Real Time Gaming Online Casinos
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- Real Time Gaming also known as RTG casinos, is one of the favorite software developers supplying games to online casinos. With recent updates, they have gained many new slot machines. Online casinos are one of the greatest things that came to hit the internet.
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Real Time Gaming is definitely not one of the new kids on the block when it comes to software. The well-reputed company was originally launched in 1998 and has remained one of the most dominant casino software providers that has successfully managed to penetrate the online casino world.
Realtime Gaming (RTG) is an online casino company developing download-based casino software, licensed by various operators running their own branded RTG-powered casino sites. The company was established in Atlanta, Georgia in 1998, but moved all development to Heredia, Costa Rica in 2007-2008.[citation needed]
The company was acquired in January 2007 by Hastings International, Curaçao, Netherlands Antilles, a company managed by a corporate services provider called HBM Group.
Caribbean 21 controversy[edit]
In 2004 the company hit the news when a player won $1.3 million from a $1,000 deposit, playing Caribbean 21 for high stakes at Hampton Casino. The same player also won $96,000 at Delano casino, another RTG-powered site.
The player was accused of cheating by the casino, who said he used a robot (automated playing program), and that he would not be paid.[1] Since the game has a casino advantage (albeit a low advantage, somewhere over 0.1%[2]), the casino should still have held the edge, though good luck can overcome an edge in the short and medium-term. The details of the player's final settlement with the casino were never published. RTG subsequently limited the maximum bet size of the game to $5, before removing it entirely.[citation needed]
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Operators[edit]
One of the largest RTG casino operators was the Crystal Palace group, mooted for a £140m flotation on London's AIM market in 2005.[3] The group, owned by South African Warren Cloud, made a pre-tax profit that year of £20.4m. Cloud's casinos were the subject of numerous complaints particularly over payment of players who accepted bonuses from the casino. Cloud died suddenly on his yacht off Ibiza in July 2008, aged 34.[4]
Aside from the Crystal Palace group, other RTG casinos have been the subject of criticism. The Casinomeister website maintains a list of RTG casinos, which lists several sites as 'rogue'.
Software features[edit]
The company indicates that operators are not able to choose between payout settings for their slots[5] and video poker games.[6] They have expressed intentions to limit operator liability for a single game to $50,000 by default, by reducing maximum bet sizes.[7]
Some RTG casinos offer progressive jackpot games with jackpots that are pooled between all the different casinos that offer these games. The largest of these jackpots are usually Jackpot Piñatas and Aztec's Millions. Compared to similarly sized multi-million dollar jackpots offered by competing game developers such as Microgaming or Playtech, these jackpots are rarely won and their slow rate of increase suggests that they are not particularly popular.[8] In addition the non-progressive RTG 'Real Series' slot machines may be configured with tiered random progressive jackpots that are local to a specific casino, or a group of casinos that are run by the same operator. These local jackpots can be won randomly and independently of the alignment of symbols on the game reels on any spin. Operators are able to configure the jackpots on a per game basis, or group several games together in order to contribute to a shared local jackpot.
Slots manufactures such as RTG began to produce cabinet-based video slots games [9] with increasing numbers of special features. Perhaps the single biggest breakthrough of the latter half of the 20th century in slots came in the form of multiple payline slots.
References[edit]
Rival Gaming
- ^NBC News Bettor wins $1.3 million; Net casino won't pay
- ^http://wizardofodds.com/caribbean21
- ^Asthana, Anushka. 'Crystal chips in with £140m float'. The Times. Archived from the original on 11 June 2011.
- ^'SA Internet gambling pioneer dies, age 34'. FMTech. Archived from the original on 3 August 2008.
- ^'Three Stooges Marketing Information'. RTG. Archived from the original on 26 November 2009.
- ^'Loose Deuces Marketing Information'. RTG. Archived from the original on 17 August 2009.
- ^'RTG Newsletter - Issue #37'. RTG. Archived from the original on 27 January 2010.
- ^'RTG Progressive Jackpots Tracker'. Casino Listings.
- ^'RTG Innovations in land-based casino slots'. CoolCat Casino.