Gambling Business in Europe: Strong Points and Prospects
The EU is gradually gaining the position of the most promising region for starting and conducting gaming businesses. Every year, a huge number of new projects are launched here in the land-based and online segments. Find out how to start a casino in Europe following our recommendations.
The Lucrativeness of the Gambling Market in Europe
The launch of a gaming start-up is a very profitable activity. The gambling business in Europe brings operators and governments more than 80 billion euros (about 92 billion US dollars) annually. The lucrativeness of the entertainment industry rises by about 3% every year.
The UK is the leader of the gambling market in Europe. Local operators receive over £14 billion (about 19 billion US dollars) in revenues annually. About 40% of this amount comes from the online gambling business in Europe.
Even though British punters bring the most profits to the iGaming field, Italians and Spaniards are considered the biggest gambling enthusiasts in Europe. This was confirmed by numerous sociological surveys.
The History of the European Entertainment Industry
Games of chance have appeared on the territory of modern Europe since the days of Ancient Rome and Greece. The prototypes of gambling establishments began to emerge in Frankfurt am Main (Germany), back in the 14th century. The first European casino was opened in the 17th century in Venice (Italy). Surprisingly, this establishment was located on the territory of the church.
The next major leap in the popularity of the gambling business in Europe came in the 19th century. During this period, the famous casino Monte Carlo was opened. It continues to function nowadays.
The most favourable era for the development of the gambling market in Europe is the end of the 20th and the beginning of the 21st century. The advent of online entertainments has fundamentally changed the situation in the gaming industry. The number of virtual projects has grown every year. Operators' profits have skyrocketed.
The following types of gambling have become available to European players:
slots; sweepstakes; live games; card entertainments; roulette, and others.
Is gambling legal in Europe today? Find out the answer to this question below by considering the specific of the most promising countries.
The Most Prospective Markets
To buy a casino in Europe in beneficial conditions, you should find a favourable region. Here are some up-and-coming EU markets.
Great Britain
Today, it is possible to open gambling clubs in Europe legally on the territory of the UK, both in the land-based and in the internet sectors. The most popular entertainment among British gamers is betting.
Gamblers follow such sports:
football; golf; badminton; curling; squash; tennis; snooker; water polo; cricket; boxing.
If you want to launch a legal online betting club in Europe, pay your attention to this prospective region. In addition to the bookmaker business, British gamblers prefer various card games, slots, roulette, live entertainments, AR and VR solutions, etc.
Operators wishing to work in this lucrative market are required to go through a licensing procedure. Offline and online projects are taxed at 15% of their income.
The control of the entertainment industry in this country is carried out as follows:
Licensing of gaming clubs. The issuance of permits for starting online gambling clubs in Europe is the task of the UK Gambling Commission. This body is responsible for monitoring the activities of gaming companies. The cost of a permission document depends on the chosen gambling field and the firm's income. Governing of the lottery area. The National Lottery Commission is responsible for controlling the national lottery draws. The regulation of the bookmaker business. The Sports Betting Intelligence Unit is a special government division that oversees the operation of companies involved in bookmaker activities.
It is noteworthy that many managers planning to start casinos in Europe receive offshore licences. This approach to conducting business allows novice entrepreneurs to launch their online projects on more favourable terms. The operation of foreign virtual clubs is practically not controlled by the casino law in Europe.
Germany
According to up-to-date statistical and analytical research, the revenues of the German market will exceed 18 billion euros (almost 21 billion US dollars) in the next 3 years. The virtual industry is expected to generate more than 3 billion euros (about 3.5 US dollars). These impressive figures are encouraging operators to open gambling clubs in Europe, particularly in Germany.
This state has several undeniable advantages:
The population of the country is more than 83 million people. The size of the minimum wage is almost 1,600 euros (1,850 US dollars) per month. Germany ranks sixth in the world in terms of living standards.
If you are planning to open a gambling portal in Europe, we recommend you to consider this market. The local legislation was drastically changed this summer. According to old gambling laws in Europe, the number of permitted types of gaming in different territories was rather limited prior. The most favourable region was Schleswig-Holstein.
New laws will allow entrepreneurs to enter the gambling market in Europe on more beneficial terms. They will be able to work in almost every German land, in various areas of the gaming business.
The most favourite entertainments of German gamblers are as follows:
online slots; betting; poker; lotteries, and others.
Italy
This country can be deservedly called the progenitor of the global gaming industry. From the time of the Roman Empire to the present day, Italy has taken an honourable position in the international market.
Operators will undoubtedly be pleased by the fact that almost all types of gambling are allowed in this country. The main regulatory body in Italy is Agenzia Delle Dogane e dei Monopoli.
Entrepreneurs wishing to buy casinos in Europe can obtain Italian licences. The permission validity period is rather long — 4 years.
The authorities check candidates for receiving permits quite thoroughly. For example, an owner of a bookmaker's office must prove that he or she has nothing to do with organising sporting events. The amount of tax ranges from 20 to 25%, depending on the chosen field and the scale of a business.
The Reasons to Order Turnkey Casinos in Europe
The speed of entry into the aforementioned and other lucrative European markets is of great importance. The faster you launch your project, the more chances you will get to stand out from competitors. The best way to open a start-up is to buy a turnkey casino in Europe.
Order this service for several reasons:
| Easy licence acquisition | Reputable companies offer a wide range of jurisdictions involved in registering gaming companies. Experts will help you prepare the required documentation as quickly as possible |
| Casino software in Europe from reliable manufacturers | Get access to exciting content from such renowned manufacturers as Amatic, Playtech, Endorphina, Igrosoft, and others |
| The integration and configuration of programs | Specialists will install the desired program products and customise them following your demands |
| Large selection of payment and security tools | Choose the most innovative financial and protection casino software in Europe to ensure the stable operation of your virtual establishment |
| 24/7 informational support | Solve important issues by consulting with experienced managers who know all the nuances of the gambling field |
The Main Things about Working in Europe’s Market
The start of a project in the EU is a perfect opportunity to interact with a solvent audience and create an impeccable image in the international market.
The operation in this region is characterised by such features:
gambling services are allowed in many countries; managers have access to a large selection of top casino software in Europe; lots of states are involved in the licensing of online projects.
Contact our managers to learn more about the opportunities for cooperation with our studio.
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