Greentube, a leading provider of iGaming solutions, has called on states to offer long-term assurances for the growth of the industry. In a recent statement, the company highlighted the need for regulatory stability to ensure a thriving and sustainable iGaming market.
The iGaming industry has seen significant growth in recent years, with more states legalizing online gambling and sports betting. However, Greentube believes that this growth could be hampered if states do not provide long-term assurances to operators and players.
According to Michael Bauer, Chief Games Officer at Greentube, “Regulatory stability is crucial for the continued success of the iGaming industry. Operators need to have confidence that the regulations will remain consistent over the long term, so they can continue to invest in new technology and products.”
Bauer went on to explain that uncertain regulations can lead to a lack of investment in the industry, which ultimately harms both operators and players. “Players want to know that the games they enjoy will continue to be available, and operators need to know that they can innovate and grow without fear of sudden regulatory changes,” he said.
Greentube is urging states to take a proactive approach to regulation, working with operators and industry stakeholders to create a stable and transparent framework for iGaming. The company believes that this will not only benefit operators and players, but also the states themselves, as a thriving iGaming market can contribute significantly to the local economy.
In conclusion, Greentube is calling on states to offer long-term assurances for the growth of the iGaming industry. By providing regulatory stability, states can ensure a competitive and sustainable market that benefits both operators and players. With the right framework in place, the iGaming industry can continue to thrive and contribute to economic growth.
