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Online gambling globally is steadily growing
Thursday September 17,2015 : ONLINE GAMBLING CONTINUES TO GROW
More regulation, and mobile channels increasingly used by punters.
The latest research findings of Hamburg-based business intelligence company yStats.com indicate that online gambling globally is steadily growing, with increased use of mobile devices by punters, and that more governments are moving to regulate the practice.
The report confirms that consolidation is taking place in a business sense.
In its report for 2015 the company notes that the global market for online gambling is forecasted to maintain one-digit growth rates over the next four years, and is expected to reach a medium-high, double-digit number in billion Euros revenue.
The performance of the leading global companies in the online gambling and betting segment varied last year, with William Hill and Paddy Power showing growth rates in online net revenues of close to +20 percent, while Betfair showed only moderate growth.
Europe was the largest online gambling market in the world, owing to a large number of countries with established regulations in this region. This number is set to increase, as countries like the Netherlands adopt new online gambling regulations, seeking additional tax revenues. Across the UK, France and Spain, betting, in particular sports betting, was the largest segment of the online gambling market in 2014, while in Italy it was outperformed by casino games.
In Germany, the co-existence of separate gambling regimes in the state of Schleswig-Holstein and the rest of the country was upheld by the European Court of Justice in 2014, whilst in Russia online gambling remained illegal, but a separate regime is being formed for online betting under a self-regulatory organisation, and the nature of online poker is being debated.
In the Asia-Pacific region, some governments have gone to considerable lengths to limit online gambling. In Singapore, all forms of remote gambling were forbidden under new regulations in 2015, and in China and South Korea, a number of organisers of illegal online gambling websites were arrested.
In Australia, where the regime is more liberal, foreign companies are particularly attracted by the interactive betting sector and a pronounced betting culture, but a review of the Act is now in progress.
In the USA, of the three states allowing online gambling, New Jersey generated by far the largest revenues in 2014. More states are expected to adopt rules concerning online gambling as revenues continue to grow, though at a somewhat more moderate level than was forecasted a year ago.
In Mexico, a new bill was put forward in the legislature to regulate online gambling, and the indications are that it will be successful.
South Africa, regional leader in land-based gambling revenues, announced in early 2015 that it had no plans to legalise online gambling despite calls to do so.
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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.
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 -
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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
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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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