Online Casino Software Providers Are Lighting Up The Dance Floor With Latest Slots Release - Video Slots
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Watch ONLINE CASINO NEWS Video: Online Casino Software Providers Are Lighting Up The Dance Floor With Latest Slots Release.
In this week in online casino gambling news podcasts and video we discuss online casino software providers light up the dance floor with the latest Slots Games Release Like Pragmatic Play and Red Rake Gaming Partnering With PAF. Unfortunately, Playtech Suspends Share Buyback Plan and Dividend Payments Wichita and Affiliated Tribes Sue Oklahoma Over Compact Violations.
The imagery of a classic disco dance floor highlight’s Pragmatic Play’s Dance Party. The gaming company’s latest release is a five by three reel video slot offering neon-lit action. This highly volatile game has a progressive multiplier free spin mode with big win potential. The mode is triggered by landing five-diamond scatter symbols in one spin. The free spin session takes players to the middle of the dance floor. They can earn up to 60 free spins. Multipliers can increase payouts up to 30x their winnings per spin. Overall payments can reach 36,450x a player’s stake. #OnlineCasino #OnlineGambling #Gamblingnews
Red Rake Gaming Partners With Paf For Market Expansion
Red Rake Gaming is based in Malta and Spain. Its latest gaming partner in certain European regulated markets is Paf.com. Paf operates casino brands across Finland, Sweden, Latvia, Estonia, and Spain. The agreement makes Red Rake’s highest-performing gaming portfolio available to all Paf casino brands. This includes the popular Super12Stars gaming series and Mystic Mirror. Red Rake offers real money casino games for slots, video bingo, video poker, and various table games. Games are offered in 22 different languages covering over 100 different currencies. The company also offers casino operators a full array of promotional tools to market its games.
Wichita and Affiliated Tribes Sue Oklahoma Over Compact Violations
The ongoing battle between Oklahoma tribes and the state governor has taken a new twist. Wichita and Affiliated Tribes (WAC) initiated a new lawsuit against the state claiming it violates its compact with illegal gaming. This pertains to second-chance lottery promotions offered both online and through a mobile-based application. Users can participate from withing sovereign tribal lands. The lawsuit claims that this is an infringement on the tribe’s exclusive right to offer gaming on their lands. A conflict over the tribal compacts, in general, has been ongoing since the first of the year. The governor is looking to renegotiate the terms that go back to 2004.
Playtech Suspends Share Buyback Plan and Dividend Payments
Citing the current coronavirus outbreak on a global scale, Playtech’s Board of Directors has suspended plans for a share buyback program. It also suspended all dividend payments to shore up short-term cash flow. The virus is disrupting the company’s Live Casino business segment as well as online sports betting. The estimated loss in sports betting is $4.3 million a month. Playtech operated self-service betting terminals in several regulated markets. This has been projected to account for an estimated 10 percent of the company’s EBITDA in 2020. Postponing share buybacks and dividends would save an estimated $70.2 million.
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