The online gambling business must be avoided during these difficult economic times and will continue to grow at double the percentage of the year. This statement comes from a recent study that was presented to the public just before the global financial crisis hit the world stage. This prophetic study, when weeks later the world began to exert an age of economic turbulence predicted by the wise and now retired FED chairman, Alan Greenspan.
We live in an economic age at 7meter , where a simple bubble or bank damage has a strong ripple effect throughout the world that shows the interconnectivity and weaknesses of our economy in this global social paranoia market, at least in financial speculation of the human psyche . Large banks closed like the famous Lehman Brothers, the government appeared to form rescue packages and buy equity in places like Goldman Sachs (one of the investment banking elites), and large companies and even sports authorities put out workers like Volvo and the NBA.
However, some industries are intended to benefit from this economic disaster, and this is the online gambling sector. Before the crisis, people would go into marketing research companies and ask for industry reports only to see a positive growth curve for the industry in terms of forecasts, and positive pro forma financial studies. Believe it or not, this is still meant to happen, and this is why. Pedestrians will always continue to bet, whatever the volume, maybe less than before because they will carefully see the economic downturn as a global recession practice in their spending, or they may spend more because they need to break even and hope that online gambling efforts will help them make ends meet.
Clients with addictive personalities will continue to bet. Rich gamblers will still make the monthly ration as usual into their gambling investment. The masses will NOT drive, fly, take public transportation to favorite sports books or casino destinations, and will instead choose easy-to-use alternatives such as betting from a PC at home or working at lower costs such as cheap broadband and no need to spend on transportation and additional costs, ease of use, and speed combined with the security now offered by brands around the world to the public. With smoking bans at many brick and mortar companies, gamblers will also carry out their activities online.
This is the main reason this sector will now prosper. Some speculators have even stated that the industry is experiencing huge growth due to this situation, and in five years, this industry will show the best performance in terms of volume growth. Large game companies show positive value in their shares in major world markets, thereby showing industry confidence. If Obama wins, the US might reopen its online gambling doors again because the Senator has chosen a recent bill aimed at regulating the industry, and this will definitely benefit big betting operators not only in terms of industrial volume growth, but in financial retribution.