Growth of Online Casino Industry projected
Casino News - 08th Aug 2010
A key provider of intelligence for the online gaming industry, iGaming Business has announced the release of a report that looks into the growth of the online casino industry.
The report by Global Business of Online Casinos looks at the rapid growth of the online casino industry by 2014. The report demonstrates that by the end of 2010, the gross gaming yield of the online casino industry will be worth $4.7 billion globally. By the end of 2012, it will have risen to $5.8 billion and by the end of 2014 it is projected to have risen to $7.1 billion. This represents nearly a 79% increase since 2009.
The Global Business of Online Casinos tracks the recent trends and strategies of successful online casinos. It also provides comprehensive histories of the online gaming industry, as well as statistics on expanding operations and start-ups.
Rachel Church-Sanders, author of the Global Business of Online Casinos stated: "Each online casino operator is looking to participate in a sector becoming more socially acceptable, benefiting from a liberalized regulatory structure in some markets, and enjoying very substantial growth across many key demographics including those that have been hard to reach through other types of gaming or betting, such as women."
She continued, "Add to that the growth in social networking, mobile apps and micro-transactions and times that by the growing number of people globally with broadband connections and wireless access, the future certainly looks rosy for online casinos."
The future for online casinos seems to mean a wider variety of games with improved technology. While the industry is growing, the success of individual online casino operators will depend on their ability to attract customers.
