Activity in any field ultimately bears fruit, the results of which can predict events for the near future. What happened on the gambling market in 2019-read more about the most important news in our article.
The main reasons for the fall of the market in Macau
The world gambling center, located in China, transmits news that generally indicates a drop in profitability in the land-based gambling segment and growth in the online sector. Around mid-autumn, the gambling market began to show a clear negative trend.
According to the Bureau of inspection and coordination of gambling establishments, even despite the indicators during the Golden week, revenue volumes decreased by 3.2%. In comparison with 2018, the influx of tourists was higher by 19%. The University of Macau, based on its own research, notes that the percentage of gamblers was the lowest (40.9%) and broke the anti-record set in 2016, when it was equal to 51.5%. Also, according to the city statistics and census service, in November the number of visitors to gambling establishments decreased by 10.9%, compared with the same period in 2018.
Golden week in China is called a long weekend in honor of holidays. The first is Chinese New year, the second is Labor Day, and the third is China's education Day.
The outflow of customers is also linked to the presence of competitors in neighboring countries and student riots in Hong Kong, which began in March, which negatively affect the tourist flow. Some experts are of the opinion that the decline in indicators may be related to the trade war between China and the United States, which has had a negative impact on the stock price. Another important factor is the ban on Smoking inside gambling establishments. According to the results of inspections in 2019, 1183 violations of Smoking norms were recorded.
Offshore casino Goa and ambiguities in the legislation in respect of gambling
Despite the long absence of a comprehensive system of regulation of the local gambling market, the government of Goa aims to move offshore casinos to another location or to completely ban them and focus on the land sector. The existing difficulties in moving floating casinos are related to the reluctance of the opposition party to place gambling establishments in the proposed locations.
A gambling Commissioner has recently been appointed and will soon address the issue of banning entry to establishments for the local population. The purpose of the ban is to minimize the possible harmful effects of gambling. The creation of a land-based casino at the airport, located in the Northern part of Goa, is also being discussed. It is interesting to note the results of a sociological survey, according to which local residents have never shown much interest in gambling. Only 1.1% visit the casino about once a month.
Protecting players in the UK
An example to follow in terms of protecting gamblers from the potential threat of ludomania is this country, which is regularly shown by its actions. In September 2019, a gambling addiction treatment service was introduced, where people with diagnoses can get support from specialists.
Since the beginning of October, a 24-hour national gambling helpline has been operating in the UK in a pilot mode. The hotline provides assistance to those who apply via online chat or Freephone channel. Working 24 hours a day allows you to receive calls from gamblers who prefer to play in the casino early in the morning or at night.
For its part, the advertising standards authority has produced satisfactory results regarding the risks that minors are exposed to. They attribute this to a reduction in the number of views of advertising gambling videos on television.
Lottery operator Camelot has introduced a training program for employees to identify problem players and provide them with relevant information about where they can go to get help.
The government also intends to ban advertising of gambling games on athletes 't-shirts and accepting bets online from customers' credit cards. These measures are designed to reduce the involvement in gambling. Also in the UK, the activities of organizations aimed at preventing problem gambling are regularly funded. The largest beneficiary in the past year has been the gambling Research exchange.
Sweden – the fight against money laundering and honesty in relation to operators
Gambling operator Spelinspektionen is looking for ways to increase fines in order to counter money laundering more effectively. It is worth noting that today the amount of the fine for violation of the rules is 1 million euros. If such a violation is classified as a violation of the gambling legislation, the operator will have to pay 10% of the annual turnover. In the context of the presentation of measures to counter money laundering, a reporting system was introduced in the autumn, aimed at identifying suspicious transactions that may also be related to the financing of terrorism.
At the same time, the Swedish government remains honest with the operators and has reduced the fines for two operators (Aspire Global and Genesis Global) who violated the rules under the terms of self-exclusion of customers in court after making calculations on gross turnover. Also in mid-autumn, after taking into account the extent and nature of the violations, the administrative court reduced the amount of the fine to the gambling operator Casino Cosmopol, which violated the license terms related to the financing of terrorism and money laundering.
By the way, the first IR Expo was held in Japan.
Also in 2019, the gambling operator gave a five-year license to a company that claims to be a leader in the field of eSports. LeoVegas pixel.bet now has the right to offer sports betting and online casinos in the Swedish gambling market. The developer company Wazdan also received a license from Spelinspektionen. Thanks to this, the company will increase the number of partner agreements and strengthen its position in the region.