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Global Online Gambling Market Outlook and Forecast 2018-2023: Growing Trend of Inclusion of Digital/Cryptocurrency as Standard Money

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Global Online Gambling Market Outlook and Forecast 2018-2023: Growing Trend of Inclusion of Digital/Cryptocurrency as Standard MoneyReading Time: 3 minutes

 

Dublin, Sept. 05, 2018 — The “Online Gambling Market – Global Outlook and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.

The global online gambling market is anticipated to generate revenues of more than $74 billion by 2023, growing at a CAGR of approximately 10% during 2017-2023.

The study considers the present scenario of the global online gambling market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the online gambling market.

The increasing availability of cost-effective mobile applications across the US, the UK, Italy, and China & SAR countries will help vendors generate higher revenues in the global market. The dynamic changes of lifestyle, improvements in the living conditions, high-spending sentiments, and rising awareness of the latest technologies will drive the evolution of the market.

The global online gambling market is driven by an increase in per capita income and the number of dual-income households that constitutes the basis of increasing spending on innovative variants. The cost-effectiveness of mobile applications is also attracting new players in the global market. The market research report provides in-depth market analysis and segmental analysis of the global online gambling market by product type, platform type, and geography.

Online Gambling Market – Dynamics

The advent of internet applications and easy access to online platforms will help boost the demand in the global online gambling market. Various leading vendors are investing in developing websites and mobile apps that facilitate online activities. The implementation of AR technology provides online casinos with a variety of options for improving and developing their gaming offerings. The vendors are leveraging AR and VR technologies to introduce a host of new features, best elements of live gaming and software with virtual reality add-ons and overlays to make a more engaging experience for their customers.

The growing number of live casinos worldwide will contribute to the growing demand in the global online gambling market during the forecast period. A live casino exists online and runs like a real land-based casino. These casinos offer live dealers and real-time feeds that help in replicating the experience and feel of a real-world land-based casino. The growing popularity of these services among gamblers worldwide will result in the evolution of the global online gambling market.

Key Vendor Analysis

The global online gambling market moderately fragmented, with the presence of many regional and international players. The top vendors are investing to alter and refine their unique value proposition to sustain the intense competition in the market. The market concentration in developed countries such as the Western European countries is high, while the market is in its nascent stage in developing economies such as the US and India.

Various international brands are expanding to new regions to attract the maximum number of consumers and gain a larger market share. The top players are competing on the basis of offerings, premises, and platform type. The increase in product/service extensions, technological innovations, and M&A activities will help vendors boost their revenues in the global online gambling market.

Market Dynamics

Market Growth Enablers

  • Growing Number of Live Casinos Worldwide
  • Increasing Gamification of Online Gambling Industry
  • Increased Focus on Online Strategy

Market Growth Restraints

  • Low Internet Penetration Affecting Growth of Online Gambling
  • Ethical Concerns

Market Opportunities & Trends

  • Growing Adoption of Augmented Reality and Virtual Reality in Gambling
  • Increased Betting on eSports
  • Inclusion of Digital/Cryptocurrency as Standard Money

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Market Dynamics

9 Value Chain Analysis

10 Market Landscape

11 Market By Product Type

12 Market by Platform Type

13 Market by Geographical Segmentation

14 Europe: Online Gambling Market

15 APAC: Online Gambling Market

16 Latin America: Online Gambling Market

17 North America: Online Gambling Market

18 MEA: Online Gambling Market

19 Competitive Landscape

20 Key Company Profiles

  • bet365
  • GVC Holdings
  • Kindred
  • Paddy Power Betfair
  • The Stars Group
  • William Hill

21 Other Prominent Vendors

  • AsianLogic
  • Betway
  • Betfred Group
  • Betsafe
  • Betsson
  • BET-at-home
  • Bwin
  • Caesars Interactive Entertainment
  • Camelot
  • Casino Cosmopol
  • casinoeuro
  • casinostugan
  • casumo
  • Comeon
  • Expekt
  • Folkeautomaten
  • Gametwist
  • Genting Berhad
  • Interwetten
  • Jackpotjoy
  • LAS VEGAS SANDS
  • Leovegas
  • MGM Resorts International
  • Mobilbet
  • Mr. Green
  • Mybet
  • Nordicbet
  • Norgesautomaten
  • Norsk Tipping
  • OnlineCasino Deutschland
  • Pinnacle
  • Playtech
  • Rank Group
  • SJM Holdings Limited
  • Sky bet
  • Sportech
  • Stargames
  • Sunmaker
  • Svenska Spel
  • Tipico
  • Vera&John
  • Win2Day
  • Wynn Resorts
  • 1XBET
  • 888 Group

For more information about this report visit https://www.researchandmarkets.com/research/bzmltd/global_online?w=12


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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PALACE BINGO & SPORTS BETS CASINO IN NOGALES INTRODUCES ZITRO CONCEPT CABINET LINE

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Zitro introduces its CONCEPT cabinet line and new games at Palace Bingo & Sports Bets Casino in Nogales, along with an exciting selection of new games, as part of its ongoing collaboration with the renowned Mexican group, El Palacio de los Números.

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The post PALACE BINGO & SPORTS BETS CASINO IN NOGALES INTRODUCES ZITRO CONCEPT CABINET LINE appeared first on European Gaming Industry News.

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Casino Kings Unleashes Knockout Sports Betting Offer for Eubank Jr vs Benn Showdown

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The boxing world is bracing for one of the most highly anticipated matchups in recent memory as Chris Eubank Jr takes on Conor Benn at Tottenham Hotspur Stadium on Saturday, April 26th. And while punches are being thrown in the ring, Casino Kings is delivering a knockout of its own for punters and sports betting fans.

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Chris Eubank Jr, at 35, carries the poise and pedigree of a fighter who’s done it all, with a record of 34 wins (25 by knockout) and 3 losses. On the other side, Conor Benn, 28, arrives with an unbeaten record of 23 wins, including 14 knockouts, and a hunger to prove he belongs at the very top.

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The post Casino Kings Unleashes Knockout Sports Betting Offer for Eubank Jr vs Benn Showdown appeared first on European Gaming Industry News.

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ULTIM8 SPORTSBOOK IFRAME: Ultimate Solution for Operators Who Have Seen It All

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GR8 Tech launches ULTIM8 Sportsbook iFrame—an easy-to-launch solution designed specifically for the needs of experienced businesses: casino brands aiming to dominate sports betting without hiring an army of sportsbook specialists, or operators fed up with tech bottlenecks stunting their growth.

We dedicate a lot of time to talking to the market, and one thing kept coming up: too many products are built for entry-level needs. That’s fine… until it is not. Operators that grow beyond the basics often hit a wall. Their current platform needs improvement and differentiation that comes slowly, if at all; at the same time, switching to something new just means discovering another set of limitations down the line,” shares Yevhen Krazhan, CSO at GR8 Tech. “There was clearly a gap—a well-formed demand for a solution tailored to mature operators who know what their players want and are done settling for tech that slows them down or boxes them in.

ULTIM8 Sportsbook iFrame was created to tackle these advanced challenges, enabling operators to differentiate with market-leading content and a customizable front-end while maintaining full control over crucial areas like player engagement and risk management. Feature-rich right out of the box, the solution drives the ultimate revenue boost with its AI-driven toolset.

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Sergey Ghazaryan adds: “GR8 Tech aims to become the first choice for operators looking for high-performance sportsbook-driven solutions. ULTIM8 Sportsbook iFrame is a very important step towards this goal—an ultimate showcase of our sportsbook expertise, packed in a convenient, easy-to-integrate form, tailored to the demands of the mature operators that have been unanswered up until now. Well—not anymore.

Contact GR8 Tech for an in-depth guide through the ultimate sportsbook solution.

The post ULTIM8 SPORTSBOOK IFRAME: Ultimate Solution for Operators Who Have Seen It All appeared first on European Gaming Industry News.

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