Home > Casino News > 21 Dec 2006 Online Casino Gaming Revenues Surge over Holidays
If you think the only industries benefiting from the holiday season are those who operate in consumer sales, the holiday cheer has got you fooled – online casino gaming has also witnessed a surge in online casino wagering during this Christmas season. Online casinos bets gradually increase, according to a report and industry analysts in Great Britain, after Thanksgiving all the way to New Year’s Day, with a slight decline in January (excluding the NFL playoffs and the Super Bowl).
The online casino industry, which now boasts a total market capitalization of over US 12 billion dollars, has seen at least a 10 percent rise in sales during the holidays over the past 3 years. This year should be no different, even with the recent legislation in which the UIGEA, or Unlawful Internet Gambling Enforcement Act, was passed in the US against online casino gaming.
‘Over the next 10 years, the online gambling industry will thrive despite a possible decrease in US player accounts. It’s really hard to say, the UIGEA brought a drop in player accounts during late October and early November, but it seems as the holidays arrive, gaming accounts are revitalizing,’ said Bedford Michaels, a financial analyst covering the online casino industry since 1996. The real story, however, is whether or not online casino companies can stay afloat long enough to make it past these times of constant change. Only time will be able to answer that debated question.
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