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Online Gambling Revenues Revenues likely to reach $533 billion by 2017

Thursday July 3, 2014 : NEW PREDICTIONS ON WORLD GAMBLING MARKET
 
Revenues likely to reach $533 billion by 2017.
 
The respected consultancy Global Betting and Gaming Consultants has published its latest assessment of the world gambling market, predicting that revenues are likely to grow from $451 billion in 2013 to $533 billion by 2017, with Asia, which delivered 31.9 percent of the market in 2013, increasing its share of the total pie.
 
Growth in Asian countries like the Philippines and Vietnam, underpinned by new casino resort projects, will probably boost the Asian market share to 34.4 percent, the company suggests, noting that economic problems continue to plague Europe, which saw its share of the world market drop by two percentage points between 2011 and 2012, to 27.6 percent.
 
GBGC says that online gambling accounted for 9 percent of the total market last year, and although it has seen strong growth, it will struggle to break through the ten percent level due to strong competition from Asia’s fast-growing casinos.
 
The consultancy forecasts that i-gaming will stall stubbornly at around the 9.4 percent mark of global market share between 2015 and 2017.
 
World Internet gambling reached $40 billion in 2013 and will rise to around $50 billion by 2017. Within that figure, gambling on mobile devices will contribute almost $12 billion, or 24 percent of the interactive market, by 2017.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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