New York, United States, August 17, 2021 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), “Global Casino Market Insights by Type and Region – Forecast to 2027”The market size is expected to reach USD 480 million with a CAGR of 7% by 2026.
Scope of the casino market:
A casino, in simple terms, is a room or building where people play games of chance like slots, roulette, poker, lottery, craps, and blackjack, among others.
The major key players in the indoor casino market are:
- Addison Global Limited (UK)
- Creatiosoft (India)
- Chetu, Inc. (US)
- Evolution Gaming (Latvia)
- Microgaming (Isle of Man)
- NetEnt AB (Sweden)
- Kindred Group PLC (UK)
- Betsson AB (Sweden)
- Betsoft (Malta)
- Playson (Malta)
- Launch the Pvt solution. Ltd (India)
- Ladbrokes (United Kingdom)
- Science games (United States)
- The 888 Group (Europort)
- Paddy Power Betfair PLC (Ireland)
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Attractive features that drive market growth
According to the MRFR report, there are many factors propelling the growth of the global casino market. Some of them involve increasing gaming licenses, increasing tourism it offers to national economies, increasing investments in developed economies, increasing the affluent lifestyle of customers, a strong internet penetration, increasing use of cell phones to play online games in public places and at home, easy access to online gambling, cultural approval and legalization, support celebrity and corporate sponsorships, and the increasing accessibility of profitable mobile applications. Additional factors adding to the growth of the market include changing lifestyle, demand for leisure, increasing tourism, increasing standard of living, increasing spending capacity of customers, marketing and marketing. increasing urbanization, rapid growth of technology, changing consumer preferences for offline casino, blockchain based online casinos. , and games based on virtual reality.
On the contrary, cyberattacks during online gaming, issues related to security and authentication, and legal hurdles are factors which may limit the growth of the global casino market during the forecast period.
Browse the in-depth market research report (80 pages) on the Casinos Market:
Market segmentation covered by research:
The MRFR report highlights an inclusive analysis of the global casino market based on type.
By type, the global casino market is segmented into slots, roulette, poker, lottery, craps, and blackjack. Among these, the lottery segment will occupy the largest share of the market during the forecast period, as more and more people will buy lottery tickets online and offline. In casinos, the integration of video lottery terminals increases customer engagement and generates revenue which, in turn, contributes to segmental growth.
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APAC will have a Lions share in the casino market
Geographically, the global casino market is divided into Europe, Asia Pacific (APAC), Middle East & Africa (MEA), North America, and Rest of the World (RoW). Of these, the APAC region will hold the lion’s share of the market during the forecast period. The investments of overseas gaming companies, the great appetite of online gamers, the approval of licenses in some states, the great potential in China and India, the demand for blockchain-based online casinos and the popularity Bets on cricket add to the growth of the global casino market during the forecast period. Additional factors contributing to the growth of the market include increasing use of internet services, relaxation of online casino regulations, high economic growth, and increased spending on leisure activities.
North America to experience healthy growth in the casino market
In North America, the global casino market is expected to witness healthy growth during the forecast period. The approval of online gambling, the legalization of sports betting, the increase in female customers, the convenience of cashless payment methods, the promotion of legal betting in the United States and the growing use of crypto -currencies are contributing to the growth of the global casino market in the region.
Europe will experience notable growth in the casino market
The global Europe casino market is expected to witness notable growth during the forecast period. The legalization of casinos in Italy, Malta, Spain, Germany and France, the growing popularity of online casinos, the availability of high speed internet and the increasing use of smartphones are contributing to the growth of the global casino market. In the region.
In RoW, the global casino market is expected to witness solid growth during the forecast period.
Impact of COVID-19 on the Global Casino Market
The deadly COVID-19 epidemic has crippled all operations and activities in casinos. They were opened after the implementation of the use of disinfectants and masks and social distancing measures to curb the spread of the virus. Points of social distancing between slot machines and non-invasive testing at entry points are likely to drive customers and keep customers safe as well. On the contrary, the crisis has restricted construction and renovation projects, with the largest casinos halting their projects.
Entertainment options are limited but are offered at many selected venues. California’s Fantasy Spring Resort features music on Sundays by Latin artists during the outbreak. The catering services provided in these places, with food being served at customers’ tables and buffets being discarded. However, the impact of card rooms can impact the profit margins of casinos during this period.
The pandemic, on the other hand, has a favorable impact on the online casino market. To curb the spread of the virus, countries around the world have imposed strict restrictions and encouraged social distancing. Strict restrictions on the movement of people have had a notable impact on the operations of land-based casinos. As a result, most of the players have turned to online casinos due to the foreclosure of land based gambling.
Esports Technologies has partnered with Spinomenal, one of the leading providers of casino games. The deal with the game provider will allow Esports Technologies to offer casino games with the ability to earn real money on Gogawi.com, its international direct-to-consumer platform. The expanded offerings will allow sports bettors as well as esports to place bets on both casino games as well as major esports matches and tournaments on any device, on the go or at home.
About Market Research Future:
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