Following the latest news on gambling, the International Betting Integrity Association (IBIA) has assessed and ranked 20 regulated gambling markets.
This evaluation covered almost half of all markets in the gambling industry worldwide and was conducted in cooperation with H2 Gambling Capital and other major gambling associations, including NOGA, EGBA, and BGC.
The IBIA’s report identifies the pros and cons of each betting market based on the criteria of tax and other criteria like regulation, product, integrity, and advertising.
The gambling market was divided into three groups: attractive, moderate to challenging and underdeveloped. In the first group, the UK and Sweden are ranked in the first and third position, respectively, whereas India has the lowest rating overall.
Furthermore, the assessment has presented an optimal gambling market solution based on ten key benchmarks. The benchmarks include no limits for licensing, robust player protection, offering online and offline betting, and taxes on betting are being set at 15-20 per cent in the GGR range.
German players could go offshore
The new tax restrictions, recently introduced in Germany, directly impacted the country’s relatively low rating in the IBIA’s evaluation. The German gambling market is recognized as “challenging” due to the fact that its 5,3% turnover tax and in-betting restraints could drive away consumers.
Furthermore, according to a study conducted by the Handelsblatt Research Institution, more than 40% of online casino players would switch to other offers if their playing conditions deteriorated. As players’ data is unprotected in unlicensed casinos, this could reverse player protection efforts.
Macau casinos’ face a setback
At the same time, casinos in Macau are preparing to face new challenges as the COVID-19 regulations strengthen due to a pandemic outbreak in the neighbouring Guangdong province.
Local authorities have announced new initiatives, including an obligatory Covid test for all visitors to the special region. The PCR test has to be completed 48 hours prior to the entrance. Moreover, players arriving from Guangzhou and neighbouring cities of Shenzhen, Foshan and Maoming must submit to 14-day self-isolation in one of the selected hotels. In addition, a temperature check and a Green Heath code are required for those entering the casinos.
Gambling experts noted that the strengthening of the regulations could result in a drastic decrease in Macao’s GGR, which has already dropped to 66 per cent, compared to a similar period in 2019.
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