16 February 2025 – By Cristian Dragomir
100€ Bonus from Bet365 Casino!Founded in 1987, Global Industry Analysts (GIA) is one of the largest market research firms in the world. Every year, the company publishes more than 1200 full-scale research reports. Recently GIA released a new report concerning the land and online gambling industry titled “Casinos: A Global Strategic Business Report”. This study predicts that the global market for land casino gambling will reach $101.30 billion by 2025 and there will also be significant growth in online gambling.
GIA states in this report that the gambling industry “is experiencing competition from rapidly expanding online gambling and an increasing level of public endorsement”. Although online gambling presently constitutes a very small percentage of the overall global gambling, the sector is growing at a fast pace and is likely to boom.
The report also highlights some of the advantages and disadvantages of online gambling. One advantage is the fact that it enables players from different regions in the world to play against each other. The main disadvantage is that online players cannot cash their winnings instantly because of the minimum withdrawal limits and the duration of this process. GIA’s report also covers subjects that include trends and issues, regulatory environment, product innovations and profiles of market players.
