Blog 10 – What happened and when at this years Belarus Gaming Congress
The online casino industry has been somewhat nomadic over the years, as it tends to not stay put in one nation for very long. From Peru to Gibraltar, it seems that the online casino industry has laid down roots in one former or another in various countries around the world. In many ways online casino operators chase the tax laws, as they are always on the lookout for the most favourable business environment. The latest nation to become a key host of online casino brands is Belarus, as many major brands have upped sticks and relocated to the nation.
Cementing the country’s status as a key online casino market, Belarus is now throwing an increased amount of effort
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It seems that the industry looks very favourably on bitcoin implementation, which will be music to the ears of online casino portal users. Bitcoin is all set to be a key industry element in the coming years, with its discussion at the Belarus Gaming Congress confirming its newfound importance.
Other Aspects
As with every other conference, laws and regulations were a keen point of discussion at the Belarus Gaming Congress. Since 2009 Belarus has been a key market within the industry, with its evolution now being key. Several names looked to talk about how the use of new technology will shape and mould the market into a modern industry. What was also discussed was how the laws will have to adapt to operators and vice versa. Belarus is steamrolling as far as online casino momentum is concerned, so as you would expect, how this momentum is managed is important should the industry wish to continue down the right path. The stage was set at the Belarus Gaming Congress and the speakers dually delivered, as there is now a real buzz surrounding Belarus as online casino market.
Business Focus
Making sure that the industry is ready for the next step; various business-focused discussions took place. Brand management was discussed at length too. It is clear that the industry within Belarus’ borders is gearing up for the future, so business growth is of the utmost importance. Unlike other markets, from what was seen
Gambling is becoming increasingly popular in today’s society. Major casinos and online gambling sites attract
Legalized casino gambling is still a very important topic that continues to cause controversy throughout the states. According to statista.com, the United States casino market had revenues of approximately 65 billion dollars in 2015. This revenue stemmed from the 1,511 casinos open throughout the United States (statista.com). The sheer amount of revenue the casino industry produces each year makes it a
Considering the immense popularity of online gambling and taking into consideration that land casinos are already legal in a number of provinces, it is high time to end the legal charades. There many considerations here, but mainly the Canadian public has continually moved pro- gambling ever since provinces were granted the right to choose back in the 1960s. It is important to take a look at the absurdities regarding Provincial jurisdiction, as it relates to the internet, and how offshore sites come into play.
Economic The Australian gambling market is remarkable in the world’s gambling industry. It has already been mature and showed a very strong growing momentum with 2.9% annually over the last five years, and it was predicted that the growth rate would be constant in a medium-term period. (Sudarsanam, 2011)There are four categories of gambling activities. Gaming is the largest type with the annual turnover over $10.2b, and other three types are Casino, wagering and lotteries, and the annual turnover was $3.2b, $2.6b and $2.1b respectively. (Sudarsanam, 2011)
Back in 1996, the explosion of online casino gambling swept the world. The United States had been a large part of this, and many gamblers had turned to online casinos for all of their gaming. For many years, these casinos continued to be played unabated. Unfortunately, back in 2006, legislation was passed that made it slightly difficult for online casinos to continue to operate. This legislation, sneaked in by piggyback through the Safe Port Act, would be named the Unlawful Internet Gambling Enforcement Act, and it became a thorn in the side of the online gambler, the online casino, and all payment processors there in.
Finally, an increase in job opportunities is a strong motivator for the legalization of gambling and casino development in a time where jobs are hard to find. Jobs are created in all sectors from planners, construction workers, dealers, table workers, cooks and kitchen staff, bartenders, wait staff, security, hotel staff, event coordinators, etc. Financial reasons are the most discussed reasons for the advocacy of legalizing gambling and casino development.
Given this revolutionary composition, Bogart Casino serves as a perfect example of what modern Bitcoin casinos should look like. Considering that incoming platforms will be equipped with such an arsenal, the Bitcoin gambling industry would completely penetrate the mainstream audience in no
With the age group consisting of anyone over 21, gambling is a main attraction when visiting a place like Las Vegas. People tend to spend their money mostly on the slot machines and multiple poker games taking place in the Casinos around the United States. These revenues go towards the workers of the Casinos and state taxes which benefits the other attractions surrounding the casino. The gambling industry has grown massively in little time, it has grown to make around 40 billion dollars a year. Generating this money contributes largely to make a better city or state for visitors or residents to enjoy. These casinos are usually looked down upon but they offer new horizons for men and women in the United States. The online gambling push is also coming to a close consideration with legality and within the next ten years should be completely legal (Bonesteel 1). Online gambling provides a different dimension of many businesses and also sports clubs. Most of the money from online sports gambling goes towards these sports clubs allowing them to expand their club and the league as one. As gambling begins to grow considerably larger in the United States, it is used as entertainment and recreation. As a whole, gambling allows any given city to grow economically and as whole, it brings in plenty amounts of revenue which also contributes to state taxes.
Gambling is a huge problem in the United States today. It is a billion dollar industry that only increases every year. Whether it is from Indian reservation to the strip in Las Vegas to your very own home online Gambling is an issue that has to be dealt with. Many people look at gambling as a problem but they don’t understand that is could also be a solution to our economy. Gambling is a billion dollar industry and could boost the economy if implemented correctly by the government.
Obviously, there are glaring inconsistencies with legalized gambling from state to state. Sports gambling and Internet poker are very popular among American gamblers in every state, but both remain almost entirely illegal in the U.S. There are some other gambling black markets, but sports gambling and online poker are the two primary underground markets of truly significant size. Millions of Americans skirt the law by gambling with companies based in different countries where that activity is legal. This is a lucrative market as approximately $30 billion was gambled by Americans with foreign Internet gambling sites from 2003 to 2010. Consequently, the Department of Justice and the FBI have shut down several high profile offshore gambling companies. Nonetheless, this type of activity remains readily available for American consumers as there are 85 countries with sanctioned Internet gambling.
For years casino gambling was portrayed in the media and Hollywood as being associated with criminal activities and the mafia. Now with proper scrutiny and government regulations casino gambling has become a lucrative business, with casinos stock even trading on Wall Street. Casino gambling is an ever increasingly popular and legal activity in many states throughout the United States. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study Commission Act). States that allow casino gambling benefit vastly by re-incorporating
The potential for growth in the casino industry seems unlimited. With hot tourist locations such as Las Vegas and Atlantic City, more and more Native American casinos, and the possibility of a legalized online gaming industry, large revenues for the casino industry seem inevitable. Serious thought, however, needs to be given to the
For the most part those based in Australia and New Zealand have had a fairly rough ride as far as online casino play is concerned. This is because the field has been restrictive as far as both operators and payment providers are concerned. But as of late things have begun to change, as new online casinos and payment providers have started to give the Oceania region the attention it deserves. Leading the charge for this new wave of Oceania based online casino play is POLi, a digital payment processor designed almost exclusively for residents of Australia and New Zealand.
While the total number of gambling enterprises has fallen in recent years the overall number of people employed in the industry has increases, suggesting that enterprises are now larger than they were a decade ago. The way people bet has been revolutionised of recent years with the online gambling industry taking over the
Blog 4 – What can players expect more of when it comes to online casino gaming in 2016?