Casinos over the years have been changing and upgrading to include different games and facilities. The concept of casino implies games of chance and skill played at tables and machines. Casino gaming industry over the years has been a source of entertainment for people in several countries. Casino gaming as part of the commercial gambling market, continues to grow in popularity driven by the development of new destinations and rising fame of online casino platforms. The global casino market is anticipated to register a compound annual growth rate (CAGR) of 8.5% over the forecast period (2021 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
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Online casinos have experienced striking demand since the Covid-19 pandemic. The use of internet and smartphones have significantly contributed towards the growth of online casino market, managing to reach more people than ever before. Online casino companies are offering F2P (free to play) types of game products, usually referred to as freemium to increase their user base and have more active players on their platforms, who would eventually make a purchase. Additionally, companies are looking forward to gradually investing into artificial intelligence (AI) for improving the overall experience of customers with multiple solutions throughout the service. With the help of AI, personalization for each user is possible as the technology can evaluate the preference of the user in aspect of game selection and offer a customized page accordingly. Additionally, smartwatches are set to take over as a more convenient and accessible option in online casino gaming and casino game developers are looking forward to crafting new games that can be easily integrated into such devices. Most modern-day casino players have become engrossed with mobile gaming due to its availability from any given location, which has led to rise in number of online poker and virtual platforms, casino online gaming options, and online slots.
Due to the COVID-19 outbreak, land-based casino were forced to cease their operations on an immediate basis, which led many casino players to turn towards the digital space, which triggered a boom in the online casino market. This led many online casino platforms to push for rapid growth. Many players have expanded their online casino offerings and bingo operators have moved their offerings online, which has positively impacted the market. The global casino market participants are entering into strategic partnerships with third party developers to handle the sudden surge in demand for online casino platforms, therby enabling them to provide consumers with a better online casino-playing experience. According to a study there has been a massive increase of 43% in the number of daily poker players and a 255% increase in first-time poker players during the period, compared to an average day before the lockdown, which up surged the online casino market.
Some of the players operating in the casino market are 77BET, Co-Gaming Limited (ComeOn!), Enjoy11, Europa Casino, Flutter Entertainment plc, Genesis Global Limited (Genesis Casino), gw.casino, Mega Casino, MYSTINO, NetBet Enterprises Ltd. (NetBet), ONISAC Ltd (Casino.com), THE RANK GROUP PLC, Unibet, Wildz, Mohegan Sun, Inc., and Caesars Entertainment amongst other industry participants.
Global Casino Market:
- Land-based Casino
- Online Casino
By Game Type
- Slot Games
- Video Poker
- North America
- Asia Pacific
- Middle East & Africa
- Latin America