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Online Gambling Market to Hit $80.65 billion by 2025- Insights on Size, Share, Technological Trends, Business Opportunities, and Key Highlights: Adroit Market Research

George Miller

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The Global Casino Gaming Market is expected to grow from USD 6,247.75 Million in 2019 to USD 8,443.56 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.14%
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Increasing adoption of smartphones expected to drive the online gambling market at a CAGR of 9.8% during the forecast period. In 2018, Sports betting dominated the online gambling industry and Geographically Europe dominated the online gambling industry. This is due to the fact that the region considerate of large number of countries like, Germany, Italy, UK and France where online gambling is legal.

 

The global online gambling market size is estimated to reach up to USD 80.65 billion by 2025 mainly driven by rising internet penetration and growing adoption for smartphones and tablets amongst generation X and millennials. Moreover, online gaming platforms offers various forms of online gambling games such as online poker, sports betting, online bingo, online lottery and casino game. These games has brought huge switch from traditional to online gambling platform.

The report also throws light on various aspects of the online gambling industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the online gambling industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.

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The current consumer landscape suggests that consumers are preferring online gambling over offline mode of gambling. Hence, online gaming products are expected to offer new revenue opportunities for online gaming service providers.

In product type segment, the market for casino sub-segment is estimated to grow at the CAGR 10.2% during the forecast period. This growth is primarily driven by the increase in streaming over the internet and stability of the servers, which enable the companies to offer real time experience and comfort to the players. There has been significant demand for online casino by millennials, which is expected to further drive the market.

The “Global Online Gambling Market Size 2017 by Type (Sports Betting, Casinos, Poker, Bingo and Others) by Device (Mobile and Desktop) by Region (North America, Europe, Asia Pacific, Central & South America and Africa) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates. Access the full report @ https://www.adroitmarketresearch.com/industry-reports/online-gambling-market

In 2018, mobile the sub segment of the device segment dominated the global online gambling market. The segment accounted USD 26.99 billion and is expected to grow at a CAGR of 12.0% over the forecast period. The enhanced convenience offered by mobile phones which allows the gamblers access to their favorite gambling websites and app from anywhere anytime is expected to boost the market. In 2018, the mobile devices occupied a share of 64.40%. Advances in mobile phone technology and explosion of mobile gambling into the online gaming industry has made the entire gambling process easy and user friendly for those who choose smartphones over desktop or tablets.

Geographically, Asia Pacific is leading the global online gambling market driven by increasing population across the demographics, and newly developing markets such as India, Singapore, Thailand and Indonesia due to internet penetration. Europe and North America held the first and second largest market value shares respectively. Other developing markets in countries such as Brazil and Argentina are going to drive the market for South America which is the second fastest growing markets globally.

William Hill, Bet365, PP+B, Betsson, Ladbrokes, Amaya, GVC Holdings, 888 holdings, Skybetting & gaming and Unibet(Kindred Group) are the leading players present within the global online gambling market.

Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Online gambling Overview Market, By Type
Chapter 5. Online gambling Market Overview, By Devices
Chapter 6. Online gambling Market Overview, By Region
Chapter 7. Company Profiles

Browse more reports:

Casino Management System Market 2018-2025: The global casino management system market is anticipated to record substantial growth over the forecast period credited to increase in need of business insights and automation, growing demand of risk management and effective security, and rising awareness over fraud-related transactions. Though, factors such as the necessity of high initial investment and rising cyber threats are anticipated to restrain the global casino management system market growth. Browse the [email protected] https://www.adroitmarketresearch.com/industry-reports/casino-management-system-market

Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html

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Nuvei Announces New Corporate Positioning and Brand Merger with SafeCharge

Niji Narayan

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Nuvei Announces New Corporate Positioning and Brand Merger with SafeCharge
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Payment technology provider Nuvei has announced the launch of its new corporate positioning, tagline and redesigned website.

The new brand represents the company’s drive to unite payment technology and consulting. Its mission is to provide the payment technology and intelligence businesses need to succeed locally and globally, through one integration.

This also marks the brand merger with SafeCharge, which Nuvei acquired in August 2019. SafeCharge will now operate under the Nuvei name, representing its global brand. The integration of both organisations under one name and a full-stack, native payment technology platform is designed to further remove payment barriers worldwide, empowering merchants with unparalleled global commerce capabilities.

“Businesses are looking for partners, both strategic and technological. We’ve become the payment technology partner that our clients can count on to make our world a local marketplace. We aim to deliver unified commerce solutions and expertise, helping our clients capture every payment opportunity that comes their way – no matter where or how they operate,” Phil Fayer, chairman and CEO of Nuvei, said.

Through a single integration, Nuvei provides a seamless payment journey with connectivity into 200 geographic regions and local acquiring in 30 markets. Businesses can easily accept more than 450 alternative and local payment methods in 150 currencies, delivering a frictionless customer experience wherever transactions happen. Nuvei’s collective intelligence and proven technology offer merchants the ability to increase approval rates, enhance customer retention and loyalty, reduce fraud and simplify business operations.

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Spiffbet Set to Acquire Goliath Casino

Niji Narayan

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Spiffbet Set to Acquire Goliath Casino
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Spiffbet is set to acquire the parent company of Goliath Casino, a Swedish online casino operator that mainly targets higher spending players.

In a deal that still has to be approved, Spiffbet will offer Goliath shareholders new shares in Spiffbet. Up to 6,632,331 Spiffbet shares will be issued at SEK0.401 each, which will represent 3.8% of all Spiffbet shares and correspond to a value of around SEK2.6 million (€252,518).

Spiffbet plans to offer a further private placement worth SEK856,073 to selected investors, including some Goliath shareholders, to partially finance the acquisition of Goliath as a wholly-owned subsidiary.

Goliath’s director board has recommended the deal, but it will need approval from 90% of Goliath’s shareholders. So far, 84.2% of shareholders have indicated their support.

Spiffbet, which completed a merger with Metal Casino earlier in the year, has said it expects Goliath to make a contribution to profit for the second half of the year.

“The acquisition of Goliath strengthens our position in the online casino and is an important part of our acquisition plan. Through Goliath, Spiffbet gets access to a new brand that is internationally viable and that we can develop and expand into new markets,” Henrik Svensson, Chief Executive of Spiffbet, said.

“Furthermore, the coordination benefits with Metal Casino are clear. Goliath fits in well with our business and complements our market presence with a different profile and partly other markets,” Henrik Svensson added.

“Through the acquisition, Goliath gets a fresh start and can, through Spiffbet, continue to develop and be part of a larger group of companies where other brands are included. Spiffbet has strong support from its owners to be the locomotive in the consolidation that is taking place in the gaming industry and I look forward to being a part of this journey,” Claes Wenthzel, Chairman of Goliath, said.

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Casino.org Launches “Player Assist” Service

Niji Narayan

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Casino.org Launches “Player Assist” Service
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Casino review site Casino.org has launched its exclusive “Player Assist” service, bringing a new level of support to its players. The casino review site’s new service allows its users to issue complaints about any of its partner sites in just four simple steps.

A site which puts honest, expert advice at the forefront of everything they do, Casino.org wanted to echo this sentiment further than just choosing a casino through their site. The Player Assist service has been launched to aid them in following through with their users if anything should go wrong past the referral stage.

The feature will run completely independent of the partners on the site, so that they can offer their services 100% free of charge.

Casino.org is one of the most popular guides to online casinos and gambling. Its team of experts provides players with a wealth of information to help them guarantee safe play online and win more.

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