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CHINA'S GAMING MARKET CONTINUES TO GROW

03/26/2012 :  CHINA'S GAMING MARKET CONTINUES TO GROW
 
Latest statistics on internet gaming in the wider sense give an indication of the immense potential of China
 
New research statistics on internet gaming in China in its widest sense (as opposed to online gambling per se) give an indication of the massive size and potential of this populous and economically active Asian nation.
 
Researchers report that the overall online gaming market in the country is up 20.7 percent in revenues year-on-year and is set to pass US$ 8.84 billion this year, soaring to US$ 13 billion by 2014.
 
The wider availability of the internet, allied to better bandwidth and speed technologies is driving the growth, with China now the world’s largest internet user base, representing 23 percent of the global online population with broadband penetration set to grow at a compound annual growth rate (CAGR) of around 21 percent.
 
The market currently comprises five types of online games, including massively multiplayer online games, first-person shooter, racing/simulation, adult/gambling games and puzzle/strategy offerings.
 
Emerging trends focus on research and development, especially in online 3D games, and the indications are that Chinese developers have ambitions for overseas expansion, investing heavily in R&D, upgrading existing 3D games, and releasing new products.
 
Those international ambitions are showcased by the growth in game exports, which last year soared 82 percent.
 
Chinese technology companies are well aware of the potential of the mobile sector, research suggests, reporting revenues up 86.8 percent to 1.7 billion yuan in 2011 alone, according to The Online Gaming Market in China 2012, which predicts that intense interest in the mobile channel will continue through 2012 and in future years as the evolution of smartphones marches on.
 
According to the China Internet Networks Information Centre, this Asian giant now claims the world's largest internet population, which reached 485 million by at the end of June 2011, and is expected to exceed 600 million during 2012.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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