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Chinese mobile gaming market booming

CHINESE MOBILE GAMING MARKET IS BOOMING
 
New Research and Markets study released.
 
The business research company Research and Markets has released its study of the Chinese mobile gaming market, revealing the following highlights:
 
* China's mobile games market revenue was $750 million in 2012, and is predicted to grow to $1.2 billion in 2013, representing a CAGR (compound annual growth rate) of 46 percent from 2012 - 2017. 
 
* A surge in popularity of games on smartphones in late 2012 resulted in a sharp decline of usage of casual and social online games on the PC platform, as gamers shifted to gaming on mobile devices. 
 
* Around 500 million smartphones are expected to be active in China by the end of 2013, up from 100 million in early 2012. These smartphones are taking advantage of the fast migration of users to 3G and faster networks, which is creating a ripe environment for increasingly engaging games. 
 
* Western developers must understand and adjust their games for Chinese gamers and the complex distribution environment prior to attempting to launch a game in China. 
 
* The most popular category of mobile games is casual/trivia, but more intense games such as role-playing and strategy games will gain importance over time on the mobile platform. 
 
* There are more than 80,000 development studios in China working on mobile games, releasing 100+ games per day with companies finding it increasingly difficult to stand out in the crowded market. However, this is a very dynamic market with rapid consolidation expected.
 
The study  'China's Mobile Game Market Report 2013' includes detailed data on the mobile games market size and forecast, installed mobile handset details, popular Chinese mobile games titles, mobile gamer behavioural data from quarterly surveys of more than 4,000 gamers, and data analysed on 370 million smartphones.  
 
For more information click on: 
http://www.researchandmarkets.com/publication/ivpilt/chinas_mobile_game_market_report_2013

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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