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Asian gambling Revenues Rising 15 percent a year

02/25/2012 :  ASIAN ONLINE GAMBLING GROWS
 
Revenues rise around 15 percent per annum in the East
 
According to reports on the Asia News Network, the increased use of smart phones is contributing to an impressive growth in online gambling in the region, estimated by consultants like GBGC at 15 percent per annum....and that does not include numbers from unlicensed operators.
 
The new communication technologies have widened access to online casinos by a growing number of younger punters comfortable with mobile devices and the internet, and the numbers of PC gamblers are also rising.
 
GBGC estimates that licensed operators generated revenues of US$357.2 million from punters in 2011. The year before, the figure was US$312.49 million, and in 2009, it was US$271.58 million. Estimates are that illegal operators made up to US$110 million.
 
The Acting Minister for Community Development, Youth and Sports (MCYS) in Singapore, Chan Chun Sing, labeled online gambling as 'an emerging concern' in an address in Singapore last week, saying that there were worries about the difficulties in tackling online gambling and its possible impact on compulsive gamblers.
 
A recent National Council on Problem Gambling survey, conducted on a sample of 3 315 Singapore residents aged over 18 years, found that online gamblers exhibited the least self-control.
 
Up to a third of respondents said they gambled longer than they planned, bet more than they had intended and turned to gambling more often than they should.
 
Only 13 percent of respondents felt the same way playing jackpot at local clubs, and only 21 percent felt that way when they bet on horses.
 
A spokesman for the Community Development, Youth and Sports Ministry said Friday the fact that online gambling does not take place at a physical site makes it more difficult to implement social safeguards effectively.
 
ANN reports that sites popular with gamblers include Betfair and Ladbrokes, where punters log in using credit cards to place bets on sports, casino games and poker.
 
However, industry insiders say that many unlicensed sites let punters join in without having to fork out cash or to authorise a credit card deduction upfront. Local bookies give punters - accepted only on recommendation through trusted contacts - free credit, a code and a website where they can place their bets. Wins and losses are settled face-to-face with the bookie or through bank transfers some days later.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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