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Global VR Gambling Market 2018-2022 to Post a CAGR of 55%

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Global VR Gambling Market 2018-2022 to Post a CAGR of 55%
Photo Credits: Oculus
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The global VR gambling market is expected to post a CAGR of close to 55% over the period 2018-2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate owing to an anticipated decrease in the year-over-year growth.

A key factor driving the growth of the market is the rise in popularity of online gambling. The increased adoption of online gaming platforms has boosted the global gambling market. The online segment of the global gambling market was valued at around USD 71 billion in 2017 and is expected to reach USD 129 billion by 2022.
This market research report on the global VR gambling market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period.

Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

In this report, Technavio highlights the use of VR as a cure for gambling addiction as one of the key emerging trends in the global VR gambling market:

Global VR gambling market: VR as a cure for gambling addiction

In the gambling sector, VR is used as a technique to cure gambling addiction. VR is seen as a secure virtual environment for gambling addicts. It provides an environment conducive to replicating the cravings of addicts. VR helps therapists to study the behavior of their subjects as technology enables therapists to monitor and determine the progress of individuals.

“Therapists are authorized to provide gambling addicts with a VR environment which caters to the needs of their subjects. Addicts with strong cravings are gently ushered into a VR world where the noise levels, number of slot machines, and number of players is reduced, thereby reducing the intensity of the environment. Therefore, VR is used as a tool to cure gambling addictions,” says a senior analyst at Technavio for research on gaming.

Global VR gambling market: Segmentation analysis

This market research report segments the global VR gambling market by type (casino, betting, lottery) and by geographical regions (APAC, EMEA, and the Americas).

In 2017, the casino segment dominated the market with 100% share but gradually the betting and lottery segments are creating a place for themselves in the market. The betting segment is expected to witness the maximum growth of close to 4% over the forecast period.

The Americas led the market with the largest share in 2017, accounting for close to 43% of the market followed by EMEA and APAC. The dominance of the Americas can be attributed to the rise in popularity of gambling in the region, coupled with the increase in adoption of VR technologies. APAC is expected to witness the maximum increase in market share over the forecast period owing to increasing popularity of gambling in Southeast Asia.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem
Market characteristics
Market segmentation analysis
Market Sizing

Market sizing
Market size and forecast
Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison
Key leading countries
Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario

 

About Technavio:

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected]

 

Source: Technavio

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NeoGames makes bid to acquire Aspire Global for SEK 111 per share

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NeoGames makes bid to acquire Aspire Global for SEK 111 per share
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NeoGames, the global leader of iLottery solutions and services, has made a bid to acquire Aspire Global, the leading supplier of gaming solutions, for SEK 111 per share.

On 17 January 2022, a public tender offer was made by NeoGames S.A to the shareholders of Aspire Global to tender all their shares in the Company to NeoGames for a consideration consisting of a combination of cash and newly issued shares in NeoGames . Aspire Global’s main shareholders, who in aggregate own shares corresponding to 66.96% of all shares and votes in Aspire Global, have entered into irrevocable undertakings that enable the other shareholders in Aspire Global to tender their shares to NeoGames and receive 100 percent cash consideration corresponding to SEK 111.00 per share tendered in Aspire Global representing a premium of 41% compared to today’s closing price of SEK 78.5 for Aspire Global’s share.

This value of the company is between 500-600 million US Dollars.

For the shareholders who elect to receive 100 percent of the consideration in cash, the Last Twelve Month (LTM) EBITDA multiple) would be 16.8x which compares very favorably to the comparable multiples in the space.

For those shareholders electing to take the mix of equity and cash on a 50:50 basis, the EV/EBITDA multiple will be 13.6x due to the proposed share price ratio which, whilst a lower multiple, also compares well to industry comparables. The latter option will be subject to change based on the movement of NeoGames share price pre closing of the Offer.

The synergies between the companies expend more the control in the value chain of gaming and lottery and will allow the group to become a true online leader in regulated markets.

NeoGames will gain access to Aspire Global proprietary products and world leader in the managed services offering, also to big volumes in regulated markets such as Europe, Latin America and Africa.

Aspire Global will be able to accelerate its US entry plans through the existing presence of NeoGames.

Aspire Global will continue to act independently and as an iGaming division in the whole group.

All the employees are expected to continue as usual in both Aspire Global group and NeoGames.

Tsachi Maimon will remain as the CEO of Aspire Global group and will be appointed to be the president of the NeoGames group.

Tsachi Maimon, CEO Aspire Global:

“Aspire Global is a high quality, leading supplier with a one stop shop in the regulated gaming industry. Following the acquisition of Btobet, Pariplay, the recent investment in bingo and the divestment of the B2C division and now this potential merger with NeoGames, we will create a leading global supplier for the entirety of the iGaming and iLottery space overnight. I strongly believe that the two companies are well matched with a solid cultural connection forged over many years of working together which will facilitate meaningful revenue synergies. The deal will allow us to leverage NeoGames’ presence in the U.S. to grow even further in this market whilst continuing to roll out new products and support the growth of our regulated clients in Europe, Latin America, Africa and North America. Setting aside the value creation from a financial perspective, both NeoGames and Aspire Global will be able to offer a state-of-the-art enhanced gaming solution as well as supporting growth for existing and new clients. This is an exciting new chapter for my management and employees as we look to lead the space with high quality and innovative products”

Moti Malul, CEO NeoGames:
“This is a highly strategic and transformational transaction for NeoGames that represents perhaps one of the more important milestones for us as a company. We believe that the combination of our two very successful companies will create a leading global provider across all forms of online lottery, sports betting and gaming that would have significant global active presence in many key markets. As a pure-play iLottery provider, we have experienced first-hand the strong convergence and expansion trend of lotteries in many countries globally into online gaming verticals and we believe that with this transaction we will become an even better strategic partner to our existing and future customers. We are excited to also be able to become a leading global provider to regulated gaming operators through the vast experience and product set that Aspire Global brings to our combined entity, together with profound operational experience which is a crucial success factor. The strong ties and cultural fit between the companies, where significant parts of our management teams have worked together and cooperated along the years, provides a great platform for future collaboration and success”

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Playtika’s Caesars Slots Launches a Month of Incredible Events to Celebrate the Mobile Game’s 10-year Anniversary

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To celebrate 10 years since its launch, the free-to-play social casino game Caesars Slots is hosting a month of events for its global community of players. Caesar Slots is a luxurious Vegas-themed Playtika game and one of the most popular “play for fun” free social casino games in the world.

The month-long January celebrations will focus on the remarkable legacy and future of the game through a range of events, tournaments, new game features and a series of national commercials launched featuring home improvement TV star Ty Pennington.

A decade of continuous growth!

The launch and growth of Caesars Slots has occurred within a tough and increasingly competitive market which typically sees users dropping their apps within three days. In the face of this, the game has managed to achieve longevity thanks to the regular launch of cutting-edge features and entertainment as well as a robust commitment to its loyal users and customers.

A focus on constant improvement of player experience and the creation of a worldwide player community dedicated to playing games are value-pinned success factors of Caesars Slots.

New features throughout the celebration

To mark the anniversary festivities, Caesars Slots players will receive personalised videos, including a “highlights reel” video featuring playing highlights from when they downloaded the app until now. In a similar vein, an exciting quest will turn players into “reel travellers” as they are shown highlights of the game’s developments since 2012.

A special “Cheers to the Next Decade” theme will also be revealed alongside 10 days of virtual gifts – one for each year in the next decade of Caesars Slots. The game will also feature a new card collection, personalised features, anniversary pet accessories, and a new anniversary room in its Fortune Palace.

All Caesars Slots players will also be able to enjoy a new, celebratory look-and-feel to the game through a temporary design, “Road to the Empire”, including a number of new features such as players being able to change the look of machines according to their “luckiest looks”!

Liran Paz, General Manager at Caesars Slots, said: “Reaching ten successful years of Caesars Slots is a huge milestone both for our team and our loyal global player community, without which this longevity would not be possible. A decade of growth is the result of putting players’ entertainment first, the Caesars way, and never ceasing to innovate and surprise. We are thrilled to be able to celebrate this great journey with our players throughout the month of January, jointly sharing memories as well as the excitement of new things to come. Our lives need play, especially during difficult moments, and as part of the Playtika family we look forward to another decade of bringing joy, play and entertainment into people’s day-to-day life!”

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Playtech and FashionTV Gaming Group Partner to Launch the First-ever Branded FashionTV Jackpot Baccarat

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Playtech, the world’s leading gambling technology company, has announced the launch of the new FashionTV Jackpot Baccarat.

With a fashionable new take on the popular live dealer game, this premium branded live jackpot game combines Playtech Live’s industry-leading technology and the creative power of FashionTV Gaming Group, the company behind the bestselling luxury line of iGaming concepts and products, based on the FashionTV megabrand.

FashionTV Gaming Group is the exclusive licensor of the FashionTV megabrand for online games and is one of the fastest-growing companies within the online gaming industry. FashionTV is enjoyed by over 2 billion viewers worldwide, with a reputation spanning 25 years as the leading global luxury, lifestyle and fashion broadcasting channel.

Playtech Live’s new FashionTV Jackpot Baccarat game is the first of a full luxury line of FashionTV-branded entertainment experiences that are sure to keep players entertained. Launching January 2022, FashionTV Jackpot Baccarat brings Playtech licensees the perfect mix of FashionTV style and the return of the popular, golden Dragon Jackpot.

Ariel Hayat, CEO of Playtech Romania Live Casino, said: “We are very excited to partner with FashionTV Gaming Group to bring the FashionTV brand to the Live Casino market. Securing leading brands like this is a key pillar of our content strategy as we look to deliver the most engaging gambling entertainment experience in the market.”

Shai Kaplun, COO of FashionTV Gaming, said: “It has been a privilege to partner with Playtech, one of the true industry greats, in bringing a unique FashionTV spin to their blockbuster format. This new game is just one in a new luxury line of live dealer products that invites players to experience the immersive world of FashionTV, firsthand. It’s exciting to see a growing number of industry giants turn to our ‘brand to business’ model as a critical growth engine, and we look forward to continuing to revolutionize the online gaming industry with luxury and glamour through the power of the FashionTV megabrand.”

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