The focus of the discussion was on the new platforms available, new ideas and new technologies to be adopted by companies. But the meeting could not ignore the legalization of new markets as well. Companies are attentive as some of the world's major economies seem to turn in this direction.
We have already discussed here that Brazil is seen as the next giant to be the target of the largest gaming companies in the world. Regulating the sector here is close and counts on the support of the executive and of a large part of the national population.
Moreover, the gaming culture in the country is seen as an added value in the implementation of the main products that the new companies will present to the consumers. But there is a risk here. The country is plunged into a deep political crisis with the threat of the fall of its second president in a short period of two years.
Of course, the same companies that are willing to invest billions of dollars here do not feel comfortable with a scenario of instability. Moreover, the legalization agenda that the current government supports may not be present in a next government to assume the presidency of the republic.
Even so, the collecting greed that the gaming industry can offer must be decisive in motivating the Brazilian government to lead the regulation of gambling in the country. A good example for Brazil and that is here on the side is Colombia. Recently, as we discussed in an article in Apostaganha Brazil, the country has conducted a long process of regulation of betting and online gaming.
Colombia is a great country in Latin America and should begin to be the target of the main firms in the sector. Other neighboring countries could also inspire their legislation in the model adopted by Colombian brothers.
Japan and the Asian market at WGES Main Summit
We know that China is already one of the giants of online gaming. Gambling, casinos and all sorts of betting attractions available in countries like China, Singapore and Taiwan move billions. Both in their regulated markets and on the illegal one.
But another giant with a lot of potential is about to enter this game. Japan is a country in which sports betting is increasingly present and of great interest to the population.
In this meeting were revealed data that show this evolution and how Japan can be a new big player in the online betting market. Therefore, the CEOS of the main companies of the world are attentive to the Japanese market.
But it is not only in Japan that they are interested. The gambling market of the Philippines is another that begets much interest from the gaming industry in the East.
Recently, Philippine Amusement And Gaming Corporation, the national regulator of these activities, has issued new rules for issuing licenses to companies willing to explore sports betting.
The United States of America at the WGES Main Summit
Brazil, Latin America and Japan are very interested for the industry. But there is nothing like the expectation that everyone has of the legalization of sports betting in the United States.
The country is seen as the hen's golden egg and the last frontier to be outgrown by industry. The US is a country with a high purchasing power, with culture of betting, sports culture, in short, everything that the betting industry needs to be a real success. And the movements that the US government gives indicate that regulation is a matter of time.
President Trump is a long-time supporter of this type of legislation, and it is believed that a law governing online gambling in the country is coming soon. The recent New Jersey court case may be the starting point for this long-awaited process.
Source: GMB / Apostaghanabr.com
