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December 9, 2011 : Latest Research and Markets study shows annual growth averaging 13.7 percent
The respected research group Research and Markets has released its latest study of the global online gambling market, showing gross gaming win (the total amount waged by customers minus the total amount paid out to customers as winnings) of $29.8 billion in 2010.
Highlights in the report, which is available from Research and, include:
-     The global online gambling market has enjoyed an average compound annual growth rate (CAGR) of 13.7 percent between 2006 and 2010. 
-     The sports betting segment was the market's most lucrative in 2010, with total gross gaming wins of $12.2 billion, equivalent to 41 percent of the market's overall value. 
-     Market performance is likely to decelerate, with an anticipated CAGR of 9.1 percent for the five-year period 2010 - 2015, and this is expected to drive the market to a value of $46.1 billion by the end of 2015. 
Inquiry rejects online gambling bill proposed by Sen. Xenophon
Australian Internet gambling opponent Sen. Nick Xenophon's Interactive Gambling Bill was given the thumbs down by a Parliamentary Joint Select Committee on Gambling Reform this week.
The bill tabled in June this year, targeted the prevention of online transactions to offshore betting site's along with a reduction in gambling advertising and banning live betting during sports events.
The Committee majority found the bill impractical on the suspension of transactions saying:  "Electronic transactions involving multiple parties are conducted in a matter of seconds, making a request to suspend or cancel them unfeasible.”
Citing the potential for moral hazard by gamblers, knowing that if they lose they can request a reversal on the transaction, may lead to more reckless gambling behaviour said the Committee.
Steven Munchenberg, chief executive of the Australian Bankers' Association's alternative proposal involving a blacklist of illegal operators was also rejected, according to The Australian.
Summarising, the Joint Select Commitee said: “We do not support the introduction of any form of financial transactions or payment controls. We recommend the bill not be passed”.
Around twenty recommendations have been put forward by the Committee mostly surrounding sports betting such as: a company logo ban on jerseys, prohibition of live odds promotion, a ban on betting advertising during times when children may be watching, and restrictions on team product merchandise that promote sponsors.
The Committee has called for more research undertaken on a National level before reaching consensus on the topic of online gambling.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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