WITHIN THE BUSINESS OF THE ONLINE GAMING INDUSTRY

ONLINE GAMING

For centuries people have played games of chance with bets included with each other, both informally and in an organized way. Nowadays people continue to play different modern gambling games so frequently, but in casinos, card rooms and increasingly online. Online casinos are the internet response to the high demand of players to have an accessible place to practice their hobby. And with mobile technology and internet speed improvements, it is becoming easier to play online. Despite the harsh regulations and constant opposition of some sectors, the online gaming industry has seen steady growth over the past decade and economists expect it to continue.

The online game has grown thanks to several factors such as internet penetration, the opening of new markets, new players registering and more. Since 2005, the online gaming market has increased 2.5 times and is estimated to generate some 29 billion euros in the current year 2014. Since the beginning of the online game, a number of important players within the industry have emerged. Each online game company tries to stand out from the others by offering different packages, new games, promotions, system updates etc.

MOBILE GAME

With the advancement in mobile technology and the popularity of smartphones, as well as other internet devices such as tablets, the online gaming industry has revolutionized and is increasingly high. Online players increasingly prefer the online mobile casino for the convenience it offers by giving the opportunity to play online gaming from anywhere and at any time from Android, iPhone or iPad devices. In response to this, online casino operators increasingly offer more and better software solutions for their customers who prefer the mobile casino. Statistics indicate that the online game will generate 100 billion dollars in 2017 and surpass the traditional online game on the computer in less than five years.

PLAYERS

The game market is becoming more and more diverse, and the typical stereotype of the adult male player no longer applies. There are more and more women enthusiasts of the online game, even representing 40% of the market. The age of gamblers has also changed, since as society becomes more technological, younger online game fans become. Currently only 30% of online players exceed 50 years.

Lottery, skill games, bingo, online casino games, poker and sports betting are the different divisions of the online game. However game preferences depend on gender. According to some studies, women prefer to play bingo, but with the interest in other online games of chance it goes up. Game behaviors also vary between men and women. Women usually play longer game sessions but less money, while men play shorter sessions for more money. Generally men play for the excitement and adrenaline that the online game offers, while women do it as a form of relaxation.

THE GLOBAL ONLINE GAMING INDUSTRY

With the growing popularity of online casinos, more and more countries within the world allow and regulate online gambling. Online gaming websites represent millions of euros in the economy by generating a significant number of jobs as well as income for governments for taxes.

Europe is the leading area in terms of online game regulation in 파워볼 field. The United Kingdom has become the industry leader with a huge growing market of £ 2 billion. Many British gamblers choose to bet on online sites based on places like Gibraltar. The British government decided that the taxes for online gaming are based on the location of the residence of the player as of December 2014, this to avoid tax evasion.

Meanwhile, in our motherland, Spain, the game is regulated as of June 5, 2012, allowing online gambling fans to play safely in different online casino games including online slots, as well as other types of games. Games with bets like poker, bingo and lottery. Online gaming sites must now be licensed, have a .es web address and have the Secure Game logo.

Since the regulation of online gaming in Spain, new jobs have been created in the sector and millions of euros have been generated for taxes.

In Denmark, the government passed a law in 2010 where the online game is regulated and licensed under the Danish authority of the game.

Meanwhile in the Netherlands, online gaming remains illegal, but to the joy of game enthusiasts, in 2015 the first online casino in the Netherlands will be legally opened.

In Germany the online game is in an undefined legal status, but it is estimated that it will soon be regulated.

The Italian government is very strict in the regulation of the game and each site requires a license to operate. Italy is a huge market since it represents almost one hundred billion euros a year, which is 15% of online gaming worldwide.

In Portugal the online game is in the process of regulation, but there are many online casinos that operate for the growing market. In Greece the game has been operating for 10 years and a license is currently required to operate.

In America the situation is different, in Mexico online gaming is allowed under special licenses and online sites are becoming increasingly popular. Meanwhile, in Argentina they have the largest number of registered players among Spanish-speaking countries and in the same way online play is allowed under special licenses. In other Latin American countries the online game is not defined under the law, so it is in a gray area.

In Eastern Europe the situation is similar, since in Russia, casinos and legal bets are regulated very strictly and is increasingly popular. As for Poland, a member of the European Union, the online game continues to be illegal despite the fact that it is popular among Polish players, which generate about 1,500 million euros per year for illegal casinos, of which the state does not receive any tax.

As for Brazil, this country represents the largest market in Latin America, although legally it is only allowed to bet online in horse racing. However, online casinos are popular with Brazilian gamblers, which bet hundreds of millions of euros every year. It is expected that with the arrival of the World Cup, online betting in Brazil will increase considerably.

In other parts of America, the situation is different. In the United States, online gambling is legal in three states, and this is very recent since New Jersey, the third state, barely legalized the game in early 2014. While in Canada the government operates online lottery and other forms of betting it which generates millions to the state.

As for the Far East, online gambling is restricted in most of these countries and territories, despite this, there are some illegal online gambling sites for different countries. Although Macao and Singapore represent two of the largest physical betting markets worldwide, the trend of online gambling has not been followed. Asians have the reputation of being the most passionate and crazy players in the world, so surely if countries like China or Japan legalized online gaming, this would represent a good income for the state.

In Australia the online game is so popular that every year it grows 30%.

In Africa, information on online gambling is limited and is an emerging market just in its infancy, however in Kenya the first regulated online casino opened in 2013. While in South Africa there are legal sites for sports betting and horse racing, but For online casinos, wait until the legislation is completed, which is estimated to happen in 2014.

IN SUMMARY

Despite the different situations regarding regulation, something is clear – The global online gaming industry is here to stay. In the following years surely the profits from online gaming will be hundreds of billions of euros and most game enthusiasts will play using their mobile devices. The more countries regulate the online game, the more this important business will grow.

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