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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.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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