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Slowing Economy Affects WPT and Online Casinos

Internet gambling markets all over the world have seen a slow period over the past several months as the traditionally slow summer period came into full effect. The online casino industry is on a huge growth curve over the next several months, but that doesn’t mean that all of the companies all over the world are reporting fantastic quarterly growth, in fact, precisely the opposite is true. The World Poker Tour brand just last week released the company’s second quarter results and they certainly left a bit to be desired – they showed a weak quarter but a positive looking H2 for the brand.

There are several areas of the WPT company that showed a significant decrease in the second quarter of the year – most importantly for WPT was the drop in revenue from the same period the previous year. 2007’s Q2 brought in $7.7 million whereas this past Q2 brought in $5.1 million – it just seems that WPT was one of the online casino gambling related companies that was not able to fully diversiy in time to weather the slow periods.

Many online casinos and related companies are really diversifying their interests into different sectors in the gambling market – from internet poker, to Web gambling, bingo, skill games, and more, the more choices the more likelihood that the companies will still generate impressive revenues despite slow periods within one sector of the industry.

Positive aspects of the Q2 report include the revenues and potential future growth within the WPT brand’s television show. International disptribution of the show could significantly pad the company’s future poker gaming revenues.