Gaming and Gambling Industry
The Online Casino Bonus Fine Print
One of the factors players look out for when choosing an online casino is its bonus. Instead of going on a merry go round looking for an online casino site that offers good bonuses, you can easily find casino bonuses with Casinobernie.
The alternative is to do a simple Google search and search for online casinos with bonuses. This will unfortunately not bring out the list of the best casinos with bonuses. Why? The problem with using Google is that the algorithm is programmed to bring out results only from sites that fulfill its Google SEO requirements. These sites do not necessarily have the best online casino bonuses, rather they just know how to write for Google.
If you do not know what online casino bonuses are or what to learn more about it and how it can benefit you, this guide is specially made for you.
What are Casino Bonuses?
Casino bonuses are incentives offered by online casinos to attract new players or reward old players. In the online casino market, bonuses are not just a feature but a necessary one that nearly all online casinos offer. The casino market is so competitive that an online casino will be doing itself a disservice by not offering any bonus while its competitors are offering.
One of the advantages of registering with an online casino is the welcome bonus offer. Online casinos offer new entrants’ welcome bonuses on completion of registrations. It can be in the form of free spins or bonuses on several first deposits.
Why Casinos Offer Casino Bonuses?
Online casinos offer bonuses as an incentive to attract new players and win back the loyalty of old players. It is a fundamental part of the online casino industry. There are tens of thousands of online casinos across the world and for one to stand out, it needs to offer an attractive package that players cannot say no to. What package is more attractive than too good to be a true bonus?
What to Expect from A Casino Bonus?
Casino bonuses are an ingrained feature in the online casino industry. It is an effective and proven method for attracting new players. Online casinos are no doubt not going to stop offering a proven marketing and winning formula.
A casino bonus may come in two forms: free spins and free currency. The drawback of the free currency bonus is that you cannot withdraw it immediately, you have to use it to play the online casino games and meet the wagering requirement before you can withdraw your winnings. Easy, right?
A wagering requirement refers to the number of types you are required to wager that casino bonus before you can collect your winnings. For example, Casino A offers you a no deposit bonus of $10. It has a wagering requirement of 10X. This means that you have to wager that no deposit bonus amount ($10) ten times to be able to withdraw any winnings.
Before going after any online casino bonus, note that they have their terms, conditions, and period within which you have to use them. Reading the boring and tedious terms and conditions is not an easy task, you have to skip to the real deal. Wait! Read it to be double sure of what you are getting into.
99 percent of the time, those big bonuses that look lucrative have stringent requirements that are tough to meet. Online casinos know that players hardly read the terms and conditions, so they exploit it in their favor.
Casino bonuses are voluntary except the bonuses you get with no deposit. You can choose to opt-out of the bonuses or ignore it completely. Some online casino bonuses as part of its terms and conditions set a minimum sum a player must spend wagering on the casino before the winnings from the bonus can be withdrawn.
The no deposit bonus, which is the bonus offered by some online casinos as a reward for registering also has its terms and conditions. Some casinos do not allow more than one household to enjoy their welcome bonus. Any failed attempt to trick the online casino can result in you losing your account, suspension from the casino site, and forfeiting your winnings.
Are Casino Bonuses Worth It?
Casino bonuses are worth it if you can find one with favorable terms and conditions. They help increase your odds of winning.
However, not all casino bonuses are worth it. Some are a total regret and if you sign up to it, you may end up wasting your time due to its difficult requirements. Some casino bonuses are game targeted which is not ideal if you do not like playing that particular game.
Blockchain
Exploring the Future of Gambling: GamingTech CEE Panel Unveils the Power of Web3, Blockchain, XR, VR, and AR
GamingTech CEE is around the corner, taking place on September 26-27, 2023, at the prestigious Ritz Carlton Budapest. The leading event for exploring the latest tech innovations in the gaming industry within the Central and Eastern European (CEE) region promises to be a game-changer, featuring panel discussions on a wide range of topics.
The ultimate destination for industry professionals, innovators and enthusiasts, GamingTech CEE – brought to you by the #hipthers – offers a unique opportunity to gain a deeper insight into how the gaming industry is evolving within the region. With a focus on compliance, innovation, and networking, this event offers a platform for industry professionals and enthusiasts to stay ahead in the dynamic world of gaming technology.
“The Intersection of Gambling Industry with Web3/Blockchain/XR/VR/AR” panel discussion will take a closer look at the integration of innovative Web3 technologies into iGaming. Dean Rakic, Chief Scientist at Blockcontrol, will serve as the moderator, bringing together experts and innovators from the gambling industry and technology sectors. The panel aims to explore the transformative potential of Web3, blockchain, XR (Extended Reality), VR (Virtual Reality), and AR (Augmented Reality) in reshaping the future of gambling.
As technology continues to revolutionize the gambling landscape, understanding the synergies between the gambling industry and these cutting-edge technologies has become imperative. The panel will delve into key topics, including:
- Web3 and decentralized gambling platforms: Exploring how Web3 and decentralized technologies can disrupt traditional gambling models, increase transparency, and enhance player trust through decentralized platforms and smart contracts.
- Blockchain in gambling: Discussing the applications of blockchain technology in the gambling industry, including secure transactions, provably fair gaming, identity verification, and transparent record-keeping. Exploring the potential benefits and challenges of blockchain adoption.
- XR, VR, and AR in immersive gambling experiences: Examining how Extended Reality (XR), Virtual Reality (VR), and Augmented Reality (AR) can create immersive gambling experiences, enhance user engagement, and blur the boundaries between physical and virtual gambling environments.
- Tokenization and digital assets: Exploring the integration of digital assets and cryptocurrencies in the gambling industry. Discussing the potential of tokenization for in-game assets, digital collectibles, and innovative reward systems.
- Responsible gambling and user experience: Addressing the ethical considerations and responsible gambling practices in the context of emerging technologies. Discussing how XR, VR, and AR can be leveraged to promote responsible gambling behavior and create engaging, safe, and immersive user experiences.
- Regulatory challenges and opportunities: Analyzing the regulatory landscape and potential challenges associated with the adoption of emerging technologies in the gambling industry. Exploring the opportunities for collaboration between regulators, technology providers, and gambling operators to foster responsible innovation.
- Future trends and opportunities: Gaining insights into the future trends and opportunities at the intersection of Web3, blockchain, XR, VR, and AR in the gambling industry. Discussing the potential impact of these technologies on user acquisition, player engagement, and market expansion.
Panelists
- Arthur Stadler – Attorney and Founding partner at STADLER VÖLKEL Attorneys at Law
- Daniel Gunba – Founder / CEO of TRIIONFT
- Sönke Kirchhof – CEO at INVR.SPACE
- Manuel Messner – CEO at Mazing GmbH
Register to the event
GamingTech CEE is more than just a conference; it’s a platform for networking, knowledge sharing, and fostering collaborations in the gaming technology sector. Attendees will have the chance to connect with industry leaders, explore cutting-edge innovations, and gain a competitive edge in this rapidly evolving industry.
Registration is still open for those interested in joining this and other enlightening discussions and being part of the GamingTech CEE experience. Register for the conference now or find out more about GamingTech CEE on the official website.
Blockchain
BMM Testlabs Grants the First Compliance Certification in the Blockchain Industry to Chainlink VRF
BMM Testlabs, the longest established and most experienced private independent gaming testing laboratory in the world, announced today that Chainlink VRF, the blockchain standard for verifiable randomness in gaming and NFTs, has received the GLI-19 compliance certification through BMM Testlabs.
Chainlink VRF (Verifiable Random Function) is the blockchain industry’s most widely adopted random number generator (RNG), enabling smart contracts to access random values without compromising security or usability. VRF is used for minting NFTs, randomizing in-game features, and much more. Since it first launched, VRF has served a cumulative 7.9 million randomness requests. VRF V2 launched in February 2022, reducing transaction fees and empowering smart contract developers to build the next wave of provably fair and scalable NFT and gaming applications.
Maria Romero, Business Development Manager for iGaming at BMM Testlabs, commented, “As one of the first certifications in the blockchain industry, BMM is paving the way for companies developing blockchain-based gaming solutions to become certified in a secure and compliant way that was previously unavailable.
”By using this certified random number generator for iGaming applications, developers can rely on the security best practices built into the Chainlink VRF offering. This ensures that the randomness is both verifiable and tamper-proof using a trust-minimized approach, reducing the potential for human error.
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