Rapid Expansion of Online Casino Gaming Credited to Innovative Technology Platforms – Digitalmunition




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Published on February 12th, 2021 📆 | 5958 Views ⚑

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Rapid Expansion of Online Casino Gaming Credited to Innovative Technology Platforms

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Feb. 12, 2021 /PRNewswire/ — Upon the announcement of the death of Las Vegas Sands Corp. (NYSE:LVS) CEO
Sheldon Adelson, the casino industry lost its biggest opponent towards online gaming. With Adelson’s passing, his company sits at a crossroads, potentially
finally making the same serious leap that its peers have made over the last few years—and embracing online gambling once and for all. But as new states, such as Michigan and Virginia, are added to the roll call of jurisdictions that allow online gaming, many brick-and-mortar casinos are looking
towards smart technology developers with turnkey solutions to make their transitions, such as Bragg Gaming Group (TSX:BRAG) (OTCQX:BRGGF), International Game Technology PLC
(NYSE:IGT), Scientific Games Corp (NASDAQ:SGMS), and GAN Limited (NASDAQ:GAN).

Over the past year, online gaming tech providers Bragg Gaming Group (TSX:BRAG) (OTCQX:BRGGF) have been consistently onboarding casinos from all over the world through their wholly-owned
subsidiary Oryx Gaming. So far in 2021, the company expanded its footprints into Germany, the Czech
Republic
, Slovakia, and most recently in Serbia where the regulated online gambling market has exploded at a CAGR of 82% in recent years,
through a partnership with MerkurXtip.

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