Elray Resources Inc (ELRA)

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Online gambling growing steadily across the globe
Jun 10, 2015 Ian Palmer
The latest Global Online Gambling and Betting Market 2015 report released in Hamburg, Germany shows steady a increase in online gambling as more and more governments are regulating the industry. The report also stated that mobile gambling is also on the rise as many bettors are making their wagers via handheld devices such as cell phones and tablets. According to the new findings, the forecast for online gambling is favorable as it’s expected to continue growing globally over the next four years and will eventually hit revenues of at least $10 billion.

It shouldn’t come as a surprise that mobile access to online gambling has risen steadily since some people appear to be on their devices 24 hours a day. This of course increases the overall revenue to gambling sites as customers can access the internet from just about any remote location in the world at any time of the day and night. In addition, some of the richest online gaming businesses are now eliminating the competition by acquiring them. One such instance was the acquisition of Full Tilt Poker and Poker stars by the Amaya Gaming Group of Canada.

However, it’s not all roses for every online gambling company. Some of them such as Ireland’s Paddy Power and Britain’s William Hill saw their revenues increase by about 20 per cent last year while Britain’s Betfair showed little increase and Gibraltar-based Bwin.Party saw their profits dwindle. The report confirmed that Europe leads the way when it comes to online gambling since there are several nations which have legalized it and are regulating it. The number of countries which allow legalized online gaming is also expected to rise as Holland is about to join the group.

Sports betting leads the way overall in the online market in nations such as Spain, France and Britain, but casino games are king of the hill in Italy. Online gambling is still illegal In Russia, but the country is considering online poker and parts of the nation may soon be allowed to enjoy regulated online gaming options. In the Asia-Pacific region, Singapore has banned remote gambling and several South Korean and Chinese websites have been shut down by the authorities. However, down under in Australia, online wagering is legal and quite popular, especially with foreign companies.

Over in America, there are just three states which allow online gaming, which are New Jersey, Delaware and Nevada. New Jersey leads the way in revenues and it’s expected that more states will soon legalize and regulate online wagering. Mexico and Brazil are still debating internet gambling, but bills have already been introduced. Meanwhile over in Africa, South Africa is a hotspot for land-based casino gambling, but the nation doesn’t plan on legalizing the internet option anytime soon.

Overall, the most liberal areas of the world in regards to online gambling are certainly Western Europe and Australia. North America, Asia and South America offer limited options, but the latest trends indicate that these regions will offer more options to residents in the next few years.

http://www.legalgambling.us/online-gambling-growing-steadily-across-globe/