Greentube, the leading digital gaming provider, has issued a stark warning to state governments across the United States: if they want to capitalize on the potential of iGaming, they must provide long-term assurance to operators. In an exclusive interview with SBC Americas, Greentube’s COO, Georg Gubo, outlined the challenges facing the burgeoning iGaming industry and the steps that need to be taken to ensure its success.
Gubo emphasized the need for states to offer stability and consistency in their regulatory frameworks in order to attract investment and foster growth in the iGaming sector. With the industry still in its infancy in many states, operators are wary of committing significant resources without a clear long-term outlook.
“Operators need to know that they will be able to operate in a stable and predictable regulatory environment for the foreseeable future,” Gubo said. “Without this assurance, it becomes difficult to justify the investment required to launch and maintain a successful iGaming operation.”
Gubo pointed to the experience of other jurisdictions, such as the UK and Spain, where long-term regulatory frameworks have allowed the iGaming industry to thrive and become a significant contributor to the economy. In contrast, states like New York and California have seen slow progress in legalizing online gambling due to the lack of clear regulatory guidelines.
“The potential for iGaming in the United States is massive, but states need to take a proactive approach to regulation if they want to harness this opportunity,” Gubo said. “Operators are ready and willing to invest in the market, but they need the assurance that they will be able to operate in a stable and predictable environment.”
Gubo also stressed the importance of collaboration between states in order to create a consistent regulatory framework across the country. This would not only benefit operators by providing a clear set of rules to follow, but also help to prevent regulatory arbitrage and ensure that consumers are protected no matter where they are located.
“As the iGaming industry continues to grow, it is imperative that states work together to create a unified regulatory framework that provides consistency and certainty to operators,” Gubo said. “This will not only benefit the industry as a whole, but also ensure that players are able to enjoy a safe and secure gaming experience.”
In conclusion, Greentube’s COO called on state governments to take action now in order to capitalize on the potential of iGaming and maximize the economic benefits it can bring. With the right regulatory framework in place, the iGaming industry has the potential to become a significant driver of growth and innovation in the United States, but without long-term assurance from states, this potential may remain unrealized.
