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Projections for 2009

With the dawning of a new year, the online caisno gambling industry is preparing itself for some very big changes. Predictions just two years ago were so very favorable for internet gambling. Analysts predicted that online gambling sites would flourish and continue extremely profitable growth over the following five years until trickling off around 2011. The predicted growth though has been a bit stunted now by the global recession – although many online casinos and gambling sites are still showing positive growth and decent revenues, this growth pales in comparison to industry statistics from just a year ago.

A plus for the online casinos as we move into 2009 is the strength of the gambling market within Europe. The troubles with the US market are largely a thing of the past (except for a handful of companies in negotiations with the US authorities) and the European market is really just beginning to fully open to internet gambling. The European Commission is slowly but effectively breaking up the land and online casino gambling monopolies within EU member-states. There are certainly still a handful of countries that continue to attest to their right to operate monopolies, but the online casinos are working their way into these markets regardless (case in point, Sweden).

With all of that in mind, 2009 looks as though it is still a positive year for the online casinos. Although booming growth is not necessarily in the near future, there are daily new and exiting developments for the industry. Italy is only just beginning to open its market. Asia is still a prospect for many gaming companies, and Eastern Europe’s online gaming market is actually still growing pretty rapidly.