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Mobile Gambling To Reach 62 Billion in 2018
Thursday February 13,2014 : MOBILE GAMBLING TO REACH $62 BILLION IN 2018
Driven by previously untapped US market says research firm
UK-based Juniper Research's latest report predicts that annual wagers on mobile casinos and poker will reach $62 Billion globally by 2018, a six-fold increase on the $10 Billion wagered last year.
According to the report, the primary driver will be legalisation of selected online gambling services in the previously untapped US market, where it expects to see a host of service launches over the next five years.
"Mobile Gambling: Casinos, Lotteries & Betting 2013-2018" found that gambling operators on a global level have been spurred to develop sophisticated mobile casino solutions based on the success of free-to-play casino games.
Big Fish Casino, Poker by Zynga and Slotomania are amongst the highest grossing games on Apples App Store through consumer purchases of virtual currency and they have demonstrated how immersive games such as slots and poker can be on a mobile device.
On the other side of the coin, Juniper Research said it found little evidence that lotteries were eager to expand to mobile.
"Lack of competition in the lottery space has meant that there has been little incentive to innovate. Realistically, only if retail outlet ticket sales slump will providers be incentivised to push distribution through online and mobile channels," said report author Siân Rowlands.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
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Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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