iGB Affiliate iGB Affiliate 59 | Page 48

INSIGHT Asia Entering the market sooner rather than later is also a valuable consideration for the Asian market, which may present future revenue opportunities. Forward-thinking affiliates are already promoting Asia-facing brands. Indeed, 33% of surveyed affiliates are currently active in the market. However, regulation remains a significant issue for Asian brands and the affiliates promoting them. Although China However, while Australia has a liberal approach to offline gaming, iGaming is more restricted. The Interactive Gambling Act of 2001 prohibits online casino and poker brands from targeting Australian players though permits online sportsbetting. Unsurprisingly, strong appetite for gaming and an increasingly digitized population has seen the latter vertical explode. The Australian Gambling Research centre estimates that roughly “Developing Spanish and, in anticipation of Brazilian regulation, Portuguese-language sites now will place affiliates one step ahead of the competition” is Asia’s most populated country with 1.4 billion people and also boasts the region’s largest economy ($20.9 trillion GDP), the government’s policy towards online gaming is highly restrictive. Similarly, India, Asia’s other economic powerhouse, offers affiliates the opportunity to promote lottery and horse racing brands, while the Philippines offers greater prospects due to its regulated environment and growth. The island nation’s two regulators, the Philippine Amusement & Gaming Corporation (PAGCOR) and the Cagayan Special Economic Zone, issue licenses to online casinos, sportsbooks and bingo brands. Moreover, PAGCOR recently reported that the country’s gross gaming revenue rose by 17% in 2015 to reach $2.8 billion. Australia Australia was rated as the third most important non-European market for affiliates according to the IA survey conducted. For the 27% of surveyed affiliates promoting Australian brands, site development isn’t significantly different from their approach to targeting UK players, especially given the strong cultural affinities between the two counties. Although Australia’s population of 23.1 million is only around a third of the UK’s, gaming is arguably more popular Down Under than in the mother country. Almost two thirds of Australians place bets regularly, according to a 2015 academic study. Meanwhile, the only state on earth with more slot machines than Australia’s New South Wales is Nevada. 44 iGB Affiliate Issue 59 OCT/NOV 2016 half of the $815 million spent on domestic sports-betting in the 2014-15 financial year was wagered online. Given the market’s health, major UK sportsbooks like Ladbrokes and William Hill have launched Australiafacing online brands alongside domestic operator Tabcorp’s TAB.com.au. As in the UK, the majority of these brands offer affiliate programmes, allowing local and international affiliates to monetize their Australian traffic. Latin America One in four surveyed affiliates are currently promoting a brand targeting Central or South America. As in Asia and the US, affiliates are often active in what is currently a relatively limited market in preparation for regulatory change in the region’s major economies. Since 2002, Panama has been providing licenses to iGaming operators targeting the Latin America region. In addition, the nearby Caribbean island of Curacao’s Gaming Control Board also licenses brands targeting Central and South America. Nonetheless, Brazil, Mexico and Colombia, the region’s three most populated countries with economies to match, currently have only limited or restricted iGaming markets. However, this situation looks set to change. For the last 70 years, Brazil, Latin America’s largest economy with a population of 200.4 million, has banned gaming with the exception of horse-racing wagering, lottery and poker. The country’s lower house and Senate are currently considering legislation to reverse the situation, including regulating iGaming. The bill could be passed before the end of the year, according to a recent Financial Times report. Brazil, with its 50 million-strong middle class, isn’t the only new opportunity on the horizon for iGaming affiliates. Mexico’s House of Representatives last year passed a bill to expand its limited iGaming market to include online casino and poker, and all that remains is Senate approval. Further south, the national gaming regulator of Columbia, home to 48.2 million people, had published draft regulations for legis