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Global Market Outlook for the Online Gambling & Betting Market 2020-2027 – World Market Forecast to Grow by US$49.2 Billion to 2027

George Miller

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Global Market Outlook for the Online Gambling & Betting Market 2020-2027 - World Market Forecast to Grow by US$49.2 Billion to 2027
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The “Online Gambling & Betting – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis and the looming economic recession, the Online Gambling and Betting market worldwide will grow by a projected US$49.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 9.6%. Poker, one of the segments analyzed and sized in this study, is forecast to grow at over 11.2% and reach a market size of US$44.2 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Poker 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 11.2% CAGR. Within Europe, Germany will add over US$2.1 Billion to the region’s size over the next 7 to 8 years. In addition, over US$2.2 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Poker segment will reach a market size of US$3.1 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 Online Gambling and Betting market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 9.5% over the next couple of years and add approximately US$7.2 Billion in terms of addressable market opportunity.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Competitors identified in this market include, among others,

  • Holdings PLC
  • Bet365 Group
  • Fortuna Entertainment Group N.V.
  • GVC Holdings PLC (Isle of Man)
  • Kindred Group Plc
  • mybet Holding SE
  • Paddy Power Betfair
  • Playtech PLC
  • Rank Group Plc
  • The Betway Group
  • The Hong Kong Jockey Club
  • The Stars Group
  • William Hill PLC

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Online Gambling & Betting Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION
Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/k6f6zb

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Gambling in the USA

IGT Launches PeakBarTop Cabinet

Niji Narayan

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IGT Launches PeakBarTop Cabinet
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International Game Technology PLC (IGT) has launched its next-generation bartop hardware, the PeakBarTop cabinet.

Guests of Cache Creek Casino Resort in Brooks, Calif., Morongo Casino Resort & Spa in Cabazon, Calif., San Manuel Casino in Highland, Calif. and Golden Nugget Hotel & Casino in Las Vegas, Nev. can be among the first players in the world to experience IGT’s much-anticipated PeakBarTop cabinet.

“Launching the PeakBarTop builds on IGT’s decades of commanding leadership in video poker and positions us to transform the entire bartop market segment. It provides our customers with a compelling, technologically advanced cabinet for market-dominating IGT video poker games such as Game King, Super Star Poker and Ultimate X Poker, in addition to Proven Performer IGT slot games such as Scarab and Solar Disc,” Nick Khin, IGT’s Chief Operating Officer for Gaming, said.

“IGT customers can launch the PeakBarTop with confidence, knowing that it’s backed by the gaming industry’s most talented and experienced video poker product team and extensive focus group testing with players, operators and bar staff,” Nick Khin added.

The PeakBarTop cabinet includes a 23-inch curved, full-HD display, a front-mounted ticket printer and an embedded card reader. The PeakBarTop cabinet also includes features such as enhanced lighting and sound, a USB mobile device charging port, a play-level indicator for service staff, and embedded Bluetooth technology that enables operators to seamlessly integrate with IGT’s cashless gaming systems technology.

The PeakBarTop cabinet supports an expansive library of IGT game content. In addition to housing the most popular video poker titles of all time, the PeakBarTop portfolio offers new IGT video poker games such as Ultimate X Bonus Streak Poker, exciting Keno games such as Da Vinci Diamonds Keno, Proven Performer slot games such as Mistress of Egypt and a variety of roulette games.

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Eastern Europe

Authentic Gaming Signs Live Roulette Deal with FavBet

Niji Narayan

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Authentic Gaming Signs Live Roulette Deal with FavBet
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Online sportsbook operator FavBet has entered into a deal with the market-leading live roulette provider Authentic Gaming.

Under the deal, FavBet players will now be able to access highly entertaining live roulette titles streamed from Authentic Gaming’s modern ARENA Studio located in Malta. This includes 24/7 Roulette, Grand Roulette and the provider’s flagship Blaze Roulette variant.

The deal also includes Authentic Roulette, which allows players to sit down next to real players and wager at real tables located on the floors of real casinos around the world.

FavBet has also taken two branded auto-roulette tables, providing players with a bespoke live roulette offering that allows the operator to stand out from its rivals.

“We are delighted to have joined forces with FavBet and to be proving its players with the most authentic live roulette experience on the market. Blaze has proved to be hugely popular with players in markets all over the world, while our Authentic Roulette titles really do take players to the heart of the action taking place on the casino floor. We believe this will be a successful partnership for Authentic Gaming, FavBet and most importantly FavBet players,” Jonas Delin, CEO of Authentic Gaming, said.

“Live casino is becoming increasingly popular with our players, so we wanted to expand our offering with unique, quality live dealer content. Authentic Gaming is the absolute market leader when it comes to live roulette, and we are delighted to have integrated its full suite of games into our live dealer lobby,” Aleksey Tserkovnyi, Product director at FavBet, said.

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Industry News

Codere SA Launches New Italian Gaming Machines Distribution Unit “Codwin”

Niji Narayan

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Codere SA Launches New Italian Gaming Machines Distribution Unit “Codwin”
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Spanish gaming company Codere SA has created a new Italian gaming machines distribution unit “Codwin” by merging its subsidiaries FG Slot and Gap Games Italia.

Codere is the majority shareholder in the two existing businesses and won approval from investors to merge the units at a shareholder meeting in April.

Andrea Rigodanzo, former MD of FG Slot, will head up the new company, which Codere hopes will offer savings on operational costs.

Rigodanzo said: “It is an extremely difficult time for the legal gaming sector, in particular for operators of gaming machines. As a result, we have decided to join forces to face the challenges the market is presenting to us. The Covid-19 pandemic arrived in an already difficult context of increased taxation and regulations that put a strain on the sector…

“With Codwin we intend to offer a model of management integration and efficiency that will also represent an incubator for other companies that want to continue operating according to the usual standards of reliability and legality and who have a long-term project to share with us. We are able to support companies that are currently experiencing difficulties and to implement a shared strategy that allows them to face the future with optimism and competence.”

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