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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 :
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With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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