Danish market records strong Q1 growth in online sports betting and casino items
Denmark’s managed gaming market experienced year-on-year growth of 30% in sports betting and online casino products for Q1, with Gross Gaming Revenue (GGR) of DKK975m compared to DKK750m for the very same period last year.
The boost has actually been driven by rising online sports betting and casino profits, with online operations representing 78% of the total GGR, according to figures published by Danish gaming regulator Spillemyndigheden.
Sports betting GGR increased year-on-year by 33%, to DKK585m, with online wagers accounting for 64% of that overall.
The GGR for online gambling establishments likewise grew, with a leap of more than 25% reported compared to Q1 2015, to DKK390m.
The GGR for online poker has actually remained relatively stable at around DKK40m for the last 8 quarters, with online casino growth driven by other casino games.
Current market shares for online casino games based upon GGR locations video gaming machines at the head of this growth, with 68% of the market compared to 12% for poker.
Since April 2016, there are 27 licensed operators in the nation, holding 15 licenses for betting and 25 licenses for online gambling establishments.
Land based gambling establishments also experienced a growth in GGR for Q1, from DKK75m to DKK95m.
Denmark boasts seven land based gambling establishments, consisting of in Aarhus and on the ferryboat Pearl Seaway in between Copenhagen and Oslo.
How America’s Favorite Sports Betting Expert Turned a Sucker’s Game Into An Industry
Full betting is prohibited in 49 states, but sports betting is big business, with billions wagered each year and everyone understands it. Lines and relocations are gone over freely on TV, and covers are mentioned right beside game stories. Media outlets across the country turn to a handful of individuals for insight and predictions into point spreads and probabilities. And the male they look to more than other is RJ Bell, a self-proclaimed modern-day Jimmy the Greek.
Various titles, some generous and others outright incorrect betting expert, expert handicapper, Vegas odds maker are used to recognize Bell when he is talked to, however his function as head of Pregame.com is constantly included and seldom described. Bell states they are winning pro gamblers, and by paying for their advice, the implication is that you will win, too.
In the industry if not in the media, Bell’s army of handicappers are understood, usually derisively, as promotes, and Bell is chief promote of the most visible and rather perhaps the most lucrative pick-selling operation.
But unlike his forerunners significant loudmouths from the 80s and 90s like Jack Price and Stu Feiner who discovered like professional wrestlers Bell is not braying on TV infomercials, promising to bury your bookie. He doesn’t need to. Mainstream media now brings the heads of these services on air and passes them off as analysts, affording people like Bell streams of brand-new consumers and totally free advertising a salesperson could rarely think of.
Scribes and sportscasters alike present Bell as the oracle of Las Vegas. You can hear him on Stephen A. Smith s Sirius reveal, KROQ in Los Angeles, ESPN radio in Las Vegas, Yahoo s national networks, NBC Sports Radio, and Colin Cowherd s nationally syndicated Fox Sports 1 program; see him in primetime on SportsCenter, CBS, ABC, CNBC, CNN, or at South by Southwest; and discover him priced quote frequently in the New York Times, Associated Press, Bloomberg, Los Angeles Times, Wall Street Journal, and any regional rag or blog that calls him.
Bell, 45, a native of Shadyside, Ohio, labors to different Pregame, which the New York Times Magazine asserted in 2012 deserved $5 million, from its industry’s uneven history which Rick Reilly summed up in a 1991 Sports Illustrated feature on promotes. In a world of cheats, cons, grifters, tricksters, carnival barkers and individuals you would not wish to change your fifty, the brotherhood of so-called sports advisers is a gutter unto itself.
The perception, at least, has actually altered.
I’ve spent my life around gamblers. From a young age I viewed haggard guys pitch useless pointer sheets at the racetrack. If a handicapper genuinely had an edge, I quickly discovered, he would safeguard it. He would have everything to lose quite actually by promoting it. This axiom seems to leave journalists significantly wading into covering sports betting, to say nothing of the desperate customers spending for picks.
I invested a year investigating the promote industry and discovered the same old racket, covered in sophisticated-looking, digital-era product packaging. I discovered gross misrepresentation of records, even amid insistent insurance claims of openness; a host of old-school techniques like using out-of-date or nonexistent betting lines; and deceptive or deceptive marketing.
Nobody is shrewder than Bell at hiding the simple reality that would put him out of business: Far from being elite professionals, as Bell has actually explained them, most of his existing and previous touts have records well short of the break-even point.
Audio recordings that appeared last year appear to record Bell informing a company partner that his promotes choices aren’t successful enough to make them profitable for consumers. The probabilities are you weren’t win, the individual identified as Bell states on the tapes.
The lies about winning choices, I came to understand, are merely the short con in advance of the long video game: hush-hush plans with sportsbooks in which pick-sellers earn a considerable cut of the losses of their referred customers.
Today's promotes get you on both ends. They sell you winners, then collect when you lose. It’s a sucker’s video game, like it ever was.
If you found RJ Bell on ESPN or glanced at the cover of The New York Times Magazine a couple of years back, you would discover no need to question his credibility. Go to Pregame, and you only find winning records. But running a promote service is an ongoing sleight of hand, starting with those records.
There are groups making real money and moving lines, stated David Frohardt-Lane, an algorithmic trader and appreciated bettor who traded his MLB models for higher revenues in the stock market. Then there is a totally pretend world happening, where these promotes obviously are powerful and prominent and effective. The real life is getting ignored.
To beat the normal vigorish, or vig, which is the bookmaker s cut of any wager, bettors have to win at least 52.38 percent of the time. Bell requires that Pregame clients trust him on this. His touts are not required to promote their complete records, Bell has actually said, and they put on t.
Bell loves to say that every pick ever choice on Pregame is archived and available for review.
Until now. Two real-world gamblers, one of whom is a previous monetary expert in his late 20s who is highly concerned by odds makers, established a script to scrape Pregame.com URLs for daily choices and results going back to Jan. 1 2011, and their findings speak for themselves.
NY Has Strategies Should NJ Expand Casino Gambling
Officials in New York have actually been silently talking about methods to "send a shot throughout the Hudson River" in advance of New Jersey's fall mandate in which voters will identify if two casinos can be located in the northern part of the state not far from Manhattan.
Driving the talks is a growing concern that New Jersey might legalize the gambling establishments at a time when New York remains in midst of its own casino growth workout program. The strategies, according to people associated with the talks, run the gamut, however all consider that New York might end a self-imposed, seven-year restriction on brand-new casino advancement in New York City or its suburbs.
The seven-year restriction was part of a 2013 law meant to provide four upstate casinos, three of which have actually been licensed, are under building, and are due to open next year-time to run prior to they face in-state competitors from new centers in the state's population.
Officials in New York stated they can't sit by and let New Jersey legislate new casinos so near the border without acting. Under one circumstance described by well-placed sources, all whom spoke on condition of anonymity, New York is considering a plan where the state's three remaining casino licenses would be put out for bid for downstate places if New Jersey voters authorize the casino expansion.
It would not come without a cost to New York: The state has collected $151 million in license costs from the three gambling establishments under building. One is in the Catskill Mountains; another in Schenectady near Albany and Saratoga Springs; and the 3rd is between Rochester and Syracuse.
A fourth permit for Tioga Downs, a harness racetrack with video lottery terminals situated west of Binghamton in the state's Southern Tier area, is pending. Owner Jeff Gural likewise operates Meadowlands, among the possible websites for a New Jersey casino if the mandate passes.
Another plan that has been talked about is to let New Jersey know in ways not yet chosen that New York may think about giving the VLT gambling establishments at Aqueduct Racetrack and Yonkers Raceway full-blown casino licenses if the Garden State's mandate passes. A full casino permit would permit those tracks to install genuine slot machines and table games.
It would likewise make them eligible to provide sports betting if the federal government one day legislates that kind of gambling.
The hazards under factor to consider versus New Jersey aimed at voters but chiefly financiers who may finance northern New Jersey casinos don't come without threat to the New York casino workout program. If the seven-year casino ban in the New York City is minimized in years, it is uncertain how, for instance, that might impact a large casino under building in the southern Catskills near Monticello, situated just 90 minutes from Manhattan.
The seven-year clock started ticking in March when the three casino licenses became efficient.
The ideas are being thought about by authorities with Gov. Andrew Cuomo's office and the state legislature. One authorities openly acknowledged ideas are being discussed.
Uncertain, according to Assemblyman Gary Pretlow, is whether any action may happen on the matter the week of June 13 when the 2016 New York legal session ends or wait till after New Jersey voters decide the issue.
"I'm not interested in producing a border war with New Jersey, but New York has a beneficial interest in gaming and we're not going to permit one of our next-door neighbors to take away from that," stated Pretlow, a Democrat who chairs the Assembly Racing and Wagering Committee.
Pretlow confirmed that two concepts ending the seven-year restriction on downstate New York casino advancement and factor to consider of Aqueduct and Yonkers for 2 of the licenses have been under conversation at the New York Capitol.
"We now discover it crucial that we are a leader in gaming," Pretlow stated.
It remains unsure if any action taken by New York before the fall mandate by its neighbor may backfire with voters in New Jersey, which has actually delighted in a long, cross-border competition on any number of matters.
"We're not informing them what to do," Pretlow stated. "We're telling them if they do what they want to do then we're going to do what we want to do."
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