftKings marks a significant milestone in the sports betting industry. The 39-year-old Basketball player is an all-time leading scorer, and many people know him for bagging four NBA championships. His partnership with the giant sportsbook will see him share valuable insights and picks on NFL, thanks to his deep knowledge and passion for Football. Moreover, the partnership is expected to change the sports betting culture for the better. A new standard for betting firms has also been set, and we will now start seeing sportsbooks engaging their fans in a better way. Be sure to check how this partnership will unfold and what its impact will be on the sports betting industry.

Celebrating English and Spanish Language Week 2024: The Battle of Dialects in Casino Lingo

Join us this week (22-26 April 2024) as we celebrate the English Language and Spanish Language Days to recognize the linguistic diversity that enriches our understanding and enjoyment of the gaming world. Whether you’re placing a bet in a Las Vegas casino, spinning a “pokie” in New Zealand, depositing a “loonie” at Canadian $1 deposit casinos, or betting “tjips” in a South African online casino, the variations in English and Spanish dialects offer a fascinating glimpse into how language influences our experiences and connections. Join us in celebrating a world of gaming that’s as diverse as the English and Spanish languages themselves.

From the virtual poker rooms of top online casinos to the vibrant live dealer games streamed from around the world, each English and Spanish-speaking region contributes its unique slang to the digital gaming table. This year, we spotlight how these regional dialects shape online casino expressions, creating a diverse linguistic tapestry that enhances the gaming experience.

English Casino Terms and Their Regional Twists

• “Slots” vs “Pokies” vs “Fruit Machines”: While gamers in the US (and, in general, globally) click on “slot machines,” Kiwis in New Zealand play “pokies,” and South Africans enjoy “fruit machines” in their online casinos.
• “Croupier” vs “Dealer”: In live dealer games, the UK might feature a “croupier,” especially at Roulette or Blackjack tables, while in the US, New Zealand, and South Africa, the term “dealer” is more commonly used.
• “Ante” vs “Buy-in”: In online poker, “ante” is widely recognized, but in UK and South African poker rooms, “buy-in” is the more frequent term, reflecting subtle regional language preferences.

Spanish Casino Terms and Their Regional Twists

• “Tragamonedas” vs “Pokies”: While in Spain, they’re known as “tragamonedas” or “tragaperras” in certain Latin American regions, such as Argentina and Mexico, players often refer to them as “pokies,” showcasing regional variations.
• “Crupier” vs “Dealer”: While “crupier” is commonly used across Spanish-speaking regions, in areas like Argentina and Mexico, the English term “dealer” is also prevalent, particularly in contexts of poker and blackjack.
• “Apuesta inicial” vs “Buy-in”: While “apuesta inicial” is commonly used in Spain to describe the initial bet in poker, in some Latin American countries, including Mexico and Argentina, “buy-in” is adopted, influenced by English terminology.

As Minimum Deposit Casinos, our focus is not only about affordability; it’s about inclusivity. By emphasizing unique monetary terms used across different English and Spanish-speaking regions, we tailor our services to be welcoming and accessible to a global audience, ensuring everyone can enjoy the thrill of gaming without the barrier of language or high deposits.

Happy English and Spanish Language Week to all our casino enthusiasts!

Spanish consumers are ordered to declare gambling winnings in tax returns

By Ramona Depares

Spanish gamblers who have been playing fast and loose with their tax obligations are in for a rude awakening as the government is turning its gaze towards tax on winnings from both land-based and online casinos. 

Although up till now the small matter of paying the government its share of any winnings was not particularly enforced, it looks as though things are set to change drastically following a surprise announcement by the tax administration agency in Spain. Agencia Tributaria (AEAT) director general Soledad Fernández stated that the agency would increase its scrutiny of profits from online casinos. Also in the line of fire are profits from cryptocurrency, foreign income and property rentals. 

And, as the Spanish population is on the cusp of filing income tax returns for the year 2023, the decision couldn’t have come at a more inconvenient time. So far, the agency has already issued around 2.9 million notices to taxpayers, including 64,000 notices about winnings arising from gambling and around 1 million notices regarding profits from crypto. The move is unprecedented. 

The Spanish government had already been heavily criticized for lowering the threshold for tax due on gambling profits in 2022. Now, things look set to heat up as critics like the Partido Popular (PP), Spain’s Conservative Party and opposition, are unlikely to let this go by quietly. 

Unpacking the tax requirements for gambling winnings in Spain

There was a time when winnings from the best online casinos weren’t subject to any tax if you’re in Spain – as long as these are under €300. Then, in September 2022 the Ministry of Finance decided to close what it referred to as a “loophole” and to start charging tax on all winnings, including those under the €300 threshold. This was done by amending tax model 190 on personal income declarations for business, economic, gambling, and capital gains, which also required the declaration of prizes of under €300. 

To understand exactly how much tax a Spanish gambler who hits it lucky at online casinos will now have to pay, we need to backtrack a little and cover the different classifications of gambling under Spanish law. 

In Spain, the law recognises two types of gambling activities for the purposes of filing a tax return – the first refers to winnings from state-controlled lotteries, both of which have a long and illustrious history in the country. In this case, the state applies a flat rate of 20% tax on winnings over €2,500 that is applied to a personal income exemption of €40,000 per year. 

The other category is for winnings derived from private gambling outlets. Winnings from an online casino would fall within the latter category, and it’s here that things get a bit more complicated. The actual percentage of tax paid depends on two factors – how much you win and your base income for that year. To put it simply the amount you win is added to your gross annual  income, and the following tax rates are applied to the entire amount: 

• Income (including any winnings) up to €12,450 euros: 19%.
• Between €12,450 and €20,200: 24%.
• Between €20,200 and €35,200: 30%.
• Between €35,200 euros and €60,000: 37%.
• Between €60,000 and €300,000: 45%.
• More than €300,000: 47%.

Up till 2023, any winnings under $300 did not qualify for the above and Spanish gamblers were under no obligation to declare them. As of last year, the requirement of disclosure was imposed on any amount of winnings, no matter how small, with the obligation already in force when the 2022 base year tax return was being filed. However, it’s only this year that the government has stepped up efforts to ensure this law is respected, sending out notices ahead of tax filing season and warning taxpayers that any infringements would be prosecuted. 

Based on the newly-enforced law, let’s say that you win €100 while playing at online casinos, and your base income is $30,000, which means that your total income is €30,100. Here’s how you will be taxed: 

• 12,450 at 19%.
• 7,750 at 24%.
• 9,900 at 30% 

Sports betting and casino winnings need to be declared on a separate form from the regular income. Although this law has been in force throughout 2023, it appears that efforts now are going to be revved up to ensure that Spanish gamblers pay the government its dues.  

So what happens if you fail to declare any winnings? For starters, you’ll be falling foul of the Spanish Tax Agency, which has already declared that it will be going through casino revenue with a fine-tooth comb so as to scope out anyone trying to shirk their responsibilities. If you’re caught, you will obviously have to pay the tax anyway, but you’re also looking at a late payment fee and a fine that can be anything between 50% and 150% of the tax owed. 

Sadly, the chances of being caught out are reasonably high, as the General Directorate of Gaming Regulation in Spain automatically receives all data collected about the identity and activity of players (including winnings). This applies not only to land-based but also to online casinos. This means that they literally have a list of all the names of those who should be paying gambling tax. Very difficult to escape that one, so our advice is in all matters to respect the law! 

Specific declarations on crypto and foreign transactions

Spain has always viewed crypto and foreign transactions (such as those involving NFTs) as capital gains and taxed them accordingly. Taxpayers were always obliged to declare any profits in their annual tax return, with tax being levied on the profit made when you sell your crypto for fiat or for other cryptocurrencies, or even when you sell an NFT. The amount you pay depends on the amount of net profit made, as per the below table: 

• Profits up to €6,000 – 19%  
• Profits between €6,000 and €50,000 – 21%  
• Profits between €50,000 and €200,000 – 23%  
• Profits between €200,000 – €300,000 – 27%  
• Profits over €300,000 – 28%  

The amount of profit is calculated using a specific formula that depends on the price fluctuation since you originally purchased your crypto. Let’s take a concrete example: 

• You buy 0.05 BTC for €3.000 + 2% transaction fees. In this case, your cost €3,060.
• You then sell it for €3,400. This means you’ve made a profit of €340 which is considered as a capital gain and is thus taxed at 19%.

Buying crypto with fiat is not taxable while receiving crypto via a mining process is taxed as regular income. The same applies to any crypto received as a salary.  

So what has changed? While tax rates have remained the same, the finance ministry has sent out strong signals that violations will be taken more seriously. According to Spanish press El Economista, a new tax reform has been enacted allowing the ministry to seize any crypto or NFTs in case of failure to pay taxes. This year the Agencia Tributaria has already sent out 325,000 warnings to those who failed to declare their earnings in time for the March deadline. And, thanks to a collaboration with crypto exchanges, crypto transactions are very effectively monitored. As with the case of those who fail to pay income tax on winnings from online casinos, discovery is very likely. 

How is this likely to affect the best online casinos in Spain?

As the whole world moves towards more effective regulation of online casinos and other forms of gambling, this move by the Spanish government may be annoying, but it certainly is not unexpected. Most European countries and US states are implementing an effective system of rules not only as a means to generate revenue but also to encourage responsible gambling. In view of this, the new tax rules are very unlikely to have a tangible impact on the popularity of the best online casinos, as players become more and more accustomed to this new legal framework. 

What Makes MDC The Best Place for Exclusive Casino Bonuses in The World

Welcome to MinimumDepositCasinos (MDC), the leading online one-stop casino information site for gaming enthusiasts looking to discover and play at the best online casinos. MDC was founded by a group of online casino experts to find you the best bonuses and promotions from leading industry casinos to ensure you get the most value for your money.

So, you can count on us to deliver casino-related information such as games, reviews, recommendations, and news. We’ve gathered all our years of casino knowledge in one spot so you can quickly find what you’re searching for. Every casino we recommend has been thoroughly reviewed for safety, has a legitimate gambling license, and offers a broad range of games from leading software providers. Whether you’re a novice or an experienced gamer, you’re in good hands with us.

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Every casino that we mention on this page has been thoroughly vetted. We compile our results in thorough casino reviews so that you have instant access to all of the most critical information about a casino you are considering.

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First and foremost, before we ever look at partnering with an online casino, they must demonstrate their ability to use their licenses and certifications. We follow extensive KYC (Know Your Customer) checks with all of our partners since the safety of our readers is essential. Have faith in us, and we won’t let you down.

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When it comes to playing at casinos, it’s all about the games, yet everyone has different tastes. Different games require various degrees of knowledge and strategy, with some being more complex than others. So, while an expert player will hunt for the most fantastic deals and begin playing straight away, a beginner can learn and then play for fun or real money.

• Customer Support

Our review team will also look into the company that owns the casino to ensure that no shady activity occurs. We search for customer complaints and security breaches, and we read internet forums and social media comments to stay up to date. We also communicate with the support staff in several languages to ensure they are knowledgeable and helpful.

Find Casinos That Accept Your Chosen Payment Method

When it comes to making deposits and withdrawals at online casinos, the importance of maintaining a high level of safety and security cannot be emphasized enough by us. We have examined every possible banking method and provided comprehensive descriptions of each one. Although some are superior to others, every option has benefits and drawbacks to consider.

If you still need to decide what kind of casino payment method to use, we go over all of the available options on our dedicated page, walk you through how each one works, and discuss both the positives and negatives associated with each one.

We assure you that you will be able to find casinos that are compatible with the payment method of your choice, regardless of whether you prefer credit cards, e-wallets, or cryptocurrencies. Furthermore, we go the extra mile by organizing specific bonus offers at casinos for players who use particular payment methods.

MDC for Players by Players

We have the information you need, whether you are a beginner looking for a safe place to play slots or an experienced online casino player looking for the best bonuses to offer you the most bang for your buck.

You can find a section with the best free spins deals and a list of casino promotions here. We have the answer to any question about information, news, deals, or a list of the best bonuses in the iGaming industry.

Our reviews are produced by casino experts specifically for other casino players. Therefore, they are of the best possible quality. Our website offers information on the best online casinos for each deposit type and the best online casinos for each payment method.

MinimumDepositCasinos is more than simply a service; instead, it is a community that has been developed specifically for casino players by casino players. We provide a personal touch and a shared knowledge of the enjoyment and thrill of online gaming since our design philosophy ensures that we offer more than simply information and bonuses.

More SkyCity Bigwigs Resign

In a surprise development, SkyCity Entertainment Group faces another significant setback as David Christian, the Chief Operating Officer, decides to leave the company. This follows the earlier exits of the company’s CEO, Michael Ahearne, and CFO, Julie Amey, marking another departure from the casino operator’s senior ranks. 

Christian, who had been with SkyCity since 2005 and became COO in February 2021, left his position on April 12, 2024. His departure has impacted investor confidence, leading to a 1.33% drop in SkyCity’s shares to $/€1.85, resulting in an 18.14% decline over the past year. 

In response to his departure, SkyCity has acted swiftly to secure stability, with CEO Callum Mallet stepping in to cover Christian’s duties until a permanent successor is appointed. Callum Mallet praised David’s extensive tenure with the company, highlighting his contributions in many senior positions. Specifically, David’s leadership at SkyCity Adelaide during a particularly challenging period showcased his resilience and strong management skills. 

According to iGB (iGamingBusiness.com), SkyCity board chair Julian Cook stated, “On behalf of the SkyCity Adelaide board and the SkyCity board, I thank David for his tireless efforts and dedication to SkyCity and wish him well.” 

However, these departures represent a major upheaval in SkyCity’s leadership, sparking conjecture and doubts about the entertainment conglomerate’s future direction. Adding to the news, the company behind this best online casino also faces allegations of noncompliance with anti-money laundering and terrorism funding legislation in Australia and New Zealand. 

Uncertain Times for SkyCity

As SkyCity Entertainment Group encounters multiple setbacks and managerial changes, uncertainties surrounding the future of this operator continue to grow. Over the last year, the company has seen severe instability, including the resignation of several senior executives, including CEO Michael Ahearne.  

Ahearne formally left the company in March, with Mallet taking over interim leadership while the operator searches for a permanent replacement. Mallet was formerly the chief operating officer for New Zealand, and SkyCity appointed Brad Burnett to replace him on an interim basis. Burnett was previously the general manager for table games at the Auckland facility. 

SkyCity announced in February 2024 that it expects to pay an additional $/€13 million in casino duty after the South Australian Court of Appeal ruled that gaming machine credits earned through loyalty points should be counted as gaming revenue when calculating casino duty at the SkyCity Adelaide Casino.  

Subsequently, the ruling will impact its underlying group EBITDA by approximately $/€2 million, with the remaining additional casino duty payable for previous periods to be paid as a one-time expense. 

SkyCity’s subsidiary is facing a civil penalty prosecution by the New Zealand Department of Internal Affairs after the company was suspected of violating anti-money laundering and terrorist funding legislation in both Australia and New Zealand. Besides that, the company will also go before Australia’s Federal Court in June. 

Background of SkyCity

Established in 1996, SkyCity is a subsidiary of SkyCity Entertainment Group Limited, one of the world’s leading tourism, leisure, and entertainment companies. In addition to the online casino, which is available to players in New Zealand and Australia, the company also runs land-based casinos in Auckland, Hamilton, Queenstown, and Adelaide. 

The company is publicly traded on both the New Zealand Stock Exchange and the Australian Securities Exchange. Its shareholder base includes institutional and individual investors. As a result, the company employs strong corporate governance standards overseen by its board of directors to guarantee compliance with guiding principles. 

Brick-And-Mortar  

SkyCity operates entertainment complexes in New Zealand, more specifically in Auckland, Queenstown, and Hamilton; as well as in Adelaide, Australia. These venues provide a variety of services, including gambling areas, entertainment, and high-end bars, with the goal of appealing to both local and international visitors.  

There are also luxury hotel accommodations at the resorts in Auckland and Adelaide. Furthermore, some places have excellent dining options, with the dinner menu allowing you to sample items before making a decision. Most importantly, visitors can join the elite Premier Rewards club, allowing them to participate in special draws and events and enjoy great-value meals and beverages.  

Online Casino Platform 

In addition to its land-based casino activities, SkyCity Online Casino provides New Zealanders with a fun and immersive low-deposit casino experience. The website first went live in 2019 and has since been the go-to betting hub for New Zealanders due to its incredible game offering, professional support channels, and responsible gambling practices. 

Players can enjoy over 1,000 slots, card games, and live dealers from the world’s leading casino software studios, the likes of Evolution, NetEnt, Pragmatic Play, and Microgaming. There’s even a wide selection of bonuses and promotions available to claim once registered. Find out more about the online platform by checking out our SkyCity Casino Review. 

Regulatory Scrutiny and Legal Disputes

The DIA of New Zealand has announced plans to file civil penalty proceedings against SkyCity Entertainment Group in the High Court. This legal move increases the company’s problems, potentially indicating regulatory attention and financial consequences.  

SkyCity Casino Management Limited is accused of failing to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. In the event that such claims were proven partially or completely true, SCML could be fined an amount of up to $/€8.0 million. 

Draft filings outline five causes of action deemed “important” compliance concerns under the Act. SkyCity stated that these issues are primarily historical, with some having previously been self-reported to the department.  

SkyCity’s net debt was $/€443 million in June, with an additional $/€390 million in undrawn debt reported. In last year’s annual reports, the company stated that it expected that sum to rise due to some big one-time payments but that it would remain comfortably within its debt limits. 

However, things could get worse before they improve. SkyCity has written down the value of its Adelaide casino by $/€45.6 million. However, an independent examination by the South Australian government into whether it should be stripped of its licence is still pending. It will not begin until a settlement with AUSTRAC is struck.  

Asset sales must be discussed among the executives attending, at the very least. On the other hand, it might not be easy to find a buyer willing to pay anything near the middle market for an asset with as many barnacles as Adelaide. 

In New Zealand, online casino regulators are still considering suspending SkyCity’s licence for 10 days due to alleged violations of regulations governing reducing gambling harm to customers and incidences of ongoing play.  

Additionally, SkyCity’s warnings about a likely fall in EBITDA in 2024 serve as a sobering reminder of the looming economic issues. Such forecasts reflect the considerable uncertainties confronting the entertainment and hospitality industries and highlight the importance of bold leadership and strategy recalibration in surviving these tumultuous conditions. 

Despite recent problems, SkyCity remains a significant player in the regional entertainment industry, ready to manage new challenges with tenacity and agility. SkyCity announced this week that Jason Walbridge, a strategic adviser to Aristocrat Leisure, will become the company’s CEO in July. He’ll arrive at a moment when the rollercoaster has little chance of slowing.

Latvia Concourt finds that gambling restrictions have breached the Constitution

By Ramona Depares  

It’s finally official – the Latvian government cannot stop casinos from operating in the country’s capital of Riga. The Constitutional Court recently released its ruling on the matter, deeming the forced closure of some 42 gambling halls from within the historic centre of the capital to be an illegal and unjustified violation of rights.

This ruling effects the organization of gambling, including the operation of online casinos, as a legal form of business in conditions of free competition, the Constitutional Court noted that commercial activity is one of the prime intended uses of the city of Riga. On this basis, the court ruled that Riga Municipality had failed to bring forth valid reasons why the commercial activity of gambling should not be allowed and thus reversed the government decision.

Both land-based and online casinos in Latvia are licensed to operate by the Latvian Gambling and Lottery Supervision Inspection, which makes such activities 100% legal.

Latvian Gambling Business Association says rights were violated

Trouble started brewing when the Latvian government decided to enforce a legal provision stipulating that providing gambling services is not allowed in the entire administrative territory of Riga unless the gambling venues are located within four or five-star hotels. The provision resulted in a number of gambling hall operators having their premises closed down. All the operators were working with a valid license.

The legal regulation in question was enacted by the Riga City Council some six years ago. In 2021, the municipality devised a new spatial plan that necessitates the closure of gambling halls in order to be implemented. Then, in September 2023, the council took the definitive step of revoking the gambling licenses of 139 gambling halls, giving them a five-year time limit to close down operations.

This prompted the Latvian Interactive Gambling Business Association (LIAB), which is tasked with presenting a united industry opinion and promoting responsible gambling, to cry foul, stating that the measure violated the rights of several people, including the licensed operators and the foreign investors who had placed their trust in the businesses.

As a result, several entities filed legal complaints about the issue, until the matter ended up in front of the Constitutional Court. The list of complainants included Olympic Casino Latvia, Alfor, and Joker, who claimed that the municipality’s new spatial plan violated Article 105 of the Constitution, which safeguards property uses and license restrictions through lawful channels.

The spatial plan was temporarily suspended by the Minister of Environment Protection and Regional Development Artūrs Toms Plešs, delaying the closure of gambling halls. However, the next minister, Māris Sprindžuks, reversed his predecessor’s decision. The Riga City Council finally brought matters to a head by revoking 139 licenses and closing off 49 gambling establishments, claiming that this would protect the public from the negative effects of gambling.

As a result, the matter ended up being debated in front of the highest court of the country, where the Riga Municipality defended its position by insisting that the government had every right to restrict gambling activities in certain areas. However, while the court agreed with this in principle, it added that the organization of a gambling business is a lawful commercial activity in keeping with the conditions of free competition.

Communicating its decision to LETA, which is the main Latvian news agency, the court explained that when limiting this right the municipality must offer a just reason for this decision, otherwise it is a direct violation of human rights. The court explained that, in order to be legal, such gambling restrictions are not only the protection of the rights of residents to be shielded from the risks of problem gambling that need to be considered. The municipality also needs to respect the right to business that’s protected by Article 105 of the Latvian constitution. Banning gambling in sensitive areas like where there are educational, cultural, sports or children’s facilities is reasonable, but the municipalities must first carry out an assessment exercise to determine all such relevant aspects.

The Riga City Council had failed to carry out this step before it decided to impose gambling restrictions on the entire territory of Riga. In view of this, the court decided that the provisions violated the Constitution and thus revoked them in their entirety.

Background of Gambling in Latvia

Land-based casinos were legalized in Latvia way back in 1998 and, since then, it has been working on improving its legal infrastructure. In 2005, the law was updated to include online casinos, providing a solid framework for all offshore gaming activities. All gambling activities are regulated by the Lotteries and Gambling Supervisory Inspection, which covers casino gaming, poker, bingo, and betting. Fantasy gaming is yet to be legalized.

Latvia is one of the few jurisdictions that has zero tolerance for unlicensed online casinos, and it has so far succeeded in enforcing this rule. As a result, the country is in fact known for having some of the top online casinos in the world, with excellent responsible gambling tools and high security standards.

Since 2021, and partially due to COVID, land-based gambling is waning in popularity while the use of gambling sites is on the rise, with revenue from offshore gambling increasing by 91.8% in 2021. Online casinos brought in the lion’s share of this revenue – €87.8 million out of €109.

Will online casinos push gambling halls out?

While it’s too early to predict such a drastic measure, statistics show that Latvians are increasingly turning to online casinos rather than gambling halls. Still, whatever the future might hold, operators in the territory are undoubtedly celebrating this celebrated win. The future of gambling halls in Riga is, so far, guaranteed.

Proposed Revisions to the Bulgarian Gambling Act Rejected by Parliament

The Bulgarian Parliament rejected proposed amendments to the Gambling Act aimed at reducing the broad influence of gambling-related ads at new online casinos. The amendments, offered by Kostadin Kostadinov of the Vazrazhdane party, were defeated 67-29, despite backing from BSP for Bulgaria and the populist group “There Is Such a People”.  

The proposed measures aim to address social problems associated with gambling, including the implementation of stronger advertising regulations at top-rated online casinos and the establishment of an empowered register for those suffering from gambling addiction. 

However, dissident voices from GERB-UDF warned about the potential negative impact on municipal sports institutions, noting that such measures would only scratch the surface of addiction’s underlying roots. 

The Proposal Also Included a Fine for Media Outlets

Earlier this week, some of Bulgaria’s best brains joined in the endless debates about gambling in Sofia’s Parliamentary House. The controversy began at the end of last year when Kostadin Kostadinov and his nationalist party, Revival (Bulgarian: ‘Vazrazhdane’), drafted a proposal to change specific provisions of the country’s current Gambling Law.  

Kostadinov’s goal was to develop a more consistent regulatory structure. One noteworthy point of interest was the near-complete revision of advertising restrictions at best online casinos.  

The reforms were sought because the political party Vazrazhdane feels that they are required to combat the onslaught of ads for gambling that dominate TV, radio, and other electronic media, reaching children and vulnerable people – a clear violation of present legislation. 

Four months after Vazrazhdane stated the draft, Kostadinov spoke from the Parliamentary tribune on March 29th, criticising his colleagues for their lack of interest in the document and the failure of the competent committees to review it.  

According to the Bulgarian News Agency, he said that Vazrazhdane would once again campaign for the amendments’ adoption, bringing the proposed modifications up for consideration during the first plenary session in April.  

Will Banning Advertising On Gambling Solve Any Problems

Lyuben Dilov, a member of the GERB-UDF party, expressed concerns about the proposed Gambling Act changes. According to Gambling News, Dilov went on to say that if the proposed modifications, which include a blanket ban on gambling advertising, are passed, these institutions will lose a significant source of revenue. 

He was especially concerned about these reforms’ potentially harmful impact on municipal sporting institutions, which frequently rely on sponsorships and relationships with gambling enterprises for money and sponsorship.  

Dilov disagreed with the idea of entirely prohibiting gambling advertisements. He stated that such a policy would simply address the symptoms of gambling addiction rather than the underlying reasons. In his opinion, the core causes of gambling addiction are linked to human nature and personal circumstances, which he feels should stay “untouched and unchanged”.  

This implies that he believes people should be free to make their own decisions, including the decision to gamble at low-deposit casinos. Instead of implementing blanket restrictions, more focus should be placed on providing treatment and support to people suffering from addiction. 

In essence, Dilov’s argument is about striking a balance between the necessity to protect vulnerable people from the evils of gambling and the potential economic consequences of severe laws, as well as addressing the main causes of gambling addiction. 

Implications for the Gambling Industry in Bulgaria

During the parliamentary debate, Clement Shopov, a fellow Revival member, raised the issue of problem gambling, referring to it as ‘the quiet addiction’ due to the stigma associated with it. He listed other European countries, including the Netherlands, Belgium, and Italy, as examples of severe advertising regulations Bulgaria should try to emulate. 

He emphasised that the goal of gambling ads, in his opinion, was not just to attract new customers at casinos with a minimum deposit but also to hold the attention of vulnerable people – who, it was argued, were the most profitable for the gambling industry.  

Regarding the planned withdrawal changes, Shopov stated that consumers should be able to get quick deposits and winning settlements from land-based casinos up to a maximum of $/€5,000. He believes this will discourage clients from returning since banks can sometimes take several days to transfer payments. 

Furthermore, Shopov advocated for eliminating gambling operator licencing fees in favour of a 15% tax levy on all deposits made, as was the case before 2014, when the Bulgarian Socialist Party was in power. He believes this will create a more equal and viable gambling industry in Bulgaria. 

Another proposed change was to compel players to stay on the self-exclusion register for at least two years. This was done to address players’ ability to migrate between online casinos and get past bans. 

The proposed amendments were rejected in a recent plenary session because the political majority abstained despite the support of a populist minority. However, the future of Bulgaria’s gambling business remains undetermined, as early elections will likely occur in June. 

Implications for the Gambling Industry in Bulgaria

The suggested changes’ impact would be determined by the details of the carried-out amendments and their enforcement. However, these places could have major consequences, such as: 

• Advertising Restrictions: Prohibiting gambling advertisements could significantly alter the marketing landscape for gambling firms, potentially diminishing their visibility and impacting customer acquisition efforts. 
• Levy Adjustments: Adjustments to licensing taxes and gambling levies may pose financial challenges for gambling companies, with potential outcomes ranging from increased to decreased financial burdens. 
• Regulatory Oversight: The transfer of regulatory oversight from the State Commission on Gambling to the National Revenue Agency could alter industry regulations, licence issue procedures, and compliance monitoring. 
• Tax Revisions: Proposed changes would bolster fiscal revenue, particularly through equal taxation of land-based and online wagers on sports, horses, dogs, and random events, as stipulated in the amended Gambling Act. 
• Impact on Sole Traders: Amendments could heighten financial requirements for small entities within the sector and restrict sole traders’ access to casino and gaming hall licenses, potentially impeding their participation in the industry. 
• Self-Exclusion Measures: Improving the efficacy of the national self-exclusion registry could provide better protection for people who want to refrain from gambling activities. This falls in line with responsible gambling measures and could help minimise problem gambling.  
• Increased Payouts: Doubling land-based win payouts from $/€2,500 to $/€5,000 may enhance the appeal of land-based gambling for players, yet could also foster increased gambling activity and, consequently, problem gambling occurrences. 

Following the proposal’s defeat, all stakeholders are now intensely focused on the Bulgarian Parliament, waiting to see whether the proposal will be revised for re-submission or a new proposal will be created and submitted to the parliamentary floor for discussion. The verdict will undoubtedly affect the future of Bulgaria’s gambling and online casino industry.

Exploring What BetConstruct’s Metaverse Casino Looks Like

By Shadrack Kairu

The online world is evolving at rapid speed and today we are witnessing a real metaverse casino in the making. Software provider, BetConstruct, has created a metaverse platform called BCVerse – we couldn’t be more thrilled about it. This platform is still in the final stages of development and will be launched soon. For us, World Creativity and Innovation Day 2024 on the 21st of April is the perfect opportunity to showcase the future of top online casinos.

The term “metaverse” has been thrown around a lot but let us take you through what it actually means. Well, we have reviewed it, and here is what we’ve found.

What is the Metaverse?

In a metaverse casino, players can move around virtually, explore, and test out new casino games. Whereas in an online casino, players are limited to a single website.

The metaverse consists of 3D spaces where people can explore by moving with their avatars and interacting with their surroundings.

This is made possible through special effects and animation (like in movies or video games) and real-life and immersive sound effects. Each world you step into is customized environments designed specifically for players of diverse backgrounds.

How Metaverse Casinos Integrate Virtual Reality (VR) Technology

Ther use of virtual reality (VR) technology id magnificent. When you put on a VR headset and enter the casino, you’re suddenly transported into a fully 3D, incredibly realistic gaming environment. The level of detail is amazing too. You can see every part of the slot machines, the cards being dealt at the tables, and even the expressions on the other players’ faces. It really feels like you’re standing in the middle of the casino.

But the VR experience goes beyond just great visuals. The technology also lets you interact with the casino using natural movements and gestures. Want to place a bet? Just reach out and tap the table. Feel like spinning the roulette wheel? Grab it and give it a spin. This makes the whole experience feel so much more real and lifelike.

The VR integration also opens up new ways to experience casino games. You might find yourself viewing the entire casino from above to give you a bird’s-eye view to plan your strategy. Or you could get a totally different perspective on the games, thereby making them even more exciting.

As the VR technology keeps improving, you can bet the metaverse casino experience is only going to get better. Sharper graphics, more realistic haptic feedback, and even tighter connections between the virtual and real worlds are all on the way.

Casino Brands Available in the Metaverse Casino

One of the most brilliant features is of how they incorporated casino brands into the virtual casino floor. As a start, some of the most favored casino brands have already got their foot in the virtual door. And you can review some of the options below:

• HollywoodBets South Africa
• Betsson
• LV Bet
• Gbets
• Vbet
• Circus
• Dafabet
• Interwetten
• Play.co.za
• Apuesta

How to Get Started Designing Your Own Avatar

Upon setting up an account, you’re allowed to design your own avatar to serve as your digital representative within the casino. It’s through this avatar that you’ll interact with the gaming environment and engage with other players. Make your identity unique – choose a cool new hairstyle, wear fancy casino clothes, it’s all up to you!

The Role of Virtual Coins at Metaverse Casinos

In the metaverse casino, traditional fiat currencies are often replaced by virtual coins or tokens. These digital assets serve as the primary medium of exchange and allow you to make wagers, collect winnings, and participate in various in-game activities.

Using digital currency comes with several advantages including faster transaction times, reduced fees, and enhanced security through the implementation of blockchain technology. Additionally, the decentralized nature of these digital assets empowers players with greater control over their financial dealings.

To get started, you’ll typically need to create a digital wallet to store and manage your virtual currency. This wallet, which can be accessed through a dedicated app or web interface, allows you to securely deposit, withdraw, and track your earnings.

The process of obtaining virtual currency often involves exchanging real-world fiat money for the casino’s proprietary tokens or cryptocurrencies. You may also earn virtual assets through successful gameplay, participation in community events, or even through the completion of specific tasks or quests within the casino.

Worth noting is that you can seamlessly convert between virtual and real-world currencies at most metaverse casinos. What this means is that you’re able to withdraw winnings, transfer funds to external accounts, or even use your virtual assets to purchase physical goods and services.

Payment Methods Available at BCVerse

• Mastercard
• Visa
• EcoPayz
• Jeton
• PayPal
• AstroPay
• Inpay
• iDeal
• Nuvei

How Secure are Metaverse Casinos?

Metaverse casinos use blockchain technology to build an unbreakable fortress around your information and money. These casinos also use the most advanced encryption and digital wallets to protect your virtual money. The encryption keeps your funds 100% safe from thieves. The digital wallets also make sure only you can access your money.

Finally, all metaverse casinos must follow strict rules to prevent money laundering and know their players. This helps to protect the casino and the players.

How BCverse is Transforming the iGaming Business

For users, BCverse offers a cutting-edge combination of gaming, networking, and commerce. The platform allows you to control your own avatars and access BetConstruct’s solutions while also exploring new business opportunities.

One of its standout features is its advanced AI assistant technology. These AI assistants are available 24/7 and can communicate in over 100 languages, providing you with instant support and guidance on navigating the platform and its offerings.

BCverse is also designed to be a truly comprehensive platform for online business. You can utilize the virtual spaces for networking, collaboration, and even conducting commercial transactions. In the developer’s words, BCverse seeks to provide an “unparalleled niche” for businesses to thrive in the metaverse, where ideas can be transformed into real-world solutions.

The launch of BCverse is a significant milestone for the iGaming industry, as it marks the first time a dedicated metaverse platform has been introduced specifically for this sector. For businesses, it presents a unique opportunity to explore new avenues for growth and innovation.

Here is How you can Test out Casinos at BCverse Yourself

Step 1: Visit the BCverse website at https://meta.betconstruct.com

Step 2: On the homepage, you’ll see the “Use Your Email” or “Explore” button. Click on either one to begin the registration process.

Step 3: Enter your email address and create a secure password. Make sure your password is at least 8 characters long.

Step 4: Agree to the casino’s terms of service, and you’ll be on your way.

Step 5: Check your email for a 5-digit verification code, and enter it on the next page within 30 seconds to complete your account registration.

Step 6: Finally, you’ll be asked to generate a unique nickname for your avatar. This is your chance to create your digital persona and personalize your experience within the platform.

Once you’ve completed these steps, you’ll be granted access to your personal dashboard, where you can explore the various casinos and sportsbooks on the floor.

What Games to Expect

Players can expect the usual suspects available from software providers they know and love. These include table games like poker and blackjack, optimized for a great virtual experience.

Wagering options

The integration of cryptocurrencies and virtual currencies in metaverse casinos introduces new and more flexible wagering options. Players can engage in traditional betting formats, as well as explore novel wagering mechanisms that leverage the unique capabilities of the virtual world.

Regulatory compliance

As metaverse casinos operate in a rapidly evolving legal and regulatory landscape, they must adhere to stringent financial compliance measures. This includes implementing robust anti-money laundering (AML) protocols, Know Your Customer (KYC) procedures, and other safeguards to ensure the integrity and security of player funds and transactions.