Showing posts with label Gamer. Show all posts
Showing posts with label Gamer. Show all posts

Friday, November 1, 2013

How Money Flows in Game Theory

English: The original controller for the Ameri...
English: The original controller for the American Xbox video game console, sometimes called the "Duke" controller. (Photo credit: Wikipedia)
Gaming has become a phenomenon that has now seeped into the daily life of the average individual. In Ontario, almost 61% of all households have a gaming console. This excludes those that play on computers and not on consoles. The total number of gamers is far greater. With over $ 1.7 Billion spent according to the RateSupermaket infographic on video gaming cost, Canadians are looking to get out and get amongst the action.

The average games spends roughly $ 900 on gaming. This includes buying consoles and an average of fifteen and a half new games a year. Currently, the Nintendo Wii U is the cheapest console as compared to the Playstation 4 and the Xbox One which are 400 and 500 dollars as each. Consoles depreciate a lot too with resale prices being as low as a hundred dollars for the previous Xbox 360. Canada being the third largest gaming population in the world, almost $84 million being spent on games alone.

This brings to light the growth of the gaming industry which has shifted from its niche arcade roots to games which are as grand as movies, both in conceptualization as well as making. The domain of the rich has had the addition of the geeky gamer in it and the wealth of that gamer is still to grow. In 2010-11, the gaming industry in Canada grew almost over 11 percent making it a market which is not only large with almost two billion dollars being spent in Canada alone but also a market which is growing at a steady and strong rate.

It is not a phenomena now, it is a proper player in a market that is growing with promise. Perhaps the greatest factor is the fact that there are a lot of people who don’t put a price on entertainment, which is primarily what the games cater to. The amount of money they spend on entertainment is a large amount to say the least.

With games such as FIFA and Need for Speed running successful franchises which have been running for over two decades, the demand is undying. And it is a blatant lie to say that only young people game with Canada’s average gamer being over thirty years old. Another surprising fact is the number of females that now play games. In what has been called by draconian sources as a predominantly male society, and in an industry which manufactures and caters to a net worth of close to two billion dollars, females comprise of over 46 percent of the total gaming population.

The gaming industry has created a subculture with its own financial system to ensure that the previously underground circuit now receives as much attention as required. The marketing costs for some game titles run into millions and rival those of automobile manufacturers making much more expensive products. For the potential gamer there are now better and more prudent finance decisions that are available. Buying used games has become an alternative way of tapping into the market of previous titles. Consoles become much cheaper and for the gamer who is simply learning the ropes, getting a decent rig is relatively inexpensive as compared to the amount of entertainment that can be gained from it. According to RateSupermaket infographic on video gaming cost over $300 CAD, over 90 percent of Canadian children are gamers. This observance states that the market for the spending gamer is going to increase massively. If 90 percent of children play a computer game then a lot of them will continue to do so when they become adults and active participants in the market. Hence the way to go for games is only up.

Saturday, October 26, 2013

Online Gaming Attracting More Boomer Players

Ask anyone about online gaming and they will tell you it's for kids. Believe it or not the opposite is true. Online games attract players from all age groups. Gamers today come from a wide cross section of the population.

The kinds of games they play and the different places they play are numerous. If you sampled the ages of online gamers playing your average game you would find the ages ranging from 20 years old all the way up to baby boomers and sometimes older.

A survey done by the Online Gaming Association(OGA) in 2012 noted, 25 percent of adults older than 55, are online everyday passing the time playing games. This percentage isn't so amazing knowing that only one year earlier the percentage was just 10 percent. Players are online using their phones, desktop computers, or their console gaming stations to get online. Lots of 50 plus gamers have included online gaming as a big part of their entertainment time.

A paper put together by the Wiggins Group at the Massachusetts Institute of Technology(MIT), titled “Baby Boomer Gamers Scoring with Online Gaming” revealed that Boomers love to play online games. The study showed that 88% enjoy the Mental Challenge, 76% regard the Social Interaction appealing, followed by 75% enjoying Problem Solving, 63% like the Adventuring and Organizing.

The array of games to play online is vast. But one of the most popular ones is Bingo. You may think you know Bingo but learning the art of bingo online is even more fun. The main reason it is so much fun is because it is one of the most social online games. While you are playing you can converse with others players around you. Many people play bingo because they can play online with their friends. Even if you play alone and do not know anyone, I assure you before you know it you will make friends as you play.

Unlike many online games, you aren't playing against each other. No, you are all playing together as a group. You are all trying to win, plus the camaraderie and fun you are having make it a enjoyable time.

Bingo is also fun because it is possible to win some money. Unlike many types of gambling games, it is not over quickly. As time passes and the numbers are called the excitement builds contributing to the games enjoyment. Games can last a couple of minutes and longer. It's an easy game to play and fun for even the new player. You're just as able to win a game if you are new player or a veteran player. Have fun!

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