Connect with us
WINNING COMBINATION

Latest News

Exponential growth awaits the online casino industry

Published

on

Exponential growth awaits the online casino industry
Reading Time: 3 minutes

 

For most industries, 2020 was a very difficult year, but for the world of online gaming, including online casinos, it was a very different story.

With millions of people stuck at home because of the pandemic, many have used online gaming and online casinos as a substitute for the kind of fun and excitement they would normally have achieved with nights out.

While traditional casinos have suffered along with other industries, online casinos have grown in popularity, and exponential growth is expected in 2021.

Governments have also become in need of extra revenue, making the legalization and taxation of online gaming an appealing idea. Six US states voted in favor of online gaming legislation in the November 2020 election ballot.

Furthermore, President Joe Biden has stated that unnecessary restrictions on the gambling industry will not be implemented by his administration.

Legal online gambling in the US
Online gaming is covered by state regulations in the US, and there are three different categories – online poker, online sportsbooks and online casinos.

Some forms of online gambling are available in many states, but so far only New Jersey and Pennsylvania allow all three.

New Jersey and online gambling
Online gambling, including online casinos, has been legal in New Jersey since 2013.

Since the launch of the very first online casino, the state has made as much as $1.4bn in revenue, and there are bonus codes for New Jersey casinos to encourage customers.

That revenue continues to increase every year, and far from slowing down, recent events have made it clear that the growth in the market is going to expand further in 2021.

Pennsylvania and online gambling
All forms of online gambling including online casinos were legalized by the state of Pennsylvania four years ago back in 2017, with the state’s first casino site being launched two years later in 2019.

There are many options for players in 2021 via online casinos and sportsbooks, and the expansion of many online casinos is also expected this year.

The new bill was passed in order to increase tax revenue and while Pennsylvania was late to the online gambling scene in comparison to New Jersey, it has continuously demonstrated market growth and numbers that are just as strong, if not better.

Because legislation on online gaming is state by state in the US, it is difficult to determine the future for the industry elsewhere in the country.

Europe and online gaming
The online gaming industry in Europe has also undergone exponential growth with a number of countries including the likes of Germany, Italy, Switzerland and the United Kingdom emerging as important markets, and the trend is continuing to point upwards for this year.

Innovations in technology have also made it easier for the population of Europe to get access to gaming sites including online casinos at any time and from anywhere, the European Betting & Gaming Association says.

The industry has a 10% annual growth rate in Europe, with the market value of the entire online industry in the continent expected to reach as high as EUR29.3bn by next year.

Why the online gaming market in the EU has rapidly expanded
One reason for the exponential growth in the European gambling and casino industry is due to the strict licensing bodies in the sector that exist in the continent, a trend that has drastically expanded over the course of the last few years.

Consumers are able to access the same quality of game via gaming apps as on a casino website, which has also resulted in live betting and has encouraged providers to enhance game plans and offer improved UX.

The UK and online gaming
The United Kingdom’s online gaming market is offered by private providers in a very competitive environment, with strict gambling regulations and rules in place to make sure online gamblers know they are safe when using online gambling sites and casinos.

ER Casinos
ER (Enhanced Reality) Casinos is a fairly new player in the world of online gambling, an innovation that sees the physical world of the gaming screen expanded via superimposed digital elements to offer a more realistic and immersive experience.

The technology took off in a big way in 2020 and is likely to increase in popularity this year, further aiding the exponential growth of the online casino industry as a whole.

Continue Reading
Advertisement
Click to comment

Industry Awards

Blask Wins Prestigious “Startup of the Year” at 2024 Starlet Awards

Published

on

Reading Time: < 1 minute

Blask, the pioneering AI-powered analytics ecosystem for iGaming, has been named “Startup of the Year” at the prestigious 2024 Starlet Awards. The company earned this recognition for developing a groundbreaking market intelligence platform that has redefined how gaming operators leverage data and market insights.

Award Recognition

The award confirms Blask’s revolutionary approach to market analytics and its significant impact on how iGaming companies access and utilise market intelligence. Powered by AI models including Computer Vision and Natural Language Processing, Blask analyses billions of data points across 2000+ active brands to provide unprecedented market insights.

The Starlet Awards recognition follows Blask’s recent SiGMA Asia Startup Pitch 2024 Award victory. “Winning these awards affirms our belief that innovation and bold ideas can reshape the iGaming landscape. The recognition underscores the impact of our cutting-edge AI technology and our relentless pursuit to transform data into actionable insights”, reflects Max Tesla, CEO and Co-founder of Blask

Blask provides operators with a strategic edge across multiple critical areas. Its real-time market analysis capabilities deliver instant access to crucial market metrics, while the high-granularity data available at one-hour intervals enables swift, informed decision-making. The sophisticated AI modelling system estimates GGR and FTD by analysing a comprehensive range of inputs, including historical data, third-party OSINT data, market performance, competitor metrics, historical brand performance, market reports, and public company disclosures.

Beyond analytics, Blask offers robust brand monitoring and competitor analysis tools, alongside strategic and tactical planning capabilities particularly valuable for market entry decisions and maximising performance during major events. The recently introduced customer profile feature harnesses AI to generate detailed, country-specific user profiles, adding another layer of strategic insight for operators.

Continue Reading

Latest News

CONCEPT: VERSATILITY AND EFFICIENCY IN SPACES

Published

on

Reading Time: < 1 minute

The CONCEPT cabinet line has been designed to maximize space in casinos, adapting to any configuration. Its efficient design allows for different bank arrangements, making the most of the available area. This gives operators greater flexibility in organizing their gaming floor.

Additionally, the integrated LED strips in CONCEPT eliminate the need for extra signs or wedges, creating a sleek and attractive visual at all times.

Continue Reading

Asia

Red Bull, Nissin Cup Noodles, and Kreo Join College Rivals Season 2 as Associate Sponsors

Published

on

Reading Time: 2 minutes

India’s premier college esports and gaming talent hunt, College Rivals, has secured three major Associate Sponsors for its highly anticipated Season 2. Nissin Cup Noodles, Red Bull, and Kreo have all come on board to support the Ampverse DMI-conducted event, each contributing their distinct energy and enthusiasm, as the official Energy Partner, Snacking Partner, and Kreative Partner, respectively.

College Rivals Season 2, featuring participation from over 2,00,000 students across various competitions, offers a prize pool of INR 50,00,000 and a prestigious professional gaming contract. Having kicked off in July 2024, the championship will continue in the following months before culminating with a Grand Finale scheduled for the first quarter of 2025.

“We’re thrilled to welcome top brands like Nissin Cup Noodles, Red Bull, and Kreo to College Rivals Season 2, which has grown exponentially this time around and is bigger and better than ever. These incredible partners will further enhance the student experience with immersive gaming, exciting activities, and creative engagements, adding new energy and thrill as we continue to inspire college-going students to engage with esports and gaming opportunities,” said Ashwin Haryani, Country Head, Ampverse DMI.

Red Bull, returning to College Rivals after a successful first season, brings extra excitement with their racing simulators and product samples in interactive zones, giving students a taste of the fast-paced energy of Esports. Nissin Cup Noodles, the event’s Snacking Partner, is bringing a flavorful twist to the action. With wet product sampling of their instant noodles, Nissin Cup Noodles seamlessly blends snack breaks with gaming.

Meanwhile, with their branded gaming peripherals, Kreative Partner Kreo is hosting interactive activities such as typing tests and giveaways, inviting students to engage with top-tier gaming gear at the country’s biggest collegiate gaming event.

“We’re absolutely fired up to be part of College Rivals Season 2! The energy is electric, with thousands of students from all over the country bringing their A-game. The fast-paced action, intense competition, and pure thrill of gaming make this event a perfect match for Nissin Cup Noodles which is the go-to snacking option for gamers” said Varun Oberoi – Vice President, Head of Marketing and Corporate Communications, Indo Nissin Foods.

Having expanded to 20+ cities and 58+ colleges, College Rivals Season 2 is engaging 11,00,000 students across India, providing the ideal stage to connect with brands that resonate with them. Nissin Cup Noodles satisfies with its instant snacks, Red Bull keeps the energy high with its action-packed drinks, and Kreo connects creative minds with top-tier gaming gear.

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.