Online gaming: News & updates July 2021

The global online gambling industry remains on an upward curve, with operators across the sector reporting strong revenues during the first half of 2021.

The market size was valued at around $60 billion at the end of last year and experts have forecast that the sector will grow at a compound annual growth rate (CAGR) of 11.5% over the next six years.

For people inclined towards playing online casino games these are undoubtedly exciting times, with operators eager to grab a piece of the action.

Many of the firms in the sector offer bonuses and promotions which can be found on this website, all of which are designed to keep the industry booming.

The vibrancy around online casinos shows no signs of slowing down – a point highlighted by the never-ending stream of news generated by the sector.

With that in mind, we take a closer look some of the latest exciting developments in an industry that is well placed to keep growing over the next few years.

Red Rake Gaming pens new deal with Playtech

Red Rake Gaming has partnered with an industry giant in a lucrative deal that will see it integrate its portfolio of mobile and online games onto the Playtech Games Marketplace.

The exciting collaboration will make a vast array of the Spanish developer’s top games available to Playtech’s extensive global operator portfolio.

The Valencia-based studio have been making waves in the online casino sector in recent years, and this new agreement could fire them into another stratosphere.

Playtech are one of the most renowned companies in the industry, providing software services to all of the biggest online casino brands.

Developers flood the marketplace with new games

Software developers are constantly pushing the boundaries of technology in the hope of delivering a game that will be dubbed the ‘next big thing’.

In an industry as competitive as the online casino sector, the competition is heightened even further as developers are tasked with delivering games that will generate big revenues.

Fate of Fortune by ELK Studios appears to fit the bill in that respect, with their 81-payline slot boasting an usual 5-3-1-3-5 reel pattern.

Multipliers, wilds and respins add to the thrills on a game that should prove to be a massive hit with online casino operators and players alike.

Scientific Games flex their muscles

With a history dating back more than 100 years, it is fair to say that Scientific Games Corporation are one of the biggest organisations in the online casino industry.

Their latest move towards global domination has seen the firm confirm an all-stock offer that would see it take control of the around 19% shareholding in Nasdaq-listed SciPlay Corporation.

The proposal is worth around $1.9 billion and would significantly strengthen Scientific Games’ position at the forefront of the online gaming sector.

The link-up between the two firms is subject to regulatory approval, but would significantly boost Scientific Games’ vision of becoming a leading cross-platform global gaming company.

 

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