The evolution of iGaming in Europe: A closer look

Content Team 3 months ago
The evolution of iGaming in Europe: A closer look

Staying ahead of the curve is crucial for operators in the iGaming industry. Europe, with its diverse regulatory landscape and rich gaming culture, remains a hotbed of innovation and transformation in the industry.

In fact, the European iGaming market is poised for explosive growth, with projections indicating it will surge from USD 47.11 billion in 2023 to an impressive USD 79.42 billion by 2028, showcasing a remarkable CAGR of 11.01%.

In this article, we’ll be exploring the latest developments that are shaping the iGaming landscape across the continent and why you, as operators, should tap into this market with us by your side!

Italy: A comprehensive licensing system

Italy has long been a player in the online gambling scene, and it boasts a comprehensive licensing system under the Administration of State Monopolies (ADM). This system covers various aspects of iGaming, including sports betting, virtual events, casino games, poker, and more.

However, recent advertising restrictions have left their mark, making it challenging for operators to market their services effectively. But there’s a glimmer of hope on the horizon. Italy is preparing for a new tender for remote gambling licenses, which could potentially reshape the entire industry in the country. This initiative opens the door to new opportunities for operators willing to navigate this evolving market.

Greece: The path to industry growth

Renowned for its rich history and ancient civilisation, Greece is also making a significant impact on the modern iGaming landscape. In recent years, the Greek government has been actively reshaping the regulatory framework for online gambling. One of the most notable developments is the introduction of a new licensing system, allowing both domestic and international operators to apply for licenses to provide online betting and casino services in the country.

This move has not only opened up new opportunities for iGaming companies but has also generated increased tax revenue for the Greek government. As Greece continues to evolve its iGaming regulations, the country is poised to become a key player in the European online gambling market.

Finland: From state monopoly to licensing

Finland is contemplating a shift from its long-standing state monopoly system to a more liberal licensing approach. The increasing market share of offshore gambling operators has prompted this rethink. Stricter enforcement measures and regulatory reforms are on the horizon. This shift could open the door to more competition in the Finnish iGaming market, providing both challenges and opportunities for operators looking to expand their reach.

Denmark: Putting innovation and player protection in focus

The Danish iGaming market has maintained steady growth, driven by a well-established and transparent regulatory framework. One of the latest significant developments is the Danish Gambling Authority’s efforts to strengthen consumer protection measures, including strict responsible gambling requirements and increased focus on preventing underage access to online gambling platforms.

Moreover, Denmark’s embrace of technological advancements, such as mobile gaming and live casino offerings, keeps the industry dynamic and competitive. As Denmark maintains its commitment to a responsible and innovative iGaming environment, it stands as a model for other nations seeking to strike the right balance between industry growth and player protection.

Sweden: Extending oversight to B2B providers

Sweden, known for its stringent iGaming regulations, is extending its oversight to B2B providers. New licensing requirements will impact gaming software providers, with the primary goal of reducing illegal gambling in the country. This development presents challenges for software providers but also an opportunity to establish themselves as compliant and reputable partners in the Swedish market.

Lithuania, Estonia & the Netherlands: Certification for a fair gaming experience

In recent developments within the iGaming industry, Lithuania, Estonia, and the Netherlands have introduced certification requirements for Live Casino providers, underlining their commitment to ensuring fair and secure gaming experiences for their citizens. These certificates mandate that Live Casino operators meet stringent standards of transparency, game integrity, and responsible gambling.

By implementing such rigorous regulatory measures, these countries are not only safeguarding their players but also providing a clear path for Live Casino providers to enter their markets, promoting a healthy and competitive iGaming landscape.

EEZE: Elevating the European iGaming experience

EEZE offers access to nearly 60 captivating table offerings, including player favourites like Blackjack, Roulette, Baccarat, and more. Our Live Casino product is highly customisable, offering the flexibility to tailor the offering to align perfectly with your brand and player preferences.

We’re here to help you strengthen your position in the European iGaming market. As the iGaming landscape in Europe continues to evolve, it’s crucial for operators to stay informed, adaptable, and innovative.

EEZE is your trusted partner in navigating this dynamic industry. Find us at SiGMA, Booth Number 4020.

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