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ONLINE GAMBLING NOW A MAJOR GLOBAL MARKET

posted 2/23/11 : Latest study by gambling consultants shows continued growth
 
The Interactive Gambling Report from Isle of Man-based consultants Global Betting & Gaming Consultants, released earlier this month, shows that the international internet gambling market has grown by 12 percent in 2010, reaching US$ 29.32 billion in gross gaming yield.
 
Expansion is likely to continue, the company concludes, predicting growth in 2011 of 14 percent as individual national markets pursue a policy of regulation rather than banning; the popularity of live sports betting burgeons; state lotteries become larger and enter the online gaming space; and betting becomes more widespread with the increasing use of mobile technologies.
 
By 2014 the industry could be valued at around $40 billion, with the possibility of even more spectacular growth should there be a breakthrough in the legalisation of the pastime in the United States.
 
GBGC studied Internet gambling from the perspectoives of national and provincial (state) regulation, advertising, mobile and interactive TV gambling, languages and localisation in the compilation of the 70 page report
 
The report notes that 41 percent of revenues are currently generated by sports betting, with online poker and casino operations bringing in 46 percent, and a rapidly growing internet bingo sector contributing $1.3 billion in 2010 alone.
 
Commenting on the recent UK Gambling Prevelance report, where the media made much of what were in truth very small increases in problem gambling, GBGC chief Warren Bartlett pointed out that the UK’s gross gaming yield per capita in 2009 was lower than in those countries with historical gambling traditions such as Australia, Hong Kong, USA and Ireland. It was also lower than some countries that have developed their gambling markets more recently such as Italy and Finland.
 
“Gambling is a much less problem for the country than alcohol consumption where 8 percent of people drink to the point where their health is in danger,” says Bartlett. “In 2008, there were 6,769 deaths directly related to alcohol according to the National Health Service. No one died from playing the lottery or having a bet. The survey should also be extended to gambling with exotic financial instruments where the results can be catastrophic, as we have seen since the collapse of Lehman Brothers.”
 
Other interesting data from GBGC is that the booming and regulated Italian market could be even larger; an estimated 30 percent of the nation's gambling is still illegal and unlicensed. The company notes in a statement: "The new law of 2007 was meant to reduce illegal gambling by providing the gambler with more legal gambling services, better protection, and improved gambling facilities.
 
"In the first few years it was an apparent success but GBGC now detects that it is starting to unravel.
 
"The starting point for a license in Italy is a bond of Euro 300,000 but it can be Euro 1.5 million for a start-up with no previous licence. Such high costs create a significant barrier to entry particularly for the small operator and discrimination against the start ups will work against the state in a number of ways."



Gambling News :

Keimo Suominen Wins MPNPT Tallinn 2017 Main Event - Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.

Foxium chooses Microgaming’s Quickfire platform - Game developer Foxium is integrating with the Quickfire platform via an exclusive deal.

14 Left in MPNPT Tallinn Main Event - All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

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