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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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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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