The gambling business in Europe: is it promising?

gambling company in Europe

How did the game originate in Europe? What is the most popular format today and what are the prospects for casinos in the near future?

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

The active development of European casinos and gambling traditions began in Italy during the Renaissance. In ancient Rome, there was a special gambling house called Circus, where locals 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 games of chance, such as online gambling, is actively developing. More and more people are interested in playing slot machines or paying online casinos, counting on big wins and rewards. The opportunity to have a good time and stand a chance to win at the same time 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 visiting Venice’s famous Carnival to gamble at the gaming club, but the institution’s popularity quickly changed direction. At Il Ridotto, only rich ladies and gentlemen enjoyed themselves, and within the walls high stakes were made and big winnings handed out. Even then, Il Ridotto had strict visiting rules, dictating visitors how to dress and behave in an institution.

At the beginning of the 18th century, gambling appeared in many countries in Europe. But in the late 1800s, severe sanctions were imposed on the gambling industry, significantly limiting its work, bringing the development of casinos in Europe to a halt. Many gambling halls are closed.

These days

The current system of legal regulation mainly took shape in the European countries from 2005 to 2011. It was during this period that the main current legal standards 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 amounted to more than 8 billion euros in 2019. 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 industry benefits European states as this type of activity is subject to high taxes, which contribute to the state treasury. Despite the many conflicting laws that restrict gambling in European countries, the number of casinos and people who want to gamble there is growing every year.

Perspective

In general, the growth potential of the gambling market in European countries remains high. Online gaming is especially popular at the moment. This is due to its availability to gamers: you can play anytime without leaving your home. Moreover, you can even play with a minimum deposit.

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

Boris Rabilaud
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