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Casinos Market Outlook and Worldwide Opportunities 2019 -2025

George Miller

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Casinos Market Outlook and Worldwide Opportunities 2019 -2025
Photo Source: uspoker.com
Reading Time: 3 minutes

 

The report provides a valuable source of insightful data for business strategists and competitive analysis of Casinos market. It provides the Casinos industry overview with growth analysis and futuristic cost, revenue and many other aspects. This study provides comprehensive data which enhances the understanding, scope and application of this report.

Casinos are establishments where people can participate in various forms of gambling, and the casino industry generates high revenues from these activities. Global casinos had a projected gross gaming yield of around 115 billion U.S. dollars in 2016, and this figure was forecasted to reach 130 billion U.S. dollars in 2019. Social casino gamers are also on the rise. It was estimated that the global social casino market would grow to 3.2 billion U.S. dollars in 2018, up from 3.18 billion the previous year.

Top Companies in the Global Casinos Market: Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands, MGM Resorts, SJM Holdings, 888 Holdings, Betfair Online Casino Games, Boyd Gaming, City of Dreams Manila, Delaware Park, Dover Downs Gaming & Entertainment, Foxwoods Resort Casino, Gala Coral Group, Golden Nugget Online Casino, Harrington Gaming online, Isle of Capri Casinos, Ladbrokes, Palms Casino Resort, Penn National Gaming, Philippines Amusement and Gaming Corporation (PAGCOR), Pinnacle Entertainment, Resorts World Manila, Station Casinos, Stratosphere, Tropicana Entertainment, Trump Entertainment Resorts, William Hill, Wynn Resorts and others.

Click the link to get a free Sample Copy of the Report.

GLOBAL CASINOS MARKET SPLIT BY PRODUCT TYPE AND APPLICATIONS:

The report segments the Global Casinos Market on the basis of Types as follows:
Gambling Machines
Gaming Tables
Online Legal Casino Gaming Services

On the basis of Application, the Global Casinos market is segmented into:
On-line
Off-line

REGIONAL ANALYSIS FOR CASINOS MARKET:
For comprehensive understanding of market dynamics, the global Casinos market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

The report has nearly 150 tables and figures browse the report description and TOC:

KEY HIGHLIGHTS OF THE REPORT
– Quantitative market information and forecasts for the global Casinos industry, segmented by type, end use and geographic region.
– Expert analysis of the key technological, demographic, economic and regulatory factors driving growth in Casinos to 2025.
– Market opportunities and recommendations for new investments.
– Growth prospects among the emerging nations through 2025.

THE REPORT PROVIDES INSIGHTS ON THE FOLLOWING:
– Product Development/Innovation: Product portfolios of the top players in the Casinos market. Detailed insights on upcoming technologies, research and development activities, and new product launches in the Casinos market.
– Competitive Assessment: In-depth assessment of the market shares, strategies, geographic and business segments, and product portfolios of the leading players in the Casinos market
– Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the market for various Casinos products across geographies.
– Market Diversification: Exhaustive information about new products and services, recent developments, and investments in the Casinos market.

Finally, Casinos Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Casinos industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

 

About MarketInsightsReports:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

 

 

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Compliance Updates

MGA Recognises 1×2 Network as a supplier

Niji Narayan

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MGA Recognises 1x2 Network as a supplier
Reading Time: 1 minute

 

The UK-based 1X2 Network has received a Notice of Recognition as a supplier from the Malta Gaming Authority (MGA). This will be a shot in the arm for the iGaming developer.

With this recognition, 1X2 Network can now offer its suite of innovative slots, virtual sports, and table games to Malta-licensed operators utilising its already licenced and established UK entity.

Kevin Reid, Chief Operating Officer at 1X2 Network, said: “We are very proud to have received this Recognition from the Malta Gaming Authority, one of the most established and trusted regulators in the world.”

“We have built our reputation around delivering popular slots, table games and virtual sports, to regulated markets around the world, and will be looking to expand our presence in Malta and other regulated jurisdictions through 2019.”

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Industry News

Studies find links between loot box spending and problem gambling

Niji Narayan

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Studies find links between loot box spending and problem gambling
Reading Time: 2 minutes

 

New research has proved that there is a strong link between problematic gambling behaviours and spending money on loot boxes.

The results of the research are published in the journal PLOS One as two studies. The results indicate that people who spend more money on loot boxes are also more likely to be unable to keep their gambling habits in check.

“Loot boxes are extremely widespread. A recent analysis we did showed that they may feature in as many as 63% of mobile games. They’re extremely profitable, too: They’re estimated to have perhaps generated as much as $30 billion in revenue in 2018,” said study author David Zendle of York St. John University.

“They’re also highly worrying — there are clear parallels between loot boxes and potentially harmful activities like gambling. Given their prevalence, importance, and the lack of literature on them, I think a good question is ‘Why weren’t more people running these studies?’”

The researchers had 1172 gamers complete psychological surveys regarding problem gambling and loot box spending.

The participants all reported regularly playing at least of one of ten popular games that feature loot boxes: Player Unknown’s Battlegrounds, League of Legends, Hearthstone, Overwatch, Counter-Strike: GO, FIFA 18, Rocket League, DOTA 2, Team Fortress 2, and Tom Clancy’s Rainbow Six Siege.

“There is a link between loot box spending and problem gambling. However, we’re not sure if this means that loot boxes literally cause problem gambling, or if it means that people who are already problem gamblers spend significantly more money on loot boxes. In either case, though, it doesn’t look socially beneficial.”

On average, the participants reported spending $19.58 on loot boxes in the past month. But some had spent up to $2300.

The study replicates the finding of previous research conducted by Zendle and published in 2018. That study, which examined 7422 gamers, found that people with more severe gambling problems tended to spend more on loot boxes.

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Will online gambling be liberalized in Israel

Niji Narayan

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Will online gambling be liberalized in Israel
Reading Time: 1 minute

 

Gambling is perhaps the only vertical in Israel that has not high tech. In almost every other sphere, the technology and the R&D surrounding have so advanced that the country has rightfully earned the tag of startup nation.

The Israeli government and courts have been taking a strong stance against liberalising online gambling. It was in 2005, when smartphone casinos were a not even a common reality, the country’s Attorney General slapped  penalties on credit card companies that facilitated online gambling.

That is how the system works in Israel. However, the change is near, there is a chance, if a new trade bill with Guatemala is any indication.

The legislature in Guatemala is on the verge of passing a bill to liberalise the country’s gambling sector. A consortium of Israeli investors has shown interest in investing in Guatemala’s gambling sector. The investment is estimated to be worth $2 billion  and top personalities like Las Vegas mogul Sheldon Adelson are involved.

This shows how Israeli investors are expanding their gambling portfolios abroad. Well-known Israeli-owned e-gambling companies like Playtech are experiencing difficult times. With competition rising from Chinese operators, the gambling software developer has seen profits dip dramatically. In those circumstances, loosening restrictions on domestic operators could become a safety valve for struggling tech firms.

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