Online casino is commonly known as virtual casino. Online casino is an advance version of traditional casino. These casino includes games such as baccarat, poker, bingo, slot machines, keno, blackjack, and roulette. As compared to offline casinos, online casinos offer higher payback percentage and better odds of winning to its players. Online casinos offer various gifts and bonuses which include welcome bonuses, cashback or insurance bonuses, non-cashable bonuses, referral bonuses, compensatory points, and no deposit bonuses. These offers help vendors increase the number of visitors and players to their website. These advantages are expected to propel the global online casino market. There are various regulatory bodies present across the region who permit the legality, and licensing or authorization to online casino vendors. Some policies or Acts include Interactive Gambling Act 2001, The Belgian Gaming Act, Online Casino Legislative 2012, the Gambling Act of 2014, The Unlawful Internet Gambling Enforcement Act of 2006 and others. The above mentioned acts might hinder the growth of the online casino market.
There are various factors present in the market which plays
an important role in driving the global Online casino market such as increasing
number of participants across the world, rising standard of living, increasing
spending capability of customer, growing urbanization and commercialization are
projected to boost the global online casino market. The major factor which is
driving the online casino market is the high adoption rate of mobile phone
across the region. Furthermore, rapid growth in technology and change in
consumer’s offline casino preference are expected to drive the online casino
market. Rising number of internet users is creating huge opportunities for the
online casino market globally. However, security and authentication related
issues is likely to restrain the online casino market and affecting the growth
of the market.
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The online casino market has been segmented based on type,
device, end-user, and geography. In terms of device, the online casino market
has been divided into smartphones, laptop, tablet, PC (Personal Computer), and
desktop. Based on end-user, the market has been bifurcated into men and women.
Based on type, the online casino market has been classified into download-based
online casinos, live dealer casino games, web-based online casinos, and virtual
casino games. In terms of geography, the global online casino market has been
categorized into Europe, Asia Pacific, Middle East & Africa, North America,
and South America. Europe holds a major share of the market. Governments are
implementing favorable rules and regulations for online casino in countries
such as the U.K, Germany, and Italy. This is expected to propel the market in
the Europe during the forecast period. The market in North America, followed by
Asia Pacific, is anticipated to expand at a healthy growth rate during the
forecast period.
Key players operating in the global online casino market
includes 888 Holdings (Gibraltar), Bet-at-home.com, Ladbrokes (U.K), Bwin.Party
(Gibraltar), Betfair Online Casino (U.K), Draft Kings (United States), GVC
Holdings ( Douglas), MGM Resorts (Las Vegas), Unibet Group (G?ira),
NetEnt (Sweden), Paddy Powe ( London), The Stars Group (Canada), William
Hill.( United Kingdom), Microgaming (Douglas), Camelot Group (United Kingdom),
Rank Group (United Kingdom), Playtech ( Douglas), Gala Coral, Amaya (England),
Fan Duel (United States), International Game Technology (England), and Realtime
Gaming (Georgia). In the current market scenario, competition among
these market players is very high. In order to gain a competitive advantage in
the industry, the companies are focused toward technology adoptions and
development of their offering. These strategies are expected to help them to
get an edge over their competition during the forecasted period.
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The following
regional segments are covered comprehensively:
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America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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