- In 2015 annual gross-gaming yield for the online bingo industry from UK customers along £128.64 million, or 3% of the entire online gambling market share. The Great iGaming Equation.
- The profound impact of technology is extremely visible and prominent in the Casino Industry. Two primary reasons contribute to the technical modification of the online gambling world. First is the accessibility of portable devices. These days, practically everyone in the world has either a smartphone or a laptop at hand.
- The gambling industry has graced tremendous growth, and its market share has exploded. The global market value is estimated to be over a billion dollars, and demand for online casinos is skyrocketing daily, with most gamblers opting to join the sector. Thanks to the advent of better technological developments, the gambling experience is changing every.
AI and casino gaming Highly advanced technology that is widely used in the online casino sector is artificial intelligence, AI. It can be presented in many different forms and not only in online casino games but also across the entire entertainment industry.
| [October 01, 2021] |
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., Oct. 1, 2021 /PRNewswire/ -- Legal online casino gambling continues to boom in the US. The three top online casino markets in the US have generated more than $1.5 billion in combined 2021 revenue through the first half of the year… but 2020 was pretty good too! In 2020 both New Jersey and Pennsylvania realized an online casino revenue surge after COVID-19 considerations shuttered land-based casinos across the country in March. Retail casinos in both states resumed business at limited capacity by summertime, but that didn't slow the mobile sports betting boom in either state. December marked periods of record-high monthly online casino revenues in both states. New Jersey nearly hit the $100 million monthly revenue mark in the final month of 2020, while Pennsylvania eclipsed the $70 million threshold for the first time. West Virginia also ended the year with the best month yet in the short history of the state's mobile casino industry. With Michigan and possibly other states launching online casinos next year, 2021 projects as an even bigger year than 2020 for the US legal online casino industry. Last year saw online casino operators generate record-setting revenue numbers. Those 2020 landmarks pale in comparison, however, to the 2021 figures for operator revenue and state tax collection., according to industry insider, bonus.com. Active gaming and tech companies in the markets today include: Esports Technologies (NASDAQ: EBET), Bally's Corporation (NYSE: BALY), Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV), Genius Sports Limited (NYSE: GENI), Rush Street Interactive, Inc. (NYSE: RSI).
Bonus.com said: 'The newest state to join the legal online casino industry, Michigan, debuted online casinos in January 2021. The Great Lakes State went over the $435 million mark in annual revenue at the end of June. As of June 2021, five US states offer legal online casino gaming. New Jersey, Pennsylvania, Michigan, West Virginia and Delaware stand at the forefront of the US mobile casino industry, and the success of those markets could prompt other states to launch online casinos in the future. New Jersey set a new US record for monthly iGaming revenue in July. Online casinos in the Garden State generated $118,638,577 in operator revenue for the month. Pennsylvania ($88,681,607 in July revenue) stayed right around the $88 million revenue mark for the second straight month, keeping its place as the nation's second-largest legal online casino market. After a revenue dropoff in June, Michigan's iGaming platforms rebounded to generate more than $83 million in revenue in July. Michigan's top-earning mobile casinos apps include BetMGM, FanDuel Casino and DraftKings Casino so far.'
Esports Technologies (NASDAQ: EBET) – BREAKING NEWS - Esports Technologies Announces Definitive Agreement for the Acquisition of Aspire Global's B2C Business that Recorded $1.8 Billion in Wagering and $73.9 Million in Revenue in the Previous 12 Months - Esports Technologies, a leading global provider of advanced esports wagering products and technology, announced today the execution of a definitive agreement for the acquisition of Aspire Global's (STO: ASPIRE) B2C business in a $75.9 million transaction, including $58.3 million in cash, $11.7 million in a promissory note and approximately $5.9 million worth of common stock. The closing of the acquisition is subject to Esports Technologies' receipt of financing, as well as other closing requirements. The transaction is expected to close by November 30, 2021.
Under the terms of the deal, Esports Technologies will acquire Aspire's portfolio of B2C proprietary online casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. Strategically, Esports Technologies intends to utilize the multiple-brand acquisition to cross-sell esports wagering opportunities to increase its esports revenue, player bet transactions, and customers.
In the most recent 12-month period ending June 2021, Aspire Global's B2C revenue was $73.9 million and its EBITDA was $8.2 million. During the same period, the B2C business recorded wagering of $1.8 billion/span> and over 1.3 billion bets.
Upon completion of the acquisition, Aspire and Esports Technologies will enter into an agreement where Aspire will provide four years of managed services for the acquired brands, ensuring operational continuity while allowing Esports Technologies to scale its operations in key markets.
Aaron Speach, CEO, Esports Technologies, said, 'The acquisition of Aspire's B2C business will give us an opportunity to accelerate growth by offering esports wagering to 1.25 million new deposited customers. Our company is in a strong position to benefit from the heightened popularity and growing interest in esports.'
Tsachi Maimon, CEO of Aspire Global, said: 'Esports Technologies is a strong company with high growth ambitions and is a perfect match for our B2C brands. With Aspire Global's B2C brands, Esports Technologies gains leading, well-established brands, an excellent base for further growth and a very talented team that contributed to the B2C's growth. We are confident that Esports Technologies will take our B2C brands to the next level, and we welcome Karamba and the other B2C brands as our new partners.' CONTINUED…READ THIS AND MORE NEWS FOR EBET BY VISITING:https://esportstechnologies.com/news/
In other entertainment and gaming recent news of interest:
Bally's Corporation (NYSE: BALY) recently announced that it has acquired Telescope Inc., the leading provider of real-time audience engagement solutions for live events, gamified second screen experiences and interactive livestreams.
Telescope's first-in-class products and services will amplify the Bally's Interactive, Bally Bet and Bally Sports brands, enabling viewers and players to have an integrated experience that allows them to engage on a multitude of platforms and channels, including online and offline. By delivering customized and interactive content, as well as deeply engaging social experiences, Telescope will connect with Bally'scustomers in innovative ways, providing opportunities for Bally's to attract a younger demographic and augment its loyal customer base.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) News: The Women's Football Alliance recently announced it has partnered with the NFL Alumni Academy, as part of its Diversity Development program, and Hall of Fame Resort & Entertainment Company, to provide WFA coaches and players interested in a coaching career, the highest level of in-person coaches training at their prestigious NFL Alumni Academy during the 2021 NFL football season.
A key component of programming for the Hall of Fame Resort & Entertainment Company, the NFL Alumni Academy is an unprecedented in-season training program developing 'NFL Ready' players. The Academy trains and prepares on the campus of Hall of Fame Village powered by Johnson Controls in Canton, Ohio. The Academy will train the top free agent football players in preparation to sign an in-season contract with NFL teams looking to replace 500+ active roster players lost during each season due to injury. A core tenet of the Hall of Fame Resort & Entertainment Company is to support diversity and inclusion across all fronts, and the Academy and the extension of this initiative and partnership with the WFA is a direct reflection of that initiative in action.
Genius Sports Limited (NYSE: GENI), the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, has recently won a new official data and trading partnership with Golden Nugget Online Gaming, Inc. (GNOG).
Genius Sports established the global market for official data, which is sanctioned directly by the relevant sport's governing body. GNOG will be provided with Genius Sports' award-winning LiveData and LiveTrading solutions, delivering official data feeds and pin-point pricing across thousands of sporting events per year.
Included in this partnership is Genius Sports' leading portfolio of exclusive, official data rights, comprising the English Premier League, NASCAR, Liga MX, Argentine and Colombian soccer, Euroleague Basketball and NFL.
Casino Industry Statistics
Rush Street Interactive, Inc. (NYSE: RSI) - As part of Responsible Gaming Education Week, Rush Street Interactive a leading online casino and sports betting company in the United States, recently became the newest partner of the American Gaming Association's (AGA) Have A Game Plan. Bet ResponsiblyTMpublic service campaign.
The Have A Game Plan campaign focuses on educating sports fans about the core principles of responsible sports betting: setting a budget and sticking to it, keeping betting social, knowing the odds, and playing with trusted, regulated operators. Through its commitment to the campaign, RSI will integrate Have A Game Plan content into its consumer marketing, employee training, and overall responsible gaming strategy.
'Responsible gaming is at the core of our business and joining AGA's Have A Game Plan campaign is an important extension of these efforts,' said Tammi Barlow, RSI director of corporate social responsibility. 'It is crucial that our industry prioritizes the protection of those who are vulnerable to gambling problems and others affected by their behavior. Through this partnership with AGA, we will continue to provide our players with new, user-friendly tools and resources to wager responsibly, while ensuring our employees are positioned to provide the best possible customer service and care.'
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. Except as set forth below, FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated two thousand five hundred and ninety-five dollars by Esports Technologies Inc. for news coverage of the current press releases issued by Esports Technologies Inc. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
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Online casinos continue to evolve in fascinating ways, as technology advances and new trends emerge.
In recent years, we’ve seen mobile casinos gain more and more traction as customers choose to play casino games on their smartphones and tablets rather than their computers.
We’ve seen live dealers become increasingly prevalent as brands aim to bring the social aspects of brick-and-mortar casinos into players’ homes via cutting-edge video streaming software.
But what industry trends can we expect to see in 2021?
Page Contents
Virtual Reality will Become More Popular
Once upon a time, virtual reality (VR) was the stuff of sci-fi fantasies. We’d all watch The Matrix, The Lawnmower Man, and other VR-heavy movies wondering when we’d have a chance to step into virtual worlds.
And now, finally, VR technology is available for games consoles, computers, and smartphones. You can don a sleek, futuristic headset, load a game, and become immersed in it like you always hoped to in a matter of moments.
Obviously, VR technology’s affordability and popularity make it a shoe-in for online gaming brands. A small number of gaming sites have already taken advantage of virtual reality to gain a competitive edge and deliver a more distinctive experience to players.
At present, though, you can play a modest selection of virtual-reality titles. These include Gonzo’s Quest VR, Jack and the Beanstalk VR, Starburst VR, and some other releases tailored to this cutting-edge gear.
But in 2021, VR will become less of a niche market and more of a common fixture at iGaming sites.
This will extend beyond video slots and into live dealer games, placing you into a virtual environment rather than simply presenting it to you on a 2D screen. That will increase the social atmosphere of certain games and maximize the level of immersion developers can achieve.
Casinos will Place a Stronger Emphasis on Live Dealers
Live games feature on many gaming websites in 2020, but that looks to become even more popular in the coming year.
Whether combined with VR technology or played on a standard device, live titles offer a more sociable, realistic gaming experience than simply playing solo. This is particularly appealing with the pandemic leaving so many of us reliant on online video technology for human interaction!
Brands will start to implement extra live dealer releases into their virtual casinos, either operating from a real brick-and-mortar casino or a studio designed to resemble one. Most players would agree that the dealers’ location doesn’t actually matter — as long as a studio space looks authentic and captures the atmosphere of a genuine venue, they’ll be happy to play.
In short: software developers (NetEnt, Evolution Gaming, etc.) will continue to invest substantial funds into high-end live dealer casino releases in 2021, and iGaming sites will pay well to include them in their portfolios. Click here if want to find a complete list of live casino sites that are available in 2021.
More iGaming on Smartwatches
Smartwatches are now affordable and easy to find at retailers the world over, just like VR headsets. They seemed beyond belief at one point, but now they’re easy to take for granted.
But for online casinos, smartwatches offer an exciting new way to reach existing and new customers alike. Some sites (e.g. Mansion Casino) already provide smartwatch compatibility, but they’re in the minority.
However, many other brands will start to target smartwatch users in 2021, and enable customers to switch from one platform to another seamlessly. Players should have the flexibility to access their account on their watch, their phone, their tablet, etc. without disruption.
According to Mena Casino, it’s paramount that “casinos provide smartwatch users with a well-designed interface that allows for hassle-free, intuitive gaming.”
They emphasized that “customers don’t want to sacrifice quality of experience to enjoy gaming on the latest devices — they expect to have both”.
Cryptocurrencies will Be Accepted at More Online Casinos
Cryptocurrency users have been limited to a fairly small selection of crypto-friendly gaming sites in the past few years. But as Bitcoin, Litecoin, Ethereum, and other digital currencies become more mainstream, we can expect to see more online casinos accept them.
This is a fantastic development for gamers who rely on cryptocurrencies exclusively when playing slots, table games, etc. online. They’ll have a wider variety of casinos and experiences to play, at their convenience, instead of essentially settling for sites that fail to cater to their preferences in other areas.
The most attractive qualities of cryptocurrencies’ are the lack of centralization, increased privacy, and processing speed. The more iGaming brands that realize this in the coming year, the more choice crypto users will enjoy.
And let’s not forget: online casinos who accommodate numerous cryptocurrencies will have more opportunities to diversify their customer base and appeal to new demographics. As with VR implementation, casinos embracing cryptocurrencies will gain an edge in an incredibly competitive industry.
Wider Availability of eSports Betting
Video games have come a long way since the days of Super Mario Bros. and Sonic the Hedgehog (though those classics are still as awesome as ever).
Now, people don’t just play alone or with a couple of friends for their own amusement — millions of viewers will tune in to watch teams compete with each other on various games. Overwatch, Counter Strike, League of Legends, and Dota 2 are just some of the major titles played in leagues.
Yes, eSports betting is available at some online casinos, but it’s likely to become much more prolific in 2021.
Even some sites that don’t offer a sportsbook alongside their slots, live games, etc. will start to incorporate eSports betting into their portfolios.
This makes life easier for fans who want to wager on their favorite teams while taking a spin on, say, Starburst or playing a few hands of Blackjack. They may not need to create and maintain accounts at multiple casinos any longer — making their gaming experiences more convenient than ever.
Online Casino Industry In India
These trends indicate real, ongoing transformation in the online casino industry as brands leverage the latest technologies to maximize immersion, convenience, and user experience. Companies will continue to explore exciting new opportunities to compete, delivering gaming options that drive their audience numbers higher and higher.
A focus on social
With the reduction of land-based casino gaming, we will see more social activity between players.
Bingo is a game that already utilizes this feature and we could see the social aspect move to other
games like casino slot tournaments. Texas holdem are also expected to grow bigger in 2021 after
been in decline for many years. Casino has for a long time had problems to connect people around
playing but with the recent development in slot tournaments and live casino it is now easier to play
together. Players want to feel like they are enjoying the experience with others. In Covid-19 times
the implementation of more social features will make a more attractive proposition for players. We
expect that this trend will keep being strong even after the pandemic. People want to interact in a
social environment, both offline and online.
Many new casino sites have many new and innovative ways of letting people connect while playing
online. Most of the new online casinos have live casino, slot tournaments, bingo and different kinds
of poker games. All in where you can be social with the players that are playing simultaneously. At
CasinoViking UK you can find some of the best new casinos that are available in 2021. We always
prefer to play on the latest casinos to get innovative new features.
And one thing is abundantly clear: 2021 should be a very good time to be an iGaming fan.