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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.”
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
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888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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