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(I-SoftwareNews.Com, March 29, 2018 ) Market research analysts at Publisher predict that the gambling market in APAC will grow steadily at a CAGR of more than 7% by 2021. This market research analysis identifies the ease of government regulations as one of the primary growth factors for this market. Owing to factors such as the creation of employment opportunities, high revenue in the form of taxes, and the reduction in budgetary gaps, the governments in this region are legalized online gambling. Online gambling has enhanced the accessibility of the customers and the governments in various parts of APAC are legalizing portions of gambling due to its economic benefits.
Sports betting is extremely popular among the youngsters and the gambling population in countries where gambling is partially legalized. Steadily the base of betting is shifting from land-based betting to online sports betting, which consequently drives the growth in online sports betting. The online gambling market is successfully attracting growth than the brick-and-mortar gambling since it offers variety in games and various incentives other than the prize money. This will increase the popularity of online sports betting among the younger audience, which will be one of the key trends behind the growth of this market.
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Competitive landscape and key vendors
The market is highly competitive and fragmented due to the presence of several established vendors. The performance of vendors in this marketspace is affected by factors such as rapid advances in technology, intense competition, and frequent changes in consumer gambling patterns. Numerous casinos in this region are investing in upgrading their facilities or in acquiring new players to attract more customers and expand their market share.
The leading vendors in the market are -
888 Holdings
MGM Resorts
Sands China
SIM Holdings
The other prominent vendors in the market are Bet365 Group, Betfair Group, INTRALOT, Lotto 365, QQ Lottery, Sports Toto Malaysia, Taobao, and William Hill.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
Complete Report is Available at: http://www.reportsweb.com/gambling-market-in-apac-2017-2021
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