Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Not Yet in Recession

A new report indicates that most of Eastern Europe may not have entered the global recession yet which has affected most of the developed world. The US, UK, and Western Europe are all suffering the effects of the recession: job loss, loss of market and revenues, rising costs of basic goods and services. But for the online casino gambling industry the recession has had a surprisingly small effect thus far – in fact, profits are still on the rise for the industry. Global Betting & Gaming just released a new report on 17 countries in Eastern Europe with an in depth look at their current and possible future gambling markets – it looks pretty good for the online casinos seeking entry into these markets.

With broadband internet access spreading rampantly throughout Eastern Europe, the internet age is upon the region and online casinos are a logical next step for most of the countries. Several prominent countries have already legalized and licensed internet gambling in an effort to draw in new revenues into the state coffers. And for the countries that still don’t allow online casino gambling? For many of them it’s in the works right now, so it’s just a matter of time.

Online casinos can currently legally enter the Czech Republic, Slovenia and even Slovakia. Following suit is Croatia and Bulgaria; both of these countries plan to legalize online casino gambling in the coming months. So is there a viable market? The answer is a resounding yes. Croatia is just one example of the Eastern Europeans’ propensity toward gambling, Croatia boasts four times the number of gambling shops per million people than the UK. So online casinos seeking out new markets should surely turn their sites to this emerging market.