Daily News: new slot at Evolution Gaming and restrictions on deposits in Sweden

Evolution Gaming introduced a new Crazy Time game

On July 1, Evolution Gaming presented its new release Crazy Time. This new gambling product with multi-level bonuses and multipliers was firstly presented by the developer at the ICE 2020 exhibition.

Crazy Time is a game of chance based on mechanics of the Evolution Dream Catcher. It offers four bonuses:

Cash Hunt. The player chooses one of 108 hidden multipliers. After the countdown ends, the gun fires showing the gambler's gain.

Coin Flip. The coin toss determines the payout multiplier.

Pachinko. An analogue of the famous Japanese pachinko machines. The leader flings the puck. The place where it stops determines the multiplier.

Crazy Time. Gambler should choose a clapperboard: blue, green or blue. This will determine the amount of payment. Players can get up to x20,000.

Crazy Time has been developing for a year. This release has become the most expensive project of the developer. The pre-launch testing revealed that customers are interested in the product. The main feature of Crazy Time is that the several advanced technologies are integrated into the game.

According to Todd Hauschalter, Evolution's Chief Product Officer, the brand was aimed to create an interesting game so people could enjoy watching it like a TV show.

Great Britain weighs the regulation of loot boxes

The House of Lords Gambling Committee is convinced that loot boxes should be regulated by gambling laws.

“If a product looks like a game of chance and is perceived as a gambling, it should be regulated as a game of chance”.

“There are studies proving that there is a connection between the costs of lootboxes and the problems of ludomania”.

The report concludes that it is necessary to adopt new rules according to which lootboxes are kind of gambling. It also states that the same definition should be applied to any other gaming facility for which real money is paid, including FIFA player packages.

As a result, loot boxes (including FIFA packs) can be equated with gambling in the near future which means that they will either be banned or significantly limited in their application.

In addition, the House of Lords discusses a ban on advertising bookmakers in the Premier League.

According to estimates made by British experts of the gambling industry, a ban on advertising bookmakers threatens Premier League clubs with losses of about 300-400 million pounds per year.

Online casino deposit restrictions come into force in Sweden

Starting from July 2nd, restrictions have come into force in Sweden, and they will remain in force until the next year. According to new rules, deposit is limited to $537 per week for online casinos. Restrictions are applied to players during lockdown, and aren't applied to horse racing and sports betting.

Ewaut Vierda, general counsel at Videoslots online casino, believes that this decision was made late, since quarantine measures is gradually weakening in other European countries. In an interview with Gambling Insider, Vierda said: “It's too late to fight a pandemic by changing or introducing new rules. The best solution would be to set limits on losses instead of uniform restrictions on deposits.”

The General Counsel asked what the government’s motives behind these measures: “The Swedish government was unable to show that there was a significant increase in activity and moving towards more risky gambling. Sports betting is about as risky as online casinos. Therefore, the Swedish government’s emphasis on the gambling industry is not clear. But you must remember that horse racing is still a state monopoly”.

Earlier, Swedish online gambling operators have already applied for restrictions on casino deposits to be cancelled.