Crypto Casino Roobet Expands Footprint to Japan
by Oskar Trotman
Roobet is one of the fastest-growing crypto gambling platforms, and the latest stage of its expansion strategy targets Japan. The move was timed to coincide with the start of the Nippon Professional Baseball League (NPB) and is celebrated with a huge $1,000,000 Pick’em contest. The tournament enables esports and baseball fans to compete for big prizes and experience entertaining moments by making predictions that can test their knowledge.
The Asian island nation is famous for its gaming and esports enthusiasm. Roobet can tap into the potential of the Japanese market by catering to sports fans and casino game enthusiasts. The popular gambling platform is a hybrid of a sportsbook and an online casino, offering exciting opportunities for crypto betting.
Roobet’s footprint covers the globe, accepting players from several European countries and East Asian nations, but it is still not active on the U.S. market as a licensed brand. The decision to include Japan is not coincidental. Recent studies reveal that 55% of blockchain gamers are from Asia, and these players generate about 52% of the global revenue in the GameFi sector. These numbers signal a large pool of gamers, which casino sites believe can be attracted to their platforms.
Growing Gambling Market
The Japanese online gambling market is not generating small change from a financial perspective. Revenue projections for this year are $5.49 billion. Expectations are for the market to experience a 7.31% annual growth over the next four years, culminating in a revenue of $7.28 billion by 2027, a year when the number of online gamblers should reach 11 million.
Most of the betting action, to be more precise, 40%, is geared towards sports wagers. his share includes esports bets. Casino games contribute 30% of the pie. Other gambling activities take up the remaining 20%.
The easing of regulations contributes to the uptake of gambling activities in Japan. However, the crucial factor for the market growth is the appeal of online sports betting and online casino games. Japan’s openness towards technological advancements, especially mobile accessibility, are an additional catalyst propelling the development.
Cryptocurrencies are expected to play a larger role in online gambling since Japan is at the forefront of blockchain technology innovation. The government supports blockchain projects such as non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) to revitalize the economy.
Roobet Fuels Gaming Enthusiasts Passions
Roobet launched in 2019 and holds a Curacao license. It’s one of the pioneering crypto-gambling platforms. The casino section offers over 3,000 games from renowned developers, while its sportsbook offers comprehensive coverage of popular sports betting markets. This operator is an official partner of the UFC and has been endorsed by celebrities such as hip-hop star Snoop Dogg.
The platform is making forays into the web3 arena and is working on transforming the future of iGaming by promoting cryptocurrency applications and supporting a creator community. The expansion into the Japanese market is another leap forward for Roobet, an operator committed to its gaming community via different initiatives and contests, rewarding players worldwide.