Asia Learns From Europe’s Booming iGaming Industry
The meeting discussed the strengths of the iGaming industry and Europe and how these strengths are applicable in the ASEAN market.
The event, titled “What Asia’s land-based casinos can learn from Europe’s iGaming boom,” discussed the relationship of Europe’s iGaming and land-based casinos and what Asia could learn from its experience in the industry. The event also discussed how the markets could survive the novel coronavirus pandemic.
IAG Vice Chairman and CEO Andrew W Scott and SiGMA Group CEO Eman Pulis provided a 20-minute discussion on the topic and participants were encouraged to ask questions after the talks.
IAG launched the GAME, online innovation and solutions platform, to cater to the needs of the Asian market during the novel coronavirus pandemic.
Asia’s iGaming continuous to grow despite the pandemic
The Philippines is known as Asia’s iGaming central hub. The country’s iGaming is bigger than the markets of Malta and other nations. The country’s iGaming is worth $1.6 billion, with more than 132,000 employees across the country. The iGaming industries of other Asian nations start to emerge, fuelled by government-imposed stay-at-home restrictions.
Japan’s gambling industry is gaining momentum as the country pushes for tourism. The National Council on Gaming Legislation Chairperson Turo Mihara proposed its Japanese integrated resorts development plan after Prime Minister Shizo Abe announced its support for integrated resorts.
The vast Indian market for gambling is focused on the future of iGaming. Foreign investors are lining up to invest in casino games in the country. The iGaming industry in India will grow after three to five years when legislations to control and regulate the industry allow licensing.
The novel coronavirus pandemic fuelled interest in developing online platforms in the country.
Lawyer Ranjana Adhikari, Co-Head of Media Entertainment and Gaming at Nishith Desai Associates, advised international companies on focusing on digital initiatives.
Macau’s gambling industry recovered fast from the losses brought by the pandemic. Chinese clients contributed to the recovery of the country’s gambling industry.
SiGMA-ICE Asia Digital Summit 2020
Digital gaming conferences were launched by industry leaders to continue sharing experiences and access more extensive networks in the industry. The ICE-SiGMA Asia Digital Summit 2020 is scheduled to take place in Manila next year.
Coronavirus discussion and debates from industry experts will take place in Manila next year.
Willing participants need to register in ICE and SiGMA websites to access the scheduled conference.
Participants could post their comments and ask questions while the conference is streamed for free on the websites. Attendees can join polls and exchange messages in the platforms.
The initiative from the iGaming industry leaders is expected to help companies survive the impact of the novel coronavirus. Online conferences became the replacement for land-based seminars and conferences.
The rapid development in technology and the internet paved the way to innovations helpful in the recovery of the industry.
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