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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.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
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After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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