Over the past few years, the iGaming sector has grown a lot around the world. iGaming has proved to be a perfect fit for those looking for new entertainment options without wasting much time. Because of the huge demand for quality iGaming, the number of companies working in this sector has increased a lot recently.
Thanks to the leading iGaming companies, gamblers around the world are able to enjoy their favorite games, whether it be online slots, online poker, or anything else, gamblers can play their favorite games or make bets without having to leave their homes. Online casinos are always open, giving gamblers the ability to play whenever and wherever they want to.
The iGaming sector has become huge over the past few years. Back in 2017, the value of the online gambling industry was as much as $45.8 billion. According to some experts, by 2024, the number is expected to double.
There are many things affecting the further popularization of the iGaming sector, but one of the main ones is how easy it is to access them. Modern technology, especially smartphones, makes gambling easier than ever before. The majority of the leading iGaming companies make sure that the applications are well-optimized for mobile phones, making everything a lot easier.
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Due to the high growth levels that the iGaming industry is showing, these companies are becoming a very popular investment option for stock traders globally. Over the past few years, online gambling company stocks have become some of the fastest-growing stocks, which can be a great investment for traders.
Another very important factor that is a huge contributor to the further development and popularization of the industry is the Covid-19 pandemic. Due to the pandemic, many people around the world stayed in their homes. Without anything to do, these people had to turn to online gambling. In addition, many live events were canceled and the majority of them were instead held online, which further popularized the iGaming sector.
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Fastest growing iGaming companies
Among some of the biggest and fastest-growing iGaming companies around the world is UK-based, International Game Technology, IGT. This company does everything – starting from the lottery, to sports betting and even producing slot machines, it is actually one of the biggest players in the iGaming industry today.
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The company generated as much as $4,79 billion in revenue back in 2019. The company was founded back in 1990, and since then, it has become a leading company not only in the UK, but around the world as well, having offices and official representatives in Las Vegas, Rome, and many other parts of the world.
Another huge iGaming company is GVC Holdings, which is known for operating the biggest online betting sites. This company is based in Douglas, and it unites more than 10 sports and online gambling companies. Established in 2004, the company has come a long way and still remains to be among the fastest-growing iGaming companies.
Bet365 is another UK-based iGaming company that has grown a lot over the past few years. It offers gamblers mostly sports betting, but it also operates online casinos where you can play online poker and live casinos. The company is present in many parts of the world, including Malta. In 2019, the company reported a revenue of $3.9 billion.
One of the fastest-growing and truly a leader in the market is the Scientific Games Corporation, which is a USA-based company. While the iGaming industry is very much dominated by European companies, this iGaming company from the USA is truly one of the fastest-growing ones. Not only do they offer online slots, but Scientific Games Corporation also focuses on table games, lottery games, sports betting, social games, and many others. The company posted $3.4 billion in revenue in 2019.
All of these companies are very popular around the world and their growth is showing how much the iGaming industry has developed and changed over the past decades. But, this is not all, these companies are just a part of the huge industry that is developing and changing very fast. There are many other companies who are known as innovators, helping the whole market for further growth.
Future of iGaming industry
As modern technology continues to develop and advance, people around the world are talking about the possibilities that it could bring to the iGaming industry. As of today, the iGaming market has changed and transformed quite a lot.
It has become a lot easier for gamblers to start playing their favorite games without even having to leave their homes, but according to some, this is only the beginning. The ongoing Covid-19 pandemic has further popularized the iGaming industry.
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Because most of the live casinos were closed due to the restrictions around the world, many of the leading gambling competitions moved into the virtual world. This further helped the iGaming and online gambling industry to attract more people.
The creators of online gambling products are becoming more and more creative and they are making already very popular games even more exciting. Technological advancement is giving the market additional room for growth, which can be very important for the future of the iGaming industry.