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GVC Success On Buying Bwin Will Help It Expand
Saturday September 5,2015 : SUCCESS IN BWIN BID WILL HELP G.V.C. EXPAND
Less competitive Latin American and African markets beckon.
GVC Holding's successful bid for Bwin.Party Digital Entertainment opens up growth opportunities in Africa and Latin America thanks to the high profile Bwin brand, the Wall Street Journal opined in an article Saturday.
Thanks to modern internet technology and the rapidly expanding availability of smartphones, a market that consists of literally millions of gamblers will be developing over future years, presenting tempting business opportunities for companies equipped to take full advantage.
Bwin.party has spent huge sums on marketing and has a large customer base on its popular games, the article explains. It has also achieved high awareness globally through its sponsorships and associations with some of the world’s most famous football clubs, including international favourites like Real Madrid and Manchester United.
The company also possesses sophisticated sports betting operational and customer-retention-management systems, key to success in a competitive industry.
All of these advantages will now accrue to GVC, which is already strongly positioned in the less-competitive Latin American market and has ambitions in Asia and Africa as well.
South Africa arguably has the continent's largest economy and is likely to be a prime target from a sports betting perspective, along with Nigeria and Kenya; a recent PricewaterhouseCoopers study estimated that by 2018 these three nations alone will have gambling markets worth $37 billion.
Online-payments technologies are also developing quickly in Africa, removing one of the main hurdles to business - how people without bank accounts can conduct financial transactions with gambling sites.
"Online sports and gambling companies like GVC, coming under increasing regulatory pressures in their traditional European markets, are eager to place early bets in the Third World," the WSJ concludes.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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