According to the research conducted by Statista, the revenue in the global online gambling market is expected to achieve an astonishing USD 97.70bn by the end of the ongoing year. The predictions say that the approximate growth rate per year should exceed 6.4%, which would result in an estimated annual revenue of over USD 133bn...
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Tag: Market
Indonesia Warns Payment Providers On Online Gambling
The Ministry of Communication and Information Technology (Kominfo) of Indonesia has issued a stern warning to 21 Payment Service Providers (PJP), cautioning them against facilitating financial transactions for online gambling or other illegal activities. This move is part of a broader effort by the Indonesian government to curb online gambling activities, which are illegal under Indonesian...
NCLGS Makes Model For Legislation For US Online Gambling
As the US online gambling landscape evolves, the National Council of Legislators from Gaming States (NCLGS) is stepping up to provide a much-needed framework for legal online gambling. In a bold move to streamline and standardize legislation, the NCLGS is developing a model bill that aims to guide lawmakers across the country in implementing online gambling...
Bally’s Corporation Joins Responsible Gaming Association
Bally’s Corporation has announced its partnership with the Responsible Online Gaming Association (ROGA), marking a significant step towards promoting responsible gaming practices in the online gaming industry. Embracing Responsible Gaming Initiatives As a founding member of ROGA, Bally’s is poised to collaborate with leading industry players to elevate responsible gaming standards. ROGA’s mission centers around...
Why ESPN’s rival to FanDuel and DraftKings is flailing — and how it could make a comeback
ESPN made a splash last year with its much-awaited foray into sports betting, but its app’s recent struggles show the long, hard road that faces any brand hoping to catch up to industry leaders FanDuel and DraftKings. The future of ESPN’s sports-betting app is now in question amid mounting losses and an activist investor push...
Three Casino Representatives Joined the LCB Forum in May 2024
There’s no better way to get to know what an online casino offers than to inquire with a person who comes directly from the said casino. Realizing that, we created a special corner on our support forum a long time ago, giving players a chance to communicate with representatives directly, and have their questions answered...
Technical Breakout Stocks: How to trade PNC Infratech, BEML and IRB Infrastructure on Thursday
The Indian market closed in the green on Wednesday. The S&P BSE Sensex rose 267 points while the Nifty50 closed just below 22,600 levels. Sectorally, buying was seen in utilities, energy, FMCG and realty while selling was seen in metal, banks, consumer durables and oil & gas stocks. Stocks that were in focus include names...
New Regulations For Gambling Consumer Protection Are Here!
The Gambling Commission has announced sweeping changes aimed at enhancing safety and empowering consumers within the gambling industry. These changes, outlined in alignment with the Government’s High Stakes: Gambling Reform for the Digital Age White Paper, encompass various aspects crucial to fostering responsible gambling practices and customer protection. Financial Vulnerability Checks and Frictionless Financial Risk Assessments One of the key...
Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
But first, let’s make a wager. If this was forwarded to you, sign up here. The big story Sports gambling goes Wall Street iStock; Rebecca Zisser/BI How would you like to turn $100 into $1.7 million in a little over a year? Wayne Shelton has a shot at generating the type of return hedge funds...
Australia Online Gambling Market is Booming and Predicted to Hit US$ 8.5 Billion by 2032
Australia Online Gambling Market Report By IMARC Group BROOKLYN, NY, USA, May 10, 2024 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently released a report titled “Australia Online Gambling Market Report by Game Type (Sports Betting, Casino, and Others), Device (Desktop, Mobile, and Others), and Region 2024-2032.” The study provides a detailed...
China Online Gambling Market Overview, Industry Growth Rate, Research Report 2024-2032
China Online Gambling Market Latest Report 2024-2032 BROOKLYN, NY, USA, May 3, 2024 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently released a report titled “China Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the China online gambling...