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AUSSIE SPORTSBET SECTOR WILL GROW
Although the tough economic times ahead will discourage casino and lottery gamblers, horseracing punters are unlikely to be put off by the economic decline, a study by IBISWorld research in Auistralia has found. Reporting on the study, the Sydney Morning Herald this week revealed that revenue from horse and sports betting is expected to grow by 11.9 percent this financial year, as the sector rebounds from the effects of equine influenza.
IBISWorld industry analyst Angela Kidson told the newspaper that the Aussie racing industry had experienced a loss of 9.3 percent in revenue over the 2007/08 financial year.
"It's rebounding from (fiscal) 2008 which was a terrible year for them with the equine influenza," Kidson said. "That hit the industry very hard: race numbers were down 16 percent."
In the 2009/10 financial year, the sector is expected to grow at a slower rate of around 2.5 percent, buoyed by new interactive digital pay-TV betting sites.
The report anticipates that further interest rate cuts and the Australian federal government's stimulus initiatives will increase average household disposable income by 4.98 percent early next year, but only a minimal portion of that is likely to be put into pokies or spent on lotto tickets, as disposable incomes are forecast to fall again in late 2009.
In the casino sector, revenue is expected to fall by 1.8 percent followed by another 2.3 percent drop by mid-2010. Lottery revenue will decline by 1.2 percent this financial year and a further 1.5 percent in 2009/10.
"I think most people are going to put their money into savings or pay off credit cards," Kidson said. "But there will still be some people who will have a bit of a play on the pokies or buy a lottery ticket over Christmas."
The results indicated competition between pubs, clubs, casinos and new Internet operators will be fierce, the report said.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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