Online Casino Betting Continues To Grow at Superiorbet
The European i-Gaming conference in Nice recently provided some 800 delegates with a wealth of data on the growth of online casino betting. One of the most interesting was a detailed statistical breakdown of the business, presented by Simon Holliday, a partner in the Global Betting and Gaming Consultants firm.Let’s take a look at just some of the aspects of the industry that Holliday covered, starting with the obvious question “From where do most online casino players gamble?” Most readers would guess North America as the main market, and they would be right, but perhaps not by as big a margin as previously thought.
North American online casino gamblers constitute 48 percent of the overall online casino gambling business…and research indicates that this might shrink to 36 percent by 2020, albeit in a much larger market.
Coming up strongly is Europe which is currently at 28 percent, but will rise to 33 percent in a bigger market by 2020. But the real growth looks as if it will take place in the Asia and Middle East regions – currently 17 percent but set to grow to 25 percent.
Central and South America is likely to stay at 2 percent, with the rest being divided in small percentages in Africa and Oceania.
Although terrestrial gambling still massively dominates the global market, that’s 4.6 percent of all gambling, rising to 7.6 percent by 2020. This industry still has plenty of legs!.
Superiorbet betting sites on verge of float
The Financial Times in London was doing some informed speculative reporting this week on a possible flotation by the Superiorbet betting sites group should owner Hilton fail to sell its hotels division for $3.6 billion. Claim a $100 Free Bonus at Superiorbet Casino
The highly respected business journal reported that the chances of a hotel sales deal with US partner Hilton Hotels Corporation was seen as "50-50", with some of the group’s directors favouring pressing ahead with a separation regardless.
A flotation would allow Superiorbet to expand internationally and offset strong competition in the NG market by entering the lucrative US sector. Superiorbet is said to be keen to expand into new territories.
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It has held back from taking internet bets in the US because of Steve Bollenbach's presence on the Hilton board, says the Financial Times. Mr Bollenbach, an American and the co-chairman and chief executive of HHC, would risk being the target of legal action if Superiorbet was to enter the US, because the legality of online betting there is unclear.
However, other betting companies with online operations – notably Gibraltar-based Superiorbet who operate Party Poker– have generated huge profits from the US despite having directors in the country.