Online casino & Gambling Industry Numbers Revealed

Gambling in Canada is an industry with a turnover exceeding CA$14.5 billion a year according to the official statistics. The country houses 70+ casino houses, 100k+ slot machines and about 25k+ temporary casino and bingo-type establishments.

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The anthem of Canada sounded in Rio All-Suite Hotel and Casino in Las Vegas again and again as the six weeks poker season ended with a triumph of Canadian players, who managed to win 10 bracelets. In addition, Daniel Negreanu, a resident of Toronto, was so good in Australian and US competitions that earned the WSOP 2013 ‘Player of the year’ title.

When in late June Kristen Bicknell from Ontario won the women’s tournament, it a new achievement has been recorded: the bracelets have been awarded to ten players from Canada, which is a huge progress after three bracelets received in 2012. The previous record of the country was six bracelets won in 2010.

As usual, the majority of players represented at the WSOP were the U.S residents: 57,040 out of a total number of 79,471. Thus, 71.8 % of American players was more then enough to secure the leadership, as Canadian representation equaled as little as 5.2% (4,118 poker players). No surprise that the U.S. won a better part of WSOP bracelet in 2013 (41), almost two-thirds of the total number of awards and is slightly less than its percentage of participation. At the same time, ten Canadian bracelets represent 16.1% of awards, which is three times higher than the percentage of participation of the country.

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In his address on Twitter, the Canadian resident, Daniel Negreanu, ranked the best poker player of the decade, wished his fans all the best and gave a little advice: ‘I hope that you will fulfill your dreams. Dream – declare – execute. The formula really works!’

In the life of 39 -year-old Canadian pro this formula really works as clockwork, especially recollecting about his goals for 2013. Negreanu planned to enter the tournaments and win at least CA$1.5 million, grab his fifth WSOP bracelet in career and a find himself in the Top 10 race Player of the year Bluff.

It’s unbelievable, but Negreanu not only achieved his goals, but also exceed them dramatically (and yes, he managed to be ranked the player of the year by Bluff Magazine).

The famous player won his bracelet in April, when he triumphed at the WSOP Asia-Pacific (APAC) Main Event and earned CA$ 1,087,160. In October, he was able also to duplicate the result, winning the competition of a high roller at the WSOP Europe, and get over CA$979,955. Along with other payments, during the year Negreanu one of the best players of Canadaso far collected winnings of CA$3,208,630 and the amount of his winnings throughout the career increased to CA$19,549,209.

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Enhanced capabilities of information technology and personal gadgets fueled a breakthrough in the development of e-commerce sector. The brand-new opportunities contributed to drastic changes in all spheres of business, and gambling is no exception. Naturally the expansion of changes into the online segment adjusted the balance of power in the global gaming sector and deepened the conflict between ‘conservatives’ and ‘reformers’.

According to Firebear Studio, a prominent IT company, global e-commerce market in 2014 was estimated at a trillion dollars, while its growth rate equaled 19.4% according to the research.

Another investigation carried out by Goldman Sachs Group Inc. indicates that due to the increasing popularity of smartphones and tablets the concept of mobile commerce (m-commerce) acquires its relevance. According Firebear Studio, last year the number of transactions from mobile devices grew up to 18% of all purchases on the web. The percentage of operating on mobile devices has increased from 38% in 2012 to 53% in 2014.

This direction couldn’t have left online gambling untouched, which is evidenced by comprehensive researches of the authoritative H2 Gambling Capital and iGaming Business. Online market is not consolidated and it is being developed still. Until now, there is even no single terminological apparatus: the same phenomenon called different companies in different ways. The concept of ‘online gambling’ causes misunderstandings. H2 Gambling Capital and iGaming Business, for example, referred to as the entire online gaming market segment, First Gaming distinguishes it from mobile segment. Others, such as The European Lotteries Association and Scientific Games, do not refer online lotteries to this notion. Nevertheless, the industry is rocketing.

H2 Gambling Capital and iGaming Business projected the total revenue from online gambling winnings (including betting) in 2014 amounted to C$30,6 Bln. According to the study, the total income of the global online gaming industry will grow from C$6,6 billion 2003 to C$ 32,5 billion in 2015-m and C$42,8 billion 2018. By that time, in terms of profitability Europe will continue to lead, although the gap with other continents will be reduced, especially with Asia. A doubling of revenues from online gambling in the United States is expected.

Betting will retain its leading position on the Internet, but will gradually show a slowdown. In this case, the yield is expected to increase the online casino, which by 2018 will also double their performance. Such growth will be observed in all sectors, except for online bingo.

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Online casino & Gambling Industry Numbers Revealed

Online casino & Gambling Industry Numbers Revealed