Online Gaming Business Projections
In our years of experience, Online Poker, Online casino, Sports betting and other forms of online gaming involving skill and wagering have demonstrated consistent profits for all our licensees.
Online Gaming Industry Projections
If you take the last 10 years worth of statistics online gambling and gaming revenues have seen a steady rise touching almost $24bn in 2010. These gaming industry profit figures prove that when it comes to an online investment, online gaming is a sure shot success. With people wanting to play poker and casino, Cybergaming provides you with a host of online gaming options to choose from so as to start your online gaming business. With Cybergaming, you get a complete package thereby making it a one stop shop for you.
Online Gaming Business Projections - Online Poker
However what is more astonishing is the rate at which the share of online poker has been growing with respect to overall online gambling. In 2004 online gaming revenues stood at about $9bn with online poker contributing about $1bn. In 2005, the online gaming market touched $13 Billion with online poker raking in approximately $2bn. This means that the growth rate for online gambling is a lot lower compared to the highly lucrative niche of online poker.
Offline Casino Trends: Imagine the Possibilities Online
Casino gambling is a global business. Looking at how different offline jurisdictions have fared over the past ten years can well provide you an insight into where possibly the online casino gaming may be heading. Currently Macau is by far the world’s most lucrative gaming jurisdiction; in 2010, its 33 casinos took in more than twice the total revenue of every casino in the state of Nevada.
Gaming revenues data in eight offline gaming jurisdictions globally
The online casino industry is more global and revenue streams far outweigh those offline. Plus there are multiple unexplored and untapped markets which will continue to provide players for years to come. With Deposit Bonuses ranging from the crazy to the ludicrous, an online casino will always give more than an offline casino and the player’s know this which makes online casino a real money spinner with superlative revenue projections.
Porter’s Forces and Online Gaming Business Projections
The online poker and casino industry is by far the most lucrative but has strong barriers to entry with large established players controlling significant market share hence if you are new to the world of online gaming, Cybergaming is the best business partner you can have. Our expert business analyst and support staff will help you enter the online poker and online casino business profitably and then see to it that you break even on your business venture quickly.
Established online gaming sites have a first mover advantage when it comes to player switching costs since it takes effort for the online players to transfer funds between sites. However this advantage can be significantly reduced by exploring new markets and utilizing non conventional marketing techniques – something which the Cybergaming Marketing team is an expert at.
The lack of differentiation in online gaming industry makes the threat of a substitute virtually nonexistent. Out product developers are at the fore front of online gaming technology which reflects in the continuous updates which we provide to our online gaming engine and poker and casino software products
Profits Continue To Grow
Even though entry costs may be significantly higher than other industries, the online gaming industry tends to give supernormal profits and CAGRs far exceeding any other investment opportunity out there. As the past decade has proved, online casino and online poker are able to weather the recessionary storm better than many other industries out there. Rather than just being a share holder why not become the majority stake holder in an enterprise which may well be the best investment you have ever made.