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Sports Betting Market is Booming | Detailed Analysis Report on Key Players, Growth Prospects & Market Size 2018-2022: Radiant Insights, Inc.

George Miller

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Sports Betting Market is Booming | Detailed Analysis Report on Key Players, Growth Prospects & Market Size 2018-2022: Radiant Insights, Inc.
Reading Time: 2 minutes

 

The global Sports Betting Market is expected to rise at a significant CAGR of 8.62% during the period 2018-2022. Sports betting market is driven by significant outlay of users on online platforms for gambling and easy money practices. Virtual gaming is getting a wider attention due to rise in the number of users logging on hourly basis.

The primary audience for sports betting includes the age group of 16-23 years and the secondary audience (above 26 years of age). For the former age group, betting rooms such as rummies and lotteries exist whereas the latter age group actively deals with football, hockey, cricket, auto racing, horseracing, and dog racing. Out of the ones mentioned, horseracing and dog racing are legal in most of the countries; whereas betting on football, hockey, and cricket have limitations to operate in several countries.

However, scandals and illegal betting practices involving a huge amount of money have hindered the market growth for sports betting activities. Stringent laws by Government in several countries are expected to check the illegal market in the forecast period. Geographical segmentation for sports betting market includes North America, South America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific dominates the sports betting market due to presence of digital platforms, user adoption to online betting, and presence of a sizeable market in several regions of APAC. Additionally, increase in demand for online games that involve money gambling contributes significantly to the sports betting market. Horseracing is one of the prominent areas of sports betting. As compared to European and North American counterparts, the market is in its booming stages with more people actively interested in wrestling and knockout matches. Middle Eastern and African regions operate on regional levels but have a greater access to online casinos. The key players in the sports betting market include GVC holdings, Kindred Group, William Hill, Paddy Power Betfair, and 888 Holdings.

Access 114 page research report with TOC on Sports Betting Market available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-sports-betting-market-2018-2022 

  • About Sports Betting:Sports betting is a type of gambling activity that involves predicting the outcome of a sports activity and placing wagers accordingly.
  • Covered in this report:The report covers the present scenario and the growth prospects of the global sports betting market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of sports betting.
  • The market is divided into the following segments based on geography:
    • Americas
    • APAC
    • EMEA

Global Sports Betting Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

  • Key vendors:
    • 888 Holdings
    • GVC Holdings
    • Kindred Group
    • Paddy Power Betfair
    • William Hill
  • Market driver:
    • The digital revolution in sports industry
    • For a full, detailed list, view our report
  • Market trend:
    • Growing popularity of virtual sports betting
    • For a full, detailed list, view our report
  • Key questions answered in this report:
    • What will the market size be in 2022 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?

 

About Radiant Insights, Inc.: 

At Radiant Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

George Miller 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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Central Europe

FACR and Sportradar renew integrity and data partnership

George Miller

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FACR and Sportradar renew integrity and data partnership
Reading Time: 2 minutes

 

The Football Association of the Czech Republic (FACR) and Sportradar – the world’s leading supplier of sports integrity solutions – have today entered a long term integrity partnership.

Under the agreement, all matches in FACR third tier and youth competitions will be monitored by Sportradar’s Fraud Detection System (FDS); the most technically advanced bet monitoring system available, and the only such system to be independently assessed and verified by recognized experts in the field of sports betting and integrity. The partnership will also see Sportradar’s Intelligence & Investigation Services support FACR’s intelligence programme, utilising big data and open source analysis, powered by cutting edge technology solutions and a team of dedicated intelligence experts.

In addition to the integrity partnership, Sportradar will act as FACR’s official data partner across all major men’s, women’s and youth competitions during the course of this agreement.

Speaking about the partnership, Jan Pauly, General Secretary of FACR said: “Sportradar have been a valued and trusted partner of ours since 2012, with their FDS bet monitoring solution providing valuable oversight of global betting data surrounding our competitions. By adding their Intelligence and Investigation services to our integrity programme, we are confident that we will gain an extra layer of visibility and insight into potential integrity risks, as we have already witnessed through collaboration on previous projects.”

Sportradar Integrity Services Managing Director Andreas Krannich added: “We have been proud partners of the FACR since 2012 and are delighted to be extending – and expanding – our integrity partnership well into the next decade. Our long term partners know best the importance we place on establishing strong working relationships, as they help put safeguarding efforts in the best position to succeed. Moreover, our Intelligence and Investigation products will now put FACR competitions in an even stronger position to thrive. We look forward to building our relationship with FACR over the coming years and playing an even stronger role in helping to uphold the integrity of Czech football”.

 

ABOUT SPORTRADAR INTEGRITY SERVICES:

Sportradar Integrity Services are the world’s leading supplier of monitoring, intelligence, education and consultancy solutions for sport organisations and state authorities to support them in the fight against betting-related and sports corruption. Trusted and relied on by more than 75 sports governing bodies and leagues around the world, and staffed with executives who have both implemented betting policies for the world’s largest sports bodies and provided large-scale consulting services to leagues in the integrity space, they are firmly established as the unrivalled market leader in the field of sporting integrity.

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Press Releases

iSoftBet invites players to hit The Strip with Vegas High Roller

George Miller

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iSoftBet invites players to hit The Strip with Vegas High Roller
Reading Time: 1 minute

 

Premium provider captures the thrill of the casino on its latest slot release

 

iSoftBet, the market-leading online and mobile casino software provider, is taking players on an exhilarating trip of a lifetime to Nevada, the home of gambling, to try their luck on its latest title Vegas High Roller.

This 5-reel, 10-line game features stunning graphics and immersive gameplay, perfectly capturing the thrilling experience of the world-famous Las Vegas slots.

To add to the excitement, three or more Scatter symbols will award High Roller Free Spins, with seven, 10 or 15 free spins up for grabs and a chance to cash in your chips.

With Free Spins and random Cash Chip Spins in play, the base game offers enough action to drive maximum entertainment, until players have the nerve to enter the exclusive High Roller Lounge, where they can win up to 15,000 coins with Super Respins.

Michael Probert, Chief Commercial Officer at iSoftBet, said: ”We are delighted to announce the release of Vegas High Roller, and excited to see the industry reaction to this unique and highly enjoyable gambling experience.

“Focussing the game around the thrills of the Las Vegas casinos to offer immersive gameplay, we are confident this title will be a ‘big win’ with both our operators and our players.”

 

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Gambling in the USA

The Cordish Companies Announces Key Executive Appointments In Gaming Division Expansion

George Miller

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The Cordish Companies Announces Key Executive Appointments In Gaming Division Expansion
Reading Time: 3 minutes

 

Travis Lamb Elevated to Chief Financial Officer of Cordish Gaming Group; Anthony Faranca Named Executive Vice President & General Manager of Live! Casino & Hotel in Hanover, Maryland

 

The Cordish Companies announced key appointments to its corporate executive team in the Gaming & Lodging division, as the company moves to expand the Live! brand in the Mid-Atlantic region with the development of two new gaming properties in Pennsylvania.

TRAVIS LAMB, who most recently served as Executive Vice President & General Manager of Live! Casino & Hotel, in Hanover, MD, has been elevated to the new position of Chief Financial Officer for Cordish Gaming Group, the company’s international gaming division.

Succeeding Lamb will be ANTHONY FARANCA who joins the company as Executive Vice President & General Manager of Live! Casino & Hotel. Both appointments are effective immediately.

The announcements come as The Cordish Companies prepares for significant growth with the addition of two new gaming properties, including Live! Casino & Hotel in Philadelphia, PA, and Live! Casino in Westmoreland County, PA, just outside of Pittsburgh. Additionally, Live! Casino & Hotel in Maryland is putting the finishing touches on a significant expansion of its Event Center to accommodate up to 4,000 seats upon completion.

“We are incredibly fortunate as a company to have a leader as skilled and knowledgeable as Travis and we’re pleased to elevate him to a position where he can have even greater impact on the growth of our gaming ventures in both Maryland and Pennsylvania,” said David Cordish, Chairman, The Cordish Companies. “We are also thrilled to have a gaming executive as experienced as Anthony on board and know he will be a fantastic addition to our flagship property in Maryland.”

TRAVIS LAMB is a senior level executive with more than 25 years of experience in the casino gaming industry, primarily serving in strategic planning and analysis and financial leadership positions. In his new capacity as CFO of Cordish Gaming Group, Mr. Lamb will oversee the planning, implementation and management of all the financial activities of the company’s gaming projects, including the newest ventures in Philadelphia and Pittsburgh.

Mr. Lamb joined The Cordish Companies as Chief Financial Officer of Live! Casino & Hotel and was later promoted to General Manager, where he oversaw the addition of the flagship Live! Hotel and the expansion of the Live! Event Center. Prior, Mr. Lamb served as Vice President of Finance at Harrah’s Philadelphia Casino & Racetrack, where his duties included managing financial accounting, income audits, planning & analysis, risk management and regulatory compliance, while overseeing a financial team of 100 employees. He also spent six years as Harrah’s Eastern Division Vice President of Financial Planning & Analysis, working with ten properties from Iowa to Atlantic City, including Canada and the Bahamas. Mr. Lamb also has ten years of experience serving in finance leadership positions with Harrah’s East Chicago Riverboat Casino Hotel and Showboat Atlantic City Casino Hotel.

ANTHONY FARANCA brings more than 25 years of diverse management experience from multiple gaming jurisdictions to his new role as Executive Vice President and General Manager of Live! Casino & Hotel in Maryland, where he will assume oversight of the day-to-day management and operations of one of the largest commercial casinos in the country.

Mr. Faranca most recently served as Vice President and General Manager for Station Casinos in Las Vegas, Nevada, before joining the Live! Team. Prior, he held the position of Vice President and General Manager for Parx Casino in Pennsylvania, where he helped affirm the property’s status as the number one revenue-producing facility in the state. In addition, Mr. Faranca spent several years in Atlantic City, New Jersey, where he served as Vice President of National Casino Marketing for Caesars Entertainment. Throughout his career, Mr. Faranca has helped organizations drive growth through effective marketing, enhanced guest service and team member engagement.

“During this exciting time, it is our primary focus to place attention on the projects at hand, while continuing to deliver the same level of excellent customer service that our guests have come to expect at Live! Casino & Hotel,” said Rob Norton, President of Cordish Gaming Group. “These appointments not only strengthen our corporate gaming division, but also position us to enhance the results of our existing operations, while pursuing development in other gaming jurisdictions.”

 

Source: The Cordish Companies

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