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Gambling Companies With Online SItes will have higher growth in 2016
Saturday, December 5, 2015 : GAMBLING COMPANIES WITH ONLINE COMPONENTS WILL DO BETTER
Rating agency predicts higher growth in 2016 for such firms.
The respected Moody's Investor Service has published a review on the future prospects of the gaming industry in Europe, noting that companies with greater online gaming exposure are likely to experience higher growth next year.
However, most rated companies are highly exposed to mature segments of the gaming industry, which is expected to remain broadly flat.
Moody's expects a rise in disposable income in 2016, albeit at a slower pace than 2015 in some European countries, which should drive gaming activity.
The company's "Gaming -- Europe: 2016 Outlook -- Modest Wagers Growth Supports Stable Outlook Despite Ongoing Cost Pressure" review predicts that the UK, Germany and Spain will all benefit from a stable economic environment, while Italy's economic recovery remains slow, dragging on its gaming industry performance.
"We note that regulation and taxation will continue to pressure revenues, profits and profit margins in 2016, but the impact will be less pronounced than in 2015," the review concludes. "We do not expect any new major regulatory changes next year, except in Italy where provisions of the draft 2016 Stability Law propose taxation increases that would affect revenues and profits."
Moody's anticipates continued cost optimisation efforts and M&A activity as companies seek to offset increasing compliance costs and taxes.
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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