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Manitoba Online Gambling Report
Wednesday January 8,2014 : MANITOBA REPORTS ON ONLINE GAMBLING PERFORMANCE
Not as lucrative as expected.
The Canadian province of Manitoba has reported that the introduction of legalised online gambling in the province has not been as profitable as estimated.
The publication Canada.com reports that provincial government figures show that Manitoba made just $300,000 in the six month period ended September 2013, well short of estimates that revenues from the pastime would top $1.5 million in the first year of operations on the PlayNow website.
Andrea Kowal, a spokesperson for Manitoba Liquor and Lotteries, says the web site was launched a year ago and has been competing with many gambling websites around the world. She noted that plans to offer lottery tickets and bingo on the website when it launched had not yet materialised and were taking longer than expected to implement.
Earlier predictions that the province could reap $17 million a year by 2018 are still on-target, but revenue projections this year and next will have to be revisited, Kowal said, due to the longer ramp-up period.
Playnow.com currently generates about $30 million a year for the British Columbia provincial government, while Ontario is planning to start offering online gambling later this year.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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