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Internet Gambling Yield Passes US$20bn: Online Gambling Shows Resilience in Face of Recession
CASTLETOWN, Isle of Man, March 9 /PRNewswire/ --
- GBGC Announces Release of New Interactive Gambling Report Monday 9
March 2009
The online gambling industry is very well-placed to be
resilient in the face of the continuing global recession argues Global
Betting and Gaming Consultants (GBGC) in its new Interactive Gambling Report.
The total global interactive gross gambling yield surpassed
US$ 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 new markets opening up over the next 18 months there is
certainly good reason for the sector to be optimistic about the future.
Notes to Editors
GBGC has established itself as the most credible specialist
international gambling consultancy in the world. The company has work 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 and Fortune magazine.
Contact:
Warwick Bartlett
GBGC
warwick@gbgc.com
Tel: +44-(0)1624-827-138
Mobile: +44-(0)7624-483-921
