"Internet Gambling Stocks Boast Remarkable Growth"
While there can be no denying the mushrooming popularity of online
gambling, there are some who believe that the rapid growth of the online
gambling industry is bound to peter out soon, arguing that its record
growth cannot not be sustained for long. There are others, however, who
point to developing new technology that will make the online gambling
more even more accessible and, therefore, even more popular. More specifically,
new technology such as 3G cell phones, faster, cheaper broadband, and
interactive television technology where the T.V. doubles as a computer,
will likely make gambling over the Internet simpler, more accessible,
and faster. In turn, this will result in a larger segment of society
playing at online casinos.
Global Betting and Gaming Consultants (GBGC),
experts on the online gambling industry, are proponents of this second
view as Warwick Barlett, lead partner at the consulting firm, said “betting will be so easy
from your home that future growth is assured”.
As further proof of GBGC’s prediction, online gambling companies,
Sporting Bet and BetandWin, have seen their stock values growing in leaps
and bounds in the past year. The remarkable popularity of online poker,
is no doubt, a driving force in the two companies’ success since
both experienced a surge in their company stock values after either the
acquisition of a poker site or forming a partnership with a poker site
operator. The figures bare this out; SportingBet saw a 358 percent increase
in stock prices within the last 12 months, with 256 percent growth incurred
since January 2005, alone. SportingBet acquired the online poker site,
Pacific Poker, in the final quarter of 2004. Also, BetandWin jumped to
19 th place in April, up from January’s 42 nd place on GBGC’s
Global Gambling 50 index of the top Internet gambling companies.
BetandWin enjoys a partnership with the Poker Pulse network.
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