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Is the iGaming Industry Still Experiencing Growth Globally in 2022?

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The iGaming industry has been one of the fastest growing industries on the planet in recent years. Come the end of 2023, the iGaming industry is estimated to be worth over $90 billion globally, which is incredible. With online slots, sports betting, casino table games, card games, and eSports betting just some of the iGaming categories continuing to excel, we look at some of the reasons why the iGaming industry is still experiencing growth globally.

iGaming Legalized in New Regions

For some people around the world, such as those living in the United Kingdom, licensed and regulated iGaming has been available for many years. However, that was not the case for millions of people in other countries, who experienced legalized iGaming for the first time in 2022. States in the US are continuing to legalize iGaming and we saw new states added to the list of legal iGaming in 2022. The iGaming industry continued to expand throughout Europe in 2022, with Germany and the Netherlands introducing new legislation to regulate iGaming in the two countries. Progress has also been made in India and regulated iGaming is spreading across the globe. With so many new people introduced to regulated iGaming in 2022, it is easy to understand why the industry is still experiencing growth.

New iGaming Websites

A good sign of a growing market is when new companies are formed and enter the industry. If we look at the 2022 online casino industry as an example, over 20 new licensed online casinos were introduced in Europe alone throughout 2022. If the iGaming industry were going backwards, we would not see so many new iGaming companies entering the industry and it is a strong sign the iGaming industry is still experiencing growth in 2022. Using the online casino site MrCasinova, you can see for yourself how many online casinos are now available in Canada. This number continues to increase and 2022 has certainly been a good year for the Canadian iGaming industry.

Technology

With the latest technology, it would not be possible to enjoy the iGaming opportunities we have today. As mobile phones continue to improve in terms of screen resolution, sound, and processing power, the iGaming industry can push the boundaries of what we thought possible from online gambling. Faster and more reliable internet connections mean we can enjoy playing live casino games without worrying about losing the connection. The fast frame rate of mobile phone screens means you can play the latest online slots smoothly. Mobile iGaming is hugely popular and has continued to grow in 2022 thanks to the quality of the latest handsets. Virtual reality headsets are becoming more affordable and easier to use. Using a virtual reality headset when iGaming enhances the experience and has led to the introduction of new iGaming experiences, such as walking around a casino while sat in the comfort of your own home.

All the latest technological innovations, combined with new regions regulating iGaming and new iGaming companies means the industry has continued to experience growth in 2022.

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Gaming and Leisure Properties Inc. Names Carlo Santarelli Senior Vice President, Corporate Strategy and Investor Relations

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Gaming and Leisure Properties Inc. announced that Carlo Santarelli has been appointed Senior Vice President, Corporate Strategy and Investor Relations, a new position at the Company. Mr. Santarelli will begin his new position on August 18, 2025 and will report to GLPI President and Chief Operating Officer, Brandon Moore.

Mr. Santarelli brings over 25 years of Wall Street experience in Equity Research and Investment Banking to his new role and joins the Company from Deutsche Bank where he was Managing Director of Gaming & Lodging Equity Research. Prior to Deutsche Bank, Mr. Santarelli held similar positions at Bear Stearns, JP Morgan and Wells Fargo. He consistently ranked highly in Institutional Investor and other sell-side analyst research polls as a thought leader in the space, providing unique perspectives on industry events and trends with his data-driven approach and stock picking talent. Carlo Santarelli graduated from the University of Pennsylvania with a B.A. in Economics in 2000.

Peter Carlino, Chairman and Chief Executive Officer of GLPI, said: “We’ve known and respected Carlo’s research work on the gaming, lodging and gaming REIT sectors for many years. Carlo brings to GLPI an in-depth knowledge of the industry and its participants, having experienced GLPI’s original formation of the gaming triple-net-REIT structure from a research analyst and capital markets perspective. We value his deep network of contacts among institutional investors, sell-side analysts and a wide range of gaming industry operators and we look forward to the value of his contributions.”

In his new role, Mr. Santarelli will work with Mr. Carlino and GLPI’s senior management to develop and evaluate growth opportunities and strategic relationships, and will oversee investor relations interactions.

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VIP Play Announces Departure of Chief Financial Officer

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VIP Play, a technology-driven leader in interactive consumer engagement, announced that Jim Mackey, the Company’s Chief Financial Officer, will step down from his role, effective August 8, 2025.

The Company has initiated a transition process and is in the process of identifying a successor. Mackey will assist in an orderly transition over the coming weeks.

“We thank Jim for his contributions to the Company, particularly during a transformative period for our business. We remain focused on executing our strategic priorities, including financial visibility, operating efficiency, and delivering value to our stakeholders,” said Les Ottolenghi, CEO of VIP Play.

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BETBY LAUNCHES COMPREHENSIVE REPORT ON PERU’S REGULATED GAMBLING MARKET

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BETBY LAUNCHES COMPREHENSIVE REPORT ON PERU’S REGULATED GAMBLING MARKET

 

BETBY, the premium supplier of cutting-edge sportsbook solutions, has published a detailed report titled “The Peruvian Breakthrough: A Market Ready for Takeoff”, offering a thorough analysis of the country’s newly regulated iGaming industry.

Following the implementation of Peru’s online gambling framework in 2024, this report explores the legislative transformation, market growth trends, and consumer behavior shaping one of Latin America’s most promising emerging markets.

The report covers several key aspects, including:

Evolution of Peru’s gambling legislation and its impact on market structure and operator licensing;
Market performance analysis, including land-based vs. online growth and mobile channel adoption;
Economic indicators, such as GDP contribution, per capita GGR, and projected market size through 2030;
Player profiles and betting behavior, with insights into frequency, motivations, and engagement across age and gender groups;
Digital readiness, including mobile usage, internet speeds, and device preferences;
Competitive landscape, with a breakdown of leading operators and changes in market share.

🔗 DOWNLOAD the report to discover strategic insights and unlock growth opportunities in Peru’s regulated gambling ecosystem.

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GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

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