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

Online Casino Gambling --- Casino News

Tough Times Ahead

All you seem to read about in the news these days is the sad fact that companies all over the world have been hit pretty hard by the slowing global economy and the US recession. Because the global markets are linked very strongly to the US market, even a UK based land and online casino gambling group like Rank plc is reporting revenue and profit losses for the last quarter of the year. Rank’s losses actually go beyond just the current state of the economy however and instead are a result of new land and online casino gambling legislation in the UK, coupled with an untimely smoking ban.

According to Rank, the quiet quarterly results are a combination of the ban, the new gambling regulations, and the fact that more players are pinching their pennies to stay afloat. The quarterly report indicates that Rank’s land bingo operations are slowing just a bit. In the UK market a decline in new players was offset by an increase in spending per player. In the Spanish market however, declines were reported in both the number of new players and the amount spent per player at the venue.

As for the online casino gambling division of Rank, Blue Square reported a small increase in revenue – one percent. The increase is thanks to an increase in the popularity of online bingo gambling – success at the bingo sites were able to pull up the slowing performance of the company’s internet betting sites. The recent economy has presented some real challenges to the land and internet gambling industries, now it’s just a matter of whether the government will consider lessening some of the more imposing regulations and taxes that are crippling the land gambling industry.