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Gaming industry: financial and social outlook for the EU

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deutsche bank, gaming industry, gaming financial outlook, gaming social outlook, gaming EU, gaming Europe, Jim ReidJim Reid, Global Strategist from Deustche Bank spoke at the World Gaming Executive Summit 2013, predicting the financial state in 10 years time and what financial and social outlook EU member states will have. In his presentation Jim explored what this means for the regulation of igaming with regards to Europe. The speaker underlined where he views potential growth and value for operators in the future. Finally he examined the condition of USA legislation being implemented and its potential affect on the operator bottom line.

Here are some highlights of Jim’s presentation:

Jim addressed current economic downturn of Europe and its member states, the impact on consumerism,  purchase habits of individual nations and its effects on the Euro currency and its future growth. He described the potential uplift and which countries are likely to see fastest economic comeback in the coming years. It is expected that Germany and the UK will be market leaders. The process will be long and may not guarantee Europe hitting heights of growth witnessed in the early 2000′s.

Regulated markets will need time to prosper, as Tax Levy and regional sanctions are imposed. Operators have to judge the process of entering these European markets carefully. They must also look to see where they can gain best margin control on operations and cost of marketing.

It is expected that USA will add value to European operators that seek to increase presence and capital by targeting the USA. However legislation could be more convoluted than in Europe and will need operators to restructure their operations in order to tackle US market. USA growth will simply be imminent due to popularity of gambling and size of market.

This blog is a courtesy of our valued media partner Sports Betting Community and the team of their guest bloggers. Please click here to view the original article by the Sports Betting Society.

Would you like to network with the top gaming CEOs in 2014? Why not join us at the World Gaming Executive Summit on the 8-10 July. Visit the event website to find out more.


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