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

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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.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: 4 Challenges the Online Betting and Gaming Industry Will Face in the 2020s

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Meridian Donate: Revolutionizing CSR in the Betting and Gaming Industry

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  • Innovative engagement strategy positions MeridianBet as a leader in CSR within the betting and gaming industry
  • Optimized brand loyalty as active customer participation in CSR strengthens connection and loyalty
  • Scalable impact, as the model is designed for expansion and could be adapted to new markets, indicating potential for widespread adoption and growth

Transforming Customers into Environmentalists and Humanitarians

MeridianBet’s pioneering initiative, Meridian Donate, is transforming the betting industry by engaging customers directly in corporate social responsibility (CSR) actions. This unique platform allows customers to actively participate in and fund various environmental, societal and humanitarian projects, setting a new standard for customer engagement and community impact.

Key Features of Meridian Donate:

  • Direct customer involvement: Customers are not just donors but active participants in CSR decisions
  • Diverse programs: Offers choices from global afforestation to local humanitarian efforts
  • Partnerships with renowned organizations: Collaborates with entities like the Red Cross and UNICEF

Expanding Impact: A Year-by-Year Growth

The Meridian Donate platform has seen substantial growth in its scope and impact:

  • Number of individual campaigns: Grew from 8 in 2021 to 20 in 2023
  • National markets Integrated: Expanded from 3 in 2021 to 8 in 2023
  • Direct Beneficiaries: Increased from 43 NGOs in 2021 to 159 in 2023

In 2023 alone, the platform’s expansion into eight markets facilitated 20 customer-funded campaigns, directly benefiting 159 NGOs, up from 122 the previous year.

Continued Commitment to Innovation and Community Involvement

Meridian Donate not only showcases MeridianBet’s dedication to CSR but also redefines the role of digital marketing within the industry. By converting sports bettors into active CSR participants, Meridian Donate enhances customer loyalty and brand value, making it a critical element of MeridianBet’s market strategy.

Recent Successes and Future Outlook

In its recent operation, Meridian Donate has launched an ambitious global afforestation initiative, committing to plant 20,000 seedlings across various regions. This project not only underscores our environmental commitment but also enhances our brand’s community presence. Already, several hundred contributions have been recorded in the platform’s first month, indicating robust customer engagement and support.

The post Meridian Donate: Revolutionizing CSR in the Betting and Gaming Industry appeared first on European Gaming Industry News.

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Imagine Live Launches Casino Hold’em

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Imagine Live proudly unveils its latest game addition – Casino Hold’em. This thrilling new game promises to elevate the poker experience for enthusiasts and novices alike, combining the excitement of traditional Texas Hold’em with the thrill of live casino action.

Casino Hold’em offers players a dynamic and immersive gaming experience. With sleek graphics, intuitive gameplay, and live dealers, players will feel seated at a high-stakes table in a world-class casino right from the comfort of their homes.

Key features of Casino Hold’em include:

Neon-lighting Studio: Casino Hold’em has a very inviting atmosphere. It features an elegant, well-designed studio with neon lighting that evokes a sophisticated gaming environment.

Captivating Gameplay: Stunning graphics and seamless gameplay transport players to the heart of the action.

Bonus Bet: In Casino Hold’em, players can place a Bonus bet alongside their initial Ante bet. Even if the Play bet is lost, the Bonus bet remains unaffected and can still be won if the specific hand criteria are met.

Multiplatform Compatibility: Enjoy Casino Hold’em on desktop, tablet, or mobile devices, allowing players to play anytime, anywhere.

“We’re thrilled to introduce Casino Hold’em to our players,” said Mikayel Aznauryan, Chief Product Officer at Imagine Live. “At Imagine Live, we’re committed to delivering premium gaming experiences, and Casino Hold’em is no exception. With its blend of live action, strategic gameplay, and neon design, we believe it will quickly become a favorite among poker enthusiasts worldwide.”

The post Imagine Live Launches Casino Hold’em appeared first on European Gaming Industry News.

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Relax Gaming increases Italian presence via Octavian Lab aggregation deal

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Relax Gaming, the iGaming aggregator and supplier of unique content, has further increased its footprint in the Italian market with Octavian Lab.

Octavian Lab is a software house and service provider for online gaming suppliers. Led by highly specialised technicians, the company is committed to the development of products, protocols and integrated solutions in key regulated iGaming markets.

This partnership will see Octavian Lab’s operator partners in Italy, including leading sportsbook and casino Eurobet, gain access to a host of popular Relax Gaming titles.

Eurobet players are now able to enjoy timeless classics from Relax Gaming including the hugely popular Money Train series, Wild Chapo 2 and Marching Legions.

Gianluca Crimaldi, Director of Italy at Relax Gaming, said: “In order to continue our hugely successful trajectory in key markets such as Italy it is imperative that we continue working alongside some of the industry’s best aggregators.

“We are delighted to partner with the talented team at Octavian Lab who are helping ensure our games reach Italian players via the country’s top operators.”

Emanuele Nocentelli, CEO of Octavian Lab added: “We are proud of our partnership with Relax Gaming, one of the industry’s leading providers of high-quality games. It’s fantastic to be distributing their portfolio via our Gaming and Aggregation platforms and we are confident that Relax content will resonate with a wide audience of players across Italy. We look forward to maintaining and building upon this partnership for a long time to come.”

The post Relax Gaming increases Italian presence via Octavian Lab aggregation deal appeared first on European Gaming Industry News.

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