Mr. Green Casino Online Revenues Up

A number of casino online sites reported significant growth in their revenues for third quarter this year. Mr Green, a Scandinavian iGaming operator is one of the lucky operators that experienced such growth. According to the operator’s report, the revenue growth has been maintained for three quarters in a row before amortization, depreciation and interest.  The total third quarter soared as high as SEK168.5 million that is equal to 35.8% increase as compared to the same quarter in the previous year’s SEK 124.1 million. According to Mr. Green’s chief executive officer, Mikael Pawlo, the online casino has maintained an upward trend in the third quarter in both profits and sales as compared to the same period last year.

Pawlo further explained that the company will continue to capture the market share and outgrow the market with more focus on expanding internationally. With this, Mr. Green won’t have to depend much on each market they operate. Mr. Green’s CEO also believes that they will be able to successfully expand to different markets with its perfect pair of creatively and meticulously developed products and the well-established brand. With great games, they can easily attract players from all over the world regardless of their region and country. Pawlo further explained that the strategy of tirelessly developing their products specifically the mobile apps as well as the expansion to international markets will bring them all favorable outcomes and will help them eventually outgrow the market.

Mr. Green’s EBITDA also increased for this year’s first three quarters. Compared to the first nine months last year, the online casino’s revenue is up by $41.3% this year. The figures simply show that all efforts behind operations of Mr. Green have finally paid off. However, there are still a lot of hurdles to pass considering the heightened competition in the online casino market. Nevertheless, with the effort and top quality games, it will not be too difficult to tackle. Additionally, Mr. Green already has a strong customer base and popular among players to every market it enters. Casinos online that do well when it comes to generating revenues should be able to maintain the growth by continuously offering games to all its players.

South Park Slot Scheduled for Release the Soonest

The official debut of the newest South Park themed game entitled Reel Chaos will soon join the mainstream in October 2014. Net Entertainment, industry leader in making and developing innovative gaming software, announced the release of their newest addition to the repertoire. South Park: Reel Chaos is expected to showcase top notch excitement and entertainment to its numerous fans and diehard followers of South Park. The casino online community anticipates the 5 reel game with 20 pay lines complete with a wide range of fantastic features from the TV show. All the favorite characters in South Park are featured in the game. There are also bonus features such as multipliers, overlay wilds, running bonus spins, and stacked wilds.

According to initial reviews, various highlights of Reel Chaos have been much awaited and anticipated. A comprehensive range of bonus features are showcased in the South Park themed game with favorite characters all represented. The raccoon suit definitely fits Cartman who puts an end to the Malicious Mooning event. The Cartman symbol triggers a stacked wild bonus when landed on the reels. Mysterion or popularly known as Kenny guarantees a multiplier bonus with 5x bigger rewards. Kyle on the other hand joins the spree who takes on the Human Kite symbol. The symbol eliminates evil minions landing on the reels and becomes an additional wild symbol. This could substitute other symbols in order to trigger the winning combinations. Stan is the other symbol in the game referred to as the Tool Shed. The symbol activates the re-spins with 10 times multiplier during payout.

Net Entertainment takes pride in its full range of exciting features for its newest South Park title. For instance, the Mintberry Crunch is the bonus spin feature activating huge prizes and freebies when three bonus symbols appeared on the reels. According to reviews, the bonus features could also guarantee and increase multipliers as well as much bigger bonus wins. There are tons of other Net Entertainment powered gambling titles to look for in the huge repertoire of the Internet game software developer. There are various gaming operators now offering remarkable games from the Net Entertainment collection such as Winner Casino.

Belgium to Welcome Two New Casinos

Belgium, one of the fastest growing markets in the bookmaking industry in the UK announced that there are plans to open two brand new gaming properties in the region. According to casino online reports, if the plan converts into action, this will increase the number of terrestrial gaming operators in Belgium to 11. Many Internet gaming fans are ecstatic and excited about this development. According to the newly-formed Belgian government, two land based properties will be built. The overall number of casinos in the country jumps from 9 to 11. The move is to ensure the enhancement of the economy of Belgium which is one of the most affected due to the current European recession.

The announcement regarding the physical gambling venues opening in Belgium is remarkable news even for Internet gaming players. In the present, the government imposes a mandatory requirement for all mobile casinos to be in partnership with a land based gaming property in order to legally operate. Some of the mobile gambling sites legally operating in Belgium and that have received their license are Bwin.Party, Unibet, Ladbrokes and Internet poker room, Poker Stars. There is a huge difference in accessing Belgium based game sites compared to countries such as France, Italy and Spain. For instance, players are allowed to take part in games that could be accessed in a global pool. In a country with a total population of 11.2 million, gambling may continue to be a national sport. When it comes to tax laws, Belgium does not impose taxes on the winnings of players.

Although there is previous tax legislation exempting winners from taxes, this trend could dramatically change as the government seeks more tax revenues. Belgium’s financial sector reiterates that professional players should by all means comply with winning taxes. Based on the statement of the Belgium administration, regular players of poker who invest time and effort into their profession must have their winnings declared as income thus subject to taxation. However, there are sectors that see this tax law change as a burden especially for professional poker players as experts are saying those who generate enough earnings must comply with a 75% tax.