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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 :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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