Rumours are floating around that Google could become the next operator of an online gambling domain. The search engine giant is reportedly interested in purchasing bwin.party before the online gambling firm is scheduled to go live with internet casino games in New Jersey by the end of November. However, industry analysts dismiss the speculation as nothing but rumours...(more)
CIE & 888 have partnered on the project to launch WSOP.com, an online poker site leveraging the prestigious World Series of Poker brand owned by CIE...(more)
New numbers on global casino revenues
A new study by researcher Companies and Markets.com predicts that the global casino gaming industry will achieve a compound annual growth rate (CAGR) in revenues of around 9.2 percent per annum, with the fastest growth coming from Asia Pacific (18.3 percent) and Latin America (8.1 percent).
The US market is expected to grow at 5 percent per annum, and the majority of the growth is expected from regional casinos, while Nevada is expected to grow slower than the overall US market.
The study estimates global revenues will reach GBP110 billion (US$174 billion) by 2018...(more)
A new study by researcher Companies and Markets.com predicts that the global casino gaming industry will achieve a compound annual growth rate (CAGR) in revenues of around 9.2 percent per annum, with the fastest growth coming from Asia Pacific (18.3 percent) and Latin America (8.1 percent).
The US market is expected to grow at 5 percent per annum, and the majority of the growth is expected from regional casinos, while Nevada is expected to grow slower than the overall US market.
The study estimates global revenues will reach GBP110 billion (US$174 billion) by 2018...(more)
Due to the advancement in internet technology, mobile gadgets are now seen as the next wave of internet usage. Everything from tablets to smartphones are being used for the same purposes as computers – catch up on the news, enjoy a little retail therapy, and look up recipes. But now the online casino industry has taken hold and is very interested to see what a mobile casinos and gadgets can offer them. Currently, many mobile technology providers, like Apple and Android, provide mobile software enabling anyone anywhere to enjoy online casino games...(more)
As a result, hundreds of Zynga employees have been laid off, Pincus has been replaced as CEO, and three top executives have recently been tossed out. The new CEO, Don Mattrick, told investors on the company's most recent earnings call to expect "two to four quarters of volatility." In other words, the company has a rocky short-term future ahead of it...(more)
VideoPoker.com Exceeds 300,000 Members
VideoPoker.com, a free to play, non-wagering site, and the number one destination for all things video poker, today announced that more than 300,000 video poker enthusiasts have registered as members on its flagship site...(more)
"Changing an industry label from gambling to gaming affects what consumers, especially non-users, think of betting online," write authors Ashlee Humphreys (Kellogg School of Management, Northwestern University) and Kathryn A. LaTour (Cornell University). "A label like gaming prompts all sorts of implicit associations like entertainment and fun, while a label like gambling can prompt seedier implicit associations like crime."...(more)
Many industry veterans were of the mind that the state who managed to be first out of the gate would enjoy a first-to-market status that would allow it to become the hub of U.S. online gambling. The theory was that other states would pattern or copy that first state’s legislative and licensing efforts and be inclined to accept whatever compact stipulations the first state had cooked up.
Nevada won the race, but the repeated delays in licensing and software testing are jeopardizing the Silver State’s first mover status. New Jersey and Delaware are aiming to rollout their respective online gambling regimes very soon and may wind up making Nevada look bad in the process...(more)
Nevada won the race, but the repeated delays in licensing and software testing are jeopardizing the Silver State’s first mover status. New Jersey and Delaware are aiming to rollout their respective online gambling regimes very soon and may wind up making Nevada look bad in the process...(more)
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