Gambling.com sees industry consolidation as prelude to further rapid growth
Gambling.com, the leading online gaming information portal, believes the current wave of industry consolidation will lead to very strong growth in the gambling industry in general and to online gambling in particular."According to recent industry research carried out, back in 2004, there were nine major consolidation deals worth more than £200 million for the online casino industry. In 2005, the number of deals soared to 32, with a value of around £3 billion.” Said Mr Rosenberg, CEO of search Focus Ltd, provider of the leading gambling information website gambling.com.In the past few months the pace of deal making in the industry as a whole has intensified. Examples include Harrah’s, the largest gambling conglomerate in the world, agreeing to a $27.8 billion buyout to take it private; Las Vegas Sands and Cantor Gaming forming a partnership to start an online casino in the first quarter of 2007, and Bet365.com merging with Bowman’s."These major players are building the base for rapid growth, especially online."A recent report by a leading investment found that online gambling is now the fastest growing segment of Internet commerce. Revenue in the sector was estimated to be growing at 22 a year, according to a Merrill Lynch study that concluded the global Internet gaming market could reach a massive $528 billion annually by 2015.The extent of the growth can be judged by the fact that the market as a whole is estimated by most analysts to be between $12 billion and $30 billion a year at the moment, accounting for only about 3 of the global gambling market.There will be strong growth in international markets, regardless of the setback caused by the Unlawful Internet Gambling Enforcement Act passed by the US Congress last summer, as major Asian markets, particularly China, mature.But even in more traditional markets growth will be strong, Mr Rosenberg said.A recent study predicted the UK's online casino gambling industry will have almost tripled its annual revenue by 2010. And over the next four years it is estimated online gambling will surge at an even faster rate as a result of the soon-to-be enacted UK Gambling bill.The number of UK occasions that players took part in online casino gambling in 2005 was 1.1 billion, which the study predicts will nearly double to 2.2 billion by 2010 (a 25 yearly increase).
About the Author
Internet Marketing Manager Visit their website at: http://www.gambling.com
Tell others about
this page:
Comments? Questions? Email Here