DCMS stated that the cost increase of license fees would assist UKGC control the industry’s challenging years ahead as new technological innovations and evolving consumer habits will reshape the industry on a global scale.

DCMS will enforce the following measures:

• Increase annual fees for remote operating licenses by 55%, October 1, 2021
• Increase all UKGC license application fees by 60% from October 1, 2021
• Non-remote operating licenses cost will increase by 15% until April 1, 2022
• Make adjustments to simplify the fees system, including removing annual fee discounts for combined and multiple licenses. It will take effect from October 1, 2021

DCMS stated that UKGC’s investment strategy would include obtaining expertise, and data analysis, related to technological innovation. It will improve its prevalence and participation in data collection.

DCMS focused on the commission’s need for staff training and better expertise as a regulatory agency controlling the high risk industry.

Editing by Rachel Hu

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In 2020, the market size of global gambling industry was able to reach a value of over USD 465 billion. Furthermore, this number is still expected to increase in the coming years as technology gets better than ever!

Therefore, we can expect that online casinos will be welcoming more players in the next few years. Some reports do suggest that by the end of 2021, the global gambling market value could grow as much as USD 516 billion. The future of the industry is just looking dazzling.

In 2019, the online gambling market size was estimated to be around USD 54 billion. By 2027, it should be able to reach over USD 127 billion with a CAGR of 11.5%.

Gambling and technology accompany each other when it comes to development. As online gambling expands, the bigger the demand is getting when it comes to an exquisite user experience. Here are the latest trends that are shaping up the future of online gambling.

Live Dealer Games

Many players are now starting to prefer live dealer games and live betting. Here, online players get to sit on a virtual table and interact with a live dealer. Some would also allow players to chat with each other.

Live wagering or also known as in-game or in-play betting is also popular among many punters. With this, they can place bets during live match. Usually, a live betting odd would only be available for a few seconds that using a betting app is the easiest for this.

Crypto Casinos

This is still in its infancy but it’s becoming more popular these days as bitcoin and other cryptocurrencies make more noise, and more are starting to use cryptos to trade online.

Nowadays, there are many online gaming platforms that are finally accepting cryptocurrency. There are even gambling sites that only welcome those cryptocurrency users.

Wearable Gambling

When online gambling began in the 90s, many thought that it would not go any further than that. However, after smartphones were created, online businesses quickly shifted to the mobile market.

Today, the mobile sector accounts for large amounts of the gambling industry. For example, as much as 80% to 90% of sports betting operated in New Jersey are from mobile market.

Apart from smartphone and tablets, wearables like smartwatch are also becoming more advanced today and players can just place bets with them. This could very well be an enormous trend in online gambling industry!

Editing by Rachel Hu

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“unless it is coupled with restrictive limits and is the only way to actually buy chips”, said a latest report published by the brokerage group.

In April, it is said that Macau was considering revising its legal framework to permit for the possibility of trial use of digital currency. No mention was made at that time of any likelihood of being used for casino gambling.

Most bets in Macau are currently denominated in Hong Kong dollars, a currency pegged to the US dollar. That means many tourists from mainland China must convert their renminbi, unless they have access to funds denominated in Hong Kong money.

In early December, the Gaming Inspection and Coordination Bureau denied it had talks with gaming operators on the possibility of using digital yuan in casinos.

“The cleaning up of Macau’s money flows, easier access to renminbi transactions in the city, and disintermediation of junkets would be a positive driver for continued growth in stable mass and premium mass” in Macau, added the Sanford Bernstein team.

Such a step could save significant costs. The report stated: “Imagine no ATM queues, no foreign exchange counters, no cages to manage which exchange cash/chips and count cash, “being able to get chips for digital renminbi instantaneously, or getting rid of the need for chips completely.”

Sanford Bernstein added: “In fact, even Internet access may not be necessary to make digital yuan transactions… a hardware digital token is all you may need for a Macau trip in the future.”

Editing by Rachel Hu

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On the outgoings side, “Genting Malaysia budgets MYR1 billion (US$242.0 million) of capital expenditure in 2021, and MYR500 million to MYR600 million annually thereafter, mainly for maintenance CapEx,” noted Fitch.

The institution noted Genting Malaysia was “on track” to open an outdoor theme park at its flagship property – Resorts World Genting – as well as a hotel at Resorts World New York City, “in mid-2021”.

“Genting Malaysia expects the theme park to draw an additional 1.5 million to 2 million visitors per year, and generate an additional MYR400 million to MYR500 million in revenue,” stated Fitch.

Fitch has issued a ‘BBB’ rating investment grade regarding some proposed U.S. dollar notes from Genting Malaysia. The institution also said Genting Malaysia’s long-term issuer default was ‘BBB’, with a negative outlook.

The notes are rated at the same level as Genting Malaysia’s issuer default rating as they will constitute direct, unsecured and unsubordinated obligations of the company. The company plans to use the proceeds mainly to refinance debt, according to Fitch.

Genting Malaysia’s rating takes into consideration “its moderate linkage to its weaker parent, Genting Bhd… ‘BBB’/’negative’, and we rate Genting Malaysia based on the Genting Bhd’s consolidated credit profile and the outlook is aligned with that of Genting Bhd”, said Fitch.

The institution said the negative outlook “captures the risk of a slower gaming recovery from the pandemic impact than we forecast, such that Genting Bhd’s leverage is elevated for an extended period.”

Editing by Rachel Hu

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Online casino is one such industry. It have been on the rise ever since the internet was able to offer safe, secure and stable virtual gambling experiences and has seen major increases with each new technological innovation.

With the rise of online casinos there was also a need for regulation, a governing institution to protect customers from illegitimate sites and to ensure that online casinos play by the same rules as their brick and mortar counterparts.

What of 2020, though? How could a year that was this tough on so many result in an industry that thrives on disposable income grow ever stronger, such as regulatory bodies finding a 25% growth in Spanish online gambling.

Considering how most of the world was stuck in doors throughout 2020 and are only now starting to safely venture out into the wide world again, home entertainment has gained all new traction over the past 16 months.

Streaming services like Netflix and HBO Max saw their memberships balloon exponentially and video games became an even more attractive alternative to real sports. By the same token, online casinos offered easy entertainment from the comfort of your home that can keep you occupied for months.

While it’s certainly true that disposable income took a hit in 2020, the promise of distraction from grim reality meant that any money normally bookmarked for a night on the town was instead dedicated to home entertainment.

Online casinos offer a couple of extra advantages that include the ability to emulate a real-world experience of going to a casino, it also allowed people to try and increase their disposable income on online poker, slots or blackjack games.

This hasn’t been limited to any one country either. Whether Malta, Australia, the US, Spain or India, the opportunity to hit an online casino instead of the real thing made online gambling industry worldwide a real boom last year and 2021 looks set to continue.

Editing by Rachel Hu

The post Why Online Gambling industry is expected to continue growing? appeared first on 博讯头条-全方位博彩新闻网站.

“This advisory can but only have a dampening impact on the potential revenue performance of Macau gaming industry,” remarked Ben Lee, managing partner of IGamiX Management and Consulting Ltd.

Macau junket investor, Luiz Lam Kai Kuong noted: “Even before China issued this advisory, the junket sector was already worried when the resurgence of infection cases were reported in several provinces.”

He added: “The most worrying thing is whether mainland China will again tighten the issuance of travel visas” for visits to Macau, “if the virus spread worsens”.

Hoffman Ma Ho Man, deputy chairman and executive director at Hong Kong-listed Success Universe Group Ltd, an investor in Macau casino resort Ponte 16 said: “It would be an exceptional performance if the business volume of the property could reach anywhere near half of pre- Covid19 levels during this Chinese New Year.”

The Ponte 16 investor acknowledged there was some uncertainty about the Covid-19 situation on the mainland – with what he termed “sporadic outbreaks” – and whether they could be successfully contained before the Chinese New Year break.

Junket investor Mr Lam observed: “There are several uncertainties ahead. First, we are not sure if the pandemic can be well contained. Second, new law of China will come into effect on March 1.”

He added: “This is definitely not good news. China has vowed to crack down on underground banking activities, this just made these activities more covert, and that hurts some players accessibility to their gambling funds.”

Macau’s junket sector was already braced “to prepare for the worst” for this year, as some of the local junket firms had extended cost-cutting measures, such as non-paid leave for their employees, Mr Lam explained.

延伸阅读：

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