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

Online Casino Gambling --- Casino News

Oil Spill Feeding Bets

The Deepwater Horizon oil spill has gone from a sudden and shocking disaster to a slowly horrifying mess of epic proportions that will affect the US and global ecosystems for decades to come – a situation that is still developing as the BP oil company continues to struggle and flounder on how to clean up the spill. The situation has now gone on so long that the online casinos, Paddy Power in particular, are now offering odds on the likelihood that BP will be forced to declare bankruptcy by the end of the year. Not only is BP faced with cleaning up the continuously growing oil spill, but the US is now levying fines on BP for every day that the Deepwater Horizon spill continues to spew oil into the Gulf of Mexico – and those hefty fines are a piece of why the online casino betting companies feel it very likely that BP will go under some time this year.

The US Stock Exchange seems to be in agreement with the online casinos because the BP stock prices have plummeted over the past several months as everyone on Wall Street has backed out of association with BP and are now just watching the slow demise of this once major US petroleum company. The fact though is simple, the Deepwater Horizon spill has been so vast and damaging that the online casinos, along with bettors do not feel that BP can ever come back from this situation. Not only is the company in financial dire straights, but the trust and reputation has been completely annihilated.

Online casinos are only currently offering odds on the likelihood that BP will file for bankruptcy but no odds on the companies odds at staying functioning and potentially profitable. The odds of failure by the end of the year come in at 4-1 and only time will tell how fast this company sinks in the coming months.