GBO is a Gaming Industry Expert and Information resource Company

GBO is a top company in the gaming industry, known for helping gaming companies and startups from start to finish.

 

We provide all the necessary services to launch a gaming business, including system integration, bank account opening, gaming license acquisition, company formation, and payment solutions.

Two of the simplest locations to obtain a license for online gaming are those we suggest:

  1. Anjouan Gaming License: This is a good substitute for the Curacao license and is increasingly being chosen by gaming companies.
  2. The new Curacao gaming license – when the new regulations take effect in 2024, we can assist you in obtaining a new Curacao gaming license.

 

Why go with GBO?

  1. GBO offers all the resources and expertise necessary to help you grow your gaming business.
  2. Since 2009, we have assisted gaming companies, and we can offer you advice on how to launch and manage your business.
  3. We can assist you in beginning a new game or enhancing an already-existing one.

Speak with our experts about your Offshore Gaming License:

WhatsApp us: +972504938469, email us: info@gbo-il.com

    Significant growth and dynamic trends characterize the global gaming market in 2024.

    The industry is going through an upswing, driven by the release of high-profile, high-budget games and the arrival of next-generation gaming consoles, following a period of slower activity in 2022. This recovery is paving the way for the industry to expand to new heights.

    • The gaming industry is projected to grow at a compound annual growth rate (CAGR) of 0.09% from USD 344.33 billion in 2023 to USD 345.88 billion in 2028, representing a rise in market size. Notwithstanding macroeconomic headwinds, the global video game market is expected to bring in $187.7 billion in 2023, a 2.6% annual growth rate. With $56.1 billion, or 30% of the year’s global total, coming from console games, the gaming industry is second only to mobile gaming in terms of revenue.
    • In the years to come, the market is anticipated to expand at a remarkable 9.83% annual rate between 2023 and 2027, with a projected market volume of US$363.20 billion by that year. Furthermore, a significant rise of 9.9% CAGR is projected from $229.39 billion in 2022 to $252.10 billion in 2023.
    • These projections and trends demonstrate how resilient and strong the gaming sector is, despite external difficulties. The industry’s ability to adapt and appeal to a wide range of consumers is a major factor in its ongoing development.


    In 2023, the gaming industry will have experienced expansion, change, and some noteworthy trends.

    1. Growth of the Industry as a Whole: The industry is expected to grow significantly, recovering from a slower 2022. The market value is anticipated to reach $296.5 billion by 2026.
    2. Investment Trends: Major acquisitions such as Microsoft’s acquisition of Activision Blizzard have contributed to an increase in the overall value of gaming deals. Nevertheless, the industry has also witnessed a general decline in the number of deals and closed deal values, which has been impacted by variables like the macroeconomic environment, changes in post-pandemic engagement, and heightened regulatory scrutiny.
    3. Market Consolidation: Due to the gaming industry’s maturity, there is a lot of market consolidation going on, with a select few big deals controlling the majority of the market. Major mergers and acquisitions are making the industry more and more top-heavy.
    4. Non-Traditional Investment Sources: Due to the gaming industry’s growing popularity and potential for large returns, large private equity firms are now making investments in it.
    5. Emerging Technologies and Platforms: The popularity of esports, mobile gaming, and high-speed internet access are major growth factors. New gaming consoles and technologies like augmented and virtual reality are also anticipated to fuel the industry’s growth. Though it is still in its early stages, Web3 gaming offers opportunities for future development.

    The gaming industry’s resilience and adaptability in the face of global challenges and technological advancements are highlighted by these trends, which reflect the industry’s dynamic nature.

     

    What Are The 3 main New Regulation Trends in 2024?

    The following three themes will dominate gambling regulation in 2024, especially as they pertain to gaming licenses and online casinos:

    Tighter Regulations and Responsible Gambling Practices: Tighter regulations and measures to promote responsible gambling are becoming more popular. To maintain a secure and entertaining gaming environment, this entails putting in place responsible gambling resources and tools, such as personalized deposit caps and self-exclusion plans. The need to safeguard players and encourage responsible gaming practices is what’s driving this trend, which also serves to bolster the legitimacy of the online gambling sector.

    Regulation and Legalization Efforts: There is a growing movement underway worldwide to legalize and govern internet gambling. The goals of these regulatory adjustments are to protect consumers, stop money laundering, and increase tax income. The landscape of online gambling is becoming more structured as a result of these modifications, with an emphasis on operational transparency and consumer protection.

    Integration of Cryptocurrencies: It is anticipated that there will be an increase in the usage of cryptocurrencies in online gambling. This is because cryptocurrencies are decentralized and provide increased security and anonymity. A growing number of digital currencies are being used by online casinos. These currencies enable safe and transparent transactions that aren’t connected to the player’s personal banking information, giving players a sense of security and privacy that is highly regarded in the online gaming community.

     

    ‏What Are the 3 Main New Gaming Tech Trends in 2024?

    The online casino industry’s three primary gaming technology trends for 2024, which include elements like white label casinos and online casino software, are as follows:

    1. Mainstream Augmented and Virtual Reality: These two types of technology are getting more and more widespread. These technologies are anticipated to provide more immersive experiences in the online casino industry. While AR could add live dealers and other interactive elements to the gaming experience, VR could let players experience table games in a traditional casino setting from the comfort of their own homes.
    2. The Rise of Alternative Payment Methods: Because they can provide faster transactions, better security, and more data protection, alternative payment methods—such as international payment platforms like PayPal—are growing in popularity. These payment options are being integrated by online casinos in response to customer requests for faster withdrawal times, financial security, and anonymity. Read more here
    3. Artificial Intelligence (AI) has been added: AI is becoming more and more involved in improving the online casino experience. Data analysis is able to identify possible security risks, forecast the success of promotions, and predict user preferences for new games. AI can enhance the gaming experience for players by offering tailored game recommendations, bonuses, and rewards. Additionally, AI is being utilized to recognize and treat problem gambling behaviors.

    About the Author: Gilad Oren

    With over 25 years of experience, I have cultivated a career marked by entrepreneurial spirit and deep financial expertise, particularly in finance and online marketing. My professional journey began in the private banking and investment sectors, where I sharpened my skills for many years before making a significant pivot. I ventured into entrepreneurship by founding an Electronic Money Institution (EMI) and later incorporated GBO International Financial Services.   At GBO, we have established ourselves as a comprehensive provider of global corporate services, including company formation, banking assistance, and licensing for gaming and crypto sectors, alongside merchant account consultancy and digital public relations. My career is a testament to combining industry knowledge with entrepreneurial zeal to create impactful solutions in the financial and online marketing landscapes.   Let's connect in LinkedIn: https://www.linkedin.com/in/gilad-oren-326231220/

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