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Global Betting and Gaming Consultants numbers
Thursday April 7,2016 : GOOD GROWTH IN EUROPEAN ONLINE GAMBLING MARKET
Global Betting and Gaming Consultants numbers make impressive reading.
The online gambling industry is alive and well and growing steadily in Europe, according to Global Betting and Gaming Consultant numbers released this week, which show that gross gaming yield rose 328 percent between 2005 and 2015, reaching $15.87 billion last year.
The five-year period to 2010 was particularly fruitful, with GGY up a remarkable 198 percent from $3.71 billion to $11.06 billion, the consultants note, although since then the rate of growth has been around 43 percent.
Projected to 2020 at the same rate, that could see a $21.88 billion a year market, GBGC suggests.
Sports betting continues to lead the market, and has increased its contribution to industry GGY from 45.6 percent in 2005 to 48.5 percent in 2015.
Online casino contributed 23.1 percent in 2005, and 29.2 percent ten years on, but online poker underperformed, recording a contribution of 23.2 percent in 2005, falling to just 13.4 percent last year.
Online bingo pretty much plateaued over the decade, contributing 8 percent in 2005 and 9 percent in 2015.
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Gambling News :
HeyPoker Closing -
The operator is licensed by the UK Gambling Commission and the Malta Gaming Authority, with the registering company listed as Evoke Gaming Ltd.
Can Jack Lam Make Things Right in Philippines -
Lam will no doubt seriously consider the offer, having lost access to his Philippines businesses and with charges of attempted bribery and "economic sabotage" and an arrest warrant hanging over his head .
PPA Wants pre-emptive strike against RAWA -
It's not just civic associations that are warning against the introduction of a federal ban on online gambling in a denial of states' rights . The Poker Players Alliance action group has begun mustering its over a million US members in a campaign as well.
UK Wants Fixed Odds Betting Terminals Changes -
The group, titled FOBT All-Party Parliamentary Group plans to release its full report early in the new year, but for now has claimed that changes to FOBT regulations could help in reducing "associated crime" and problem gambling.
Sportech Wins 8 Year Old VAT case -
An eight-year long, GBP 97 million VAT repayment claim dispute between Sportech PLC and HM Revenue and Customs (HMRC) has come to an end with the Supreme Court refusing HMRC permission to appeal a previous Court of Appeal ruling.
2017 MPN Poker Tour -
Main Event packages, worth €1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as €0.25. Each €1,500 package includes:
Realistic Games in deal with Kindred Group -
The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.
DFS banning bill Introduced in Illinois -
The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.
Cambodia To More Closely Control Online Gambling -
Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.
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