Everyone believed that even though land-based casino revenues worldwide are going for a hit as a result of this incredibly tough recession that online gaming revenue on one other hand will be new to the tough economic times because of the little level of expenses it will take to work an on line casino but this hasn’t been the case.
Even online casinos worldwide are needs to have the pinch of a recession that borders on the depression and you will see this not only from the numbers but from their forward outlook on future revenues, but you will find still some diamonds in the rough in terms of online gambling companies to either gamble at or spend money on through the stock market. One of the online gaming companies that keeps growing revenue and net income like gangbusters is the Chinese online gaming firm Shanda.
While everyone is losing their shirt financially Shanda has announced incredible revenue gains for the 3rd quarter of 2008. Their revenues have increased by 41% over last year’s third-quarter revenues and net income increased over 20% from last year.
Shanda did so well because it’s decided to focus more on online games and online board games as opposed to online gambling games.The prospect of online game playing in China is incredible and if they may try this well during the recession imagine how well it can do whenever we come out of this recession. UFABET ทางเข้า Although online gambling hasn’t been hit as hard as land-based gambling in China, the one area that seems to be outpacing all of them is the web game arena. I believe American gambling companies should learn a lesson from the corporation and try to shift their focus much more far from online gambling during the recession to online games because of the fact that online games are becoming almost a culture unto itself with younger generation once we start to maneuver online at a younger age every year.
I know this because I have a 42-year-old brother that also plays games on his Xbox together with his kids and it’s gotten to the level where they are almost hooked on these games therefore it goes to show that online games as well as online gambling have a huge influence even culturally among our young and among our middle-age population.