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ONLINE GAMBLING MARKET WORTH US$125 BILLION BY 2015
2004-May-12:
A new industry report released by the Research and Markets Group (RMG) titled ‘The Online Gambling Market Research Handbook’ cites that revenues from this fast growing industry has the potential to dwarf those of other Internet services market pegged at US$700 billion in Europe and the US alone.
The findings, which provides a profile analysis of over 70 key players, and a future market outlook claims to be ‘the most comprehensive resource for online gambling business market data available from any source’.RMG points out that earlier studies by the Angus Reid Group represents only 39 percent of more than 275 million Internet users worldwide, which undermines the market’s true potential. With the average online casino keeping about 75 percent of the money deposited in totally, Bear Stearns, an analyst firm estimates the business to touch US$125 billion by 2015.
The handbook, which is targeted at executives in all segments of the online casino and gaming business promises to provide an expanded understanding of the online gambling industry. An analysis is provided for the major industry sectors, including current and expected market opportunities. Market data is presented for the online jurisdictions along with discussions relating to activities and opportunities.
igamingbusiness.comSource: © igamingbusiness.com
:rolleyes:Did you read this excerpt that was buried in the footnotes?
‘According to industry experts, the industry will further consolidate with over 80% of casinos folding, and most affiliates unable to compete.
The industry will be dominated by giants. Predicted to own at least a 10% market share is Casino On Net, also known as 888 casino. William Hill & Intercasino will also probably survive. But the biggest winner will be the portal http://www.casinoranking.com which will have an estimated 80% marketshare of this 125 billion dollar industry.’
very funny Antoine
:rollover: :rollover: :rollover:
I would be happy with 1/10 of 1% market share.
Antoine-
When do you plan to have an IPO for CasinoRanking?
‘When do you plan to have an IPO for CasinoRanking?’
I might just wait for a while. What I’ve learned from google is that the best time to do an IPO is when you’ve experienced maximum market growth.
