Golden Matrix Group Inc (GMGI)

[pyro2]

Online gambling and betting sites are ruling the roost and calling the shots.

It is key to understand the more people GMGI reaches through mobile devices in the APAC region, the larger the growth of their customer base. Skyrocketing smartphone adoption rates have made Asia Pacific one of the largest mobile markets in the world. Gambling is a really big deal in the Asia Pacific region (APAC) and worth several billion dollars. Indeed it has been noted that higher gambling revenues are generated in the APAC region than on the Las Vegas strip.

More than half of the world’s mobile subscribers live in Asia Pacific, which is home to the world’s two largest mobile markets, China and India. At the end of last year, there were 2.7 billion unique mobile subscribers3 in Asia, equivalent to about 67 per cent of region’s population. This number is forecast to grow to 3.2 billion (73 per cent of population) by 2025, with about half of the new subscribers added over this period coming from India.

SHANGHAI, CHINA- China Mobile, the world’s largest mobile operator, has plans to deploy 5G commercial cities in over 50 cities across China by the end of this year, the company announced on the sidelines of Mobile World Congress 2019 Shanghai.

The carrier said that it aims to deploy over 50,000 5G base stations across China this year.

The company aims to expand the 5G commercial services to all Chinese cities above the prefecture level by 2020.

What has been the biggest reason why the gambling industry and casinos are undergoing so much change is because of smartphone penetration. Today more than casinos, online gambling and betting sites are ruling the roost and calling the shots. According to Online Gambling Quarterly, 61% of gambling operators’ revenue comes via mobile devices.