The online gambling business has got a boost because of the easy licensing facilities from the Malta Gaming Authority. Analysts have predicted that it has taken the growth of $66 billion already, which is an increase of 13%.
Online Gaming Industries
Over the next two years, it will surpass a market of 92 billion dollars, and this is reported by the experts. 888 Holdings, the global casino and gambling giant has told that it has got a significant change in its income revenue in recent times.
The annual revenue in gambling has got an increase even after the suspension of some betting companies. The main reason behind this growth is the expansion of online gaming during the lockdown of Convid-19. An annual revenue increase has set the milestone for the rise of new companies in the gambling sectors.
The overall picture is giving positive feedback to the investors. To utilize this time, a safe gambling feature is introduced by 888 and the Control Center is going to roll-out. This provides players special facility such as improved wagering and safe gambling. The control center will works as the one-stop-shop for the gamers to monitor their own behavior and gaming data. This tool is going to be launched in the UK at the beginning and take place into the other jurisdiction of the targeted countries gradually.
888 has developed this control center withing months to identify the illegal gambling activities and to ensure the safety of the gamblers. Electric gambling is taking a great rise in the sudden years due to the lockdown in the pandemic. People are at home and searching for newer sources of entertainment. A large number of companies were searching for the licensing from an authentic regulatory body and MALTA is serving their demand. But it totally depends on the official rules and securities of the companies whether they will acquire the license or not. If a company works as a good citizen and run the business properly without any illegal activity, it will surely get the license after the application procedures. MALTA is continuously supporting the online gaming industry to ensure the rights of the players.