Latest News
Online Gambling Platforms Gained Larger User Base With Pandemic As A Driver Of The Global Online Gaming Market 2020
Due to the social distancing restrictions imposed because of the coronavirus outbreak, brick and mortar gambling places remained closed, due to which online gambling platforms gained a larger user base. People were forced to sit at home during the lockdown and this increased internet traffic on all fronts. More people frequently visited gambling websites and thousands of new users registered every day. According to research firm Global Poker, the US has witnessed an increase of first-time online poker players by 255% since the coronavirus lockdowns began. Overall, the poker industry has experienced a 43% growth since April 2020. Some countries saw such increases as an opportunity and modified their online-gambling laws. For example, Belarus legalized online casinos and Armenia made some changes to its existing laws. The increasing popularity of gambling apps and social gambling will propel the growth of the mobile gambling market in the forecast period, and several online-gambling platforms increased their marketing and promotional activities in the form of extra tournaments and bonuses to attract more players as well.
With these drivers and the current situation of the world, the online gambling market size is expected to grow from $58.96 billion in 2019 to $92.86 billion in 2023 at a rate of 12.0%. The market is expected to then grow to $113.12 billion in 2025 at a CAGR of 10.4%.
The Business Research Company’s report titled Online Gambling Market Global Report 2020-30: COVID-19 Growth and Change covers major online gambling companies, online gambling market share by company, online gambling manufacturers, online gambling infrastructure market size, and online gambling market forecasts. The report also covers the global online gambling market and its segments. The online gambling market is segmented by game type into betting, casino, lottery, poker, online bingo, others and by device into desktop, mobile, others.
With increasing apps and social gambling, online gambling companies are investing in building mobile platforms for their games to increase accessibility and convenience for users. The availability of smartphones with high-end features such as extended storage, high-end graphics and faster processing speeds at reasonable prices incentivize online gambling companies to make mobile-based applications. Also, mobile gambling offers significant benefits, including more deposit options, loyalty programs, and the option to play with anyone anywhere across the globe. According to App Annie, in 2020, 70% of total gambling revenue is expected to come from mobile gambling.
Along with the ease of mobile apps, companies in the online gambling market are increasingly investing in Artificial Intelligence (AI) for improving the overall experience for customers. With the help of AI, personalization for each user is possible as the technology can analyze the preference of the user in terms of game selection and offer a customized welcome page accordingly, helping the user to save time spent on looking for the right game. AI also helps in providing customer support in the form of chat-bots for resolving queries. Behavior patterns and gaming frauds can also be checked, which helps in preventing frauds and locks out scammers. Technologies such as augmented reality and virtual reality are being implemented as well, giving a more immersive and realistic experience to their users.
Beyond such high-tech updates, online gambling companies are using several tactics to gain more users. Some provide F2P (free to play) types of game products, commonly referred to as freemium. These games do not make any money for the company directly, but revenues are made through upgrades and additions of certain features and improvements by the user. The user pays a minimal amount for different kinds of virtual offerings and other game products to improve the gaming experience. This model allows online gambling companies to increase their user base and have more active players on their platforms who would eventually make a purchase. Currently, many online casinos are offering a free play version of some of their games. Companies innovating their platforms according to the increasing number of customers and their preferences will allow the online gambling market to continue to grow.
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: Online Gambling Platforms Gained Larger User Base With Pandemic As A Driver Of The Global Online Gaming Market 2020
Latest News
Everygame Casino Introduces New Rudolph Unleashed Christmas Slot Game
Everygame Casino has just introduced a brand-new Christmas game and a new crash game. With 178 chances to win on any spin, Rudolph Unleashed is loaded with features for wintertime wins. Ripcord Rush is a multiplayer crash game where players try to cash out before their parachute randomly opens.
Santa’s favorite reindeer is causing mayhem in Rudolph Unleashed. Santa Scatters can trigger a re-spin feature with Santas held in place. Rudolph symbols on the last reel can trigger the Moving Wild feature. With every spin, Rudolph shifts one reel left and keeps giving another re-spin until he reaches the first reel. When Rudolph and at least one Scatter appear, the Chasing Wild feature comes to life. Rudolph chases and replaces Santa Scatters all over the board, leaving Wilds in his wake.
Ripcord Rush is a new kind of gambling game with sky-high risks and even higher rewards. Players hop on the plane, place their bet, and prepare to make the leap. The higher they go before they jump, the more they can win – up to 5000X the bet. But wait too long and the bet is lost.
These new games are now available in Everygame’s instant play online casino and in its mobile casino for smartphones and tablets.
There are hundreds of premium real-money online slots and table games to choose from at Everygame Casino, one of the most trusted online casinos in the world. Friendly and knowledgeable customer service agents make sure that everyone enjoys themselves, and generous bonus offers give plenty of free play time.
The post Everygame Casino Introduces New Rudolph Unleashed Christmas Slot Game appeared first on European Gaming Industry News.
Latest News
Everygame Casino Introduces New Rudolph Unleased Christmas Slot Game
Everygame Casino has just introduced a brand-new Christmas game and a new crash game. With 178 chances to win on any spin, Rudolph Unleashed is loaded with features for wintertime wins. Ripcord Rush is a multiplayer crash game where players try to cash out before their parachute randomly opens.
Santa’s favorite reindeer is causing mayhem in Rudolph Unleashed. Santa Scatters can trigger a re-spin feature with Santas held in place. Rudolph symbols on the last reel can trigger the Moving Wild feature. With every spin, Rudolph shifts one reel left and keeps giving another re-spin until he reaches the first reel. When Rudolph and at least one Scatter appear, the Chasing Wild feature comes to life. Rudolph chases and replaces Santa Scatters all over the board, leaving Wilds in his wake.
Ripcord Rush is a new kind of gambling game with sky-high risks and even higher rewards. Players hop on the plane, place their bet, and prepare to make the leap. The higher they go before they jump, the more they can win – up to 5000X the bet. But wait too long and the bet is lost.
These new games are now available in Everygame’s instant play online casino and in its mobile casino for smartphones and tablets.
There are hundreds of premium real-money online slots and table games to choose from at Everygame Casino, one of the most trusted online casinos in the world. Friendly and knowledgeable customer service agents make sure that everyone enjoys themselves, and generous bonus offers give plenty of free play time.
The post Everygame Casino Introduces New Rudolph Unleased Christmas Slot Game appeared first on European Gaming Industry News.
Latest News
Kambi Group plc repurchase of shares during 20 November – 26 November 2024
Kambi Group plc (“Kambi”) has during the period 20 November to 26 November 2024 (the “Buyback Period”) repurchased a total of 50,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
During the Buyback Period, Kambi repurchased a total of 50,000 ordinary B shares at a volume-weighted average price of 106.92 SEK. From the beginning of the Programme, which started on 6 November, until and including 26 November 2024, Kambi has repurchased a total of 154,000 ordinary B shares at a volume-weighted average price of 108.17 SEK per share.
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 26 November 2024, Kambi’s holding of its own shares amounted to 154,000 and the total number of issued shares in Kambi is 29,903,619 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.
The post Kambi Group plc repurchase of shares during 20 November – 26 November 2024 appeared first on European Gaming Industry News.
-
Latest News3 months ago
BlueOcean Gaming Wins Best Aggregator 2024 Award at SiGMA East Europe Awards
-
Latest News3 months ago
EGT’s bestseller Bell Link with another great success: Its bells are now ringing in the Czech market
-
Latest News3 months ago
BOS/The Swedish Trade Association for Online Gambling commissions Advisense to strengthen efforts against money laundering
-
Latest News2 months ago
MIRACL partners with Continent 8 to offer its single-step passwordless MFA solution to simplify the login experience
-
Latest News2 months ago
Applications invited to become safer gambling charity for 2025 editions of ICE, iGB Affiliate and iGB L!VE
-
Latest News2 months ago
ACR Poker’s OSS XL Exceeds Guarantee With Over $46 Million In Prize Pools
-
Latest News2 months ago
Match of LeGGends: Double Down. Highlights of the show match between NAVI and Team Vitality
-
Latest News2 months ago
FBMDS and FBM Foundation host solidarity keepy-uppy initiative at G2E Las Vegas 2024
You must be logged in to post a comment Login