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Global Online Gambling Market to Reach $102.97 Billion by 2025

Niji Narayan

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Global Online Gambling Market to Reach $102.97 Billion by 2025
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Grand View Research Inc. has reported that the size of the global online gambling market is expected to reach USD 102.97 billion by 2025, registering a CAGR of 11.5% from 2019 to 2025.

Increasing adoption of smartphones and easy access to casino gaming platforms are currently driving the market growth. Factors such as increasing internet penetration and availability of cost-effective mobile applications for betting are also expected to contribute to the market growth over the forecast period.

Electronic Gambling Devices are inexpensive to run and easily available. These devices have in-built software that mimics the experience of a local casino. Video Lottery Terminal uses advancing technology and can also be customised to electronic slot machines, spinning reel slot machines, video slot machines and electronic poker games.

Increasing digitalisation coupled with secure digital payment options are also some factors contributing to market growth. The market is further expected to gain momentum over the forecast period. This may be attributed to the rising use of digital currency and websites provided by companies for betting and gambling.

Asia

Japan Tourism Agency Issues IR Proposal Timeline

Niji Narayan

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Japan Tourism Agency Issues IR Proposal Timeline
Photo Source: ethicalboardroom.com
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Japan Tourism Agency has announced further details on the IR licensing schedule.

The Agency explained it will accept proposals from local governments between January 4 and July 30, 2021. Therefore, we can expect Japan regions to pick IR consortium partners in late 2020 and early 2021.

The Agency also disclosed it has conducted consultations with interested governments. The Tokyo Metropolitan Government, prefectures of Hokkaido, Nagasaki, Osaka, and Wakayama; and the cities of Chiba, Nagoya, Osaka, and Yokohama contacted them.

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Asia

PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines

Niji Narayan

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PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines
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PAGCOR chair Andrea Domingo is going to present the opening Keynote for the inaugural G2E Asia @ the Philippines, to be held at Marriott Manila on December 3–4, 2019.

Organisers of G2E Asia revealed that Ms. Domingo would speak at 10 am on December 3, with other speakers including Resorts World Manila’s Chief Gaming Operations Officer Hakan Datas and Melco Resorts & Entertainment’s SVP and Chief Information Officer, Avery Palos.

G2E Asia @ the Philippines is the newest addition to the G2E Asia series of events, held annually in Macau each year since 2007. Focused on the development of emerging ASEAN markets and comprising an exhibition, educational conference, summit and various networking opportunities, G2E Asia @ the Philippines is being held in cooperation with PAGCOR, addressing the land-based and online gaming operators across Asia.

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SYNOT Games Signs Content Deal with Aspire Global in Denmark

Niji Narayan

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SYNOT Games Signs Content Deal with Aspire Global in Denmark
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SYNOT Games has signed a content deal with Aspire Global in Denmark. SYNOT’s popular titles like Respin Joker, Book of Secrets, Alchemist’s Gold and Golden Myth will become available to the residents of Denmark with brands operating under the Aspire Global network.

Aspire Global has been operating under a gaming license in Denmark for several years and has been granted the license until 2023.

“I am happy that we are able to bring fresh, new content to the Danish market with a respected and established provider such as SYNOT Games. Our aim is to continually provide our clients with the best solutions to achieve mutual success and we look forward to achieving further growth with this partnership in the future,” Jov Spiero, VP Sales at Aspire Global said.

“We are absolutely thrilled to launch our games in Denmark and reach new audience. We highly value partnership with Aspire Global, and it has enabled us to enter several flourishing markets,” Milan Ždímal, COO of SYNOT Games said.

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