Online gaming, non-vaccinated against economic crisis?
In this worrying economic landscape crisis, the online gaming operators seem to be going pretty well. Though, the situation could change with an eye to the growing competition in this industry. We're about to wonder whether the E-Gaming Industries are really immunized against financial crisis.
- Several indicators of a weak stability:
- Several measures are taken to follow up the growth
- Gaming: Receipts of 420 billion Dollars in 2011
Poker and Casino games were legalized in 1976. At that time, such entertainment was juridical authorized only in Atlantic City and Las Vegas - the two districts are hosting nowadays the biggest and the most powerful companies such as Wynn and MGM resorts. If the equestrian and canine bets were already very popular, Blackjack, Baccarat and Slot Machines were about to win over game lovers right from the 80's, 10 years before the Internet became more accessible and allowed its operators to propose their services on the web.
« The existing competition on the web jeopardizes the financial stability of the Las Vegas and Atlantic City land Casinos »
Nowadays, in the United States only the states of Utah and Hawaii haven't legalized gaming. We can notice that there is a real increase in the number of virtual casinos giving their services online. The existing competition on the web jeopardizes the financial stability of the land casinos of Las Vegas and Atlantic City. Indeed, while Nevada seems to slowly be going back on track since January, it can't be forgotten that the loss of the takings has been obvious for the American games institutions ever since 2009.
In spite of the difficult economic situation and the numerous inherent doubts, we notice an undeniable growth in the European and Asian E-gaming market. In Europe, several countries have established regulations that have ensured the immediate legalization of the Online Casino Games. As in all new sectors, the takings generated by online gaming are surely rising and promising high budget revenue levels. In Germany and Spain, several commercial programs aim to promote these games hoping to make up the disgraceful Government deficits.
In Asia, news are pretty good too. Countries such as Singapore, Macao and Thailand (Siam) attract many millions of tourists and foreign players. Here we find the some of the largest fortunes in the world. Besides, no hazard seems to have effect on the excellent economic climate - to the contrary, investors are rushing to capture new market share and attempt to increase their sales (after the less prestigious levels amid the violent crisis of 2009).
In spite of the economic recession and the Black Friday that has disrupted the world economics, the gambling market seems to be going well with nearly 420 Billion dollars of registered receipts for the year 2011 alone. We believe that the market of gambling, Poker and sports betting is immune to crisis.