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Emerging trends in virtual betting

Thursday September 24,2015 : G.B.G.C. REPORTS ON EMERGING TRENDS IN VIRTUAL SPORTS BETTING.
 
Two new reports issued as part of the company's Global Gambling Report.
 
Isle of Man-based Global Betting and Gaming Consultants has produced two new reports investigating African sports betting and emerging trends in virtual betting as part of its latest Global Gambling Report research publication, now in its tenth edition.
 
GBGC CEO Warwick Bartlett said this week, “Tax and regulation have put pressure on operators’ profits in recent years so it has never been more important to seek out new sectors. We’ve always tried to take a comprehensive long-term view on the industry as a whole – but we understand that operators are looking for the most intriguing opportunities in the here and now. That’s what these two new reports are all about.”
 
The firm’s report on virtual betting examines the ways in which the simulated betting format – long derided as ‘cartoon betting’ – is on the rise. Improvements to graphics and new products offered by suppliers are slowly transforming virtual betting into a serious contributor to revenues, compounded by operators’ desires for stable margins and a longer “betting window”.
 
Meanwhile, GBGC’s report on Africa identifies cultural trends that are currently driving the continent’s emerging sports betting sector. Although the African betting market currently lags behind its European and Asian counterparts, there are several trends giving cause for growth: urbanisation, increasing stability and economic prosperity and a growing, young population.
 
Lorien Pilling, a director at GBGC, said: “Global suppliers have already seen the potential and are working with established operators in Africa, but now non-domestic operators are sensing that this might be a market to break into.”
 
Bartlett added: “Being properly informed is the best way to start, but looking at strategy, licensing, partnerships and individual business goals is the next step. These two reports on virtual betting and Africa will help spark ideas for new opportunities for betting firms looking to diversify and increase their revenues.”

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Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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