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Evidence That Online Gambling Not A Threat To Land Based Ones
Friday March 21,2014 : MORE EVIDENCE THAT ONLINE GAMBLING NOT A THREAT TO BRICK AND MORTAR COMPANIES
Growing body of empirical evidence that online gambling complements, not cannibalises.
Fears in more conservative quarters in the United States that online gambling will take business away from traditional land-based casinos are gradually being assuaged as increasing numbers of experienced gaming executives provide empirical evidence to the contrary.
Joining senior executives from Boyd Gaming, Caesars Interactive Entertainment, Borgata, the American Gaming Association, Genting's UK group, and seasoned regulators like former Nevada Gaming Control Board chairman Mark Lipparelli this week was Chris Sheffield, managing director of Betfred, who said that there has been no evidence of business cannibalisation between online and the company's widespread UK offline gaming network.
Speaking at the iGaming North America conference, Sheffield said that he sees no cannibalisation between online and offline gaming in the nation-wide operations of his company, which operates 1,378 store locations and the Tote in the United Kingdom, along with an online casino, sportsbook and poker site.
Recent Gambling News :
Mybet has posted its 2014 FY report -
The online gambling group Mybet has posted its 2014 FY report, noting that a strong performance from the sports betting division was an important contributor to a successful year.
Betvictor Renews MediaLive Contract -
BetVictor management is clearly happy with the live dealer services of Malta-based supplier MediaLive; this week it renewed its three year contract with the company.
Oren Shwartz Joins Everymatrix team -
Oren Shwartz, a fifteen year industry veteran and head of online operations for William Hill Online, has left the company to join gaming services provider EveryMatrix as VP for product development.
Reindeer Wild Wins Slot Launches -
Genesis Gaming has released its latest online video slot, titled Reindeer Wild Wins, a 5 reel, 1,024 Ways-to-Win with a Nordic theme that takes players on a hunting adventure.
Hungary issues 82 directives against illegal gambling operators -
The National Tax and Customs Authority in Hungary has issued directives against 82 allegedly illegal online gambling operators, requiring the Hungarian media authority NMHH to ISP-block their websites; however thus far only 17 sites have been blocked, the daily newspaper Világgazdaság reports.
Massive Online Gambling Bust in China -
Police in the coastal Chinese province of Guangdong have announced the successful conclusion of a major anti-online gambling operation in which 1,071 people were detained, 40 servers and computers were seized, and bank cards and deposit books taken into custody as evidence.
Macau Gambling revenues drop 39 percent in March -
Gambling revenue in Macau plunged another 39 percent in March, the tenth consecutive monthly fall, as Chinese mainland high rollers remained cautious due to the crackdown on extravagance and corruption by the Chinese central government.
Safecharge to spend up to $100 million on acquisitions -
Online gambling entrepreneur Teddy Sagi has big plans for his newest venture, online payment service provider SafeCharge, which has announced that it plans to make an acquisition of $100 million or more this year to expand its client base, and if necessary will raise money to do so.
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