| 7 Dec 2006 news update named Online Casino Turnkey Company Chosen as Good Investment | | | | | | Gambling News » 2006 » December » Online Casino Turnkey Company Chosen as Good Investment
Online Casino Turnkey Company Chosen as Good Investment
The online casino industry was given a well-needed boost when The Motley Fool published a favoring article saying that Cryptologic is a good investment for someone looking for a promising industry to put money into. With the impact of the Unlawful Internet Gambling Act, many believed that the industry is losing it's power, but the truth is far from that. The article indicates how global demand for online casino gambling is constantly growing, and that turnkey online casino software providers, such as Cryptologic, are a preferred target for investment.
The online casino industry is expected to grow to a $19.6 billion monster by 2010, and we are speaking of revenue alone! Although new legislation in the United States might change that number, the industry will still remain a highly profitable enterprise and a wonderful venue for investors. Online casino software providers are the most stable firms in the business, as they provide online casino software and gaming licenses and do not handle players.
Not only that, but the article also refers to the new situation in American politics and indicates that the newly formed Democratic Congress might be very favoring to the online casino industry. It is way too early to judge the financial state of the industry, and with such a large cash flow, the online casino industry is still a very stable investment. The article comes in a very crucial time for the industry, when every other analysts has something to say. This shows that the online gambling community is still alive and kicking, and all you players out there should keep on having fun at the online rooms!
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