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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.
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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