Total Number of Sites on the Net Now More Than 26,500, a 53 Percent
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
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
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
020 8449 8292
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