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How to Get Out of Gambling Debt

By
Cynthia J. Dominguez
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How to Get Out of Gambling Debt

Gambling can be a relaxing and entertaining way to unwind after a long day. It can, however, become an issue for some people. According to the National Council on Problem Gambling, about two million people in the United States fulfill the criteria for pathological gambling. At the same time, another four to six million are considered problem gamblers.

Even if you’re not addicted to gambling, the truth is that gaming debts can swiftly mount – and endanger your financial well-being. If you’re drowning in debt, here are several options for getting out and getting gambling debt relief.

Ways to get out of gambling debt

The majority of the time, figuring out how to pay off gambling debt is similar to dealing with other ConsolidationNow types of debt.

Determine how much you owe.

After that, sum up how much you owe. It’s critical to know where you stand with this plan, just as with any other debt repayment strategy. List all of your debts, including total amounts owed, monthly payments, and interest rates. You may realize that you have a mix of personal loans, credit card debts, or other sorts of borrowing from loan sharks or bookies due to gambling in many circumstances.

Looking at a list of debts can be intimidating, but the reality is that you need to know what you’re up against before moving forward.

Do not add to your debt.

It’s critical to avoid accruing gaming debts as soon as possible – and seeking aid can assist you in doing so. Consult with friends and family for support during the process, or hire a professional to assist you in overcoming harmful behaviors. Both can assist in holding you accountable and encouraging you to quit accruing debt.

Consider substituting another hobby for gambling. Outdoor activities, movies, and learning a new hobby are all options for entertaining yourself and your loved ones. Fill your life with additional activities, especially ones you can do with family members, to help you cope while you seek expert assistance.

Admit to yourself that you have a problem.

Recognize that you may have an issue as the first step in moving forward. “Like alcohol, cigarettes, or other drugs of abuse, gambling can become an addiction,” according to the American Psychiatric Association (APA). Gambling conduct that causes injury, distress, or negative life consequences may indicate a gambling condition.”

According to the APA, if you feel compelled to lie to family, friends, or coworkers about how much you gamble, or if you feel made to keep wagering more money to come out ahead eventually, you may have a problem. Visit the National Council on Problem Gambling or look for a meeting of the support group Gamblers Anonymous to learn more about receiving treatment for a gambling problem.

If you cannot repay, look into debt relief options.

For other people, the debt may be too much to bear without a more comprehensive gambling debt relief strategy. Here are several debt relief options that may be able to assist you in getting out of your gambling debt and moving forward with your finances and life:

Bankruptcy

For the vast majority of people, bankruptcy is a last resort. However, if your gambling debt is so large that no other option appears viable, it may be worthwhile to file for chapter 7 or chapter 13 bankruptcy. Be warned, however, that in the case of gambling, your creditors may object to the action. Some attorneys advise waiting until your most recent gaming debt is at least 90 days old before filing.

Furthermore, your debt may not be discharged if the creditor can show that you had no intention of repaying the amount when you took it on. And, of course, bankruptcy has a long-term negative influence on your credit.

Work out a payment plan with your creditors: 

You can also approach your creditors and ask for their assistance in coming up with a payment plan. With a payment plan, you may be able to manage your monthly cash flow better, and in some situations, you may be able to get a reduced interest rate and pay off your debt faster.

Debt management

The National Foundation for Credit Counseling (NFCC) will assist you in identifying a debt management counselor in your area. A professional NFCC firm can assist you in developing a debt management plan and a payment schedule that matches your budget.

Debt settlement

Debt settlement allows you to pay a lower amount than the entire amount you owe on your debt. 

In some circumstances, this will necessitate a one-time payment. Some firms can assist you with debt settlement, but you must be cautious of scammers. Furthermore, debt settlement can harm your credit score. Before you proceed, carefully consider debt settlement firms.

Debt consolidation

If you have strong credit, you may be able to obtain an unsecured debt consolidation loan to assist you in repaying your gambling debt. This type of loan would allow you to consolidate all of your debts into one convenient payment, with a (hopefully) cheaper interest rate.

Gambling debt relief is handled similarly to any other unsecured debt, so it’s crucial to consider your alternatives and choose which scenario is most likely to work in your situation.

Think about how you’re going to receive the money.

It’s time to establish a plan to get out of debt now that you know where you stand. Raising funds for gambling debt relief may assist you in moving forward. Consider the following ideas for earning extra cash to help you pay off your debt:

Home equity line of credit: 

Most certainly, your home is your most precious asset. You may generally acquire a decent interest rate with a home equity loan. You do, however, run the risk of losing your home if you don’t make your payments.

Loans from a 401(k) plan: 

This may not be the best alternative because it pulls some of your money out of the market. 

If you have the financial means, you may be able to borrow money to pay off your gambling obligations. You reinvest the interest you pay in your 401(k) (k). However, keep in mind that you may face penalties and taxes if you don’t repay the loan on time.

Sell unused items

Think about selling some of the products you don’t use anymore. Local classifieds, Craigslist, and eBay are all viable options for selling. You can use this money to pay off your debts.

Look for a second job

You might need more money than you can get by cutting back on your spending and selling your belongings. A second job can help you make extra money to pay off your bills, and once you’re debt-free, you can stop working.

Reduce your monthly spending: 

Examine your earnings and outgoings. Do you have any places where you could save money on services or products? You can put some of that money toward paying off your gambling debt if you cut out the wasteful spending. 

Make use of the sharing economy: 

If acquiring a second job isn’t an option, the sharing economy may be able to help. You can use Airbnb to rent out a room in your house or drive Uber or Lyft on your own time. You have a little more flexibility in earning more money in the sharing economy.

Consider what steps will be most beneficial in reducing your debt and assisting you in getting back on your feet. You might be able to get out of your gambling debt faster if you use a combination of tactics.

Conclusion

Finally, your gambling debt is likely to be regarded similarly to any other debt. The first step toward recovery is recognizing that you may be a compulsive gambler and seeking help to stop gambling. After that, you can consider your possibilities for obtaining gambling debt relief.

Credit card debt is skyrocketing, three strategies to reduce it and avoid high interest

By
Cynthia J. Dominguez
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0

Everything is growing these days. as well as loans and some of them, like credit cards, are the most expensiveHaving a strategy to eliminate them should be a priority in personal or family finances right now.

“It sounds obvious and easier said than done, but you need to pay off card debt as soon as possible,” advises expert (Associated Press/Keith Sarkosik, FILE)

The New York Federal Reserve Center for Studies, in its report for the second quarter of the year, calculated that Americans owed $16.15 trillion, up 2% from the first quarter of the year.

In total, there are two trillion dollars more in circulation at the end of 2019 than before the pandemic.

To a large extent, the increase is “due to higher prices,” as the Federal Reserve noted on its blog. In fact, the effects of inflation are being felt in credit card balances which increased by $46,000 million in the quarter, the largest increase since 1999 and coincided with the sharp reduction in mortgage refinancing with which many family funders charge.

For the moment, there are no signs of delinquency, but the weight of this debt is enormous, especially in an environment of rising interest rates.

“It sounds obvious and easier said than done, but you need to pay off your card debt ASAP”Recommends Ted Rossman, Principal Analyst at Bankrate.com. “There are a lot of trends converging: rising interest rates, rising inflation and more debt on the cards, something that’s hard to get out of.”

interest more expensive than fees

Rossman explains that Rising interest rates show how expensive this loan is. At Bankrate, they calculate that the average rate on card balances is 17.35% and according to credit agency TransUnion, the average balance is $5,010. “If only the minimum payment is made with these parameters, the loan will be for 187 months (over 15 years) and $5,924 will be paid in interest only. This is more than the initial loan costs themselves.

Every increase in interest rates increases the timing of monthly interest charges, which Rossman calls “brutal” math.

Its purpose is to reset the balance to zero. It is a difficult task, but some tools can be considered and used at the same time.

  • Card balance transfers which are usually offered by banks to attract new customers and have 0% APR (interest) for up to 21 months.

  • Card debt consolidation with personal loans that can currently be 6% (significantly lower than the fees charged by card issuers) for six years.

  • Advice and planning from advisors from non-profit organizations such as Money Management International.

check options

In case of balance transfer, you should have a commission which can be 3% or 5%. However, the possibility of non-payment of interest generally compensates if this card is not used to add a new loan, since simple interest is normally charged on it, which also defeats the purpose of the set of deductions. given.

From an economic point of view, the objective is to reduce the balance of the card to zero. It's a daunting task, but there are tools you can consider and use to prevent debt from spiraling out of control and hurting your finances (Picture: Getty)

From an economic point of view, the objective is to reduce the balance of the card to zero. It’s a daunting task, but there are tools you can consider and use to prevent debt from spiraling out of control and hurting your finances (Picture: Getty)

Opening a new card may hurt your credit score a bit more for a while, but if you don’t have a line of credit, a high balance can lower it a bit more. Remember that it is advisable to use 30% of the credit line so as not to hurt the score.

Rossman explains that the bank recognizes that this is a marketing strategy to attract new customers and that it is known that half of the transferred balance is not paid within the stipulated time, so customers will be billed for this loophole in the tariffs. facing growth again. This discount rate analyst gives advice Divide the balance by the given number of months and attempt to pay the resulting amount Or at least the closest to it on an ongoing basis to avoid reaching the end of the offer with a loan. You never get out of a hole with a minimum monthly payment.

It’s not out of the question, although it shouldn’t be a habit, to do another balance transfer if you get the chance. Some banks offer this to certain customers and not just new customers.

Although this first strategy is the most appropriate because it is practically free, in the event of large or non-repayable debts on time, the personal loan is an option to consider, although the interest rate will depend on the credit rating.

Nonprofit counseling is one of Rossman’s best outlets because it offers similar terms to personal loans, doesn’t require a great credit score, and offers assistance during the process. Of course, the card must be deactivated as a bet.

Prioritize, repay a debt or save?

The Federal Reserve will raise interest rates to reduce inflation and keep the economy cool. The possibility of a recession is real and you need to prepare for it. Personal finance experts estimate that you will need to save around six months of living expenses. This is a very difficult goal and even more so if you also have expensive debts.

“You can’t save everything and have huge credit card debt because it’s too expensive, but you don’t want to use every dollar to pay back what you earn because you’re not in a good position to have savings.” and an unavoidable expense,” says Rossman. Faced with the dilemma of balancing or reducing savings, this expert affirms that an intermediate position is appropriate at this time and works on both the objectives simultaneously with the budget in which one seeks to save expenses, even temporarily .

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Latest Trends, Demand and Advancement by Top Key Players – 888 Poker, Playtika, Youda Games, Tapinator, Zynga, Appeak, Suprema Poker – Shanghaiist

By
Cynthia J. Dominguez
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0

The Online poker games market The report is the most important research for who is looking for comprehensive information about the online poker games market. The report covers all global and regional market information, including historical and future trends for market demand, size, trade, supply, competitors and prices, as well as information on major global suppliers. Market forecast information, SWOT analysis, Online Poker Game market scenario and feasibility study are the vital aspects analyzed in this report.

Get a sample copy of this report:

https://www.marketintelligencedata.com/reports/3111573/global-online-poker-game-market-research-report-2022/inquiry?mode=700

Main leading companies of the global online poker games market are 888 Poker, Playtika, Youda Games, Tapinator, Zynga, Appeak, Suprema Poker, Gazeus Games, Octro, Bwin, Microgaming, Betconstruct, GammaStack, Softgamings, SBTech, EveryMatrix, Scientific Games, Evolution Gaming, NetEnt, BetSoft, Tencent, Boyaa Interactive

Market overview:

By types:

texas-holdem

Omaha

AoF

5 card draw

7 Card Stud

Pineapple

Others

By request:

Gambling

Entertainment

Regions Covered in Global Online Poker Games Market:

-The online poker game market in South America covers Colombia, Brazil and Argentina.

-The online poker games market in North America covers Canada, the United States and Mexico.

-The European online poker games market covers the UK, France, Italy, Germany and Russia.

-The Middle East and Africa online poker game market covers the United Arab Emirates, Saudi Arabia, Egypt, Nigeria and South Africa.

-The Asia-Pacific online poker game market covers Korea, Japan, China, Southeast Asia and India.

Explore the full report with detailed table of contents here:

https://www.marketintelligencedata.com/reports/3111573/global-online-poker-game-market-research-report-2022?mode=700

Crucial TOC Elements of Global Online Poker Games Market:

Chapter 1: Overview of the online poker games market
Chapter 2: Global Online Poker Games Market Competition, Profiles/Analysis, Strategies
Chapter 3: Global Online Poker Games Capacity, Production, Revenue (Value) by Region (2018-2022)
Chapter 4: Global Online Poker Games Supply (Production), Consumption, Export, Import by Region (2018-2022)
Chapter 5: Regional Highlights of Global Online Poker Games Market
Chapter 6: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 7: Marketing Strategy Analysis, Distributors/Traders
Chapter 8: Market Effect Factor Analysis
Chapter 9: Market decisions for the current scenario
Chapter 10: Global Online Poker Games Market Forecast (2022-2028)
Chapter 11: Case Studies
Chapter 12: Research Findings and Conclusion

Answers to key questions in the report:

  • What is the growth potential of the online poker games market?
  • What growth opportunities might arise in the online poker gaming industry in the coming years?
  • What are the most important challenges that the online poker games market may face in the future?
  • What are the key technologies and online poker games market trends shaping the data analytics services market?
  • What should be the entry strategies, economic impact countermeasures and marketing channels for the online poker gambling industry?

Finally, the Online Poker Games Market report is the credible source for getting market research that will exponentially accelerate your business. The report gives major locale, economic situations with item value, advantage, limit, generation, supply, demand and market development rate and figure etc. The online poker game industry report additionally features a new task SWOT examination, speculation accessibility survey, and company return survey.

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A Deeper Dive into Online Bingo Game Software – SEENIT

By
Cynthia J. Dominguez
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0

Bingo is a very popular game around the world, especially among UK players. This game has had several variations and renovations that have made it more popular over the past few years.

Online bingo is currently the most popular way UK bingo players access this game as it allows them to access bingo from the comfort of their mobile. However, there can be no bingo sites in the UK without software providers for this game.

Software providers are responsible for the immersive gaming experience enjoyed by bingo players. They make sure the games are interesting, engaging and fun for players.

Additionally, with over 400 bingo sites online, there are only 7 active software developers responsible for these sites. Let’s take a look at some of these developers.

playtech

Playtech has been in the gaming industry for decades and it never let up for once. It is an authorized provider considered to be one of the leading game developers in the gaming industry. Playtech not only specializes in casino games and slot machines, but also in the design of casino games. bingo. Several reputable online bingo sites in the UK get their games from this provider.

Also, this software designer was at the forefront of converting Flash-based bingo games to HTML 5. The transformation made it possible to play bingo games from mobile devices such as tablets, telephones and desktop computers. Also, 90 ball bingo games like Age of the Gods are new versions of the game released by Playtech.

Games

Established in 2001, Gamesys has long made a name for itself in this industry, especially in the UK. It is an eCOGRA certified member who mainly specializes in online bingo games. This company has developed several innovative game ideas, among them being the first provider to launch real money games on Facebook. Various types of online bingo titles have also found their way onto renowned gaming platforms.

Any game designed by Gamesys is sure to be user friendly and have top notch graphics. In addition, several awards and trophies awarded to this company testify to its prowess. Gamesys has won awards such as:

  • Best Innovation in Bingo – 2015
  • Innovation in slot machines – 2013

Micro game

We cannot talk about the best bingo software developers without mentioning this highly rated company. Microgaming, widely known for designing the first online casino site in 1994, has had great success in online gambling. It was first known for providing slot machines and casino games before moving into bingo games in the mid-2000s.

Since Microgaming has become a regular provider of bingo games on online sites. Additionally, this provider’s software now offers 75 ball, 90 ball and fast bingo games.

Conclusion

Bingo is a very enjoyable game and with the right software developer it is even better. Different developers have their software techniques that give their release a unique feel. This is one of the reasons why gaming software differs and is really important. Either way, try bingo games from different developers and see which one you like best.

Credit card debt: 22% of Americans would rather let someone see their text messages than their credit history

By
Cynthia J. Dominguez
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0

REDPIXEL.PL / Shutterstock.com

With rapidly rising interest rates and skyrocketing prices due to inflation, accumulating credit card debt is one of Americans’ biggest regrets. A new survey reveals that one in five people would rather let someone read their text messages than show them their credit history.

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The Upgraded Points survey reveals that 35% of respondents said they immediately regretted a credit card purchase. Additionally, 24% say they would rather go to the dentist than share their credit history with their partner.

Impulse purchases, which provide instant gratification, are also big regrets, with 36% of respondents saying they bought something with their credit card that they couldn’t afford but didn’t want to wait.

According to Creditcards.com, the average credit card interest rate is 17.46% as of July 20, and with the Federal Reserve set to raise rates again on July 27, this will likely continue to rise and “would cause average credit card rates. to quickly reach historical records.

“Now that the Fed is raising rates at its fastest pace in decades, credit card issuers are quickly adapting with their own matching rate increases. As a result, consumers are seeing card offers change at a rapid pace. dizzying, with several credit cards now advertising higher rates than they have advertised in years,” according to Creditcards.com.

In turn, “such an aggressive approach could help curb price growth, but is unlikely to help borrowers who are already in debt. With further rate hikes underway, borrowers who are already struggling with rates much higher than just a few months ago will have little time to pay off their current balances before their APRs rise again,” added Creditcards.com.

Along with rising rates, there is also an increase in debt. According to the Federal Reserve Bank of New York, credit card balances are $71 billion higher than in the first quarter of 2021 and represent a significant year-over-year increase.

According to the Senior Content Contributor of the Upgraded Points website and Founder and CEO of AuPACS, Stephen Au said that setting up automatic payment on your credit cards and forgetting about it is the best solution. “It’s automated and will help you maintain a perfect payment history for your credit score.”

Ted Rossman, senior industry analyst at CreditCards.com, told GOBankingRates that many people are afraid to look at their credit card statements because they can be overwhelming.

“TransUnion says the average American has a credit card balance of $5,010. Credit cardholders carry month-to-month balances on 40% of accounts, according to the American Bankers Association. The average credit card rate is 17.25%, which is approaching an all-time high,” Rossman said.

He added that credit card debt is easy to get in and hard to get out of, with half of people having credit card debt for at least a year and about a third having it for at least two years.

“If you only make minimum payments towards the average balance at the average interest rate, you will be in debt for more than 15 years and will owe about $6,000 in interest. It’s an unpleasant reality, but there are some things you can do to help,” he said.

Rossman says his best advice is to sign up for a 0% balance transfer card, which can pause the interest clock for up to 21 months.

“Other good strategies might include using a low-rate personal loan as a form of debt consolidation or engaging with a reputable non-profit credit counseling agency like Money Management International,” he said. -he declares.

Additionally, personal loan rates go down to around 6% over five years if you have good credit, and debt management plans offered by reputable credit counselors often have similar terms and are more widely available. , did he declare.

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“The fundamentals matter too. Boost your debt repayment strategy by looking for ways to increase your income and/or reduce your expenses. Ideas could include a side hustle, selling things you don’t need, or canceling infrequently used subscription services and going out to restaurants less frequently,” he added.

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About the Author

Yael Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She has also worked as a VP/Senior Content Writer for major New York-based financial firms, including New York Life and MSCI. Yael is now independent and most recently co-authored the book “Blockchain for Medical Research: Accelerating Trust in Healthcare”, with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in journalism from New York University and one in Russian studies from Toulouse-Jean Jaurès University, France.

Debt Consolidation Loan Vs. Balance Transfer Credit Card – Forbes Advisor

By
Cynthia J. Dominguez
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0

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

If you are looking to consolidate your debts, you may consider using a balance transfer credit card or a personal loan (aka debt consolidation loan). Both options can simplify debt repayment while potentially lowering your interest rate.

Learn about the differences between a balance transfer and a personal loan to decide which debt consolidation approach is right for you.

Balance Transfer vs Personal Loan: What’s the Difference?

A balance transfer involves transferring the balance of one or more credit cards to a new credit card, usually one with a 0% APR promotional period that spans 12-21 months. As long as you pay your balance before the end of this promotional period, you will not owe any interest. If you have a balance at the end, however, you could face high interest charges.

A personal loan, on the other hand, is usually an unsecured loan that you repay in monthly installments. You can use the funds to pay off your existing debts or a lender could pay off your creditors for you. Then you’ll make fixed monthly payments on your loan over a set period of time, usually between one and seven years. Depending on your credit, you may qualify for a competitive rate.

Advantages and Disadvantages of Balance Transfers and Personal Loans

Balance transfers and personal loans have advantages and disadvantages. A personal loan can often offer higher loan amounts and a longer repayment term than a balance transfer, for example. However, you will have to pay interest on a personal loan, whereas some balance transfer credit cards waive interest charges for a year or more.

Benefits of a personal loan

  • You can use a personal loan to consolidate several types of debt, such as credit card balances, medical bills, or other personal loans.
  • Some lenders will repay your creditors directly, which will simplify the debt consolidation process.
  • You might be able to borrow up to $100,000 and get seven years to pay it back.
  • Fixed interest rates and monthly payments make it easy to budget and work towards a specific repayment date.

Disadvantages of a personal loan

  • You can’t get a competitive rate if you don’t have strong credit.
  • Some lenders charge origination fees.
  • You’ll pay interest up front, unlike a balance transfer credit card with a 0% promotional period.

Advantages of a credit card with balance transfer

  • You could qualify for 0% APR for up to 21 months, depending on the card, which can save you money on interest.
  • Without interest, you may be able to pay off your debt faster.
  • Some cards don’t charge an annual fee and offer rewards, such as travel points or cash back.

Disadvantages of a credit card with balance transfer

  • The 0% APR period won’t last forever, so you could face high interest charges if you still have a balance at the end.
  • Some cards charge a balance transfer fee of 3% to 5% of the amount you transfer.
  • You may need excellent credit to qualify, and the transfer limit you get may be lower than what you owe.

Find the Best Balance Transfer Credit Cards of 2022

5 questions to ask when choosing a balance transfer or personal loan

Choosing a debt consolidation strategy is not always easy. Ask yourself these five questions to help you understand which option is best for you.

1. What are the interest rates and fees?

When deciding between a personal loan and a balance transfer, consider which option would save you the most interest and fees. A balance transfer may be the cheapest option if you can pay off your balance in full before the end of the 0% APR introductory period.

Be sure to read the fine print, though, as your interest rate could skyrocket to 16% or more when the promotion ends. Also, beware of balance transfer fees, as this could factor into your savings.

Some personal lenders charge no fees for taking out a personal loan, while others charge origination fees of up to 8% of your loan amount. If you opt for a personal loan, compare the rates of several lenders to find the best offer.

2. How much and what types of debt do I have?

If you have significant debt, you may prefer a debt consolidation loan to a balance transfer. Balance transfers usually reach a certain percentage of your credit limit, while you can borrow a personal loan up to $100,000.

Additionally, you can use a personal loan to consolidate several types of debt. Balance transfers, on the other hand, are usually reserved for transferring credit card balances. If you want to consolidate a large amount of different types of debt, a personal loan might be the best solution.

3. What is the repayment schedule?

When you take out a personal loan, you usually agree to pay it back in fixed monthly payments over a number of years. Since your payments stay the same month after month, you can budget for them more easily.

With a balance transfer credit card, you can choose how much you pay each month, as long as you make the minimum payment. To fully pay off your balance before the end of the 0% APR period, you may need to use a calculator to determine your monthly payments.

Then it’s up to you to stick to that payment schedule and avoid racking up additional debt. If you start racking up new charges on your credit card, you could find yourself in worse shape than when you started.

4. How will this impact my credit?

Opening a new credit card or loan account can impact your credit in different ways. At first, your credit score might drop a few points when the creditor conducts a thorough investigation to check your credit. As long as you pay off your debts on time, your score should bounce back.

Opening a new credit card can also impact your credit utilization ratio, which is the amount of credit you use compared to the amount you have. To protect your credit score, keep your credit utilization below 30%.

Having a credit mix can also improve your score. Credit cards represent revolving debt, for example, while a personal loan is a type of installment debt. If you don’t have any installment debt, borrowing a personal loan could diversify your credit mix.

However, perhaps the biggest influence on your credit score is how you manage your balance transfer card or personal loan. Making payments on time and paying off your debt can improve your credit.

5. What are the credit requirements?

You’ll likely need a good or excellent credit score to qualify for a balance transfer credit card or personal loan. On the FICO scoring model, a good score starts at 670, a very good score starts at 740, and an outstanding score starts at 800.

Some personal lenders have looser borrowing criteria, allowing you to qualify with a fair credit score (below 670) or a creditworthy co-signer.

You may be able to prequalify online for a personal loan without impacting your credit score. Prequalifying can give you an idea of ​​your loan rates, terms and amounts, but your offer won’t be locked in until you submit a complete application and allow for a firm credit check.

Conclusion

A personal loan and balance transfer can help simplify debt repayment and potentially save money on interest charges. If you have high balances on multiple types of debt, a personal loan could give you the flexibility you need. But if you owe money on a credit card or two that you can pay off in 21 months or less, a balance transfer credit card might offer greater interest savings.

Whichever option you choose, make sure you have read the details of your loan or credit card agreement, including rates and terms. By sticking to your payment schedule and avoiding accumulating additional debt, you can move closer to a debt-free life.

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IGT Online Lottery Games Are Coming to Michigan

By
Cynthia J. Dominguez
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0

The Michigan Lottery technically offered online gambling before it was cool, as online lottery sales in the state anticipated the launch of Michigan online casino games. Now the Lottery is about to add IGT online lottery games to continue competing for the attention of Michiganders.

The Michigan Lottery joins a small group of American lotteries that offer IGT’s wide range of online games. These vary in format, from simple games reminiscent of scratchers to casino-like presentations. The exact launch date for the new content, however, is still uncertain.

IGT Online Lottery Games Are Coming to Michigan

A Tuesday press release broke the news to the Michiganders. IGT and the Michigan Lottery have reached an agreement to add IGT’s lottery content to Michigan’s current online lottery platform.

IGT Chief Operating Officer, Global Lottery Jay Gendron congratulated the Michigan Lottery on its current success.

“IGT’s advanced RGS integration will provide the Michigan Lottery and its players with an extensive library of premium iLottery content, diversifying the lottery’s portfolio with well-known eInstants and omnichannel themes,” Gendron said.

“As a leader in this space, the Michigan Lottery has built a robust iLottery offering from the ground up, and IGT is thrilled that we can contribute to its continued success through the launch of our games.”

The release does not mention a specific launch date for new IGT content. The statement simply says it will happen “soon”. It also indicates that IGT’s online lottery games predate this Michigan launch in Georgia, Kentucky and Rhode Island.

Each time the launch takes place, (senior) Michiganders will have access to a whole host of new options.

According to the IGT website, its online lottery content contains options for players regardless of their preferences. There are options for those looking for online versions of familiar lottery games, as well as those looking for an online casino-like experience as well.

Bingo and crossword puzzles are representative of the traditional titles on the menu. Games that imitate online slot machines to understand Cleopatra and siberian storm. IGT also offers licensed content like ghost hunters– and Wheel of Fortune-themed games.

All new IGT titles will supplement, not replace, current Michigan Lottery offerings. Players will still be able to simply log in to get their Mega Millions tickets, for example. In the near future, this will be one of many options on the Michigan Lottery app or website.

Credit card debt and interest rates among inflation hardest hitting young adults in their 20s

By
Cynthia J. Dominguez
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0

CHICAGO (WLS) — Young adults, especially those in their 20s, may be more likely to take on deep debt as inflation grips the country. This age group also faces the challenges of repaying college loans and lower-paying first jobs.

But even with the added pressure, you can still pay off your debts and have a little fun.

Teacher Mayra Jaramillo and her husband are in their twenties and are starting a family, but the couple from Mooseheart, Illinois have found themselves in debt and struggling financially.

“My husband and I needed to pay for stuff and credit was the easiest way. And we let it build and build regardless of APR or any of that,” Jaramillo said. . “Interest rates are what really hurt us because we were making payments but the bills weren’t coming down.”

MORE | Tips for paying off your credit card debt

The couple joined a nonprofit credit counseling service called Money Management International, which helped them create a personal spending plan and consolidate their debts into one payment. They now owe about $5,000 and have been able to boost their credit score using only a low-limit card, which they only use for gas and groceries. She also pays it back every month to avoid interest.

According to Nerd Wallet, 43% of credit card holders don’t even know their interest rate. The average rate jumped to 17.3%, making it harder to pay off credit card bills. University loan repayments for people in their twenties add to this burden.

“The 20s are always a hectic time. You know, we’re getting out of college, we’re getting our first job,” said Thomas Nitzsche, financial educator at Money Management International. “And with interest rates that have increased up to seven times this year. The average interest rate on credit cards is expected to be around 20%, which is an all-time high according to Bankrate. So it’s going to be really difficult for people who find themselves in this situation to be able to repay this debt.”

Jaramillo said if she wants to treat herself to a night out, it’s cash only, and the fun doesn’t go to the family’s credit card alone.

“I would say just stick to a budget and there’s nothing wrong with missing out on some things,” she said.

If you have credit card debt, you should pay off the card with the highest interest rate first and make the minimum payment on the other cards. When the card with the highest interest rate is paid off, start going after the others.

If you are looking for a credit consolidation service to help you manage your debts, always look for it first and try to stick with a non-profit service.

Copyright © 2022 WLS-TV. All rights reserved.

Top 5 Microgaming Slots – Concept Phones

By
Cynthia J. Dominguez
-
0

Microgaming is an online casino game development brand. It became known as the first software company to create online slot machines and then distribute them across the network. In its more than 2 decades of hard work, Microgaming has created nearly 850 games in its more than two decades of hard work, covering everything from legendary slots to table games, such as blackjack , roulette and baccarat which are commonly available. on online slots sites.

Part of its popularity is also due to the addition of progressive jackpots with the ability to provide eye-popping payouts. Thanks to its constant activity, the company received the highest award among software providers, awarded by the iGaming organization.

History of Microgaming

Microgaming started its work in the early 1990s when it settled on the Isle of Man. Within months, the company was already known to local and international players. Relevant fact, InterCasino, which was the first online gambling site in the world, used the software that Microgaming had created in 96.

However, to impose itself at the top, it is necessary to continue to innovate and satisfy the public. Consequently, Micrograming does not cease its activities under any circumstances. To date, the provider has partnered with over 450 different online casinos, which certainly makes a difference.

Advantages and disadvantages of microgaming

Microgaming stands out for its level of specialization and its wide range of slot machines, so we take into account the strengths and weaknesses of the provider to make a comparison:

Advantages

Industry Leader

When it comes to technological advances, Microgaming always champions the newest and most interactive. For this reason, most of his creations are based on realistic themes, immersive melodies and impressive animations. In addition, each game is given to be configured to the taste of the player. For example, there are slot machines that have the property of regulating both paylines and the number of grids or reels.

Mobile compatibility

Microgaming is one of many pioneering software providers for mobile games. Each of his creations is integrated with the necessary level of compatibility to offer a unique gaming experience from a mobile device.

Diversity

Microgaming has such a range of slot options that you are sure to find your favorite, whether it is a classic three reel slot or a modern sci-fi slot.

Graphic quality

Along with NetEnt and other specialty brands, Microgaming was one of the first software providers to equip its games with immersive graphics and tunes. The background that reflects its range of games is very realistic, and the background audio makes the experience more engaging.

Disadvantages

Repetitive themes

Microgaming is now in the throes of oversupply, and now it seems they have reached such a limit that their new slots seem to repeat content from previous releases.

Top 5 Microgaming Slots

Here are the 5 best Microgaming slots:

Mega Moolah

We are referring to a slot that was introduced to the gaming community in 2006. A few years later, Mega Moolah would go on to become one of the most rewarding slot titles of all time. The last grand prize awarded to this variant was around 15 million euros.

CashSplash

Behind Mega Moolah is Cash Splash, another of the progressive jackpot variants that has bestowed the most profits. Regarding its structure in general, the slot machine has two layouts (one with 3 reels and the other with 5 reels), and its volatility exceeds one million pounds.

major millions

Major Million is another of the magnificent creations of Microgaming, which stands out for its incomparable progressive jackpot. Contrary to the above, the Major Millions jackpot remains in the hundreds of thousands of pounds, bringing together a prize of over £500,000.

immortal novel

Immortal Romance is another of the best Microgaming releases. The theme revolves around the undying love affair of vampires and the mystical forces trying to stop them. It is a five reel machine with 243 paylines. The highest possible win on the line is worth 12,150x of your bets.

book of oz

Book of Oz is another of the best slot machines from the gaming giant. Consisting of 243 lines and a 5×3 grid, this machine is dedicated to the Wizard of Oz, the famous character from the novel by L. Frank Baum, The Wonderful Wizard of Oz. The game depicts the entire story beautifully with beautiful visuals and clean graphics. 1,000x is the maximum payout you can get from this marvelous slot, while its RTP stands at 96.5%.

4 ways to pay off $30,000 in credit card debt

By
Cynthia J. Dominguez
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0

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

If you have thousands of dollars in credit card debt, try these 4 strategies to deal with it. (Shutterstock)

Credit card debt is easy to accumulate. Pay it, though? This is the hardest part — especially once your balances reach the $5,000$15,000 or even $30,000 point.

Fortunately, there are several credit card debt repayment strategies you can use to settle these balances. If you’re struggling with credit card debt of up to $30,000, here are four ways to pay off credit card debt and control your expenses.

A debt consolidation loan is one step towards paying off credit card debt. Visit Credible for view your prequalified personal loan rates from various lenders in minutes.

1. Focus on one debt at a time

A good place to start is to focus your energy on paying off one debt at a time while only making minimal payments on others. Two popular strategies for doing this are the snowball and debt avalanche methods. Here’s how each works:

  • Debt Snowball Method — With the snowball debt repayment strategy, you first pay extra each month toward your smaller balance. Once you have eliminated this one, apply the amount you were paying to the next smaller debt, and so on. This method gives you several quick wins and can help you stay motivated when your balances start to disappear.
  • Debt Avalanche Method — Also called the highest interest rate method, this strategy aims to first pay off your most expensive debt, the one with the highest interest rate. You pay all of your extra funds into your debt at the highest rate first, making only minimum payments on the others. When that higher interest balance is gone, you work on the next highest rate debt and repeat the process. This strategy generally lowers your long-term costs the most, although it does not produce results as quickly as the snowball method.

Both strategies can be effective, but the right one depends on your unique debt situation and personal preferences. If you have a lot of separate debts and need a little extra motivation, the snowball method might be a good idea. If you have debt with a much higher rate than the others, the avalanche method would probably be smart because it will save you the most in the long run.

2. Consolidate your debts

Another option is to consolidate your credit card debt. You do this by taking out a loan and using it to pay off your credit card balances and other debts. This move essentially consolidates all your different debts into one, leaving you with one monthly payment and one interest rate.

You can consolidate your debt with several types of loans, including debt consolidation loans (which are unsecured personal loans), home equity loans, home equity lines of credit (HELOCs), and cash refinances. .

The advantage of debt consolidation is that it simplifies repayment. You only have one monthly payment to worry about and budget for. Many times this can also lower your interest rate. (Keep in mind that your loan interest rate will largely depend on your credit score.)

On the other hand, some debt consolidation loans come with closing costs, which could reduce your savings. You may also need to put up an asset as collateral, such as your house or car. This puts your property at risk of seizure or foreclosure if you fail to make payments.

Credible, it’s easy to compare personal loan rates from various lenders, and it will not affect your credit score.

3. Use a credit card with balance transfer

It might seem strange to take out a new credit card to pay off the old ones, but the strategy can work well — and save you big — if done correctly.

With balance transfer cards, credit card companies typically offer 0% interest for a fixed period, often 18 to 21 months. This allows you to transfer your high interest balances to the new card and make payments only on the principal balance for that initial period.

When using a balance transfer card, try to pay off your balance in full before the introductory rate expires. If you still have a balance at that time, your balance will begin to accrue interest at the card’s normal rate, and your minimum payment amount could increase significantly.

Balance transfer cards also usually come with transfer fees. These fees vary from company to company, but are generally around 3-5% of each balance you transfer. And you’ll generally need good to excellent credit to qualify for an introductory 0% APR card.

4. Set a budget to avoid future overspending

If you’ve accumulated $30,000 in credit card debt, budgeting is essential, both to pay off that debt and to prevent it from accumulating again.

Start by striving to understand your overall financial picture. How much money do you receive and what are your monthly expenses? You can use a spreadsheet to map everything. Be sure to include things like your housing expenses, utilities, minimum credit card and loan payments, groceries, and any other essential expenses.

You should also look at what money is going elsewhere, as this can help you focus on areas where you might be spending too much. Your bank and credit card statements can be useful for this purpose.

Once you know where your finances are, you can create a monthly budget to follow in the future. This will allow you to reduce your expenses and regularly allocate money to your debts or other financial goals. If you need advice on this task, the Consumer Financial Protection Bureau has a budget worksheet it can help.

If a debt consolidation loan is right for you, Credible makes it quick and easy. view your prequalified personal loan rates.

Global Online Casino Software Market 2022 Latest Innovations – IGT, Playtech, Microgaming, Betconstruct – This Is Ardee

By
Cynthia J. Dominguez
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0

The new study carried out on Global online casino software market from 2022 to 2028 and published by MarketandResearch.biz provides fine intelligence that prepares market players to compete well with their toughest competitors in this industry. The report offers a comprehensive research study of the market that includes accurate forecasts and analysis at global, regional and country level. It provides a comprehensive view of the global Online Casino Software market and detailed value chain analysis. This analysis report is the collation of market statistics over the past few years as well as forecasts for the coming years.

The report highlights key growth opportunities and market trends, along with critical market dynamics, including market drivers and challenges. The report then reveals the current market norms, latest strategic developments, and market players. This research paper will help buyers in the global market to plan their next courses towards the position of the market future. It covers major players actively participating and competing in the global Online Casino Software market.

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Globally, the major players in the industry are:

  • IGT
  • playtech
  • Micro game
  • Betconstruct
  • Softgamings
  • Betsys
  • BetRadar
  • SB Tech
  • Digitain
  • GammaStack
  • Each die
  • SB betting software
  • Novomatic

On the basis of Types, the market is primarily split into:

Based on applications, the market covers:

The report includes the market research based on geographic and regional location. Geographic segmentation covers:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

Some of the main highlights:

  • Regional Market Analysis of Global Online Casino Software Market
  • Product Introduction, Application and Specification
  • Main businesses and markets served
  • Market segment analysis by type, application,
  • Market Production and Consumption by Type, Application,
  • Analysis of the main manufacturers of the market
  • Market Production, Revenue, Ex-factory Price and Gross Margin (2022-2028)

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Most importantly, the report offers valuable insights regarding the future trends of the global Online Casino Software market through the various stages of the overall market. The market report provides detailed information about the changes in product types, its innovation and advancements. Research findings and data sources are also presented in the margins of the report.

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This report can be customized to meet customer requirements. Please contact our sales team ([email protected]), who will ensure that you get a report tailored to your needs. You can also get in touch with our executives at +1-201-465-4211 to share your research needs.

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States Report Small Drops in Online Poker Revenue; Record online games

By
Cynthia J. Dominguez
-
0

online poker incomes remained stable in legalized states June alongside records iGames Numbers. The industry continues to post high numbers above pre-pandemic levels.

PokerStars, BetMGM/partypokerUS and WSOP.com continue to promote monthly tournaments alongside cash game promotions. In the United States, online poker is currently live and legal in the following states:

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New Jersey Online Poker Holds $2 Million

Garden State online poker sites have backed over $2 million for the last few months. In total, the state brought in $2.1 million, down slightly from May’s report of $2.3 million. The New Jersey Gaming Enforcement Division (NJDGE) reports monthly on state results.

New Jersey currently has three online poker operators, including:

WSOP.com again held the top spot in June for the second month in a row. The operator saw a month-over-month increase and brought $960,162. The site benefited from online wristband events throughout the summer. The site’s large online events have attracted large fields.

BetMGM/partypoker US came second for the month after reporting $639,327. The website recently announced its summer classic series. PokerStars came third but was close to BetMGM, representing $594,302 in June.

In New Jersey’s live poker scene, only three rooms are open in Atlantic City including:

  • Borgata (offers weekly tournaments)
  • Harrah
  • Tropicana

No casino has yet announced plans for guaranteed multi-day live events.

BetMGM game hits $40 million mark

New Jersey Online Casinos Reported $133.1 million in June recipes. It’s a 24.4% increase year by year. Borgata Casino/BetMGM Casino brand hits $40 million for the month. The site has remained number one in the state for 15 consecutive months.

Golden Nugget took a small dive but stayed second with $35.7 million. Resorts again held on to third place and posted $28 million.

According to the NJDGE, the overall gambling revenue reported by the casino, racetracks and partners was $401 million for June. Year after year, it’s a 2.2% increase of $392.8 million in June 2021.

Gaming taxes account for 8% of gross taxable casino revenue and 15% of gross Internet gaming revenue.

Pennsylvania remains king of poker

Keystone State continues to hold the top spot for regulated online poker in the United States. Pennsylvania reported poker revenue of $2.6 million for June, according to the Pennsylvania Gaming Control Board (PGCB).

That total was down slightly from May. The Commonwealth currently has three online poker choices:

  • PokerStars
  • BetMGM/partypoker US and the Borgata Poker skin
  • WSOP.com

PokerStars is the best site in the state and has brought $1.6 million for June. WSOP.com took a small hit for the third consecutive month and reported $692,016. The platform is not part of the combined New Jersey and Nevada player pool. BetMGM saw a slight drop in revenue with $289,183 for the month.

iGaming hits record $5 billion

The PGCB also reported that online game marked a banner year in Pennsylvania. It was during the last financial year that overall turnover for the first time exceeded $5 billion.

The council reported that internet casino games generated gross revenues of $102.923 million in June 2022, compared to $88.9 million in June 2021. This represents an increase of 15.76%.

The state’s combined total revenue generated from all forms of gambling as well as fantasy contests in June was $389.8 million. This is a 0.24% increase over revenue generated in June 2021.

PA live tournaments are back

Pennsylvania tournament players can find live action all summer long in the state. The state casinos offered some of the biggest guaranteed events in the northeast.

Here is an overview of the live poker rooms open in Pennsylvania that are currently open:

  • Parx Casino
  • Mohegan Sun Pocono
  • Mount Airy Casino Resort
  • Rivers Casino Philadelphia
  • Rivers Casino Pittsburgh
  • Meadows Racecourse and Casino
  • Philadelphia Live Casino
  • Wind Creek Bethlehem
  • Pittsburgh Live Casino

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Online poker and iGaming set records in Michigan

Michigan online poker continues to grow in an expanding iGaming market. According to Michigan Gaming Control Commission (MGCB), Wolverine State Online Casinos have introduced $136.9 million revenue for June, setting a new record monthly total.

Online poker revenues are not reported separately, but show the potential of the game in the United States. The report includes the combination of poker and online games. There are now three online poker operators in the state, including:

  • PokerStars
  • BetMGM
  • WSOP.com

Michigan poker scene

BetMGM dominates in the state and also hosts the Summer Classic for poker players. The market remains separate from New Jersey and Nevada, although sites can now be launched under the interstate pact with these two States, but neither has yet done so.

In June, many Michigan online grinders headed to the WSOP for a chance to win a gold bracelet.

PokerStars has just completed its Summer stack Series with more tournament series expected soon. WSOP.com offered in-state bracelet events and launched a monthly Online circuit series as well.

BetMGM and FanDuel remained unchanged in online gaming in first and second place in the state. Michigan iGaming had BetMGM as the top dog with $47.2 million and FanDuel in second with $18.5 million.

Total gaming operators produced $24.6 million in tax revenue and in local share to the State of which:

  • Internet gambling taxes and payments – $22.5 million
  • Internet sports betting taxes and payments – $328,954

Several Michigan bricks and mortar live poker rooms are open including the charity halls:

  • MGM Grand Detroit
  • Motor City Casino
  • Greek Town Casino
  • Odawa Petoskey Casino
  • Fire Keepers Casino
  • Island resort and casino

Casinos such as FireKeepers attract players to Michigan poker rooms via large tournaments.

Delaware poker revenue and iGaming hold steady at $1 million

Online poker in Delaware had its best month ever in 2022. The state saw month-over-month growth and reported $43,121 in June, compared to $40,371 in May.

For the fourth month in a row, the state reported online gaming revenue of over $1 million. According to the Delaware Lottery, iGaming showed a network of more than $1.1 million. New player registrations also hit a yearly high of 952.

In Delaware, 888poker operates three different skins in partnership with Delaware Racetrack Casinos, including:

  • Delaware Park
  • Bally’s Dover
  • Harrington Casino and Racecourse

Delaware Park again took the top spot and showed its second-best month of 2022. The operator reported $25,966 in June and has held the top spot every month this year.

Delaware Park is the only open live poker room in the state and currently offers bonuses to players during timed table hours. The casino also offers hiring bonuses to new employees.

OLG still considering online poker in Ontario, but has no launch timeline

By
Cynthia J. Dominguez
-
0

two playing cards are visible on a blue background. one is an ace with a maple leaf instead of a diamond or a heart, partially obscured by a second card with the back side. OLG still considering online poker in Ontario, but has no launch timeline

More than seven years have passed since the Ontario Lottery and Gaming Corporation (OLG) launched its online gaming site, PlayOLG.ca.

When the site first launched in January 2015, it included casino-style poker, but not peer-to-peer online poker. His omission did not go unnoticed and OLG officials at the time said Poker Industry PRO that online poker would be included in a future site update.

Since:

  • Ontario has launched regulated markets for online poker, casino games and sports betting – and provincial regulators have warned operators that they (and any associated third parties) must exit the gray market. However, how long they have to do so remains unclear.
  • Many of the biggest poker operators in the world have since come to Ontario’s regulated space for online poker. 888poker Ontario was first released on April 4, the day the market opened. BetMGM Poker Ontario jumped on the market the next day, and the Entain bwin and partypoker brands went live a week later to create an Ontario-exclusive online poker network. PokerStars Ontario made its long-awaited launch late last month.
  • Rumors that bet365, Betway, Coolbet, Unibet and newcomer NorthStar Bets may be offering online poker in Ontario persist.
  • Last week, the British Columbia Lottery Corporation (BCLC) announced a partnership with the Saskatchewan Indian Gaming Authority (SIGA) to bring BCLC’s PlayNow platform to the province. This means that Saskatchewan will join the Canada Poker Network (PRC) and players will face off against others from British Columbia (BC), Manitoba and Quebec.

So, has anything changed with OLG’s plans for online poker?

What is it and why you should play

By
Cynthia J. Dominguez
-
0

Bingo is a popular game that is played in different ways. Online bingo is one of the most popular versions of the game, and there are plenty of online bingo sites to choose from. You can check out the best at BoomtownBingo, where you’ll also find information on the latest news and guides. Gamblers make their fortunes through gambling while sitting at home. Some do it as a hobby and a quick way to unwind. In this article, we will look at what online bingo is and some of the benefits of playing it. We will also discuss some tips for getting started with online bingo. So, keep reading if you want to know more about this exciting game.

1. What is online bingo and how does it work

People play online bingo on the internet. People who don’t think of going to the store can sit at home and enjoy the fun of the game. The game started in 1996 and by 2006 it had reached a huge value of $500 million. However, the game cost around $1 billion in 2010. Online bingo uses a random number generator, unlike physical bingo. You can easily start betting on poker and online casino by playing the game online. The game has a chat function to promote interaction and form a community between players.

Online bingo uses the same strategy as land-based bingo. The player crosses out the ticket numbers when they appear. A player wins by crossing the numbers called before the other players, and the level of numbers to cross depends on the type of bingo game. Some games are 90 balls, 75 balls, etc.; the number to be crossed out is called a ball.

2. The benefits of playing bingo online

Gambling is known to reduce stress. After work or college, a player can sit at home and enjoy every moment playing bingo online. The game makes you forget the stress of the day and relaxes the mind. Bingo is similar to gambling but less stressful and exhilarating with significant fun game options. You should expect a fun and relaxing environment whenever you play bingo. The game is slow-paced which reduces body anxiety and only takes a few minutes to complete. A player only needs a ten-minute break to experience the therapeutic effect of bingo. Relaxing the mind and body also reduces blood pressure, anxiety and depression. You can win a lot of money without having to leave your home thanks to bingo. And the winnings are determined every ten minutes.

3. How to start playing bingo online

The first thing you need to do is install bingo software on your device and buy a ticket. Each bingo software requires an account with the broker to help you track your progress, payouts, etc. The ticket is sold before the start of the game. Bingo can be fun but requires extensive research to hit big payouts. The game is a bit complicated because of its similarities. After the game starts, you need to be attentive and wait for the first number to appear. Typically, you start crossing out numbers on your ticket electronically as they appear on the screen. Numbers are usually called by their nicknames for easy understanding. The system continues to generate numbers until you get a full house. You get a full house when the system generates all the numbers on your ticket. If so, you’ve won the game. But to fully enjoy the fun of the game, you need to do extensive research to familiarize yourself with the slurs, and some sites offer free advice to new and existing users.

4. The different types of games you can play

There are different games in the system. Fast players enjoy 30 Ball Bingo on a 3 x 3 square grid. The 80 Ball and 90 Ball games are played in the UK and USA and are suitable for players who want to relax and win various prizes. The 75 ball is played on a grid of 25 squares to form the word BINGO. Other variations of online bingo include crossed out emoticons in Emoji Bingo, pop balloons in Burst Bingo, and four leaf clovers in Rainbow Riches bingo. The rules are similar in all games. A player must cross out numbers that appear to form a full house or complete line.

Photo credit: The image for the report was produced by Antonio Diaz.

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How to Avoid Credit Card Interest

By
Cynthia J. Dominguez
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0

Federal Reserve rate hikes drive up credit card interest rates, meaning it’s more expensive to get into debt and getting out of it could take longer.

Part of the problem is that credit card balances have grown thanks to inflation. Credit card balances have increased by 11% overall since 2021 and even more in some cases, according to a June VantageScore Report. Gen Z and Millennials increased their balances by 30% and 22%, respectively, while low-income consumers saw an almost 25% increase in their card balances.

Ideally, aim to pay off balances and avoid interest charges. But if that’s not possible, here are ways to lower the interest you pay as more Fed rate hikes are coming.

Why Avoid Credit Card Interest?

Credit card interest rates and annual percentage rates are generally the same, unlike loans, and among the highest rates you can pay to borrow money. What makes credit card interest so troublesome is that it gets worse.

When interest is charged on your credit card, the amount is added to your balance. And when you carry that balance forward from month to month, you’ll pay interest on the interest. This is partly why it’s so hard to get out of credit card debt.

The best way to deal with credit card interest is to avoid it in the first place. That means taking advantage of your card’s grace period and other interest-free options, always paying your bill in full and on time, and moving balances as needed.

How to make the most of your credit card grace period

Credit card purchases enjoy a grace period of at least 21 days without interest charges between the end of your card’s billing cycle and the time your credit card bill is due. In other words, you will not be charged interest on your credit card balance until your payment is due.

If you carry a balance, you will lose your grace period. Interest charges will apply to the unpaid portion of your balance and to new billing cycle purchases from the date of each purchase. Note that credit card grace periods only apply to purchases, not cash advances or balance transfers.

You can use your credit card grace period to your advantage by scheduling a purchase on the day your statement opens. Then you have over a month and a half to pay it off before interest charges apply – your entire statement period, plus the grace period of at least 21 days.

Need more interest-free time? Some credit cards offer interest-free introductory periods of 12 to 21 months. With a 0% APR card, you can make monthly payments on your balance and you won’t be charged interest until the introductory period ends and the regular APR is applied.

How to Avoid Paying Interest on a Credit Card

The easiest way to avoid credit card interest charges is to never carry a balance. You can do this by:

  • Full payment of your invoice. If you also pay on time each month, you will not be charged interest on your transactions. “Paying off your credit card in full each month is the best way to avoid interest payments,” says John Schmoll, founder of personal finance website Frugal Rules.
  • Move the debt to a new balance transfer credit card. When you’re faced with a balance that you can’t pay in full by the due date, a 0% APR on balance transfers can save you on interest. However, you will likely have to pay a fee, usually 3% to 5%, to transfer each balance. Also ask yourself if you can avoid accumulating card balances again, says Jeff Richardson, senior vice president of marketing and communications at VantageScore. “A concern comes down to this card having no balance,” Richardson said. “Now you have two balances, two interest rates, and it’s really going to start to be a challenge to meet those obligations.”
  • Planning major purchases. Before you book a big trip or buy a house full of furniture, review your budget and your card statement closing date to take advantage of the grace period.
  • Opening an introductory 0% APR card. If you need more than a month or two to pay for your purchases, a 0% APR card can offer an interest-free way to do so. Just make sure you can pay off the balance before interest charges apply.

How to lower your credit card interest

If avoiding interest altogether isn’t your reality right now due to inflationary pressures, how can you reduce the interest you pay on your credit card? Reducing your debt by consolidating it or making additional monthly payments can help ease interest rate pressures.

“First and foremost, pay off those balances as low as possible,” says Richardson.

Here are some ways to reduce your credit card interest charges:

  • Choose a debt repayment strategy to reduce your balance and interest charges. Use the debt avalanche, snowball, or blizzard method to pay off credit card debt. Choose what suits you best and get started.
  • Make multiple monthly payments to reduce a large balance. Paying off your entire balance may be more than you can handle, but could you spread it over two paychecks or make smaller weekly payments?
  • Consider a debt consolidation loan or a balance transfer credit card. You can transfer your high interest credit card balances to a debt consolidation loan or a 0% APR balance transfer card. You’ll still pay interest on a loan or fees on every balance transfer, but those costs are lower than what allows credit card balances and interest charges to grow unchecked.

Can you negotiate a lower credit card interest rate?

You can negotiate lower interest rates on your credit cards with your card issuers to help reduce your debt further.

“The higher the interest rate, the more your payment goes to the creditor and not to your balances,” says Richardson.

Start with the card you’ve owned the longest and has a solid payment history. You can also start with the credit card that has the highest rate, unless you haven’t had it for a while.

Call the credit card issuer and ask for a lower interest rate, explaining why you’re asking for a discount. Generally, issuers are willing to accept interest rate cuts, although Richardson says it may be easier to get one for borrowers with low-risk behaviors. Low-risk borrowers tend to have low balances and don’t miss payments.

Politely ask what the issuer can do for you, says Schmoll. “Remind them of your history with them, especially if you’ve been a good customer,” he says. “If there are extenuating circumstances, explain to them. The bank will obviously prefer to earn a little less interest than the possibility of you defaulting.”

‘Enough room in the sandbox’ for an often misunderstood online lottery

By
Cynthia J. Dominguez
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0

Horse racing aficionados have been betting on races online for over a decade. Sports bettors in dozens of states have tried their luck since the Supreme Court ended Nevada’s virtual monopoly in May 2018. Online casino games only work in half a dozen states, but many lawmakers have noted that carriers in New Jersey, Pennsylvania and Michigan have generated more than $100 million in revenue per month per state over the past two years.

But the online lottery is often overlooked – and even misunderstood.

Illinois and Georgia launched online lottery gambling a decade ago, a year before Nevada legalized online poker in 2013, while New Jersey and Delaware allowed online casino gambling at all levels.

On Saturday, iLottery got its 60 minutes in the sun. A panel on the topic took place in Boston at the National Council of Gaming State Legislators (NCGLS) three-day conference.

The general feeling from the panel was that many legislators either don’t like the lottery or don’t understand it – and even lottery supporters sometimes mistakenly believe it should be protected from “online competition” that would be overseen by the same lottery officials who regulate convenience store sales.

Ted Lasso and Real Housewives walk into the room

May Scheve Reardon, executive director of the Missouri Lottery since 2009, told the audience that her previous twelve years in the state House of Representatives had prepared her well for what she might face in her new role. She recalled a former colleague and lawmaker once telling her, “You know, once in a while, it’s just good to play the lottery.”

Scheve Reardon added that other lawmakers see the lottery as “the Ted Lasso of state agencies” – meaning they find it “clumsy”, at least on the face of it.

Missouri has yet to pass online lottery legislation, and the director said there’s a reason almost unique to that state: term limits that send lawmakers after a maximum of eight years to the House and the same in the State Senate. In just over a dozen years, she says, Missouri has had three governors, eight Speakers of the House and six heads of the state Senate.

“The Real Housewives of New Jersey have a more cohesive cast than us,” joked Scheve Reardon. “Therese [Guidice]she knocked over a table [in an infamous scene in 2009]and she still has a role.

With just 4.5 months in session a year to craft a nearly $50 billion budget, Scheve Reardon said state lawmakers have little time to focus on issues like considering new products such as iLottery. And just as some lawmakers have begun to fully grasp the possibilities, it’s time for them to leave the state house thanks to these term limits.

But she warned that complacency is likely to be detrimental, saying she has sometimes felt at the helm of a taxi business that “got fooled” by unexpected new competition for passengers.

“Now we’re going to get Uber-ed, if we don’t start selling Powerball online in all jurisdictions,” Scheve Reardon added of the multi-million dollar lottery game which is only available directly through the state lotteries in a few states. , such as the pioneers of Illinois and Georgia.

Already, “courier” lottery companies have sprung up online to fill that void, including Jackpocket – which is officially licensed in New York and New Jersey and not specifically banned from selling tickets to online lottery in up to two dozen other states.

“But many consumers aren’t aware of these options,” Scheve Reardon said. “If I only had a dollar for every time someone came up to me and said, ‘I forgot to play Powerball, I couldn’t go to the store,’ then I wouldn’t need to play Powerball.”

Cannibalization of lottery revenue is a myth, panelists say

With a decade of data now available on states offering both physical tickets and iLottery, panelists agreed the verdict fell on cannibalization issues.

“The idea that [iLottery sales] will hurt the retail lottery is a failed argument,” said Greg Smith, president and CEO of the Connecticut Lottery Corp., whose state launched online sales in October amid a record 1 $.5 billion in traditional lottery ticket sales last year.

Beth Bresnahan, vice president of communications for Scientific Games, cited research showing that the average age of an iLottery player is 47, compared to 55 for traditional players. Additionally, retail lottery stores in the United States grew by 20% in 2021, while lotteries in all 12 states with supposed iLottery competition saw a combined retail sales increase of 33%.

Bresnahan said iLottery “attracts new players and raises awareness of lotteries. There’s enough room in the sandbox for everyone to play.

Panel moderator Shawn Fluharty, a delegate to the West Virginia Legislative Assembly, recommended that lawmakers hear from state lottery officials who support iLottery as a supplement rather than “a mercenary who is a lobbyist.” paid”.

Several panelists also pointed to the fact that most state budgets are currently teeming with cash thanks to emergency funding from the federal government due to the two-year COVID crisis, which means lawmakers may be able to balance budgets without raising taxes. Once that “honeymoon” was over, they suggested that iLottery could attract a more receptive audience in many states.

Julin Shaw, an executive at NeoPollard Interactive – which runs New Hampshire’s online lottery – quoted Charlie McIntyre, the state’s top lottery official, as saying, “Upgrade or die.”

Image: Shutterstock

7 Ways to Reduce Your Credit Card Debt – InsuranceNewsNet

By
Cynthia J. Dominguez
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0

WASHINGTON

It’s the worst debt to carry in good times. It can be oppressive when the economy is struggling with high inflation, a plummeting stock market and rising interest rates.

Do you have credit card debt? Now is the time to come up with a plan to pay off that debt as soon as possible, because it will cost even more.

To reduce inflation, the Federal Reserve raised its key rate by three-quarters of a percentage point, its largest increase in almost 30 years. One of the implications of this decision is that interest on credit card debt will increase.

The average credit card interest rate is now over 20%, according to Matt Schulz, chief credit analyst at Lending Tree. “The worst news for cardholders when the Fed raises rates is that they don’t just raise rates on the things you buy in the future,” Schulz said. “The rate you pay on your current balances also increases, usually within a billing cycle or two.”

Maybe you’ve kept your credit card debt like a pet, pecking it out bit by bit with minimum payments or occasionally throwing extra cash at the balance. Or maybe your financial situation has forced you to rely on credit to make ends meet. Whatever your situation, here are seven ways to reduce your credit card debt in light of this latest Fed rate hike and more increases that are likely to come.

1. Stop charging

to your credit cards. Have you ever heard the expression “If you’re in a hole, stop digging?” You should stop using your credit cards if you don’t pay off balances each month. Also consider that whatever you’ve been billing for, whether it’s a TV, dinner, vacation, or clothes, will end up costing you more money in the long run if you keep rolling over the debt. .

The share of credit card revolvers, or those who carry a monthly balance, rose 0.6 percentage points to 40.1% nationally in the fourth quarter of 2021, the American Bankers Association reported in May. The Fed said he expects more rate hikes if he can’t get inflation under control.

“What really matters is that all of these rate hikes come on top of potential multi-percentage-point increases in credit card rates in a single year,” Schulz said. “So many people’s financial margin of error is tiny anyway. The last thing they need with their grocery bills and gas prices going up is for their interest rates to go up. on their credit card.

2. Start paying off the smaller balance. The question I often get when it comes to credit card debt is, should I pay off my credit cards with the highest interest rate first or the one with the lowest balance first?

On paper, the logical method would be to go into debt at the highest interest rate. But what works on paper doesn’t always work in practice. The debt reduction method that I recommend is what I call the “debt dash method”. With this, like a 100-yard dash, the goal is to make a super-fast run to debt.

In my experience I have helped hundreds of people pay off their credit card debt, their motivation to get rid of debt increases when they get a quick win. The result is that they become more aggressive in tackling what remains of the debt, ultimately paying less interest charges than if they had started with the card with the highest interest rate. Part of the battle for debt reduction is sticking to a plan.

With the debt dash, you list all your debts starting with the one with the lowest balance. Then, use any extra cash you can find to apply it to that first card on your list while making minimum payments on all other debts. Once you’ve eliminated that card, move on to the next one on your list, and so on. If two cards have a similar balance, the one with the higher interest rate gets priority processing.

3. Transfer balances to a zero percent card.

If you have good credit, you may qualify for an offer that lets you transfer your balances to a card with zero percent interest for a limited time. Zero percent balance transfer offers are still plentiful, Schulz said. “We’re even seeing a few select cards offering a full 24 months interest-free,” he said.

But as the Fed continues to raise rates and delinquency rates rise, those offers are in danger of disappearing, Schulz said. Instead of being able to find deals for 15 to 20 months interest-free, consumers may end up finding zero percent interest for 9 to 12 months, he said.

Generally, these cards are available to people with credit scores of 670 or higher, depending on Ted Rossmansenior industry analyst at Bankrate.com and CreditCards.com. “The average FICO score is 716, so most people should be able to qualify,” he said.

4. Talk to your credit card issuer.

Talking ain’t cheap when it comes to credit card debt. Many borrowers struggling with the weight of their debts never ask for help, according to Bruce McClarySenior Vice President Membership and Communications National Credit Counseling Foundation.

Before calling your creditor, check your credit report and credit score, McClary said. It helps to know the strength of your negotiating position. “You want to make sure you know exactly what you’re going to say to the creditor, to start the conversation about finding more affordable options,” he said. “Use a high credit score to your advantage.”

Maybe when you first got your card, your credit history wasn’t great, so you were offered a card with a high rate. But with on-time payments, you could now qualify for more affordable terms or even an interest-free credit card rate, McClary said.

“It’s a huge win because then you can start planning the power to pay off the balance while you have that interest-free repayment period,” he said. “But these offers go to people with the best credit ratings.”

5. Use debt consolidation or a personal loan.

It makes sense to try to consolidate debt and make one payment, especially if you can lower the interest rate. But don’t just focus on the monthly payment, warns McClary. “What you don’t want to do is tinker with the terms to have this artificially low payout,” he said.

You might get a lower monthly payment, but you could drag out the loan for years and end up paying more interest over time than your issuer was charging.

6. Contact a non-profit consumer credit counselor.

If you don’t feel comfortable negotiating with your card issuer, get help from a nonprofit credit counseling agency by visiting National Credit Counseling Foundation or by calling 800-388-2227.

By working with a credit counselor, you can put a debt management plan in place. You make a lump sum payment each month to the nonprofit, which then forwards the payments to your creditors. By participating in this type of debt management program, you may benefit from reduced or waived finance charges or fees.

7. Treat bankruptcy as a last resort.

I’ve helped a few seniors overwhelmed with credit card debt for bankruptcy protection. For them, credit had become the bridge to extend their Social Security retirement checks. This is how they were able to make ends meet. Bankruptcy gave them a fresh start.

Ask for recommendations for a bankruptcy attorney or use the Find An Attorney database for the National Association of Consumer Bankruptcy Attorneys.

Call Michelle single at 1-800-Ask-Publish. Readers can also write to Michelle single co The Washington Post, 1301 K Street NW, washington d.c. 20071. His email address is [email protected].

Top Malaysian Online Lottery Sites

By
Cynthia J. Dominguez
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0

What are the best online lottery sites in Malaysia? Online lotteries have exploded in popularity over the past few years, and it’s not hard to see why. It’s one of the easiest and most affordable ways to earn real money without ever having to leave your house. For Malaysians looking to win a little extra cash, playing the lottery online will give you the best chance of winning big!

How can I make money on these sites?

If you’re looking to win real money on Malaysian online lottery sites, your best bet is to choose a site that offers a variety of games. This way, you can increase your chances of winning by playing a game that you are good at. Also, be sure to take advantage of any bonuses or promotions the site may offer. Doing so will give you even more of a chance of coming out on top. If you want to play the lotto, it’s usually best that you don’t play a lot of numbers and focus on one specific number instead. The reason is that there are many other people playing this number as well and they might beat you in the race.

Here are some of the best Malaysian online lottery sites.

Malaysian online lottery portal

The Malaysian Online Lottery Portal is the most popular online lottery outlet in Malaysia. It was founded in January 2007 and the site has received a lot of acceptance since then. It offers Malaysia’s six major lotteries, overseas lotteries, and all international lottery games that Malaysian residents may like to play at home or abroad.

Just Play Malaysia

Looking to buy lotteries online at Malaysian casinos and sports betting sites? Just Play Malaysia is the best stop for all your favorite casino and sports betting games. The team of experts have selected the best online casinos, poker, sports betting and mobile games in Malaysia.

Get your free lottery picks!

Get Your Free Lottery Picks is one of the best lottery sites on the web today. Our winning tips will help you win more money playing online lotteries than you ever imagined possible. Our experts will share tips, strategies and recommendations for winning the lottery for all your favorite online lotteries.

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SBOBET Malaysia online betting, reviews, bonus code, free bet and promotions from the best Malaysian online bookmaker with the latest gambling news, tips and updates with 1 hour customer support via live chat.

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Oz Lottery

Lottery Oz is the best place to start your day with free daily lottery picks and live betting odds. The most trusted news and information site for Australian and New Zealand lottery fans who love to win!

Betting Online Lottery in Malaysia

Betting Lottery Online Malaysia is one of the best online gambling sites for Malaysian players to enjoy all their favorite online lotteries, casino games, sports betting, poker rooms and more.

Conclusion

These are some of the best Malaysian online lottery sites that offer real money prizes. All are safe and secure, and each offers a different type of lottery game. So, if you are looking to try your hand at making some money, be sure to check out these sites!

Living Arts | Maryland Room

Category: Local News, NEWS

This is the average credit card balance of a 30-something

By
Cynthia J. Dominguez
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0

Image source: Getty Images

How does yours compare?

Key points

  • Credit card debt can lead to high interest charges, which can get in the way of financial goals.
  • Too much credit card debt can also lead to a lower credit score.
  • On average, the average person in their 30s has a credit card balance of $6,568.

As a general rule, it’s best to keep your credit card debt to a minimum, or even avoid this type of debt altogether. Credit cards are notorious for charging high interest. And the more money you spend on interest, the less you’ll have to spend on important goals and other bills.

Plus, having a high credit card balance can actually hurt your credit score. And if your score isn’t great, you might have a hard time borrowing money — or borrowing affordably — when you need it.

During your 20s, you might end up with a little credit card debt. This is because you may be in a situation where your bills are high and you don’t have enough work experience to demand a high enough salary to keep up. But by the time you hit your 30s, you should really try to lower your balance.

Meanwhile, if you have a credit card balance in your 30s, you might be curious how your level of debt compares to people your age. And you might be surprised to learn that the average credit card balance for 30-somethings isn’t small.

How much do 30-somethings owe on their credit cards?

Average credit card balance among 30-somethings is $6,568, reports Personal capital. On a positive note, this is actually less than the average 40, 50 and 60 year old owes. But still, $6,568 is not a negligible amount, so if you have a comparable balance, it’s important to try to reduce it as quickly as possible.

Options for Paying Off Credit Card Debt

The sooner you can get rid of your credit card debt, the better. So whether your balance is comparable to that of a typical 30-something, higher or lower, it’s important to develop a compensation plan.

To that end, you might want to consider a balance transfer, which allows you to transfer your various balances to a single credit card that ideally will come with a lower interest rate. You might even be able to qualify for a 0% introductory rate on your balance transfer. But if you decide to go that route, commit to taking advantage of that lower interest rate (or 0% rate) by paying off your debt, and not add to your balance unless you have absolutely no choice.

Another option is to consolidate your credit card balances into a personal loan, then pay off that single loan as soon as you can. The advantage is that personal loans generally have lower interest rates than credit cards. They also offer fixed interest rates, so you won’t have to worry about your rate going up while you’re paying off your debt.

Clear that debt as soon as you can

If you’re in your 30s and have credit card debt, you’re in good company. But you should also do your best to get rid of this debt as soon as possible. As you get older, you’re likely to want to start focusing on other goals, like saving for retirement, so the less money you waste on credit card interest, the better.

The best credit card waives interest until 2023

If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% in 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

7 Ways to Manage Credit Card Debt

By
Cynthia J. Dominguez
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0

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

If you’re struggling with credit card debt, these 7 strategies can help you manage your debt and become debt free. (Shutterstock)

The average credit card balance was $5,000 at the end of 2020, according to the Consumer Financial Protection Bureau. If you’re struggling with credit card debt, these seven strategies can help reduce your financial burden and free you from debt.

A personal loan is a way to manage your high interest debt. Credible, it’s easy to view your prequalified personal loan ratesall in one place.

1. Contact your credit card company

Begin, contact your credit card company (or several companies if you have several cards). Explain your situation and ask if there is anything they can do to help you.

Depending on the company and your history with them, they may lower your interest rate, give you a temporary payment reduction, or change your payment due date. If you’ve been a loyal, long-time customer and have tracked your payments, they may be willing to work with you.

APR VS. INTEREST RATES: WHAT’S THE DIFFERENCE?

2. Make a plan to pay off your debt

If you don’t have a budget, it’s time to make one. To get started, list all of your debts, which can include credit cards, car loans, personal loans, and student loans. Next, write down all of your essential expenses, such as groceries and utilities.

Next, determine your monthly after-tax income so you know how much money you need to spend on your debts, as well as essential and discretionary expenses. You can track your budget manually or use a budgeting app.

If you’re struggling to make your budget work or don’t have enough to pay off your debt, you’ll need to make a few changes. You can reduce your expenses, increase your income, or both.

Visit Credible for compare personal loan rates from various lenders, without affecting your credit score.

3. Pay more than the minimum

It can be tempting to only make the minimum credit card payment each month. But paying the full balance when possible, or more than the minimum, is ideal. This is because any balance carried over to the next month will start earning interest and will cost you more each day.

A high credit card balance can also affect your credit utilization rate, which is the amount of credit you use against your credit limit. If your credit utilization is over 30%, your credit score could drop and even prevent you from being able to take out low-rate credit cards and loans in the future.

4. Use the debt snowball or avalanche method

The snowball and debt avalanche methods are two debt repayment strategies you can use to pay off your credit card debt. With the debt snowball method, you focus on paying off the debts with the smallest balance first, regardless of their interest rates. This is a good option if your goal is to stay motivated and celebrate small wins.

If you opt for the debt avalanche strategy, you will favor debts with the highest interest rates. While you won’t see your balances disappear that quickly, the avalanche of debt makes sense if you want to save as much money as possible on interest.

DEBT SNOWBALL METHOD VS. AVALANCHE OF DEBT: WHAT’S THE DIFFERENCE?

5. Enjoy a 0% APR Balance Transfer Credit Card

If you want to avoid paying tons of credit card interest charges, a 0% APR balance transfer card is worth considering. It can allow you to transfer your current credit card balance to a new card and avoid paying interest for a fixed period, often six to 18 months.

Keep in mind that you’ll generally need good credit to qualify, and you’ll likely have to pay a balance transfer fee – typically 3% to 5% of each balance you transfer. Additionally, once the APR introductory period is over, interest will begin to accrue at the card’s regular rate. Before going ahead with a balance transfer card, make sure that you will be able to pay off the balance at the end of the introductory period or you could find yourself back at square one.

6. Review your monthly spending habits

Chances are you have expenses that you can reduce or even eliminate altogether. Take a close look at your monthly spending habits and get creative with spending less and saving more.

For example, if you have a gym membership that you rarely use, you can cancel it. You can also prepare most of your meals at home rather than ordering takeout or dining out. Another option is to downsize to a smaller apartment or house, or find a roommate to share housing costs.

Every change, big or small, in your drinking habits can make a positive difference in your efforts to pay off credit card debt. The less you spend, the more you will need to invest in your credit card balance.

7. Consider taking out a debt consolidation loan

A debt consolidation loan is an unsecured personal loan that allows you to combine multiple debts into one loan that may include a lower interest rate and a fixed repayment schedule. This strategy can make it easier to pay off your credit cards because you only have to worry about one payment, instead of multiple payments.

You might also be able to save hundreds or even thousands of dollars in interest charges and pay off your credit cards faster. The downside is that it can be difficult to qualify for the best rates on a debt consolidation loan unless you have good to excellent credit.

You may also have to pay fees on the loan, such as origination fees. Also, a debt consolidation loan won’t help you if you’re tempted to increase your credit card balances again. Still, this type of loan can be a good option for consolidating your high-interest debt and can get you out of debt faster.

If you are looking for a debt consolidation loan, visit Credible for compare personal loan rates to find the one that suits your needs.

Online Bingo Games Market SWOT Analysis by 2028

By
Cynthia J. Dominguez
-
0

New Jersey, United States – The Online bingo games market The research report aims to provide a quick overview of the overall industry performance and important new trends. Important information, as well as conclusions, latest key drivers and constraints, are also described here. A wide range of quantitative and qualitative techniques are used by market analysts, including in-depth interviews, ethnography, customer surveys, and secondary data analysis. It becomes easy for major players to collect important data regarding key organizations along with information such as customer behavior, market size, competition and market needs. By referring to this Online Bingo Games Market research report, it becomes easy for key players to take evidence-based decisions.

This Online Bingo Games Market research report adds the potential to impact its readers and users as the growth rate of the market is affected by innovative products, increasing demand for the product, the wealth of raw materials, increasing disposable incomes and changing consumer technologies. It also covers the effect of COVID-19 virus on market growth and development. Market participants can briefly study the report before investing in the market and expect higher returns. According to the report, the market scenario continues to fluctuate based on many factors.

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Several industries are interested in determining what the customers really want and the Online Bingo Games market report helps in this regard by carrying out detailed market research. Before bringing a new product to market, every business owner wants to know the demand for the product, and this market research report is the best guide for them. It further helps in meeting business requirements by covering all the latest advances in the market. The Online Bingo Games Market report is the best way to keep a close eye on the activities of leading competitors as well as the strategies they are deploying for the expansion of their business. It further conducts in-depth analysis for the 2022-2028 assessment period to provide more business opportunities for business owners.

Top Key Players in Online Bingo Games Market Research Report:

NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech, William Hill, Kindred, Amaya, Paddy Power Betfair

Key Segments Covered in Online Bingo Games Market – Industry Analysis by Types, Applications and Regions:

Online Bingo Games Market – Type Outlook (Revenue, USD Million, 2017 – 2029)

• Poker
•Casino
• Sports betting
• Other

Online Bingo Games Market – Application Outlook (Revenue, USD Million, 2017 – 2029)

• Entertainment
• Commercial
• Other

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Scope of Online Bingo Games Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Regional Analysis For Online Bingo Games Market:

The Online Bingo Games Market research report details current market trends, development outline, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.

? North America (United States, Canada and Mexico)
? Europe (Germany, France, UK, Russia and Italy)
? Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
? South America (Brazil, Argentina, Colombia, etc.)
? Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

What insights does the Online Bingo Games market report provide readers?

? Fragmentation of online bingo games based on product type, end use and region
? Comprehensive assessment of upstream raw materials, downstream demand and current market landscape
? Collaborations, R&D projects, acquisitions and product launches of every online bingo game player
? Various regulations imposed by governments on the consumption of online bingo games in detail
? Impact of modern technologies, such as big data and analytics, artificial intelligence and social media platforms on online bingo games

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How to Pay Off Credit Card Debt: Strategies for Financial Freedom

By
Cynthia J. Dominguez
-
0

This summer is the perfect time to start the road to financial freedom by paying off credit card debt and mastering longer-term loans once and for all. Let us show you strategy after debt repayment strategy, so you’ll have plenty of advice at your fingertips.

Ask for lower interest rates on your existing credit cards

Before you start increasing your credit card payments, contact your credit card companies, especially those with which you have large balances and higher interest rates. Assuming your account is otherwise in good standing, you can get a credit card interest rate reduction simply by calling and asking. The reason? Credit card companies want to keep their good customers. So if you pay your credit card bills on time, it’s worth asking for a lower rate. “Ask for lower interest rates, you have nothing to lose and you might be pleasantly surprised,” says Tara Alderete, director of corporate learning at International financial management.

Transfer balances to cards with lower interest rates

If you have high balances on your existing cards, consolidating your debt onto a new credit card with a lower interest rate can save you money on interest charges. The best balance transfer cards offer lower rates on balance transfers, but be aware that you must have good credit to qualify. “In some cases, you may even be eligible for an initial interest-free repayment period,” says Bruce McClary, senior vice president of memberships and communications at the National Credit Counseling Foundation. “The lower your interest rate can be, the easier it is to pay off your debt faster.”

Before applying for a new card, watch out for balance transfer fees, which could cost you 3% to 5% of the transferred amount. Also consider the new card’s credit limit: if it’s significantly lower than the amount you already owe, you won’t be able to transfer much of your debt. Another downside: a card with a good balance transfer offer may not offer rewards points, which you might miss out on if you opt for a card that offers bonuses for spending in certain categories.

Pay more than your credit card minimum payments

Credit: commented / Getty Images / Aleksander Kaczmarek

To advance your credit card debt, you will have to pay more than the minimum card payment.

The first step to tackling credit card debt is to get into the habit of paying more than the minimum payment on a card. While making a minimum payment will keep your account in good standing, it’s not the fastest or most financially sound way to get out of debt.

One way to understand how it works is to consider this example from Becky House, Director of Strategic Initiatives for American Financial Solutions. If you have a credit card with a balance of $2,000 and an interest rate of 18%, it will take you 10 years and 11 months to pay off if you only make the minimum monthly payments of $35. You’ll also pay $2,574.43 in interest, yes, more than double what you originally owed! By increasing the payments to $50 per month, you reduce the term to 5 years and 2 months and the interest amount to $1,077.15.

“No matter how much you can add to your minimum payment, it helps you pay off debt faster and save on interest and fees over time,” McClary says.

Focus on the cards with the highest interest rate

Person holding credit card and mobile phone smiling.

Credit: commented / Getty Images / Moyo Studio

Paying off a credit card with the most interest charges is a good strategy for paying down debt.

Let’s say you have more than one card in debt and you are unable to increase your monthly payments much beyond the monthly minimum. “Focus first on the credit cards that charge the most interest,” says McClary.

Exceptions are if you also have an overdue or already debt collection account. In these cases, you’ll want to settle your delinquent account first to make it current, and then move on to paying the credit card account that’s costing the most interest. You’ll want to pay as much as you can on this card per month, once you’ve covered at least the minimum payment for every other card that has a balance (lest you leave any of the those fall into a situation of late payment).

Postpone payments when you pay a card

Paid a credit card? Congratulations! You can now apply the money you paid on this credit card to another account. It’s a great way to maintain your payment momentum or “defer” payments you were making on the card with the next highest interest rate.

“For example, if you’re paying off a credit card, instead of putting that money back into your budget, start sending it to another creditor that you owe,” House says. “These larger payments will help eliminate that debt faster.”

Manage your other debts

Person touching phone screen

Credit: commented / Getty Images / Chainarong Prasertthai

Once your credit accounts are in good standing, managing other debts will become easier.

Once your credit card accounts are in good standing, you can focus on the other debts of your life. Do you have student loans, car loans and/or home loans? Now you should turn your attention to these types of debts. “Refinancing and consolidation are options for borrowers with good credit,” McClary says. “For those who are eligible, the right approach can result in interest savings and minimum monthly payments.”

By refinancing your loans, you can save on interest charges over the remaining term of the loan. And less interest means more money in your pocket. Start with your lending bank or credit union and learn about refinancing options. You will also want to look at online lenders. Choose the lender offering the best rates based on your credit. When you refinance, you can also consolidate loans into one new loan at a new, lower interest rate.

Whether you’re refinancing or continuing to pay off the original loan, pay more than the monthly payment and you’ll really make progress in paying down your debt.

Enjoy life without debt

People enthusiastically throw papers in the air.

Credit: commented/Getty Images/PeopleImages

Becoming debt free will untie your funds for future projects.

Once you’ve paid off your last credit card and mastered any other loans you owe, your financial life will be a lot better for it. Living without credit card debt in particular has many benefits.

“In addition to not having big monthly credit card payments that eat into your budget, you also don’t have to worry about all the money you’re paying in interest,” McClary says. You have extra money to grow your savings or put back into your budget. With inflation driving up the cost of living, having a little extra cash for groceries or gas can be a big help.

Plus, the stress of living with credit card debt is over and you can focus on your next financial steps breathing easier. Enjoy your new found freedom.

Review’s product experts have all your shopping needs covered. Follow Rated on Facebook, Twitter, instagram, ICT TacWhere Flipboard for the latest deals, product reviews, and more.

Prices were accurate at the time this article was published, but may change over time.

“The key is not to be paralyzed by fear.” Now is the time to be proactive before higher rates show up on your credit card bills.

By
Cynthia J. Dominguez
-
0

Credit card debt can be difficult to manage, even at the best of times, but increasingly high interest rates add to that challenge.

In June, the Federal Reserve announced a 0.75% increase in the federal funds rate – its largest increase in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

Why You Should Prioritize Credit Card Debt

Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed-rate products like personal loans may not see as much of a change in interest rates when the federal funds rate rises, variable-rate products like credit cards likely will.

Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

“When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

See: Americans are feeling increasingly uncomfortable with their savings. Here’s why.

Tackling Your Credit Card Debt: First Steps

Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

“Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

Also on MarketWatch: How to find strength and allies to confront stereotypes, discrimination and microaggressions

Other Strategies to Fight Credit Card Debt

If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, says Davis, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

At 0% balance transfer card is one of the best ways to consolidate your debt whether you have good or excellent credit (690 or more FICO FICO,
+1.84%
score). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

Don’t miss: It all started with a guitar and turned into a $20,000 debt: How I paid it off in 8 steps

Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

More from NerdWallet

Jackie Veling writes for NerdWallet. Email: [email protected]

The Online Casino Software Market Will See Skyrocketing Growth

By
Cynthia J. Dominguez
-
0

online casino software market Research Report 2022 This research report provides Covid-19 outbreak study accumulated to offer latest insights about acute characteristics of the Online Casino Software market. This intelligence report includes investigations based on Current Scenarios, Historical Records, and Future Predictions. The report contains different market forecasts related to the market size, revenue, production, CAGR, consumption, gross margin, charts, graphs, pie charts, price, and other important factors. While emphasizing the major driving and restraining forces of this market, the report also offers a comprehensive study of future trends and developments of the market. It also examines the role of major market players involved in the industry including their company overview, financial summary and SWOT analysis. He presents the 360 degree overview of the competitive landscape of industries. The online casino software market shows steady growth and CAGR is expected to improve over the forecast period.

Manufacturer’s detail
IGT
playtech
Micro game
Betconstruct
Softgamings
Betsys
BetRadar
SB Tech
Digitain
GammaStack
Each die
SB betting software
Novomatic

Product type segmentation
On the site
Cloud-based
Industry segmentation
Personal use
Company

Global Online Casino Software Market Report provides you with in-depth insights insights, industry knowledge, market forecasts and analysis. The Global Online Casino Software Industry Report also clarifies economic risks and environmental compliance. Global Online Casino Software Market Report Helps Industry Enthusiasts Including Investors and Policy Makers Gain Confidence capital investments, develop strategiesoptimize their business portfolio, innovate successfully and perform in a safe and sustainable manner.

online casino software market: The regional analysis includes:

  • Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (United States, Mexico and Canada.)
  • South America (Brazil, etc)
  • The Middle East and Africa (GCC countries and Egypt.)

Main points covered in the table of contents:

  • Insight: Along with a broad overview of the global Online Casino Software market, this section provides an overview of the report to give an idea of ​​the nature and content of the research study.
  • Analysis of the strategies of the main players: Market players can use this analysis to gain a competitive advantage over their competitors in the online casino software market.
  • Study on the main market trends: This section of the report offers a deeper analysis of recent and future market trends.
  • Market Forecast: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales and other forecasts for the Online Casino Software market.
  • Regional Growth Analysis: All major regions and countries have been covered in the Online Casino Software Market report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
  • Sector analysis: The report provides accurate and reliable forecasts of the market share of important segments of the online casino software market. Market players can use this analysis to make strategic investments in key growth pockets of the Online Casino Software market.
  • Free report data (in the form of an Excel data sheet) will also be provided upon request with a new purchase.

Key questions answered by the report include:

  • What will be the market size and the growth rate in 2028?
  • What are the key factors driving the global online casino software market?
  • What are the key market trends impacting the growth of the Global Online Casino Software Market?
  • What are the challenges of market growth?
  • Who are the major vendors in the global online casino software market?
  • What are the market opportunities and threats faced by the vendors in the global Online Casino Software Market?
  • Trending factors influencing the market shares of Americas, APAC, Europe and MEA.
  • What are the key findings of the Five Forces Analysis of the Global Online Casino Software Market?

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Should I use a loan to pay off a credit card?

By
Cynthia J. Dominguez
-
0

Back in the pandemic, people were taking advantage of ultra-low interest rates to repay record amounts of non-mortgage debt. This year, however, the Bank of England has raised interest rates in an effort to tame the specter of inflation.

Should borrowers take this opportunity to pay off their credit card debt by taking out a low-interest line of credit for a limited period?

While on the one hand paying lower interest on your debt seems like a good strategy, on the other it means taking on new debt to pay off the old one.

So what should you do? As always, the answer is not an outright “yes” or “no”, but rather “it depends”. Considerations include your own financial situation, the causes of debt accumulation, your ability to repay, and anticipated future income and expenses.

If you decide to consolidate your credit card debt and pay it off with a line of credit, here are some tips on how to approach it:

Think before acting

The logic of moving your debt from a higher interest rate product to a lower interest rate product is sound, but there are some things to keep in mind, says Anne Arbour, financial educator at the Credit Counseling Society, a registered non-profit service for consumers. .

“The most important of these is having and sticking to a disciplined plan to pay off that line of credit without taking on new debt in the meantime,” she says.

“That means not using the excuse of a lower interest rate to add to your line of credit borrowing beyond what you’ve used to pay off your credit card(s).”

To do this in a lasting way, one must understand why the debt arose in the first place. Was the decision to go into debt motivated by a one-time life event? If so, do you have the resources to direct you to the line of credit to clear it permanently within a specific time frame?

If it’s about living beyond your means and then relying on credit to make up the shortfall, “you risk increasing your indebtedness on an ongoing basis,” Arbor says.

Many resources are available to consumers to deepen their understanding and knowledge of their personal and unique financial situation. In the UK, Citizens Advice will give you many options, including information on debt relief orders and repayment plans.

Understanding Terms

Know and understand all terms and conditions of any product before signing on the dotted line. Ask lots of questions and make sure you understand the answers. Some questions include:

  • What is the interest rate?
  • What are the monthly payment requirements?
  • Is the lowest rate offered continuously or is it only available during a promotional period?
  • Are there administration fees?
  • What are the late penalties? Are there prepayment penalties?
  • What are the terms of the loan?

“All of the answers to these questions could easily negate the benefits of a low-interest product,” Arbor warns.

How should I manage my consolidated payments?

It is important to have a firm plan for paying off the line of credit before committing to it.

“Make sure you stick with this plan throughout, no matter how many flexible payment options you have,” Arbor says, noting that consumers should resist the temptation to treat LOC like a credit card and to make only the minimum payment required each month.

That would mean additional interest and a longer payback period, she adds.

Having a good understanding of your numbers and knowing how much extra you can afford to repay any outstanding amount on a line of credit can save you a lot of time and money.

“Use a budget construction tool and debt calculators can help you create that realistic and achievable plan,” Arbor notes.

Keep an eye on the risks of debt consolidation

One of the main risks is not understanding how the debt accrued in the first place. Was it unusual circumstances or poor financial decisions? Ask yourself the question: “Is debt consolidation a band-aid solution that leaves you vulnerable to accumulating more debt in the future? [and] Are there other options that can help you have a more permanent impact on your financial future? »

Another key risk is not knowing your true ability to make timely and ongoing payments, even at a lower interest rate, which could further damage your creditworthiness.

“There may be better options available to you, such as a debt management program, which can help you make permanent change by consolidating your debts into one monthly payment and negotiating with your creditors. to reduce or completely eliminate interest, so you pay off your principal amount even faster,” argues Arbor.

Borrowers must also weigh the risk of taking out more credit than they actually need. “Many financial institutions will offer a higher credit limit than you might need to pay off all of your existing debt, and that extra, lower rate cushion can be very tempting to use,” she warns.

Establish a repayment period

There are many online debt calculators that can help consumers determine how long it will take them to pay off their debts. Steadfast discipline goes a long way in repaying the loan on time.

“While a fixed loan will have a repayment deadline, most lines of credit are, like a credit card, open and renewable, allowing the consumer to repay and reborrow,” she says. “This is where understanding the terms and conditions of the specific product you are signing up for becomes critical.”

Failure to pay monthly installments by the due date can result in accrued interest, damaged credit rating, and reduced credit rating.

Also, avoid treating a line of credit like an ATM. It can be tempting to access funds when you are going through a weak moment. Once you’ve consolidated your debt, put those credit cards away until at least the debt slate has been cleared.

Don’t be “tempted by the shiny new zero balance on your credit card(s) to start building that debt up again,” Arbor warns.

If you’re still not sure where to start, consult a qualified professional who can help you develop a plan to settle your debt within your financial means.

Why do big companies like Microgaming casinos make deals with competitors?

By
Cynthia J. Dominguez
-
0

AFP

Last update:


The gaming industry is a large and highly profitable market that engages millions of customers worldwide. This industry involves different types of participants who usually compete for the attention of gamers. In a traditional gaming process lifecycle, software developers create various projects like table games, video poker or video slots, then top online casinos list these games and players enjoy them.

roulette-casino
1 credit

Typically, a regular casino software provider wants to acquire as many customers as possible and promote their own unique services. Other developers are rivals, in this case. However, sometimes big brands like the software company Microgaming enter into strategic partnership agreements with market opponents. At first glance, this seems absurd. But the online gambling world follows traditional business rules and companies know it.

If you want to know why teams like Microgaming casinos decide to work together, read on! We will talk about various market games, casino specifications, unique features of Microgaming casino operators, customer preferences, advertising tricks, casino bonuses and, surely, real money which is the main goal of any business. Let’s go!

The current state of the iGaming market

In short, the gaming industry has three main types of parties involved that need to make various connections to maintain the whole ecosystem:

  1. Software developers: NetEnt, Microgaming, Playtech and others. They design all the games you play and the desktop casino systems you use.
  2. Online Casinos: Casumo casino, Palace casino, Gaming Club, Betway casino, Spin casino, Guts casino, Roxy Palace, Vegas casino, Jackpot City, etc. They place the games on their websites and allow users to play them.
  3. Players: you and me. People who open Microgaming sites and other platforms to enjoy listed casino games.

As you may know, developers create games and other apps for casinos, then operators buy or rent that software, and users access favorite games through desktop or mobile casinos. It’s a typical scenario.

Moreover, it is natural for companies to compete with other companies in their niche, i.e. developers “combat” other developers, while casinos “compete” against each other. other gambling sites. The best online casinos get the maximum profit, obviously.

Still, there are more nuances than just market fights. They are described in the next section where we explain why the best Microgaming online casinos also work with other providers. Simply put, in this case they can get more games including online blackjack, roulette, and baccarat.

Basic Relationship Types

Like any other business environment, the online gaming industry is centered around three main forms of business interactions. More often than not, the teams compete against each other. Sometimes big brands like the king of gaming – Microgaming buy out small independent groups. Additionally, teams can cooperate on equal terms to gain valuable benefits. To fully understand why this or that type appears at any given time, you can explore the following three points.

Competition

This is the most typical and traditional market condition for popular online casinos. They aim for significant growth therefore always fighting for two crucial resources: money and customers. The best Microgaming casinos and other sites have hundreds of thousands of customers and make insane profits because they offer top notch slot games with or without progressive jackpots, online roulette, craps, baccarat, blackjack, poker and more. many other titles. They even include casinos with live games streamed from real studios.

In a nutshell, the competition is well known to all market players. But big fish can hardly achieve success in this game without other forms of interaction.

Acquisition

The second approach is to consume and eliminate. Following our analogy, acquisition is a situation where large fish companies eat smaller ones. Then these small independent studios continue to operate in the big system under the name of a famous brand such as Microgaming. The games they make are listed as the products of this new parent company, but at least the developers can enjoy their work and get decent pay.

Moving on to the examples, let’s just look at the official report list of teams working with Micro game online casinos. Currently, there are six names:

  • All41 Studios
  • Fortune Factory Studios
  • Fronde Studios
  • Stormcraft Studios
  • Change studio
  • Triple Edge Studios

The brand’s latest acquisition was Fortune Factory Studios in 2018. Other famous companies are also following this path as big companies are always on the lookout for new creative ideas and relevant skills. These independent studios may still come up with some cool online casino games, but their projects will boost a big fish’s market presence, not their own. This approach isn’t entirely fair to both parties, so developers often look for a pure partnership.

Partnership

Here we have two different forms of strategic partnership between game companies. Let’s take a quick look at both to get a clearer picture. Since we are talking about a famous company, here are two shining examples:

  1. Microgaming + Mansion (developer + operator). The Isle of Man team has partnered with the Gibraltar-based company to deliver brilliant casino slots and other games to gambling websites. Thus, the first brand can promote its famous creations like Mega Moolah and Thunderstruck II while the second team gets more customers.
  2. Microgaming + Evolution Gaming (developer + developer). This example shows that rivals can easily become partners. In short, this means that Microgaming casinos should exclusively list Live Dealer games from Evolution. Thus, two parties cooperate to provide the best live experience to a wide audience.

As you can see, the first form is not about competitors, actually. It is characterized by cooperation between the best casinos and software providers, so this partnership is vital for the entire market. Without interaction between operators and developers, players could not access the game selection from Microgaming or other leading developers.

On the other hand, the second form is the most unusual. It represents the cooperation between two software publishers who usually compete. Cooperation between these parties is quite rare and is dictated by market conditions. When both companies realize that they can benefit from this partnership, they accept the terms and conditions of the “game”.

Key Reasons to Cooperate with Market Competitors

While the most traditional form of market coexistence for game companies is competition, they can also benefit from cooperating with adversaries. These benefits can include high financial profits and customer expansion. Without diving into the depths of marketing, let’s take a look at the most common reasons for cooperation between award-winning casinos, top providers, and other related parties.

  • Avoid takeovers. Sometimes small businesses with unique characteristics may initiate a partnership agreement to protect themselves from acquisition by larger brands. Often, this scenario is common for the mobile games industry where indie developers can share their experience with desktop-oriented teams.
  • Improve the quality of games. It’s obvious that competition leads to better outcomes for customers, as companies try to beat each other by offering better options. However, cooperation can also improve the user experience. For example, the mentioned partnership between Evolution and Microgaming leads to bonuses for players as they now have smoother and better live casinos.
  • Exchange of experience. As we mentioned, teams doing projects for mobile devices can share their knowledge with desktop companies and vice versa. Cooperation helps to create better slot machines and other cool stuff, for example, you can play your favorite Jurassic Park using any gadget.
  • Get better casino reviews. Finally, the benefits listed lead to increasing customer loyalty. People tend to appreciate all-in-one services because they can enjoy various games in one place. Thus, a casino room with applications from different providers is more likely to succeed and engage new users.
  • Solve global problems. Last but not least, there are certain gambling issues that businesses have to deal with. For example, violating responsible gaming principles can result in casino bans and penalties. Therefore, when developers accept the privacy policy and agree to protect fair play, they are more likely to work with the bright minds of other industries.

On the whole, these reasons are not enough to force companies to cooperate instead of compete. But partnerships are quite popular now, so we can expect even better results from the joint work of developers. Probably we will see innovative mobile games, unique payment methods or cool deposit bonuses without WR, who knows…

Potential consequences

The gambling market is currently undergoing major transformations. Blockchain-based casinos and online slots enter the game, governments introduce new regulations and NGOs fight addictions by imposing strict rules of the game. All over the world, from the UK to Australia, casinos (both mobile and desktop) are trying to retain their customers. The power of cooperation is now undeniable. It is possible that the market will consolidate and we will see a new monopoly. Yet, it is even more possible that the competition will become more aggressive and disruptive. We’ll see.

All rights reserved.

Rising interest rates mean it’s time to eliminate your credit card debt

By
Cynthia J. Dominguez
-
0

(NerdWallet) – Credit card debt can be difficult to manage, even at the best of times, but ever-higher interest rates are adding to that challenge.

The Federal Reserve announced a 0.75% increase in the federal funds rate – its biggest hike in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

Why You Should Prioritize Credit Card Debt

Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed rate products like personal loans may not see as much change in interest rates when the fed funds rate rises, variable rate products like credit cards likely will.

Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

“When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

Tackling Your Credit Card Debt: First Steps

Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

“Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

Other Strategies to Fight Credit Card Debt

If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, says Davis, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

At 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

Here’s How to Stay Debt Free After Credit Card Consolidation

By
Cynthia J. Dominguez
-
0

Get the most out of your debt repayment plan by taking these simple financial steps after consolidating your credit card. (iStock)

Bundling variable rate credit cards into a fixed rate personal loan can help you pay off debt faster, lower your monthly payments and save money on interest charges over time. But while credit card consolidation is a popular way to get rid of debt, it can be tempting to raise your credit limit again after paying off balances.

“If you consolidate your credit cards and keep spending the same amount as before, you’ll end up in the vicious cycle of credit card debt,” said Ryan J. Marshall, a certified financial planner (CFP) based in Wyckoff, NJ.

Keep reading for tips on how to stay debt free after consolidating your credit card. And if you’re considering paying off your credit card debt with a personal loan, it’s important to seek the lowest interest rate possible for your financial situation. You can visit Credible to compare personal loan rates for free without affecting your credit score.

SHOULD I REFINANCE MY MORTGAGE TO CONSOLIDATE A DEBT?

Create a strong emergency fund

An emergency savings fund can help you avoid high-interest credit card debt when you’re faced with a job loss or an unexpected expense, like car maintenance. or home repairs. Zachary Bachner, CFP in Sterling Heights, Michigan, said your emergency savings should cover about three to six months of living expenses.

“Setting aside those savings will allow you to pay for any unexpected expenses and save you from having to charge the expense to a credit card or possibly a personal loan,” Bachner said.

Increasing your savings may seem like a difficult task if you’re already struggling to balance your budget, but it doesn’t have to be. Setting up automatic transfers from your paycheck to your emergency fund can help you boost your balance without even thinking about it.

“Ask your employer to send money directly to your savings account, so you don’t see there’s money to spend,” said Texas-based CFP Jordan Benold.

Another strategy is to put your emergency fund in a high-yield savings account that grows with time and interest. You can visit Credible to compare savings account rates from multiple banks at once.

PROS AND CONS OF BALANCE TRANSFER CREDIT CARDS

Track your spending habits with a budget

According to Marshall, debt consolidation is the easiest part of achieving a debt-free lifestyle – “The hardest part is the behavior of setting a budget and sticking to it.”

Creating a sustainable budget can give you valuable insight into managing your money, so you can identify areas where you might be overspending. You may find that you are spending more than you earn, which can be the cause of credit card debt.

“By limiting your spending, you can remove the need for debt on a monthly basis,” Bachner said. “It’s important to track every dollar of income and match it to an expense or savings goal.”

To get a better idea of ​​how you manage your finances, enter a few months of bank statements into a spreadsheet. There are also several free budgeting apps like Mint and Personal Capital that can help you track your purchases automatically by securely logging in through your bank.

HOW TO MAXIMIZE YOUR CREDIT CARD REWARDS

Look for ways to increase your income

Inflation has been rising at a record annual rate in 2022 so far, which means the money you earn loses purchasing power over time, according to Greg Giardino, a CFP in Tarrytown, NY. reducing your expenses may not be enough to help you offset the impact of rising consumer prices, it may be necessary to increase your monthly income to avoid taking on more credit card debt.

However, it is not practical for all breadwinners to take on a second or third job. Less time spent at home can mean higher child care costs or other additional expenses. Before you start looking for side gigs in your local classifieds section, start by asking for a raise at your current job. When negotiating for a higher salary, do your research to see how your earnings compare to others in your industry to use as a benchmark.

In some cases, you might consider applying for a higher paying job. A recent Pew Research Center survey found that many American workers who left their jobs in 2021 were able to find new jobs with higher pay. By changing careers, you may be able to earn enough money to fund a debt-free life.

If you’re struggling with higher credit card balances due to inflation, you might consider debt consolidation with a personal loan at a lower interest rate. You can learn more about credit card consolidation by contacting a knowledgeable expert from Credible.

DEFAULT STUDENT LOAN BORROWERS WILL RECEIVE ‘FRESH START’ UPON END OF FORGIVENESS

You have a financial question, but you don’t know who to contact? Email the Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.

Rising interest rates mean it’s time to eliminate credit card debt

By
Cynthia J. Dominguez
-
0

Jackie Veling

Job :

Updated:

Credit card debt can be difficult to manage, even at the best of times, but increasingly high interest rates add to that challenge.

On Wednesday, the Federal Reserve announced a 0.75% increase in the federal funds rate – its largest increase in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

Why You Should Prioritize Credit Card Debt

Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed rate products like personal loans may not see as much change in interest rates when the fed funds rate rises, variable rate products like credit cards likely will.

Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

“When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

Tackling Your Credit Card Debt: First Steps

Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you may remember not to use a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that sneak up on you.

“Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

Other Strategies to Fight Credit Card Debt

If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, Davis says, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

At 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may incur a start-up fee and monthly fee for using this service.

The article Rising Interest Rates Means It’s Time to Eliminate Credit Card Debt originally appeared on NerdWallet.

Using credit card points at checkout just got too easy

By
Cynthia J. Dominguez
-
0

Jravel and cash back are the most touted ways to redeem your credit card rewardsbut over the past decade, another redemption option has emerged: the ability to pay with points at select merchants.

It’s quite an attractive feature. You plan to shell out the cash for the purchase anyway, but you can use points to knock a few dollars off the price with minimal effort. At the height of the pandemic, when travel points sat idle, it was a way to get some short-term value out of them.

When shopping on Amazon, for example, you can link your rewards program account to your Amazon account, and in the future you will have the option to redeem points at checkout. PayPal also allows you to redeem points from cards you’ve linked to your PayPal account, once you’ve enrolled those cards in its Payments with Rewards feature.

It’s part of an ongoing effort to create a frictionless checkout experience, which is a fancy way of saying “easier to spend money.” In an August 2021 survey by The Wise Marketer, a newsletter for marketers, 47% of respondents said “consumers’ desire to maximize convenience and reduce friction” was the most important trend. affecting the credit card loyalty market.

But just because paying with points is easy doesn’t mean it’s a good idea. Credit cards already make it easier to spend. “Neural Mechanisms of Credit Card Spending,” a February 2021 MIT study, found that with “new payment methods” (currently credit cards, but other payment methods like digital wallets at future), you are less constrained in your spending compared to when you use cash. Add to that the ability to throw points towards your purchase to reduce the cost, and you’ll get that shopping dopamine hit, but there’s a big reason to avoid doing so.

Paying with points reduces the value of your rewards

When you redeem statement credit for your points from a cash back card or redeem travel card points for a vacation booking, you’re making the most of those rewards. Expect points to be made about 1 to 1.5 cents each, depending on which card you carry.

But if you pay with points at the cashier, you potentially lose, depending on the cards you use. Here’s why:

  • Your points may be worth less: They can be worth as little as half the price when redeemed for purchases. However, there are a few exceptions where points are worth 1 cent each.
  • You’ll eat into your travel rewards budget: If you were hoping to cash in travel rewards to get a deep discount on your next trip, snacking on your rewards for purchases could rob you of the cash you need to book reward travel.

Here’s a look at what a point is worth when redeemed at checkout at two popular merchants:

Credit card reward program

Points value on Amazon (in cents)

Points value on PayPal (in cents)

Amazon Cards

1

N / A

American Express Membership Rewards

0.7

0.7

Capital One Cash Back

1

1

Capital One miles

0.8

0.8

Chase Ultimate Rewards®

0.8

0.8

Citi Thank You Rewards

0.8

0.8

Discover

1

1

Hilton Honors

0.2

N / A

PayPal Cashback Mastercard®

N / A

1

PayPal Supplements Mastercard®

N / A

0.83

Wells Fargo

N / A

1

How to avoid accidentally paying with points

You’ll encounter a lot of on-screen text at checkout, some of it in small print, so you might be paying with points without intending to. If you share your credit card and online shopping accounts with other members of your household, they can use points for their purchases without you knowing (until you try to book reward flights and find out you don’t have enough points to do it, that is).

The ability to save multiple cards to your online accounts is handy, but if you want to avoid accidentally using points, you’ll need to shop a little more carefully. When you add cards to your account, do not link the rewards accounts of these cards so that the option to pay with points does not exist.

If you want your rewards accounts linked but don’t want to use your points too often, pay close attention to the payment method selected at checkout. If there is a checkbox to pay with points, make sure it is unchecked. Even though checkout will take a few moments longer, it’s time well spent making sure you know exactly how you’re paying for a purchase. Discuss this with other family members who use the same cards and accounts so everyone agrees.

Still want to pay with points? Do it thoughtfully

Paying with points results in lower point values ​​in many cases, but that doesn’t mean using points this way is bad. If this is how you prefer to cash in your rewards, you’re reaping the benefits in a way you care about. Here are some more optimal ways to pay with points:

  • Budget points like you budget money: Keep track of your points on a spreadsheet, especially if you have multiple credit cards from different issuers. You can budget for points by mentally setting aside an amount you need for, say, an upcoming vacation. The remaining points would be free to use for other redemptions, such as paying with points.
  • Use these last points: When you close a credit card, you often lose the remaining rewards. Paying with points might be the best way to use up a small amount of points before canceling a card.
  • Use cards that offer a higher value per point: Some cards, like Discover cards and Capital One cash back cards, allow you to redeem points at checkout for a value of 1 cent each.

More from NerdWallet

The article Using credit card points at checkout just got too easy originally appeared on NerdWallet.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Take control of your credit card debt

By
Cynthia J. Dominguez
-
0

Revolving credit, which includes credit cards, jumped 21.4% in March, according to the Federal Reserve. But at the same time that credit card debt is on the rise, rising interest rates have made maintaining a balance more expensive.

After two years of pandemic restrictions, it’s easy to understand the urge to spend more on experiences and make up for lost time. Some of us pay off our credit cards in full every month and never have a balance. However, this is not the case for many millennials. If you’re in credit card debt, consider these strategies to eliminate or reduce what you owe before it’s too late.

Take stock of your debt

If you have balances on multiple credit cards, make a list showing how much you owe on each card, the interest rate, and the minimum monthly payment for each. A spreadsheet offers a convenient way to update your progress, but pen and paper work just as well.

If you have a good credit rating, a balance transfer could help you get out of debt. Many banks offer new customers balance transfer cards with an introductory 0% APR for a limited time, 12 to 21 months, depending on the card. To avoid interest, pay the balance before the introductory rate expires. Note that if you cancel your old card and the balance transfer card has a lower credit limit, it could affect your credit utilization ratio – the amount of your card’s outstanding balances reflected as a percentage of your card’s limits – which could reduce your credit. score, says Gerri Detweiler, author of The Ultimate Credit Handbook.

This strategy only works if you resist the temptation to use the balance transfer card to make new purchases, says Beverly Harzog, credit expert and author of Confessions of a credit addict. You want to use the card to get out of debt, not add more, she says.

If your credit score is not high enough to meet the criteria for a 0% introductory rate on a balance transfer card, you may qualify for a card with a lower introductory APR than your current card, said Harzog. Another option is a debt consolidation loan from a bank or credit union with a lower rate than the rate you pay on your high-interest credit cards.

Winning Strategies

When you have balances on multiple credit cards, there are three approaches you can take to tackle the debt. The first is the “avalanche” approach. Start with your cards that have the highest interest rates and highest balances. Make minimum payments on low-interest cards while devoting the rest of available funds to high-interest cards.

Although the avalanche approach makes the most mathematical sense, some people choose the “snowball” approach, paying off low-balance debt first. Paying off your low-balance cards can give you the motivation you need to pay off all your debt, even if it costs you more in interest.

Finally, there is the “blizzard” approach, in which you start with the snowball and move on to the avalanche. Pay off a low balance card first so you have a hit under your belt, then move on to ones with higher rates.

Paying off your balances will make it difficult to save. But try to set aside enough money in an emergency fund to cover three months of expenses. When you have paid off your debts, you can increase your savings so that you are prepared for unexpected expenses, which will reduce the risk of falling back into debt.

Las Vegans Lean on Credit Card Cycle as Inflation and Interest Rates Rise

By
Cynthia J. Dominguez
-
0

LAS VEGAS (KLAS) – As inflation continues to make things more expensive, many are turning to credit cards to make ends meet, so 8 News Now asked a financial expert for advice for those struggling to reduce their monthly payments.

A study by “Self,” said in August 2021, Nevada had the highest credit card debt in the nation, with each person carrying an average balance of $3,200.

Jill Shlesinger is one such person, caught in what she calls a “vicious cycle”.

“I just kind of feel like I’m in a debt hole,” she explained.

She opened her business, ‘Starburst Parlor Keto Bakery’ late last year, and because she was unable to secure a business loan at the time, Shlesinger was forced to use cards personal credit to get things started.

Now she’s running out of crippling payments every month.
“I just think ‘oh, this credit card is due, it’s a minimum of 420,'” Shlesinger said.

In May, the Federal Reserve Bank of New York said the United States had $841 billion in credit card debt.

Mahesh Odhrani, financial adviser and president of Strategic Wealth Design, said with rampant inflation and the Federal Reserve raising interest rates by 0.75% on Wednesday, things could get much tougher.

“They may not have saved a fund for rainy days,” Odhrani said. “Or have a savings account they can dip into, so where do they go? To credit cards.

However, he said there are options for bouncing back:

  • You can transfer your balance to a zero-rate or low-interest card
  • If you own a home, transfer your credit card balance to a low-interest home equity line of credit.
  • Call your bank or credit card company and try to negotiate a lower rate
  • Contact a credit counselor for financial advice
  • Go through a debt consolidation company, but make sure the plan focuses on reducing the amount owed without missing payments and keeping your credit score intact

“It’s almost like spinning in a wheel,” Shlesinger explained. “That every time I think I’m going to move on, I have another bill coming.”

As for Shlesinger, she told 8 News Now that she does her best to stay afloat by paying the monthly sales, while serving the community she knows and loves.

“Apart from like a dream or winning the lottery,” Shlesinger concluded. “There is no end.”

The market for online casinos and gaming software is booming around the world

By
Cynthia J. Dominguez
-
0

According to research experts from Qurate Research, “Global Online casino and gaming software Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth research studies on many aspects of the global online casino and gaming software industry . It is an admirable effort to offer a true and transparent picture of the current and future conditions of the global online casino and gaming software market, based on credible facts and exceptionally accurate data.

“Global Online Casino and Gaming Software Market Overviews, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028,” according to a report by Qurate Research. Several in-depth research studies on various facets of the global online casino and gaming software market are included in the report. It is a commendable effort to present a true and transparent view of the current and future situation of the global online casino and gaming software market, based on reliable facts and extraordinarily accurate statistics.

The main players profiled in this report are:

IGT
playtech
Micro game
Betconstruct
Softgamings
Betsys
BetRadar
SB Tech
Digitain
GammaStack
Each matrix
SB betting software
Novomatic

Key Segmentation of the Online Casino and Gaming Software Market:

Segmentation of product types

On the site
Cloud-based

Application segmentation

computer
Mobile phones

Scope of Online Casino and Gaming Software Market Report:
The research examines the major players of the global Online Casino and Gaming Software Market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments and other factors. It also sheds light on the vendor landscape, helping gamers to forecast future competitive moves in the global online casino and gaming software industry.

This study estimates the market size in terms of value (million USD) and volume (million units) (K units). Both top-down and bottom-up techniques have been used to estimate and validate the market size of the Online Casino and Gaming Software market, as well as the size of various other dependent submarkets in the overall market. To identify significant players in the market, secondary research was used, and both primary and secondary research were used to determine their market shares. All breakdowns and percentage breakdowns have been calculated using secondary sources and verified sources.

The updated market report is available at the link below:@ https://www.qurateresearch.com/report/buy/ICT/global-online-casino-and-game-software-market/QBI-BIS-ICT-1106711/

The COVID-19 pandemic has had a major influence on the online casino and gaming software industry. In the second quarter, the sector showed signs of recovery around the world, but the long-term recovery remains a concern as COVID-19 cases continue to rise, especially in Asian countries like India. series of setbacks and surprises. As a result of the outbreak, many shifts in buyer behavior and thinking have occurred. As a result, the industry is even more stressed. As a result, market expansion should be limited.

Online Casinos and Gaming Software Market Region Majorly Focusing On:
— European casino and online gaming software market (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, United Kingdom),
– Asia-Pacific and Australia (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia and Japan) online casino and gaming software market,
— The online casino and gaming software market in the Middle East and Africa (Saudi Arabia, South Africa, Egypt, Morocco and Nigeria),
— Latin America and South America online casino and gaming software market (Brazil and Argentina), — ​​North America online casino and gaming software market (Canada, Mexico and United States) United)

A sample free report from Qurate Research includes: FREE PDF SAMPLE
1) Introduction, Overview and In-Depth Industry Analysis for 2021 Updated Report
2) Impact analysis of the COVID-19 outbreak
3) A research report of more than 205 pages
4) Upon request, provide chapter-by-chapter assistance.
5) Updated regional analysis for 2021 with graphical representation of size, share and trends
6) Includes an updated list of tables and figures.
7) The report has been updated to include business strategies, sales volume, and revenue analysis of key market players.
8) Methodology of facts and factors for research

The main questions answered by this report are:
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• What are the main causes of the expansion of the market for online casinos and gaming software?
• What is the market size and growth rate of the online casino and gaming software market?
• Who are the main companies in the online casino and gaming software market?
• What market segments does the online casino and gaming software market cover?

Contents:

Chapter 1 Online Casino and Gaming Software Market Introduction
Chapter 2 Executive
2.1 3600 Online Casino and Gaming Software Market Synopsis, 2018-2028
2.1.1 Industry trends
2.1.2 Material trends
2.1.3 Product trends
2.1.4 Operating trends
2.1.5 Distribution channel trends
2.1.6 Regional trends

Chapter 3 Online Casino and Gaming Software Market Overview
3.1 Industry Segmentation
3.2 Industry Ecosystem Analysis
3.2.1 Component Suppliers
3.2.2 Producers
3.2.3 Profit Margin Analysis
3.2.4 Distribution Channel Analysis
3.2.5 Impact of COVID-19 on the market value chain
3.2.6 Vendor Analysis
3.3 Technology landscape
3.4 Regulatory landscape
3.4.1 North America
3.4.2 Europe
3.4.3 Asia-Pacific
3.4.4 Latin America
3.4.5 Middle East and Africa
3.5 Price Analysis (including impact of COVID-19)
3.5.1 By region
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia-Pacific
3.5.1.4 Latin America
3.5.1.5 Middle East and Africa
3.5.2 Cost structure analysis
3.6 Industry impact forces
3.6.1 Drivers of growth
3.6.2 Industry Disadvantages and Challenges
3.6.2.1 Focus on weight reduction
3.7 Innovation & sustainability
3.8 Growth Potential Analysis, 2020
3.9 Competitive landscape, 2020
3.9.1 Company Market Share
3.9.2 Main players
3.9.3 Strategy Dashboard
3.10 Porter’s analysis
3.11 PILON analysis

Chapter 4 Disclaimer

A question? Inquire here for discount or report customization

Contact us:

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*Thank you for reading this article ; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.




Online Gaming Software Market Size and Forecast to 2028 | Igt, Playtech, Microgaming, Betconstruct, Softgamings – Designer Women

By
Cynthia J. Dominguez
-
0

There “Online Gaming Software Market » the research examines the market estimates and forecasts in great detail. It also facilitates the execution of these results by demonstrating tangible benefits to stakeholders and business leaders. each company must anticipate the use of its product in the longer term. Given this level of uncertainty caused by the COVID-19 situation, this analysis is essential to better understand previous disruptions and increase preparedness for successive stages of decision-making. the most recent study attempts to alter the advanced market for business executives by providing strategic insights and showing resilience under sudden conditions. The information will help all potential readers to distinguish the necessary trading bottlenecks.

The main purpose of the report is to educate business owners and help them make a wise investment in the market. The study highlights regional and sub-regional perspectives with corresponding factual and statistical analysis. The report includes the latest first-hand data, which is obtained from the company’s website, annual reports, industry-recommended journals, and paid resources. Online Gaming Software report will help business owners understand the current market trend and take profitable decisions.

Profiled Market Leaders:

  • Igt
  • playtech
  • Micro game
  • Betconstruct
  • Softgamings
  • Betsys
  • betradar
  • Sbtech
  • Digitain
  • Gamma Stack
  • Each matrix
  • Sb betting software
  • Novomatic

Report Analysis and Segments:

Online gaming software is segmented on the basis of product type, application, and geography. All segments of Online Gaming Software are carefully analyzed with respect to market share, CAGR, value and volume growth, and other important factors. We have also provided Porter and PESTLE’s five forces analysis for further study of online gambling software. The report also outlines recent developments undertaken by major market players, including new product launches, partnerships, mergers, acquisitions, and other latest developments.

Based on Product Type, Online Gaming Software is segmented into –

Based on Application, Online Gambling Software is segmented into –

  • Online bookmakers
  • Game operators

The report provides information about the following pointers:

1️⃣ Market Penetration: Comprehensive information on the product portfolios of major online gaming software players.

2️⃣ Product Development/Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market.

3️⃣ Competitive Assessment: In-depth assessment of market strategies and geographic and business segments of major market players.

4️⃣ Market development: comprehensive information on emerging markets. This report analyzes the market for various segments across geographies.

5️⃣ Market Diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in online gaming software.

Schedule a consultation call with our industry analysts/experts to find a solution for your business @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198209

Various analyzes covered:

The regional assessment of the online gaming software was carried out in six key regions, namely North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Moreover, the report also provides in-depth information about ongoing research and development activities, revenue, innovative services, real demand and supply status, and pricing strategy. In addition to that, this report also provides details of consumption figures, export/import supply and gross margin by region. In short, this report provides a valuable source of advice and clear direction for the trader and the party interested in the market.

➸ North America (US, Canada)
➸ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
➸ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
➸ Latin America (Brazil, Mexico, Others)
➸ The Middle East and Africa

Frequently Asked Questions:

  • What are the main drivers of global online gambling software?
  • What are the main challenges of global online gaming software?
  • Who are the key market players?
  • What has been the effect of the COVID-19 pandemic on global online gaming software?
  • What are the latest market trends?
  • What is the compound annual growth rate of the global online gaming software?

About Us: Market Research Intellect

Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing & Construction, Chemicals & Materials, Food & Beverage, and more. These reports provide an in-depth study of the market with industry analysis, market value of regions and countries, and industry-relevant trends.

Contact us:
Mr. Steven Fernandes
Market research intelligence
New Jersey (USA)
Tel: +1-650-781-4080

Email: [email protected]

Website: –https://www.marketresearchintellect.com/

How much credit card debt is too high? – Forbes Advisor

By
Cynthia J. Dominguez
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0

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

While credit cards are useful for building a good credit history and convenient for making everyday purchases, if not monitored frequently, these convenient financial products can be a slippery slope to unwanted debt. There is no recommended maximum limit for credit card holders. The key to maintaining a good credit score is keeping credit utilization below 30% and paying off balances on time.

How much credit card debt is too high?

The “too much” indebtedness depends on the cardholder and his financial situation. According to a report According to consumer credit reporting agency Experian, the average consumer credit card debt in the third quarter of 2021 was $5,221. For some, that might be too much debt, but for others, it might be their average monthly spend on a credit card.

At first glance, zero debt sounds much better than having no debt at all. Debt, after all, indicates an obligation, and freedom often equates to a lack of obligation. Unfortunately, our system does not work that way.

For credit purposes, it can be beneficial to have at least a small, regular revolving balance so that issuers and lenders can see responsible credit card activity. In other words: To prove your financial responsibility for your loans and debts. Fortunately, due to credit card grace periods, you can run a balance without ever paying interest. Without any credit history or showing balances with responsible payment behavior, it can signal to lenders that you are too risky to lend money.

How can I maintain manageable debt?

The use of credit remains a key factor in the calculation of the credit score. A credit utilization ratio is the amount of credit used relative to the total amount of credit a cardholder has on all credit accounts. It is generally recommended that cardholders keep credit utilization below 30%.

Calculating credit usage is quite simple: add the credit limits of all the credit cards you have to find a total credit limit. Then add up the balances of all your credit cards and compare the two numbers. If your total balance is more than 30% of the total credit limit, you may be in too much debt.

Some experts consider it best to keep credit utilization between 1% and 10%, while anything between 11% and 30% is generally considered good. Card issuers and lenders want to see a cardholder use revolving credit and pay off balances responsibly.

Cardholders who don’t use their card report nothing to the issuer unless they pay an annual fee, but cardholders who overuse their credit limit are considered to pose more risk. Having at least a little debt can actually increase your credit score over time as long as credit activity is considered healthy, meaning payments are made on time, balances are kept low, etc.)

How to pay off credit card debt

When credit card debt seems out of control and high interest rates loom, options exist to help reduce credit usage and manage debt more responsibly.

Pay off credit card balances

If cardholders have sufficient funds, the fastest way to reduce their debt is to pay off all credit card balances as soon as possible. Obviously, this requires cash and is not always possible. Budgeting to pay off balances over time can help, even if interest starts to accrue.

There are other options if a cardholder needs more time to pay off their debt:

Apply for a personal loan

Personal loans are a cheaper option for cardholders who need more time to pay off their debts. Personal loans can offer much lower interest rates than credit cards. According Federal Reserve Data, the average credit card interest rate in February 2022 was 16.17%, while the average personal loan interest rate on a 24-month loan was 9.41%. An interest rate of 9.41% is still not low, but better than paying a double digit rate on a credit card. You can use our loan calculator to estimate various interest rate and repayment scenarios.

Loan applicants without excellent credit can ask a friend or family member with excellent credit to act as a co-signer, which could further reduce the loan applicant’s interest rate. This allows the cardholder to consolidate more credit card debt into one personal loan to be repaid over time.

Taking out mortgages, second mortgages or using a home equity loan against properties you own may also involve even lower interest rates, if possible.

Remember to practice responsible credit card spending after consolidating debt into a personal loan or any other loan of any kind.

Request a balance transfer

Some credit cards offer promotional introductory APRs of 0% on balance transfers for new customers. Cardholders with too much credit card debt can consolidate the debt onto a new card.

Balance transfers have limits. A new cardholder can only transfer up to the new card’s credit limit and balance transfers generally require a one-time fee for each transfer, which will increase the amount owed. If cardholders hope to consolidate multiple debts, each transfer will incur a fee.

Cardholders should keep in mind that interest will begin to accrue at the end of the promotional period if the balance is not repaid. The minimum payment determined by the card issuer is often not enough to repay the transferred balance.

Before requesting a promotional balance transfer offer, calculate how much it would take to pay off the balance before the end of the promotional period. Divide the total balance by the number of months included in the promotion (eg 12 months). The answer is how much the cardholder would have to pay each month if they hoped to fully pay off the balance during the 0% APR introductory period and avoid interest.

Conclusion

There is no magic number for too much credit card debt. Every cardholder should be aware of balances and spending habits to avoid falling into a cycle of debt. If a cardholder’s credit utilization rate is above 30% or if they are earning interest by not paying off balances, the debt may be too high. Anything unmanageable is too much, and if you feel like it’s getting hard to keep up with payments or make progress on paying off your debts, you’ve probably found your limit.

Consider making a budget to help you pay down your balances or applying for a personal loan or balance transfer card to help start a debt repayment plan.

Online Casino Software Market Size and Forecast to 2028 | Igt, Playtech, Microgaming, Betconstruct, Softgamings – Designer Women

By
Cynthia J. Dominguez
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0

There “Online Casino Software Market » the research examines the market estimates and forecasts in great detail. It also facilitates the execution of these results by demonstrating tangible benefits to stakeholders and business leaders. each company must anticipate the use of its product in the longer term. Given this level of uncertainty caused by the COVID-19 situation, this analysis is essential to better understand previous disruptions and increase preparedness for successive stages of decision-making. the most recent study attempts to alter the advanced market for business executives by providing strategic insights and showing resilience under sudden conditions. The information will help all potential readers to distinguish the necessary trading bottlenecks.

The main purpose of the report is to educate business owners and help them make a wise investment in the market. The study highlights regional and sub-regional perspectives with corresponding factual and statistical analysis. The report includes the latest first-hand data, which is obtained from the company’s website, annual reports, industry-recommended journals, and paid resources. The Online Casino Software report will help business owners understand the current market trend and take profitable decisions.

Profiled Market Leaders:

  • Igt
  • playtech
  • Micro game
  • Betconstruct
  • Softgamings
  • Betsys
  • betradar
  • Sbtech
  • Digitain
  • Gamma stack
  • Each matrix
  • Sb betting software
  • Novomatic

Report Analysis and Segments:

Online casino software is segmented by product type, application, and geography. All segments of Online Casino Software are carefully analyzed with respect to market share, CAGR, value and volume growth, and other important factors. We have also provided Porter’s Five Forces and PESTLE reviews for further study of the online casino software. The report also outlines recent developments undertaken by key market players, including new product launches, partnerships, mergers, acquisitions, and other latest developments.

Based on Product Type, Online Casino Software is segmented into –

Based on Application, Online Casino Software is segmented into –

The report provides information about the following pointers:

1️⃣ Market Penetration: Complete information on the product portfolios of top online casino software players.

2️⃣ Product Development/Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market.

3️⃣ Competitive Assessment: In-depth assessment of market strategies and geographic and business segments of major market players.

4️⃣ Market development: comprehensive information on emerging markets. This report analyzes the market for various segments across geographies.

5️⃣ Market Diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in online casino software.

Schedule a consultation call with our industry analysts/experts to find a solution for your business @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198205

Various analyzes covered:

The regional assessment of the online casino software was carried out in six key regions, namely North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Moreover, the report also provides in-depth information about ongoing research and development activities, revenue, innovative services, real demand and supply status, and pricing strategy. In addition to that, this report also provides details of consumption figures, export/import supply and gross margin by region. In short, this report provides a valuable source of advice and clear direction for the trader and the party interested in the market.

➸ North America (US, Canada)
➸ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
➸ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
➸ Latin America (Brazil, Mexico, Others)
➸ The Middle East and Africa

Frequently Asked Questions:

  • What are the main drivers of global online casino software?
  • What are the main challenges of the global online casino software?
  • Who are the key market players?
  • What has been the effect of the COVID-19 pandemic on global online casino software?
  • What are the latest market trends?
  • What is the compound annual growth rate of the global online casino software?

About Us: Market Research Intellect

Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing & Construction, Chemicals & Materials, Food & Beverage, and more. These reports provide an in-depth study of the market with industry analysis, market value of regions and countries, and industry-relevant trends.

Contact us:
Mr. Steven Fernandes
Market research intelligence
New Jersey (USA)
Tel: +1-650-781-4080

Email: [email protected]

Website: –https://www.marketresearchintellect.com/

Consolidating Credit Card Debt Can Dramatically Boost Credit Scores, Study Finds

By
Cynthia J. Dominguez
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0

(c) Vasela – Getty Images

A new study suggests that consolidating credit card debt can be a smart move that can pay off in several ways. In addition to the belief that paying bills on time can improve credit scores, LendingTree’s latest analysis yes and no of credit card consolidation found that those who consolidated at least $5,000 in credit card debt found their credit score increased by an average of 38 points in as little as one month.

In fact, the study concludes that the more a person pays off credit card debt with a personal loan, the more their credit score increases. Let’s say you pay off $10,000 or more in credit card debt. In this case, credit ratings increase by an average of 49 points. The reverse is also true. The study found that by taking out a loan to pay off between $1,000 and $5,000 in credit card debt, borrowers earned an additional 17 points, on average, during a single billing cycle.

While taking out a personal loan to pay off credit card debt might seem like a bit of stealing from Peter to pay Paul, Matt Schulz, chief credit analyst at LendingTree, says it’s definitely worth it.

“A higher credit score is a big deal because there are few things in life that are more expensive than lousy credit,” Schulz said. “It can cost you thousands of dollars in the form of higher loan interest rates, higher insurance premiums and more. It may even prevent you from getting that new apartment you’re hoping to rent.

But Schulz warned that while consolidating credit card debt will likely cause someone’s credit score to rise, there are more benefits to eliminating the debt altogether.

“Eliminating that debt can’t be anything less than life changing,” Schulz said. “It can free you up to build an emergency fund, save more for retirement, work to buy a house, or pay for your kids’ college education. It’s a big, big problem.

Where to Get Consolidation Loans and What to Consider

Schulz said for consumers with the highest incomes and best credit scores, getting a personal loan from a bank is the best bet. “These are probably people who have significant experience with lenders and at least a few other pieces of that credit report. These people have a lot of other data points on their credit report that influence their credit score, so a change, even a big one like paying off all that debt, may not have as much of an impact for them as it does for someone else. one more recent. credit,” he said.

ConsumerAffairs investment advisor Barbara Friedberg agreed. She said the easiest way to get a debt consolidation loan is through a bank or other debt consolidation lending institution.

Friedberg said if consumers can’t — or won’t — go the banking route, there are three other ways to get out of credit card debt.

0% Balance Transfer Card: Balance transfer credit cards allow consumers to consolidate debt by transferring debt from multiple credit cards to a single balance transfer card. Friedberg notes that some of these cards include 0% interest offers as well as sign-up bonuses and cash back.

Home Equity Loan: “Homeowners can withdraw an amount of money based on the equity in their home, determined by the amount of money paid on the mortgage compared to the value of the home,” Friedberg said, adding that a loan on home equity can be contracted. to make home improvements, pay large bills or settle other debts.

401(k) loan: A unique approach offered by Friedberg is for people who have set up a 401(k) through their employer. For these people, they can borrow from this account. “Because a 401(k) is a personal retirement savings account, it’s essentially a loan from yourself. Because you are withdrawing money from an account and not borrowing new funds, a 401(k) loan will have no impact on your credit score. 401(k) loans generally require full repayment within five years,” she said.

This 401(k) loan idea comes with a caveat, however. Friedberg said that most likely there will be a little interest added to a person’s repayment plan, and it may also hurt their overall retirement savings plan. For those whose jobs may be precarious, Friedberg raised his warning a bit higher. “If you lose your job, you will have to pay off the 401(k) loan when your federal income taxes are due for the year,” she said.

How online bingo is regulated in the UK

By
Cynthia J. Dominguez
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0

In the UK, online bingo is a popular pastime. Millions of people enjoy playing this game every year, and the industry is growing rapidly. However, certain regulations are in place to ensure player protection.

In this blog post, we will discuss online bingo regulations in the UK and what players can expect from this type of gaming experience.

Let’s start with a look at the overall history of online bingo in the UK.

Photo by Alejandro Garay on Unsplash

UK Online Bingo: The History

Bingo has been a popular game in the UK for many years. It was first introduced to the country in the 1500s, and it has been played in various forms ever since. The modern bingo game we know today began to take shape in the early 20th century in the United States, where it was known as “beano”. The game made its way to the UK in the 1920s, and it quickly became popular.

Bingo halls started popping up all over the country and the game was soon played by millions of people. Bingo’s popularity continued to grow in the UK, and it eventually made its way online.

The first online bingo games appeared in the late 1990s and their popularity has grown steadily ever since. Online bingo is now a hugely popular pastime for millions of people around the world, with some of the most successful UK licensed bingo sites.

So, that’s a brief history of online bingo in the UK. Now let’s see how this type of gambling is regulated.

The growth of online games

The internet has changed everything when it comes to gaming. Suddenly, gamers had access to a whole world of gaming opportunities at their fingertips. One of the most popular genres was online bingo.

The first online bingo sites started popping up in the late 1990s, and the industry has been growing ever since. In 2009 there were over 200 online bingo sites operating in the UK. This number has increased dramatically in recent years as more and more people discover the joys of playing bingo online.

Other popular areas of online gambling include casino games, sports betting and poker.

How is online bingo regulated?

Now that we’ve seen how online bingo came to be, let’s take a look at how it’s regulated. The Gambling Commission is responsible for regulating all forms of gambling in the UK, including online bingo.

All operators wishing to offer online bingo services to UK players must obtain a license from the Gambling Commission. This ensures that they meet all the necessary requirements and provide a fair and safe gaming experience for their players.

To obtain a license, operators must meet a number of criteria. For example, they must have appropriate systems and controls in place to prevent crime and protect vulnerable people. They must also ensure that players have access to responsible gambling information.

Operators wishing to offer online bingo services to UK players must also adhere to a number of rules and regulations. These include ensuring players are over 18, preventing underage players from playing and protecting player funds.

Players can rest assured that when playing bingo online with a licensed operator, they are protected by these regulations. They can be sure that they are playing on a fair and safe gambling site.

The future of online bingo

Online bingo is a popular pastime for millions of people in the UK. It is regulated by the Gaming Commission to ensure player protection. The industry is growing rapidly and showing no signs of slowing down as the entire online gaming sector is booming.

We expect to see more innovation in the online bingo space in the years to come, with new features and offers introduced to keep players entertained. The industry is constantly changing, and we can’t wait to see what the future holds for online bingo!

Summary

In this blog post, we explained how online bingo is regulated in the UK. We looked at the history of the game and how it gained popularity over the years. We also discussed the Gambling Commission and its role in regulating online bingo.

We hope this blog post has been informative and that you have a better understanding of how online bingo is regulated in the UK. If you are considering playing bingo online, be sure to choose a licensed operator to ensure you are protected by these regulations. Thanks for reading!

How to Play Bingo Online: A Beginner’s Guide

By
Cynthia J. Dominguez
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0

Are you interested in playing bingo but don’t know where to start? This article will walk you through the getting started process step by step. In the early years, players wishing to play bingo had to go to a bingo hall.

However, a large percentage of players choose online platforms to participate in the game. You do not need to go to a physical bingo hall to play the game or learn how to play any casino game when you can visit kaszinokonline.com.

You can play it from the comfort of your home thanks to bingo sites. Whether you are playing the game for the first time or already have a basic understanding of the game, this article offers you important tips for playing the game. Let’s get started!

Step by Step Guide to Play Bingo Online

Step 1: Create an account on a bingo site

The first thing to do is choose a casino site of your choice that offers bingo and create an account. You can explore different features of the site according to your needs, including the amount you can deposit, bankroll limit, account protection, etc. At this point, you also need to deposit money into your game account to play with real money.

Step 2: Choose an alias

You are not required to use your real name when playing online games. So you can choose a funny name as an alias.

Step 3: Select cards

Card selection is one of the most critical strategic decisions you have to make when playing bingo online. You have to choose auto dab, auto buy and advanced buy. Auto dab refers to a feature that automatically marks bullets as they are fired.

Auto-purchase refers to the automatic purchase of cards for a favorite set or games based on your preferences. Advance purchase means purchasing tickets for upcoming matches that you may not be able to purchase online.

Step 4: Start the game

The rules of online bingo are simple. You have to select the game you want to play and you get a corresponding virtual card. The cards come in the form of grids with a series of numbers marked in rows and reels. At the start of the game, the caller starts drawing numbers.

The caller is randomly selected by the online program. Players must keep up the pace and mark their card numbers as the caller calls. Players can also use the automatic dubbing feature to avoid missing a call.

Depending on the game variant you are playing, you can mark a single line, several lines or all the numbers, which is called a full house. Reaching a full house allows you to win the prize because it is the end of the game.

Conclusion

It is easy to play bingo online and you can easily win the game too. To increase your cashout, you can opt for online bingo jackpots, which offer you a higher cashout. The jackpot options available for online bingo include fixed jackpots, community jackpots and progressive jackpots.

Image by mohamed Hassan from Pixabay

Online Bingo Games Market Size and Revenue Analysis

By
Cynthia J. Dominguez
-
0

Global online bingo games market (Before-After Covid-19) Analysis of size and forecast until 2030: The global Online Bingo Games research report on Online Bingo Games Market is the product of a brief review and in-depth analysis of realistic data collected from the Global Online bingo games market 2022. The data was collected based on online bingo games manufacturing drifts and service and goods related demands.

Download Free Sample Online Bingo Games Report PDF @ jcmarketresearch.com/report-details/1415432/sample

Owing to increase in partnership activities of key players in the online bingo games industry over the projected period, North America accounted for the $xxx million share of the bingo games market online in 2022

Top Online Bingo Games Top Players Included in This Research: NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech

Main types and Applications present in the online bingo games market as follows:

By Type Poker Casino Sports Betting Other By Application Entertainment Commercial Other

A flawless example of the latest developments and game-changing strategic changes enables our clients to enhance their decision-making skills. Ultimately, it helps to work with perfect business solutions and execute innovative implementations. The Global Online Bingo Games Market 2022-2030 The report highlights the latest trends, growth, new opportunities and latent tricks.

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In addition to statistics for online bingo games, most of the data obtained is presented in graphical form. The Global Online Bingo Games Market study shows in detail how the major market players, manufacturers, and distributors operate. The study also describes the restrictions and factors influencing the global demand for Global online bingo games market.

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Frequently Asked Questions:

  • How fast is the online bingo games market expected to grow?

Year-over-year growth for 2022 is estimated at XX% and incremental market growth is expected to be $xxx million.

  • Who are the top players in the Online Bingo Games market?

NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech

  • What are the main market drivers and challenges?

The demand for ASW capacity building is one of the major factors driving the online bingo games market.

  • What is the size of the online bingo games market in North America?

The North America region will contribute XX% of the online bingo games market share

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This helps to understand the overall market and to recognize the growth opportunities in the global Online Bingo Games Market. The report also includes a detailed profile and information of all the major Online Bingo Games Market players currently active in the global Online Bingo Games Market. Companies covered in the report can be assessed on the basis of their latest developments, financial and business overview, product portfolio, key trends in the online bingo games marketlong-term and short-term business strategies by companies to stay competitive in the online bingo games market.

Regions & Countries Mentioned In The Online Bingo Games Market Report:

• Online bingo games industry North America: United States, Canada and Mexico.
• Online bingo games industry South and Central America: Argentina, Chile and Brazil.
• Online bingo games industry Middle East and Africa: Saudi Arabia, United Arab Emirates, Turkey, Egypt and South Africa.
• Online bingo games industry Europe: UK, France, Italy, Germany, Spain and Russia.
• Online bingo games industry Asia Pacific: India, China, Japan, South Korea, Indonesia, Singapore and Australia.

The Online Bingo Games report analyzes various critical restraints, such as item price, production capacity, profit and loss statistics, and transportation and delivery channels that influence the global market. It also includes the examination of significant elements such as Online Bingo Games market demands, product trends and developments, various organizations, and effect processes in the global market.

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A methodically organized online bingo games market analysis study is based on the primary and secondary tools. It illustrates the collected data in a more communicative and descriptive way encouraging the consumer to develop a well-structured strategy to grow and improve their businesses on schedule.

Find more research reports on the online bingo games industry. By JC Market Research.

About the Author:

JCMR’s global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities, but also to empower and inspire you to create visionary growth strategies for the future, through our extraordinary depth and breadth of thought leadership, research, tools, events and experience. that help you turn your goals into reality. Our understanding of the interplay between industry convergence, megatrends, technologies and market trends provides our clients with new business models and opportunities for expansion. We are focused on identifying the “Accurate Forecast” in each industry we cover so that our clients can reap the benefits of being early market entrants and can achieve their “Goals and Objectives”.

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Credit card balances rise after stimulus checks help reduce debt

By
Cynthia J. Dominguez
-
0

For many Americans, the pandemic-induced downturn has presented a rare opportunity to improve their financial situation.

Government stimulus checks and shrinking spending opportunities have driven the personal savings rate to a level not seen since World War II, with many consumers using the cash they had to pay off their debts – mainly their balances credit cards, which have the highest interest rates. , with an average of more than 16%.

In total, consumers have paid off a record $83 billion in debt on their credit cards during the pandemic, but the recent spike in the prices of gas, groceries and housing, among other necessities, forces most of them to rely on their credit cards again.

That of the Federal Reserve monthly credit report found that revolving credit, which primarily includes credit card balances, jumped nearly 20% in April from the previous month to $1.103 trillion, breaking the pre-pandemic record of $1.1 trillion. dollars.

Meanwhile, credit card balances are also growing year-over-year, reaching $841 billion in the first three months of 2022, and are expected to continue to rise, according to a separate Federal Reserve Bank report. from New York.

Rising credit card borrowing, along with car loans, student debt and mortgages, has now pushed total household debt to a record $15.84 trillion.

“A big drop and then a big rise”

“We got our new all-time high – it only took 11 months for revolving debt to bottom out and then 15 months from there to climb back to a new high,” said Ted Rossman, senior analyst. of the industry at CreditCards.com.

“After the financial crisis, it took almost 10 years from peak to peak,” Rossman said. “It’s definitely been a V-shaped curve – a big drop and then a big rise.”

“But it’s not all bad news,” he added. “Part of that reflects rising consumer spending, which is good for the economy.”

Yet credit cards are already one of the most expensive ways to borrow money.

Learn more about personal finance:
Some medical debt will soon disappear from credit reports
Emergency savings hit as households adjust finances
What Financial Advisors Would Tell Their Young People Themselves

As the Federal Reserve raises interest rates to rein in inflation, which is at its fastest pace in more than 40 years, maintaining a balance will soon cost even more.

Since most credit cards have a variable rate, there is a direct link to the Fed’s benchmark index. As the federal funds rate rises, the prime rate also rises, and credit card rates follow. Cardholders typically see the impact within a billing cycle or two.

Annual percentage rates currently average 16.61%, but could be closer to 19% by the end of the year – which would be an all-time high, according to Rossman.

To date, the record is 17.87%set in April 2019.

If the APR on your credit card increases by two percentage points from its current level, it will cost you an additional $832 in interest charges over the term of the loan, assuming you have made minimum payments on a average balance of $5,525, he calculated.

Also, it would take more than 16 years to pay.

“The biggest problem isn’t the monthly payments, it’s the cumulative effect of paying a high rate over a long period of time,” Rossman said.

If you have a balance, try consolidating and paying off high interest credit cards with a lower interest rate home equity loan or a personal loan or switch to an interest-free balance transfer credit card, he advised.

Subscribe to CNBC on YouTube.

Did you graduate with credit card debt? 3 tips to deal with it

By
Cynthia J. Dominguez
-
0

Image source: Getty Images

Don’t worry, your debt doesn’t have to last forever.

Key points

  • Many people graduate with a pile of debt on their credit cards.
  • The right approach could make it easier to pay off that debt and move forward with a clean slate.

If you found yourself perpetually strapped for money in college, you were probably in good company. Many students end up racking up debt on their credit cards, largely because they can’t work full-time (or in some cases, even part-time) while in school.

But if you’ve since graduated from college with a pile of debt, you might want to get rid of it quickly. Here’s how to tackle that debt so it doesn’t weigh you down for years.

1. Determine which debts are costing you the most

Do you owe money on several different credit cards? Chances are that each card will come with a different interest rate. One of the first steps to getting rid of debt is to figure out which cards are charging you the most interest, because those are the debts you’ll want to pay off first.

You might assume that you should tackle small debts first, as they are easier to eliminate. But if you owe $500 on a 12% interest credit card and $1,000 on a 16% interest card, it’s best to tackle the larger balance first.

Granted, attacking the lower balance could be good for your morale. But it’s important to see the big picture and minimize your interest charges, as this will make it easier to eliminate your debt for good.

2. Check if you are eligible for a balance transfer

A balance transfer could be a good way to consolidate your existing debt and make it easier to pay off. This particularly applies if you are able to secure a 0% introductory rate offer.

But be careful – balance transfers can trip you up if your balances transfer fees are high. And also, for a good offer, you will need decent credit. If you don’t have it, you may not be able to qualify for a valid offer or you may not be able to complete a balance transfer at all.

3. Consider a personal loan

A balance transfer can help you consolidate your debt so that you make one monthly payment instead of keeping tabs on four or five different accounts. A personal loan could have a similar effect, and while you usually won’t be able to get a personal loan with a 0% start rate, these loans generally charge less interest than credit cards in general.

Of course, as is the case with a balance transfer, a not-so-good credit score could stumble you on the path to qualifying for a personal loan. That doesn’t mean you can’t get one, but you might end up with a higher borrowing rate than you’d like. But if you happen to have pretty good credit, a personal loan is definitely worth looking into.

Graduating from college with credit card debt can be a tough thing to deal with mentally and financially. But as you establish a career and start earning a steady income, you’ll be in a better position to tackle that debt. And if you take the right approach to eliminating it, you could be debt free before you know it.

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Global Online Lottery Market To Hit $14.5 Billion By 2026 – European Gaming Industry News

By
Cynthia J. Dominguez
-
0
Reading time: 2 minutes

Emerging market leader expands top-tier portfolio with more top-tier slots from an emerging Asian force in multiplayer video content

QTech Games, the number one gaming distributor in all emerging markets, has announced its latest premium partnership with Asian video content and slots provider, CQ9 Gaming.

Under the terms of the new agreement, CQ9 Gaming’s GLI-certified portfolio – comprising premium slots, arcade games and tabletop casino games – has been integrated for QTech Games customers and their players, providing another benefit to a powerful platform recognized for bringing the best online games to market in developing territories.

Popular CQ9 titles include Chance, [1945[1945, Chronos, Zeus, lucky peach, and many more that harness the appeal of multiplayer fish games, arcade games, not to mention multiplayer online board and card games. This ever-evolving production line will help QTech Games strengthen its full suite of gaming verticals, at the heart of QTech ONE™, its definitive one-stop-shop for global operators.

The deal organically expands CQ9 Gaming’s global footprint, accessing a new field of growing markets for accelerated expansion. As the fastest growing distributor in recent years, QTech’s platform is localized for each region with native mobile apps, robust reporting and marketing tools, and 24/7 local language support. and 7 days a week.

Ulf Norder, CCO at QTech Games, said: “We are thrilled to partner with CQ9 Gaming, whose stunning graphics and gameplay chart are at the top of the market. The QTech Games platform is equipped with the best games from the world’s leading providers – and CQ9 now joins this branching tree.

“CQ9 Gaming may only be a young company, but they have already managed to build a strong fan base in Asia and continue to conquer previously untapped markets in Europe and Latin America. Their titles are working on an agile HTML5 game engine, which means you can access it via desktop or mobile devices, although the casino does not currently offer a dedicated mobile app.

“Wherever you set up your scene in this ever-changing landscape, our platform upholds a mobile-first mantra, packed with all the best localized games that cater to diverse cultural tastes. As an instructive example, if you don’t offer the game of fish in China, there is no chance of success. And it’s a similar story with the Andar Bahar in India. CQ9 understands the demand for regional specificity throughout Asia and beyond, making it a logical, long-term ally to team up with.

A CQ9 spokesperson added: “This agreement significantly expands CQ9 Gaming’s international influence, opening up the ‘marginal’ markets of Eastern Europe and Latin America for diversified growth.

“CQ9 is one of the leading video slot providers in the Asian market with over 100 titles to their credit. We are constantly working to expand this reach and establish ourselves in Europe and CIS facing territories, and QTech’s broad reach in accessing emerging markets means we can do this deftly while building our existing Asian-focused audience.

“Our goal has always been to design intuitive and interactive live dealer experiences that are personalized for every generation of mobile end users. As QTech Games is an instrumental distributor across Asia and other untapped regions, we look forward to seeing how our games connect with different and diverse player profiles.

“In an age where localization techniques are being refined, QTech Games truly delivers on its brand promise of customizing high-class content for diverse cultures. That’s what keeps them at the forefront of relevance for all kinds of players in the bubbling melting pot of emerging markets.

How to Pay Off Credit Card Debt: 6 Winning Strategies

By
Cynthia J. Dominguez
-
0

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own.

If you’re wondering how to pay off your credit card debt, these 6 proven strategies can help you pay down your balances and free yourself from debt. (Stock)

Paying off credit card debt may seem impossible, but it can be done. With a well thought out plan and strategy in place, you can make steady progress towards paying off your balances until you are finally debt free.

Here’s a look at six proven strategies to help you pay off your credit card debt, plus some tips for avoiding credit card debt in the future.

A debt consolidation loan can be a great way to pay off and eliminate credit card balances. Visit Credible for view your prequalified personal loan rates from various lenders in minutes.

1. Pay off the debt with the highest interest rate first

Ideal for those who want to save on interest charges

Known as the avalanche of debt method, this strategy consists of making the minimum monthly payments on all your credit cards, except the one with the highest interest rate. Focus on making the largest possible payment on your highest interest card to pay down your balance quickly. Then, once that card has paid off, you will move on to the card with the next highest rate. You will continue this process until all of your credit card balances have been paid in full.

Advantages

The biggest advantage of the debt avalanche method is that it will save you money on total interest charges. By tackling your highest interest debt first, you’ll ensure that less interest accrues on your outstanding balances over time. Also, since the total amount you’ll owe will be smaller, you should be able to pay off your credit cards sooner, assuming you’re able to continue making payments consistently.

Disadvantages

Unfortunately, it may take longer to see substantial progress with this method, especially if your highest interest credit card balance is quite large. If you’re someone who tends to get discouraged when you don’t see results right away, you may be better suited for the next debt repayment strategy.

SURVEY: 40% OF GENERALS SAID CREDIT CARD DEBT IS THEIR BIGGEST FINANCIAL CONSTRAINT

2. Pay off the smallest balance first

Ideal for those who like to see quick results

With the snowball method, you’ll make the minimum monthly payment on all of your credit cards except the one with the lowest balance. On this card, you will want to make the highest payout possible. Then, once you’ve paid off that card, switch to your card with the lowest balance until you’re completely debt free.

Advantages

The biggest advantage of the debt snowball method is that it gives you fast results. It is meant to entice you to continue your debt repayment journey by offering you a series of small payoffs at the start. Even if you only pay off a small balance, your confidence will likely increase as you progress.

Disadvantages

The downside to the debt snowball method is that you’ll likely pay more interest over time. These additional charges will increase the total amount of money you will pay to your creditors. They can also lengthen the process of paying off your debts.

3. Take out a debt consolidation loan

Ideal for those juggling multiple debt payments

A debt consolidation loan is a Personal loan that you use to pay off high-interest debt, especially credit cards. To take out a debt consolidation loan, you will apply for a new loan from a lender. Then, if you’re approved, you’ll use the loan funds to pay off your existing credit card balances. Some personal lenders will pay your creditors directly for you.

Credible, it’s easy to compare personal loan rates from various lenders, all in one place — and it won’t affect your credit score.

Advantages

The main advantage of a debt consolidation loan is that it lets you streamline multiple payments into one. If you’re struggling to meet your minimum payments and due dates, this may be a good option for you. Plus, since personal loans often have lower interest rates than credit cards, chances are you’ll save money on interest charges over time.

Disadvantages

It is important to note that debt consolidation loans often come with additional fees. Depending on the terms of your loan, the lender may charge an origination fee, which is an initial fee that covers the administrative costs of underwriting the new loan. Assembly costs typically range from 1% to 8% of the total loan amount, and the fee will be deducted from your loan funds when disbursed. In other cases, you may have to pay a prepayment penalty if you decide to prepay your loan.

CREDIT CARD CONSOLIDATION CAN SAVE YOU THOUSANDS AS PERSONAL LOAN RATES ARE AT RECORD LOWS

4. Use a credit card with balance transfer

Ideal for those with high credit scores

Balance transfer credit cards allow you to transfer your balances from an existing high-interest credit card to a new card with a lower interest rate. Balance transfer cards often come with an introductory APR of 0% for a certain period, and some cards may even waive the balance transfer fee during the promotional period. To use this debt repayment method, you must first apply for a new credit card and get approved.

Advantages

The biggest advantage of a balance transfer credit card is the introductory promotional rate. For a limited time, you’ll have the option to pay off your new balance without accumulating interest. This can help you make further progress in paying off your balance.

Disadvantages

Balance transfer credit cards are generally only available to borrowers who have higher credit scores. If you have a lower score, you may need to consider other options. Plus, there’s the promotional schedule to consider. Once the Interest Rate Introductory Period is over, your rate will adjust to the card’s regular rate, which may be higher than the rates you were paying on your original credit cards. Balance transfer cards often come with a balance transfer fee, usually 3% to 5% of each amount you transfer.

HOW DO BALANCE TRANSFERS AFFECT YOUR CREDIT SCORE?

5. Seek help through debt relief

Ideal for those whose debt has become unmanageable

Seeking debt relief involves hiring a third party to negotiate with your creditors on your behalf. Debt relief usually comes in one of three forms: a debt management plan, debt settlement, or bankruptcy. With these methods, the third party can help you negotiate the refund, which may be less than the total amount you owe in some cases.

Advantages

When it comes to debt relief, the main advantage is that there will be less legwork for you. Negotiating with creditors often requires making several phone calls and sometimes even sending letters. When you hire a third party, much of that work is handled for you.

Disadvantages

This method also has multiple drawbacks. For starters, debt settlement companies often charge high fees to negotiate your debt for you. The company may also ask you to stop making payments on your credit cards, which can have negative effects. affect your credit score when missed payments show up on your credit report. Finally, some debt settlement companies are disreputable. If you’re considering going this route, be sure to do plenty of research. To make sure you are dealing with a legitimate company, contact your state attorney general.

Using a personal loan to consolidate debt can often be a better option than settling your debt for less than you owe. If you’re opting for a personal loan to pay off your high-interest credit card debt, visit Credible for view your prequalified personal loan rates in minutes.

6. Borrow money from family or friends

Ideal for those who do not qualify for other debt repayment options

If you can’t make any of the other debt repayment options work, you might want to consider borrowing money from family and friends. If you choose this option, it’s a good idea to carefully consider who you’ll be asking to lend you funds, draft a repayment agreement, and prioritize the necessary payments.

Advantages

Access to flexible repayment terms is undoubtedly the biggest advantage of borrowing money from relatives. People around you will often be willing to give you a lower interest rate than normal, if they charge you interest. They can also be flexible about your repayment schedule.

Disadvantages

Too often, money has the potential to ruin relationships. If you don’t pay back what you owe, it will most likely put a strain on your relationship.

How to Avoid Future Credit Card Debt

Now that you have a better idea of ​​how to repay credit card debt, the next step is to learn how to avoid taking on more debt in the future. Here are some strategies to help you stay debt-free:

  • Spend what you can afford. Although credit cards allow you to fund purchases and pay them back later, it’s best to treat your credit cards like cash. If you only spend the amount you have in your bank account, you’ll be able to pay off your balances in full and avoid accruing interest or charging new debt.
  • Pay as much as you can. Even if you can’t pay off all of your balances each month, you should make the highest possible payment. When you only make the minimum payment, it results in the accumulation of a significant amount of interest charges, which can cost you more money over time.
  • Pay on time. When you make a late payment, interest charges start accumulating. You may also have to pay late fees. In addition to costing you money, late payments can also negatively affect your credit score.

5 Ways to Bypass High Credit Card Interest Rates – WSOC TV

By
Cynthia J. Dominguez
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0

CHARLOTTE — Credit card interest rates have started to rise.

The Bankrate Group predicts that the average credit card interest rate could reach 19% by the end of the year, which would be a record.

Obviously, it’s good if you can pay off your credit card in full each month, because that means there’s no interest. But if you can’t, Action 9’s Jason Stoogenke says there are things you can do to combat high interest rates.

[ ALSO READ: North Carolina homeowner’s insurance rates set to rise ]

First, remember that you can make more than one payment per month. Every little gesture counts. You don’t have to wait for the end of the billing cycle.

Second, the NerdWallet group says that if you have a big purchase coming up, you might want to open a new credit card, offering 0% interest. But be sure to use it wisely. You don’t want this to become another source of debt.

“It’s basically getting an interest-free loan. Just keep in mind that once the promotional period is over, the interest rate will go up,” said Sara Rathner of NerdWallet.

Third, consider a personal loan. You can consolidate your debt, pay it off at a lower rate, and have a fixed payment each month.

Fourth, don’t be afraid to negotiate.

[ ALSO READ: Workers overpaid during cyberattack told they have to pay employers back ]

“The answer could be yes, in which case this call was 100% worth your time,” Rathner said.

Fifth, consider consolidating your debt with what’s called a balance transfer credit card.

“These are potential options that can give you a year or more at 0% interest. It can save you hundreds of dollars if you have a balance of several thousand dollars,” Rathner said.

But a few words of caution about the last one. NerdWallet says:

  • Usually you need good credit to qualify for these cards.
  • Most of these cards charge a transfer fee (usually 3-5%). But there are free ones.
  • The interest rate will increase after the end of the promotional period.

(WATCH BELOW: New scam warning for people in debt)

New scam warning for people in debt

©2022 Cox Media Group

Interested in a Crypto credit card? Here’s what you’ll miss

By
Cynthia J. Dominguez
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0
We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money.

Instead of cash back, points, or miles, some newer credit cards offer cryptocurrency rewards on your spending.

Crypto credit cards are rapidly becoming available to US consumers – and their easy access to crypto may appeal to both existing crypto enthusiasts and curious crypto investors looking to enter the market.

But even though these cards are becoming more common, they leave a lot to be desired when it comes to reward value. Many only offer lukewarm rewards rates, and with the volatility of cryptocurrency, there is a large potential opportunity cost in forgoing the guaranteed points or cashback redemptions that come with older rewards cards. regular.

In fact, many experts we spoke to believe that crypto cards still have a long way to go before their value can match many cards in the market today. Before you decide to open a crypto credit card, make sure you understand how crypto credit cards work and the risks you may be exposing your wallet to.

Crypto credit cards vs credit cards with rewards

Crypto credit cards can be an attractive option for those who have already invested in crypto or are looking to get started without too many upfront costs – but they lack many of the benefits that make many rewards cards so valuable.

Rewards credit cards often have many advantages over their crypto counterparts, including:

  • Welcome offers: Rewards credit cards often come with lucrative sign-up bonuses worth hundreds of dollars. Some offers may even be worth more than $1,000. Few crypto credit cards offer meaningful welcome offers.
  • 0% APR Introductory Offers: Traditional credit cards can also be great tools for debt consolidation and financing big purchases, thanks to 0% APR offers on purchases and balance transfers. Crypto cards charge the same high ongoing interest rates as other credit cards, with no introductory period for reduced interest.
  • Premium Benefits: Credit card perks like annual credits and status upgrades, airport lounge access, and travel and purchase protections can offer great value to frequent fliers. You might find some added benefits with crypto cards, but they won’t be as comprehensive as some of the better rewards cards.
  • Guaranteed value: With a regular credit card, you’ll get guaranteed returns in the form of cash back, points or miles. Crypto rewards are volatile at best, and your 2% return on spend could end up being worth much less by the time you cash out, depending on how the market fluctuates.

Benefits of Crypto Credit Cards

Crypto credit cards offer cryptocurrency rewards instead of traditional cash back, points, or miles.

For example, the Upgrade Bitcoin Rewards card earns a fixed return of 1.5% in bitcoin. The Signature BlockFi Rewards Visa® Card offers the same 1.5% return on every purchase, but lets you redeem your rewards for multiple types of crypto.

Other crypto credit cards have tiered reward structures. The Gemini credit card, for example, earns 3% on meals, 2% on groceries, and 1% on everything else, with the ability to redeem rewards for any cryptocurrency available on Gemini.

According to Ted Rossman, Senior Industry Analyst at CreditCards.com, crypto credit cards can be a tool for those looking to get into the crypto market. Like NextAdvisor, CreditCards.com is owned by Red Ventures. He compares investing only the rewards you earn with a crypto card to “playing with house money.”

“For a certain type of person, they’re looking for that edge… They want to get into crypto and they’re betting that it’s going to be worth more in the future.”

Rossman adds that crypto credit card holders can also benefit from avoiding certain fees charged by crypto exchanges. “It could actually be a pretty convenient way to get into the market,” Rossman says. “It’s a bit of an underrated benefit of some of these cards.”

Risks of Crypto Credit Cards

Najah Roberts, Founder and CEO of Crypto Blockchain Socket, a cryptocurrency exchange and education hub in Inglewood, CA, loves earning rewards using its crypto credit cards. In about five months, she estimates she earned over $400 in bitcoin rewards.

At the same time, Roberts advises caution when using crypto credit cards, especially with regards to crypto tax liability.

Although you are not likely to pay taxes on your earned crypto rewards, you will pay when you cash out. When you sell a cryptocurrency that has appreciated, you will be subject to capital gains tax, or the difference between the amount the coin was worth when you “bought” it with your rewards and the price. of sale.

The points or cash back you earn with rewards credit cards on purchases you make, on the other hand, are rarely taxable.

Another major setback of crypto rewards is the potential loss of value. Many crypto enthusiasts buy for the potential to see their value skyrocket, but it’s still a volatile asset and growth is all but guaranteed.

In fact, the price of bitcoin has hovered between $30,000 and $60,000 in the past few months alone. If you had earned 1.5% back in bitcoin when the price was $60,000 per coin, then decided to cash out when the price fell to $30,000, you would have lost half the value of your rewards.

Credit cards with rewards always offer more value

Many experts we spoke to about crypto credit cards remain skeptical of their value over rewards cards.

The main advantages of these cards are the ability to directly earn rewards as crypto, foregoing the need to buy crypto with cash and using them as a relatively low-risk way to invest in the crypto. With less lucrative rewards, fewer extra perks, and a lack of welcome bonuses or introductory offers, you’ll still get a lot more value from many of the best credit cards on the market today than with a crypto card.

Pro tip

Another crypto-adjacent credit card option is a card like the SoFi credit card or Venmo card, which earn cashback rewards but offer crypto as one of many redemptions. This way, you can enjoy crypto rewards, but also have the option to choose cash back or statement credits.

If you’re really into crypto, you might be better off opening a rewards card that fits your spending habits and budget, and then using your rewards to invest in cryptocurrency. You will still be subject to the ups and downs of the crypto market, but you might earn a better rewards rate on your spend and be able to enjoy other benefits of more general rewards cards.

Plus, you’ll always have the option to redeem your rewards as statement credit or use them for future travel, should you change your mind.

Editorial independence

As with all of our credit card reviewsour analysis is not influenced by any advertising partnership or relationship.

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    $0 annual introductory fee for the first year, then $95.

  • Regular APR:

    14.74% – 24.74% variable

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    670-850 (good to excellent)

  • Learn more external link icon On the secure site of our partner See rates and feesTerms apply.

The future of crypto credit cards

As public interest around crypto continues to grow, crypto credit cards are likely to stay. Many crypto cards on the market have only been around for a year or less, which means there is plenty of room for growth in the future.

Roberts is a “cautious optimist,” but advises cardholders to do their due diligence. “I’m tiptoeing to see how these companies can help the average everyday consumer,” she says.

And if crypto markets continue to grow alongside, there could be even more flexible ways to incorporate cryptocurrency into our spending. While it’s not a good idea to spend your bitcoin in cash today, it could add another unique offer to crypto credit cards in the future.

Rossman is curious to see if there will be any crypto credit card products in the US that allow direct spending of crypto, in addition to just earning crypto rewards.

“I think they need to make it easier and more accessible,” he says. “So you wouldn’t really be selling stocks every time you made a small purchase. It’s just very confusing.

Online Casino Software Market Trend and Forecast | Key Players – Igt, Playtech, Microgaming, Betconstruct, Softgamings – Industrial IT

By
Cynthia J. Dominguez
-
0

New Jersey, United States,- The Global”online casino software Market” provides global trade information along with valuable facts and figures. This analysis study intimately explores the global market such as industry chain structures, product suppliers, and production. The online casino software sales market examines major segments of the GPS bike computer market scale. This good study provides historical knowledge as well as forecast from 2022 to 2028.

The entire price chain and demanding downstream and upstream components are examined during this report. This market report covers the technical knowledge, production facility analysis, and supplied item analysis for the Online Casino Software business and conjointly explains the product has the best penetration, profit margins, and market share. market.

Main Drivers and Obstacles:

High-impacting factors and driving forces are studied in the Online Casino Software market report to aid in reader perception of the development. Additionally, the report contains restrictions and challenges that will fulfill the gamers method. this can make it easier for the user to listen and build informed professional choices. The experts have jointly verified the following trading prospects.

Click the link for a sample copy of the report: https://www.marketresearchintellect.com/download-sample/?rid=198205

Market segmentation :

Key players:

  • Igt
  • playtech
  • Micro game
  • Betconstruct
  • Softgamings
  • Betsys
  • betradar
  • Sbtech
  • Digitain
  • Gamma stack
  • Each die
  • Sb betting software
  • Novomatic

Segment by types:

Segment by applications:

Get | Discount on the purchase of this report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198205

Scope of Online Casino Software Market Report:

Report attribute Details
Market size available for years 2022 – 2029
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2029
Quantitative units Revenue in USD Million and CAGR from 2022 to 2029
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

Regional Analysis For Online Casino Software Market:

The global Online Casino Software Market research report details current market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.

➛ North America (United States, Canada and Mexico)
➛ Europe (Germany, France, United Kingdom, Russia and Italy)
➛ Asia Pacific (China, Japan, Korea, India and Southeast Asia)
➛ South America (Brazil, Argentina, Colombia, etc.)
➛ Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

Post-covid-19 outlook:

Readers of the section will understand how the online casino software market scenario has changed across the globe during the pandemic and post pandemic. The study is carried out keeping in mind the changes in aspects such as production, demand, consumption and supply chain. The market experts have also highlighted the key factors which will help create opportunities for the players and stabilize the overall market in the coming years.

What insights does the Online Casino Software market report provide readers?

➜ Online casino software fragmentation on the basis of product type, end use and region
➜ Comprehensive assessment of upstream raw materials, downstream demand and current market landscape
➜ Collaborations, R&D projects, acquisitions and product launches of each online casino software player
➜ Various regulations imposed by governments on the consumption of online casino software in detail
➜ Impact of modern technologies, such as big data and analytics, artificial intelligence, and social media platforms on the global online casino software market.

For more information or query or customization before buying, visit: https://www.marketresearchintellect.com/product/global-online-casino-software-market-size-and-forecast/

There are 13 Sections to show the global Online Casino Software market:

Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation Overview

Chapter 2: Market Competition by Manufacturers

Chapter 3: Production by regions

Chapter 4: Consumption by Regions

Chapter 5: Production, by Types, Revenue and Market Share by Types

Chapter 6: Consumption, by Applications, Market Share (%) and Growth Rate by Applications

Chapter 7: Comprehensive Profiling and Analysis of Manufacturers

Chapter 8: Manufacturing Cost Analysis, Raw Material Analysis, Manufacturing Expense by Region

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factor Analysis

Chapter 12: Market Forecast

Chapter 13: Online Casino Software Market Research Findings and Conclusion, Appendix, methodology and data source

Lastly, the researchers shed light on the precise analysis of the global online casino software market dynamics. It also measures enduring trends and platforms that are driving market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analyses, the market has been thoroughly analyzed. It also helps to deal with the risks and challenges faced by businesses. Also, it offers in-depth research on sales approaches.

To note: All of the reports we list tracked the impact of COVID-19. The upstream and downstream of the entire supply chain were taken into account during this operation. Additionally, where possible, we will provide an additional COVID-19 update supplement/report to the third quarter report, please check with the sales team.

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How to pay your credit card bill

By
Cynthia J. Dominguez
-
0

Paying your credit card bill may not be the most enjoyable activity of your life. But that’s also not negotiable. Not keeping up with your credit cards can lead to serious problems, like damaging your credit score and putting you deep in debt. Let’s take a look at how to pay your credit card bill to avoid these potential problems.

Why is it important to pay your credit card bill?

Credit cards are particularly dangerous because they offer a form of debt that is easy to acquire and comes with an extremely high interest rate. Although you have the option of making a minimum payment each month in order to stay in good standing with the lender, doing so for all your credit cards can quickly lead to problems.

When you only make a minimum payment, most of your balance will accrue interest at a high rate. This means that your balances can actually get bigger and bigger, even if you pay them off. Doing this with multiple accounts can land you in a position where you are suddenly in debt with no way out. Therefore, you need to know how to pay your credit card bill otherwise you may face serious financial problems.

Things get even worse if you fail to make a payment at all. In this case, your account will eventually be sent to collections, which will lead to endless headaches and calls from debt collectors. Plus, not paying your credit cards can significantly damage your credit score, making it harder to get financing later when you might need it for a car or a home.

How to pay your credit card bill

There are two things to consider when considering how to pay your credit card bill. First, you want to know about the different credit card payment options and which one makes the most sense for someone in your position.

There are several routes you can take to pay your credit card bill. The best of these is usually to set up an online automatic payment, where the full balance is taken from your checking account each month. It doesn’t matter when you choose to pay as long as it’s before the payment due date. However, you can also choose to pay your bill manually if you’re low on funds and don’t want to risk overdrafting your checking account. The important thing is that you track your payments.

This brings us to the second key consideration on how to pay your credit card bill: if you’re simply unable to do so at all due to financial hardship. If none of the credit card payment options work for you, it might be time to ask for help or other methods.

What to do if you can’t pay your credit card bill

Consumers can do several things if they are unable to pay their credit card bills. One of the first options on the table may be to look into debt consolidation. This is where multiple credit accounts are combined into one. When you do a credit card balance transfer, which is a form of debt consolidation you can do on your own, you can consolidate several of your credit accounts, making it easier to pay off. But beyond that, credit card balance transfers also come with a low introductory interest rate. This can give you a chance to get ahead of your debt during a period when you are not accruing interest.

A home equity line of credit (HELOC) or debt relief program could provide a way out of credit card debt for those who need a more substantial plan. You can find out more about this at www.freedomdebtrelief.com. Freedom Debt Relief is one of the most trusted debt relief companies, which is evident from their many positive reviews.

If you are having difficulty with your credit card bills, you should also consider contacting a credit counseling agency. These are organizations specializing in helping consumers regain their financial balance. A credit counselor can provide you with valuable educational materials or even help you create a debt management plan (DMP). Many of their services are completely free, so it’s usually worth contacting them at least.

The average American consumer has over $6,100 in credit card debt. For those who use credit cards a lot, knowing how to pay your bill is essential to maintaining or regaining your financial well-being.

Best Ways to Consolidate Credit Card Debt

By
Cynthia J. Dominguez
-
0

Banking Industry CIO Perspectives | Monday, May 30, 2022

If you’re having trouble making monthly payments on multiple credit cards, debt consolidation may be the best option.

Fremont, California: It can be overwhelming to pay all your credit card bills at once, especially if the user has a high interest rate or a huge balance on many cards. If customers are struggling to make monthly payments on multiple credit cards, debt consolidation may be the best option.

Consolidating existing debt involves combining all existing debt, whether credit card bills or loan repayments, into one monthly payment. This can be a great answer if users have multiple credit card accounts or loans and want to simplify or minimize monthly payments.

There are several methods of debt consolidation. Let’s go over some of the more common methods:

Use a credit card with balance transfer

Balance transfer cards, which allow users to transfer high-interest debt to a new, low-interest account, should be among the first debt consolidation choices users consider.

Use the equity in your home

One could use the equity in their property to consolidate credit card debt. For example, with a cash refinance or home equity loan, homeowners with lots of high-interest credit card debt can save money on interest payments and pay off their amounts faster.

Apply for a personal loan

Given the financial situation, using a personal loan to consolidate credit card debt could be a smart alternative. Personal loans are popular ways to consolidate credit card debt because they offer a predictable process for quick repayment.

Consider a 401(k) loan

A 401(k) loan is the best strategy for consolidating credit card debt. Additionally, borrowing against retirement assets may be what users need if they are in financial difficulty, but they are sure they will be able to get back on track shortly.

Use a debt management program

A debt management program (DMP) can help clients reduce overall interest rates, which means more of each monthly payment is applied to the principal balance – and less to interest. Assuming users don’t think they will be able to repay debts in three years (if not related to a specific purchase), or if user wants to consolidate without borrowing money or establishing a new line of credit is an excellent alternative.



Sports Betting Software Market Size and Forecast to 2029

By
Cynthia J. Dominguez
-
0

New Jersey, United States – Current trends, industry analysis and growth development exemplified in this “Sports betting software market” report are very beneficial for newbies entering the market. This report covers the whole scenario which is driving the growth of the market, including factors such as challenges, drivers, recent trends, restraints, technological advancements as well as opportunities for players. This market performs a perfect assessment of the market to provide a complete overview of the market development with reference to the future projections and the market scenario. This analytical research on Sports Betting Software Market share, industry volume and growth aspects.

This Sports Betting Software Market Report Covers Latest Events, Trade Restrictions, Customs Analysis, Stakeholder Management, Value Chain Effectiveness, Sales Growth, Influence of Local Players and international industry and outlook. Evolution of revenue generation, regulatory changes, competitive industry growth studies, company size, categorization of industry growths, industry specializations and supremacy, l Risk assessment, marketing strategies, regional developments and technological innovations in the market are all aspects considered in this sports betting software. market report as well as a COVID-19 analysis on each sector.

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In the Sports Betting Software Market research report, vendors will find insights into factors affecting market growth which will provide them with useful data for strategic planning. The growth potential of a market can be determined by understanding these factors. Sports Betting Software market competition by TOP MANUFACTURERS, with production, price, revenue (value) and each manufacturer including:

Key Players Mentioned in the Sports Betting Software Market Research Report:

Playtech, Microgaming, Betconstruct, Softgamings, Betsys, BetRadar, SBTech, Digitain, GammaStack, EveryMatrix.

Sports Betting Software Market Segmentation:

Sports Betting Software Market, By Type

• On the site
• Cloud-based

Sports Betting Software Market, By Application

• Online Bookmakers
• Game operators

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Scope of the Sports Betting Software Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Answers to key questions in the report:

1. Who are the top five players in the sports betting software market?

2. How will the sports betting software market develop in the next five years?

3. Which product and which application will capture the lion’s share of the sports betting software market?

4. What are the Sports Betting Software Market Drivers and Restraints?

5. Which regional market will show the strongest growth?

6. What will be the CAGR and size of the sports betting software market throughout the forecast period?

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Michigan joins online poker network with NV, NJ, DE

By
Cynthia J. Dominguez
-
0

Michigan joins a multi-state online poker cash-sharing agreement.

An agreement signed on May 23 by Henry Williams, executive director of the Michigan Gaming Control Board, allows internet poker players in Michigan to compete against players in Delaware, Nevada and New Jersey. These three states belong to the Multi-State Internet Gaming Agreement, and Michigan is now a member.

“I am pleased to announce that Michigan has joined the Multistate Poker Pact, and a large portion of the increased tax revenue from Multistate Poker will go to support K-12 education in Michigan” , Williams said. “By joining us, Michigan will nearly double the potential pool of participants in multi-state poker games.”

The Michigan Legislature in December 2020 passed a bill authorizing the MGCB to join a multi-jurisdictional poker pact, giving Michigan residents the opportunity to compete against poker players from other states. Senator Curtis Hertel (D-East Lansing) sponsored the bill, which was signed by Governor Gretchen Whitmer on December 29, 2020.

Language permitting multi-jurisdictional gambling was omitted from the original Internet Gaming Act signed in December 2019. Michigan’s 2021 law restricts multi-jurisdictional internet gambling to poker.

“Michigan poker players will have more options and likely play for more money when they can compete against players from other states,” Senator Hertel said. “I’m glad we were able to make this possible for poker players in Michigan.”

Obtain MGCB permission to launch multi-state poker, licensed operators and associated platform providers must go through several stages. The MGCB this April released guidelines on participation requirements for operators.

“Operators still have work to do before Michigan residents can join multi-state poker games,” Williams said. “The MGCB must ensure that Michigan residents are protected when playing multi-state poker, and we will apply the same rigor to the review of the new offer as we have other games on the Internet.

Although the agreement is currently limited to four states, it is possible that other states could join.

Currently, three licensed operators and vendors offer online poker in Michigan: MGM Greater Detroit with BetMGM, Grand Traverse Band of Ottawa and Chippewa Indians with World Series of Poker, and Little Traverse Bay Bands of Odawa Indians and provider PokerStars.

UK’s luckiest towns revealed by online bingo winnings

By
Cynthia J. Dominguez
-
0

Kirkwall in Orkney, Scotland is the luckiest town in the whole of the UK, while localities in Scotland are disproportionately lucky, according to new research. The study, conducted by Paddy Power Bingo, takes an in-depth look at the results of millions of individual online bingo games played by their customers, revealing that Kirkwall boasts a 31% win rate.

The Scottish city’s impressive win rate is nearly 50% higher than any other UK city, with Lymington in Hampshire and Isleworth in London rounding out the top three (both with a 21% win rate). Paddy Power Bingo punters may want to move to Scotland for luck, as four Scottish towns feature in the top 10 luckiest places – massively outperforming Wales, with Maesteg in Bridgend being the only Welsh representative of the list.

Top 10 UK cities by pass rate

Rank

City/Town

Country

win percentage

1

Kirkwall, Orkney

Scotland

31%

2

Lymington, Hampshire

England

21%

3

Isleworth, London

England

21%

4

Melksham, Wiltshire

England

20%

5

Dingwall, Highland

Scotland

20%

6

Larkhall, South Lanarkshire

Scotland

20%

seven

Lockerbie, Dumfries and Galloway

Scotland

20%

8

Wetherby, West Yorkshire

England

20%

9

Maesteg, Bridgend

Wales

19%

ten

Wadebridge, Cornwall

England

19%

However, while the Scots routinely celebrate a win, when it comes to the top 10 by amounts won, there are no representatives from north of the border. The English, while winning less frequently, enjoy much larger earnings, with nine English cities ranking among the best in terms of average earnings per game.

Despite only one representative in the top 10 for win rate and highest average payout, Wales top the charts for highest average earnings, with Ruthin (Denbighshire) being the most successful. Hebden and Longfield, in West Yorkshire and Kent respectively, get silver and bronze in the earnings table.

Top 10 cities by average payment:

Rank

City/Town

Country

1

Ruthin, Denbighshire

Wales

2

Hebden Bridge, West Yorkshire

England

3

Longfield, Kent

England

4

Ashbourne, Derbyshire

England

5

Pulborough, West Sussex

England

6

Bodmin, Cornwall

England

seven

Bishops Stortford, Hertfordshire

England

8

Shefford, Bedfordshire

England

9

Surbiton, London

England

ten

Esher, Surrey

England

The biggest individual win of all time came at Doncaster, with one extremely lucky punter winning £20,570 in one game. Not to be completely outdone by the North, London recorded the most wins over £1,000 (162), followed by Coventry (110) which is well ahead of the chasing pack. Surprising entrants to the top 10 include smaller areas such as Romford and Haverhill.

Win over £1,000:

Rank

City/Town

Country

Number of wins over £1,000

1

London

England

162

2

Coventry

England

110

3

Leicester

England

70

4

Manchester

England

65

5

Romford, Essex

England

47

6

Haverhill, Suffolk

England

44

seven

liverpool

England

40

8

Bristol

England

39

9

Glasgow

Scotland

39

ten

Stockport

England

36

A spokesperson for Paddy Power Bingo said: “Bingo requires a bit of luck so we thought it would be a good idea to have one of our boffins analyze the results of over 700 million games to find out who does the best. So kudos to the people of Kirkwall who seem to be a lot luckier than anyone else in the country.

“Given the strong Scottish representation among the luckiest places, you may consider moving north of the border to bring good fortune. I would stay well away from Wales. And that’s not very lucky either…”

Here are 4 ways to effectively manage your credit card debt

By
Cynthia J. Dominguez
-
0

You could have racked up high credit card debt during the pandemic. Well, you are not alone. There are many others too, who could have done so, due to layoffs, job losses, increased hospital and medical costs, among others.

Since credit card debt carries heavy charges and penalties, you might feel a heavy burden on your shoulders. It is a fact that unpaid dues, as well as new credit card transactions, would continue to incur hefty charges of around 40% until the time you repay the entire unpaid amount, as well as fees and penalties.

Additionally, credit card debt could also affect your credit score, which in turn will affect your eligibility for a loan in the future.

Therefore, it is best to avoid a situation where your credit card debt spirals out of control. However, in case you are faced with such a crisis, here are four ways to solve this problem:

Living with one credit card: When you’re deeply in debt, try to live with just one credit card. You could, at most, keep two credit cards on you. Keeping multiple cards will only add to your worries. “In situations where you are deeply in debt on your credit cards, consolidating your credit cards is key. You should immediately cut off the extra number of cards. Try to live with just the card. Try to stop using other cards by paying the dues and letting your bank know you don’t need them anymore would make your life easier,” says Hemant Beniwal, Certified Financial Planner and Principal at Ark Primary Advisors, a financial planning firm. You need to be disciplined in using your credit cards, resist the temptation to spend on unnecessary things, and save money to pay off your dues as soon as possible.

Transfer Outstanding Balance in EMIs: Many credit card companies offer the option of converting your pending dues into equivalent monthly installments (EMI). This way, you can repay the full amount in smaller pieces over a longer duration as per your convenience. The interest rate on EMI in this case would be much lower than the finance charges on your unpaid dues. The interest rate varies depending on the term you choose to repay outstanding amounts through EMI. Try to choose the shortest term to reduce your interest expense.

Opt for a personal loan with a lower interest rate: You can also opt for a personal loan to pay off your credit card charges. This is generally useful for people burdened with high debt. In most cases, credit card providers charge an interest rate of around 40% per year, while you can get a personal loan from an interest rate of around 11%, and which can be repaid in a maximum of five years. Taking out a personal loan for debt consolidation will help you manage your finances more efficiently. You would pay off your credit card debt in easy EMIs.

Balance transfer to another credit card provider: This is yet another smart way to avoid paying high interest. You can transfer your balance to a credit card issued by another provider or another bank that charges a lower interest rate. An important point to note about transferring credit card balance to another bank card is that you can only transfer this amount to your new credit card within its credit limit. The best way to use credit card balance transfer is to pay all your dues during the free or nominal interest rate period. But while deciding on another credit card, you should pay close attention to its features which should serve your purpose. Otherwise, there is always a risk of falling into another debt trap.

How to choose the best online bingo site – London Business News

By
Cynthia J. Dominguez
-
0

If London loves anything other than business, it’s bingo. Even though bingo has its origins in Italy, the UK has welcomed the game as one of its own. For much of the duration of the 1960s and beyond, hundreds of bingo halls opened across the country. Since then, like the rest of the UK gambling industry, bingo has partially migrated online, giving players another option when they don’t want to travel to a land-based establishment to play. However, with the flexibility that online casinos offer, there is also a degree of confusion. For example, with all the options, how do you choose the most reputable online bingo site? Keep reading to find the answer.

Choosing the right online bingo site

Just as there are several ways to play real money bingo, from Slingo to jackpots to scratch cards, there are also different methods to choose the best online bingo sites or apps. To begin with, players always want to choose an online bingo and casino site whose software has been tested by a third-party agency. This will demonstrate that the platform is stable, legitimate and fair. For example, platforms like Betfair are known to have their bingo software certified by Norton. In addition, potential players should use an online casino that offers certainty in the form of bonuses. In other words, even though the game is based on luck, players can give themselves a helping hand by using casino sites that reward them for completing a task, such as making a deposit. These bonuses are available for bingo and other casino games like poker and roulette.

Finally, the selection of games is essential. Practice can make perfect, but someone won’t become a complete gamer playing the same games by the same game providers. For example, Rainbow Riches may be the UK’s most famous slot franchise, but Barcrest Game Studios has several other games worth exploring. It’s no different from a retailer offering a diverse selection of merchandise. Businesses need to appeal to more than one demographic group. Some gambling niches that have recently started to gain popularity include hybrid games like Slingo, which combines slots and bingo, and branded casino games. Branded casino games are basically casino games that have popular cultural themes. For example, there are video slot games based on everything from Top Gun and King Kong to AMC’s The Walking Dead TV franchise.

Even online bingo requires players to put real money on the line, which is why it’s so important for novice players to take the time to research which platforms are reliable and secure. Researching the inclusion of responsible gambling tools should be one of the first things anyone does. But then comes the fun side of the research process, which includes reviewing the selection of games and the potential bonuses and promotions that can be acquired by playing. Keep in mind that players should never stop their research, as the online gambling community is constantly changing and is only expected to grow even more in the years to come.

Please gamble responsibly. For more information and advice visit www.begambleaware.org

The California State Lottery Helps Steer the Trajectory of the Global Online Lottery Market

By
Cynthia J. Dominguez
-
0

Recent market research by Technavio revealed that the California State Lottery remains one of the leading providers in the global lottery market. In its information on the top 20 vendors in the global lottery market, the California State Lottery was listed as one of six state lottery organizations in the United States, suggesting that the keno hall market and bingo across the Sunshine State is likely to remain strong.

Technavio forecasts a compound annual growth rate (CAGR) of 11.11% for the global online lottery market, driven by growth in several market segments. The report notes the rise of “terminal-based” lottery and “scratch-off” lottery or bingo games, as well as online gaming platforms in regulated jurisdictions. This is competitive with the UK, where online bingo and lottery type games are a huge generator for the wider UK iGaming industry.

Direct revenue generated by Britain’s bingo and lottery sub-sector was just under $1 billion in 2019 before the pandemic. Its licensed and regulated online operators are also leading the charge. UK examples like online bingo at Paddy Power lead the way in covering all the bases with American style 75, 80 and 90 ball action to appeal to a wide range of players. This is likely the path the US iGaming industry will take in the future.

California lottery and bingo operators must compete with instant games

One of the biggest challenges in the lottery market discovered by Technavio is competing with those online platforms that can provide on-demand play 24/7. Although more and more lottery and bingo players are looking to connect and play with reputable providers, land-based lottery sites must look to offer a new kind of gaming experience to differentiate themselves.

Scroll to continue

Instead of offering terminal-based instant games in bingo halls, where players will have to travel and venture outside of their comfort zone to enter, providers will need to consider offering enhanced social gaming experiences for players. Fostering interaction and engagement between groups will be essential, as it is the only advantage the land-based game will always have over its online counterpart.

In California, this may simply require the state lottery to alter its revenue distribution somewhat. In the latest figures from the California State Lottery, between 1985 and 2020, the State Lottery funded $37.6 billion for the state’s education sector, with $67.4 billion set aside for its prizes and $4.8 billion and an additional $2.4 billion earmarked for operating expenses and gaming costs, respectively. The organization may need to increase its gaming costs to entice more people to leave their homes to continue playing at bingo halls that have been dedicated communities for decades.

Where will most of the growth in the global lottery industry be generated?

In terms of regional highlights, the lottery and bingo industry appears to be the most mature in the Asia-Pacific (APAC) region. More than a third (36%) of global market growth between 2022 and 2026 is expected to be generated by APAC, with China identified as the hub country to lead the lottery market here. Market growth in APAC will be faster than growth in all other regions with regulated lottery markets.

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In Asia-Pacific, the acceleration of growth would be largely due to the relaxation of government powers, as well as the increase in household disposable income.

Sweepstakes Software Market Size and Forecast

By
Cynthia J. Dominguez
-
0

New Jersey, United States – Contest Software Market The 2022-2029 report has been prepared based on an in-depth market analysis with input from industry experts. The competition software market study sheds light on the significant growth momentum that is expected to prevail during the assessment period 2022-2029. The study offers statistics on key segments in important geographies, along with detailed mapping of the global competitive landscape. Additionally, the market report tracks the global competitions software sales in over 25 high-growth markets, while analyzing the impact that COVID-19 has had on the current industry and the competitions software sector specifically.

Main Drivers and Obstacles:

The high-impacting factors and renderers have been studied in the Contest Software market report to help readers understand the overall development. Additionally, the report includes constraints and challenges that can be stumbling blocks in the players’ path. This will help users to be attentive and make informed decisions related to business. Specialists also focused on future business prospects.

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In its latest report, Verified Market Reports offers a comprehensive overview of the Contest Software Market with a focus on key dynamics including drivers, restraints, opportunities, trends and detailed information on the market structure competition software. Sales of contest software market across the globe will increase with the increasing adoption of R&D activities and advanced technologies. With the outbreak of COVID-19, businesses have become heavily dependent on digital platforms for their survival.

Top Key Players in Contest Software Market Research Report:

Novomatic, Vegas-X, Microgaming, NetEnt, EGT, Playtech, Igrosoft, Amatic

Key Segments Covered in Competitions Software Market – Industry Analysis by Types, Applications and Regions:

Contest Software Market – Type Outlook (Revenue, USD Million, 2017 – 2029)

• Cloud-based
• Web-based

Contest Software Market – Application Outlook (Revenue, USD Million, 2017-2029)

• Large companies
• SMEs

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Scope of the Contest Software Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Regional Analysis For Contest Software Market:

The Contest Software market research report details current market trends, development outline, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.

➛ North America (United States, Canada and Mexico)
➛ Europe (Germany, France, United Kingdom, Russia and Italy)
➛ Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
➛ South America (Brazil, Argentina, Colombia, etc.)
➛ Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

What insights does the Contest Software market report provide readers?

➜ Software fragmentation competition based on product type, end use and region
➜ Comprehensive assessment of upstream raw materials, downstream demand and current market landscape
➜ Collaborations, R&D projects, acquisitions and product launches of each Sweepstakes Software player
➜ Various regulations imposed by governments on the consumption of contest software in detail
➜ Impact of modern technologies, such as big data and analytics, artificial intelligence and social media platforms on the competition software

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VMI provides a global overview and competitive landscape with respect to region, country and segment, as well as key players in your market. Present your market report and results with an integrated presentation function that saves you more than 70% of your time and resources for presentations to investors, sales and marketing, R&D and product development. products. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.

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Solutions for Credit Card Debt – WFAA.com

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Cynthia J. Dominguez
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Solutions for credit card debtWFAA.com

Fanatics files trademark application for Sportsbook, tips for offering online poker and iGaming

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Cynthia J. Dominguez
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0

The Fanatics logo is visible on a blue background. Fanatics' USPTO application says it will publish a sportsbook under the BetFanatics brand and also plans to host poker tournaments.

Fanaticsthe online retailer run by billionaire CEO Michael Rubinplans to launch an online bookmaker under the brand BetFanaticsaccording to a trademark application the company filed this month with the U.S. Patent and Trademark Office (USPTO).

The app also shows that the company plans to offer online poker and casino games. Such a move would put the startup in direct competition with companies like 888/WSOP, BetMGM Poker, PokerStars and other big names in the poker vertical.

It also appears that the Jacksonville, Florida-based company is planning to release up to three separate apps – one for online gaming, an online sportsbook, and one for fantasy sports.

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What is the USPTO Ranking of emissions

The USPTO uses 45 distinct classes to organize the offering of goods and services by trademark applicants. Class 9 covers electrical and scientific apparatus, while Class 41 covers education and entertainment.

Under the Class 9 entry, Fanatics indicated that they plan to offer at least one, but possibly as many as three downloadable mobile apps. Meanwhile, the Class 41 section includes details on the types of content it plans to offer.

Although the company did not give specific names for the apps, the naming convention and product descriptions for similar apps offered by its competitors – coupled with the verbiage that Fanatics used in its app to the USPTO — suggest that applications could be named and organized as follows:

  • Sports betting fanatics — Would allow players to place bets on sports. It would also include sports programs, news and information, as well as previews, alerts, replays, video clips of sports competitions and webcam feeds.
  • Fantasy Sports Fanatics — Would provide players with tools to manage and participate in fantasy sports leagues. The app would also likely provide sports and esports news and information, as well as sports league player and team statistics and analysis.
  • Fanatics Casino — An online casino application that would include online poker. Other games on offer include baccarat, bingo, blackjack, craps, keno, roulette, slots and solitaire.

The fanatics also told the USPTO that he plans to “[organize and conduct] poker tournaments“, suggesting that it might consider rolling out a poker platform in states that have signed the Multistate Internet Gaming Agreement (MSIGA) – Delaware, Michigan, Nevada and New Jersey – in order to benefit from a greater number of players and to have greater prizes.

The company also mentioned offering betting exchange services, which sounds like the recently announced announcement. PokerStars Exchangea port on the Betfair Exchange that allows PokerStars players to wager and wager, and gives them access to a global liquidity pool.

It is also possible that Fanatics plans to offer some of the products and services mentioned in the application, which was submitted on May 17 and accepted by the USPTO May 20. The review process is expected to take months.

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Fanatics’ not-so-secret sports betting plans

It’s no secret that Fanatics has been working to develop an online bookmaker. He hired the former FanDuel CEO Matt King as his CEO for betting and gaming in June 2021. And earlier this month, Fanatics named chief marketing officers Lydia Jett and Jonathan Mildenhall to its board of directors as part of its strategy to create a platform “for online sports betting and iGaming”.

Fanatics was also one of several companies that applied for, but were ultimately denied, a sports betting license in New York.

The private company has been silent on its plans and has not returned messages seeking comment, but speculation about how Fanatics plans to acquire customers for its online sportsbook at a lower price than competitors typically focus on cross-marketing through his other businesses, which is why he added Jett and Mildenhall to his team.

Fanatics provides an official license MLB, MLS, NBA, NCAA, NFLand NHL merchandise. He also owns trading card company Topps and Candy Digital, a sports collectibles company that also offers non-fungible tokens (NFTs).

Rubin reportedly told attendees of the MIT Sloan Sports Analytics Conference in Boston on March 4 that he thinks Fanatics will be able to use its database of 80 million customers to leverage an online sportsbook. His Candy and Topps businesses could also play a role in this campaign.

“The average cost to acquire a customer in online sports betting today is $500 on a good day,” Rubin said during the conference call, according to CNBC. “I would much rather look at the different places I could acquire customers and sell them in online sportsbook than spend over $500 and have a multi-year return in a highly promotional environment.”

Global Online Lottery Market Report 2022-2026 – Online Lottery Market is Lucky and Looking Forward to Incredible Growth – European Gaming Industry News

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Cynthia J. Dominguez
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Reading time: 3 minutes

Global Online Lottery Market to Reach $14.5 Billion by 2026

The global online lottery market, estimated at US$8.7 billion in 2020, is expected to reach a revised size of US$14.5 billion by 2026, growing at a CAGR of 8.7% over the analysis period.

The growth of the global market has exploded in recent years owing to multiple favorable factors such as advancement in technology, increasing digitalization, and increasing disposable income. The online lottery is poised to experience high demand due to the increasing transition to the online platform and the trend of gamification.

The growth of the market is also propelled by rising per capita income, increasing number of dual-income households, and growing interest and adoption from people. Online lottery game providers are investing in digitalization and advanced technology to exploit this lucrative opportunity. Various countries in Europe and Asia-Pacific have supported online sports lottery activities like football, golf, motor racing, soccer, baseball, basketball, boxing and hockey.

The support is expected to present new growth opportunities for the market. Another factor positively influencing the growth is the growing popularity of social media due to the massive penetration of smartphones and the internet. With fewer restrictions compared to conventional marketing approaches, social media has become a popular platform for product promotions and advertising for online lottery providers.

Draw-based online lottery games, one of the segments analyzed in the report, are expected to grow at a CAGR of 8.6% to reach US$7.8 billion by the end of the period analysis. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the online sports lotteries segment is readjusted to a revised CAGR of 9.1% for the next 7-year period.

The US market is estimated at $2.3 billion in 2021, while Asia-Pacific is expected to reach $4.1 billion by 2026

The online lottery market in the United States is estimated to be worth US$2.3 billion in 2021. The country currently accounts for a 23.7% share of the global market. Asia-Pacific is expected to reach an estimated market size of US$4.1 billion in 2026 growing at a CAGR of 10.1% over the analysis period. Other noteworthy geographic markets include Europe and Canada, each forecasting growth of 8.2% and 7.2% respectively over the analysis period. In Europe, Germany is expected to grow around 8.3% CAGR.

By Platform Type, Desktop Segment to Reach $7.5 Billion by 2026

The strong position of the desktop segment can be attributed to the wide display of content, the large screen and the quest to learn new technologies. In the global desktop segment (platform type), the United States, Canada and Europe will drive the estimated CAGR of 6.9% for this segment.

These regional markets representing a combined market size of US$2.7 billion in 2020 will reach a projected size of US$4.4 billion by the end of the analysis period. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$2.2 billion by 2026, while Latin America will expand to a CAGR of 8.5% over the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of COVID-19 on the global lottery industry
  • Effect of the pandemic lockdown on the online lottery market
  • The Massachusetts Lottery is at risk of becoming obsolete due to the COVID-19 pandemic
  • The gaming industry: a prelude
  • Lottery: a key segment of the gaming industry
  • Online lottery: climbing to the top of innovation
  • Global Market Outlook and Prospects: Online Lottery Market is Lucky and Expecting Incredible Growth
  • Online lottery: Gut Punch for some and Perfect Heaven for revenue support for others
  • Growing Importance of Online Lottery in the United States
  • Factors Helping the Online Lottery Market Shift to Strong Gaming
  • Main issues and challenges
  • Adverse public opinion on gambling: a major issue affecting the outlook for the lottery industry
  • Analysis by type of platform
  • Regional analysis: Europe enjoys a frontline position in the global online lottery market
  • Online lottery gains ground in US amid pandemic
  • Increased sales of Michigan iLottery products in Michigan
  • Probable ban on online lottery in Florida
  • Competitive scenario
  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS (Total 58 featured)

  • Limited Schedule
  • Camelot Group
  • International Game Technology PLC
  • Jackpot.com
  • Lotto Agent
  • Lotto Direct Ltd.
  • Loto247
  • LottoKings
  • LotoSend
  • LotosOnline
  • Internet gambling in the UK
  • WinTrillions

3. MARKET TRENDS AND DRIVERS

  • Online Lottery Benefits: Galvanizing Massive Demand
  • Online lottery emerges as favorite gambling pastime with lure of big jackpots
  • Positive aspects of legalized gambling excite the online lottery market
  • Market Outlook Strongly Influenced by Gaming Industry Trends
  • Gambling apps contribute to the growing popularity of online lottery
  • Changing Role of Cryptocurrency Drives Market Adoption
  • Widespread availability of high-speed internet is driving market growth
  • The smartphone emerges as a popular option for participating in the online lottery
  • Increased focus on digitization bodes well
  • Blockchain enables decentralized and transparent operations
  • Big Data steps in to increase online lottery operations
  • IoT emerges as a reliable tool to transform the online lottery market
  • Virtual reality seeks a role in the online lottery field
  • Issues and Challenges
  • Regulatory focus on online gambling cripples momentum
  • Gambling laws in some countries
  • Nationwide bans discourage global expansion
  • Cyberattacks: the red button problem

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

It’s official! Michigan joins the Interstate Online Poker Compact

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Cynthia J. Dominguez
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illustration of four different colored hands coming together to form a circle

iStockPhoto

I’m happy to announce that Michigan has joined the Multistate Poker Pact, and a large portion of the increased tax revenue from Multistate Poker will go to support K-12 education in Michigan.It’s a big day for Michigan online poker.

Mitten State signed the Multi-State Internet Gambling Agreement (MSIGA)formalizing Michigan’s entry into the interstate gambling pact with Delaware, Nevada and New Jersey.

The addition of Michigan means the player pool of the compact almost doubles — Michigan is the tenth-largest state in terms of population (10.1 million). MSIGA will now have a combined population of 23.5 million people with which to draw shared liquidity to support online poker.

“I am pleased to announce that Michigan has joined the Multistate Poker Pact, and a large portion of the increased tax revenue from Multistate Poker will go to support K-12 education in Michigan” , Henry Williams, Executive Director of Michigan Gaming Control Board (MGCB), said in a statement Monday. “By joining us, Michigan will nearly double the potential pool of participants in multi-state poker games.”

SB 991, a bill sponsored by Sen. Curtis Hertel Jr. (D-East Lansing) and eventually signed into law by Michigan Governor Gretchen Whitmer in December 2020, included verbiage that said the MGCB could make deals for multi-jurisdictional poker.

“Poker players in Michigan will have more options and likely play for more money when they can compete against players from other states,” Hertel said. “I’m glad we were able to make this possible for poker players in Michigan.”

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MI Online Poker operators have work to do

Michigan’s online poker operators — BetMGM Poker MI, PokerStars MI and WSOP MI — must go through several steps to obtain authorization from the MGCB before letting their players into the shared player pool. The requirements were set out in a five-page guidance document the regulator released in March.

The requirements require that the three operators:

  • Meet all the conditions and requirements described in the MSIGA deal
  • Receive approval from MGCB for any new platform or modification of platform, as well as any new remote game system and game software
  • Have their technical security standards reviewed and inspected for new data centers – the MGCB must give written approval for servers capable of receiving bets placed outside of Michigan

the MGCB must ensure that Michigan residents are protected when playing multi-state poker and we will apply the same rigor to reviewing the new offering as we have other internet games.the MGCB added that new vendors, including platform vendors, that will play a role in the multi-state poker offering must obtain internet gaming vendor licenses from the agency. New suppliers may also be required to register with the MGCB. The regulator said new operator or platform provider employees involved in multi-state poker may also need to obtain professional licenses from the MGCB.

“Operators still have work to do before Michigan residents can join multi-state poker games,” Williams said. “The MGCB must ensure that Michigan residents are protected when playing multi-state poker and we will apply the same rigor to reviewing the new offering as we have other internet games.

last April, MGCB Spokeswoman Mary Kay Bean said the regulator declined to comment on how long the approval process is expected to take, or whether operators would be approved one after the other or in tandem.

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‘More states’ could join MSIGAbut probably limited to PA (for now)

Monday’s announcement included the statement that “although the agreement is currently limited to four states, it is possible that other states may join.”

There are currently three other US states that have legalized online poker but are not yet part of it. MSIGA — Connecticut, Pennsylvania and West Virginia. Pennsylvania is often mentioned as a possible MSIGA member and Pennsylvania Governor Tom Wolf’s press secretary said Pennsylvania Gaming Review last month that the state is monitoring the pact’s expansion.

Pennsylvania is also the fifth-largest US state in terms of population, with nearly 13 million people. If the Keystone State joins MSIGAthe player pool could reach 42.5 million.

The path Connecticut and West Virginia must follow to join the pact is a bit more complicated. Both states have smaller populations — 3.6 million in Connecticut and 1.8 million in West Virginia. Their small populations also explain why neither state has an active poker operator.

Although Connecticut legalized online poker in May 2021, the gambling regime does not include verbiage that would allow the state to join a pact like MSIGA. To complicate matters further, the two CT tribal casinos have chosen to partner with DraftKings and FanDuel, two operators that do not use a poker platform.

Despite a groundbreaking partnership announced last month in Ontario that involves two Flutter brands — under which PokerStars would offer online poker and casino games in the province while FanDuel would offer sports betting — a head of Connecticut Department of Consumer Protection (CDCP) said state gaming laws would not permit such an arrangement in that state.

the West Virginia Lottery Commission (WVLC) revealed last summer that he was interested in joining a compact like MSIGA for poker.

Michigan online poker players will join tables with Nevada, Delaware, NJ

By
Cynthia J. Dominguez
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0

Posted: May 23, 2022, 10:09 a.m.

Last update: May 23, 2022, 10:24 a.m.

Michigan online poker players will soon see more action on the interactive tables. This is after the state officially joined the Multi-State Internet Gaming Association (MSIGA).

Michigan online poker MSIGA iGaming
An online poker player. Michigan online poker players will see more active tables on their online gaming platforms after the state opts to join the multi-state internet gambling agreement with Nevada, Delaware and New Jersey. (Image: Shutterstock)

The Michigan Gaming Control Board (MGCB) today announced that Executive Director Henry Williams has signed the MSIGA agreement to enable online pool sharing across state lines. The pact provides better liquidity to internet gamblers in states where such online gambling is permitted.

Michigan legalized iGaming along with online slots and table games, including poker, in December 2019. But the Gaming Expansion Bill signed by Governor Gretchen Whitmer (D) banned wagering pooled interstate poker games. The Michigan legislature remedied this ban the following year. They passed a law that gave the MGCB the power to determine whether membership in the MSIGA was in the interests of the state and consumers.

Williams concluded that pooling online poker tables with Nevada, New Jersey and Delaware would increase Internet poker participation and therefore generate higher commissions and fees. Michigan’s online gambling taxes primarily benefit public education.

poker pool key

For online poker to thrive, adequate players are, of course, necessary. In smaller states like Delaware, these numbers were insufficient before the state launched the MSIGA in conjunction with Nevada in 2014.

Since then, New Jersey and now Michigan have chosen to participate. The Multi-State Internet Gaming Association, LLC, is a corporation registered in Delaware and operated by state gaming regulators. Williams said that by joining the MSIGA, Michigan will nearly double the “potential participant pool” in multi-state poker games.

Poker, unlike slots and other table games such as blackjack and roulette, is not exactly a substantial revenue generator for online casinos.

In New Jersey, for example, gross iGaming gaming revenue from interactive slots and non-poker table games totaled $1.36 billion last year. Rake and poker fees accounted for $29.9 million.

Michigan does not break down its iGaming revenue by table game.

Robust online poker rooms are seen as iGaming entry channels for newcomers to the internet. According to operators, attracting an online poker player often leads that customer to try an online slot machine or other table game.

Operator dependent launch

The MGCB said in its statement today that iGaming operators will need to meet several regulatory requirements before their poker platforms can connect to tables in the other three MSIGA states. The MSIGA agreement requires the implementation of certain technical security standards and platform changes to enable player sharing across states.

Operators still have work to do before Michigan residents can join multi-state poker games,” Williams explained. “The MGCB needs to ensure that Michigan residents are protected when playing multi-state poker, and we will apply the same rigor to the review of the new offering as we have other internet games.”

Williams did not say when Michigan’s first legal online poker room might open to players from Nevada, Delaware and New Jersey.

Michigan is the fourth state to join the multi-state online poker agreement

By
Cynthia J. Dominguez
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0

fans of online poker in the Wolverine State are for a treat. The Michigan Gaming Control Commission announced that he had officially signed a multi-jurisdictional poker agreement.

This new contract allows Michigan online poker players to play against players from Delaware, Nevadaand New Jersey.

There are still a few procedural steps to take. However, the Executive Director of MGCB Henry Williams noted if the State World Series of Poker (WSOP) is ready in time players would be allowed to participate in next week’s NJ & NV bracelet events.

Michigan Online Poker Basics

So far there are three online poker operators in Michigan.

  • BetMGM Poker – MGM Grand Detroit
  • WSOP – Grand Traverse Band of Ottawa and Chippewa Indians
  • PokerStars – Small Groups of Odawa Indians in Traverse Bay

Following the signing of the deal, Williams had this to say:

“I am pleased to announce that Michigan has joined the Multi-State Poker Pact, and a large portion of the increased tax revenue from Multi-State Poker will go to support K-12 education in Michigan. By joining us, Michigan will almost double the potential pool of participants in multi-state poker games.

As for the launch of multi-state online pokeroperators must respect a five-page set of guidelines before receiving approval from the gaming commission.

“Operators still have work to do before Michigan residents can join multi-state poker games. The MGCB needs to ensure that Michigan residents are protected when playing multi-state poker, and we will apply the same rigor to reviewing the new offering as we have other internet games,” Williams said.

About the Multi-State Poker Agreement

The Multi-State Internet Gambling Agreement (MSIGA) allows online poker to be played across state lines. For now, only the WSOP uses this option in the three states and soon in Michigan as well.

Delaware, Nevada, and New Jersey have been part of this collective since 2017. The inclusion of Michigan means increased liquidity and larger player pools.

Following the announcement, Senator Curtis Hertel said:

“Michigan poker players will have more options and likely play for more money when they can compete against players from other states. I’m glad we were able to make this possible for Michigan poker players. .

Hertel sponsored SB-991, which amended the Internet Gaming Act to allow “multi-jurisdictional” gaming. The bill was then passed into law by Governor Gretchen Whitmer in 2020 and has become effective on March 24, 2021.

Booming Games, ELK and Microgaming release new titles in May

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Cynthia J. Dominguez
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The Slotegrator Partner Network is adding over 25 new games this month, all of which can be integrated into online casinos in a single session using APIgrator.

Booming Games, ELK and Microgaming are among the developers with new titles available this month via the APIgrator Slotegrator solution. New games from Amatic, BGaming and Spinomenal are also available for single-session integration via the game aggregator.

Operators who have already integrated APIgrator into their platform can simply notify Slotegrator’s business managers that they wish to activate the new games. New titles are the most popular among gamers when first released, so operators need to act quickly to update their game portfolios.

Spring is a time of rebirth, making it a poetic coincidence that two of this month’s titles feature the mythical phoenix – Phoenix Graveyard, by ELK, and Tom Horn’s Dragon vs. Phoenix.

It’s also a good month for players looking for something a little more classic. 777 Surge from Microgaming, Juicy Gems from Evoplay, Glowing Fruits from Spinomenal, 20 Bulky Fruits from EGT and Gambelicious Hold and Win from Booming Games offer plenty of 7s, bells, gems and fruits for players who prefer to play slots the old one.

Amatic’s Bounty Bonanza delivers western thrills, Booongo’s Magic Apple 2 immerses players in the classic fairy tale of Snow White and the Seven Dwarfs, and Pragmatic Play’s The Great Stick Up puts players in the middle of an old fashioned bank robbery.

A total of 28 new titles are available through APIgrator this month.

APIgrator is a game aggregation protocol that integrates a wide variety of games into an online casino platform in a single integration session. The protocol, which includes more than 5,000 games from more than 75 developers, is constantly updated with new development studios and new titles, including slots, table games, games with live dealers and virtual sports.

APIgrator is the most cost-effective game aggregation solution on the market. It offers licensed games in almost every jurisdiction in the world.

10 Frequently Asked Questions About Microgaming Sites

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Cynthia J. Dominguez
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Below are the most asked questions about Microgaming sites like Zodiac Casino and the answers you might be looking for.

Are they safe and legal?

Yes and yes. Microgaming sites are generally safe. Thus, it is essential to remember that there is always a risk of fraud when gambling online. Therefore, it would be best if you only play on reputable sites that have been in operation for a long time.

Additionally, you should never provide personal or financial information to anyone online.

Microgaming sites are also legal in most jurisdictions, but online gambling is still illegal in some places. Therefore, it is crucial to check your local laws before playing on any site.

Is there an age limit?

Yes, most sites have age restrictions. For example, you will generally need to be 18 or older to play on a Microgaming site. Additionally, you may need to provide identification to verify your age.

Do you need to download something?

You don’t need to download anything to play on a Microgaming site.

However, you may need to install Adobe Flash Player to play some games.

Also, you may need to have a fast internet connection to play the games smoothly.

Terms and minimum deposit required?

Most Microgaming sites accept a variety of payment methods, including credit cards, debit cards, e-wallets, and bank transfers. You will need to check with the site to see what methods are available.

The minimum deposit varies from site to site. You will need to check with the Microgaming site to see the minimum deposit.

However, it is usually between $20 and $50. Additionally, you may need to provide credit card information or make a deposit using an e-wallet service.

How and when can you receive my winnings?

You can withdraw your winnings at a Microgaming site. However, you may be required to pay a fee or meet specific requirementslike betting a certain amount of money, before doing so.

Also, the time it takes to receive your winnings depends on the payment method you used. For example, if you deposit with a credit card, you can receive your winnings within days.

However, if you made a deposit using an e-wallet service, you can receive your winnings within 24 hours.

What is the maximum withdrawal you can make?

The maximum withdrawal also varies from site to site. Again, you’ll need to check with the Microgaming site to see the details. Additionally, some payment methods may have maximum withdrawal limits that you must meet to use them.

Do you need to pay taxes on my winnings?

It depends on the country you live in. First, you should check with your local tax authority if you are liable to pay tax on your winnings. Additionally, some Microgaming sites may withhold taxes from your winnings before sending them to you.

However, there are some fees you should be aware of when playing at a Microgaming site. These include transaction fees for deposits and withdrawals, currency conversion fees, etc. But, again, you’ll need to check with the site to see what fees apply to your account.

Is there customer support available?

If you have a problem with a Microgaming site, you should first contact customer support. Most of them have customer service representatives who can help you solve your problem.

Customer support on Microgaming sites is generally exceptional. Most sites offer live chat, email, and phone support. Additionally, many sites have FAQ sections that can provide you with answers to common questions.

Can you play for free and anonymously?

Yes and no. Most Microgaming sites offer a free trial period. This allows you to test the games and see if you like them before making a deposit.

Additionally, many sites offer bonuses and promotions to help you save money on your deposits.

But, you cannot play anonymously on a Microgaming site. You will need to provide your personal information, including your name, address and date of birth.

Additionally, you may need to provide credit card information or make a deposit using an e-wallet service.

Is Microgaming addictive?

No, Microgaming is not addictive. However, like any form of gambling, it is essential to gamble responsibly and within your budget.

If you think you are risking more than you can afford to lose, or if gambling is having a negative impact on your life, we recommend that you seek help from a professional organization such as Gamblers Anonymous.


APAC, Europe, America (Region) Leads Online Poker Games Market Forecast 2021-2026

By
Cynthia J. Dominguez
-
0 
The research report on  Online Poker Game  market Size provides a thorough assessment of this business vertical. As per the study, the market is predicted to accumulate significant revenues and showcase a substantial growth rate during the estimated timeframe.


The document highlights the key industry trends while elaborating on the growth opportunities, sales volume, market size, and revenue estimations. Crucial insights pertaining to the growth avenues along with various market segmentations are described in the report.


The study also assesses the impact of COVID-19 pandemic on the profitability matrix of the  Online Poker Game  market.


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Citing the regional scope of the  Online Poker Game  market: 


The report delivers a granular analysis of the geographical landscape of the  Online Poker Game  market and divides the same into North, Europe, Asia-Pacific, South America, Middle East and Africa.
  • Vital data such as the yields generated by all the listed regions along with their respective market share are enlisted.
  • The growth rate and revenue estimates of each region over the forecast period are mentioned in the document.

Key Points of the Online Poker Games Market Report:

  • A comprehensive assessment of the online poker games market competitive arena is provided in the report focusing on market players such as 888 Poker, Playtika, Youda Games, Tapinator, Zynga, Appeak, Suprema Poker, Gazeus Games , Octro, Bwin, Microgaming, Betconstruct. , GammaStack, Softgamings, SBTech, EveryMatrix, Scientific Games, Evolution Gaming, NetEnt, BetSoft, Tencent and Boyaa Interactive.
  • The information related to the products developed by the leading companies and their respective application area are mentioned in the study.
  • Additional information such as market position as well as revenue generated by each company is required.
  • The study also highlights the pricing model as well as the profit graph of each company listed.
  • According to product type, the document divides the online poker games market into Texas Holdem, Omaha, AoF, 5-Card Draw, 7-Card Stud, Pineapple, and others.
  • The details regarding the industry share of each product fragment are cited in the report.
  • The document also analyzes the revenue generated as well as the sales model of each type of product.
  • Elaborating on the spectrum of applications, the document divides the online poker games market into gambling and entertainment.
  • Crucial information regarding accumulated returns as well as sales volume of all listed apps during the study period is highlighted in the report.
  • The document provides data related to business-centric attributes such as marketability rate as well as market concentration rate.
  • The marketing strategies implemented by the industry juggernauts are also investigated in the study.

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How to Negotiate Credit Card Debt

By
Cynthia J. Dominguez
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0

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own.

If you’re drowning in credit card debt, you may be able to settle with your creditors for less than you owe. Learn how to negotiate credit card debt. (Stock)

There’s no doubt about it — Americans love their credit card. Specifically, they love using these credit cards.

The average consumer had just over $5,200 in credit card debt in 2021, with credit card debt in the United States totaling $784.5 billion, according to Data from Experian.

Since high credit card indebtedness often creates a significant financial burden on households, what can credit cardholders do to alleviate this debt? One option is to negotiate your credit card debt to a lower level than you currently owe.

Here are some options for negotiating credit card debt, as well as other ways to manage your debt.

Consolidating high-interest debt with a personal loan is one way to manage credit card debt. Credible, it’s easy to view your prequalified personal loan rates from various lenders.

3 Options for Negotiating Debt Settlements and Agreements

Credit card companies can and do negotiate card debt with customers. To start the negotiation process, contact your credit card issuer directly to discuss your options.

Keep in mind that negotiating your credit card debt will likely have a negative effect on your credit. But any credit you gain from negotiating a credit card will likely be less damaging or lasting than other options, such as default or bankruptcy.

You have three main options for negotiate credit card debt. Which one is best for you will depend on your particular financial situation.

Hardship Agreement

When the going gets tough and you lose a job, get sick, or lose the ability to pay your credit card debt, it’s worth asking your credit card company if they offer a hardship plan.

With a credit card hardship agreement, your credit card issuer can suspend your payments or reduce your interest for a specific period of time. Once the crisis is over, you can start paying your credit card debt again according to the original terms set out in your credit card agreement.

  • Best for — Those who have fallen on hard times and need to temporarily suspend credit card payments
  • Disadvantages — Can be hard to find and even harder to negotiate, as not all creditors offer a hardship option

Lump sum payment

Another option if you’ve fallen behind on your credit card payments is to negotiate a lump sum settlement with your credit card company.

For example, if you owe an overdue balance of $5,000 on your credit card and let your card issuer know that you can pay $4,000 to settle the debt immediately, the credit card company can approve the settlement – as long as you follow through and make the agreed payment.

Note that your credit score may be affected by a lump sum payment agreement. Credit reporting agencies may record the payment as a partial payment and you will not pay the full amount owed on the credit card debt. Settled accounts can remain on your credit reports for up to seven years, but your score may recover.

  • Best for — Those who have cash on hand to settle large debts
  • Disadvantages — If you’re in a cash flow rut, it’s not easy to come up with thousands of dollars in cash to pay off a lump sum debt

5 WAYS TO IMPROVE YOUR CREDIT SCORE

Training agreement

You may be able to talk to your credit card company about a practice agreement, where your lender will renegotiate your terms. Credit card providers may agree to lower your interest rate or minimum payment amount as long as you meet the new payment terms.

By “doing” a deal, credit card companies get some of their money back.

  • Best for — Those who need time to get back on their feet financially
  • Disadvantages — Your lender may not want to negotiate a reorganization agreement

How to Negotiate Credit Card Debt

If you’re ready to negotiate your credit card debt, follow these steps:

1. Know where you stand

Don’t go into a credit card negotiation without knowing where you stand. Make sure you know the total amount of your credit card debt, your interest rate, and the minimum monthly payment amount. Read the fine print of your card contract before contacting your credit card company. This will let your card issuer know you’re serious about a deal and can improve your chances of a successful negotiation.

2. Check your options

Review the different credit card settlement options – a hardship plan, lump sum settlement, or sparring agreement – and decide which is right for you. If in doubt, consider talking to a credit counselor who can point you in the right direction.

3. Contact your credit card company

Once you have your credit card trading strategy in place, contact your credit card issuer and ask about their debt settlement or loss mitigation service. In general, a customer service representative is not the best person to discuss a settlement agreement with – you will need to speak to a manager or a debt settlement specialist.

4. Take notes and write everything down

Take thorough notes and use this information as leverage to make your point.

If you reach an agreement, ask your credit card company to officially confirm the terms of your negotiation in writing, either by e-mail, fax or by sending you a letter. Once you receive the documentation in writing, read it carefully. If anything seems off, contact your credit card company to resolve the issue.

If you’ve decided that a personal loan to consolidate your credit card debt is right for you, visit Credible for view your prequalified personal loan rates in minutes.

Why creditors may be willing to negotiate

Credit card companies may be willing to negotiate your credit card debt for several reasons :

  • Something is better than nothing. Credit card companies are open to negotiating debt because getting some of their money back is a better option than getting nothing back.
  • They don’t want to lose you as a customer. Good customers who are struggling financially can bounce back and start making regular payments again. Card issuers know this and are often willing to work with customers with temporary cash flow problems.
  • No warranty options. Since credit cards are an unsecured form of credit that does not require you to post collateral, a credit card company may be willing to negotiate with you as they are unable to take collateral if you do not make your payments by credit card. .

HOW OFTEN DOES YOUR CREDIT SCORE CHANGE?

Other Credit Card Debt Solutions

If you are unable to negotiate your credit card debt or if your card issuer does not offer any settlement options, there are other ways to manage credit card debt at high interest.

Balance transfer credit card

If you have high-interest credit card debt but decent credit, you may be able to transfer a high credit card balance to a new credit card with a 0% introductory APR. By transfer your credit card debt to a new cardyou can pay off your existing debt without accruing interest.

But keep in mind that if you don’t pay off the balance on the new card in full at the end of the promotional period, you’ll start earning interest at the card’s regular rate. It is important to consider some pros and cons of a balance transfer credit card before signing up:

  • Pro — With no interest payable during the introductory rate period, all of your card payments go towards paying off the balance, giving you the opportunity to pay off your debts faster.
  • Con — Balance transfer card transactions can come with a hefty balance transfer service fee, often 3% to 5% of the transferred amount.

Personal loan for debt consolidation

Another option for paying off credit card debt is to take out a Personal loan. You can pay off your credit card debt with the funds from the loan and then you will start making payments on the debt consolidation loan. These loans typically come with lower interest rates than credit cards, which can help you save money over time.

  • Pro — You will have fixed monthly payments and a fixed end date for the repayment of the loan.
  • Con — Once you use a personal loan to cover your credit card debt, you still have to repay your personal loan. Make sure monthly payments are within your budget so you don’t miss any payments, which could hurt your credit.

Credible allows you compare personal loan rates from multiple lenders, all in one place. And it won’t affect your credit score.

AP’s online lottery offers ‘Price Is Right’ and other new games

By
Cynthia J. Dominguez
-
0

Bob Barker. The great wheel. Showdown Showcase. Dollar auction. Plinko.

For most people, the mere mention of The price is right creates a flood of familiar images. The iconic Game To display has been on air since 1972entertaining audiences for five decades and more.

And now the Pennsylvania Lottery borrows the brand to bring a little more fun to state scratch tickets and PA iLottery games.

The Price is Right, a new online lottery match-style game, features images and many other elements from the legendary series. Players can win up to $300,000with prices that can multiply the total gain up to ten times. A Autoplay option allows users to play up to 20 laps. And there are also two different bonus games that can be unlocked.

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The Price is Right joins the PA Online Lottery

One of the game’s bonuses is a Ferris wheel multiplier that can increase yields in five different ways (2x, 3x, 5x, 8x and 10x). There are also two bonus games based on the game show staples, Plinko and cliff hangers.

At Plinko, the bonus is activated when at least three symbols appear during the game. Players can receive three, four or five turns. Each round, a token falls on the famous board and the players receive the total on which it lands.

The Cliff Hangers bonus is also activated when at least three of these symbols appear during the game. The maximum multiplier amount varies depending on the number of symbols that appear:

  • Three: 50x the amount of the game
  • Four : 250x the amount of the game
  • Five: 500x the amount of the game

During each Cliff Hanger bonus round, a yodeler will head up the mountain. If the yodeler lands on a white dotplayers will receive the price indicated on this point.

And like on the show, if the yodeler falls off the cliff, the game ends.

New lottery players can take advantage of several offers by registering for the PA online lottery today. You will get a $20 bonus before filing, and until another $500 through a deposit match.

The new title even includes a Quick play coupon promotionwhere you receive a $10 Fast Play coupon after playing $50 on The price is right.

New online games and scratch tickets from PA Lottery

If The Price is Right doesn’t catch your eye, there are also a number of other new PA Lottery games.

Here is a brief overview of the new titles:

New PA Lottery Online Games

Bucks in flowers

A connect style online game with a chance to multiply the total won up to five times. In the flower-themed game, players can also unlock up to five free games and two bonus games (the picnic basket and money tree). The amount of the game varies from $0.50 to $30.

cash booster

A style collection online game with a chance to multiply the total won up to 10 times and a maximum prize of $300,000. The amount of the game varies from $1 to $30. Players can boost their win by 2x, 5x or 10x and an autoplay feature allows them to play 5, 10, 15 or 20 games in a row.

New PA Lottery Scratch Games

instant lottery

A $10 scratch game with ten first prizes $500,000. The game features six winning numbers (dollar symbols) and 15 money bags that will eventually reveal your numbers. In addition to the big prizes (amounts of $500,000, $10,000, $1,000, $500, $400, $200), the game also offers lower payouts and a “lottery” symbol that can offer the 15 prizes.

Hot red rash

The $5 The scratch ticket features five flames which are the winning numbers and 12 dollar signs which represent your numbers. This game offers 10 first prizes of $200,000. A “hot” symbol adds $20 to your win and a “blowout” symbol wins the 12 prizes.

Find $50

The $2 scratch game promises 10 first prizes of $20,000. Two stars represent winning numbers and players will scratch to reveal eight numbers hidden behind dollar signs. A $50 symbol wins 50 dollars instantly. A magnifying glass symbol provides the eight total prizes. In addition to jackpots, this game offers 40 price of $1,000 and smaller amounts too.

LuckyX5

The $1 scratch ticket features 10 first prizes of $5,000. If a “lucky” symbol appears, players win the prize that is displayed. An “X5” symbol multiplies the total prize by five. This game will also provide 30 payments of $1,000 in addition to other prizes.

Whether you’re basking in the familiar nostalgia of The Price is Right or one of the other new games, the PA Lottery has plenty of ways to keep you entertained in the weeks ahead.

You can play a version of Plinko, frolic in some Bloomin’ Bucks, or maybe even get lucky five times. There are many ways to play. And lots of ways to win too.

Photo by: Associated Press/Damian Dovarganes

Online poker revenue holds steady ahead of summer months

By
Cynthia J. Dominguez
-
0

April earnings reports were promising across the board for the regulated U.S. online poker the operators. Online poker revenue reports showed consistency, staying close to March’s strong numbers.

PokerStars, partypoker american networkand WSOP.com are planning big summer tournaments with plenty of action in store for online players. In the United States, online poker is currently live and legal in the following states:

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New Jersey Online Poker Hits $2 Million Mark

In total, Garden State online poker sites published $2.2 million in April. The New Jersey Division of Gaming Enforcement (NJDGE) reports state results monthly.

The industry lost about $300,000 from March numbers. New Jersey currently has three online poker operators, including:

The Partypoker network has been the number one poker operator for three consecutive months. The company reported $805,128 for April, compared to $981,831 the previous month.

The operator recently launched the BetMGM Poker Championshipwhich is heading towards Aria in Vegas in June. The company is currently hosting satellites in each state, awarding up to 15 tournament packages in each state.

WSOP.com also saw a small month-over-month decline, reporting $788,798. Until Michigan joins the ranks, the site remains the only operator offering shared liquidity with Nevada and 888poker in Delaware. No updates have yet been released on a merged Michigan market.

The site pushes its monthly Online circuit series. All eligible circuit winners get a spot in the $1 million freeroll Tournament of Champions event, scheduled for July 18.

PokerStars has seen monthly growth in the state. The stars showed $661,006 for April, compared to $641,860 in March. The growth was a reflection of the popular Spring Championship of Online Poker (SCOOP) series. Currently, PokerStars runs the Bounty Builder Series in its three markets.

In New Jersey live poker stage, only three theaters are open in Atlantic City, including:

  • Borgata (offers weekly tournaments)
  • Harrah
  • Tropicana

No plans for guaranteed multi-day live events have been announced.

NJ Online Gambling Maintains Strength

April once again showed strong numbers for New Jersey online casinos and their partners, reporting $136.9 million In income. It’s a 27% increase compared to the same period last year.

The Borgata/BetMGM brand has been king for 14 consecutive months. BetMGM continues to be the best operator in the state and has shown $39.9 million for the month.

Gold nugget closely followed with $38.1 million. Resorts again held on to third place and posted $29.1 million.

According to the NJDGE, the overall gambling revenue reported by the casino, racetracks and partners was $422.5 million for April. That’s a 20% increase from $352.2 million in April 2021.

Gaming taxes account for 8% of gross taxable casino revenue and 15% of gross Internet gaming revenue.

PA Online Poker Ends Just Under $3 Million But Sets Game Record

Pennsylvania continued to hold the top US state for online poker revenue and was also up 22% year over year in iGaming. Keystone State reported poker revenue of $2.9 million for April, down a bit from March’s $3.2 million.

The Commonwealth currently has three online poker choices:

  • PokerStars
  • partypoker US Network via Borgata Poker and BetMGM skins
  • WSOP.com

PokerStars remained roughly even for the month, reporting $1.8 million. Stars partners with Mount Airy Casino and continues to be the leading operator in the state.

WSOP.com, partner of Harrah’s Philadelphia, was down from the $918,959 reported in March. For April, the site posted a total of $770,756.

The platform is not part of the combined New Jersey and Nevada player pool. The site continues to offer monthly online circuit series each month and will also be hosting online bracelet events this summer.

Partypoker US Network (BetMGM/Borgata Poker) is a common pool of players via partners Casino of the rivers and Penn National. The company was down slightly for the month and showed a result of $257,019.

Internet gaming in Keystone State has broken another record. The Pennsylvania Gaming Control Board (PGCB) reported aggregate revenue of $113 millionwhich broke last month’s record of $110 million.

Total March gaming revenue (online and live) was $461.6 million. The state recorded annual growth of 14.2%. According to the PGCB, April iGaming taxes alone were $47.2 million.

PA Poker Rooms Host a Series of Live Tournaments

Pennsylvania tournament players continue to see guaranteed big monthly tournaments. Here is an overview of live poker rooms open in Pennsylvania:

  • Parx Casino
  • Mohegan Sun Pocono
  • Mount Airy Casino Resort
  • Rivers Casino Philadelphia
  • Rivers Casino Pittsburgh
  • Meadows Racecourse and Casino
  • Philadelphia Live Casino
  • Wind Creek Bethlehem
  • Pittsburgh Live Casino

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Online gaming and poker thrive in Michigan

Michigan online poker continues to grow in the state. the Wolverine State broke another iGaming record in April. According to the Michigan Gaming Control Board (MGCB), online casinos and poker have introduced $132.4 million In income. That broke the previous monthly record of $131 million in March.

Online poker revenues are not reported separately, the report includes the combination of poker and online games. There are now three online poker operators in the state, including:

  • PokerStars
  • BetMGM (part of the American partypoker network)
  • WSOP.com

BetMGM also hosts satellite seat giveaways in Michigan. Players can win a place in Las Vegas this summer.

PokerStars finished the very first MISCOOP series and now also runs a Bounty Builder series. WSOP.com has launched the state’s first series of online circuits and is already attracting some great pitches. The site continues to hold monthly circuit events.

In other Michigan iGaming news, BetMGM had its best month yet and showed gross receipts of $49.9 million. FanDuel posted $21 million.

Total gaming operators produced $24.7 million in tax revenue and in local share to the State of which:

  • Taxes and Payments on Internet Gambling – $24.3 million
  • Taxes and Payments on Internet Sports Betting – $944,006

Several Michigan brick-and-mortar live poker rooms are open at casinos across the state, including charity rooms:

  • MGM Grand Detroit
  • Motor City Casino
  • Greek Town Casino
  • Odawa Petoskey Casino
  • Fire Keepers Casino
  • Island resort and casino

The Mid-States Poker Tour also recently announced a stop at FireKeepers in Battle Creek. The series offers a guaranteed million dollar event in May.

Delaware poker revenue, iGaming hit $1 million again

Online poker in first state reached $35,051 for online operators, down slightly from March’s $36,050.

For the second month in a row, the state reported online gaming revenue of more than $1 million. According to Delaware LotteryiGaming showed a network of more $1.2 million. New player registrations were strong with 841 in March.

In Delaware, 888poker operates three different skins in partnership with Delaware Racetrack Casinos, including:

  • Delaware Park
  • Bally’s Dover
  • Harrington Casino and Racecourse

Delaware Park experienced monthly growth with a report of $20,165. The online poker site continues to hold the top spot each month in the state for online poker for 2022.

Delaware Park is the only live poker room open in the state and is currently looking for dealers. The property offers $500 signing bonuses for those who can cast cards.

Sports Betting Software Market Size, Trends and Forecast to 2029

By
Cynthia J. Dominguez
-
0

New Jersey, United States – the Sports betting software market The report includes the upcoming challenges and opportunities in the market. It ensures a strengthened market position and a growing product portfolio by providing all the important details related to the market growth. It reveals some of the key insights and focuses on the impact of the COVID-19 crisis on different sectors of the economy. Identifying key business areas is the single most important factor in improving those areas and generating greater profits. This living market research provides an in-depth understanding of how new product offerings can fit into the market. It acts as the best guide and plays the leading role in almost all phases of the business cycle. It also becomes easy to effectively target customers to easily launch new products. This sports betting software market reports another key focus is to provide manufacturing solutions at all provincial and global levels.

A comprehensive overview of market conditions and various business-related elements is covered in this Sports Betting Software market research report. It enables business actors to reach target groups and provides all important details about customers and competitors. Quantitative research methods are used to conduct this market research to provide accurate market data and problem solving. The Sports Betting Software Market report helps to identify major regions such as Asia-Pacific, North America, Europe, Middle East, Africa and Latin America where new actors and merchants can develop their activities. Moreover, it performs in-depth analysis and provides market size, market dynamics, and market share.

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Also, the market share of each industry over the forecast period is discussed. This market report also provides insights on industry dynamics, market share, growth prospects and challenges. It also conducts market research to determine the growth models, approaches, and techniques used by key players. The most important statistics in the industry trends report provide the ideal reference for businesses. Apart from company profile, capacity, production rate, product value and specifications, the report covers other important parameters.

Key Players Mentioned in the Sports Betting Software Market Research Report:

Playtech, Microgaming, Betconstruct, Softgamings, Betsys, BetRadar, SBTech, Digitain, GammaStack, EveryMatrix.

Sports Betting Software Market Segmentation:

Sports Betting Software Market, By Type

• On the site
• Cloud-based

Sports Betting Software Market, By Application

• Online Bookmakers
• Game operators

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Scope of the Sports Betting Software Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Answers to key questions in the report:

1. Who are the top five players in the sports betting software market?

2. How will the sports betting software market develop in the next five years?

3. Which product and which application will capture the lion’s share of the sports betting software market?

4. What are the Sports Betting Software Market Drivers and Restraints?

5. Which regional market will show the strongest growth?

6. What will be the CAGR and size of the sports betting software market throughout the forecast period?

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At Verified Market Research, we help in understanding holistic market indicator factors and most current and future market trends. Our analysts, with their deep expertise in data collection and governance, use industry techniques to gather and review data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject matter expertise and years of collective experience to produce informative and accurate research.

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Strategies for Paying Off Credit Card Debt Before Interest Rates Rise

By
Cynthia J. Dominguez
-
0

Interest rates are expected to rise again, making this a good time to pay off high-cost credit card debt as soon as possible.

Annual percentage rates on credit cards are currently just over 16%. Given that the Federal Reserve is in a rate-hike cycle, with half-point increases on the table for every remaining meeting this year, APRs are likely to rise.

They could even exceed the current record of 17.87% set in April 2019.

Learn more about Investing in You:
What consumers plan to cut if prices continue to rise
Inflation could negatively impact Americans’ long-term goals
As Inflation Hits Small Businesses, Here’s How They’re Reacting

This could pose a problem for Americans with unpaid bills. Credit card balances hit $841 billion in the first three months of the year, according to a report from the Federal Reserve Bank of New York. During the same period, 229 million people opened new credit card accounts, an increase from the previous quarter.

“The biggest key to getting out of credit card debt is not paying high interest on that debt,” said personal finance expert Suze Orman.

Look for lower interest rates

One of the first steps Orman advises anyone looking to reduce their credit card debt is to see if you can lower your interest rates.

This will help you pay off your debt faster and ensure that more of your money goes to paying off what you owe, instead of earning interest.

There are several ways to do this, such as a balance transfer to another credit card with 0% interest rate for a certain period, taking out a personal loan with a lower interest rate to pay off your credit balance or working with a credit counselor to consolidate your debts with a lower rate.

These options will depend on your personal situation and credit score, Orman said. For those with lower scores, she recommends contacting the National Foundation for Credit Counseling for help lowering your interest rate and getting a payment plan.

Choose a method

According to John Scherer, a certified financial planner and founder of Trinity Financial Planning in Madison, Wisconsin, if you’re going to pay off debt while keeping your cards open, there are generally two methods people use to clear a balance.

The first is to round up all your outstanding debts by balance and pay off the smallest first.

“Then you get momentum,” Scherer said. “You see some of these things falling off the books, and it feels really good.”

The second model, which Scherer says is what he personally recommends to clients, is to look at all your outstanding debts and pay off the one with the highest interest rate first. Over time, this means you’ll pay less money to eliminate your debt because you’re tackling the highest interest rates right away.

Orman also recommends this approach. It says to round up your credit card debt and add up all minimum payments due each month. From there, add 20% or more to your total payment and apply it to the debt with the highest interest rate. Once that’s paid, transfer that extra payment to the next card, then to the next until it’s all cleared.

Build up personal savings

“What you might want to do is take all your credit cards, put them in a plastic bag and put them in the freezer,” says personal finance expert Suze Orman.

studio casper | Istock | Getty Images

The mobile gaming market is ready for more growth: Microgaming, Ladbrokes, Betfair, Unibet, 888 Holdings

By
Cynthia J. Dominguez
-
0

This press release was originally issued by SBWire

New Jersey, United States — (SBWIRE) – 05/13/2022 – The latest market research released on the Global Mobile Gaming Market provides insight into the current market dynamics in the mobile gaming space, as well as what our survey respondents – all Outsourcing makers – predict the market will look like in 2027. The study analyzes the market based on revenue and volume (if applicable) and price history to estimate the size and analysis of trends and identify gaps and opportunities. Some of the players covered in the study are 888 Holdings (Spain), Bet-at-home.com (Germany), Bwin.Party (UK), Ladbrokes (UK), Betfair (UK), Unibet (Malta), William Hill (UK), Microgaming (UK), RabCat (Austria), Ganapati Gaming (Malta), etc.

The explored study is a perfect blend of qualitative and quantitative market data collected and validated mainly through primary data and secondary sources.

Sample Free Report + All Related Charts & Graphs @: https://www.advancemarketanalytics.com/sample-report/15840-global-mobile-gambling-market

Definition of the mobile game market:
Mobile Gambling is nothing but an online casino, where players can play games and have chances to win money. Many casino apps are available online and can be played with tablets, computers and smartphones. Launched after 2013, a large number of casino operators have ventured into mobile gaming applications to gain maximum market share. It offers players the ability to play from anywhere at any time.

In the latest edition of this report, you will be entitled to receive an additional chapter/commentary on the latest scenario, economic downturn and the impact of COVID-19 on the overall industry. Furthermore, it will also provide qualitative insights on when the industry might get back on track and what possible steps industry players are taking to address the current situation. Each of the segment analysis charts for the forecast period also has a high % impact on growth.

This research is categorized differently considering the various aspects of this market. It also assesses the future situation considering the company’s project pipelines, long-term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used to analyze the Global Mobile Gambling Market research report include SWOT analysis.

Influential trend:
– Online gambling applications resulting in increased government revenue in the form of taxes
– Provision of cash alternatives

Challenges:
– Unreliable payments and security
– Authentication difficulties
–
Opportunities:
– Opportunities in emerging economies
– Availability without constraints of time and place
–
Market Growth Drivers:
– Increased customer spending capacity
– Increased adoption of mobile gaming among younger population
– Relaxation of government regulations

Regulatory information:
The Indian government has outlined Foreign Direct Investment (FDI) in the e-commerce sector in India. The FDI has restricted lottery activity, including government or private lottery, online lotteries, and gaming and betting, including betting clubs. Furthermore, the central government of India has refused to take legal action on the legality or wrongdoing of online deceptions and mobile/online games in India.

The global mobile game segments and market data breakdown are illustrated below:
by Type (Online Betting (Horse Racing, Football, Boxing, Others), Online Casino (Blackjack, Baccarat, Roulette, Slots, Others), Online Lottery, Online Poker (Texas Hold’em, Pot-Limit Omaha, Seven-Card Stud, others), others), platform (smartphones, tablets, cellphones), end user (gaming enthusiasts, social exuberants, dabblers)
….
….

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The regional analysis of the Global Mobile Gaming Market is considered for the key regions such as Asia-Pacific, North America, Europe, Latin America and Rest of the World. North America is the first region in the world. Whereas, due to the increase no. research activities in countries such as China, India, and Japan, the Asia-Pacific region is also expected to show a higher growth rate during the forecast period 2021-2027.

Report Highlights:
– A comprehensive background analysis, which includes an assessment of the parent market
– Significant changes in market dynamics
– Market segmentation down to the second or third level
– Historical, current and projected market size from a value and volume perspective
– Report and assessment of recent industry developments
– Market shares and strategies of key players
– Emerging niche segments and regional markets
– An objective assessment of the trajectory of the market
– Recommendations to companies to strengthen their presence in the market

Strategic Points Covered in Table of Content of Global Mobile Gaming Market:
Chapter 1: Introduction, Product Market Driving Force Study Objective and Research Scope of Mobile Gaming Market
Chapter 2: Exclusive Summary – the basic information about the mobile game market.
Chapter 3: Displaying Market Dynamics – Drivers, Trends and Mobile Gaming Challenges and Opportunities
Chapter 4: Introducing the Mobile Gaming Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Product Display by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of Mobile Gaming Market which includes its Competitive Landscape, Peer Group Analysis, BCG Matrix and Company Profile
Chapter 7: To assess the market by segments, by countries and by manufacturers/company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Viewing the appendix, methodology and data source

Finally, Mobile Gambling Market is a valuable source of advice for individuals and businesses.

Get more information: https://www.advancemarketanalytics.com/reports/15840-global-mobile-gambling-market

Answers to key questions
– Who are the leading key players and what are their key business plans in the Global Mobile Gaming Market?
– What are the key concerns of the Five Forces Analysis of the Global Mobile Gaming Market?
– What are the various prospects and threats faced by the dealers in the Global Mobile Gaming market?
– What are the strengths and weaknesses of the main suppliers?

Ultimately, this report will give you an unequivocal perspective on every market reality without the need to hint at any other research report or news source. Our report will give you all the realities of the past, present and eventual fate of the relevant market.

Thank you for reading this article, we can also provide a customized report according to specific business needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.

For more information on this press release, visit: http://www.sbwire.com/press-releases/mobile-gambling-market-set-for-more-growth-microgaming-ladbrokes-betfair-unibet-888-holdings-1357565.htm

What to expect from online bingo games in the modern age?

By
Cynthia J. Dominguez
-
0

It may be approaching its 500th anniversary, but bingo shows no signs of slowing down just yet.

This iconic game has undoubtedly come a long way since it originated as a 16th century Italian lottery.

Fast forward to today and one of the best bingo sites at 888ladies highlights how much the game has changed over its history.

Read on to discover the history of bingo and assess how advancements in technology have helped propel the game into another stratosphere.

An introduction to bingo

Bingo has its roots in “Il Giuoco del Lotto d’Italia” – an Italian lottery game that later spread its wings to several other European countries.

It finally crossed the Atlantic Ocean at the turn of the last century, finding favor with visitors to local fairs and carnivals.

A version of bingo was spotted by New York car salesman Edwin Lowe, who tweaked the game to create the version played by millions of people today.

Its creation became the go-to entertainment business in the UK and USA during the 20th century, although its growth was not without challenges.

Easing of gambling laws sparks bingo boom

One of the biggest problems bingo faced in the 1900s was the presence of restrictive gambling laws in the United Kingdom and the United States.

Governments frowned on bingo as a commercial activity, forcing the game underground as people sought to circumvent the rules.

The revision of gambling laws in the UK in the 1960s transformed the landscape, providing a platform for bingo to become a global phenomenon.

Bingo halls have opened around the world as gambling operators clamor to take a piece of the action for themselves.

The draw threatens the future of bingo

While bingo has proven hugely popular, it’s safe to say that its working-class image has become a major issue as the new millennium approaches.

People started to get much more ambitious when it came to entertainment pursuits, and the future of bingo looked seriously threatened.

Other factors such as lack of investment in upgrading halls and banning smoking in public places have also derailed the bingo industry.

However, technology has emerged as a savior for the bingo industry, helping to resurrect the game’s fortunes and bring it back to the forefront of public consciousness.

Internet saves bingo bacon

It would have been brave to predict that the advent of the Internet would have such a transformative impact on the fortunes of bingo.

Inspired by the success of other forms of online gambling, gambling operators and developers soon realized that the Internet offered a wealth of possibilities.

While the early bingo sites didn’t offer too much excitement, they were undoubtedly the precursor to what has become a massive industry in its own right.

Advances in software capabilities, better payment security and improved Wi-Fi connectivity have all played a major role in bingo’s resurgence.

Bingo in the mobile age

Image via Pexels

Improvements in smartphone capabilities were arguably the most important factor in the bingo boom of the 21st century.

People can now play bingo games whenever and wherever they want, making the game much more accessible than before.

This has helped attract a different demographic of players to bingo, helping it become one of the biggest growth areas in the gaming industry.

Once considered the preserve of the working classes, bingo is now one of the most inclusive entertainment activities on the planet.

Embrace the social side of bingo

When bingo reached its peak in the second half of the 20th century, the social aspect of the game was one of its main attractions.

People would use bingo as a way to get together with friends and family on a regular basis, and this philosophy has been expertly incorporated into online bingo.

Game operators use the latest instant messaging software to allow players to interact with each other, recreating the social element of gaming in a digital environment.

With some sites exploring how video chat technology can be incorporated into online bingo, the game will continue to provide people with a way to socialize for many years to come.

Bingo of the future

Since bingo seemed to be on its knees at the turn of the last century, the last two decades have witnessed quite a remarkable transformation.

Digital technology has proven to be a boon, allowing gaming operators to develop increasingly immersive online bingo sites.

They are unlikely to rest on their laurels, especially since technology is now advancing at quite a ridiculous rate.

Among the most significant changes seen in recent years is the evolution from standard variants such as 90 ball bingo to crossovers with other games.

These include Slingo and Flash Fives, each of which was a big hit. More such innovations are likely to impact the industry in the coming years.

Virtual reality (VR) technology has also been widely seen as the next big thing in bingo, with supporting hardware now capable of delivering stunning gaming experiences.

Some virtual reality social bingo games have already launched online and real money games are unlikely to be added before real money games are added.

While digital technology is expected to continue to advance over the next few years, these are exciting times for a game that continues to conjure the sands of time.

What to expect from online bingo games in the modern era?

By
Cynthia J. Dominguez
-
0

It may be approaching its 500th anniversary, but bingo shows no signs of slowing down just yet.

This iconic game has undoubtedly come a long way since it originated as a 16th century Italian lottery.

Fast forward to today and one of the best bingo sites at 888ladies highlights how much the game has changed over its history.

Read on to discover the history of bingo and assess how advancements in technology have helped propel the game into another stratosphere.

An introduction to bingo

Bingo has its roots in “Il Giuoco del Lotto d’Italia” – an Italian lottery game that later spread its wings to several other European countries.

It finally crossed the Atlantic Ocean at the turn of the last century, finding favor with visitors to local fairs and carnivals.

A version of bingo was spotted by New York car salesman Edwin Lowe, who tweaked the game to create the version played by millions of people today.

Its creation became the go-to entertainment business in the UK and USA during the 20th century, although its growth was not without challenges.

Easing of gambling laws sparks bingo boom

One of the biggest problems bingo faced in the 1900s was the presence of restrictive gambling laws in the United Kingdom and the United States.

Governments frowned on bingo as a commercial activity, forcing the game underground as people sought to circumvent the rules.

The revision of gambling laws in the UK in the 1960s transformed the landscape, providing a platform for bingo to become a global phenomenon.

Bingo halls have opened around the world as gambling operators clamor to take a piece of the action for themselves.

The draw threatens the future of bingo

While bingo has proven hugely popular, it’s safe to say that its working-class image has become a major issue as the new millennium approaches.

People started to get much more ambitious when it came to entertainment pursuits, and the future of bingo looked seriously threatened.

Other factors such as lack of investment in upgrading halls and banning smoking in public places have also derailed the bingo industry.

However, technology has emerged as a savior for the bingo industry, helping to resurrect the game’s fortunes and bring it back to the forefront of public consciousness.

Internet saves bingo bacon

It would have been brave to predict that the advent of the Internet would have such a transformative impact on the fortunes of bingo.

Inspired by the success of other forms of online gambling, gambling operators and developers soon realized that the Internet offered a wealth of possibilities.

While the early bingo sites didn’t offer too much excitement, they were undoubtedly the precursor to what has become a massive industry in its own right.

Advances in software capabilities, better payment security and improved Wi-Fi connectivity have all played a major role in bingo’s resurgence.

Bingo in the mobile age

Image via Pexels

Improvements in smartphone capabilities were arguably the most important factor in the bingo boom of the 21st century.

People can now play bingo games whenever and wherever they want, making the game much more accessible than before.

This has helped attract a different demographic of players to bingo, helping it become one of the biggest growth areas in the gaming industry.

Once considered the preserve of the working classes, bingo is now one of the most inclusive entertainment activities on the planet.

Embrace the social side of bingo

When bingo reached its peak in the second half of the 20th century, the social aspect of the game was one of its main attractions.

People would use bingo as a way to get together with friends and family on a regular basis, and this philosophy has been expertly incorporated into online bingo.

Game operators use the latest instant messaging software to allow players to interact with each other, recreating the social element of gaming in a digital environment.

With some sites exploring how video chat technology can be incorporated into online bingo, the game will continue to provide people with a way to socialize for many years to come.

Bingo of the future

Since bingo seemed to be on its knees at the turn of the last century, the last two decades have witnessed quite a remarkable transformation.

Digital technology has proven to be a boon, allowing gaming operators to develop increasingly immersive online bingo sites.

They are unlikely to rest on their laurels, especially since technology is now advancing at quite a ridiculous rate.

Among the most significant changes seen in recent years is the evolution from standard variants such as 90 ball bingo to crossovers with other games.

These include Slingo and Flash Fives, each of which was a big hit. More such innovations are likely to impact the industry in the coming years.

Virtual reality (VR) technology has also been widely seen as the next big thing in bingo, with supporting hardware now capable of delivering stunning gaming experiences.

Some virtual reality social bingo games have already launched online and real money games are unlikely to be added before real money games are added.

With digital technology set to continue advancing over the next few years, these are exciting times for a game that continues to ward off the sands of time.

Consumer credit card debt nears record high

By
Cynthia J. Dominguez
-
0

To cope with rising prices, many consumers are looking to their credit cards.

Credit card balances grew year-over-year, reaching $841 billion in the first three months of 2022, according to data released Tuesday by the Federal Reserve Bank of New York.

Although sales have fallen slightly from their level at the end of 2021 after the peak holiday shopping season, they should continue to increase from here, according to researchers at the New York Fed.

“There’s a good chance that Americans’ total credit card balances will soon hit a new all-time high, marking a sharp reversal from the precipitous drop that occurred in 2020 and early 2021,” Ted said. Rossman, senior industry analyst at CreditCards.com.

Learn more about personal finance:
More Americans are running out of money as the cost of living rises
Why there’s pressure to forgive student loans but not other debt
Americans say inflation could have a ‘significant negative impact’

An additional 229 million new credit card accounts were also opened in the first quarter, up from the previous quarter and above pre-pandemic levels.

Many accounts have been closed during the pandemic, so it’s no surprise to see more new accounts now, according to New York Fed researchers.

However, rising borrowing, along with auto loans, student debt and mortgages, pushed total household debt to a record $15.84 trillion at the start of the year.

After consumers paid off $83 billion in credit card debt during the pandemic, helped by government stimulus checks and fewer discretionary shopping opportunities, credit card balances have steadily increased amid higher prices for gasoline, groceries, and housing, among other necessities.

“A lot of that is due to robust consumer spending, of course, but credit and debit cards have both been helped by the growth of e-commerce and the continued migration of cash,” Rossman said. “It’s great if you can pay in full, avoid interest, and earn rewards, but it can be very expensive if you pay interest every month.”

In fact, credit card rates will only rise as the Federal Reserve raises interest rates in an effort to reduce inflation, which is at its fastest pace in more than 40 years.

Since most credit cards have a variable annual percentage rate, there is a direct link to the Fed’s benchmark.

APRs are currently just over 16%, on average, but could well exceed 18% by the end of the year – which would be an all-time high, according to Rossman.

To date, the record is 17.87%set in April 2019.

“With runaway inflation and rising interest rates, things will get worse before they get better,” said Matt Schulz, chief credit analyst at LendingTree.

If you have a balance, try calling your card issuer to request a lower rate, consolidate and pay off high interest credit cards with a lower interest rate. home equity loan or a personal loan or switch to an interest-free balance transfer credit card, he advised.

“Consumers need to act now to reduce this credit card debt because it’s only going to get more expensive — and rushed,” Schulz said.

To develop better credit card habits, be sure to pay your balance on time and in full each month and only make purchases that you can afford to repay, noted Holly O’Neill, president of the bank of retail at Bank of America.

“Spending within your means will leave you with more money at the end of each month and help reduce your debt,” she said. “As a bonus, spending less than your limit will also help you build a stronger credit score.”

(Here’s why your credit score matters and five ways to improve it.)

Subscribe to CNBC on YouTube.

LRWC revamps BingoPlus brand months after online bingo launched

By
Cynthia J. Dominguez
-
0

Months after gaining approval to operate the first online bingo offering in the Philippines, Leisure & Resorts World Corp (LRWC) has announced that it is revamping its BingoPlus brand to tap into the savvy mobile gaming customer.

In a press release issued in late April, LRWC said it had updated BingoPlus’ logo to “meet today’s growing demand for a mobile environment that complements different digital spaces.”

The new BingoPlus logo is meant to “represent the brand’s fun, lively and dynamic products”.

The revamped brand aims to meet the demands of both offline and online usage and has the ability to maximize growth in the mobile-first environment in multiple markets, LRWC said.

“BingoPlus’ new look is to maintain familiarity with a more up-to-date look and feel focused on the wide variety of touchpoints that will make our presence felt both online and offline. We are thrilled with this change and look forward to to see what it brings,” said Andy Tsui, President of LRWC.

Earlier this year, Leisure & Resorts World Corp. (LRWC) has announced that it has received approval to launch the first online bingo offering in the Philippines, as the country expands its domestic online gambling market.

The license was awarded to the AB Leisure unit of LRWC by Philippines Amusement & Gaming Corp. AB Leisure recently hosted the soft launch of its BingoPlus line, which offers traditional bingo games online. At the time, the company said that online bingo should be one of the main sources of revenue for the company in the future.

ASEAN Gaming Summit

Online Gaming Software Market Share 2022-2029

By
Cynthia J. Dominguez
-
0

The Latest Market Research Report analyzes the Online Gaming Software Market Demand by Different Segments Size, Share, Growth, Industry Trends and Forecast to 2028 in its database, which depicts a systematic picture of the market and provides an in-depth explanation of the various factors that are expected to drive the growth of the market. The Universal Online Gaming Software Market Research Report is a high quality report containing in-depth market research. It presents a definitive solution to obtain market insights with which the market can be visualized clearly and thus important decisions for the growth of the business can be taken. All data, facts, figures and information covered in this business document are supported by renowned analytical tools including SWOT analysis and Porter’s five forces analysis. A number of steps are utilized while preparing the Online Gambling Software report considering the feedback from a dedicated team of researchers, analysts, and forecasters.

Get | Download Sample Copy with TOC, Charts and List of Figures @ https://www.marketresearchintellect.com/download-sample/?rid=198209

The predicted sale of a product is also included in this Online Gaming Software market report which helps market players to bring new products to market and avoid errors. It suggests which parts of the business need to be improved for the business to succeed. It’s also easy to discover a new chance to stay ahead of the market, and this market research report provides the latest trends to help you place your business in the market and gain a significant advantage. .

One of the crucial parts of this report includes the discussion of the leading vendor of the Online Gaming Software industry on the brand summary, profiles, market revenue and financial analysis. The report will help market players to develop future business strategies and learn about the global competition. A detailed market segmentation analysis is done on producers, regions, type and applications in the report.

Key Players Covered in Online Gaming Software Markets:

  • Igt
  • playtech
  • Micro game
  • Betconstruct
  • Softgamings
  • Betsys
  • betradar
  • Sbtech
  • Digitain
  • Gamma Stack
  • Each die
  • Sb betting software
  • Novomatic

Global Online Gaming Software Market Segmentation:

Online Gaming Software Market Breakdown by Type:

Online Gaming Software Market Split By Application:

  • Online bookmakers
  • Game operators

The analysis of the study has been carried out around the world and presents the current and traditional growth analysis, competition analysis and growth prospects of the central regions. With industry-standard analytical accuracy and high data integrity, the report offers an excellent attempt to highlight major opportunities available in the global Online Gaming Software Market to assist players in establishing strong positions in the market. Buyers of the report can access verified and reliable market forecasts, including those regarding the overall size of the global Online Gaming Software market in terms of sales and volume.

Get | Discount on the purchase of this report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198209

Scope of Online Gaming Software Market Report

Report attribute Details
Market size available for years 2022 – 2030
Reference year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD Million and CAGR from 2022 to 2030
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

The analysis of the regional online gaming software market can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global online gaming software market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

For more information or query or customization before buying, visit @ https://www.marketresearchintellect.com/product/global-online-gambling-software-market-size-and-forecast/

About Us: Market Research Intellect

Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing personalized and in-depth research studies.

Our advanced analytical research solutions, personalized advice and in-depth data analysis cover a range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and beverages . Etc

Our research studies help our clients make superior data-driven decisions, understand market forecasts, take advantage of future opportunities and optimize efficiency by working as a partner to deliver accurate and valuable insights without compromise.

Having served over 5000 clients, we have provided reliable market research services to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:
Mr. Edwyne Fernandes
USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US toll free: +1 (800)-782-1768

Website: –https://www.marketresearchintellect.com/

4 in 5 shoppers are turning to buy now, pay later to avoid credit card debt: Experian

By
Cynthia J. Dominguez
-
0

Buy Now, Pay Later (BNPL) services offer consumers the opportunity to avoid racking up high-interest credit card debt, according to recent survey data. But these payment plans can have costly consequences for missed payments. (iStock)

Buy Now, Pay Later (BNPL) allows buyers to split the cost of their purchase into smaller installments, often with little or no interest or fees. Consumers are increasingly turning to this payment option as it is adopted by major online retailers and traditional banks.

While BNPL is still behind on credit cards and mobile wallets, a new report from Experian said this alternative financing option is “here to stay”. Nearly one-fifth (18%) of global consumers have used BNPL in the past six months, and 57% of respondents said BNPL could replace their traditional credit card.

Additionally, 80% of US shoppers said their main reason for using BNPL was to avoid credit card debt.

Keep reading to learn more about this emerging payment method, as well as what consumers need to know before entering into a BNPL financing deal. And if you’re having trouble making BNPL payments or paying off high-interest credit cards, you might consider consolidating your debt into a personal loan. You can read more about debt consolidation on Credible.

MORE THAN HALF OF GEN Z CONSUMERS THINK BNPL ENCOURAGES BAD SPENDING HABITS

BNPL usage rises, but regulators worry about debt burden

Buy now, pay later has grown in popularity over the past few years, with usage increasing by around 300% per year since 2018. Bloomberg reported. And although BNPL has traditionally been an online financing tool, it is increasingly available in physical retail stores and even at gas pumps.

As BNPL is increasingly embraced by consumers and retailers, banking regulators have expressed concern that it could pose a debt trap for consumers who cannot afford installment arrangements. short term.

“Unaffordable credit can provide a quick influx of cash, but over the longer term – which in BNPL’s case might just be a few weeks or months down the road – unregulated fintech products can add to the burden debt from already debt-burdened consumers,” said Mike Calhoun, president of the Center for Responsible Lending (CRL).

The Consumer Financial Protection Bureau (CFPB) is investigating this credit option, collecting information from five BNPL providers – Affirm, Afterpay, Klarna, PayPal and Zip – to determine the risks and benefits for its users.

If you are struggling to repay your BNPL debt, you can consider consolidating it into a single monthly payment via a fixed rate personal loan. You can use Credible’s personal loan calculator to estimate your repayment terms.

5 BENEFITS OF HAVING A GOOD CREDIT SCORE

30% of BNPL users cannot afford to pay

Although BNPL users may benefit in the short term from splitting large purchases into an installment plan, the data suggests that bank advocates may be justified in their concern. Nearly a third (30%) of BNPL users cannot pay their payments, according to a recent survey.

And while excessive borrowing can result in late fees and high interest, another study claimed that 36% of BNPL users are unaware of these consequences and that many BNPL companies do not perform thorough credit checks.

“Too many people take out these loans without realizing the impact it could have on their finances,” said Antony Stephen, CEO of Barclays Partner Finance.

Some Americans using BNPL could potentially face negative impacts on their credit score, with more major credit bureaus like Equifax and TransUnion adopting BNPL payment history in their underwriting process.

If you are unable to pay your BNPL installments, you may consider opening a debt consolidation loan. It’s a type of unsecured personal loan that you repay in fixed monthly installments over a set period of time, usually a few years. You can browse personal loan interest rates in the table below and visit Credible to compare offers for free without affecting your credit score.

HARD CREDIT CHECKS VS. SOFT CREDIT CHECKS: WHAT YOU NEED TO KNOW

Do you have a financial question, but you don’t know who to contact? Email the Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.

Impact of Interest Rates on Credit Card Debt – WRGB

By
Cynthia J. Dominguez
-
0

Impact of Interest Rates on Credit Card DebtWRGB

Online Casino Software Market Overview 2022-2029 | Key Players – Igt, Playtech, Microgaming, Betconstruct, Softgamings

By
Cynthia J. Dominguez
-
0

Latest Market Research Report Analyzes Online Casino Software Market Demand by Different Segments Size, Share, Growth, Industry Trends and Forecasts to 2028 in its Database, Which Depicts a Systematic Picture of the Market and provides an in-depth explanation of the various factors expected to drive the market growth. The Universal Online Casino Software Market Research Report is a high-quality report containing in-depth market research. It presents a definitive solution to obtain market insights with which the market can be visualized clearly and thus important decisions for the growth of the business can be taken. All data, facts, figures and information covered in this business document are supported by renowned analytical tools including SWOT analysis and Porter’s five forces analysis. A number of steps are utilized while preparing the Online Casino Software report considering the feedback from a dedicated team of researchers, analysts, and forecasters.

Get | Download Sample Copy with TOC, Charts and List of Figures @ https://www.marketresearchintellect.com/download-sample/?rid=198205

The predicted sale of a product is also included in this Online Casino Software market report, which helps market players to bring new products to market and avoid mistakes. It suggests which parts of the business need to be improved for the business to succeed. It’s also easy to discover a new chance to stay ahead of the market, and this market research report provides the latest trends to help you place your business in the market and gain a significant advantage. .

One of the crucial parts of this report includes Online Casino Software industry leading vendor’s discussion of brand summary, profiles, market revenue and financial analysis. The report will help market players to develop future business strategies and learn about the global competition. A detailed market segmentation analysis is done on producers, regions, type and applications in the report.

Key Players Covered in Online Casino Software Markets:

  • Igt
  • playtech
  • Micro game
  • Betconstruct
  • Softgamings
  • Betsys
  • betradar
  • Sbtech
  • Digitain
  • Gamma Stack
  • Each matrix
  • Sb betting software
  • Novomatic

Global Market Segmentation Online Casino Software:

Online Casino Software Market Breakdown by Type:

Online Casino Software Market Split By Application:

The analysis of the study has been carried out around the world and presents the current and traditional growth analysis, competition analysis and growth prospects of the central regions. With industry-standard analytical accuracy and high data integrity, the report offers an excellent attempt to highlight major opportunities available in the Global Online Casino Software Market to assist players in establishing strong positions in the market. Buyers of the report can access verified and reliable market forecasts, including those regarding the overall size of the global Online Casino Software market in terms of sales and volume.

Get | Discount on the purchase of this report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198205

Scope of the Online Casino Software Market Report

Report attribute Details
Market size available for years 2022 – 2030
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD Million and CAGR from 2022 to 2030
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

The analysis of the regional online casino software market can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global online casino software market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

For more information or query or customization before buying, visit @ https://www.marketresearchintellect.com/product/global-online-casino-software-market-size-and-forecast/

About Us: Market Research Intellect

Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing personalized and in-depth research studies.

Our advanced analytical research solutions, personalized advice and in-depth data analysis cover a range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and beverages . Etc

Our research studies help our clients make superior data-driven decisions, understand market forecasts, take advantage of future opportunities and maximize efficiency by working as a partner to deliver accurate and valuable insights without compromise.

Having served over 5000 clients, we have provided reliable market research services to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:
Mr. Edwyne Fernandes
USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
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Online Bingo Games Market Size and Forecast

By
Cynthia J. Dominguez
-
0

New Jersey, United States – Complete analyzes of the most dynamic Online bingo games market provide information that helps stakeholders identify opportunities and challenges. The 2022 markets could be another big year for online bingo games. This report provides an overview of the company’s activities and financial situation (a company profile is required if you want to raise capital or attract investors), recent developments (mergers and acquisitions) and recent SWOT analyses. This report focuses on the online bingo games market over the assessment period 2029. The report also provides an analysis of the online bingo games market growth which includes Porter’s five-factor analysis and l supply chain analysis.

It describes the behavior of the industry. It also outlines a future direction that will help companies and other stakeholders make informed decisions that will ensure strong returns for years to come. The report provides a practical overview of the global market and its changing environment to help readers make informed decisions about market projects. This report focuses on growth opportunities that allow the market to expand its operations in existing markets.

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The report helps both major players and new entrants to analyze the market in depth. This helps key players determine their business strategy and set goals. The report provides key market insights including niche growth opportunities along with Online Bingo Games market size, growth rate and forecast in key regions and countries.

The Online Bingo Games report contains data based on rigorous studies of primary and secondary schools using best research practices. The report contains exhaustive information which will enable you to evaluate each segment of the online bingo games market. This report has been prepared considering various aspects of market research and analysis. It includes market size estimates, market dynamics, and company and market best practices. Entry marketing strategy, positioning, segmentation, competitive landscape and economic forecasts. Industry-specific technology solutions, roadmap analysis, alignment to key buying criteria, in-depth vendor product benchmarking

Key Players Mentioned in the Online Bingo Games Market Research Report:

NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech, William Hill, Kindred, Amaya, Paddy Power Betfair

Online Bingo Games Market Segmentation:

By Product Type, the market is primarily split into:

• Poker
•Casino
• Sports betting
• Other

By application, this report covers the following segments:

• Entertainment
• Commercial
• Other

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Scope of Online Bingo Games Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Geographic segment covered in the report:

The Online Bingo Games report provides information on the market area, which is sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and rest of Latin America)
• Middle East and Africa (GCC and Rest of Middle East and Africa)

Answers to key questions in this Online Bingo Games Market report

  1. How much revenue will the Online Bingo Games Market generate by the end of forecast period?
  2. Which market segment is expected to have the maximum market share?
  3. What are the influencing factors and their impact on the Online Bingo Games market?
  4. Which regions are currently contributing the maximum share of the overall online bingo games market?
  5. What indicators are likely to drive the online bingo games market?
  6. What are the key strategies of the major players in the Online Bingo Games market to expand their geographical presence?
  7. What are the key advancements in the Online Bingo Games market?
  8. How do regulatory standards affect the online bingo games market?

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Games Global Ties Microgaming Portfolio and Distribution Branch

By
Cynthia J. Dominguez
-
0

Microgaming has completed the sale of its distribution business and online games portfolio to Games Global Limited, a games provider for the global casino market.

Important milestone for both companies

Thanks to this combination, Games Global is in possession of an extensive catalog of games developed by Microgaming and will have access to more than 900 global brands from all over the world with which the famous developer currently works. Commenting on this, Microgaming CEO Andrew Clucas said:

This is an exciting milestone for Microgaming and Games Global, and the culmination of months of hard work and dedication from teams on both sides. The online gaming industry will undoubtedly present a wealth of opportunities for Games Global, and we wish them the best on their journey ahead.

Microgaming CEO Andrew Clucas

Microgaming will remain committed to building platform systems and services for leading online gaming brands, including Games Global and its own portfolio of customers. Microgaming will remain focused on providing the infrastructure necessary to operate some of the strongest gaming brands in the world.

The game sees a new era begin

In the meantime, Microgaming will continue to license its dedicated sports betting software to Betway and will continue to improve the solution for other brands. The acquisition of Games Global is an important step for the company.

He is represented by a number of gaming personalities, including CEO Walter Bugno who worked at IGT and Lottomatica, and CFO Tim Mickley who worked for Playtech and SafeCharge.

The news was welcomed by Bugno who said that through this acquisition, Games Global welcomes the start of a new era in igaming. He acknowledged Microgaming’s contributions to the industry and wished them well in their next chapter of development.

Microgaming announced the deal in November 2021, with the sale of Quickfire including numerous assets under its roof. Games Global will now have proprietary access to over 3,000 games and 25 studios, with the new igaming giant surely looking to continue and expand its current footprint and Microgaming focusing on a whole different part of the business.

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