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How The European Casino And Gaming Sector Is Changing
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The online casino and games industry in Europe is expanded at its fastest rate in its history which has been driven by more favorable gambling laws and technological advance. While traditional games at casinos such as UK slots remaining popular other types of skill-based gaming are catching up due to the demand on the next generation of gamblers. It is estimated that worldwide there are now over 2 billion gamers that generate in excess of $100 billion each year and is on the rise.
There are many different sectors that make up the gaming industry with some such as smartphone growing rapidly and others such as PC in decline. Mobile technology has been at the forefront of driving innovation in the marketplace and has seen double-digit growth over the last couple of years. It is estimated that this sector alone by 2020 will produce over $65 billion which is remarkable when you consider it only produced less than $40 billion back in 2016. The main area of growth in mobile gaming has come from China which is estimated to generate over $50 alone by 2020.
In Europe, the amount of gamers that are playing between the ages of 33-44 is on the increase. This was the first generation that experienced games consoles and there loves for playing games has not declined over the years. Gamers aged between 18 to 24 still dominate the amount of time spent along with having the most players but there has never been so many older generation that plays games on a regular basis. In fact, it is estimated the 45-64-year-olds spend 7.5 hours each week playing. This is greater than the amount of time spent by the younger generation of 33-44 as they only spend 6.5 hours each week.
By the year 2020, the revenue produced by online gambling is expected to each over €24.9 billion in Europe which over a five year period is an increase of around €10 billion. In the UK the gambling market is one of the strongest in the world and ranks second in terms of size in Europe and fifth overall. Leading the way is China followed by the USA and then Japan with a large percentage of wagering taking place illegally.
There are over 30 million people from the UK that play games on a regular basis. By 2020 it is estimated that more than £7 billion will be spent on gambling online with over £15 billion in total revenue.
The growth projections for the whole of Europe are all upward and the industry is at one of the most vibrant points in its long history. New technology such as the blockchain and smart contracts are providing new innovations at breakneck speed in the sector so by 2020 expect to see crypto gambling at the forefront of development.
Conclusion
If the laws and regulations to stay the same across Europe the industry will continue to thrive. New technology over the next five years will help to make gambling safer and more transparent which is great news if you like to have the occasional bet.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: How The European Casino And Gaming Sector Is Changing
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“We are deeply thankful to our partners at Grand Pasha Nicosia for their trust and collaboration. This partnership not only strengthens our presence in the Cypriot market but also sets the stage for future growth and innovation,” said Radoslav Le, International Sales Manager.
The post CT Gaming Expands Presence with New Installation in Cyprus appeared first on European Gaming Industry News.
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Casino Tróia is a popular gaming and entertainment venue on the Tróia Peninsula off the coast of Setúbal in Portugal. The elegant casino is part of the 5-star Tróia Design Hotel Resort and welcomes international visitors and local guests alike with a broad variety of gaming entertainment, comprising video slots of leading manufacturers as well as table games including Black Jack, Roulette and Poker.
To upgrade the casino’s player journey and enhance the internal business processes, the management of the Casino Tróia have opted for a visionary solution powered by NOVOMATIC: In early January, the NOVOVISION (NV) casino management system was successfully implemented in an Advanced setup comprising NV core as well as a number of additional modules that comprise nearly the entire gaming floor.
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All 150 video slots of leading manufacturers across the Casino Tróia have been retrofitted with NOVOVISION player tracking modules (PTM) for smooth and intuitive cashless gaming. They also ensure precise accounting processes and for player revenues to be consistently accounted for in the loyalty programme. Also the majority of the casino’s live tables have been equipped with NV tables accounting functionalities. NV pay guarantees the fast pay-out or purchase of additional credits at three cash desks and a brand new NCM 90 large-capacity cash terminal.
Floor staff benefit from the NOVOVISION Notifier app, which notifies selected users of any defined event according to their user role to ensure they can react to these alerts fast and accurate. At the same time, the Casino Tróia’s management will greatly appreciate the system’s powerful set of Business Intelligence functionalities that enable them to make informed decisions for their business, based on in-depth analysis of game, machine and player performance, promotions and the business trends as a whole.
Werner Kearns, Sales Manager NBS, said: “Casino Tróia is our second NOVOVISION installation in Portugal, which firstly shows how highly the Portuguese market appreciates visionary solutions, and secondly, it is a real testament to the excellent local service provided by our long-standing local distribution partner Marcos Pinto from Diverstock. It is very gratifying for me personally to see how our solution is gaining momentum with customers who recognise its true benefits and technical depth. I also extend my thanks to the management of Casino Tróia for their trust and the excellent cooperation of their local team with our NOVOVISION teams.”
Jorge Calado, General Manager Casino Tróia, said: “We are incredibly proud to implement this state-of-the-art management system, which not only enhances the quality of service we offer our customers but also delivers a more engaging and dynamic experience for them. This milestone is the culmination of months of dedicated effort and collaboration between our team at Casino Tróia, Diverstock, NOVOMATIC and the SRIJ (Serviço de Regulação e Inspeção de Jogos). Thanks to this collective effort, we are now among the first casinos in Portugal to offer such an innovative solution to our guests. This achievement represents a significant step in our continuous journey of growth as we strengthen our value proposition and leverage innovation as a key differentiator in the national market. The new system expands our service offerings for guests while streamlining operations for our team, enabling faster, more efficient service and creating a smoother, more engaging customer experience.”
The post NOVOVISION CMS Celebrates Successful Go-live at Casino Tróia in Portugal appeared first on European Gaming Industry News.
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The post Danes Gambling Spend Increased in November 2024 appeared first on European Gaming Industry News.
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