Online Casino News From Around the Globe

Caesars Says Online Gambling Could Hurt Their Overall Earnings

The issue of legalizing online gambling in the U.S. is highly controversial and there are almost daily developments which could affect further expansion. While currently only three U.S. states have officially launched real money online gambling, the general consensus is that others will follow. Many critics like the gambling mogul Sheldon Adelson have gone against their very own industry by saying that many casino patrons will simply opt for the convenient choice of sitting at home or using their mobile device to gamble online. The effort it takes to physically visit the brick and mortar casinos make online gambling a preferred choice for many which could lead to what many term as “self-cannibalization” of the casino industry. In a report from the Associated Press there is yet more confusion on the topic and it comes from the world’s largest casino company Caesars Entertainment. In a report filed with securities regulators on Wednesday, Caesars stated that online gambling could well reduce the amount of patrons who visit their casinos in New Jersey and Nevada and harm the company’s bottom line. Responding to this report a spokesman for Caesars did dome backtracking and said that they (Caesars) had to for legal reasons include this possibility in their filing with securities regulators regardless of the actual risk involved. Whichever version you choose to believe, this type of uncertainty amongst casino operators only fuels the claims made by opponents to online gambling that much stronger. If the gambling industry can not get its ducks in a row how can it expect to present a uniform front when lobbying for legalized online...

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Mobile Gambling Set To Reach 164 Million Users By 2018

Mobile gambling apps like the WSOP.com we reported on are the future for the online gambling industry. With smartphones and tablets fast replacing Computers as our primary online devices more and more gambling companies are shifting their focus manly towards this growing marker. According to a report from Juniper Research the number of consumers who will use portable devices for online gambling will reach 164 million by the year 2018. With smartphones becoming the standard the report expects a whopping increase of 100 million subscribers in the next five years who will utilize their mobile devise for everything from lottery tickets to traditional gambling games. PC’s are becoming if not already antiquated technology and even seem cumbersome to most of us. It is no surprise that their sales have dropped sharply in favor of high quality and affordable tablet devices. Siân Rowlands who compiled the Juniper Research report stated,” As a result of this, gambling operators have been required to shift the nature of their organization away from ‘legacy’ services such as telephone betting towards becoming a more mobile-oriented company, with the aim of achieving over half of their online revenues from mobile in the next 1-3 years,” With the U.S. online gambling market growing by the minute it comes as no surprise that casinos are putting out mobile gambling apps as one of their first steps to attract consumers who are embracing the convenience of portable online devices that have become an accessory that we don’t leave home...

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Betfair Eyeing U.S. and Italy For Growth Opportunities

We reported on Betfair’s radical restructuring process which is aimed at focusing on well regulated markets while abandoning struggling one’s. This “lean and mean” approach to regain their focus has drawn criticism especially towards the chief executive Breon Corcoran. However it seems that this risky strategy is showing signs of success as Betfair released their figure in the six months to the end of October. While revenues fell 6% to $308 million, underlying earnings  before tax depreciation and amortization (EBITDA) rose by 16% to 48.9 million pounds which was above analyst’s forecasts. Betfair are focusing on expanding their business in the United States and Italy and have pulled out of struggling markets like Germany and Greece. Corcoran has his eyes set on expanding Betfair’s conventional sports book betting in order to appeal to mainstream gamblers who wager with their rivals William Hill and Paddy Power. Corcoran was pleased with their performance and progress,” Betfair has continued to make progress against the strategic objectives we set out in December 2012 and has delivered a good first half performance. Our focus on regulated jurisdictions and Sportsbook-led acquisition continues to be successful.” Betfair’s share price reacted positively on the earnings report and rose 1.3% in early trading to be around 1.043 pence. It remains to be seen if they can return their share price to the 13 pound level reached three years...

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WSOP.com Launches Real Money Poker App In New Jersey

With real money online gambling in full swing in New Jersey, players now have the chance to enjoy WSOP’s online poker app for iOS devices. The partnership between 888 Poker and WSOP now mean that all you iPad and iPhone users get the opportunity to play real money online poker from your mobile devices. The app is available from the App Store free of charge. On the WSOP.com website there are also some good offers like that from Harrah’s Resort. They are giving a free $10 credit to anyone opening up an account as well as an entry into a $250,000 freeroll set take place in January. WSOP have gone out of their way to attract as many online poker fans to sign up with promotions like that of Harrah’s which do not require any deposit. All you need to do is to sign up and you get to enjoy free cash. New Jersey is seen as the largest market opened so far in the U.S. with expected revenues way exceeding those of the other two states of Nevada and Delaware who make up the trio of real money gambling...

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Macau Revenues Increase By 21 Percent In November

The world’s largest gambling hub Macau continues to exceed analysts’ expectations with record breaking revenues being reached. Gambling revenues jumped by 21.3% on year in November with an increase in high spenders due to sporting events like international boxing and a Grand Prix. Macau has seen a meteoric rise in its economy is due largely to the 35 casinos operating and even more on the way. While gambling is the core revenue source for Macau, there is growing pressure from Mainland China for them to include alternative leisure and tourism ventures besides gambling. As we reported Macau’s growth is so rapid that there are shortages of hotel rooms to cater for all the gamblers looking to play. The latest revenues of $3.78 billion are the fourth highest this year and exceed the 20 percent growth rate forecast by analysts. Events lie the annual street race and boxing match with Filipino icon Manny Pacquiao and Sheldon Adelson’s Venetian resort are seen as vital to attract even more visitors to Macau. Work is underway to increase Macau’s infrastructure which would see even bigger increases to the economy. These include an expansion of ferry terminals and the international airport. There is also plans to open a bridge in 2016 that would join Macau to the Chinese city of...

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