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Five reasons for slow down.
The latest edition of Global Betting and Gaming Consultancy's international Global Gambling Report reveals that global Internet gambling continues to grow, albeit at a slower pace than most would have expected.
The consultant has put forward five reasons for this slow down:
1. Rapidly growing Asian casino markets have had a higher rate of growth than interactive gambling in the period of the report.
2. Internet gambling has consequently not been able to grab a substantially greater share of the total gambling market.
3. In Europe internet gambling companies now have to locate onshore in most states and this leads to higher regulatory cost and taxation which over time leads to less resources to invest in marketing and stimulate the product offering.
4. US state lotteries should be making more of a contribution to internet gambling but have not so far fully embraced internet or mobile sales.
5. A declining internet poker market is also limiting internet gambling ability to claim a greater share of global gambling.
Any regulation of internet poker in a major US state would have an impact for internet gambling to claim a greater share of global gambling, with California potentially providing a significant boost, GBGC observes.
The Isle of Man-based consultancy notes that the key drivers for future internet gambling to grow are still in place namely:
1. Global roll out of broadband continues;
2. Widespread use of smart devices such as tablets and phones - 54 percent of UK homes now own an Apple iPad (source Ofcom).
3. Continued broadcasting of major sporting events on television is stimulating in-play betting which now represents more than half of wagers on sports.

Gambling News :

$700K worth of Power Series Mega Sats every week - These amazing Power Series Mega Sats hit the partypoker lobby on Sunday 25th March so log in, buy-in and see if you can win one of the near $700,000 worth of tickets on offer this week.

Pinnacle Goes Live With Microgaming Quickfire - Founded in 1998, Pinnacle is a respected industry leader, delivering sports betting, casino and educational betting-related content to customers worldwide.

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

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.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

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.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

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