Growing Eastern European Gambling Market Offers Opportunities
The emerging gambling markets of Eastern Europe are attracting interest from both land-based and Internet operators and, despite the economic crisis, the region holds interesting potential according to a new report published by Global Betting & Gaming Consultants (GBGC).
The gaming industry as a whole was still showing growth in 2008 in many of the 17 individual gambling markets covered in GBGC’ report, suggesting the Eastern European gambling markets are not yet in recession.
There is a strong propensity to gamble amongst many populations in Eastern Europe. Croatia has 562 betting shops per million people, four times greater than the UK!
Internet gambling is also offering increasing opportunities in Eastern Europe, with the likes of the Czech Republic, Slovakia, and Slovenia embracing the online gambling revolution by allowing operators other than the state lottery to hold licences. Bulgaria and Croatia are scheduled to follow suit with new legislation later in 2009.
It would seem that the current economic crisis is causing governments to take a fresh look at gambling as a means of generating tax revenues.
Membership of the EU has benefited the economies and living standards of many Eastern European countries and operators cannot afford to ignore the opportunities that exist in the region’ respective gambling markets.
Contact
Warwick Bartlett – GBGC
Contact: warwick@gbgc.com
Tel: +44 (0) 1624 827 138
Mobile: +44 (0) 7624 483 921
Notes for editors
GBGC has established itself as the most credible specialist international gambling consultancy in the world. The company has worked with or supplied information to over 400 clients the majority of whom are ‘blue chip’.
In addition to its consultancy GBGC has produced four reviews of the global gambling market that have been widely acknowledged to be the best available both in terms of both their detail and accuracy. The latest review published October 2008 extends to over 1000 pages.
The statistics and forecasts that are contained within the Global Gambling Report have become widely recognised, within the industry, the financial community and the media, as the industry standard for sizing both the online and offline gambling markets. Consequently GBGC are the most widely quoted source of industry data in share prospectuses and analysts’ notes as well as on TV/Radio and in publications as diverse as the Financial Times, Forbes, Time Magazine, BBC Radio 4, BBC Breakfast, ITN news, the Economist, the Telegraph and Fortune magazine.