Online Casino Industry Trends for the Year 2014
Our gaming insiders at CasinoWebScripts have recently gathered information regarding the latest trends in the online casino industry for the year 2014. We have observed that real-money internet gaming and betting is spreading worldwide, several nations around the world creating regulatory frameworks to legalize the market. Operators who are looking to start a white label casino will have more options to deliver gambling services to players, since the gaming market is starting to expand worldwide at a fast pace.
One of the greatest online casino trends for 2014 is the development of crypto-currency casinos. Operators who want to start a white label casino with Bitcoin, or a gambling site that supports any other crypto-currency payment method, would have the opportunity to tap into a profitable market that will become even more popular among gamblers in the near term. Another major trend in online gaming and betting is social gambling, as operators are looking forward to offering gambling services to players on social networks.
Despite the fact that the majority of online casino players still gamble at their computers, in the comfort of their own homes, mobile gaming is also starting to make its mark on the online gambling scene. The spread of smartphones and tablets would influence the mobile gambling market to grow tremendously during the following years. Gaming analysts have explained that mobile and tablet gaming could increase at almost 40 percent of the total gaming market by the year 2018.
The development of online gambling worldwide is starting to make governments want to act and regulate the market, in order to combat the loss of jobs and taxes due to gamblers who play at offshore or illegal casinos. By creating licensing regimes to regulate the online gambling market, governments are looking to attract operators who want to start white label casinos that would contribute in terms of jobs and revenue.
The European online casino market has seen several big-scale changes since the beginning of the year. The United Kingdom has taken measures to prevent gamblers from playing at offshore websites by introducing the point of consumption tax. Starting this year, all operators who provide gambling services to UK residents, whether they are based in the UK or in another jurisdiction, will have to comply with the UK gambling law. Germany is also starting to open up to internet gambling, since several operators have already applied for gambling licenses in order to start online sports betting sites. Russia is expected to legalize online gaming in 2014, but operators who start white label casinos would probably not be allowed to do business in several parts of the country, due to restrictions.
In the United States, online gambling has already been legalized in Nevada, Delaware and New Jersey. Several other states, including Mississippi or New York, are starting to consider passing bills into law in order to create licensing regimes for online gambling. The US gaming market is starting to expand at a really fast pace, and operators who want to start white label casinos could soon have the opportunity to reach gamblers from several North American states.
In the Asia-Pacific region, the online gambling industry could expand rapidly in Japan. A bill that would legalize online casinos has already been submitted, and the government is expected to give a response regarding their decision in the near future.
In Latin America, Mexico is expected to partner with North American states, in order to increase their player database and technology know-how. Argentina is still a leader in the Latin America online gambling market. In both Mexico and Argentina, internet gaming is only legal under a special licensing regime.
Africa also awaits internet gaming legalization during this year, the first legal online casino already being up-and-running in Kenya.
BY CASINOWEBSCRIPTS PUBLISHED 8 April 2014