Dublin, Nov. 25, 2020 (GLOBE NEWSWIRE) -- The 'Analyzing the Global Casinos & Gambling Industry 2020' report has been added to ResearchAndMarkets.com's offering.
The online gambling industry has grown beyond the limits of our imagination, thanks to the internet and advancement in technology. Europe’s online gaming has particularly undergone exponential growth with many countries emerging as important online-gambling markets, including the UK, Germany, Italy, Switzerland, among others. Looking at new casinos the trend points upwards as well. A recent research report on Online Casino Industry Market is a detailed assessment of the most important market dynamics. This report presents a complete overview, market shares, and growth opportunities of Online Casino Industry Market, by product type, application, key manufacturers and key regions and countries.
Online Gambling Industry Growth Rate
The global gambling industry has been severely affected by the COVID-19 pandemic. In the United States, the biggest gambling market globally, many states had to order temporary closure of the land casinos. Other countries also ordered the closure of the casinos to avoid the spread of the virus. The closure of the casinos and sportsbooks is going to have a massive impact on the industry. However, online gambling players like BetWinner have been offering their services and enjoying good fortunes even during this global health crisis. In fact, many online gambling sites have reported enjoying greater rates of engagement than ever before.
While online gambling always played an essential role in the global gambling industry, it is now expected that online gambling growth will be significantly greater than the land casino sector.
Gambling shares on the global stock markets have also witnessed a sharp decline. Due to this, several gambling companies like William Hill, VGC Holding, and The Stars Group have issued statements regarding the potential effect of the pandemic on their gambling/casino operations.
While the last decade has witnessed the shifting of the casinos and gaming center from Las Vegas and Atlantic City to Macau in China, there is no doubt that the gambling industry has taken a significant hit during the pandemic and it is likely to impact the performance of this industry in the coming decade.
Starting with an industry overview, the report analyzes the growth of the global casinos and gambling industry through an industry value analysis, a look at industry segmentation follows through categories and regions and a regulatory framework analysis. The impact of the COVID-19 pandemic on the global casinos and gambling industry is also looked at.
A Porter's Five Forces Strategy Analysis of the global casinos and gambling industry is included in the report. The Porter's analysis of the industry analyzes the industry through the bargaining power of buyers and suppliers, the competitive rivalry in the industry, threat of new entrants to the industry and the threat of substitutes to the industry.
An analysis of the major regions of the global casinos and gambling industry is carried out on the casinos and gambling industries in Asia Pacific, Europe, North America and South America. The markets in these regions are analyzed through industry statistics, industry growth analysis by value, industry segmentation and an industry forecast. Industry data is analyzed for the years 2014 to 2023.
Moving on to the analysis of the global online gambling industry, the industry is analyzed through an industry overview, industry growth analysis through value, industry revenue growth, industry segmentation, an analysis of the major products and services of the industry and an analysis of the major online gambling markets.
The major markets analyzed include Europe, France, United Kingdom and North America. The publisher also analyzes trends in the global online gambling industry, market share analysis, industry competition and a forecast for the industry till 2023.
A Porter's Five Forces Strategy Analysis of the Global Online Gambling Industry follows next. The analysis looks at the bargaining power of buyers and suppliers in the global online gambling industry, competitive rivalry in the industry and the threat of new entrants and substitutes to the industry.
An analysis of the factors impacting the global casinos and gambling industry looks at the impact of mergers and acquisitions on the industry, the impact of regulations, factors driving market demand, international trade and impact, industry costs, increasing globalization in the industry and the high barriers to industry entry.
A section is also dedicated to the growing market of online/mobile gambling versus traditional forms of gambling. A forecast of the global casinos and gambling industry till 2023 is included. The report also includes a coverage of the 10 biggest casinos in the world such as The Venetian Macao, the City of Dreams Casino, Casino Lisboa, and others.
Key Topics Covered:
A. Executive Summary
B. Industry Definition
C. Global Casinos & Gambling Industry
D. Global Casinos & Gambling Industry: Porter's Five Forces Strategy Analysis
E. Global Casinos & Gambling Industry: Analysis of Major Regions
F. Global Online Gambling Industry
G. Global Online Gambling Industry: Porter's Five Forces Strategy Analysis
H. Factors Impacting the Industry
I. Online/Mobile Gambling versus Traditional Gambling
J. Global Casinos & Gambling Industry: Analysis of Major Markets
K. Global Casinos & Gambling Industry: Future Perspective
L. Major Industry Players
M. Analysis of the 10 Biggest Casinos in the World
N. Glossary of Terms
Companies Mentioned
- ALH Group Pty Ltd
- Aristocrat Leisure Limited
- Caesars Entertainment Corporation
- Caixa Economica Federal
- Camelot Group
- China LotSynergy Holdings Limited
- CIRSA Gaming Corporation SA
- Codere S.A.
- Crown Resorts Limited
- Florida State Lottery
- Flutter Entertainment Plc
- Gala Coral Group Limited
- Galaxy Entertainment Group Limited
- Gamehost Inc.
- Great Canadian Gaming Corporation
- Groupe FDJ
- Groupe Lucien Barriere SAS
- Groupe Partouche SA
- GVC Holdings Plc
- Kindred Group
- Ladbrokes Coral Group Plc
- Las Vegas Sands Corporation
- Loteria Nacional Sociedad del Estado
- Maruhan Corporation
- MGM Resorts International
- mybet Holding SE
- New York State Lottery
- Novamedia Holding B.V.
- ODS Oddset Deutschland Sportwetten GmbH
- Olympic Entertainment Group AS
- Ontario Lottery and Gaming Corporation
- Pari Mutuel Urbain (PMU)
- Rank Group Plc
- Ritzio International
- Saarland-Spielbank Gmbh
- SJM Holdings Limited
- Tatts Group Limited/ Tabcorp Holdings Limited
- Totalizator Sportowy Sp. z o.o.
- William Hill Plc
For more information about this report visit https://www.researchandmarkets.com/r/lbmcic
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Online Casino Industry Growth Companies
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For the last 30 years, the iGaming industry has experienced rapid and unstoppable growth. The internet advancement with the arrival of the 5G network, the rapid evolution of mobile devices which have made games accessible anytime anywhere, the new development in payment technologies like cryptocurrencies and blockchain which have made gambling online much easier and safer thanks to more hard law regarding personal data, have been main steps forward. Additionally, virtual reality gaming has made online slots even more engaging and enjoyable. These are all the key factors that have affected the online gaming industry and led to the development of online casinos. According to iGaming experts, the growth rate will likely continue in the future. Factors behind the development are described in the following paragraphs.
Internet speed has become faster and more effective today. With the introduction of the 5G network, the growth of the online casino industry tends to go upwards. The network connects everyone and everything together virtually, including objects, devices and people. Thanks to 5G, gaming devices are able to send large data packets securely which contributes to a super-quality game environment. One such online casino which delivers a high-quality game environment is Platin Casino Ireland.
2.Role of Cryptocurrency and Blockchain
Secured by cryptography, cryptocurrency is a digital currency that uses a peer-to-peer network to guarantee users’ privacy. Most of the cryptocurrencies are based on blockchain technology to make transactions safer, faster and lower-cost without any third-party interference. Keeping these advantages in mind, most of the online casinos offer the option of digital currency payment, which has become one of the most popular payment options among online casino players and has significantly influenced the growth rate of online casinos.
Casino Industry News
3.Role of Smarter Devices
Nowadays, smart devices have replaced traditional desktops. Smartphones and tablets have become even smarter than before. When played on a smart device, games become more functional and appealing with special features and pro sound effects. Portable and flexible devices have made this possible for the online gaming industry to enjoy considerable growth. Portability means playing your favourite slots whenever and wherever you want. The ability to access high-graphics games anytime, anywhere has encouraged the modern generation to join online casinos significantly.
4.Virtual Reality Online Slots
Virtual Reality denotes a computer-generated simulation where the user can interrelate within an artificial 3D environment using certain electronic devices. By using a virtual reality headset and compatible VR gaming platform, players can experience a realistic, interactive online casino experience and involve other gamers in real-time. VR online slots stimulate players with spectacular special effects and visual-physical interaction with objects. The first VR slot appeared in 2017. Since then, many others have arrived to fuel the online casino industry.
The growth of online casinos is unbeatable and will continue into the future because the most significant factors are not expected to decline. Global internet connections are doubtlessly going to improve and people will keep using smart devices and gaming consoles, which will surely enhance the development of online gambling and gaming. Moreover, with VR game technologies, higher-quality graphics, and more computing power in future gaming devices, the probability of the online casino industry having a top market value is very high.