If you’re planning on investing in online casinos Australia, or you’re wondering if it would be a good idea to put money into the emerging iGaming industry, you’re in the right place.
In this guide, we’ll provide you with a general outline of the safety and security of Australian online casinos and whether they’re a good investment opportunity in today’s volatile economy and worldwide inflation.
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The iGaming industry is on the rise
The past few years showed us that the world’s economy could be turned upside down by a single event, but one of the industries that thrived was the online gaming industry. Online casinos and betting sites gained a lot of popularity, both in Australia and worldwide, and online gambling has become a regular pastime activity for people of all ages.
The value of the iGaming market is estimated at $59 billion for 2023 and is expected to grow to more than $92 billion by 2023, so if you’re planning on investing in online casinos — this might be the first sign that you should!
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Don’t neglect the upsides of choosing a reliable brand
If you choose to put money in an online casino, investing in a reliable, well-known brand would be the most sensible thing to do. By choosing a brand that has stood the test of time, attracts many customers, and has positive reviews, you’re lowering the chances of being misled or scammed. Whether you decide to deposit money and play on your own or invest in stocks, you can’t go wrong with a well-known, well-established brand.
The downsides are that these casino sites might offer lower bonuses and a smaller selection of games to play.
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Put safety and security first
This should go without saying, but regardless if you’re looking to invest in online casinos by buying stocks on the stock market, or you just want to deposit some cash and play a hand of poker or spin the reels of your favourite pokie game, you should always look for 100% safe and secure sites.
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Learn how to determine whether a site is safe or not
To determine whether a site is safe and secure, the first thing to look for is a valid licence. Interactive gambling licences in Australia are regulated by both Australian and state/territory laws, and all operators that want to obtain a licence must go through strict regulations and protocols to get the licence. The government selects a preferred applicant, and the process might take several years to finalise. So, a casino or betting site that has a valid licence is more likely to be safe and secure than an off-shore site that isn’t licensed.
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Look for valid licences
Moreover, you should look for licences issued by other reputable bodies, such as the UK Gambling Commission, the Malta Gaming Authority, and so on. Also, data breaches are not uncommon, so always look for sites that have modern-day protocols when it comes to data safety, such as SSL encryption.
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Don’t neglect the bonuses
The majority of online casinos, sportsbooks, bingo sites, and poker sites offer some kind of a bonus or a promotion for new players. However, not all bonuses are equally good, and oftentimes, the devil lies in the details. Make sure to read the terms and conditions of every bonus offer before you sign up for one. There are certain aspects you should watch out for, and you should learn to determine whether a bonus is good or not.
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Watch out for the wagering requirements
The simplest indicator is the wagering requirements. If they’re too high, it means that the bonus is almost impossible to clear — and you should stay away from it. Oftentimes, operators offer staggering bonus amounts, only to learn that the wagering requirements are 40x or 50x the bonus money, which means it’s almost impossible to clear it. It’s better to claim a smaller bonus with lower wagering requirements and be able to withdraw real money winnings from it.
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Choose your games carefully
Another sign that you should invest in a certain casino are the games it offers. If a site has an extensive game library with hundreds of games powered by industry-leading software providers, it’s a good indicator that it’s a reliable site that’s worth investing in.
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Read the rules and T&C before you begin
Moreover, when choosing a game to play, make sure to read the game’s rules first, the RTP, the bonus features, and the volatility to make the most of your chips.
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Decide whether you’re after a quick turnaround
Whether you decide to invest in online casino Australia stocks, or you’re just simply looking for a quick turnaround — the Australian iGaming market is wide enough to accommodate your needs.
