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China’s Playing Cards & Board Games Market, 2018 to 2025 – Tier 2 Companies are Expected to Grow at 17.3% CAGR During the Forecast Period

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China's Playing Cards & Board Games Market, 2018 to 2025 - Tier 2 Companies are Expected to Grow at 17.3% CAGR During the Forecast PeriodReading Time: 3 minutes

 

The “China Playing Cards & Board Games Market by Product Type and Competition Type: Opportunity Analysis and Industry Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.

According to the report, the China playing cards & board games market size was valued at $583.8 million in 2018, and is projected to reach $1,675.4 million by 2025, registering a CAGR of 16.3% from 2018 to 2025. In 2017, the board games segment accounted for approximately two-thirds share in the China playing cards & board games market and is projected to grow at the highest CAGR of 19.2%.

Playing cards & board games are very popular and common products known by every age of person from child to adults. They are used by end users for leisure as well as for learning. However, playing cards have high demand in the gambling industry than household as these are mainly used for playing various games such as Rummy, Blackjack, Bridge, Roulette, and Sweeps in casinos, clubs & other places.

On the other hand, board games are very popular among kids, millennials, and adults which is also an important factor affecting the China playing cards & board games market size. These games play a crucial role in the growth and development of the children. It helps to enhance the creativity and self-confidence. It also helps to improve problem solving, critical, and logical reasoning skills.

It is proven fact that playing board games regularly will help to reduce the risk of mental diseases such as Dementia and Alzheimer’s to a great extent. Apart from this, playing cards & board games are effectively utilized by game bars & cafes to increase social interactions. All these factors boost China playing cards & board games market growth.

According to the China playing cards & board games market forecast in 2018, the playing cards segment have occupied 33% of China playing cards & board games market share due to exponential popularity and rise in number of live casinos. By competition type, Tier 1 was the highest revenue generator for China playing cards & board games market grabbing the share of 46% in market and estimated to grow at CAGR of 16%.

The expertise, strong infrastructure, and financial resources help tier 1 companies to account for maximum share in the market. For instance, Shanghai Yaoji Playing Cards Co. Ltd. is of the major company of playing cards holding significant share in the China playing cards market. These companies are capable to adopt technological advancements for the development of innovative products and hence covers most of the market in terms of revenue and volume.

However, Chinese board games such as Weiqi (Go), Xiangqi, Jungle, Chinese Checkers, Mahjong, Chinese Chess, and others have high demand from the U.S. and Europe, and thus experiencing positive growth during the forecast period. However, rise in related tariffs have encouraged the major importers to switch to other cost effective options such as India and Vietnam for production impacting the China playing cards & board games industry negatively.

The playing cards & board games manufacturers in China are majorly OEMs but now the manufacturers are focusing on R&D and adopting technological advances to develop new products. Thus, offering variety of new and innovative products to consumer. All of the above will open avenues for growth in China playing cards & board games market.

Key Findings

  • In 2017, board games segment dominated the China playing cards & board games market with 66% share in market
  • Playing cards segment occupied around 34% in the overall China playing cards & board games market share and is expected to grow at moderate CAGR of 7.3% through the forecast period.
  • By competition type, Tier 1 segment has occupied the largest share in the market and is estimated to grow at CAGR of 16%.
  • Tier 2 companies of the market are expected to grow at 17.3% CAGR during the forecast period.

Companies Profiled

  • Shanghai YaoJi Playing Card Co. Ltd.
  • Shenzhen YHD Packaging Products Co. Ltd.
  • Shenzhen ITIS Packaging Products Co. Ltd.
  • Shenzhen Yahong Color Printing Co. Ltd.
  • Zhejiang Chinu Packing & Printing Co. Ltd.
  • Ningbo Charron Industry Co. Ltd.
  • Shenzhen Swarm Playing Cards Co. Ltd.
  • Yangzhou Jinyi Stationery Co. Ltd.
  • Yangzhou Jumbay International Trading Co. Ltd.
  • Dongguan Bright Sea Industrial Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/s0frrf

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: China’s Playing Cards & Board Games Market, 2018 to 2025 – Tier 2 Companies are Expected to Grow at 17.3% CAGR During the Forecast Period

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Sports betting and Online Casino operator Betzest™ goes live with Rabcat™ casino games

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Online Casino Betzest™ has increased its offering by entering into a new partnership with Austrian slot provider Rabcat.

The agreement comprises Rabcat full collection of casino games, including highly innovative and entertaining online slots such as Castle Builder, River of Riches, Dragon’s Myth, Penguin Splash, Forsaken Kingdom: The Path of Valor, Castle Builder 2 and Moby Dick.

Online casino and sports betting operator Betzest is experiencing massive growth since its launch in 2018 and its portfolio now boasts over 1600 premium online slots.

After a number of major Top Casino provider’s launches over the past few months, this new partnership represents another milestone in Betzest™ rapid expansion. The company is looking forward to even more strategic collaborations with Top game providers already by the end of 2019.

Marius Filip, Founder/CMO at Betzest, said: “After the launch of twelve new top game providers since the beginning of 2019, I am proud to announce that we now concluded Rabcat Casino provider to join the Betzest platform. Rabcat games embodies what Betzest Casino is all about and matches our profile perfectly.

We are always looking to improve the Betzest™ Casino product for our players and we trust that their highly innovative and entertaining slot games will play an important part in making Betzest™ this year’s leading casino operator.

We’ve had an extremely fruitful 2019 already, with a remarkable collection of world-class casino providers on the way, I’m certain the best is yet to come.”

About Betzest:

Betzest is one of Europe’s leading and most distinctive online betting and casino company offering unrivalled sports betting and casino games experience. Betzest also offers Live Betting, Live Casino and Virtual Sports services. Betzest has gone from strength to strength in previous months and continues to dominate the online gambling industry with its robust and multi-functional online sports betting & casino company. Today Betzest has more than 50 employees across four offices all committed to delivering amazing player experiences on each of their verticals, partnering with top providers of only the highest quality.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Sports betting and Online Casino operator Betzest™ goes live with Rabcat™ casino games

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bwin to Quit from Russian Sports Betting Market

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Sports betting brand Bwin is going to quit from Russia’s online gambling market, as its parent company, A&NN Investments, is looking to unload its license in the country.

The license is held by Digital Betting LLC, which operates online in Russia using the Bwin.ru domain through a joint venture with UK-listed GVC Holdings. Bwin.ru is a joint venture of GVC and A&NN, which is owned by Russian billionaire Alexander Mamut, who also controls digital media firm Rambler.

A source for the website claimed that Digital Betting’s license may be transferred to a division of payment processing outfit Qiwi, which handles transactions for multiple Russian-licensed bookmakers. Qiwi has denied this report. Other sources claimed that The Stars Group (TSG) is in the running to acquire Digital Betting’s license.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: bwin to Quit from Russian Sports Betting Market

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Playtech Partners with GVC to Launch Elevation

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Playtech has partnered with GVC Holdings to launch a brand new dedicated live casino studio, Elevation. The live casino studio will launch in stages over the next two months, backed by a major marketing campaign and will initially feature five Blackjack tables and a Roulette wheel studio.

“As the parent company behind some of the most iconic brands in online gambling, GVC has been a key partner for us for many years, and we’re delighted to be extending that partnership with the development of Elevation. We’ve significantly invested in our Live Casino technology and facilities in recent years, in addition to continually diversifying our content – so in a year when we’ve done more than ever to enhance our product, it seems only fitting to be working with an industry leader to deliver an ever-more innovative live experience,” Shimon Akad, COO of Playtech.

“Live Casino is one of the major growth areas in the online gambling market, with players looking for a more immersive, entertainment-driven experience. Significant investment has gone into delivering the first stage of the Elevation studio and we’re delighted with the results. Playtech’s track record and experience in delivering innovative Live Casino technology and content is unsurpassed. We’re looking forward to continuing our successful partnership and delivering a world-class player experience,” Shay Segev, COO of GVC said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Playtech Partners with GVC to Launch Elevation

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