The gambling industry in Europe: is it promising?

gaming company in Europe

How was the game born in Europe? What is the most popular format these days and what is the outlook for casinos in the near future?

In the modern world, few people know that gambling originated long before the civilized society we know. In ancient excavations, archaeologists still find dice made thousands of years before our era. According to scientists, at that time the cubes were not used for games, but for divination and all kinds of shamanistic rituals.

The active development of European casinos and gambling traditions began in Italy during the Renaissance. In ancient Rome, a special venue called the Circus, where local residents could try their luck and play games for real money. This is how the first prototypes of modern land-based casinos began to appear.

In the 21st century, a segment of gambling such as online gambling is actively developing. More and more people are interested in playing slot machines or paying online casino and count on big wins and rewards. The opportunity to enjoy yourself and at the same time have a chance to win has made these establishments very popular with the population.

Gambling business development

The first offline casino in Europe appeared in Venice and was called Il Ridotto. It was originally intended for people who visited Venice’s famous carnival to gamble in the gambling club, but the institution’s popularity quickly changed direction. At Il Ridotto, only wealthy ladies and gentlemen enjoyed themselves, and within its walls high stakes were placed and big prizes raffled. Even then, Il Ridotto had strict visiting rules that dictated visitors how they should dress and behave in an institution.

At the beginning of the 18th century, gambling in Europe appeared in many countries. But at the end of the 19th century, severe sanctions were imposed on the gaming industry, which significantly limited its work, which is why the development of casinos in Europe came to a standstill. Many gambling dens have been closed.

These days

The current system of legal regulation took shape in European countries mainly from 2005 to 2011. It was during this period that the main current legislative norms were formed and adopted. Today, the leaders of the European gambling market are Italy, Germany, France, Spain and the Netherlands. The total gross income of these countries in 2019 was over 8 billion euros. This makes the gambling sector one of the most important not only in Europe but also in the world. The indicators of recent years tell us about the growth trend in gambling, especially for casinos and online betting.

The gambling business benefits European states, as this type of activity is subject to high taxes that contribute to the public treasury. Despite the many conflicting laws restricting gambling in European countries, the number of casinos and people who want to play there is growing every year.

Perspective

In general, the growth potential of the gaming market in European countries remains high. Online games are particularly in demand right now. This is because it is accessible to players: you can play at any time without leaving your home. In addition, you can play even with a minimum deposit.

The market can grow rapidly if the regulatory systems continue to improve, which will make the gaming industry attractive to companies and players. Legalization of all segments and state control of this type of activity is the key to the development of this sector and the transparency of its behavior.

Boris Rabilaud
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