How big is gambling business in Europe

Online and offline casinos are in full bloom when it comes to Europe. It is very important that the laws and rules of the gambling are understood before starting the business in Europe. To avoid any shady casinos, it is best to choose from a list of vetted casinos at such websites as Svenskkasinon casino rating. It has a list of many trusted casinos in Sweden and Europe. European gambling market is one of the largest and safest in the world. The casinos here are protected by highly secure and advance software measures. For the past 12 months, the business has seen the highest upward growth. The revenues skyrocketed by 80% as compared to the last term which is simply awesome. The most important parts of the gambling have been casinos and the sports betting. For the past 12 months, the casinos have earned 1.7 billion Euros in revenue. The sports betting, on the other hand, have earned over 1.2 billion Euros in revenue. In 2017 – 18 the gambling has seen a steady growth of 19% in total. The new markets such as the Czech Republic have regulated their gambling businesses and it has also contributed to the overall revenue generation.

Country wise growth

Most of the countries in Europe have seen a rise in the gambling business. The UK based market has increased by 16.9%. Denmark had a staggering growth of 38.2%. Spain and Denmark also had mind-boggling growth of 43% and 31.9% respectively. The largest portion of revenue generated was by the UK. A total of 5.4 billion euros was generated by the country’s gambling industry. The Nordics generated about 1.5 billion which is not even close to the UK. Germany is the third largest market in the region and generated a total of 1.1 billion euros. The stats show that the market still has potential and more companies will enter the scene in coming years. Among all the countries the UK leads the Europe gambling market both in terms of revenue generation, total winnings and number of players.

Game wise growth

It is important to note that the casinos were the largest player in the European market for the past 12 months. The recorded growth is about 21.4% in total and it generated about 1.7 billion euros in total. The sports betting is the second largest and has a revenue jump of 1.5 billion euros. Poker takes the third place. It generated a revenue of 171 million euros.

Mobile gambling

The mobile gambling platforms are growing slowly but steadily. The forecast and the white papers written in this regard suggest that the number of mobile gambling players will increase to 55% by 2020. The sports betting will see the increase of 60% of the total revenue that is being generated by this medium. It is expected that an increased 36% of the total gambling revenue will be generated in 2019. The mobile gambling will make sure that the overall scenario is changed with the passage of time. It is one of the best and convenient options because mobile online casinos can be accessed from anywhere and anytime using your smartphone.

Requirements For Gambling Establishments In Croatia

playing_slots_gamblingToday, casinos and gaming clubs are welcoming the visitors in both Zagreb, the capital, and at virtually any resort, while Istria is one of the most highly-concentrated gambling areas. Most casinos are located in hotel complexes, so a gambling fan will not have to puzzle over searching for the desired relaxation center. One of the biggest establishments is Club Casino Vega in Zagreb: apart from a wide selection of games, you can find other things to do on the spot. However, even at resorts in hot weather it is not recommended to wear beach dresses. Most casinos have a relatively moderate dress code, which is not surprising, taking into account the passion for fashionable clothes and the fact that Croatia gave the world the tie in its current form.

Equipment, financial and general requirements

In local gambling houses traditional casino games and gaming machines are allowed only. A gambling institution can be opened in the presence of a proper license and the license agreement, meeting special requirements. Every casino should have a guarantee fund in the amount of not less than 30% of the share capital, located in the Croatian Bank for a term of not less than 30 days beyond the validity of the license. The fund is used for the payment of prizes and fees.

Apart from tough licensing, the casino is required to have a daily deposit of 50 thousand EUR and 150,000kn. (€1 equals about 7.5kn.). The fund is created to guarantee that the situations of lack of money in the till are excluded. The area for a permanent casino must be not less than 400 square meters, while a seasonal enterprise can be accommodated at no less than 300 square meters . As for equipment demands, an establishment should have at least 7 gaming tables.

A gambling house should have a share capital of no less than 4 million kn.; 500 thousand kn. is an annual fee paid by the business plus an additional sum of 200 thousand as a guarantee of the Croatian Bank. Opening a club with slots has more modest requirements: the share capital of 2 million kn., the monthly fee of 10 thousand and machines with warranty of 300,000 kn. are the main requirements. However, if there are more than 30 machines the size of the guarantee would be higher and calculated individually. Regardless of the status, the managing company must be registered in Croatia and pass concession procedure. According gaming research that you can see on svenskkasinon.se, the company involved gathering reviews and statistics, the overall tendency of brick and mortar gambling growth is estimated as moderate.

All the gaming facilities as well as cash inputs and outputs should be under video surveillance. In the frame should be all the tables and machines, dealers and players, the winning numbers and other important details.

The entrance to the casino is allowed from 18 years on condition of identity verification. The entry is restricted for those wearing uniforms or carrying technical tools that can improve the chances of the player. Casino may also limit a visit for some categories of people (for example, if a person is seriously impairs his or even someone’s financial situation).

Current legislation provides a stable development of a civilized market of gambling. Despite all the difficulties, the Croatian authorities do not let things drift, and grinding away to find a balance between the interests of business, government and society.