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Online Gambling Recession Proof
Amply illustrating the resilence and popularity of online gambling despite the tough economic conditions throughout the world, a new report from Global Betting and Gaming Consultants reveals that the US$ 20 billion benchmark for gross gambling yield on the Internet was passed in 2008.
The Isle of Man based consultancy opines in its current Interactive Gambling Report that the industry is strongly positioned going forward after another generally good year.
Internet gambling will benefit from changing consumer behaviour as spending patterns react to the economic circumstances, the report predicts. "Staying in" has become the new "going out" as consumers look to save money on their entertainment, and online gambling is perfectly placed to take advantage of the new trend, offering the convenience, variety, and the value for money that are now priorities for consumers.
"With the events surrounding UIGEA [the Unlawful Internet Gambling Enforcement Act currently under siege by Congressman Barney Frank] in the United States in 2006, the online gambling industry has shown too that it has both the flexibility and the innovation to react quickly," the report claims.
"2009 has started positively for many online operators, and with the prospect of Congressman Barney Frank introducing new Internet gambling legislation in the USA, and France intending to open its own gambling market to competition, there is certainly good reason for the sector to be optimistic about the future," it continues.
GBGC has established credibility as a specialist international gambling consultancy. The company has worked with or supplied information to over 400 clients, the majority of whom are 'blue chip'.
In addition to its consultancy GBGC has produced four reviews of the global gambling market that have been widely acknowledged to be the best available both in terms of both their detail and accuracy. The latest review published October 2008 extends to over 1 000 pages.
The statistics and forecasts that are contained within the Global Gambling Report have become widely recognised, within the industry, the financial community and the Media, as the industry standard for sizing both the online and offline gambling markets. Consequently GBGC are the most widely quoted source of industry data in share prospectuses and analysts' notes as well as on TV/Radio and in publications as diverse as the Financial Times, Forbes, Time Magazine, BBC Radio 4, BBC Breakfast, ITN news, the Economist and Fortune magazine.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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