Experts said that the volume of online gambling could have harsh effects due to the Black Friday and Blue Monday events. However, the volume of harshness is still a question mark now.
According to the research done by Manchester's leading consulting firm, H2 Gambling Capital, this year, the growth of online gambling will reduce to 4.4% from the previous year. This annual growth rate is the lowest one that has been experienced in the online gambling, since the data tracked from 1998 and the research results are even worse than the expected earlier.
There are several reasons listed by H2 Gambling Capital for the reduction in the growth rate of online gambling and the impact of Black Friday in the US Online Poker Market is the major one.
Japanese earthquake impacted on Japanese Racing Association became the second major reason for such downfall. As per H2 Gambling Capital, the interactive business of JRA will constantly decrease up to 13% every year from 2011.
Slow regulation of the Online Gambling Market and economic backdrop were some other reasons given for this downfall.
June 20, 2011, 6:29 am (5 months ago)
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