Tag Archives: years
Room For More Growth Say Bingo Industry Experts
According to some internet bingo industry insiders the internet bingo industry is leveling out after a period of rapid expansion. During the last few years the UK has seen a proliferation of new internet bingo websites but things seem to be slowing down somewhat. It would appear that the online bingo gold rush is over. For a while it was incredibly difficult to keep up with all the launches of new bingo sites but according to experts the industry is now leveling off. Competition for players is still keen and most bingo sites are offering players ever increasing bingo bonuses, higher jackpots, more bingo and side games and vastly improved technology. Some internet bingo experts believe 2010 will be the year when internet bingo comes of age complete with mergers, acquisitions and takeovers.
Some gambling giants have entered the internet bingo market. Las Vegas gambling giant Harrahs has launched a new bingo site and the venerable bookmaking firm of Ladbrokes has operated a top internet bingo website for years. Despite the entrance of gaming giants established smaller internet bingo operators are holding their own against the large operators. Bingo operators who take their players for granted do so at their own peril and smaller operators are responding to challenges by gambling giants with highly original marketing using social networking websites such as Twitter and Facebook. Many smaller operators have added more side games and it has been reported that online roulette is running a close second to bingo in popularity among female players.
Since the larger operators have bigger budgets they can easily offer huge jackpots and engage in massive marketing campaigns. Since younger players are more tech savvy online marketing campaigns have been very effective for smaller operators allowing them to remain competitive in a somewhat cutthroat business environment. Internet bingo websites that offer opportunities for social interaction between players have a high player retention rate.
Figures suggest that internet bingo will be a $2 billion dollar a year industry by 2012. Industry experts say that internet bingo revenues for 2010 could easily approach $1.2 billion dollars. The CEO of Virtue Fusion, a bingo software developer, Bob McCulloch believes that the internet bingo industry has a very bright future. McCulloch stated, “After the developments we have seen over the past few years, it is somewhat inevitable that industry commentators are questioning if the UK market has started to reach maturity. It might now be worth hundreds of millions of pounds but there is still room for growth for online bingo. There is certainly more scope for new licensees on the network, though it is likely this will be at the expense of some of the smaller and less creative operators” In other words, smaller operators must stay ahead of their more well heeled competitors of go under.
Online Gambling in England
Online gambling appears to be very popular in England. A simple internet search for “online gambling in England” yields 1.21 million results, with the top results providing links to online casinos and places to wager about sports online.
Online gambling is legal in England. England maintains its own system of regulating online gambling. Their system is one that is good enough that other countries feel the need to emulate it. Bermuda, for example, is strongly considering creating a system similar to Englands.
One of the biggest fears a potential online gambler may have is the legitimacy of certain websites. There are several websites that rate the different online casinos. As a result, it is strongly recommended that an online gambler consult with such a website before putting any money down.
One of the top search results for online gambling in England is online-betting-guide.co.uk. The link says “World Cup Betting/Free Bets/Free Tips.” The website gives you the option to wager on sports or player poker or enter the online casino. It also lets you wager specifically on World Cup matches. In order to use the site, you must become a member. Joining is free, but the website requires you to be at least 18 years old.
In its early days, online casino gambling consisted mostly of traditional casino games such as blackjack, roulette and a few basic video slot machines. The landscape has changed dramatically as the years have passed, and it is continuing to change.
From past experience, it appears that more is always better. It is not absurd to speculate that the best online sites will have a minimum of 500 games. In the beginning, people were fine with online gambling sites offering just 10 games. However, other sites gained a competitive advantage by offering more options and they forced them to either add more games or go defunct.
As recently as a few years ago, security was a major issue with online gambling. As a result, many were scared to participate and there was little trust in the online gambling business. There has since been a crackdown on security measures, and it is very difficult for an online gambler to be the victim of fraud or online theft. Online gamblers can visit the best online casinos with the knowledge that they use highly-advanced software that keeps private data from getting to anyone else.
England is one of the countries that are reaping the benefits of the large tax revenue the government receives as a result of the online gambling community. Taxing gambling money has led to impressive profits.
With the growing popularity of online gambling in England, another advance will be the merger between online gambling and live-time gambling. Many online casinos actually have live dealers who watch over their respective tables. As it becomes more popular, profits are sure to follow and all the big name casinos will get into it in order to provide their services for a bigger audience.