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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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GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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