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August Not A Good Month For Online Casinos.
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2005-09-08
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Shareholders for a major online casino lost out, when the gambling shares fell more than 30%. Although there is a boom in online gaming, some sites can�t keep up with the competition. There are some rises, and others drops.
July saw the rise of some new sites, which rose over 60% of the online poker market. The following month drop is just business, nothing personal. Some have reached that initial high, and then drop. In this case it happened, but doesn�t mean the one company, or its shares will remain low.
Dresdner Kleinwort Wasserstein, a financial adviser to the online casino, believes that annual revenues will be about $1.4bn (�760m) from online poker in their possible rise to $5.9bn by 2008. Christiansen Capital Advisors, a US-based company, believes that the global online betting market will take nearly $10bn in wagers this year, around half from American sites, and public. However, 45%of online gambling revenues come from American players, despite the legal disputes on this subject.
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(By Andrea)
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