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Online Poker Decline 1.3 percent in Q1-2016

Saturday April 9,2016 :  ONLINE POKER STRUGGLED IN Q1-2016
 
Latest Pokerscout quarterly flags a continuing decline at 1.3 percent.
 
The independent online poker monitor Pokerscout's latest Q1-2016 assessment of global online poker traffic shows a further 1.3 percent quarter-on-quarter decline, perpetuating the steady negative trend that has prevailed for the past three years.
 
The monitor's recorded numbers show that seven day occupied seat average numbers have declined from 56,768 in 2013 to 38,464 currently - an aggregate reduction over the three years of 32.24 percent.
 
Possible reasons for the decline range from new regulation and tax burdens to the plethora of alternative gambling verticals luring poker players into other offers due to the ease of access which technology improvements have made possible.
 
Poker operators are fighting the downward trend with more diverse products, reward programs and promotions, and realigning their targets with the recreational as opposed to professional player
 
Among the successful networks that have been reversing the downswing is Microgaming's MPN which through a combination of the above strategies and the recruitment of new operators like PKR has achieved a 32 percent traffic improvement in the first quarter of 2016, Pokerscout notes.
 
Operators who intend to remain successful in the poker business - especially with the emerging millennials demographic - will need to keep an open mind on diversification and certainly creative thinking and innovation in the months and years ahead.

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Gambling News :

888poker in deal with Flow Esports - A statement from 888 said it was only a matter of time before the company joined forces with Flow Esports, which is headed by Daniel Märkisch and includes Hearthstone professionals Tobias Graap, Vetle Stubberud and Johannes Steindl.

Oryx Gaming launches 2 Christmas slots - Oryx Gaming has announced the launch of its new festive season online slot, titled Fairytale Forest Quik and Golden 7 Christmas.

Colorado Racing Commission Approves Mile High DFS - Mile High Racing and Entertainment (MHRE) announced Tuesday that the Colorado Racing Commission has approved its daily fantasy sports activity allowing MHRE to offer fantasy sports contests in nine Colorado locations.

Major Amaya Investors Critical of David Baazov Offer - David Baazov's intriguing attempt to acquire the Amaya Group may have been complicated by the leak of a highly critical letter from major shareholder Jason Ader's SpringOwl Asset Management.

Online Gambling Making Strong Contributions to Manila - 269 iGaming licenses were issued in 2015, along with slightly more remote gaming licenses at 88, the minister reported.

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

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