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Predictions for the global online caisno gambling industry are still on target according to the Chief Executive at Global Betting and Gaming Consultants. CEO Warwick Bartlett stood by his earlier predictions last year that indicated that the global internet gambling industry would continue astronomical growth over the next five years. Some online casinos is in parts of the world suffering from an economy that is entering a recession have expressed doubt of these figures but Bartlett contends that the global industry is still going strong and will actually benefit from the rising cost of fuel and food.

Basically, gamblers do not want to leave their homes because of the rising costs of everything from a gallon of milk to a tank of gas…but those gamblers are not willing to give up their gambling habit and instead head to the international online casinos for their gambling. The US economy has caught the headlines all over the world for its economic crisis but it seems that much of the EU and UK are looking to follow that trend and may very well enter a recession in the coming months.

The state of the US economy has no real affect on the online casino gambling companies anymore because so many of the major players have wholly or partially withdrawn from this industry. The slowing EU economy though is a cause for concern – but not really. Warwick contends that the gamblers in the EU will continue to register in droves and that internet gambling companies with diversified interests will still benefit from a growing Eastern European industry and emerging prospects within the Italian gambling market.

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