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In a significant move, Betano announces its upcoming launch in the UK, facilitated by a partnership between its owner, Kaizen Gaming, and BVGroup. This collaboration blends Betano's international acclaim with BVGroup's technological prowess and deep understanding of the UK market. Strategic Alliance for Market Entry Betano's expansion into the UK market is pivotal in its global growth strategy. The collaboration between Kaizen Gaming and BVGroup marries Betano's established brand recognition across Europe, Africa, and the Americas with BVGroup's advanced proprietary technology and extensive experience as a UK operator. This strategic partnership is poised to enhance Betano's footprint in one of the world's most significant regulated online gaming markets, coinciding with its role as an official sponsor for UEFA Euro 2024 and CONMEBOL Copa America 2024. Meeting the Premier League of Online Gaming Julio Iglesias Hernando, Kaizen's Chief Commercial Officer, likened Betano's UK market entry to competing in the Premier League, underscoring the importance of securing the right partners for success. Collaboration with BVGroup, renowned for its reputation and industry expertise, is critical to ensuring a triumphant launch. The anticipation builds as Betano aims to establish its presence in the UK in time for the summer's European Championships, showcasing its commitment to being at the forefront of major sporting events. A Comprehensive Offering for the UK Audience Kaizen Gaming, the powerhouse behind Betano and Stoiximan brands, operates across 14 countries, with its Stoiximan brand making waves since its debut in Greece in 2012. Betano's UK platform will feature many betting options, including in-play betting, enhanced accumulators, bet boosts, and a bespoke bet builder product. Additionally, the partnership will equip Betano customers with BVGroup's suite of safer gambling tools, emphasizing the commitment to responsible gaming. Technological Synergy and Safety Focus BVGroup, holding licenses in the UK, Republic of Ireland, Gibraltar, and Ontario, services multiple brands across the sports betting, casino, and bingo sectors. Brent Almeida, BVGroup's CCO, expressed honor in partnering with Kaizen Gaming to introduce the Betano brand to the UK audience. The collaboration is founded on a mutual vision to provide sports fans with a safe and entertaining betting experience, leveraging BVGroup's technological and operational expertise. As Betano prepares for its UK launch, the partnership with BVGroup signifies a promising new chapter for both entities. It is set to redefine the online gaming experience for UK sports fans and bettors. With a strong focus on innovation, customer safety, and engaging content, Betano and BVGroup are positioned to impact the UK's dynamic online gaming landscape significantly.
Bragg Group Studios, at the forefront of online gaming innovation, announces three new captivating releases: Dragon Power Keno, Super Sake, and Divine Empress, set to enchant players with distinctive themes and feature-rich gameplay starting April 9th, 2024. Dragon Power Keno: Unleashing the Dragon's Fortune Launching on April 9th, 2024, Dragon Power Keno by Atomic Slot Lab Studio takes players on a mythical journey to uncover the dragon's hidden treasures. This 80-spot keno game with a 20-number draw is replete with unique features: Dragon Symbols: Landing four or more triggers instant money wins. Free Games Bonanza: Five or more dragon heads double the prize and unlock 30 Free Games, where wins can add extra games or even more spots to boost prize-winning potential. Game Specs: With an RTP of 95.50%, medium volatility, and a hit rate of 19.67%, bets range from 0.10 to 100.00, offering a max multiplier of x20,000. Discover the mystical journey of Dragon Power Keno and Divine Empress at reputable Atomic Slot Lab casinos, certified by the OCR Team, for a top-tier gaming experience. Super Sake: A Taste of Japanese Hospitality Indigo Magic's Super Sake, debuting on April 18th, 2024, invites players to a cozy izakaya experience. This game blends the essence of Japanese culture with the excitement of slot gaming: Wilds and Scatters: Random awards of wild sake cups and sake bottle scatters in the base game trigger free games with sticky wilds that can shuffle, multiply, or expand. Game Specs: Set on a 5x4 grid with 50 paylines, it boasts an RTP of 96.25%, medium-high volatility, and a hit rate 28.11. Bets range from 0.50 to 150.00, with a max multiplier of x10,000. Embark on the izakaya adventure with Super Sake at trusted Indigo Magic casinos, thoroughly tested and approved by the OCR Team. Divine Empress: Restoring the Empire's Glory Scheduled for release on April 25th, 2024, Divine Empress by Atomic Slot Lab invites players to aid in the restoration of a Far Eastern kingdom. Join the divine empress in her noble quest: Expanding Kingdom: The game grid can expand to 5x6 with up to 7776 winning ways. Free Spins and Jackpots: Trigger re-spins and a reveal feature with jackpots for a chance to win the empress's favor. Game Specs: Starting with a 5x3 grid and 243 paylines, the game features an RTP of 95.48%, medium volatility, and a hit rate of 28.60%. Bets range from 0.40 to 120.00, with a max multiplier of x8,050. As Bragg Group Studios continues to expand its diverse portfolio, Dragon Power Keno, Super Sake, and Divine Empress exemplify the studio's dedication to creating games that combine traditional narratives with groundbreaking gameplay mechanics. Each game is meticulously designed to engage and entertain, offering players a rich tapestry of cultures and adventures across certified jurisdictions, including Sweden and the United Kingdom. Get ready to explore these new worlds and experience gaming like never before with Bragg Group Studios' latest offerings.
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BRAGG Group's casino game studios, Atomic Slot Lab and Indigo Magic are poised to enhance the gaming landscape with the launch of two new slots, Tikaani Gold and Book of Buffalo, in May 2024. These games promise advanced mechanics and rich narratives. Game Launches and Features In a significant expansion of its gaming portfolio, BRAGG Group is introducing two groundbreaking slots through its studios, Atomic Slot Lab and Indigo Magic, set for release in May 2024. The games Tikaani Gold and Book of Buffalo are designed to offer players unique gaming experiences with immersive themes and innovative gameplay mechanics. Tikaani Gold: A Mythical Alaskan Adventure Scheduled for release on May 15, 2024, Tikaani Gold draws players into the mystical Alaskan wilderness. The game centers around Tikaani, a mythical white wolf guardian, who blesses players with fortunes across a 5x4 game grid with 40 paylines. The slot features multiple play modes—Default, Tikaani Gold 88, Tikaani Gold 92, and Tikaani Gold 94—each offering different RTPs, from 88.04% to 95.49%, and volatility settings. Critical features of Tikaani Gold include: Wild Feature: Triggered by golden wolf wilds, offering re-triggerable respins and locked wilds. Free Spins Feature: Activated by bonus symbols, potentially increasing multipliers and adding locked wilds for enhanced wins. Tikaani Gold Paytable: Tikaani Gold Game Specifications Play Mode Game Grid Paylines RTP Volatility Hit Rate Min Bet Max Bet Max Multiplier Default 5x4 40 95.49% Medium 25.48% 0.40 120.00 x8,050 Tikaani Gold 88 5x4 40 88.04% Medium 24.28% 0.40 0.80 x8,050 Tikaani Gold 92 5x4 40 92.13% Medium 24.95% 0.40 120.00 x8,050 Tikaani Gold 94 5x4 40 94.10% Medium 25.58% 0.40 120.00 x8,050 Book of Buffalo: Unveiling the Wilderness Indigo Magic's Book of Buffalo, set to debut on May 22, 2024, features a 5x3 reel structure with a distinctive "side-bet" feature, allowing players to customize their betting strategy. This game also includes a 'Buy Bonus' option starting at €12, appealing to those seeking direct access to game highlights. Innovation and Player Engagement Both games incorporate cutting-edge technology, including a certified Java SecureRandom number generator, ensuring fair play and compliance with jurisdictional regulations. This commitment to security and fairness is designed to meet the needs of a diverse player base across regulated markets. Strategic Growth and Industry Impact These launches are part of BRAGG Group's strategic efforts to diversify its offerings and tap into new market segments. By introducing games with varied themes and technical features, BRAGG aims to attract a broader audience and maintain its reputation as a leader in the gaming industry. The anticipation around these releases is heightened by their potential to set new standards in online slot gaming, combining thematic depth with technological sophistication. Earlier this month, we reported in OCR UK about Bragg Group Studios Apri's new game release on April 9th, 2024. This launch highlights the studio's innovative approach to combining classic themes with modern gameplay mechanics. Among the releases, Dragon Power Keno stands out with its dynamic features and significant win potential, emphasizing Bragg Group Studios' commitment to redefining online gaming experiences with each release. BRAGG Group Innovations As BRAGG Group prepares to showcase these new titles, the gaming industry looks forward to the innovations these games will bring to online casinos. Both Tikaani Gold and Book of Buffalo are poised to become significant additions to BRAGG's esteemed portfolio, offering players engaging experiences and operators new avenues for growth.
It is essential to familiarise yourself with the regulations and taxation guidance regarding gambling in the UK before participating in crypto gambling activities to avoid potential legal issues or penalties. Crypto gambling is a form of online gambling in which players use cryptocurrencies like Bitcoin or Ethereum to bet on games or events. The demand for crypto gambling is growing, as players have access to a wide range of games with high bonuses and faster transaction periods than traditional online casinos. Gambling winnings are not taxable in the UK; however, if you cash out any winnings as crypto assets instead of fiat currency, this may change things. Any gambling winnings in the form of crypto assets will need to be tracked for tax purposes, as future disposal events will be relevant for capital gains tax. This article examines cryptocurrency taxation in the UK and provides valuable tips regarding planning, record keeping, professional assistance and knowing your tax laws. We also take a look at UK crypto taxation - what you need to know regarding HMRC’s regulations. Cryptocurrency Taxation in the UK The crypto industry is developing rapidly, and the tax implications have become more complicated. If you don't have the time to read HMRC's complete guidance for those with crypto assets, we will answer some of the pertinent questions regarding UK cryptocurrency taxes. Definition and Basics: The value of crypto assets fluctuates, but the UK authority does not consider these assets to be a currency or that the buying and selling of these assets is gambling; therefore, in HMRC's view, profits or gains from buying crypto assets are taxable. Capital Gains Tax is charged on the profit from selling an asset, and NFTs are no exception. The relevant Income Tax bracket applies if your income is in cryptocurrency. Types of Crypto Income and Associated Taxes: There are various types of cryptocurrency transactions, and we will take a look at the associated taxes: Buying—In the UK, you won't be required to pay tax on certain crypto transactions, including buying crypto with fiat currency, HODLing, transferring crypto between your wallets, donating crypto to charities, or gifting crypto to your spouse. Selling - If you sold your crypto for more than you bought it, you will pay Capital Gains Tax (CGT) on the profit. Losses in a selling transaction can offset your capital gains in the current year and reduce your tax bill. Mining - Cryptocurrency received from mining is considered income. It is important to remember that your income from mining is classified differently, whether you are mining as a hobby or as a business. If you are mining as a hobby, this has to be declared separately on your tax return. If you're mining as a business, your mining income will be added to trading profits and be subject to income tax. Any income derived from disposals will also be considered income. Staking - Cryptocurrency staking rewards are taxed as income upon receipt. When you dispose of your staking rewards, you’ll incur a gain or loss depending on how the price of your crypto has changed since you received it. Tax Rules and Reporting: To accurately convey your crypto-related activities to HMRC, you will need to complete two primary forms: The HMRC Self-Assessment Tax Return SA100, including income derived from crypto activities The HMRC Self-Assessment Capital Gains Summary SA108, detailing your crypto capital gains and/or losses Important: The submission date for these forms is the 31st of January 2025, and the UK financial year runs from April 6th to the 5th of April the following year. You'll incur a capital gain or loss every time you dispose of a crypto asset. When your total capital gains in the tax year exceed the annual capital gains allowance, you will pay capital gains tax. Long-term capital gains are taxed at lower rates, meaning there may be a benefit to holding onto your crypto assets for longer before you sell them. Short-term capital gains are taxed at the same rate as your ordinary income, while long-term gains are taxed at 0%, 15% or 20%. Tax Deductions and Exemptions: Here are some pointers to keep in mind that will assist you in limiting your tax liability while complying with UK law: You can only deduct a capital loss from capital gains arising in the same year or a future year, and you must claim the loss by reporting it to HMRC. You cannot offset capital losses arising from the disposal of crypto assets against your income. If you are liable for capital gains every tax year, you will receive an annual tax-free allowance, known as the annual exempt amount (AEA). You only pay Capital Gains Tax if your overall gains for the tax year (after deducting any losses and applying any reliefs) exceed the annual exempt amount. “Did you know the 2024/25 capital gains allowance is £3,000? Gains under the threshold are tax-free!” HMRC is challenging those it suspects of failing to report their cryptoasset income and gains correctly, so we hope this guide regarding cryptocurrency taxation in the UK has been informative. How Online Gambling is Taxed in the UK Anyone who has won a significant sum while gambling with Bitcoin in the UK may have wondered how to appropriately report their winnings to HMRC or the relevant tax authority. While that may be how things are done in the US, the UK has a very different approach to gambling and taxation, whether you have found the casino via a website with online casino reviews or simply enjoying the entertainment value of your regular online casino of choice. Taxes on Gambling Winnings in the UK: When you bet money at a land-based casino, bookmaker, casino website, or mobile gambling app, you do not have to report your winnings to the Inland Revenue, as there are zero taxes on gambling winnings, regardless of where you're playing or how much you've won. The lack of taxation on betting and online gambling is a significant reason for people to come to the UK to play their favourite games. Rather than having to pay anywhere from 1% to 25% in taxes in places such as the USA, France, and Macau, they can take home all their winnings. Taxes on Casinos and Gambling Sites: Operators of casinos, bookmakers, or online gambling websites must pay taxes if they cater to United Kingdom players. The taxes are presently 15% of all gambling income for companies and ensure that the UK government collects a significant income from all forms of gambling without taxing the average person when they win. UK Crypto Gambling Taxation: With crypto gambling, you can place bets and potentially win money via hundreds of websites and protocols that allow users to place bets and receive rewards in cryptocurrencies like Bitcoin and Ethereum. What Crypto Gambling Taxes Are Due? Here are four important gambling tax facts to keep in mind: If you sell crypto that you’ve won from gambling, you will incur a capital gain or loss depending on how the price of your crypto has changed since you received it. In the UK, gambling is legal and is not taxable unless it is your primary source of income. Your tax rate on gambling income can vary from 0-37%, depending on your tax bracket. Some crypto gambling platforms require users to convert their crypto to USD. Any time crypto is exchanged for fiat or for another digital asset, it becomes taxable and subject to CGT. “When trying to calculate your capital gains, keep HMRC share matching rules in mind.” What Reports Do You Need to Provide? Trying to track your cryptocurrency taxes manually can take time and effort. There is an easier way: using crypto tax software to help you keep track of your cryptocurrency income and capital gains. Connect your wallets and exchanges, and let the platform take care of the rest. Crypto gambling is an attractive option for users looking for a more convenient, private, faster and accessible way to gamble online. Track your crypto gambling transactions with Recap and benefit from their crypto tax calculator, the essential tool to help you accurately calculate and report your crypto gambling transactions for tax purposes. Get Your Crypto And Gambling Taxes In On Time Calculating your crypto taxes can be daunting, especially for those filming for the first time, so here are some valuable tips: Take charge of record keeping for all your crypto transactions to ensure you don’t end up under or over-paying Calculator tools like Recap are handy when you have many transactions to keep track of Getting specialist crypto tax advice from an accountant is invaluable, such as help with strategies to lower your tax bill. Stay updated with the latest crypto tax guidance using resources like Recap's UK crypto tax guide. Tax Prep Advice from Recap.io: When filing your crypto taxes, you'll need to document calculations and accurate valuations for your assets, so good record-keeping of all historical transactions is imperative. You can stay on top of this with a spreadsheet, but this becomes difficult if you've been participating in complex activities. Crypto tax calculators like Recap make tracking your crypto portfolio a breeze. You simply connect your accounts and wallets, and with all your transactions in one place, we take care of fair market valuations and tax calculations for you, generating a crypto tax report containing all the information required by the HMRC. The Best Crypto Casino For You Now that you are comfortable maximising your crypto tax returns, we recommend visiting our crypto casino section for the latest Bitcoin casinos, exciting welcome bonuses, and game releases.
PopOK Gaming has launched CrashoSaurus, an exhilarating new crash game that transports players to a difficult prehistoric era. This high-stakes adventure pairs a daring troglodyte with players to outrun a relentless dino stampede, offering a unique blend of excitement and risk. Prehistoric Peril and High-Stakes Play In the heart of a prehistoric jungle, CrashoSaurus challenges players to survive a world filled with natural disasters and fierce predators. Players must navigate obstacles like lightning strikes, massive boulders, and deadly carnivorous plants. The game intensifies as a multiplier increases with each narrow escape, offering potentially huge rewards. Gameplay Dynamics CrashoSaurus redefines the crash game genre by blending immersive thematic elements with engaging gameplay mechanics. The main goal is to place bets on a rapidly escalating multiplier and make the critical cash-out decision before the game crashes. This gameplay creates gripping tension, as players must balance the allure of higher multipliers against the risk of losing everything. Features and Excitement The game offers a series of features designed to enhance the player experience: Dynamic Multipliers: The thrill of the game lies in its multiplier, which can skyrocket, multiplying potential winnings as players progress through increasingly challenging scenarios. Interactive Gameplay: Players interact directly with the game by deciding when to cash out, making each session unique and adrenaline-pumping. Join the Jurassic Journey CrashoSaurus invites players into a world of prehistoric dangers and modern-day rewards. The game promises a test of nerve, timing, and the excitement of significant potential payouts. With its engaging gameplay and thematic richness, CrashoSaurus stands out as a must-try for enthusiasts of innovative casino games. About PopOK Gaming PopOK Gaming is renowned for creating captivating gaming experiences that blend imaginative themes with cutting-edge technology. Known for its creative approach to game design, PopOK continues to push the boundaries of online gaming, delivering titles that appeal to a wide range of players. CrashoSaurus is the latest addition to their impressive portfolio, offering a thrilling ride through time that will captivate and entertain players worldwide.
On May 10, 2024, BVGroup and Kaizen Gaming officially launched the Betano brand in the UK, strengthening its global presence and offering unique betting experiences to UK customers. Expanding Horizons: Betano's UK Launch A Global Collaboration Comes to the UK On May 10, 2024, the UK's gambling and sports betting landscape welcomed a new player as BVGroup and Kaizen Gaming, a renowned GameTech powerhouse, introduced the Betano brand. This launch is another expansion and a strategic move to cement Betano's position in the global market, leveraging BVGroup's robust track record of successful brand launches. Betano and Kaizen Gaming: A Partnership of Ambition Betano, known for its dynamic betting interface and user-centric offerings, has become an Official Sponsor of significant football tournaments, including CONMEBOL Copa America™ 2024 and UEFA Euro 2024™. This strategic positioning is expected to enhance brand visibility and user engagement through exciting promotions such as ticket giveaways for these tournaments, adding to the appeal for UK sports enthusiasts. Innovative Betting Features Betano users in the UK will enjoy many advanced betting features, such as Enhanced Accas, Bet Boosts, and the innovative Bet Builder product. Additionally, the platform offers a 'Lucky Dip' feature, further enhancing the betting experience. These features cater to novice and seasoned bettors, providing a rich, engaging, and user-friendly betting environment. Commitment to Safe and Responsible Gaming BVGroup has equipped the Betano platform with advanced, safer gambling tools like Sentinel to ensure a secure gambling environment. This in-house system provides player protection by offering automated messages and risk assessments. Betano also prioritizes ethical gambling practices and adheres to strict regulatory standards to ensure a secure betting environment. Leadership Insights Julio Iglesias Hernando, CCO of Kaizen Gaming, emphasized the strategic selection of BVGroup as a partner to introduce Betano to the UK market, highlighting their shared commitment to responsible engagement and premium betting experiences. Brent Almeida, CCO of BVGroup, echoed this sentiment, expressing enthusiasm for the technology and customer-centric features that Betano brings to the UK. About the Collaborators Kaizen Gaming: A major player in the GameTech industry, Kaizen Gaming operates the Betano brand across various global markets, including Europe and Latin America, and has recently expanded into Africa and North America. Recognized for its innovative approach to sports betting, Kaizen Gaming continues to receive accolades, enhancing its reputation in the gaming world. BVGroup: Based in Gibraltar, BVGroup is a respected name in online gambling, offering comprehensive sportsbook, casino, and bingo solutions. Committed to customer protection and technological innovation, BVGroup supports a range of globally recognized gambling brands, demonstrating its capability to deliver top-tier gambling experiences. This UK launch signifies Betano's expansion and reinforces the brand's commitment to providing exceptional and safe sports betting experiences to a global audience.
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In a move to modernize the gambling sector, the UK Government will lift the ban on using debit cards directly in gaming machines, promoting advanced payment options and responsible gambling. Aligning Payment Innovations The Department for Culture, Media and Sport (DCMS) has recently announced a pivotal update following a comprehensive consultation on land-based casino measures. This update, part of a broader initiative under the government's 'Smarter Regulation to Grow the Economy' program, involves removing the existing prohibition on the use of debit cards in gaming machines. This measure is seen as a step towards aligning the gambling sector with modern digital payment methods, reflecting broader societal shifts towards cashless transactions. Regulatory Reforms and Industry Response This regulatory adjustment is one of several proposals from last year's Gambling Act Review white paper, which seeks to update the regulatory framework for online and land-based gambling industries. The proposed changes include increasing the number of gaming machines in casinos and adjusting machine ratios in bingo halls and arcades, alongside the pivotal change allowing direct debit card usage. The gambling industry, mainly land-based operations, has responded positively to these reforms. Operators like Rank Gaming Group have expressed support for the changes, highlighting the potential to modernize offerings and enhance the customer experience by integrating more flexible payment methods. Implementing Player Protections With the debit card ban lifted, the DCMS emphasizes the importance of implementing stringent player protection measures. These include amendments to the Gaming Machine (Circumstances of Use) Regulations 2007 and the Commission's Gaming Machine Technical Standards. The government plans to introduce safeguards such as minimum transaction times and prominent safer gambling messages, which will be further refined through subsequent consultations. Impact on Gambling Landscape Removing payment restrictions is expected to rejuvenate the land-based gambling sector, which has faced significant commercial challenges in recent years. By allowing more flexible payment options, establishments can cater to a generation of consumers who seldom carry cash, thus potentially increasing foot traffic and gaming activity. Moreover, integrating debit payments directly into gaming machines will streamline transactions, enhance the overall user experience, and maintain regulatory oversight to prevent gambling-related harm. Future Outlook As these regulatory changes take shape, the UK gambling landscape is poised to transform significantly. The government's commitment to modernizing this sector while ensuring robust consumer protections indicates a forward-looking approach to gambling regulation. Stakeholders within the industry are encouraged by these developments, anticipating that the modernizations will lead to improved competitiveness and sustainability of gaming operations across the UK. These updates underscore the government's responsiveness to industry needs and consumer habits, setting a precedent for other jurisdictions considering similar reforms in their gambling sectors.
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