Everything you need to know about Norway’s New Casino Limitsby Andrew R. Researcher
Online gambling has risen in popularity across the world over the years. However, the concept of it remains grey in many countries. One of such countries is Norway. The country has several restricting regulations meant to keep players as safe as possible. However, the strictness of these regulations make gambling almost impossible in the country.
Beyond the issue of regulations, there is also the concern of monopoly in the industry. The unicorn in the industry makes it almost impossible for the advent of several newer online casino operators.
However, things changed at the advent of the coronavirus pandemic that left countries shut down and lockdown in the bid to contain the spread of the virus. For people in the online casino industry, the pandemic was a good omen. It brought a drastic rise in the number of stakeholders; both platform owners and players.
The limits and restrictions of Norway online gambling keep coming, just to favor the corporations holding the monopoly. Although, there are also some regulations and restrictions that were made to protect the general citizens. One of such regulation is the reduction of the loss limits, in a bid to curb addiction. Upon the enactment of this policy, it was announced far and wide. Find a list of the best Norwegian online casinos games here.
A closer look at the limits and changes
Several gambling products like KongKasino, eFlax, Bingoria and Yezz have been made to feature longer time out periods once a player has played continuously for one hour. The time out period was previously 90 seconds. However, it has since been increased to 15 minutes. This is such a drastic increase in time out period, and the aim is very simple; to cause people to go offline. While this is good for the citizens in the long-term, many don’t find it convenient.
Also, the products get to remove the “popular” tag they normally have on the homepage of their websites, which showed the games that are commonly played. This is so that the interesting and potentially-addictive games will attract less players.
There are also changes to pre-selected stakes on certain products. They are set as low as possible. There are also warnings that these stakes can be further reduced.
In a report by Norsk Tipping, these various limits have efficiently fought the problems online casino players face. These limitations are discouraging every stakeholder, the players especially. For instance, December used to be the most lucrative month for online casino owners. However, since the various restrictions have been enforced, the sales have dropped.
Companies like Norsk Tipping have learnt to leverage technology to monitor risks, and come up with measures that will generate intended results. These tools are able to control and monitor the measures put in place and predict the outcome. With these results, the company is able to decide whether to continue with a certain initiative or not.
Norway is a country still evolving into the casino lifestyle. While the restrictions are yet stringent, there is hope that it will be better. If you are looking to start an online casino business, it’s better to start somewhere else, Norway may prove to be difficult.
Created on Feb 9th 2021 10:02. Viewed 99 times.