The wait is finally over – the EGR Power 50 2020 is officially here. For more than 17 years, EGR has released its annual snapshot of the global online gambling market, providing a rundown of the key industry power players and how they are performing against their competitors.
Click HERE to read this year’s EGR Power 50.
As a year like no other draws to a close, the EGR Power 50 2020 is finally here. Now in its 17th year, EGR has released its annual overview of the global online gambling market, providing an insight into the key industry power players and how they are measuring up against their competitors.
Following on from last year, the M&A theme continued strongly throughout 2020. So much so that this year’s edition of the Power 50 has seen a significant shake-up of the industry’s top-tier companies, crowning a new number one for the first time in over a decade. And with the Covid-19 crisis continually affecting businesses globally, the impact is being felt far and wide. Not only have lockdowns around the world brought significant consumer behaviour change, they have also spurred increased vigilance around safer gambling measures in the forms of ad restrictions, player deposit caps and bonus limits, to name just a few.
The pandemic has impacted various market trends and, in turn, has affected this year’s list, as has the continued growth of the US sector. According to the American Gaming Association, national betting revenue grew 31.5% in the first seven months of 2020, compared to the same period last year. Online gaming revenue soared 254% in Q2 as the land-based sector temporarily crumbled beneath closures. And as a result, there are a number of US-facing entrants this year that have dramatically shot up the rankings.
Not many would disagree that it hasn’t been the easiest 12 months for the online gaming industry. Yet it’s not all doom and gloom. As we saw in June, sports betting in the UK celebrated a glorious return with a 146% month-over-month rise in bets placed, according to data from the UK Gambling Commission. Not only this, but the industry has been thrown into the deep end and forced to push forward at faster pace to innovate. Balancing innovation with shrinking margins, consolidation, regulatory constraint and all the consequences of the past year have been the key drivers behind this year’s rankings.
Finally, EGR has retained its established formula of judging each company by its international reach, strategy and impact, market influence and leadership, and financial prowess. For the latter criteria, the Power 50 relies heavily on the expertise of accountancy heavyweight BDO which helps EGR calculate the most important numbers. As the saying goes, time is money, so read on now to find out which operators ranked where in this year’s EGR Power 50.
EGR would like to thank EveryMatrix for sponsoring this year’s Power 50, and BDO for helping us compile the rankings. BDO is one of the world’s largest accountancy and business advisory firms and is a leading service provider to the online gaming sector.
Proudly sponsored by
Every year with new entrants, challengers and established operators plus mergers and acquisitions, EGR Power 50 is the most prestigious ranking in the industry. It is an honour for EveryMatrix to present this list in 2020. We’ll be cheering for our own clients on this year’s list and looking forward to engaging with even more, eager to show how we can help grow revenue and decrease operational overhead even for the best operators in the industry. Power to you all! – Ebbe Groes, CEO, EveryMatrix
All companies which feature in the annual rankings receive an invitation to attend EGR’s exclusive Power 50 Summit. More information about the event will be announced soon.