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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 Norway: Monopoly in theory, free market in practice

George Miller

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Gambling in Norway: Monopoly in theory, free market in practice
Reading Time: 2 minutes

 

When it comes to gambling legislation, some European countries give their citizens maximum freedom and others impose maximum restrictions. One country, Norway, fits both descriptions. Despite the best efforts of the Norwegian government to monopolise gambling in recent years, its citizens are free to play online bingo or use online casinos without fear of punishment.

In Theory, Norway has Gambling Monopoly

Under Norwegian law, only state-owned Norsk Tipping and industry-run Norsk Rikstoto are allowed to offer gambling services. Commercial operators may apply for permission to offer restricted gambling activities, but aren’t eligible for a full gaming licence. Under the Norwegian government’s heavily restrictive rules, licenced gaming operators must allocate 35% of profits to Norsk Tipping and 30% to good causes.

Norway has flirted with the idea of blocking unlicensed gambling sites but has never gone through with it. Norway’s tough stance on competition has even brought it unwanted attention from the European Free Trade Association, of which Norway is a member. At one stage, the EFTA signalled it would challenge Norway if it imposed restrictions on where its citizens could gamble. Critics of Norway’s stance have pointed out that its position has more to do with protecting revenues than out of actual concern for Norwegian punters.

Norwegians Free to Choose Gambling Operator in Practice

The good news for Norwegian citizens is that the government has never followed through with its threats to block IP addresses of online gambling sites. What’s more, the Lottery Act, the Gaming Scheme Act, and the Totalisor Act don’t actually prohibit Norwegian citizens from participating in unlicensed gambling activities. Norwegians may use online bingos or online casinos from any service provider they like – and in fact many of them do.

It’s been estimated that there are hundreds of Norwegian-language online bingo sites and online casinos. Some of the most popular bingo platforms catering to Norwegians include MariaBingo, Unibet, and Bettson. These are all large gambling providers that operate sites in multiple languages including Norwegian, Swedish, Finnish, and Estonian. All these sites let Norwegian citizens cash in and cash out using Norwegian krone. All of them have steps in place to ensure their users gamble responsibly. Looking at this review about MariaBingo will give more in detail information about the benefits as well as cons for Scandinavians.

Because Norway doesn’t actually have laws in place to restrict use of these services, most Norwegians log on to bingo and other gambling sites without even bothering to use a VPN.

Online Bingo Will Remain Free for Foreseeable Future

Judging by the developments of the past few years, Norwegian citizens will remain free to play online bingo anywhere they like for the foreseeable future. Norway’s economy relies heavily on North Sea oil and gas, so it’s possible the government will make another play for gambling revenues if the oil price stays low for a long time. But pressure from the EFTA and other European bodies in which Norway has membership may force the government to back off. For Norwegian online gamblers, that’s good news.

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Gambling in the USA

Atlantic City: The paradise for gamblers

George Miller

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Atlantic City: The paradise for gamblers
Photo Source: indianz.com
Reading Time: 2 minutes

 

Atlantic City, New Jersey represents a good niche in the world of betting internationally, but still retains the characteristics of a warm little town. Simply nicknamed “AC” by locals, it is the largest city of large hotels in the Northeast of the United States and attracts millions of visitors every year thanks to its excellent betting sites right next to the beach. Tourists have the possibility to walk on the boardwalk along the beach and enjoy a “salt water” style taffy that has been the local delicacy for more than a century. In addition to the game, Atlantic City is an incredible destination for golf, water sports, fishing and cruises.

Atlantic City currently has 11 casinos after the Atlantic Club Casino Hotel stopped operating in January 2014. Each casino has its own theme, for example the Caesars is based on the Roman Empire, the Bally’s has a theme of the Far West and the Trump Taj Mahal well, I think it’s obvious. Where you want to try your luck, whether it’s in slots, poker or other games, you can find it in Atlantic City. The casinos of this city offer all the most popular games such as slots, poker, blackjack, roulette, craps, baccarat, keno, sports betting and table games.

With the legalization of online gambling in New Jersey in 2013, many Atlantic City casinos opened their own online casinos. We can find many NJ-based online casinos easily on Net; one of them is NJ online casino.

What to prepare before going to the casinos in Atlantic City:

I will give you some tips that you want to venture into casinos for fun and maybe even bill a few dollars at tables and gaming machines in Atlantic City. First of all, it is very important to remember that the probability of you winning is much less than the probability of losing, so never risk anything beyond what you can spend. One tip is to take away the dollars you will allocate to the game, so you avoid unexpected hassles. Remember that the game is engaging and exciting and often you can be taken away by the excitement and regret it the next day.

So let’s go!

1) Look for the 1 cent machines. They allow smaller bets, that is, with each spin you will pay less.

2) Playing the minimum bet greatly decreases your probability of winning something. Usually, if you bet 1 cent, you will only compete for one line. To have more chances, the ideal is to play in as many lines as possible. The tip is to compete in every line betting the lowest possible value. On some machines, you spend an average of 40 cents per spin this way.

3) Before pushing the button or pulling the lever, check the bet value on the screen. The machine always maintains the bet value of the last player. So beware, often on a 1 cent machine, the maximum bet can reach $ 5 and you can lose this amount in a single spin.

4) Look for the machines that have the bonus option. If you can hit a bonus, you have more chances of multiplying your winnings.

Atlantic City is a paradise for gamblers. What must be considered is that emotional control and ingenuity determine your success.

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Compliance Updates

Breaking News: Dutch Senate votes to legalize online gambling

Zoltan Tundik

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Reading Time: 1 minute

 

The Netherlands Senate voted today in favor of the country’s long-awaited online gaming legislation, which was approved by the House of Representatives back in 2014.

The new regulatory regime will allow operators to secure online sports betting and casino gaming licenses to serve Dutch consumers, subject to secondary legislation that is yet to be submitted for European Commission approval.

Today, the Dutch Senate voted in favor of legislation to legalize internet-based gambling, clearing the way for foreign and Dutch firms to apply for licenses.

On Monday, the Financieele Dagblad said some 300 companies have expressed interest in running a gambling website in the Netherlands and about 50 are expected to make a formal application for a license when they are up for grabs next year. Tuesday’s vote comes two years after the lower house voted in favor of allowing third parties to legally offer online gambling.

Holland Casino is the Netherlands’ only state-regulated gambling establishment but foreign firms widely flout the ban and continue to target Dutch punters.

The two Christian parties in the ruling coalition voted against the legislation. They claim allowing more companies to offer online betting will lead to more problems with addiction.

Source: DutchNews.nl

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