The future of the industry

The base case for Egypt is conservation of the current model.

For citizens, the ban will remain, and land-based casinos will continue to operate as a niche service for hotels for non-residents.

Regulators will continue to tighten digital surveillance: blocking offshore sites, monitoring payments, and suppressing advertising.

Growth is possible due to the tourist flow and upgrade of hotel clusters (VIP services, private rooms, high-quality F&B), as well as "no-expense" entertainment: e-sports without bets, arcades, VR spaces, shows and festivals.

The likelihood of legalizing local B2C online or expanding access for residents is low; possible reforms will be more about compliance standards, AML/KYC and consumer protection from illegal sites.