Global Online Bingo Gambling Market Overview:
Bingo Game is a game of numbers arrangement, where the players have to match their sequence of numbers similar to that of host, the person who is first to do so, wins the game by saying Bingo! Online Bingo Gambling started in late 1990ís in United Kingdom, from where it spread around the world. Online Bingo Gambling platforms generate random numbers, which are then used to play bingo game. Online Bingo is available base on mobile and computer platforms, as well as is available both in application forms and web based forms. The popular Online Bingo games are 75 ball and 50 ball. Online Bingo Games offers higher jackpot money with large online rooms, and seamless access to anyone connected to internet, this increases the number of participated players. Geographically, Europe and North America are the Largest Market of Online Bingo Gambling. Some of the players profiled in the study are Rank Group PLC (United Kingdom), WHG (International) Ltd. (United Kingdom), Stars Group Inc. (Canada), Entain plc (Isle of Man), Ladbrokes Coral (United Kingdom), Betway Group (Malta), The Stars Group (Canada), Gala coral group (United Kingdom) and TwinSpires (United States).
On the basis of geography, the market of Online Bingo Gambling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Game Type, the sub-segment i.e. 75 Ball will boost the Online Bingo Gambling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. Web Based will boost the Online Bingo Gambling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform , the sub-segment i.e. Mobile will boost the Online Bingo Gambling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rise in Disposable Income
- Change in Consumer Behaviour
- Increased Penetration of Internet
- Mobile platform based Online Bingo Gambling is rising in Popularity and will Account for Largest Market Share in Coming Years
- Certain Countries Stringent Regulations against Gambling
- Asia Pacific Offers Huge Opportunity because of Rising Smartphone Users and Increasing Disposable Incomes
- Glitches and Delay in Payments Leads to Loss of Credibility and Confidence among Users about Online Bingo Gambling
Key Market Developments:
In 2019, 888 Holdings PLC, a UK based popular gambling sites owner has announced acquisition of few bingo assets of Jet Management Group Limited and Jet Media Ltd. The entire deal is said to be worth around USD 23.5 million. The aim of this acquisition is to widen 888 Holdings product portfolio.
In 2019, Rank Group PLC, is a popular British Gambling as well as Media and Entertainment Company has announced acquisition of Stride Gaming plc, is a platform offering software and services to multiple only bingo games, gambling games and kids games. Currently Stride Games has close to 150 game brands under it, with popular ones being kitty bingo, lucky pants bingo, etc. The acquisition thus will help Rank Group strengthen its market portfolio, by providing wide array of games and other software support.
Online Bingo Gambling Services Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Online Bingo Gambling market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Online Bingo Gambling market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Online Bingo Gambling industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Kindred Group Plc (Malta), Bet365 Group Ltd (United Kingdom) and Flutter Entertainment Plc (Ireland).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Online Bingo Gambling market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.