English to Polish Bus/Financial Business/Commerce (general) gaming and betting

Kontekst:
Dokumentacja cen transferowych Grupy spółek z branży bukmacherskiej

2.7. Information on offshore online market

Since the inception of on-line betting and gaming some 15 years ago,
the vast majority of the activity has straddled international borders
creating headaches for governments. Initially, on-line betting and
gaming developed in the Caribbean targeting the North American market,
then the European and so on. The Internet provided first entrepreneurs
and then established operators means of targeting markets where
regulation regarding certain or all types of betting and gaming were
either grey or in some cases prohibitive.
Increasingly as the sector has matured and with listings on stock
exchanges, the appetite for operational risk has somewhat diminished.
Today, most listed operators tend to not enter a market *via offshore
route* where they believe there is any prohibitive legislation or in
an increasing number of cases where they can obtain licenses. Given
these trends, the proportion of onshore on-line betting and gaming has
increased dramatically in recent years.

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