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4 Challenges the Online Betting and Gaming Industry Will Face in the 2020s

Zoltan Tundik

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Photo source: casinodope.com
Reading Time: 3 minutes

 

Estimates will always vary, but there are some predictions that the online betting and gaming industry will more than double in size from the period of 2017-2024, with all online gambling-related activities almost reaching the $100 billion mark globally 2025.

That’s incredible growth for an industry that is relatively mature. But we can speculate that many outliers will have an impact, such as the liberalization of gambling laws on a state by state basis in the United States, and the clarifying of laws in countries like Finland and Germany.

However, while the growth is nevertheless a reason for the industry to celebrate, there are several areas that will present challenges to betting and gaming worldwide as we enter the next decade. We look at some of those below:

Cryptocurrency

Yes, there are countless ‘bitcoin casinos’ out there. But we also know that regulators – and governments – don’t like the idea of a marriage between cryptocurrency and gaming sites. In the end, it all boils down to transparency, and crypto is seen as the antithesis of the recent drives for KYC (know your customer) policies and anti-fraud measures. A lot will depend on the mainstreaming of cryptocurrency, perhaps driven by Facebook’s Libra coin. The MGA (Malta Gaming Authority) is exploring the viability of crypto through its Sandbox Framework, but one suspects that it will be more than a few years before we see the ubiquitous use of cryptocurrency at casinos.

Regulation

Obviously, a difficult subject to cover as different countries will have varied legal restrictions on marketing and advertising. Yet, so many national parliaments have at least proposed regulations that look like they could hamstring the industry in terms of how it markets itself. The UK Labour Party, for instance, has called for incredibly tough measures, including the introduction of minimum bet amounts and an extension of KYC policies. Some regulation and help for responsible gambling would be welcome, of course, as is regulatory clarity, but the industry will need to work with regulators to ensure that it doesn’t go too far.

Millennials

Despite the growth figures mentioned earlier, the challenges to get millennials playing at land-based and online casinos remaining. Sure, plenty of under 35s will log in to casino.com to play the roulette tables or have an online punt on the Premier League, but the challenge to get millennials interested in classic games and events like horse racing will undoubtedly give operators sleepless nights. A lot of talk has occurred over the idea of merging the world of video games and competitive casino play, perhaps harnessing the incredible popularity of games like Fortnite and certain eSports and crossing them over to casinos. It’s an interesting concept, and it’s completely foreseeable that we will see monetized video games sitting proudly beside the classic table and card games in the near future.

The eSports arena opens at UCI.photo: steve zylius/UCI

Green Issues

It’s almost guaranteed that every industry on the planet is set to face more scrutiny on its carbon footprint. Tech companies, of all types, usually escape such scrutiny, as there are more apparent culprits for campaigners to turn their ire upon. The online gaming industry can certainly point to its green superiority over the land-based industry, albeit many resorts are trying to make changes, but it still takes a lot of energy to run a popular website. Statistics aren’t available for casino games specifically, but the carbon dioxide emissions of playing video games online are said to be equivalent to the emissions of millions of cars. This is obviously not an issue related to online gaming specifically, but that doesn’t make it any less pressing to address.

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Industry News

Playson Reports Great Success at ICE London 2020

Niji Narayan

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Playson Reports Great Success at ICE London 2020
Reading Time: < 1 minute

 

Casino software provider Playson has reported great success at ICE London 2020.

This year was the company’s busiest ICE yet, with 85 pre-scheduled appointments and more than a dozen on the spot meetings each day at February’s massive event held at ExCel London.

The Playson stand at ICE welcomed over 1000 delegates including several of the trade news media, all eager to learn about the exciting products. The supplier’s impressive range of engagement tools were on display along with its ever-burgeoning slot portfolio, which includes hits such as Fruit Xtreme and Red Chilli Wins.

Playson also hosted its ICE London 2020 Tournament, with a new game Playson game featured every day at the stand and one lucky player taking home a set of Apple AirPods every day.

“This year’s ICE London 2020 was a huge success and our stand was a hive of activity for the whole event. We look forward to next year which will see us returning bigger and better than ever!” Alex Ivshin, CEO of Playson, said.

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Industry News

Red Rake Gaming releases on Wildz Online Casino

George Miller

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Red Rake Gaming releases on Wildz Online Casino
Reading Time: 2 minutes

 

Innovative casino content provider, Red Rake Gaming, has launched its games with a new comer to the market, Wildz Online Casino.

Wildz Online Casino, launched in 2019, has grown at an incredible rate since its inception and has clearly resonated with its target markets through its focus on delivering the best player experience and rich content offering. By building its foundations on new technology, it delivers speedy response rates and real-time rewards for its players which has resulted in tremendous growth across multiple markets.

The partnership will see Wildz Online Casino accessing all the top performing games delivered by Red Rake Gaming to its players including key titles such as Super12Stars, which is an action packed slot with multiple feature and bonus rounds, Tiger & Dragon – the slot that give players 1 million ways to win – and the cluster slot, Gustav Minebuster, giving players the chance to win 20000x.

Red Rake Gaming’s key focus is on delivering engaging and innovative content to its partners and 2020 will be no exception with a packed roadmap lined up. With firm commitment to its partners, Red Rake Gaming continues to strive in delivering what operators and players want demonstrated by the recent release of the progressive tournament tool which is causing a stir within Red Rake Gaming client network.

Nick Barr, Managing Director for Red Rake’s Malta operations, commented on this partnership, saying: “We are thrilled to be working with the Wildz team and it’s incredible to see what they have achieved in such a short period of time. We are very much looking forward to being a part of their continued growth and delivery of an industry leading casino”.

Tony Kjaldstrom, COO at Rootz comment: “We are pleased to join forces with Red Rake Gaming to offer their game lineup at Wildz Online Casino. Red Rake Gaming delivers quality titles that will be a welcome addition to our casino. In particular, the replay feature on Red Rake’s titles will be sure to generate interest, especially among seasoned casino players. However, more important than these extra features is the overall quality of the games themselves. In that regard, Red Rake Gaming absolutely delivers. Welcome aboard!”.

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Industry News

Great list of live cricket online free – 1xBet

George Miller

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Great list of live cricket online free – 1xBet
Reading Time: 2 minutes

 

Hundreds of unique competitions are presented in the line and live of this trusted betting company. And what is more, traditionally you receive particularly high odds with your bets. Live cricket online free – 1xBet is a good opportunity not only to follow the competitions, but also to earn on them.

In the company you will be able to make forecasts not only for popular tournaments, but also for meetings at the local level. The brand pays attention to a great range of tournaments, which will allow you to place bets on exactly what you are really interested in. Note that all data on the course of events is updated in live. Thanks to this, you can keep abreast of the latest news and quickly respond to all changes.

As for live cricket online free – 1xBet, it involves dozens of options for the outcome of the confrontations. This will allow you to make money on something that until recently was just a hobby for you.

It will be possible to withdraw winnings using popular payment systems. For example, these are the ones that are used on the website of this company:
1. Visa.
2. Mastercard.
3. Skrill.
4. Neteller.
5. Bitcoin.

To collect your money, go to https://1xbet.com, then to your personal account and select the preferred payment system there. After that, the system processes the request, and you can withdraw your funds.

Live greyhound racing on the company’s website
One of the main advantages of the presented brand is a wide line of events. For example, it pays attention not only to popular disciplines like football, hockey, tennis, but also to competitions that are rarely found among its rivals. These are some of them: water polo, trotting, darts.

The live greyhound racing on www.1xbet.com is also available. This is your great opportunity to earn money on exciting competitions that take place around the world. And what is more, they are accompanied by very good odds. As a result, it is enough to make a correct prediction in order to hit the big jackpot.
You can check the status of your balance in your personal account. It contains information on your financial success. Such data is especially important for those who want to make betting not just their hobby, but a reliable source of income.

Live greyhound racing on a trusted platform is becoming more and more popular. If you also want to make money on it, then register on the site of this reliable bookmaker and make a deposit using one of the available payment systems.

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