The digital revolution will remember this century at its zenith paired with the moderate government regulations on gambling. The sports betting industry is thriving and gaining momentum in a broad spectrum of the global market. Presently, sports betting has transfigured into a rapidly burgeoning industry that offers massive growth for bettors and sportsbooks. The wide array of digital platforms has facilitated the progress of the sports betting industry. Research analysis by Technavio suggests that the global sports betting industry by 2022 can expect a revenue generation of nearly $370 billion.
The most commercial online gambling operators which comprise exclusive sports, poker, casino, and bingo brands. 888 Sports has made its forceful presence in the global market right from its inception in 2008. The site with a difference with premier customer deals, a span of avant-garde market, and a universal appeal. They have made a glamorous comeback by partnering with US-based companies. Since sports betting is a prospective industry in the US, 888 is all prepared to make the most of this opportunity.
It is one of the prodigious sports betting companies and gaming groups. GVC offers an assortment of the casino, poker, bingo, and sports betting in its distinctive proprietary technology platform. These services are extended under very well-known online betting brands like partypoker, Betboo, Foxy Bingo, CasinoClub, Bwin, and Sportingbet. Their journey has been commendable with a 1.1-billion-pound acquisition from Bwin in 2016, followed by UK rival Ladbrokes Coral in 2018. Moreover, the recent $200 million joint venture with MGM resorts is also noteworthy. The actualization of this deal can bring in a revolution in the sports betting industry in the US.
The spectacular journey of this company reached the pinnacle with its financial performance in 2018 that was aided by the growing customer base and the 2018 FIFA world cup. Currently, the company is regarded in spearheading global online gambling brands exclusive to sports betting. They have presently emerged into the US market with the 5+5-year agreement with Casino Atlantic City and Hard Rock Hotel in New Jersey. Their primary revenue is contributed by online sports betting and casino games.
Paddy Power Betfair
The genesis of Paddy Power Betfair in 2016 resulted from the consolidation of Paddy Power plc and Betfair Group. They presently have four segments of services: Online Australia, Telephone segments, Irish Retail, and UK Retail, namely. The Online Australia division of the company is the market sovereign in the Australian gambling industry with its sports betting services. While the UK and Irish Retail controls 623 betting shops covering the UK and Ireland. It is under the Betfair, Sportsbet, Paddy Power, and TVG brand names the company furnishes gaming and sports betting services.