The Online Gaming Industry
The Company only works in markets where online gaming is legal, or where regulatory legislation of online gaming is imminent. Online gaming is legal in the UK, and France, Italy and Spain are in various stages of introducing legislature to regulate online gaming. The Company believes that the remaining 23 European Union Countries will follow this pattern and legislate online gaming in order to avoid being in default of free trade rules, and to reap the tax benefits. Various Countries such as South Africa have already legalized online gaming, and other Latin and Pan-Asian countries are expected to announce similar intentions in the near future. The Company’s development and expansion plans will follow the countries embracing online gaming regulation.
A recent PriceWaterhouse Coopers report estimated that the EMEA (Europe, Middle East and Asia) will continue to host the lion’s share of the world’s legal online gaming revenues, growing at an annual compound rate of 10.9% through to 2012, reaching US $6.2 Billion. The UK alone had online gaming revenues of US$2.3 billion in 2007, making it the world’s largest legal market. Global online gaming revenues are expected to grow at a compound annual rate of 13.5% through to 2012.
Industry News Articles
February 3, 2010
PartyGaming Plc
(“PartyGaming” or the “Company” and, together with its subsidiaries, the “Group”)
...
By London Bureau
Jan. 24, 2010, 12:22 p.m. EST
LONDON (MarketWatch) -- Online gaming exchange Betfair has selected two investment banks to advise on a possible GBP1.5 billion stock-market flotation, reports the Sunday Times newspaper, without citing...
Live betting boosts revenues
Veteran online gambling group Sportingbet plc had good news for investors this week, posting a first-quarter profit up 56 percent as it added more sports bettors.
Net income was GBP 6.1 million in the quarter ended October 31st,...
Bonnier chief: we will be as big as Expekt, Unibet
BONNIER GAMING WILL BECOME as big as Expekt or Unibet via an major growth campaign to begin early next year, the Swedish operator’s chief executive has pledged.
Speaking in an interview to appear in the...
Sports betting sees Bwin profit surge 75% at Q3
BWIN'S PROFIT IS UP 75% on the previous year, the company’s third quarter results have revealed.
The business recorded a 75% year-on-year (YoY) increase in third-quarter EBITDA to €16.8m, from €9.6m for equivalent...
Paddy Power entering French betting market
Ireland's largest bookmaker, Paddy Power, has announced its entry into the French online sportsbetting market through an outsourcing contract with horseracing monopoly Pari Mutual Urbain (PMU).
PMU is expanding into the...
BETFAIR HAS SIGNED a deal with the New York Racing Association (NYRA) to allow common-pool pari-mutuel wagering on its races to Betfair customers outside the US, Betfair’s second major common pools tie since signing with the US Breeders’ Cup last week.
The British betting...
Football bad breaks hit Unibet third quarter
UNIBET HAS NOT ESCAPED the run of unfavourable football results that has hit competitors, revealing a 22% year-on-year fall in third-quarter pre-tax profit to £3.5m, from £4.5m for the same period last year.
As...
Betfair to Stream Breeders
The 'wagering agreement' should swell 'common pool' betting on the Cup races from around the world, and in particular from Europe.
Over $17m was pumped into US pools from abroad at last year's Cup meeting, but with Betfair promoting the...
William Hill Book Passage to India
A total of thirteen companies, including local operators, are vying for three licences in the Himalayan state of Sikkim and a decision is expected in two weeks, which should allow operators time to have services ready for the 2010 World Cup...
Lifting of Oz egaming ban set to spur further growth
The Australian market looks set for significant expansion after the government’s independent advisory body on gambling policy recommended lifting the country’s eight-year-old online gaming ban.
The Productivity...
William Hill rev down after freak football results
THE NET EFFECT of the William Hill Online-Playtech deal was not strong enough to offset a run of unfavourable football and racing results for William Hill, which unveiled a 3% year-on-year fall in third-quarter net revenue...
French Market to be worth 1.7 Billion Euros by 2015
A new report from consulting firm MECN and law specialist Ulys is predicting that gross revenues from a liberalised French online betting and poker markets could grow to €1.7 billion by 2015.
The report will...
Webis profits from Betinternet performance
A strong peformance from its Betinternet sportsbook helped Webis Holdings post a 20% year-on-year increase in turnover to £140m for the year ended 31 May 2009, from £117m the previous year.
The group also broke back into...
BWIN to Purchase Gioco Digitale
Leading online betting and gaming provider BWIN Interactive Entertainment AG has announced its intention to purchase Italy’s Gioco Digitale SpA.
Bwin stated last quarter that it was planning to expand its Italian poker, casino and...
