Online Gambling Sites are Going Global, Creating Big Headaches for Corporations, Warns Websense Inc. Friday 8 June 2001 PDF Print Total Number of Sites on the Net Now More Than 26,500, a 53 Percent Annual Increase June 08, 2001 - With a 53 percent annual growth of online gambling sites globally and with the recent legalisation of online gambling in the UK - this weekend's Derby could have cost the British employer a great deal in lost productivity as staff bet online, according to Websense Inc., the world's leading employee Internet management (EIM) company. According to Websense Inc sixty seven percent of all Internet access occurs at work, with potentially thousands of employees gambling on company time. In fact, according to research (taken from an article on MSNBC), more than 1 million people gamble regularly online, and one in four are considered pathological. "We track the online gambling category very carefully for our customers," said Harold Kester, chief technology officer for Websense. "Many of our clients, including nearly half of the Fortune 500, and 36 of the FTSE 100, are becoming aware of the productivity and legal issues surrounding online gambling at work. Our Websense Digital Fingerprinting system, featuring highly proprietary classification techniques, enables us to stay on top of this worldwide phenomenon." Why is online gambling continuing to boom? The sharp increase is primarily due to the borderless nature of the Internet, as well as simple supply and demand. While there is an emerging population of online gamblers, there is also a growing number of countries licensing the activity, spurred by the realisation that gambling generates enormous tax revenues. In 1997, only a handful of countries and governments sanctioned or participated in online wagering. Today, more than 50 governments and countries endorse Internet gambling within their borders. Britain recently legalised Internet gambling, and South Africa is scheduled to issue online licenses later this year. Both will be competing with the current king of online wagering, Antigua, with more than 100 gambling sites operating in or near its capital of St. John's. In upcoming months, more countries are expected to open their borders to Internet gambling because the industry creates enormous tax revenue opportunities. In fact, sites currently pull in more than £2 billion a year, a figure that could double in the next two years according to Bear Stearns. Perhaps more shocking is that gambling generates more revenue than movies, spectator sports, theme parks, cruise ships and recorded music combined. However, while governments are raking in revenue, corporations are left with productivity losses and potential legal problems. About Websense Inc. Websense Inc. (NASDAQ: WBSN) is the worldwide leader of employee Internet management (EIM) solutions. Websense Enterprise software enables businesses to monitor, report and manage how their employees use the Internet. This supports an organization's efforts to improve employee productivity, conserve network bandwidth and mitigate legal liability. Founded in 1994, the company serves more than 13,000 customers worldwide, ranging in size from 100-person firms to global-sized corporations. These include 244 of the Fortune 500, 69 of the Nikkei 225 and 36 of the FTSE 100, encompassing more than 8.25 million customer seats, pre-paid on a subscription basis. Websense is listed on the year 2000 Software 500 ranking and has been honored by the Deloitte & Touche "Technology Fast 50" program. The company also has strategic technology relationships with CacheFlow (NASDAQ: CFLO), Check Point (NASDAQ: CHKP), Cisco (NASDAQ: CSCO) and Microsoft (NASDAQ: MSFT). For more information, visit www.websense.com. Except for the historical information contained herein, this press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause the Company's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. We assume no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, the volatile and competitive nature of the Internet industry, changes in domestic and international market conditions, foreign exchange rates, the success of the Company's brand development systems efforts, and customer acceptance of the Company's services, products and fee structures. Further information on the factors and risks that could affect Websense's business, financial condition and results of operations are included under the "Risk Factors" or "Factors Affecting our Operating Results" sections of Websense's public filings with the Securities and Exchange Commission, available at http://www.sec.gov MEDIA CONTACT: Yvonne Eskenzi 020 8449 8292 Email email@example.com WEBSENSE CONTACT: Johanna Severinsson 01932 796105 email firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of Eskenzi PR in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.