Calvin Ayre Assesses Online Gambling Future For 2012January 4, 2012 2:56 pm
Back in 1994, Calvin Ayre created the original Bodog, which he initially conceived as a software development company. However, his vision for the company soon became that of an online gaming website and then a brand licensing venture which now, a couple of decades on, spans the globe. Not bad from a starting investment of just $10,000.
From the very beginning, the billionaire entrepreneur with an MBA in Management Finance has been at the cutting-edge of the industry and with 2012 underway, Calvin Ayre has been playing seer as to what the new year holds for the online gambling industry.
Much has been made recently about the reversal in policy of the DoJ, which has now interpreted the Federal Wire Act as not including online poker. This has led many to believe that legalised online poker was just around the corner in the US, but Calvin Ayre is not so convinced and believes there is only a 50/50 chance there will be another state, aside from Nevada, doing remote gambling in 2012.
Calvin Ayre believes the whole process will take shape over a decade and that any companies hitching their growth to the US market will be “sorely disappointed with the outcome.
The 51 year-old also believes that the European market is too stale, mature, fragmented and non-cooperative to offer real potential for the immediate future and predicts that the Asian market would ultimately grow bigger than that of the rest of the world combined. As Ayre predicts:
“If you don’t yet have a toehold in Asia, you have no business calling yourself an industry player.”
In addition, Ayre sees the Latin American market as the second best to target in 2012, describing it as “largely virgin territory” and full of potential.
Finally, Calvin Ayre foresees his site being at the forefront of online gambling sites in 2012 and it would take a brave man to bet against him.