The casino and gambling market is projected to grow by USD 90.22 billion by 2027
The casinos and gambling industry is expected to grow by USD 90.22 billion by 2027. This sector is characterised by fragmentation, attributed to the presence of numerous global and regional players. Geographically, the market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa, with North America projected to hold the largest market share.
During the forecast period, North America is expected to contribute significantly to the global market’s expansion, accounting for 38% of its growth. Several key factors drive this growth, including the widespread adoption of technology and digital platforms, coupled with the increasing trend of states legalising various forms of gambling. Furthermore, the relaxation of regulations has fostered a conducive environment for the casino gambling market in North America. These factors collectively propel the market’s growth trajectory in the region throughout the forecast period.
The Danish gambling regulatory body will block 83 gambling websites
Næstved District Court has recently granted approval to Spillemyndigheden, the Danish gambling regulator, to block 83 gambling websites within the country. This marks the tenth time that the regulator has successfully obtained court authorisation for such measures, bringing the total number of blocked sites to 359.
Spillemyndigheden employs a combination of automated searches and reports from citizens and businesses to identify unlicensed gambling platforms targeting the Danish market. It deems operators to be operating illegally if they display text in Danish, accept Danish currency, or use Danish payment cards. Should an operator persist in their activities despite requests to cease, Spillemyndigheden can seek court approval for site blocking.
Anders Dorph, the Director of Spillemyndigheden, remarked that they have heightened their efforts to shut down illicit sites, now achieving biannual blockings as opposed to the previous annual frequency. This allows them to target even more sites and reduce the duration during which Danish players are exposed to unlawfully offered games in Denmark.
Earlier, Spillemyndigheden launched a website dedicated to gambling.
Live broadcasts of licensed online casino activities will be featured on Twitch in the United States
PlayStar Casino, in partnership with SGG Media, is set to start live broadcasts of online casino games on Twitch through the Casino Stream project. This is one of the first fully compliant streaming shows following the prohibition in October 2022 on streaming gambling platforms lacking proper licensing in the United States or other authorised jurisdictions.
The program stands as an exclusive initiative of the PlayStar brand. It’s confirmed that the broadcasts will occur on a weekly basis, featuring the participation of three streamers from New Jersey. These streamers will present an array of games available at PlayStar Casino, providing viewers with a real-time glimpse into legal online casino experiences and slot machines. To ensure presenters become familiar with various gaming offerings during streaming sessions, each will be assigned a specific budget.
Pragmatic Play has announced the extension of its partnership with Ecuabet
Pragmatic Play has announced an extension of its partnership with Ecuabet. While Ecuabet’s players already enjoy access to Pragmatic Play’s slot portfolio, this extended deal will now incorporate the provider’s full suite of bingo content into the online casino’s offerings.
Victor Arias, VP of Latin American Operations at Arrise, expressed delight at seeing valued partners seeking additional products. With Pragmatic Play’s bingo content, Ecuabet and its players are assured of top-notch gaming experiences. Arias emphasised the strength of Pragmatic Play’s multi-product offering for operators, highlighting the company’s commitment to meeting the demands of players in the LatAm markets.
Arrise is the company responsible for powering Pragmatic Play.
This partnership marks another significant step for Pragmatic Play as it continues its strategic expansion in the LatAm markets.
Revenue from online gambling in Spain reaches €315.3 million in Q4
According to the latest report from the Spanish gambling regulator DGOJ, online gambling revenue in Spain reached €315.3 million in the fourth quarter. This marks a modest increase of just 0.6% compared to the same period last year and a 3.6% rise from the previous quarter. Deposits also saw growth, rising by 9.4% to €1.04 billion.
Online casino activities account for over half of the total revenue at €171.3 million. Slots revenue surged by 25.9% year-on-year, while roulette revenue increased by 15.3%. Sports betting revenue amounted to €114.7 million, followed by poker revenue at €25.4 million. Bingo contributed €3.8 million to the overall revenue, while contests generated €50,000.
The report also highlighted that the monthly average for active game accounts experienced a 6.8% year-on-year increase, reaching 1,269,585. However, the average for new game accounts declined by 2.3% to 129,207.
