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SOLID GROWTH IN THE ONLINE GAMBLING INDUSTRY

Posted 1/4/11 : Latest survey report shows an overall 12.5 percent rise in gross win
 
New numbers from the respected UK online gambling monitor H2 Gambling Capital show that despite adverse global economic conditions, gross win in the internet gambling business rose 12.5 percent year-on-year in 2010.
 
Gross win fell just short of $29.93 million, and the consultancy notes that even if the bonanza that was World Cup Football is deducted, the rise would still have been a creditable 11.5 percent.
 
Predictably, online casino and bingo sites were a major component, with bingo putting in a particularly good performance at $2.67 billion - a rise of 28.4 percent over 2009. Online casinos contributed $6.24 million, up 13.3 percent on gross win.
 
The perceived slow decay of online poker nevertheless generated a rise of 7.1 percent to $5.06 million, H2 reported, noting that the liberalised French and Italian markets had saved the day for the vertical.
 
The sector's biggest business generator at $12.06 billion was without doubt sports betting, up 10.8 percent including the World Cup Football booster.
 
H2 Gambling Capital is the industry standard supplier of data and consultancy information regarding the gambling industry, boasting a professional team with an extensive knowledge of both the interactive and land-based sectors. The company, which started operations in 2000, uses proprietary and dedicated software to monitor the business, and claims 500 international companies on its client list.
 
The number of online gambling websites has declined slightly since 2009, according to the statistical specialist, with fewer than 2 400 operational sites still active. H2 attributes this to not only weak economic conditions, but harder competition for business and industry consolidation in what it describes as a maturing market.
 
Positive regulatory changes in Europe, notably in Belgium, Denmark, Greece and Spain, would help the industry maintain double digit growth going forward, the researcher opines, noting that here could be more participation in the business by large, well-established land gambling corporates.
 
The rising appeal of mobile gambling is also flagged as an important driver of growth, with this trend is likely to continue in the years ahead.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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