H2 have released their Q3 eGambling Data Bulletin based on all of the Q3 results and trading statements as well as our analysis of traffic and industry news flow until the end of November.
The covering paper concludes that:
- The eGambling Industry will be resilient but not immune to the global recession;
As some economies are in danger of collapsing during 2009 the fortunes of individual operators are difficult to call at this stage;
- eGambling is expected to strengthen its long term position as recession pushes more cash strapped governments to deregulate;
- For the first time H2 see more European Union Member States supporting eGambling rather than opposing it as debate moves to the level of taxation and establishment criteria;
- The US is now expected to move to legalise eGaming (excluding sportbetting) with federal legislation likely to permit states to opt in/out – However, legislation is not expected until the 112th Congress with no activity until 2013;
- In the meantime any effective implementation of UIGEA by December 2009 could impact the businesses of the operators that continue to accept US players.
See all of H2's 2009 forecasts on a market-by-market and product-by-product basis in the most detailed and authoritive assessment of the value and player volume of the interactive gambling industry. The summary industry dataset includes nearly 25,000 data points dating back to 1999 (with over 50 national by product splits from 2003) and forecasts out to 2012.
press release of H2