Thought this would thirst your quench. Though it is from June 1998 I think we can see the results of which that are evident in todays market. IMO SIMMD is position to gain immediately. Once SIMMD starts taking strides to promote themselves I believe we will be sitting happy. I say we take the first class seats on SIMMD!!!
There should be some great news out tomorrow!!!
15 June 1998, Datamonitor Plc
Online gambling revenues will break the $10 billion barrier by 2002
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As more people look to the Internet to provide more than simply surfing and email, gaming and gambling online have been transformed from merely interesting concepts to represent fully-fledged business opportunities.
A new report by Datamonitor, Online Games and Gambling, 1998-2002: Turning Potential into Profit, reveals:
1. Over $1 billion will be generated through online games and gambling by 2000
2. Online games and gambling revenues are three times higher in the US than in Europe
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1. Over $1 billion will be generated through online games and gambling by the turn of the century
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It is no longer valid to talk of online games and gambling as merely interesting markets that belong to some future era - these new interactive services have arrived and are already generating substantial revenues.
According to Datamonitor, online gambling turnovers have the potential to dwarf those of other interactive services, tapping into an existing traditional gambling market valued at over $700 billion in Europe and the US alone. As operators seek to take advantage of the huge audience reach and potential cost savings of the Internet, the number and range of services available to the consumer continues to expand at a tremendous rate. Casinos, lotteries and sportsbooks dominate the new market, allowing customers with an Internet connection and a credit card to gamble literally anywhere in the world. With the most successful services turning over more than $1 million per week, the current market value of $600 million is just the tip of the iceberg: Datamonitor forecasts that over $10 billion will be gambled online by 2002.
The US online games and gambling markets currently lead the way in the global scene. Aided by the highest online population in the world, US revenues from online games and gambling are three times higher than those generated in Europe. However, as the PC revolution continues apace in Europe, Datamonitor expects the gap between the two markets to begin to close.
Datamonitor's Technology Practice Area is one of the largest IT and communications analyst firms in Europe. The company specialises in tracking market and company dynamics in the areas of IT, networks, interactive services, telecommunications and the Internet |
