Although 2020 has been a markedly rocky year for digital and online payment providers – thanks in no small part to the economic conditions brought about by the global pandemic – PayPal has managed to buck the trend somewhat.
In fact, all things considered, PayPal has had a relatively encouraging year in terms of investor and shareholder confidence in PayPal Holdings, with NASDAQ:PYPL experiencing positive growth trends throughout.
Despite the economic havoc wrought by the impact of the COVID-19 pandemic across the world in 2020, certain industries were able to not only keep their head above water, but to flourish. One of these sectors was the online casino and gambling sector, which experienced record-breaking growth figures, despite a global economic slowdown.
Online gambling has been on the rise for the last decade and has experienced a boom in 2020. Currently, there are hundreds of games from the digitized Australian pokies to the Japanese gacha games. Still, traditional online games are the most popular worldwide.
There might be several reasons for this phenomenon:
Spain
Gambling in Spain is regulated under a Gambling Act which entered into force in 2011 and to this date underwent more than a few amendments with new ones in the horizon for 2021. Private operation of games other than lotteries (still a monopoly) was authorized upon implementation and development of the Gambling Act.
One of the increasingly dire issues facing the casino industry are anti-money laundering (AML) measures or the lack thereof. Corporations as mighty as Crown Resorts and Las Vegas Sands have gotten in trouble for the lack of proper AML infrastructure. These need to be part of an end-to-end solution and Sumsub is offering that and Know Your Customer (KYC) technology–and not a moment too soon.
During this time of global pandemic, “cashless” is the new buzzword of the casino industry. And one of the companies best poised to aid in that transition is Global Payments Gaming Solutions.
If you are interested in casino streaming, you will be glad to know that you don’t need to be rich or famous to become successful. You need to be able to capture the attention of your viewers by playing popular online casino games.
The first online casino launched in 1996. A lot has changed since those early Internet casino days. The online casino industry has matured. The first pay and play online casino (or quick casino) launched 2016. Pay and play casinos are regulated and licensed by governments and audited by specialist firms to ensure they deliver fair and transparent entertainment to their players.
Winning is one of life’s greatest joys. Everybody loves to win. When it comes to casinos, the ability to cash out one’s winnings has acquired a status and phrase all of its own: to break the bank. The most famous use of this phrase in relation to casinos relates to a period around the year 1880/81. An English businessman, Joseph Jagger, is said to have "broken the bank at Monte Carlo” after winning what in today’s money would be about
Since its launch in 2005, casino life magazine has grown to become the leading business-to-business publication that focuses on Casino Operations and, Manufacturers and Suppliers of Gaming Equipment and Services.
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