No longer confined to specific markets like Las Vegas, Atlantic City, Monte Carlo, and Macau, casino gaming has expanded to global proportions in just a few decades. The spread of easily accessible online casinos has further galvanized the industry's growth into a lucrative juggernaut. Governments all over the world have become more open to legal, regulated gambling as a source of tax revenue. With casino games and sports betting alike increasingly coming out of the back room and into the mainstream, it's no surprise the global gaming industry reached a market value of $227 billion in June 2020.
But the sector was not spared by the enormous impact of the COVID-19 pandemic, which led to the temporary or permanent closures of numerous brick-and-mortar casinos and sent industry leaders into an uncertain 2021. Moreover, the new frontiers of online casino gaming bring with them risks of another kind — the looming threats of data breaches, ransomware attacks, and cybertheft.
Marsh's risk management specialists understand that the ebb and flow of business can be just as unpredictable as any roulette wheel. We can help you tailor a gaming insurance and risk management solution for your precise needs and help you face the unexpected head-on.