Casino style games has highest spending and conversions of any genre
In the last few decades, the casino has grown into a multibillion-dollar industry. By the end of the year 2017, social casino sector alone is expected to generate $ 4.4 billion. Casino style games have the highest spending and conversions of any genre. So this is the category which provides lucrative opportunities for gaming operators who are finding ways increase their revenue.
Asia pacific continues to be the global leader in casino market
As the casino market continues to grow, Asia-Pacific is becoming the global leader. Macau being the crowning jewel of the region, even Singapore has also emerged as the casino hub. The market share of Asia pacific to the total global casino market has increased from 29.2% in 2010 to around 43% in the year 2015.Even Japan is finalizing its casino legislation and casino operators are eyeing on Japan as another lucrative destination for investment. Significant expansion opportunities in casino market are expected to rise in Brazil and India too and more casinos are opening up in Las Vegas and Atlantic City. Atlantic City is trying to reposition itself as the sports betting hub.
Gambling legislation are changing in countries worldwide
Casinos throughout the world are trying to integrate their business with the chain of luxury hotels to increase their customer base. Casino operators are placing slot machines at bars, restaurants to attract players. One of the biggest challenges in the online casino market is the gambling legislation which is different in various countries. Countries like the US and the Middle East allow online casino gaming and they do not ban gambling websites in their own countries as users can even access foreign websites with the proxy server and can play easily with an international credit or the debit card.
Nationally regulated and taxed gaming market in China and South Africa
With the advent of online gaming, regulatory bodies of various countries are tightening their own regulatory approach. Countries like China and South Africa are taking positive action on the establishment of the nationally regulated and taxed gaming market. In Thailand, online gambling is quite popular. Thai place their bets on legal and licensed websites. People prefer UK betting sites which impart play in betting options and high level of trust and reliability.
Social gaming is an attractive market to explore
Gaming sector is changing at a fast pace and there is an increased pressure on both regulators and competitors to drive the transformation of the industry. Companies are coming up with the gaming products that are optimized to provide the players with the social elements. Social gaming which was valued 2.5 billion dollars in 2015 is an attractive market for gaming operators to explore.
Casino market offers high prospects in future
Despite a great outlook in the places like Macau and Singapore, casino growth in countries like Australia, Malaysia has been adversely affected due to increase in the competition. Since the demand for casino games far outweighs the supply for the games available, future of casino industry seems solids in countries throughout the world in the coming times as well.
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