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Online Gambling Growing twice as fast as land based

Thursday September 26,2013 : ONLINE GAMING GROWING  ALMOST TWICE AS FAST AS LAND GAMBLING
 
Last year land gambling revenues grew 3.1 percent; online gambling revenues were up 7.2 percent.
 
Online gambling and betting is a big and growing global business, with Euro 25 billion in gross win generated last year, claims a new study from consultants and gaming research specialist H2 Gambling Capital.
 
And growth in the international online gambling sector in 2012 outstripped that of the bricks and mortar industry, with online gross win up 7.2 percent vs. the land industry's 3.1 percent.
 
Nevertheless, e-gaming still comprises just 8 percent of the total global gambling market, giving room for expansion, with H2 predicting it will command 11.1 percent of the international overall market by 2018.
 
Due to the legal constraints in the United States, and a more progressive and modern approach to the online gambling environment in Europe, interactive gambling has a penetration rate of 12.6 percent in Europe vs. 4.4 percent in North America (including Canada).
 
That gap will likely narrow in the future as US state-by-state legalisation gathers momentum.
 
Growth in the global online sector for 2013 is likely to reach 7.9 percent and continue growing at a CAGR (compound annual growth rate) of 9.3 percent, reaching Euro 42.9 billion p.a. by 2018, H2 notes.
 
In terms of global market share in online gambling, Europe leads on 46 percent, followed by Asia-Pacific on 28 percent and North America on 17 percent. However, that will be subject to change as the United States market advances on the back of legalisation.
 
Researchers found that sports betting is the most popular sector with the online gambling sector, accounting for 46 percent of gross win in 2012, driven principally by mobile and in-play wagering.
 
Online casino action is a distant second at 17 percent, with live dealer activity giving added impetus, and online poker continues to decline at just 13 percent...again that could be beneficially impacted by US developments.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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