"The reduction in licensing fees aims to incentivise illegal operators to join the legal iGaming industry. This move is expected to increase lawful online platforms, attract more game providers, and offer better bonuses to customers. The industry landscape is poised for a significant shift."
Legalise to Capitalise: Reduced Licensing Fees Motivate Illegal Operators
In an unexpected turn of events, it was recently revealed that the licensing fees for both online and physical casino gambling will experience a significant reduction. The average licensing fee, across the board, will now be a mere 35%, down from the previous average. The move, revealed at the #ASEANGamingSummit2024, is a strategic attempt to incentivise illegal online gambling operators to legalise their operations, thus contributing to the regulation and growth of the wider iGaming industry.
Could the Reduction in Licensing Fees Lead to a More Transparent iGaming Industry?
The large-scale reduction in the price of licensing, seen as a direct effort to legitimise online gambling, raises many questions. What impact will this have on the larger online casino scene? Will we see more operators take the plunge and become legal businesses? It certainly seems that the landscape of the news will experience an interesting shift in the upcoming months.
The Expected Impact
The fee reduction is likely to ripple through the industry. Not only would we anticipate an increase in lawful online gambling platforms but also in a variety of game providers such as NetEnt, Playtech and Microgaming. Furthermore, the change might bolster the permissions given to operators to offer more enticing bonus options to their customers.
Turning the Tables
The ripple effect of the recent development will also change the daily news landscape. As the illegal operators cross the line to become legal businesses, we might see a rise in new platforms. Will this lead to more competition in the online casino sphere? Only time will tell. In the meantime, keep an eye out on CasinoALMA to stay updated with the latest news and changes in the online gambling industry.
