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Global Online Gambling Market Grows 18 Percent

Written On  5/9/11 By Recentpoker.com staff writer Frank Polliern :

New survey shows that despite restrictions, the internet gambling industry continues to expand
 
A new survey by the Indian market research firm AM Mindpower Solutions observes that despite attempts to restrict or even ban the internet gambling industry, there was an 18.21 compound annual growth rate (CAGR) over the period 2002 - 2010.
 
The company specialises in providing industry research, company profiles, merger and acquisition studies, and private equity and venture capital deal directories to clients across a spectrum of global business areas.
 
In online gambling, Europe is now the global leader, the study reveals, with North America following, probably due to political and government interference in the business.
 
The report take an intensive look at the Asia-Pacific area in the land gambling sector, noting that there is strong potential in this geographic segment, with Macau outstripping expectations in its revenue growth.
 
"In 2009 Asian [land] casinos grew by 3.41 percent and showed further positive growth in the first half of 2010 of 2.88 percent compared to the same period last year," the study reveals.
 
"In China, sports lottery accounted for 41.88 percent of the total lottery market while the Welfare lottery contributed 58.44 percent.
 
"Rising income levels in the middle class with a growing trend toward women in the workplace is a driving factor for the casino and gaming industry in Asia-Pacific," the report claims, pointing out that the impact of the global recession was felt less in the Asian casino industry than elsewhere in the world.
 
Over the period 2004–2009, the overall global gambling industry recorded a CAGR of 3.58 percent, and experts predict that it will continue to grow at a CAGR of 3.91 percent from 2010–2015.
 
Spectacular results were recorded in Singapore land gambling, which grew casino revenues by 29.72 percent in 2010 compared to the previous year in a market expected to reach US$6.68 billion by 2015.
 
Annual lottery revenues in China expanded with a CAGR 27.38 percent from 2000-2010. In welfare lottery, computer ticket games account for 73 percent of total welfare lottery sales in a market that should reach an impressive US$ 46 billion by 2015, implying a CAGR of 11.06 percent from 2010.
 
Sales of computer ticket games are expected to grow by CAGR of 4.43 percent during 2008-2012.
 
Macau continued to provide the biggest draw card in the global business with casino growth at 56.5 percent in 2010 compared with 2009.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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