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Global internet gambling is on the rise
Sunday March 17,2013 : ONLINE GAMBLING INDUSTRY PICKING UP SPEED AGAIN
After a tough recession, global internet gambling is on the rise, researchers say.
Aruvian Research, a major gambling consultancy and research outfit based in India, has released its latest study of the global online gambling industry under the title "Michael Porter's Five Forces Analysis," reporting that the business is one of the fastest growing internet industries with a net worth of $30 billion in 2011 and a rising expansion rate of 2.5 percent following a slowdown in 2009 due to the worldwide economic recession.
The company predicts that expansion will continue in the next five years, with online casino, sports betting and even poker dominating in an industry driven by factors like deeper internet penetration around the world.
Aruvian says Europe is leading the charge at present with a trend toward national regulatory regimes. In 2012, European online gambling business operators recorded almost a 45 percent increase in total online gambling yield, the researcher reports.
The study examines five forces which determine the competitive intensity and therefore attractiveness of a market. These consist of those forces close to a company that affect its ability to serve its customers and make a profit. A change in any of the forces normally requires a company to re-assess the marketplace.
The report covers industry statistics, a value analysis, industry segmentation, and forecasts for the future, along with a review of the bargaining power of buyers and suppliers, competitive rivalry, new entrant threats and the dangers of industry substitution.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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