Black Friday Curbs Online Gaming GrowthPublished June 21, 2011 by OCR Editor
Gaming consulting firm says industry is still growing, but Black Friday is having its impact on players, affiliates.
The events of Black Friday continue to impact the world of online gaming even two months after they happened, with H2 Gambling Capital consulting firm saying that industry growth is set to slow.The Good News
The good news from the report is that there is still some growth even despite the crackdown on online poker in the United States, but the sobering aspect of the news is that the growth will slow to 4.4 percent this year, making it the slowest annual growth since H2 began tracking data in 1998.
Overall, these figures represent a downgrade from H2's original start-of-year projection of 10.2% growth for 2011.
However, take the US and Japan out of the equation and all of a sudden online gambling is expected to grow by 12% year on year in 2012, which is not so bad at all when you consider that this is at least 3 times higher than the economic growth rate of most developed nations this year, and still significantly higher than even booming developing economies such as that of China.Affiliate Programs Still Affected
Unfortunately, while things are still looking good for the industry, affiliate programs are still being affected following Black Friday, in which US prosecutors seized several domains belonging to online gambling companies and indicted the owners of three major online poker sites - including PokerStars and Full Tilt Poker.
Players and affiliates are still in the dark when it comes to reclaiming funds from various sites, and we are doing our best to keep you all updated as news comes in. As our friend J Todd of the APCW has pointed out regarding one site - Quicktender had funds seized by US authorities and sent out emails telling customers to open bank accounts in euros. But now the site is down and players and webmasters are left guessing how to reclaim their money.