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Moody's Investors Service On Internet Gambling
Friday, April 22, 2016 : NEW MOODY INVESTOR SURVEY IS POSITIVE ON INTERNET GAMBLING
International market could be worth Euro 42.8 billion by the end of 2018.
A new survey by Moody's Investors Service makes an optimistic assessment on the industry, saying there are good growth opportunities despite pressure from increasing taxes and regulation.
Titled "Gaming -- Europe: Online Gamblers Will Drive Growth for European Gaming Companies", the report notes that online gaming markets like online poker, casino, sports betting, bingo and lottery, have grown rapidly to Euro 36.9 billion in 2014 from approximately Euro 6.6 billion in 2003, and are expected to continue the upward trend to around Euro 42.8 billion by the end of 2018.
Moody VP and senior analyst, Donatella Maso, opines that gaming companies with a larger online presence are likely to see higher revenue and EBITDA growth over the next 12-18 months than those more focused on traditional land-based business, as the gradual shift online continues, mobile phone and tablet penetration rises, and fast-growing demand for online games increases.
She predicts that the online sector's fundamentals will remain positive for at least the next two to three years, which will support high single-digit growth rates.
Potential legalisation of online gambling or further liberalisation of the rules that already govern it in some European markets and US states offer growth opportunities for large online gaming operators, which could offset uncertainty in regulatory regimes, she observes.
The recent wave of M&A is likely to continue as operators look to become bigger and more diversified to offset rising costs and compete more effectively, she concludes, noting that operators are increasingly looking to develop proprietary technology platforms in-house in order to limit reliance on third-party providers and reduce customer acquisition and marketing costs.
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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