The worldwide gambling industry is booming, with an estimated global gross yield of nearly $500 billion in 2019 – nearly ten percent of that amount flowed through online gambling sites. The valuation of active players also reached 2.3 billion worldwide last year. Where does the U.S. sit in all of this? Despite being incredibly hesitant to embrace the industry when...
Money laundering is defined as the process in which profits earned by criminal activity are converted into funds that “appear” to have been acquired by legal means. This is normally carried out by moving the illegal funds through a quick series of financial transactions. When done successfully, money laundering will hide the criminal act that generated the funds as well...
Participating in games is as intrinsically human as music and dancing. Playing games helps children learn, provides mental stimulation, and is a great method of relaxation and escapism in an increasingly stressful world. But the demand for varied games and easier access has also helped to shape the existence of the internet as we know it today. No longer are...
The online gaming industry is ripe for fraud. They games deal with many, low-cost transactions that need to be approved in real time, so it does not ruin games for players. The almost real-time nature of these transactions makes it more difficult to catch fraudsters before it’s too late. Fraudsters continue to get more sophisticated. They are always looking for...
Faudsters continue to up the ante when it comes to the gambling industry. Credit card fraud increased by 155 percent over the past five years, reflecting an average annual growth of 39 percent, according to the Gambling Industry Report released by the TransUnion-owned antifraud technology provider iovation. The reports analyzes the trends that drove online gambling in 2018. Though no...
Are you looking for a way to accept credit card payments from players from all over the world? Where can you can find a reliable gaming merchant account? How can you be sure it offers a level of service that will help you succeed in your field and increase your profits? Keep on reading this article and you’ll know. Online...
The casino industry is fast paced and extremely competitive and yields no signs of coming to a halt. You have created that functions at an optimal level and offers games and betting options that attract players but still finds itself in trouble. The key to keeping a site competitive and growing is to enlist a payment processor that can offer...
When Pennsylvania expanded its gaming legislation in October 2017 to permit online betting at airports and truck stops, it became the fifth state to do so in the nation. New Jersey, Nevada, Pennsylvania, and Delaware have legalized some forms of online gambling. Recognizing how much money web-based betting and gaming can bring into their respective states has left many states...
Currently, the biggest online gaming markets are mostly found in the EU. The European online gambling industry is worth a projected 10 billion Euros. The reason is that some countries such as the US and China restrict gambling heavily or allow it in certain territories like Las Vegas and Macau. Though more and more online betting companies are emerging, there...
Need Merchant account processing for your Fantasty Sports site? Of this gigantic amount of revenue, 10% came from the United States. With people playing on their iPhones and mobile devices, the revenues are mounting daily. However, sponsors of on-line gaming like casinos, sports betting, fantasy football and baseball, and other games of chance are having difficulties finding a credit card...
