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Big Growth for Social Gambling

Saturday March 16,2013 : GOOD GROWTH PREDICTED FOR SOCIAL GAMING
 
15.96 percent CAGR by 2016 says research firm
 
A new study of the social gaming phenomenon conducted by Dallas-based Reportsnreports predicts that the market will grow at 15.96 percent compound annual growth rate (CAGR) during the period 2012 - 2016.
 
The research report “Advanced Analytics in the Social Gaming Industry 2012” flags the considerable potential for growth in the sector, noting that there are a number of drivers, chief among which is the need for strong consumer relationships delivered by the growing number of companies occupying different aspects of the business space, and the availability of advanced analytical technology to aid marketers.
 
Challenges facing operators are high implementation costs, and the study shows that consolidation in the sector is likely - larger and better funded companies taking over less well developed "niche" vendors.
 
The high growth rate means that investors are showing a growing interest in social gaming companies, and this is likely to develop further in the near future, the research company predicts.
 
The global report covers the covers the 'gamification' market landscape and its growth prospects in the coming years, along with a discussion of the key vendors operating in the market.
 
Reportsnreports expects gamification (the use of game thinking and game mechanics in order to engage users) growth to reach $3.6 billion by 2017. It is also estimated that by 2017, 80 percent of Global 2000 organisations will have gamified applications and processes.

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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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