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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."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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