Everyone thought that even though land-based casino revenues worldwide are having a hit as a result of this incredibly tough recession that online gaming revenue on another hand would be new to the tough economic times due to the little amount of expenses it takes to operate an on the web casino but this hasn’t been the case.
Even online casinos worldwide are just starting to feel the pinch of a recession that borders on the depression and you will see this not only from the numbers but from all their forward outlook on future revenues, but you can find still some diamonds in the rough in terms of online gambling companies to either gamble at or purchase through the stock market. One of the online gaming firms that is growing revenue and net income like gangbusters could be the Chinese online gaming firm Shanda.
While everyone else is losing their shirt financially Shanda has announced incredible revenue gains for the 3rd 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 did so well because it’s decided to concentrate more on online games and online games rather than online gambling games.The prospect of online game playing in China is incredible and if they may do this well throughout the recession imagine how well it will do whenever we come using this recession. UFABET ทางเข้า Although online gambling hasn’t been hit as hard as land-based gambling in China, the main one area that appears to be outpacing them is the online game arena. I think that American gambling companies should learn a lesson from this business and try to shift their focus way more from online gambling throughout the recession to online games due to the undeniable fact that online games have grown to be almost a culture unto itself with younger generation once we start to go online at a younger age every year.
I know this because I have a 42-year-old brother that still plays games on his Xbox along with his kids and it’s gotten to the stage where they’re almost dependent on these games so that it goes to show that online games as well as online gambling have a big influence even culturally among our young and among our middle-age population.