 Big
Profits for Online Casinos and Online Casinos Game Providers
Online casinos have
enjoyed unbelievable growth on the Internet in recent years, and
this explosive expansion has come with much scrutiny and has
created an incredibly crowded marketplace, as online casinos
spring up left and right. But the current state of online
casinos is healthy and ripe with new developments and news. The
industry is always exciting despite mainstream society’s recent
reservations.
The latest research on online casinos shows that there are still
substantial growth opportunities in the online casinos industry
in months and years to come.
Online casinos growth prediction parallels the predictions of
other highly regarded and dependable surveys and studies
conducted about the online casinos industry around the globe.
Online casinos analysts have estimated that worldwide online
casinos and gambling revenues were $11 bullion in 2005, up from
about $8.5 billion in 2004.
The legalities surrounding online casinos, especially in the
United States, are still debated.
But despite the potential surrounding online casinos, or the
legalities surrounding online casinos, gaming firms continue to
succeed in the online casinos industry and are seeing big
profits.
A Canadian-based gaming firm hailed its second quarter results
recently as a sign of health in the gaming sector, and announced
yet another acquisition - that of UK-based free-play gaming
site.
The results showed a 135 percent increase in revenue from Q2
2005 to US$10 million (GBP 5.2 million). James Lanthier, chief
operating officer at the firm, said the company’s focus on
European expansion and recent acquisitions demonstrated
continued growth.
“Our profits are up significantly in our games and sports
group," Lanthier reported. "The results are accounted for by
both organic growth on the skill gaming platform and revenue
from synergizing our two main areas.”
Lanthier reminded reporters that the firm acquired US-focused
Fantasy Sports through its Skilljam subsidiary and signed deals
with Lycos in Europe and Hasbro in North America (see previous
InfoPowa bulletins). He said that skill gaming as a whole was
gaining a higher profile through events and associations with
other brands.
“We have distribution partnerships with high-profile companies
such as AOL and MSN, and we have the first-ever million dollar
skill games championship, the World Wide Web Games, the final of
which will soon be televised. It is a great awareness driver. We
are focusing on games such as Hasbro’s Scrabble, because people
have a strong affinity to playing games with familiar brands,”
Lanthier said.
The firm’s subsidiary software firm Octopi contributed to second
quarter profits and Lanthier was pleased with the interest in
Fun’s new multiplayer role game Poxnora. Fun’s mobile offering
had also tapped into a growing market, offering a different
demographic to poker and casino sites, he said.
Commenting on the new European firm as the most recent
acquisition, he added: “Free games are a very important part of
any provider’s games offering and allows us to introduce
paid-for games to the audience.”
It is clear that the internet skill games industries are
booming.
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