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Wednesday, July 12, 2006

Online Gambling is Good Bet

The two upcoming integrated resorts might make bricks-and-mortar casinos the talk of the town, but online gambling is where the bigger growth will be, according to some in the industry.
They predict that online gambling will grow at 50 to 70 per cent a year for the next five to ten years. Industry studies also said that by next year, Internet gambling revenues will have grown to US$12.6 billion.

And Realtime Gaming, a software developer for online casinos, says it has seen a 20 per cent growth for the last six years, and gross profit margins of over 36 per cent. With more than 60 clients, the company has handled over US$20 billion worth of wagers over a five year period.