Archive for the ‘Gambling Industry’ Category
Where there is a successful Internet industry there is an affiliate-marketing program that feeds it. Affiliate marketing is a complex network of automated sites, which runs efficiently, effectively and with a remarkable level of simplicity. All of the major online brands have either encompassed or utilised the online affiliate marketing program, to maximise their own profits. But the real joy of the affiliate program is that it is free to be used by everybody. There are no restrictions, no prejudices and no qualifications required. All a person needs to sign up is a website, a strong work ethic and a little bit of determination.
Many online industries owe a great deal of their success to the affiliate program. The online gaming industry is one such enterprise that has utilised and almost pioneered the successful implementation of an affiliate program. Sports betting advertisements appear everywhere on sports related sites, and this is for good reason. Affiliates stand to earn up to 35% of the profits generated by each person that joins through their site. In a business where there are no real outlays and no customer service to concern yourself with, these chunks of the bookmakers money can soon add up to a sizeable pot. It is through these tantalising rewards that the casinos have truly embraced and developed the ethos of the affiliate program.
Sports betting sites have hundreds if not thousands of sites each bearing their brand banner. It is through this myriad of sites that the betting sites can reach out and communicate to people where they are most susceptible to their offers. Online banners leave Internet users just a click away from signing up and wagering their first bet. This is highly different to the static form of advertising that is used in the conventional non-interactive media. Sports betting sites, through their network of affiliates can reach out and spread their particular message to hundreds of thousands of Internet users. It is for this reason that they are all keenly competing to gain new custom, and do not jeopardise relations by being picky about who they choose. The more sites that carry their web banners, the greater their area of influence. With more people seeing their site advertised, they are more likely to attract extra customers in what is already a hugely competitive market. With more customers this means more revenue, for not only the sports betting site but those affiliates that feed through the new members.
In the wake of Italy’s recent reaction against Malta’s gaming authority website, one must wonder what looms ahead for European trade and world trade in general. To a very large extent, the opposition to internet gambling is fueled by the desire to protect some internal-run gambling concerns.
The World Trade Organization, in a case pitting Antigua and Barbuda against the United States, has determined that U.S. policy toward Internet gambling is inconsistent with international trade rules, because some American horse-racing operators are permitted to accept bets online. While the threat of retaliatory sanctions from tiny Antigua has not swayed U.S. policy making, analysts say, the stakes may be higher in any eventual dispute with bigger trading partners.
In Europe, Britain’s open attitude toward gambling is already creating conflicts with some European neighbors, which take a more restrictive approach. Italy, earlier this year moved to ban foreign online gambling operators, like British sports-betting sites, from operating in that country. It is likely that the European market will open up given that court decisions have gone against national monopoly operators.
In the US, the American Gaming Association, a lobbying organization whose members include the big Las Vegas casinos, recently proposed a study to look at ways in which online gambling could be legalized and regulated.
However, conservative Republican leaders in the House of Representatives want to make Washington’s opposition more explicit, outlining an “American Values Agenda” last week that places a statutory prohibition on Internet gambling atop the Republican legislative priorities, alongside proposals like a constitutional ban on gay marriage.
All of these make the future of internet gambling murky. As a result, share of companies in the gambling industry have slumped. The demand for online gambling continues to soar. Many analysts now say they see no sign of an end in consumer demand for internet gambling. Christiansen Capital Advisors, a U.S.-based consulting firm, says global online gambling revenue will rise to more than $24 billion by 2010 from $15 billion this year and $3 billion in 2001. Growth in Internet versions of casino games like roulette may have eased slightly, but poker is surging, and the World Cup soccer tournament is serving as a catalyst for online sports betting.
Offshore operators are moving to diversify their offerings, in an effort to attract more business from outside the United States. PartyGaming last week introduced a new site dedicated to backgammon, a game popular in Europe, Asia and other regions. A spokesman, John Shepherd, said the company was also considering a move into sports betting, which has been a big growth area for other online gambling companies. By offering a variety of gambling options, online providers can “cross-sell” different games and sports events to their customers, which will help with one of the big problems for these companies – a relatively high rate of customer turnover.
No country has come out yet with any credible reason for banning internet gambling. Any ban is more likely short lived as market forces are more likely to prevail in the end. While some investors have been worried about a possible U.S. legislative ban, legalization might actually be worse for existing online betting companies. These companies have benefited from the current murky regulatory status quo in the United States, where online gambling gets about 80 percent of its business, because it has proved difficult to stop Americans from visiting such sites.
We should begin to anticipate more competition and company mergers in the gambling industry in anticipation of the failure of current moves to ban gambling in congress. If the United States were to officially sanction online gambling, American casino operators would be free to compete with the offshore companies. Given the strength of their brand names and their marketing know-how, they could eventually carve out a large portion of the business for themselves.
Government regulations while necessary to protect the society, in the end, market forces dictate the trend. That too will happen in the case of Internet gambling. Governments will eventually realize that the best way to protect the society is not in the restriction of the freedom of the people but in the creation of a fair environment and allowing human ingenuity and market competition to dictate the direction.
If you have always wanted to be a part of the hugely lucrative online casino industry, but lack the capital to invest in the exorbitant software or to track down a unique Website domain. There is a remarkably easy solution for anyone finding themselves in this position. Whilst some may question the likelihood of earning money from a marketing program the results suggest something very different.
All over the Internet and in all the major industries people are profiting from joining online affiliate marketing programs. The larger the industry and it’s potential clientele the more likely the success of an affiliates marketing. Few industries can match the phenomenal growth and financial muscle of the online gaming industry. Online casinos are riding a wave that shows no sign of depleting, dispersed over dozens if not hundreds of sites the industry is a multi-billion dollar market. When there is so much money to be made and such a large potential audience, the industry inevitably becomes hugely competitive. Marketing individual products is the key way for sites to gain in stature or remain amongst the market leaders, therefore all sites no matter how large or how small dedicate considerable effort in creating their brand identity through advertising.
Marketing through television, billboards, publications and event sponsorship requires considerable up front investment. Whilst the largest companies may flex their financial muscle, smaller companies must try to explore other avenues. The cheapest, most widespread and arguably most successful way of reaching people is through the Internet. The World Wide Web is a huge forum for advertising and cross promotion, site owners know that reaching an audience just a click away from their site is one of the best ways to attract new clients.
Through affiliate marketing all casino sites can benefit from free advertising on the Internet. Free that is until somebody clicks on the link and signs up for their site. This is an ideal way for sites to reach potentially huge audiences without having to pay anything up front. From the affiliate point of view, there is the possibility to earn money just for hosting an advert on their site. It only takes a few clicks from new customers to get the ball rolling for an affiliate to earn a serious amount of money. Most affiliate programs are based on a percentage of a player’s lifetime revenue for the site. Meaning that the whole time a player remains on the site both the affiliate and the casino are earning a significant income. So in essence the casino affiliate program is a self-serving industry, in which both sides are equally happy with the arrangement. Due to the nature of the business structure it is also in the interests of both parties to attract more business for one another, which in turn keeps the industry strong and productive.
Donald Trump
Successful businessmen rarely limit themselves only to one type of entrepreneurship. He is the CEO of Trump Organization, an American-based real estate developer in the premium real estate market and the founder of Trump Entertainment, which operates gambling casinos. Gambling industry often serves as a good support for main business. This is how the famous American billionaire and politician Donald Trump uses the gambling industry. Trump began his career at his father’s company, the Trump Organization, and initially concentrated on his father’s preferred field of middle class rental housing.
The range of Trump’s interests is very wide, first of all, it is real estate, mass media, restaurants. It is not surprising that such a multifaceted entrepreneur became also interested in gambling industry. Understanding that practically all niches in Las Vegas are occupied, Trump paid his attention to the developing Atlantic City. It is there that he founded three casinos. Now Trump owns “Trump Taj Mahal”, “Trump Plaza” and “Trump Marina” in Atlantic City. The fortune of Donald Trump is 2.6 billion dollars, he occupies the 278th position in “Forbes” world rating.
Calvin Ayre
Swift development of IT technologies influences practically all spheres of human activities. Gambling business is not an exception. Now one can play club poker, make bets on the results of sporting events via the internet without leaving home. The pioneer of online gambling was Calvin Ayre. Calvin was born in 1961 in Canada. In student years he worked up selling fruit. Having thus earned 10 thousand dollars, he organizes a company that specializes in IT technologies.
Perhaps, now he would also be engaged in developing, for instance, software, if once upon a time he came across an article that described business that accepted bets via telephone. After reading it Calvn decides to change the profile of his enterprise. In 1994 he creates “Bodog Entertainment Group”. Believing in the potential of the computer network Internet, he starts to develop his business specifically in this area. With the help of web portal bodog.com for the first time people were able to bet online, and then play in casino and club poker. In March 2006 Calvin’s photo appears on the cover of “Forbes”, he becomes the first online casino games businessman who made his way into this prestigious magazine. According to “Forbes”, Calvin managed to earn 44 million dollars, with this sum he occupies the 746th place in “Forbes” world rating.