Author: Jimmy Aki

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works. Contact him at Jimmy@beanstalk.io

The global gambling space grew considerably in 2019. Several countries adopted healthy regulations, thus allowing companies to operate and thrive easily. Gaming Revenues for the global gambling industry was estimated to be about $495 billion, and expectations for growth in 2020 are high. The Coronavirus Continues to Spread But, if there’s one thing that 2020 has taught everyone, it’s that curveballs will be experienced. One of those curveballs has been the coronavirus, a deadly epidemic that has spread across China. The death toll for the coronavirus has surpassed 250 in China at press time. And while there’s progress containing the virus, over 11,000 Chinese…

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China and gambling are still very much on the outs. The Asian superpower, which seems to have a hand in just about every major industry on the continent, has managed to keep its hands off gambling, thus allowing other countries in the region to vie for supremacy and attract Chinese players. But, Beijing’s inability to legalize the sector has not quelled the desire of Chinese gamblers. Online gambling has made the problem more difficult, as Chinese players can now place gamble from the comfort of their homes. Last year, Bloomberg projected that the online gambling market in Asia was worth $41.7…

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The Super Bowl is here again. After months of matches, headline-grabbing plays, and controversy after controversy, the Hard Rock Stadium in Miami Gardens, Florida will play host to the biggest night in the calendar year of American sports on February 2 when the San Francisco 49ers play host to the Kansas City Chiefs in Super Bowl LIV. Everyone’s preparing for this matchup. Sports analysts have profiled just about everything there needs to be known about the participating players. The two teams have most likely started drawing the curtains on their preparations to ready themselves mentally for Sunday night. Estimated Record…

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It’s no secret that gambling is beginning to make its entry into the United States. In 2019 alone, several states of the federation legalized gambling on various fronts, and some of them reaped immediate rewards. Spurred by the success of the gambling space in several other states, the state of Georgia is beginning to make overtures to the industry. Last week, the state had a public hearing to discuss the possibilities of allowing land-based casinos in the state. Christian Beliefs are a Major Barrier This is just the first in a long list of steps that will need to be…

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It’s no secret that the global gambling space is on a high note right now. Growth is steady across the board, regulations are doing their bit to protect gamblers and bookmakers at the same time, and more countries are making a move to allow the industry into their borders since it’s a proven revenue generator. But, as with most industries, the level of adoption has varied across the world. Disparities are to be expected, considering the fundamental differences in these nations. For some countries, they have no qualms with gambling, while others are restricted from allowing it due to religious…

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Sports betting in the United States is expanding. 2019 was a strong one in general, as the sub-industry generated about $15 billion in transactions across the country.  It’s worth noting that not every state has made an overture to the industry, a factor that has undoubtedly stifled nationwide growth. However, there are several states that have made the all-important move from turning their backs on gambling to acknowledging the sector. One of them is New York; sports betting was only legalized in 2019, but revenues have slowed in recent times.  Sports Betting Has Lagged in the Absence of Online Facilities  Earlier this…

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The British gambling space is known to be one of the most heavily regulated in the modern world. The UK is notorious for being at the forefront of policing its gambling space more efficiently, and the U.K. Gambling Commission (UKGC) hasn’t been particularly shy about instituting policies that will, at times, curb the companies operating in the industry.  However, a recent initiative by the gambling regulator to control things might not sit well with industry players. As the Guardian reported earlier this week, the Gambling Commission plans to ban the use of credit cards on online gambling platforms across the region. …

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The gambling industry in the United Kingdom has taken shape rather nicely, bolstered due in no small part to the increased penetration of the Internet and the stability of the country’s laws.  The UK Gambling Commission reported earlier this year that the gambling industry earned £14.4 billion (about $18.88 billion) in total gross gambling yield between April 2018 and March 2019, while there are 2,689 operators licensed to provide services to gamblers across its territory (a 4.6 percent increase over the previous year). The online gambling sector has thrived so far, providing gamblers with instant access to their favorite gaming platforms,…

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The trade war between the United States and China has raged on into the third year, and it doesn’t look like slowing down anytime. A conflict that started almost two years ago is now teetering on the brink of blowing up and turning into an all-out war, with every part leveraging on any advantage that it has to ensure that it gets the upper hand whenever negotiations open. So far, both parties in the dispute are particularly willing to budge. From tariffs to blacklisting and even pulling political gambits, Washington and Beijing have been at each other’s necks for months…

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Brexit has been a dark cloud that’s hovered over the United Kingdom for a while now. Ever since the Kingdom chose to leave the European Union and operate as a standalone economic region, there have been several disagreements over how this exit will be done.  After rounds of proposals, contracts, trade agreements, deadline extensions, and more, little progress seems to be made. The Brexit conundrum already cost one British prime Minister her job, and the one who replaced her is already fighting for his post amid an inability to force a move out of the economic bloc.  Regardless, the British…

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