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DraftKings (NASDAQ: DKNG) - Deep Dive Research - Part 1

TL:DR
Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
  1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
  2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.
As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
submitted by Historical-Comment36 to SecurityAnalysis [link] [comments]

DraftKings (NASDAQ: DKNG) - Deep Dive Research - Part 1

TL:DR
Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:

  1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
  2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.
As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
submitted by Historical-Comment36 to investing [link] [comments]

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LAS VEGAS STYLE CASINOS

LAS VEGAS STYLE CASINOS

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Eskimo Casino - free spins, no deposit bonus, promotion

Eskimo Casino - free spins, no deposit bonus, promotion

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Eskimo Casino Review
Eskimo Casino features a tropical theme, which couldn’t be further from the ‘cool’ name it bears. Owned and operated by Lux Entertainment Limited, Eskimo Casino is the first and only gambling product owned by the company. Eskimo Casino is a new casino, having only launched in 2018, which means it has an uphill task of competing with long-established casinos with a worthy fan-base. However, this Maltese registered company have designed a casino with the player in mind; from easy navigation to an instant play feature. Whatever you love to place a bet on, you will find it here. The casino is accessible across all devices and again, no apps required to play on mobile or tablet devices. Customers can enjoy the casino in the English language only. Promotions-wise, there is the generous welcome offer and that’s it!
Let’s find out more in this Eskimo Casino review!
Design & Features
The design and layout of Eskimo Casino are very unique, what with an uncluttered welcome page waiting to greet you. The latest promotions will be featured to the top of the page and beneath this, is where you will find the games lobby. There is no menu or links to other sections such as promotions because there are none! The colour scheme is blue, to give a feel of an ice cool environment, but the games will soon warm you up. Head to the lower of the page and you will find a handful of links which include terms and conditions, bonuses, payment and contact.

What makes Eskimo Casino one of the best EU online casinos?

The Eskimo on the front page of this casino site is a cute cartoon girl.
We have no idea why this casino site is themed this way, other than almost all the other possible themes for casino sites are gone!
Whether or not you like this cute and approachable look there’s much more to a good casino site than just the front page illustration.
And we think that Eskimo Casino is one of the best EU online casinos and one that you should consider playing at.
This is why we think that.
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Eskimo Casino is licensed, legal and safe

Eskimo Casino is fairly new, with a birthday in 2018, but it’s got a parent company that is slightly older than that in the shape of Lux Entertainment Ltd.
They have licenses from the UK Gambling Commission, and the Malta Gaming Authority, two of the most demanding authorities in the world.
They have a lot more safety and security measures in place too, including auditing and extra online security from Go Daddy, and great links to gambling safety organizations.

Eskimo Casino has the World’s Best Slots

Great titles from great providers are what most players are looking for first. So, after you’ve checked the licensing (as we insist you do), you’re going to browse their games.
There you’ll find some big-name titles like Book of Lords, Finn’s Golden Tavern, Flower Fortunes, Conan, Deco Diamonds, and Jackpot 6000.
These titles show the breadth of games on offer, taking in character games, classic retro games, and novelty titles.
It’s a great selection.

Eskimo Casino has great Live Casino Games

There are really two top quality live casino providers at the moment. They are NetEnt and Evolution Gaming.
At Eskimo Casino, you’ll find the selection from NetEnt live.
This means superb games delivered live and streaming with excellent dealers and croupiers.
The games include all your favourites, like roulette and blackjack, but also a load of variants on those titles and slightly less common games too.

Eskimo Casino Takes Great Payment Methods

To play any of those games you’ll need to have money in your account. And Eskimo allow you to cash up your account via all the industry’s current favourite payment methods.
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Eskimo Casino has 24/7 Help

Help is the last resort for casino players. You don’t want to use it, but it needs to be there. Eskimo go a long way to reassuring you before you call them, and have a good FAQ page and a lot of information around the site.
Help is there though from a customer support team who are available around the clock whenever you fancy playing at Eskimo Casino.
Whether you’re playing video slots, slots, table games or live casino games, you can always find help at Eskimo Casino, one of the coolest sites we’ve ever seen.

Eskimo Casino Games

Amatic, Microgaming and NetEnt are the force behind the games here at Eskimo Casino. That means not as much choice as leading casinos, yet, there is something to suit all tastes and budgets.
The layout of the games lobby is simple and places all the games into the following categories:
  • Popular: Here you will find the games that are played more often than others. Titles will change on a regular basis, so keep checking to see if your favourite games are listed.
  • Video slots: This list is an extensive one, offering games from adventure to sports! Avalon, Alaskan Fishing, Aloha! Cluster Pays, Ariana, Blood Suckers II, Brides Maids, Break Da Bank Again, and Burning Desire are just a few to mention.
  • Slots: In this section of the lobby you will find classic slots, those that feature bars and bells and nostalgic gameplay. Players can choose to play the classic slots with nothing but base game wins, or more modern creations with multipliers and may be even bonuses thrown in for good measure. Cash Splash, Fire & Ice, Hot Scatter, Hot Star, Jackpot 6000 and All Ways Joker are among the 30-odd titles featured.
  • Live casino: Place your bets in an atmosphere that resembles a real-life casino, when you sit at the virtual tables at Eskimo Casino. Common Draw Blackjack, Live Blackjack, Live Mobile Roulette High Roller, Live Roulette, VIP Live Blackjack, and VIP Live Roulette are the tables being beamed directly from NetEnt studios.
  • Table games: There are almost 40 different table games to choose from in this category of the games lobby. Red Dog Progressive, Punto Banco, French Roulette, Pontoon Pro – High Limit, and Caribbean Stud Poker are just a few of the more popular games being played.
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Eskimo Casino welcome bonus and other promos

New customers at Eskimo Casino are welcomed with 10 free spins with no deposit required when they sign up and add a payment method. Don’t worry, nothing will be taken from your bank account unless you wish to take advantage of the welcome offer.
Once you’ve played through your freebies, you can claim a 100% casino bonus up to €100. So if you were to deposit €100, you would have a total of €200 to play with. Not only that, but an additional 100 free spins will be credited to your account and you can use them on the following slots:
  • Finn and the Swirly Spin;
  • Wild Wild West;
  • Shangri-La;
  • Aloha! Cluster Pays;
  • Joker Pro.
All bonuses (so that’s just the welcome offer and the free spins), will be subjected to a 35x wagering requirement. This means that if you were to take advantage of the full welcome offer, not only would you would need to play through any winnings accrued from the free spins, a total of 35x – but a €200 welcome bonus means an eye-watering €7000 turn over requirement before you can request a withdrawal.

Treated like a VIP?

Unfortunately, you will find no loyalty scheme no VIP program on offer at Eskimo Casino. We hope to see these added at a later date.

Banking Options

Deposit options
Funding your casino account can be done through a handful of deposit methods; Visa, MasterCard, Skrill, PaysafeCard and Bank Transfer. The cashier lists useful information and pre-set value buttons, to make the depositing process an easy one. Follow the on-screen instructions and within a few minutes, you will have funds in your account.
  • Currencies accepted are: Euros.
Withdrawals at Eskimo Casino
There’s limited information on the withdrawal process, but Eskimo Casino claim to be able to sort withdrawals within a 24 hour period. Typically, all major credit and debit cards can take up to 3 working days to process. So, if Eskimo Casino can do this in under one day – then that’s fast!
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Safe and trusted

‘We pride ourselves at Eskimo Casino on being able to provide our customers with only the coolest, highest-quality games and our table games, including blackjack and roulette, are just the tip of the iceberg! We also offer players the opportunity to enjoy slots, video slots, live casino games and jackpot games – so there’s not a snowball’s chance in hell we won’t have something to suit your gaming needs! Here at Eskimo Casino, we won’t make your blood run cold. Our RNG (Random Number Generator) games are all fully-licensed and certified and therefore our customers can rest assured that the outcomes of these games are purely random and cannot be influenced in any way.
What’s more, Eskimo Casino offers live dealer games for those customers who come to us seeking the ‘real casino’ vibe. You don’t even have to worry about getting cold feet on your way to the casino! These live dealer games are broadcast to you from state-of-the-art live casino studios so you can feel as if you’re stepping right into the glitz and glamour of a real casino without even having to leave the comfort of your own home!’
Eskimo Casino is licensed and regulated by the Malta Gaming Authority (MGA), this means that the casino operates in full compliance with the rules and regulations set by the MGA.

What’s the verdict of Eskimo Casino?

Can we start with Eskimo Casino’s claim to be the ‘friendliest bonus system online’; ‘Every online casino has its own bonus system but why would you settle for something lukewarm when you could join Eskimo Casino and enjoy the coolest and friendliest bonus system of them all. Here at Eskimo Casino, your bonuses are kept available in a separate wallet. As an Eskimo Casino customer, you will always play your own cash first and if and when your cash funds are lost, you will then be able to continue playing with your bonus funds.
The advantage of this is that Eskimo Casino customers and players are never bonded to our bonus terms whilst playing with their own cash funds. If one of our customers wins big with their own cash funds, they are always then able to cancel their bonus funds and continue playing in our live online casino, or withdraw their profits.’
Now, anyone who has ever played at an online casino knows that cash is spent before bonuses, so I’m not sure how this is even considered as friendly!
There is a decent selection of games to choose from and some life-changing cash up for grabs, but the lack of bonuses and loyalty scheme are noticeable. You can tell that the company who owns Eskimo Casino don’t have much experience in the online gambling industry because they are doing nothing to keep players coming back for more. It’s all very well and good offering a generous welcome bonus, but once claimed, what do customers have to look forward to? That being said, the 5x wagering terms are hefty and I’m not sure how anyone could cash out from that.
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Keno - Practical Guide and Game Strategy

Keno - Practical Guide and Game Strategy
History of Keno
The game of Keno has a history that goes back to the Han Dynasty in China, where a version very similar to the one we see today was played.
When we talk about the audience playing Keno including construction workers from the Great Wall of China, you can get an idea of ​​how old this game is. (For those of you who don't know much about Chinese history, we're talking about 3,000 years ago.)
This ancient lottery game was played for centuries in China before reaching the Western world, as Chinese immigrants brought it to the United States in the mid-1800s.
Of course, the Chinese version used Chinese characters, while the American version simply changed them to numbers and reduced the number of characters from 120 to 80.
https://preview.redd.it/91b2q3fwbc561.jpg?width=800&format=pjpg&auto=webp&s=79d5ecde45d0f189a5091bf5bcca4b4d6ebf2244
How to play
The rules of Keno couldn't be simpler. When you log into your account and select the version of Keno you want to play, you will see a grid of numbers ranging from 1 to 80. The player must select between 2 and 10 numbers (in the standard version of the game) that can be randomly selected if you prefer it that way.
Once the numbers are selected, 20 numbers will appear and you can win if enough of them match your numbers. For example, if you choose 10 numbers, you will need 5 of them to match and you will get 5 times your bet.
Payouts vary between sites, which also affects your chances of winning, as well as the optimal strategy for players. Some versions of Keno allow you to choose up to 15 numbers, which adds an extra to the gaming experience.
Strategy for playing Keno
This game is very simple, so there are really only two factors that will really influence your chances of winning, and we don't mean using your neighbor's cat birthday as a lucky number, the two things that will affect your chances of winning. these are:
Mainly, you should choose wisely which version of the game you will play. To give you an example, if you select 2 numbers and they both appear among the 20 numbers; some casinos will pay you 7 times your bet, while others will pay you 9 times the same. This difference is quite substantial.
If you have accounts in more than one casino, check the rules of the Keno games in all of them to know which payouts are better, or if the payouts do not appear in the rules; use practice games to figure it out for yourself.
Second, you should examine the returns offered by each selection of numbers, because this percentage will vary depending on the option you choose (not massively, but enough to make a difference). To clarify: this percentage is the amount you would expect to gain after a certain amount of time playing a game.
For example, large online casinos in the US, UK offers a version of Keno in which the returns vary by almost one percentage point depending on the number of numbers you choose.
If you select 9 numbers, the percentage will be 92%, while if you choose 3 numbers the percentage rises to 92.96%, which makes it a better option, statistically speaking.
Summary
To give you an idea of ​​how online games compare, an average slot machine has a 95% return percentage and a blackjack game can even go as high as 99% if you play with an optimal strategy. There is really no optimal strategy for playing Keno, as at the end of the day it is a game where the numbers appear randomly and there is no way to predict what they will be.
In short, Keno is not a game to be played in hopes of making a fortune. It is an enjoyable game of chance and should be played for fun rather than finances, so don't spend money that you can't lose. Keno is quite an entertaining game, so what we can do is wish you the best of luck when you play.
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BetPat Casino 150 No Deposit Free Spins + €300 Gratis Bonus

BetPat Casino 150 No Deposit Free Spins + €300 Gratis Bonus

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BetPat is a casino which is new on the scene but aims to offer fantastic games, prizes, and bonuses to their players. The casino’s theme is centred around the Irish culture with a clover in the logo and a leprechaun mascot named Pat. Launched in 2020, this casino is already making waves with its easy navigation, fantastic welcome offer and promotions for existing players as well as a casino lobby filled with a great variety of games by some of the best leading software providers.

Betpat Casino Bonus

Betpat welcomes its players with an enticing offer consisting of a 100% match bonus up to €/C$500 and 150 free spins to be used on Book of Dead. To be eligible for the bonus, go to the ‘Promos’ page and select the bonus card and click on subscribe. Make a deposit of at least €/C$20 and start playing! The deposit and bonus amounts have to be wagered 35times within 7 days. The max bet for wagering is set at €/$5 or $C10 for Canadian players.
The free spins will be credited as a batch of 50 FS per day. Day 2 and Day 3 FS are activated 24 and 48hrs after a deposit respectively. The free spins are valid for 24 hours, any unused FS will be voided. Any winnings from the free spins have to be wagered 30 times within 24 hours. Certain games do not contribute to the wagering requirements, these are listed in the general bonus terms. We highly recommend that you read the terms and conditions carefully prior to opting in for any bonus, offer or promotion.
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Betpat’s casino lobby is filled with games provided by over 30 software providers including industry leaders Netent, Microgaming and Evolution Gaming. It is relatively easy to find your favourite games, you can either use the search bar or if you’re a fan of a particular provider you can filter as such as well. The casino lobby is categorised as follows for easy navigation: Popular, New, Slots, Live Casino, Table Games, Jackpots, Other.

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A good mixture of classic, video slots and fruit machines including popular titles Book of Dead, Fruit Deluxe and Gonzo’s Quest is available at Betpat. For those wishing for a bigger drop, 13 jackpot titles are offered.

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Those players who prefer skilled games rather than slots have plenty of table games to choose from. Different versions of classics such as Blackjack, Roulette, Baccarat, Craps and Poker are offered at Betpat. Players can also choose low stake games if they have a smaller budget.

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It shows that BetPat teamed up with the best game providers as a good number of live dealer games are offered in the Live Casino section. Several variants of Live Blackjack, Live Baccarat and Live Roulette, as well as show games such as Monopoly, Mega Ball and Money Wheel, are available.

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Betpat offers an entire sports betting section which provides players with the opportunity to bet on popular sports such as soccer, rugby, boxing, golf, tennis, basketball, darts and many more. Players can place bets on matches from major leagues including UEFA Champions League, Premier League and Rugby League State of Origin. Special events such as the US presential election - next president, US presidential election - winning party, UK General Election- next prime minister and BBC Sports Personality 2020 winner are also offered.
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Just like the majority of other top casinos, players can access Betpat from any device including Andriod and iOS. There is no need to download any casino app in order to play your favourite game! Make sure to have a good internet connection so that you can experience the highest quality.

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Betpat accepts deposits and withdrawals made using the following payment methods Skrill, Visa, Mastercard, Neteller, Yandex Money, Qiwi Wallet and Interac. It is important to check whether the payment method you wish to use is accepted in the country that you’re in.
All deposits need to be wagered at least 1 time before a withdrawal request is accepted. Betpat does not charge any fees for any payment method however we recommend that you check the T&C’s of the payment provider for any fees on their end.

Betpat Withdrawal Speed

Players can withdraw up to a maximum of €1000 a day, €5000 a week and €20,000 a month. The minimum withdrawal is €/$20 and C$30 for Canadian Players. Betpat aims to process the withdrawal requests within 72 hours. This timeline might go up to 7 days if the requested amount is over €1000.
To make sure that the withdrawal request does not take longer than it should, make sure to provide all documents as requested by the support team in the KYC email that you will receive. Without completion of KYC and approval of your account, the withdrawal will not be processed.
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Betpat Customer Support

Betpat casino recognises the importance of providing support to its players 24 hours 7 days a week. Players can contact the customer support team via a number of options:
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  • Contact Form - click on ‘Contact Us’ and you will be directed to the contact form
  • Email - [[email protected]](mailto:[email protected])
  • Phone - there are several phone numbers depending on where players are located
    • Edinburrgh: +44 (0)131 378 8530
    • London: +44 (0)203 0110 731
    • Montreal: +1 514 819 0742
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Betpat Trustworthiness

Betpat goes through various lengths to provide the highest security to its players. All personal information is stored in a high-security data warehouse to ensure that maximum confidentiality is maintained. In order to diminish the chances of unauthorised access to your account, during the registration process, you will be asked to create a password and choose a security question and provide an answer.
For the players’ safety, responsible gambling measures such as limits and self-exclusion are explained clearly in the responsible game page. Players can also contact the customer support team for further assistance.

Betpat Licence

Betpat is owned by SG International N.V, company number 137028, who possess a Curacao gaming license under No. 8048/JAZZ2015-035. This means that any services provided by Betpat are authorised and regulated by the Government of Curacao.SG Internation N.V is registered at Heelsumstraat 51 Willemstad Curacao CW.
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