« News index »
CHINA&#039;S ONLINE GAMING SECTOR IS BOOMING
31st December, 2012 at 23:36:24
Latest numbers show extent of mobile penetration
The online gaming sector in China is booming, with total revenues heading for 68.5 billion yuan ($11 billion) in 2013, according to a new study by Analysys International. And the driving power behind this very significant growth is mobile phone and tablet technology.
In 2012 alone the indications are that revenues topped 56 billion yuan, giving a perspective on the considerable influence and penetration that mobile devices have achieved in China.
Unfortunately, other than welfare lotteries, the government remains firmly against online gambling.
Beijing-based Analysys reports that revenue generated by mobile games is set to surge in 2013 as the nation's smartphone penetration rate exceeds 50 percent.
"The sector is expected to maintain a 50% annual growth rate over the next three years," Xue Yongfeng, a researcher with the company told the China Daily newspaper.
The growth rate in the browser games sector is expected to slow over the next three years but will still be able to contribute about 17 billion yuan in annual revenue by 2015, the researcher said, adding that its revenue was less than 8 billion this year.
Related News Tags: Mobile Gambling
MARATHONBET LAUNCH MOBILE CASINO CHANNEL FOR UK MARKET
22nd March, 2017 at 12:01:49
Caters to ever increasing play on the go.
LAND CASINO INVESTOR BUYS MOBILE APP COMPANY
20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?
NEW ONLINE CASINO FANTASINO LAUNCHED BY EVERYMATRIX
16th March, 2017 at 16:15:59
Fantasy-themed site is multi-currency and multi-lingual
RESPIN CLINCH FIRST TIER 1 US CASINO DEAL
15th March, 2017 at 16:08:44
For launch of Rapid Games in-venue mobile games platform.
WILLIAM HILL TO TAKE iSOFTBET ONLINE CONTENT ON BOARD
23rd February, 2017 at 15:21:29
Full portfolio of HTML5 games to be supplied.