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AUSSIE GAMBLING SET TO GROW 3.3 PERCENT THIS YEAR
04/06/2012 : AUSSIE GAMBLING SET TO GROW 3.3 PERCENT THIS YEAR
But poker remains the favourite...
A survey by IBIS World has revealed that the gambling sector in Australia is set to grow by 3.3 percent in 2012, with the betting industry earning approximately A$22.5 billion in revenue, based on an average of A$1,265 wagering spend per person.
But according to gambling experts, poker remains the primary money-spinner for the industry, and is projected to make up 60.2 percent of total customer spending.
The online sector has boosted business, giving punters the opportunity to access online as well as live poker tournaments, along with casino games played in the comfort of their own homes, or whilst on the move using mobile devices.
The IBIS World report also revealed that sports betting is the fastest growing sector in the gambling industry. Although Aussie sport wagering still makes up only around 1.6 percent of total gaming revenue, it is growing at a faster rate than horse racing, slot machines, and lotteries.
The report suggests that increased marketing spend during the AFL and NRL seasons, a growing online accessibility, and the normalisation of taking a bet during a sports event has fuelled the growth of sports betting.
Sally Gainsbury, from the centre for gambling, education and research at Southern Cross University, believes that betting is now synonymous with sport. She points out that the prominence of new technology, such as the rising penetration of smartphones, enables people to place a bet anywhere.
"There's been so much marketing it has allowed online gambling companies to really target sporting events and sporting fans. So now on TV when you see someone score a try in the corner of a field, there's a Centrebet post that they are knocking over," she said.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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