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E-GAMING GROWTH TO SLOW THIS YEAR
Thursday, June 16 2011 : Slowest growth in almost a decade
Legal actions in the United States, the world economy and earthquakes in Japan have all adversely impacted the e-gaming business, according to the latest assessment from the respected independent consulting firm H2 Gambling Capital.
After assessing recent corporate results, the company has reviewed and revised its forecasts for 2011, noting that at 4.4 percent, the industry growth rate is the lowest since 1998. H2's revised numbers predict that internet gambling gross win for 2011 will be Euro 23.76 billion rather than the Euro 25 billion originally forecast, and that growth of 10.2 percent is now unlikely to be achieved.
Aside from the global economic crisis, Black Friday's impact on internet poker companies, and the Japanese earthquake and tsunami disaster's effect on the massive interactive operations of the Japanese Racing Association, were cited as principal causes for the slowdown.
H2 commented that the enforcement actions against online poker in the United States have "decimated" operations in that market.
"At this stage we have calculated that the impact will equate to as much as Euro 765 million of lost market value this year and a further Euro 100 million loss next,” the consultancy noted, adding that it expects the Japanese Racing Association's interactive operations to decline by almost 13 percent compared with 2010.
Excluding the negative influence of the US and Japanese markets, the international e-gaming business gross win will however, grow by 12 percent this year, the report continues, pointing out that the introduction of cash poker and casino activity in the Italian online market will provide an important fillip, whilst Belgium, Spain and Greece are all expected to legalise and regulate online gambling going into 2012.
Looking on the bright side, H2 observes that the situation in the United States could in time improve if federal legalisation of online poker is achieved.
"There appears to be some buy-in across party lines to at least consider the issue more closely," H2 comments. "However, H2 remain of the view that it will be at least three to five years before any significant regulated activity will be seen on the ground in the U.S."
Betradar Launches US Sports Betting Solutions -
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.<
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