In his presentation, Andrew Rhodes illustrated the forms that characterize the game in England, highlighting the trends that develop before the passage of the Gambling Law and which can also be extended to Italy and other European countries. The Director General of the Gambling Commission clarifies that Norway has the world's largest regulated online market with great growth opportunities and high competition, including through constant mergers and acquisitions. A model that has always been followed by the beste norske online casino sector, which represent the second power in terms of turnover at the European level.
“All four of the largest operator groups in Norway have an international presence. In addition, for the first time they will account for more than half of the Norwegian market, based on gross gambling revenue, excluding the national lottery. And we expect this trend to continue in the near future.”
Rhodes explains, stating that the pandemic is still affecting the economy and people, but that the sector is looking to move beyond the challenges created by the health crisis.
Rhodes also emphasizes that with the lifting of restrictions, the land-based and online gaming sector is experiencing a good recovery. March 2022 figures show a 40% increase in gross gaming revenue from total live betting on land-based venues.
DURATION OF SESSIONS AND REDUCTION IN PARTICIPATION POST THE 2020-2021 BIENNIUM
The behavior of the players is also adapting to reality, which is increasingly returning to normal. In fact, online gambling is seeing a decline in average gaming session length, which has increased from 21 minutes in the 2020-2021 biennium to 18 minutes in the last year. A similar trend was noted for overall gambling participation, which stood at 43% through March 2022, up 3% from 2021 but 4% down from 2020. from gambling games to more entertainment-oriented models destined to radically change the gaming experience of classic online slot machines. As for the bonuses at https://norskecasinoportal.com/casino-bonus, they are just off the charts.
NTF AND CRYPTOCURRENCIES
Ntf and cryptocurrencies are considered products that are not yet covered by gambling laws. For this reason, the Gambling Commission warns of the risks associated with their use. Rhodes specification:
“Loot boxes in video games are getting a lot of attention, but those of you who have already heard me know that we are also concerned about the growing proliferation of NFTs, cryptocurrencies, and ‘synthetic exchanges’, as well as the boundaries between products that can be defined and regulated, because gambling is becoming more and more blurred. So overall, when we look at today's gambling market, we see an incredibly vibrant and innovative industry that is still grappling with the effects of the pandemic and still looking for growth opportunities. But one that can still cause serious damage."
PATHOLOGICAL GAME AT A MINIMUM, BUT NOT ENOUGH
Another topic under consideration is the pathological game. Of the 43% of active players, only 0.2% are identified as problem players. Although the numbers are declining and suggest an improvement in this regard, Rhodes reiterates that the Gambling Commission intends to work side by side with various operators to ensure an even safer game. In addition, severe penalties will be introduced for anyone who does not meet the established standards, and additional resources will be deployed to combat illegal online gambling.