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
26/05/2010
WILLIAM Hill has submitted an application to Apple for a downloadable World Cup predictor ‘App’ which would allow cash bets, with arch rival Ladbrokes only weeks behind and Bwin also...
18/05/2010
INTRALOT egaming subsidiary Intralot Interactive is to launch casino games in Italy with Net Entertainment (NetEnt) and has pledged to seek further opportunities with NetEnt in other territories.
The company, which...
13/05/2010
FRANCE’s Constitutional Council, the highest constitutional authority in the country, has declared that new laws regulating online gaming are constitutional, paving the way for a French egaming licence system.
The decision...
14/05/2010
LADBROKES’ sportsbook move offshore is credited with a 41% year-on-year (YoY) rise in operating profit from its egaming division in the first four months of 2010, a company trading update revealed this morning.
The...
11/05/2010
888 and Microgaming are to launch a joint poker network for the soon-to-open French market, the first collaboration of its kind between online poker networks.
The joint venture will offer a shared...
06/05/2010
PartyGaming has struck its third business-to-business (B2B) deal in France in as many months, and has confirmed that it will apply for a French licence.
The latest deal will see Aviation Club de France, a land-based...
05/05/2010
Unibet has acquired a stake of just over a quarter of NASDAQ-listed Bingo.com in preparation for a potential opening of the US online gambling market.
The Swedish operator took a 25.9% stake in the business by...
29/04/2010
WILLIAM Hill has published its first quarter 2010 key performance indicators, with group net revenue up 1% and earnings before interest and tax (EBIT) up by 3% due largely to a surge in the bookmaker’s egaming division.
...22/04/2010
BET365 has the third fastest-growing profits of all private companies in Britain, according to the Sunday Times PricewaterhouseCoopers Profit Track 100 league table. The Stoke-based online gaming business grew profits by an...
19/04/2010
PARTYGAMING has signed its second business-to-business (B2B) deal in France, with an exclusive agreement to provide a white label online poker service for French TV broadcast giant AB Groupe.
AB Groupe has approximately 52 million paid...
14/04/2010
BWIN plans to enter up to four South American countries within the next two years and to re-enter the US market once egaming is legalised there, co-chief executive Norbert Teufelberger told Austrian newspaper Kurier yesterday...
14/04/2010
BETFAIR has hired Morgan Stanley director Mark Brooker as head of strategy, the first of a series of hires to prepare the British betting exchange for flotation.
The company confirmed Brooker’s hire but refused to comment...
FRANCE’S National Assembly has voted in favour of a bill to legalise online gambling, all but officially opening up the French market to international operators.
The bill, which passed a first reading by the Senate in February, remains only to be approved by the European...
March 11, 2010: PokerStars.com announces another record-breaking event, the World’s ‘Largest’ Poker game played by members of the England Rugby Team.
PokerStars, an Official Partner of the England Rugby team, has already broken records for the ‘World’s Largest Online Poker...
