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How The European Casino And Gaming Sector Is Changing

Zoltan Tundik

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The online casino and games industry in Europe is expanded at its fastest rate in its history which has been driven by more favorable gambling laws and technological advance. While traditional games at casinos such as UK slots remaining popular other types of skill-based gaming are catching up due to the demand on the next generation of gamblers. It is estimated that worldwide there are now over 2 billion gamers that generate in excess of $100 billion each year and is on the rise.

There are many different sectors that make up the gaming industry with some such as smartphone growing rapidly and others such as PC in decline. Mobile technology has been at the forefront of driving innovation in the marketplace and has seen double-digit growth over the last couple of years. It is estimated that this sector alone by 2020 will produce over $65 billion which is remarkable when you consider it only produced less than $40 billion back in 2016. The main area of growth in mobile gaming has come from China which is estimated to generate over $50 alone by 2020.

In Europe, the amount of gamers that are playing between the ages of 33-44 is on the increase. This was the first generation that experienced games consoles and there loves for playing games has not declined over the years. Gamers aged between 18 to 24 still dominate the amount of time spent along with having the most players but there has never been so many older generation that plays games on a regular basis. In fact, it is estimated the 45-64-year-olds spend 7.5 hours each week playing. This is greater than the amount of time spent by the younger generation of 33-44 as they only spend 6.5 hours each week.

By the year 2020, the revenue produced by online gambling is expected to each over €24.9 billion in Europe which over a five year period is an increase of around €10 billion. In the UK the gambling market is one of the strongest in the world and ranks second in terms of size in Europe and fifth overall. Leading the way is China followed by the USA and then Japan with a large percentage of wagering taking place illegally.

There are over 30 million people from the UK that play games on a regular basis. By 2020 it is estimated that more than £7 billion will be spent on gambling online with over £15 billion in total revenue.

The growth projections for the whole of Europe are all upward and the industry is at one of the most vibrant points in its long history. New technology such as the blockchain and smart contracts are providing new innovations at breakneck speed in the sector so by 2020 expect to see crypto gambling at the forefront of development.

Conclusion

If the laws and regulations to stay the same across Europe the industry will continue to thrive. New technology over the next five years will help to make gambling safer and more transparent which is great news if you like to have the occasional bet.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Gambling in the USA

Delaware North Sues Miomni Gaming Over Fraudulent Claims

Niji Narayan

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Delaware North Sues Miomni Gaming Over Fraudulent Claims
Photo Source: hhlarchitects.com
Reading Time: 1 minute

 

Delaware North, the US based casino operator, has filed a lawsuit against its sports betting joint venture partner Miomni Gaming.

The operator is seeking monetary damages through the suit filed in the Chancery Court of Delaware, including Miomni’s 49% stake in the BetLucky joint venture, which the supplier is apparently refusing to give up. The joint venture was made to launch the BetLucky sports betting platform. Delaware North then terminated the contract earlier this month.

The operator claims Miomni made fraudulent claims to induce it to enter into a joint venture, as well as of wilfully breaching a limited liability company agreement governing the operation of BetLucky.

Delaware North claims that Miomni and chief executive Venner repeatedly claimed to own intellectual property rights to the platform, including the source code for the front end and back end of the platform.

 

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Central Europe

Superbet Submits Application for Online Betting License in Poland

Niji Narayan

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Superbet Submits Application for Online Betting License in Poland
Photo Source: picswe.com
Reading Time: 1 minute

 

Last week, the Romanian gambling giant Superbet submitted an application to the Polish  Ministry of Finance for a license to organise bookmaker bets via the Internet.

Superbet has been running bookmaking activities in Poland since 2017. The betting shops of the bookmaker stand at a very high level, but everyone knows that the real strength lies in online betting. It remains to be hoped that “online” will look just as good.

Everything seems to indicate that after several months of expectations, Superbet will launch online sales in Poland. The platform has been adapted to the requirements of the Polish regulator and if everything goes as planned, the company will offer its services online at the end of the year.

 

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Latest News

Red Rake Gaming travels to the Silk Road with Marco Polo in a new release full of excitement and adventure

George Miller

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Red Rake Gaming travels to the Silk Road with Marco Polo in a new release full of excitement and adventure
Reading Time: 1 minute

 

Innovative casino gaming provider Red Rake Gaming has just launched a new 5×3 reel videoslot that takes players on a journey through Europe and Asia with Marco Polo.

Starting in Venice, Marco Polo’s hometown, the players must reach the free spin feature in order to begin the journey along the Silk Road and increase their winnings.

Powerful Yin Yang symbols lead the player to an interesting choice: choose between a direct win awarded by an exciting abacus or direct entry to the free spins feature. The Marco Polo symbol is also Wild and replaces all the symbols including Yin Yang, which gives the player many more chances to win.

Within the free spin feature is where the player begins to travel across the map getting more spins and new multipliers.

An interesting videoslot with a very careful design that will be presented together with the most outstanding Red Rake Gaming games at the G2E Asia trade fair (Stand D1829) from the 21st to the 23rd of May, 2019.

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