Online Casinos Take to Market in Europe

Online wagering already has a place on the London Stock exchange, and this trend is about to continue plainly as worldwide acceptance of internet gaming increases. United kingdom online wagering site Betfair is considering a stock float of £1. 5 thousand in fact. Founders Andrew Black and Ed Wray, who own 25% of the firm will then realize £375 million, and are likely to sell some of their holdings if the stock increases obviously after the offering.

Another big financial transfer to the online casino business is the upcoming merger between PartyGaming PLC and Bwin Interactive Entertainment. This will create the world’s largest online wagering empire, leading the market in casino, games, sports gambling, and poker. Shareholders of the entities have approved of the merger, and the deal is expected to be complete in the first fraction of 2011, and the resulting company will be traded on the London Stock exchange. Before the merger, the companies combined had net gaming revenues in 2009 of 682 million euros.

PartyGaming located in Gibralter, and Bwin located in Austria. After the merger, Bwin’s assets and liabilities will transfer to PartyGaming, and the new joint company will be based in Gibralter and at that time will be de-listed from the Vienna Stock exchange.

The merger of these two online gaming leaders is likely to prompt more mergers and acquisitions, specially when coupled with a worldwide trend of relaxing wagering laws.

Another trend that is likely to reduce the fortunes of the fafa855bet internet gaming industry is the increase in the use of mobile phones for online wagering. The value of the mobile online gaming sub-sector is valued at around $20 thousand (US) in fact, and that value is expected to grow rapidly in 2011.

Currently, the main thing holding back the approaching increase in mobile gaming is that mobile device brands and media owners are waiting on various international legalities of online wagering to work themselves out, particularly in the us alone, that would represent an enormous market if legislation is passed by the US Congress clarifying the legal status of online casinos in the us alone.

Nevertheless, some companies are developing and testing mobile platforms in anticipation of growth in the market, and the UK has led the way in this effort. Other areas of the world expected to contribute significantly to the growing market in mobile internet wagering include Europe overall, which currently makes up 37% of the market. The Asia-Pacific region makes up nearly 40% of the market. The biggest allies to the fortunes of mobile wagering in terms of games are expected to be lotteries, with sports gambling being released second, and casino gaming following in third place.

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