GiGse 2015 Speaker Projects US iGaming Growth

Published April 22, 2015 by Mike P

GiGse 2015 Speaker Projects US iGaming Growth

Nicky Senyard of Income Access will tell the GiGse igaming conference this week that US igaming is primed for major growth.

The GiGse igaming conference is currently taking place in San Francisco this week (20-22 April 2015). Income Access chief executive and GiGse speaker Nicky Senyard believes that the US igaming industry is one of the cusp of significant growth. Senyard will speak further in a GiGse session called Constructing the iGaming Pitch – Making a Big Business Out of iGaming.

Online Gambling Legal for Only 4%

In a country where online gambling is largely illegal, Senyard highlighted horse racing, social casinos, and daily fantasy sports as three current staples. For real-money online gambling, he speculated that only 4% of the US population can currently do so. Those states include Delaware, Nevada, and New Jersey. By default, there is huge growth potential because there are 47 other states in the Contiguous United States.

US Businesses Priming for Future Growth

Senyard also highlighted a couple of attention-grabbing deals as evidence that the US is preparing for major igaming growth. Amaya completed a $4.9 billion acquisition of the Rational Group in June 2014, giving the Canadian igaming operator ownership of Poker Stars and Full Tilt Poker. A more recent example is Walt Disney’s $250 million investment in Draft Kings, a fantasy sports website that lets users pay to play for monetary gain.

Compliance a Principal Challenge

The challenge of “compliance in regulated markets” was highlighted as one of the issues slowing growth of the US igaming industry. Senyard said that the industry must reach out to financial services organisations and advertising agencies to assist with compliance.

Senyard went on to explain that banks and regulators are concerned with issues like money laundering and risk. They want to have procedures in place that allow for them to respond to any igaming-related crimes that might occur. Senyard intends to explain how digital will give them that power. GiGse 2015 is now underway in San Francisco.

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See also

Advisory Board Makes Big Changes to 2015 GiGse

New iGaming Developments Announced at GiGse Conference

iGaming Super Show Keynote Speaker Announced

Understand New Technology to Harness the Benefits of iGaming Industry Growth

Denmark Gambling Shows Growth for 2015

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