New research on online casino games published by iGaming Business magazine predicts this sector will grow by 80% by 2015.
The report, titled The Global Business of Online Casinos, is one of the most comprehensive documents regarding the future of online gambling.
The remote gaming industry has experienced a strong boom. The sudden opening and liberalization of online games is linked to the global economic recession that has pushed the authorities of various countries to find new solutions to fill empty state coffers.
The report estimates that by the end of the year, the global online gambling industry will reach a turnover of 4.7 billion dollars. At the end of 2012, this figure will rise to 5.8 billion to reach 7.1 billion in 2015.
This report, in addition to highlighting the development trends of the market, traces the history of this industry and provides statistics on some companies operating in this market.
According to the research, the average cost of starting an online casino is around 1.5 million dollars, while the costs for launching a land-based casino start at 300 million dollars and up.
Furthermore, numerous non-gambling brands, such as media companies, find the online casino market increasingly attractive and profitable and attempt to expand their offering with this type of content.
The development of social networking sites, various applications, and smartphones are encouraging many operators to integrate new technologies into their marketing strategy to attract and retain customers.
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