Reason why you must invest in an online casino today!
September 5, 2017 (Investorideas.com Newswire) Well, who doesn't like to take a spin on winning reels! If not every day, at least every once in a while! The online casino industry has been doing pretty well over the past one decade and having touched the USD $ 35.97 billion figure in the year 2015, it's only going to grow in the coming times. If you're an investor who is still undecided about putting in your money into such venture, let's give you four important reasons to go ahead and take the plunge!
Online gambling's total market value will only increase in the coming years
The online casino and gambling market has been delivering solid numbers consistently over the years, displaying steady growth. The average CAGR of the market from year 2009 till 2013 stood at an impressive 9.4%, and is expected to touch 10.8% (with market value reaching USD $ 66.59 billion) by 2020. Why won't you to like be a part of such growth?!
The growth rates seem very promising and what's so appealing about this industry is that it's an effective combination of high growth rates and a healthy appetite of consumers willing to try out new brands. Normally, the market share moves swiftly towards the provider leading the innovation game. Hence, although marketing money plays its part, it's only one of the major drivers.
Large funds are readily available for allocation
Considering its returns, almost everyone with money is willing to invest into online gambling these days. It's evident from the kind of funds that are readily available for allocation at all times. If we look at the figures over the past one decade, PE funds focused on US gaming market garnered a total of £ 18.9 billion; while the UK and Europe focused funds gathered £ 11.6 billion and £ 13.8 billion respectively. It suggests that huge funds are already being invested into the online gambling market; you must ensure that you don't fall behind.
More and more markets are being regulated
The attitude of governments world over is changing rapidly when it comes to online gambling and casinos. Many states world-over have either introduced gambling regulations or are already in the process of doing so. With more and more states becoming gambling friendly, especially in Europe, it opens up a huge window of opportunity for operators all over the world. However, it's important that you enter the market at the right time, before it gets too late!
Present and future technologies favour iGaming
More and more adults will have grown up with smart devices and computers in the future. It's going to increasingly impact their propensity of using technologies for online gambling purposes. With high-end tablets and smartphones becoming the norm today, iGaming is expected to work as a key component in all these devices. Although people don't normally use these gadgets solely for gaming purposes, it is a fact that mobile games are by far the most downloaded applications in app stores of all major platforms.
The solid performance of the iGaming industry over the past one decade is a reason good enough for anyone with money to start their online gambling project at the earliest!
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James - Manager
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