The interest in the development of iGaming initiatives continues to grow across Asia and the globe as COVID19 continues to affect the revenue generated by land-based casinos. While there is good news on the horizon for many land-based jurisdictions with the re-opening of casino operations, the combination of fear among travelers and the sure-to-be stringent measures to protect public health and safety will surely continue to hurt the operations at large.
Meanwhile, the iGaming front has flourished in the past several month, on back of steady growth over several years. As of 2018, the global iGaming market was valued at $48.5 billion USD – with continued exponential growth expected.
While gaming jurisdictions in countries, states, provinces and prefectures around the world work to ensure public health and safety, it will become important to look at new opportunities to connect with customers via digital (i.e. iGaming) initiatives.
A recent article by the Bitcoin Association discusses this, and also some of the issues that have plagued the iGaming space for years. It is key that these issues are overcome and that iGaming grows in the eyes of gaming jurisdictions as a legitimate, safe and manageable means to reach gaming customers in this “new normal”.
View the article here: https://bitcoinassociation.net/enterprise/use-cases/bsv-for-igaming/igaming-on-blockchain/
