Online Casino Industry Continued Growth in 2010
Despite the sluggish worldwide recession that shows no signs
of improvement as governments are drowning in red ink and unemployment
remains high the online casino gambling industry again showed
double digit growth for the past year.
Online casinos saw an increase of 12.5% in revenue from 2009
to 2010 as the recession has actually served to benefit the industry
as it fits the needs of the gaming client perfectly in these hard
Gamblers are watching their money carefully far more now than
ever before and they have found that they are going to get far
more bang for their buck at an online casino gambling website.
As airfares increase, along with the hassle of ever increasingly
intrusive searches before getting on a plane, and with hotel rates
remaining sky high in Las Vegas and other tourist Mecca’s, online
gambling is proving to be an outstanding value that simply makes
more sense in these economic times.
Another big reason for the increase in online gambling revenue
has to do with governments throwing in the towel of opposition
to the industry and instead passing laws that make it easier for
their citizens to participate but also easier for governments
to get a slice of the action in order to try and balance their
budgets. Online gambling is one of the few industries showing
any growth during the recession and cash strapped governments
are all of a sudden deciding that if you can’t beat the industry
it is better to join it and get a cut of the action.
While Las Vegas and Atlantic City continue to struggle at a rebound
the online casino industry is poised for another leap in 2011.