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Bad Timing?

All you seem to hear about these days is the slowing global economy. Most every industry and business has felt the impact of the pending global recession and the land and online casino gambling industries are no different. There are sectors of the internet gambling industry that are still doing well – reports out of the UK indicate that the internet bingo industry is still seeing surges in the number of new gamblers signing up for the site. But even with that consideration it is largely just a bad time for the governments in major countries to upset the flow of money and sources of state income. Russia is a shining example of bad timing – at a time when the global market is slowing, the major Russian cities are losing the tax revenue from the land casino industry as the companies are forced to close their doors.

There is really very little consensus between experts in the online casino gambling industry about the pending recession. Some theorize that the online casinos will still continue to boom, just not as much as expected while others contend that the recession will force the closure of numerous internet gambling companies and there will be only moderate growth in the coming years. Whatever the theory though, really there is little doubt that there will be some effect – the question is just how much will the online casinos feel the slowing global economy.

Another plus for the online casino gambling industry is the fact that in spite of the recession, new markets are beginning to open. These new markets are really the key to continued growth and revenues for the internet gambling companies as more established markets slow down a bit.