Online Technology And Sports Betting Improve Aussie Industry Performance

IBIS study predicts Australian industry revenue will rise at an annualised 1.2 percent through 2020-21, to reach A$3.7 billion

The Australian gambling industry's performance has benefitted from developments in online technology and the consequent growth in sports betting, a new IBIS study has concluded, predicting that Australian gambling industry revenue will rise at an annualised 1.2 percent through 2020-21, and will reach A$3.7 billion by 2021.
The study found that the shift to online betting services and the growth of sports betting had "significantly improved overall industry performance," and that although sports betting is still a small product segment, it is the industry's fastest growing.
However, IBIS warns of "stormy times ahead for some parts of the industry," pointing to the pressure that online betting has placed on traditional stand-alone TAB outlets.
The report notes that William Hill's local operation lost A$144 million last year, according to the accounts of its subsidiary William Hill Australia Holdings, which attributed the loss to the intense competition in the sector.
Britain's Bet365 and Malta's Unibet are also understood to be struggling in the Australian market, media reports indicated.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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