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The Recovery of the Gambling Business in the World

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The impact of the pandemic has affected almost all of its areas, including the game. Now that the coronavirus is slowly receding, global business has a long road to recovery. The gambling business is already looking forward to opening the doors of land-based casinos. The largest bookmakers, with a 22Bet in the forefront, are already making lists of sports events favorable for betting.

How the gambling business is recovering all over the world, we will tell in this article.

 

Development Forecasts

The impact of the coronavirus infection on the gaming business is reviewed daily. Despite all the difficulties, bookmakers and casino owners still have every reason to be optimistic. Khalid Ali, director of the International Betting Integrity Association, thinks so.

Analysts previously thought the size of the South American and US markets was estimated at $72 million. In the next 5 years, this volume should have increased at the speed of a geometric progression. Yet, the pandemic has changed everything.

Analysts predict that the financial performance of the gambling business will fall 12.1% ($ 415 million) over the year.

But don’t think that everything is so bad. Here is what Khalid Ali has to say about this:

“Soon all the competitions will resume and the casinos will open their doors. The gambling business must be ready for a sharp surge in user activity. After all, when that happens, user interest will increase. ”

 

Ways to Restore the Gambling Business

Today the gambling business is slowly reviving. A large number of casino halls have already opened around the world. And bookmakers have resumed their work and introduced new bets and offers.

To recover faster, the gambling business uses the following recovery paths:

  • New proposals. Recently, bookmakers have begun to introduce new betting offers. They began to focus on local events, not world ones. This is not just about traditional sports.
  • Reorientation. In the bet lines, they began to take bets on the result of political, social, and economic events. For example, betting on the results of political elections has become popular with clients. Thus, diversification for the gambling business has become another tool for recovery.
  • New security measures. Most casinos around the world have introduced new security measures. So, in the gaming halls social distance, wearing masks, and regular disinfection of premises have become mandatory. Besides, the halls began to fill not 100%, but 50. Agree, this is much better than a completely closed casino.
  • Maximum readiness for the influx of customers. After the lifting of restrictive measures, users will begin to bet and play poker with increased interest. Now they are preparing themselves as much as possible for a heavy load.
  • Fight against fraudsters. Most clients choose licensed gambling companies that do their job honestly. Yet, in order for the gambling business to recover, it is necessary to monitor contractual matches to prevent them. Bookmakers, casinos, and other representatives of this business are interested in this. After all, clients value openness and reliability. Which is part of the reputation of gambling companies.

Translated text available in Portuguese.

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Industry News

MiFinity to Showcase Innovative iFrame at SiGMA 2024

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MiFinity, a leading global payment services provider, is excited to announce its participation at SiGMA 2024, held in Malta from 12 to 14 November. Visitors can find MiFinity at Stand 2012, where the team will be showcasing its award winning PayAnyBank service, and the latest version of the MiFinity iFrame and demonstrating how it helps iGaming operators acquire and retain players with a seamless, flexible payment experience.

Paul Kavanagh, CEO of MiFinity, commented: “SiGMA is a fantastic opportunity for us to showcase our latest developments and engage directly with the iGaming community. The MiFinity iFrame is a game-changer for operators looking to streamline their payment processes and enhance the player experience. We look forward to demonstrating its capabilities and connecting with both existing and prospective partners.”

MiFinity’s Business Development and Account Management teams will be on-site to discuss the new iFrame features in-depth and highlight how MiFinity can optimise payments for iGaming operators. They will also be showcasing MiFinity’s innovative suite of payment solutions developed specifically for the iGaming sector, including MiFinity PayAnyBank — a powerful tool that enables operators to send payouts directly to players’ bank accounts in multiple countries and currencies, enhancing the user experience with faster, more localised transactions and reduced FX fees.

The MiFinity Affiliates team will also be available to explain the benefits of MiFinity’s affiliate program, which offers some of the highest commissions in the industry and unique promotional opportunities via the MiFinity Bonus website.

Meet the MiFinity team at Stand 2012 at SiGMA 2024 to learn more about the company’s solutions and how they are transforming the iGaming payment landscape. Pre-book a meeting with the MiFinity team or drop by the stand during the event to explore how MiFinity can support your business.

Book a meeting here > outlook.office365.com/book/[email protected]/

 

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Industry News

Dutch Mental Health Care Calls for Total Ban on Online Gambling Advertising

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The Dutch mental health service is calling for a total ban on online gambling advertisements in the Netherlands.

Although a ban on untargeted gambling advertisements and a ban on the use of role models has been in effect since 2023, a recent research by KRO-NCRV’s Pointer shows that (illegal) gambling companies and sports tipster platforms are still enticing young people via social media such as TikTok and Snapchat.

By using influencers and terms like “free money”, they try to attract a young audience and thus lower the threshold to start gambling. This concerns both legal online casinos and online casinos that do not have a license in the Netherlands. The Gaming Authority has started an investigation based on Pointer’s findings.

Pointer’s research shows that part of the gambling industry deliberately targets young people who are often susceptible to promises such as “fast money” and the influence of role models. Ruth Peetoom, chair of the Dutch mental health service, compares this approach to that of the tobacco industry, where similar marketing strategies were used to get young people to smoke.

Despite the existing advertising ban, gambling companies continue to explore the boundaries of the law, according to Peetoom. The Dutch mental health and addiction care associations in the Netherlands therefore push for a total ban on online gambling advertising and stricter rules for the duty of care of gambling providers.

With the call for a total ban, the Dutch mental health care sector hopes to prevent further normalisation of gambling behaviour among young people and to protect them from the temptation and consequences of online gambling.

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Compliance Updates

UKGC: Market impact data on gambling behaviour – operator data to Oct 2024

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UKGC: Market impact data on gambling behaviour - operator data to Oct 2024
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The Gambling Commission has published further data on the gambling industry in Great Britain.

This data, sourced from operators, reflects the period between March 2020 and September 2024, inclusive, and covers online and in-person gambling covering Licensed Betting Operators (LBOs) found on Britain’s high streets.

Comparison should not be made with the industry statistics dataset, as this dataset may include free bets and bonuses and does not include data from all operators.

This release compares Quarter 2 (Q2) of financial year 2024 to 2025, with Q2 of 2023 to 2024, looking at how the market has changed in comparative periods over a year.

The latest operator data shows:

  • online total Gross Gambling Yield (GGY) in Q2 (July to September) was £1.32 billion, an increase of 11 percent from Q2 the previous year. The overall number of total bets and/or spins increased 12 percent Year-on-Year (YoY), reaching a new peak for the third consecutive quarter of 25.2 billion, whilst the average monthly active accounts2 in the quarter increased 8 percent
  • real event betting GGY increased by 6 percent YoY to £453 million. The number of bets decreased 10 percent, while the average monthly active accounts in Q2 increased 9 percent
  • slots GGY increased 16 percent to £680 million YoY. The number of spins increased 13 percent to 23.3 billion while the average monthly active accounts in Q2 increased 16 percent to 4.4 million per month. Although this is a new peak for GGY in this dataset for the slots vertical, it should be noted that one operator has re-classified some of its products into the slot vertical this quarter, which has had an impact on the vertical data
  • the number of online slots sessions lasting longer than an hour increased by 9 percent YoY to 10 million. The average session length remained at 17 minutes. Approximately 6.1 percent of all sessions lasted more than one hour compared to 6.6 percent in Q2 the previous year. The number of spins per session has fallen from 147 to 142 YOY, whilst the GGY per session has fallen from £4.20 to £4.13 in the equivalent timeframe
  • LBO GGY decreased by 1 percent to £533 million in Q2 2024 to 2025, compared to the same quarter last year, while the number of total bets and spins decreased by 0.1 percent to 3.1 billion.
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