NetEnt’s Mega Fortune™ slot secures SlotMillion’s first ever millionaire

Netent, a leading provider of digital gaming solutions, has given one lucky player a perfect start to 2018 when he won a jackpot of €2, 553, 604. 67 while spinning the reels of the progressive jackpot slot "Mega Fortune".

PRESS RELEASE, 30 January 2018 - The €2. 5 million prize was awarded by a player based in the UK, who wished to remain anonymous and who had only signed up with slotsmillion just a few days before his life-changing win.

Mega Fortune is a 5-reel, 25-bet video slot with the largest interred jackpot online, a luxury themed game that gives players hints on what to do if they hit the Mega Jackpot.

Netent saw its first multi-million euro jackpot of the year after paying out over €75 million in 2017.

The last jackpot fell on 23 January 2018 at 20:03GMT.

Henrik Fagerlund, Head of Product at Netent, said: "What a fantastic start to the year for the lucky winner. We are thrilled to have been a part of his life-changing moment.

"Mega Fortune is a long-standing favourite with Netent players, so the first win of 2018 is no surprise and we wish everyone a lucky year for spinning it!"

For more information, please visit: [email protected]

Netent AB (Publ) is a leading digital entertainment company, providing premium gaming solutions to the world's most successful casino operators. Since its founding in 1996, Netent has been a true pioneer, delivering exciting games on industry-leading platforms and setting the pace in the market. With innovative technology at its core, Netent is committed to supporting its customers to get an edge over the competition. NetEnt is listed on Nasdaq Stockholm (NET-B) and has 900 employees with offices in Stockholm, Malta, Kiev, Gothenburg, New Jersey, Krakow and Gibraltar.

Source European Gaming News

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European Gaming News

Could the Gambling Commission ban wagering requirements?

September 13, 2022

Now that gambling is being reviewed, it is a great opportunity to discuss whether betting claims are still in modern gambling and prohibit the next review. But before that, let's take a look at the growth of gambling conditions and why the gambling conditions are controversial in the industry.

What are wagering requirements?

The betting condition is a general term related to bonuses, and is a condition to prevent players from being offered immediately after receiving an offer. The conditions applied by each gambling brand are different. In some places, such as Playojo, Paddy Power, MRQ, Betfair, we have revolutionized the casino scene by providing bonuses without a bet. Conversely, other gambling brands offer a conditional bonus of up to 100 times (average about 30 times).

The condition is the amount that the player has to bet on a casino before withdrawing the prize gained from the bonus. In the case of a 10 0-pound bonus, the 30 times the condition means that the player must bet a total of 100 x 30 = £ 3. 000 before pulling out the prize money. Most players will easily run out of prize money before satisfying this condition. Also, most bonuses expire within 7 to 14 days, so players may be forced to play for a certain period or, sometimes, for a period.

Why do wagering requirements exist?

In the dawn of online casinos, the players were thriving bonuses. In the forum, the player has begun to share information on where and how to use the best welcome bonus, make money from available promotions, and not play on that site again.

The casino seems to be able to bring out bonuses and prizes to the betting conditions and accounts that suspect such an act when the player receives the bonus and pulls out without using the bonus fairly. I fought this act under other conditions.

However, at the time there were no limits or official licensing rules regulating wagering requirements, and so things quickly got out of hand, with operators setting high limits that were unattainable for most players. Furthermore, in many cases the terms and conditions were not clearly displayed or explained, meaning players would have their bonuses and winnings confiscated without understanding why or why they had broken the casino's rules.

Wagering requirements under fire with UKGC

In 2014, after a flurry of complaints from players, the Gambling Commission stepped in and enacted the Gambling (Licensing and Advertising) Act, which required given operators to clearly advertise and explain their terms to players. This led some operators to lower their terms to more achievable levels. However, not all operators followed suit, which is why wagering requirements are still debated today.

More recently, in February 2022, the UKGC set its sights on reforming betting requirements again, publishing new guidance on fair and transparent terms and practices, recognizing that betting requirements could lead to overplay and were not in line with operators' social responsibility provisions.

The new guidance rules that franchisees may be using unfair terms, including, for example:

• "Provisions that allow the licensee to withhold customer deposits; Conditions regarding the treatment of customer funds if the franchisee believes there has been illegal, unjust or fraudulent gaming; Online gaming promotions with terms that allow the licensee to void real money winnings if a customer unintentionally violates the rules; Conditions that unfairly allow the licensee to reduce potential winnings in open bets."
• The Commission also noted that it had found:
• "Terms that are difficult to understand; Welcome bonuses or wagering requirements that encourage excessive gambling."
• The guidance does not include rules to remove or limit wagering requirements, but it does instruct franchisees to review their terms to ensure they fall within the scope of consumer protection laws. The LCCP requires that rewards and bonuses be structured in a socially responsible manner. While it is common to customize bonus terms, the Commission does not expect that terms such as wagering requirements will encourage overplaying.

With the review of gambling, the white paper has passed the deadline, and all industry officials are strongly waiting, but more specifically, it is excluded from casinos. I'm wondering if it is. Gambling review is to update the 2005 gambling method suitable for modern times, and the gambling requirements are definitely within the scope of discussions, including greater player protection and affordability checks. It will be placed.

• It is clear that some famous operators, affiliates, and operators other than bets are leading to providing zero betting bonuses, but many sites have not followed. Despite the clear evidence that players prefer the most fair bonuses (Playojo is one of the 39 brands operated by the same parent company, the only brand with zero claims, and by the company. And the most successful in everything).
• In reality, I don't think new gambling regulations can completely prohibit betting conditions (as mentioned earlier, there is a reason for betting conditions), but excessive conditions are excessive gambling. From the view that it is equal, it is certain that the upper limit will not come out of the fantasy.

Bonuses are one of the most important factors when players choose casino sites, and they are lucky to be able to get something free to the player (even if they don't actually do so). It makes you think.

Will wagering requirements be banned?

If the bet is prohibited, operators who do not want to provide bonuses with no betting conditions will have to return to the beginning and redeem the reward, especially the welcome orofer. Alternatively, other USPs, such as a better loyalty team, such as a better loyalty team that focuses on casino products to attract players, provides unique games, securing space for indie developers, preparing immediate drawers and royalty benefits. There is a possibility that you will start competing based on.

In addition, for a remote operator, it will be a great opportunity to shift to a more exciting and more exciting idea, from the exhausted system of matching bonuses to a promotional wheel spin, a secret gift at the first time, and a prize lottery. Brands such as Playojo, Paddy Power, MRQ, Betfair, and other brands have already made this kind of effort, and the operator only incorporates a new model and does not lack a blue photo of success.

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