Success in the rapidly changing iGaming industry depends on more than luck; it also needs a strong base in licensing and regulation. Here at EEZE, we understand how important licensing is in an ever-changing business. In this article, we would like to share some important elements with you about licensing and regulation from different countries.
Starting off with Europe, the iGaming market is set for explosive growth as it is estimated to surge from USD 47.11 billion in 2023 to a staggering USD 79.42 billion by the year 2028, boasting a remarkable CAGR of 11.01%. These figures will probably intrigue you with the vast potential that Europe has to offer. Let’s take a look at a few examples.
Italy, a bastion of iGaming innovation, boasts an intricate licensing system administered by the Agenzia delle Dogane e dei Monopoli (ADM). Encompassing a spectrum of offerings from sports betting to virtual events, casinos, and poker, advertising constraints have marked the market, but this could all change with a new tender that might reshape the country’s iGaming landscape.
In Finland, contemplation is underway regarding a transition from the state monopoly model to a more liberal licensing system. At the same time, Ireland, too, is primed for a regulatory overhaul with the Gambling Regulation Bill 2022. On the other hand, Sweden, known for its stringent regulations, is broadening its oversight to encompass B2B providers.
Here at EEZE, we have cultivated partnerships with prestigious casinos all over Europe. Our partners have access to captivating tables, featuring player favourites such as Blackjack, Roulette, Baccarat, and more.
We have also been keeping an eye on Latin America and its dynamic landscape of regulatory developments. Home to a population of over 600 million people, Latin America holds immense potential in the iGaming world, especially with its recent technological advancements, wider internet access, and evolving regulatory frameworks. In fact, it is estimated that by 2027, the Latin American iGaming market will reach a staggering USD 7.38 billion in revenue.
For starters, Brazil has taken a significant step forward by enacting a provisional measure to regulate sports betting while exciting prospects such as the possibility of lower tax rates for operators are in the pipeline. Uruguay is also gradually embracing online gambling yet concerns about control and access have arisen.
Peru is in the process of updating its regulatory framework, expected to conclude by the end of 2023 while Colombia has established comprehensive regulations for online gambling with a strong emphasis on responsible gambling practices and ongoing tax reforms.
Offering an ‘All in One’ solution, EEZE is here to simplify the live casino experience, catering to the unique preferences of Latin American players.
With a population exceeding 1.3 billion, India presents a wholesome iGaming future for eager gaming enthusiasts ready to experience the world of live casino games. In fact, India’s iGaming market is currently undergoing significant changes in which clear rules and guidelines are being laid down, promising stability and growth.
EEZE understands the importance of local culture and language which is why we present the option of localised content to our partners so that their Indian players can have an authentic and immersive gaming experience.
Get in touch with us today to find out how EEZE can help you offer something unique in the iGaming sector.
If you’re interested in knowing about EEZE, our products and iGaming in various parts of the world, find us at SiGMA, Booth Number 4020.