No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Demand for online gambling in Australia is slowing growth in racing and sports betting
Monday November 10,2014 PREFERENCE FOR ONLINE GAMBLING IMPACTS AUSTRALIAN INDUSTRY
New study shows that demand for online gambling in Australia is slowing growth in racing and sports betting.
A new study of the Australian gambling market by IBISWorld shows that online gambling may be impacting the growth rate of traditional betting on sports and racing.
Revenue growth in Australia’s horse and retail sports betting industry in the five years through to 2014-2015 has been at a compound average annual rate of 2 percent, reaching $3.6 billion, indicating that growth in these sectors is slowing.
The study attributes some of that slowdown to the growing popularity of online casino gambling and electronic gaming machines, which have been claiming more of the punter's discretionary incomes, IBIS notes.
That said, sports betting may be relatively small, but it remains the fastest growing vertical in the Australian industry.
IBISWorld analyst Spencer Little said in a statement reporting on the new study that the growth in sports betting has been at the expense of on-course totalisators at horse races.
“Consolidation has also occurred over the past five years, as several larger companies have increased revenue and market share concentration through the acquisition of smaller betting firms,” he said.
Little opined that the Australian industry will continue to grow over the next five years, but he predicted that traditional TAB outlets are likely to encounter significant competition as a result of the popularity, accessibility and user-friendliness of online and smartphone betting services.
He said that he expected revenue generated from wagers placed on horse and harness races would also continue to sink as betting on sporting matches gains further ground and is heavily promoted.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.