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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.
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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