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Remote Gambling Association Bullish On Internet Gambling

The chief executive officer of the UK-based Remote Gambling Association, Clive Hawkswood, was in bullish mood during an interview this week with the Reuters news agency, predicting that European gambling groups should return an average growth of ten percent in 2009. 
 
Hawkswood's view was preceded earlier in the week by the projections of the respected Global Betting and Gaming Consultants company, which revealed that online gambling gross gambling yield passed the $20 million benchmark in 2008 and that a resilient industry continues to perform strongly going into 2009. davincis gold
 
The Remote Gambling Association is a good barometer of the Internet gambling market in Europe, comprised as it is of leading European gambling groups handling much of the Internet business in the region.
 
Hawkswood told Reuters that Europe's online gambling groups should buck the economic downturn with around 10 percent growth in revenues this year. "The online betting market is coping very well with the slowdown and is bucking the trend," he said. "The main thing that we still have going for us is that our markets are still growing and our markets are very diverse."
 
Last month, Britain's top two bookmakers Ladbrokes and William Hill both posted a rise in profits, and the latter has made no secret of its intention to ramp up Internet activity. Paddy Power similarly announced that Internet revenues had made up 70 percent of its operating profit.
 
Hawkswood said his members, which also include Unibet, 888.com and Paddy Power, were not completely immune from the worst financial crisis in nearly 80 years and were making adjustments to their businesses.
 
"Projections from 12 months to 18 months ago are certainly not the same, but if you compare this to other industries, the online gambling industry can still expect to do very well," Hawkswood said. "I would expect to see growth for the industry of around 10 percent this year."
 
The executive said that many punters are switching to the Internet, forcing traditional high street betting shops to close. "There is a general trend of moving from traditional outlets to online operators. Online betting has less overheads and costs for both the operator and consumer," Hawkswood continued, citing the convenience of the Internet as an important advantage.
 
Forecasting that the online gambling industry should maintain its resilience as the impact of the recession spreads into the real economy, Hawkswood concluded: "Betting is not an expensive hobby. Stakes are small and affordable. People will continue to have a flutter even when times are tough."



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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