Gambling Market 2020 Global Insights and Business Scenario – International Games Technology Plc., Flutter Entertianment (Paddy Power Betfair Plc), Scientific Games Corporation, The Stars Group

The Gambling Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Report analyses the post-COVID-19 (Corona Virus) impact on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

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The 82 pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Gambling Market: International Games Technology Plc., Flutter Entertianment (Paddy Power Betfair Plc), Scientific Games Corporation, The Stars Group and others.

Industry News and Updates:

IGT Leads New Era in Cashless Gaming with Completion of Nevada Regulatory Approval

LONDON, Jan. 5, 2021 -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that the Company is leading a new era in cashless gaming by successfully completing the final stage of Nevada regulatory approval for its Resort Wallet™ carded cashless module, part of the award-winning IGT ADVANTAGE® casino management system. With this milestone, the module is approved for deployment throughout the State, enabling customers to give their casino patrons the option of a reduced-contact, safer, and effortless cashless slot gaming experience.

"Our Resort Wallet solution ensures that our customers can experience the increased liquidity, player convenience, and enhanced safety that only cashless gaming can deliver," said Ryan Reddy, IGT Vice President, VLT, Systems and Payments Products. "This solution will heighten the player experience to new levels while positioning our customers as technology leaders. We're grateful to the Nevada Gaming Control Board for enabling this momentous debut in the State."

Flutter Entertainment Hit £80 million as Sporting Fixtures Cancelled Due to Coronavirus

Mon 20 Apr 2020: One of the UK’s largest gambling operators, Flutter Entertainment, is set to lose £80 million following the cancellation of major sporting events due to coronavirus, including football and horse racing.

The spread of coronavirus has forced all elite sporting events to be postponed until further notice and this means no bets are being made. This decision was designed to reduce the further spread amongst elite athletes contracting the disease which very early on registered Arsenal manager Mikel Arteta and Chelsea’s Callum Hudson Odoi.

The result of very limited sports betting means that Flutter Entertainment, the umbrella company that owns Betfair and Paddy Power, are expecting losses of £80 million, which could rise to £110 million or more.

Flutter to migrate all betting brands to PPB platform

27th August 2020: Flutter Entertainment’s integration of The Stars Group business will see it migrate all sports betting brands to the solution powering its Paddy Power Betfair division, while it aims to significantly ramp up investment in PokerStars going forward.

Flutter Entertainment’s integration of The Stars Group business will see it migrate all sports betting brands to the solution powering its Paddy Power Betfair division, while it aims to significantly ramp up investment in PokerStars going forward.The combination with The Stars Group completed on 5 May, and saw the operator take change of a range of new brands, such as Sky Bet, Sky Vegas and PokerStars.

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Executive Summary

The gaming industry is a term interchangeably used for gambling industry. The term Gambling is more preferred by companies operating within the gambling market. As for them it sounds sort of more legal to be known as a Gambling company instead of a gambling company. Gambling is defined as any game or activity in which a particular player risks his/ her money in the expectation of winning more money.

The global gambling market can be segmented on the basis of product type and platform type. The market can be bifurcated into casinos, lotteries, gaming machines and betting on the basis of product type. On the basis of platform type, the market can be sub segmented into landbased and online categories.

The global gambling market is forecasted to showcase positive growth through the forecast period (2020-2024). The market growth is estimated to supported by various growth drivers such as increasing spending capability, legalization of gambling in countries such as US, rising penetration of smart devices, hike in internet penetration, and overall increase in global population especially within those lying in between the ages of 20-64 years.

The market is also confronted by some challenges such as the negative perceptions surrounding the gambling market and lack of internet connectivity in developing countries. Emergence of bitcoins, growing number of mergers and acquisitions (M&A), use of augmented reality to enhance gambling experience and cloud gaming are some of the major trends existing in the market.

The research study evaluates the overall size of the market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analyzing previous years’ data of these segments and sub-segments for getting an accurate and complete market size.

Following are major Table of Content of Gambling Industry:

Gambling Market Sales Overview.
GamblingMarket Sales Competition by Manufacturers.
Gambling Market Sales Analysis by Region.
Gambling Market Sales Analysis by Type.
Gambling Market Analysis by Application.
GamblingMarket -Manufacturers Analysis.

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If you have any questions about any of our “Gambling market report” or would like to schedule a personalized free demo of Gambling market report, please do not hesitate to contact me at irfan@marketinsightsreports.com

Browse Related Report:

Gambling & Betting Market:

Over the next five years the Gambling & Betting market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 358870 million by 2025.

https://www.marketinsightsreports.com/reports/01252566839/global-gambling-betting-market-growth-status-and-outlook-2021-2026?Mode=S12

Online Gambling Market:

https://www.marketinsightsreports.com/reports/02012580271/global-online-gambling-market-growth-status-and-outlook-2021-2026?Mode=S12

Esport Gambling Market:

https://www.marketinsightsreports.com/reports/12042482955/global-esport-gambling-market-growth-status-and-outlook-2020-2025?Mode=S12

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