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Gambling News » 2006 » April » Investors Interest in Online Casino Industry Grows

Investors Interest in Online Casino Industry Grows

Every day almost 2 million players frequent online casino sites. And as the action at the online casino sites increases, so does the investors’ interest. 70% of online casino players are American and in a recent article in American Weekly Newsweek, it was reported that the serious investor interest in the online casino industry is on the rise. Newsweek reports that because of the media attention the online casino sites have been getting, the investment opportunity is golden.

Many online casino sites have already offered their companies to the public at low stock prices, and Newsweek speculated that many more online casino sites are sure to follow suit. However, despite the continued interest in the online casino industry, online casino gambling is still technically against the law in the United States.

Nevertheless, everybody seems to be quite certain that no enforcement action is going to be taken. Online casino gamblers continue to gamble, and investors continue to invest. Online casino revenues have grown from $83 million in 2001 to over $2 billion dollars today, and this amount will surely double by 2006, according to the research company Christiansen Capital Advisors. The online casino industry is booming and investing has reached an all time high and continues to grow. U.S. investors are bound to continue to look to the online casino industry in the future because of the immense chance of a windfall.

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