Tag: market

Spanish online gambling and betting market poised to hit $1.22B by 2023

Online gambling and betting businesses in Spain are on track to becoming a billion-dollar industry, according to forecasts. An AFP report quoted consultancy firm Ficom Leisure, which said that Spain is now “on the radar of the international market” as it predicts the market’s annual online gambling and betting revenue to hit €1 billion (US$1.22…

Financial Expert Who Predicted 2008 Crash Warns About Cryptocurrency Bubble

Nouriel Roubini, the economist credited with predicting the 2008 global financial crisis said a 12% fall in the value of bitcoin on Friday was the latest proof that the cryptocurrency was the biggest bubble in history and destined for a crash. Roubini, professor of economics at New York University, said bitcoin was “the mother of…

Novomatic Leaves German Online Gambling Market

Austrian gambling technology group Novomatic exited the online gambling market in Germany at the end of December, a spokesman said on Tuesday, calling for more regulatory clarity there. In September Novomatic shelved plans for a 5 billion euro initial public offering on the Frankfurt bourse due to due to uncertainty over new regulations regarding gambling…

Cramer: Bitcoin is like ‘Monopoly money’ — you’re better off gambling in Vegas

Bitcoin is a pure gamble, and those interested in the cryptocurrency should just go to Vegas, CNBC’s Jim Cramer warned on Wednesday. The cryptocurrency, which has surged more than 1,000 percent this year, broke above the $12,000 mark on Wednesday morning, according to industry site CoinDesk. Bitcoin’s rapid gains have prompted some market participants to…