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Slotomania was first released in September 2011, [6] one year after Playtika was founded in 2010. [7] [8] Playtika went public in January 2021 and was bought by Caesars Entertainment Corporation in May 2021. [9] [10] Nearly half of all users are from the United States, with the remaining players based in diverse countries. [11]
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Playtika started off in the casino-style genre of "Social Casino Games". This genre uses the central elements of popular casino games but players cannot use real cash within the gameplay, nor can they win real money. At January 2018, Playtika set up a $400 million Israel investment fund.
One reason that the slot machine is so profitable to a casino is that the player must play the high house edge and high payout wagers along with the low house edge and low payout wagers. In a more traditional wagering game like craps, the player knows that certain wagers have almost a 50/50 chance of winning or losing, but they only pay a ...
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