Online Casino Industry vs. recession
December 15, 2009, 9:21 am (8 years ago)
The online casino business has gone through some hardship due to the recession. Until this worldwide downturn struck the world, online casino industry was known as slump-proof but this time, even they could not find the loophole and received a blow.
A lot of experts have suggested that this circumstance indicates the industry is not as concrete as was before. However, there are some elements that are being ignored before getting to the conclusion which are quite obvious.
First of all, the industry has carried out its business much better throughout the recession than most other kinds of business. It’s true that the numbers are dropped but when looked at in the context of business by and large online casinos have been conducting its business with making choices proactively.
Now, the industry had to face all kinds of authoritarian issues in different jurisdictions with the most infamous being the continuing hardships in the United States. It is difficult to forecast how much these kinds of operating issues have cost but it would not be exaggerating to guess that it would reach billions at this stage.