Everyone thought that even though land-based casino revenues worldwide are taking a hit because of this incredibly tough recession that online gaming revenue on the other hand would be new to the tough economic times because of the little amount of expenses it takes to operate an online casino but this hasn’t been the case.
Even online casinos worldwide are starting to feel the pinch of a recession that borders on the depression and you can see this not only from the numbers but from all of their forward outlook on future revenues, but there are still some diamonds in the rough as far as online gambling companies to either gamble at or invest in through the stock market บาคาร่า. One of the online gaming companies that is growing revenue and net income like gangbusters is the Chinese online gaming firm Shanda.
While everyone else is losing their shirt financially Shanda has announced incredible revenue gains for the third quarter of 2008. Their revenues have increased by 41% over last year’s third-quarter revenues and net income increased over 20% from last year.
Shanda has done so well because it has decided to focus more on online games and online board games rather than online gambling games. The potential for online game playing in China is incredible and if they could do this well during the recession imagine how well it will do when we come out of this recession. Even though online gambling hasn’t been hit as hard as land-based gambling in China, the one area that seems to be outpacing them all is the online game arena. I think that American gambling companies should learn a lesson from this company and try to shift their focus more so away from online gambling during the recession to online games because of the fact that online games have become almost a culture unto itself with the younger generation as we start to move online at a younger age every year. Shortly after the appearance of the Internet, gambling was transformed into a leisure at-home activity in the form of online gambling sites. These websites have revolutionized the casino industry, allowing for gamblers to experience the thrills and excitement of being in a casino from the luxury of their own home. People no longer have to travel to the nearest casino; gambling websites have brought casinos to the people.
Online casinos feature the same popular games as the live casinos. They offer everything from the classics, like blackjack and roulette, to the games that have just recently gained popularity. However, casinos are notorious for offering an unforgettable experience, so it is essential that internet websites offer an additional competitive aspect. What sets the them apart from the live casinos?
Internet casinos are not able to provide the same boisterous atmosphere as live casinos, yet they continue to grow in popularity. One obvious advantage is the ability to gamble from the luxury of home; however, this is certainly not the only benefit. For example, casinos can be extremely intimidating, especially if you’re looking to try a new game. Websites allow you to practice your skills at games without the fear of embarrassment. Many sites also offer free play, another excellent way to practice new casino games.
In addition to the ease of playing at home and a less intimidating atmosphere, online websites offer another extremely important advantage over live casinos. They do not have to pay for the flashy machines, the experienced dealers, or the top-of-the-line vaults and are therefore much more cost effective. This allows for many sites to offer smaller house edges, which means you have a better chance of winning. All of these benefits allow for a competitive gambling experience for their customers.
Online gambling sites are taking the world by storm. If you’re looking to gamble but do not want to travel to the closest casino, these internet casinos may be for you. Not only do they offer convenience, but a less threatening environment and a cost effective budget allow for a potentially superior gambling experience to that of live casinos.