Looking at the web gaming industry in Malaysia, one can see the rising tendency. It is predicted that during 2023 the market will see a leap in development. Moreover, the profit of the sector is expected to increase to 100 billion dollars by 2026.
Reasons for Increasing Demand
Over the past few years, the European continent has been the leading web gambling destination with 52% of the total market. However, Malaysia has a clear growth trend in this area.
The reasons for a boost in the request for gaming and betting in the Pacific region are:
- the spread of the high-quality Internet;
- the dissemination of mobile devices;
- escalating GDP rate.
Live Dealers
The Malaysian marketplace will pick up the trend of games with real croupiers. This kind of gambling is firmly rooted in the global arena. It allows participants to enjoy table games online and feel new experiences.
New Way of Paying for Entertainment
Malaysians mostly purchase their amusements using bank accounts. However, more and more players prefer anonymity when paying. That is why local operators started utilising Bitcoin and switching to crypto wallets.
Entrepreneurs have several reasons to accept virtual currency:
- high fluctuation of coins;
- tiny commissions or their absence;
- ability to overcome strict limits on bets.
Gamblers can exchange crypto in national money. So, distributors benefit from the opportunity and establish relationships with their clients.
In summary, online casinos will be the main destination of players, even though many real gambling venues will reopen in the country in 2023.
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