Internet Gambling Yield Passes US$20bn
Online Gambling Shows Resilience in face of Recession
GBGC announces release of new Interactive Gambling Report
Embargo Monday 9 March 2009
The online gambling industry is very well-placed to be resilient in the face of the continuing global recession argues Global Betting and Gaming Consultants (GBGC) in its new Interactive Gambling Report.
The total interactive gross gambling yield surpassed US$ 20bn for 2008 in what proved to be a good year overall for the interactive gambling industry.
Internet gambling will benefit from changing consumer behaviour as their spending patterns react to the economic circumstances.
“Staying in” has become the new “going out” as consumers look to save money on their entertainment. Online gambling is perfectly placed to take advantage of this new trend and can also offer the convenience, variety, and the value for money that consumers are now making their priority.
With the events surrounding UIGEA in the United States in 2006, the online gambling industry has shown too that it has both the flexibility and the innovation to react quickly.
2009 has started positively for many online operators and with the prospect of Congressman Barney Frank introducing new Internet gambling legislation in the USA and France intending to open it’ own gambling market to competition. There is certainly good reason for the sector to be optimistic about the future.
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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 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.