03.29.08
China’s Online Gambling Market.
China’s internet gaming market is experiencing a massive growth despite many hurdles created by the Govt to avoid internet gambling from Chinese public. MMORPGs saw revenue CAGR of 100 percent over the last five years, yet this is still an under-penetrated market.
According to a local Chinese newspaper, China is planning to regulate online gambling in the near future and may change its stance in regards to internet gaming.
03.18.08
South Africa Closing Towards Legal Online Gambling.
South Africa has moved another step forward towards legalizing online gambling in the country. The bill to regulate and legalize Internet Gambling gained momentum, According to a local newspaper at South Africa, online gambling bill went to the Select Committee of National Provinces on Wednesday.
Once the committee is done with it, it will be tabled in the National Assembly for final approval. At present Internet Gambling is not legal in South Africa.
03.05.08
Pkr Poker Overtakes Ladbrokes And Betfair.
According to poker scout website Pkr Poker overtook Ladbrokes and Betfair in regards to players. Pkr is now 17th largest gaming firm in the online gaming industry.
Pkr’s marketing head Simon stated that “PKR.com has experienced an incredible growth ever since their launch in August, 2006.” In a very short span of time that is 18 months, Pkr has become a very competitive site, with 10 000 concurrent players in action at peak time.
03.04.08
52% Rise In Profit For Paddy Power.
The famous Irish betting group ‘Paddy Power’ showed a handsome increase in their net profits about 52% increase. Paddy Power a local Irish company is showing a tremendous growth in Ireland due to massive advertisement and marketing.
Dublin based firm showed a wooping €62.8 million in net profit, up from €41.2 million a year earlier. Its betting volume rose 13 percent to €2.03 billion, led by increased online business.
