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Amid the COVID-19 crisis and the looming economic recession, the Gambling market worldwide will grow by a projected US$204.7 Billion, during the analysis period

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Amid the COVID-19 crisis and the looming economic recession, the Gambling market worldwide will grow by a projected US$204.7 Billion, during the analysis period
Amid the COVID-19 crisis and the looming economic recession, the Gambling market worldwide will grow by a projected US$204.7 Billion, during the analysis periodReading Time: 2 minutes

 

Reportlinker.com announces the release of the report “Global Gambling Industry”

An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Lottery market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.6% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$5 Billion to the region’s size over the next 7 to 8 years. In addition, over US$4.3 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Lottery segment will reach a market size of US$5.2 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Gambling market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 10.6% over the next couple of years and add approximately US$65.4 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Gambling market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, 1xbet (Exinvest Limited); Holdings PLC; AsianLogic Limited; Bet365 Group; bet-at-home.com AG; Betsson AB; Betway Limited; BML Group Ltd. (Casinoeuro); Caesars Interactive Entertainment, Inc.; Camelot Group; Casino Cosmopol; Casumo Services Limited; Co-Gaming Ltd. (Casinostugan); Co-Gaming Ltd. (Comeon); Folkeautomaten; Funstage Spielewebseitenbetriebsges.m.b.H; Galaxy Entertainment Group Ltd.; Genting Berhad; GVC Holdings PLC (Isle of Man); Jackpotjoy Plc; Kindred Group plc; Las Vegas Sands Corporation; LeoVegas AB; MGM Resorts International; Mobilbet; Mr Green Limited; mybet Holding SE; NorgesAutomaten; Norsk Tipping AS; OnlineCasino Deutschland AG; Osterreichische Lotterien Gesellschaft mbH (Win2day); Paddy Power Betfair; Pinnacle (Curacao); Playtech PLC (Isle of Man); Rank Group Plc; SJM Holdings Ltd.; Sportech PLC; Svenska Spel AB; The Stars Group; Vera & John; William Hill PLC; Wynn Resorts Limited

Read the full report: https://www.reportlinker.com/p05899560/?utm_source=GNW


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: Amid the COVID-19 crisis and the looming economic recession, the Gambling market worldwide will grow by a projected US4.7 Billion, during the analysis period

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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Optimove Launches OptiLive: For the First Time, Sportsbook Operators Can Create CRM-Powered Live Sports Marketing at Scale

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OptiLive empowers sportsbooks to maximize in-play (live) sports betting by delivering real-time, personalized messages to millions of players during live sporting events 

Optimove, the #1 CRM Marketing solution for iGaming and Sports Betting, today announced the launch of OptiLive, a first-of-its-kind solution that enables sportsbook operators to create CRM-powered live sports marketing at scale. By combining CRM data such as players interests and betting history, with real-time sports data, OptiLive empowers marketers to deliver timely, relevant messages to their players —all in the heat of the action. 

In-Play Betting Drives Higher Player Spending and Garners More Betting Budget

An analysis of 3,794,500 sportsbook bettors found that live betting accounts for 54% of total bets. Furthermore, live bettors consistently spend more than pre-match bettors. For example, in the U.S., bettors’ average monthly live betting spend is $1,583.90, compared to $846.20 for pre-match betting—an 87% increase. This highlights the immense revenue driver in-play betting is for sportsbooks and OptiLive is designed to capitalize on it. Through tackling the complexities of delivering simultaneous, real-time messages across multiple brands, sports and geolocations, OptiLive redefines the in-play betting experience, driving deeper connections with their players.  

A Game-Changing Example in Action 

Imagine a high stakes soccer match between Real Madrid and Barcelona and Kylian Mbappé scores a pivotal goal to put Real Madrid ahead. OptiLive will: 

1. Autonomously identify the relevant sports fans who’ve shown interest in bets related to Kylian Mbappé or the competing teams and,  

2. Instantly delivers a message alerting them of the goal the moment it happens, complete with the latest live odds 

This real-time, hyper-personalized approach captures the excitement, encourages immediate action, and drives higher in-play betting activity—keeping operators seamlessly connected to bettors during critical moments. 

With OptiLive, Optimove elevates mass personalization in marketing to new heights, enabling operators to manage millions of tailored messages across sports, regions, and events simultaneously. This ensures every bettor receives timely, relevant communications, no matter where or when they engage. 

OptiLive Only Delivers Messages Tailored to Each Sports Fan’s Interests 

Sports fans are selective about the games they follow—and irrelevant notifications risk disengagement.

A survey of 396 gamblers conducted by Optimove Insights, the research arm of Optimove, revealed that an overwhelming 86% of online gamblers opt-out from platforms due to an avalanche of irrelevant messages. 

OptiLive’s advanced AI-driven personalization engine ensures bettors only receive messages that are aligned with their interests and betting history. Soccer fans get instant updates when teams they bet on score thrilling goals while tennis enthusiasts are notified the moment the players they bet on win pivotal sets. OptiLive avoids generic, excessive notifications, delivering timely and meaningful updates that drive engagement and conversions. 

OptiLive seamlessly integrates into sportsbook operations 

Designed for scalability, OptiLive integrates effortlessly into sportsbook operations, automating personalized campaigns across all major sports and marketing channels.  

With OptiLive, sportsbook operators can now: 

  • Alert players of key sporting events, such as goals and penalties, in the moment. 
  • Provide players with statistical insights on players and teams to enhance decision-making. 
  • Monitor, analyze, and review campaign performance in real-time. 

“For operators, OptiLive is a game-changing capability to boost player engagement, build loyalty, and drive conversions like never before,” said Shai Frank, SVP of Product and GM of Americas at Optimove. “For the first time, OptiLive empowers marketers with CRM-powered live sports marketing campaigns delivering a totally new experience for players and operators alike. It’s not just another tool—it redefines live sports betting by connecting with personalized, perfectly-timed messages that make every moment more thrilling for players.”  

Frank also noted that the higher average spend by live bettors highlights the potential for operators to enhance player lifetime value through targeted, timely personalized messages to players. 

Optimove is the iGaming industry’s most comprehensive CRM Marketing platform 
 
The launch of OptiLive marks the latest advancement in Optimove’s robust suite of tools and capabilities, further reinforcing its position as the #1 CRM Marketing platform for the iGaming and Sports Betting. Optimove is the iGaming industry’s most comprehensive CRM Marketing platform that is now enhanced with the following: 

  • A Dynamic Promotion Engine that automates personalized, CRM-driven rewards based on real-time customer behavior, enabling marketers to deliver impactful and timely promotional offers with ease. 
  • A Digital Experience Platform (DXP) accelerating time-to-conversion and boosts customer lifetime value by creating seamless, holistic customer experiences across digital channels. 
  • AI-Driven Gamification the first-of-its-kind innovation designed to enhance player engagement and retention by delivering highly immersive, personalized gamified experiences. 

OptiLive on Display at ICE 2025 Summit 

Optimove is showcasing OptiLive at the ICE 2025 Summit in Barcelona, January 20-22. Attendees can visit Booth #4A34 in Hall 4 for a first-hand look at this first-of-a-kind solution powering sportsbook marketers. 

The post Optimove Launches OptiLive: For the First Time, Sportsbook Operators Can Create CRM-Powered Live Sports Marketing at Scale appeared first on European Gaming Industry News.

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LeoVegas Group partners with Women in Tech

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Today, LeoVegas Group is proud to announce that it has joined the Swedish Women in Tech organization, an NGO established in 2014 which has been a driving force for gender equality in Sweden’s IT sector. By joining this network of nearly 40 partners and 25,000 members, LeoVegas Group reinforces its dedication to attracting more women to the tech industry and fostering innovation across the business landscape. As Co-Creating Partner, LeoVegas Group will participate the #WITswe2025 Conference, scheduled for April 2025. The partnership also paves the way for recruiting events as well as co-hosted events in the Group’s offices in Stockholm, Växjö, and Västerås.

Mattias Wedar, Chief Product and Technology Officer at LeoVegas Group, said “I’m delighted that LeoVegas Group is joining Women in Tech as a Co-Creating Partner. We’ve had the organization on our radar for a few years now, and we can’t wait to start collaborating to empower women and attract more of them to our fantastic and growing industry”.

Åsa Johansen, Director at Women in Tech Sweden, said “We are thrilled to welcome LeoVegas Group as a partner this year. Their commitment to driving gender equality and innovation in tech aligns perfectly with our mission at Women in Tech. It is so important that we do this together. We’re excited to collaborate on creating impactful events and opportunities that inspire and empower women to thrive in the industry”.

LeoVegas Group has experienced rapid growth in recent years, expanding from 800 to approximately 1,900 employees, many of whom are based in the Group’s tech-focused offices worldwide. The Group currently has numerous open vacancies in locations such as Málaga, Spain, Stockholm, Sweden, and Warsaw, Poland.

The post LeoVegas Group partners with Women in Tech appeared first on European Gaming Industry News.

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Media Troopers Attends ICE in Barcelona with New Greek License

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Media Troopes, a leading digital marketing agency specializing in North American sports betting iGaming, has been awarded a license by the Greek authorities. The company will showcase at ICE, the world’s premier gaming technology, data, and analytics conference, which will be held for the first time in Barcelona between January 20 and 22.

Shmulik Segal, CEO of MediaTropers, said: “We are honored and excited to have been awarded the Greek license. This marks a new milestone for our company, which has already established itself as a driving force in the American gambling market and is now ready to embark upon new territories.”

Media Trooper’s Greek gaming affiliate license was granted by the country’s regulator, the Hellenic Gaming Commission (HGC), allowing it to carry out promotional gambling activities in the country.

“We have been blessed to become one of the largest providers of traffic to US sportsbooks and casinos, generating large amounts of depositing customers for our partners every month in over 35 US states and in Canada. The key to our success is always being ahead of the curve in our quest for the next regulated marketplace to provide our partners with a first-mover advantage. So alongside the emerging Brazilian market, establishing our presence in Greece is an exciting prospect.”   

The post Media Troopers Attends ICE in Barcelona with New Greek License appeared first on European Gaming Industry News.

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