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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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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
Latest News
Stakelogic Expands Presence in Switzerland with Exclusive Blackjack Launch at Jackpot.ch
Award-winning Stakelogic Unveils Branded 7-Seat Blackjack Table at Jackpot.ch, enhancing the Swiss Live Casino Experience
Stakelogic has strengthened its position in the Swiss online casino market by securing an agreement with Jackpot.ch, the online platform of Grand Casino Baden, the country’s second-leading casino.
Offering Swiss players an immersive and premium live casino experience, Stakelogic has unveiled a branded Jackpot.ch Chromakey 7-seat Blackjack table, integrated through Gamanza as part of the partnership, guaranteeing flawless gameplay and outstanding performance.
This milestone is a significant growth phase for Stakelogic in the regulated iGaming market of Switzerland. Jackpot.ch is going to offer a distinctive and exclusive gaming experience to its players with the introduction of a branded blackjack table, thus cementing its position as a leading online casino.
Stakelogic’s Chromakey technology enables highly customisable branding, allowing operators to design a unique live casino setting. The 7-seat blackjack format boosts engagement, delivering a genuine and interactive table game experience.
With its latest launch, Stakelogic has further established itself as a leading supplier of live dealer products, with further emphasis on important regulated markets. Jackpot.ch players can now enjoy a high-quality, custom branded blackjack experience, adding to the online gaming landscape in Switzerland.
Neil Tanti, Head of Sales at Stakelogic, commented: “We are excited to team up with Jackpot.ch, one of Switzerland’s biggest online casinos, to introduce our branded 7-seat Blackjack table. It demonstrates our dedication to delivering innovative live casino solutions, which are tailored to meet the requirements of our operator partners.”
Brian Christner, Chief Online Gaming at Jackpot.ch added: “We are very excited about this partnership with Stakelogic. Their cutting-edge technology and dedication to quality align with Jackpot.ch’s mission to provide our players with the best gaming experience. The launch of our branded 7-seat blackjack table is a significant moment for us, as it sets a new standard for premium live casino entertainment on the market.”
The post Stakelogic Expands Presence in Switzerland with Exclusive Blackjack Launch at Jackpot.ch appeared first on European Gaming Industry News.
Immersive virtual product adds 30,000 extra events to leading African sportsbook
Logifuture, a leading supplier of award-winning iGaming products, has strengthened its partnership with leading African sportsbook Bolabet with the integration of Zoom Soccer.
Zoom Soccer delivers ultra-realistic virtual events for sportsbook users, delivering tens of thousands of events every month for nonstop 24/7 action. With no off-peak moments and a packed schedule that’s always relevant, Zoom ensures continuous engagement. Powered by RNG for steady margins and consistent profits, it creates a fast-paced, immersive betting experience that mirrors the excitement of real football games.
This extended partnership means Bolabet is now able to offer more than 30,000 extra pre-match and in-play betting events each month to its players in Africa.
The move follows the successful addition of Simulate – another of Logifuture’s pioneering virtual products – to the Bolabet platform in August 2024.
Niccolo Cassettari, Group Chief Business Development Officer at Logifuture, said: “We are thrilled to deepen our collaboration with Bolabet through the addition of Zoom Soccer, building on the success we have seen with our Simulate partnership.
“At Logifuture, we remain focused on delivering fast-paced and entertaining sports products, and with the expansion of Zoom Soccer, we are poised to meet that demand.
“As the need for dynamic, quick-turnaround sports content increases, particularly in emerging markets, this integration will further strengthen Bolabet’s virtual sports portfolio and offer players an unparalleled gaming experience.”
Bolabet CEO Justin Palmer said: “Bolabet aims to deliver an engaging and interactive experience for our players and it’s a pleasure to welcome Logifuture’s Zoom Soccer to our product portfolio.
“The addition of Simulate last year has been hugely popular with our players and we are sure Zoom Soccer will further enhance our players’ experience.”
The post Logifuture and Bolabet deepen partnership with addition of Zoom Soccer appeared first on European Gaming Industry News.
ELA Games, an innovative iGaming game provider, presents its newest development, Noble Crown. This title, with its high-quality graphics, enticing animations and contribution to a balanced portfolio, is a testament to the studio’s design and development philosophy.
This 5×3 slot includes iconic symbols commonly seen in classic pub games, such as crowns, diamonds and lucky sevens. These revamped symbols are adorned on a polished setup, providing players with an enticing visual experience.
Scatter symbols give players cash prizes wherever they land on the reels for more dynamic gameplay. Additionally, players can boost their bankroll and experience majestic payouts on every win.
David Fall, ELA Games’ Business Development Manager, commented on the game’s release, “Noble Crown is a throwback to classic pub games, but we’ve put our own ELA Games twist on it with newly designed visuals. The game is an excellent addition to our diverse portfolio, and we’re excited to see players interact with it and rediscover classic slot gaming experiences.”
The post A Royal Commemoration: ELA Games Releases Its Latest Title, Noble Crown appeared first on European Gaming Industry News.
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