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Online Gambling Still Growing
Monday September 21,2015 : DIGITAL CHANNELS GAINING GROUND IN GAMBLING
Projections all point to continued growth.
Online gambling in general, and mobile gambling in particular, continues to exhibit impressive growth both in Europe and globally, according to a report on the Economic Voice blog this week.
Online channels contributed $33.8 billion to the overall global gambling industry in 2012, representing just eight percent of world gambling net revenue estimated at $417 billion, and the publication points out that growth in online activity (including mobile) has surged since then.
More recent figures from the European Commission suggest that the gambling market in the European Union is currently around Euro 84.9 billion with growth near 3 percent annually, and approximately 6.8 million online gambling punters active. Annual online revenues in 2015 are expected to top Euro 13 billion, a steady growth from 2012's Euro 10 billion, which at that time constituted 12 percent of the total European market.
The United Kingdom is widely regarded as one of the most active and developed environments in regulated gambling with an estimated growth rate of 12 percent. 2014 projections by Mintel and Deloittes analysts indicated that the UK market could reach total consumer expenditure of nearly GBP 4.4 billion by 2018, led by the popular sports betting vertical.
In this growing business, tablets and smartphones are increasingly gaining traction as betting and financial transaction technology improves, giving on-the-move punters more convenience, information, variety and immediacy than retail outlets.
The 2014 Global Online Gambling & Betting Market study predicted that mobile gambling will grow at double-digit rates and reach over 40 percent of the total online gambling market by 2018, and major company results tend to confirm that mobile channel contributions to revenues are on the rise.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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