The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.
Cory Cleveland, the president and co-founder of Play It Gaming, has targeted emerging markets for feature phone technology in Latin America, Asia and Africa after the Canadian social gaming start-up raised more than $700,000 through an oversubscribed seed investment round.
Mobile gaming and commerce has to a large extent taken root in developed/mature markets in Europe or the US, as users become increasingly familiar with carrying out daily tasks, including payments, on their mobiles. Africa however has not had the Internet push experienced by the US and Europe these past 15 years and in many African countries the mobile is often the only gateway to the web, thus offering great opportunities for m-commerce companies.
Prepaid, direct debit, real-time bank transfer, there is no standard definition of an alternative payment is. For the purpose of this report, it is any non-card payment type but the alternatives to standard credit card payments are vast comprise a large variety of schemes.
Asia is both tech-savvy and very poor, the two features thus offering great opportunities for mobile payments and financial services providers. In Africa m-payment services are very rudimentary but they are also flourishing and mobiles are a lifeline to many poverty-stricken Africans who wouldn’t otherwise have any access to financial services of any sort.
iGaming Business filmed all the panels and sessions from the iGaming Executive Conference which includes opportunities in Africa, why the brain likes games, how to do major deals in Asia, recent M&A analysis, a cashless society, and eSports.