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Social Gambling Good For Gaming Companines
Thursday May 23,2013 : GOOD NEWS FOR SOCIAL GAMBLING
Influential analysts name four major online gambling beneficiaries of a rising business
Business services and investments experts Morgan Stanley confirmed this week what online gambling executives have been saying for the past two or three years - online and mobile social gaming is good news for internet gambling companies with the know-how to exploit it.
Analysts at the firm have issued a research assessment estimating that social gaming revenues will rise from $1.7 billion to $2.5 billion by 2015...and could reach $7 billion in the same timeframe.
The report identifies four companies that are most likely to benefit from this boom from an internet gambling perspective - Zynga, Bwin.Party, 888 Holdings plc and IGT.
“Winners will be defined by scale, strong balance sheets, technology, marketing and regulatory skills,” the analysts opine.
Although IGT and especially 888 Holdings have been powering along recently, Bwin.Party and Zynga have been delivering disappointing numbers.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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